Are you looking for Oakdale homes for sale? Recent MLS statistics show that transactions are up significantly over last year. Whether you are a Minnesota first time home buyer, moving up from a previous home or an investor, today is a great time to be looking for a home in Oakdale. With a combination of record low interest rates and reduced property values, housing payments haven’t been this affordable in decades. You will want to understand the 3 basic types of properties listed for sale.

Oakdale Foreclosures Can Be A Great Value

Foreclosures often represent a great value for today’s home buyer. When a bank owns the home they want to sell it quickly as they are responsible for maintenance, utilities, and property taxes There is a lot of competition from home buyers today when a foreclosure comes up for sale at a good value. It is not uncommon to see multiple offers on a Oakdale foreclosure, sometimes driving the price above the list price.

Short sales can be a good opportunity for home buyers who do not need to move within the next 6 months or so. When a seller has a home on the market as a short sale, this means they will not be able to pay off the entire loan they have on it when they sell the home. This means that after they receive your offer you will need to wait while the seller negotiates with their bank to forgive a substantial part of their debt.

Traditional sales from a home seller represent at least half of the homes on the market today. These properties are often great values in part because there has been a property owner there to take care of any the necessary maintenance on the home. A traditional home seller will tend to be more apt to pay all of your closing costs as well. If you are looking for a well-maintained home where you can move in quickly with great financing terms, a traditional home sale is the way to go.

City of Oakdale

Oakdale is a fine community in the Twin Cities area, and part of Washington County. As Minnesota's 32nd biggest community in terms of population, it is conveniently located just east of Saint Paul. The City of Oakdale, MN lies entirely within the North St. Paul-Maplewood-Oakdale school districts, but the students living in Oakdale are split into two high schools, Tartan and North High. The famous World Headquarters of Imation is located near Oakdale and many Oakdale residents are employed by nearby 3M.

MN First Time Buyers First Step

For many Minnesota first time home buyers the big, intimidating question is where do I start the process? Your very first step to home ownership is to get preapproved for a mortgage. By doing so you find out how much you are qualified for so that we can research homes in a comfortable price range.

Casey Anderson
Sales Executive, Licensed Realtor in Minnesota
IBR Realty
caseyanderson@ibrrealty.com
Cell 651-245-1820
Woodbury, MN 55125
With a focus on Woodbury real estate and surrounding communities.