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2 BEDROOMS | 4 (3 full, 1 half ) BATHROOMS | 2391 SQUARE FEET

The data on this page is consolidated from multiple sources and includes current listings, recent sales, and more. Whether you're a buyer or seller, the knowledge you gain will help put you in control of your real estate transactions.

Call or email anytime to discuss how this information can benefit you! 612.807.4858

The number of active listings in Prior Lake (55372) dropped by 15.5% from the previous month. The median number of days active properties have been listed is 50. This is significantly shorter than the national average. The number of sales in March dropped by 90.9% from the previous month.

The percent of unoccupied properties is very low in Prior Lake (55372) . It is -10.94% below the national average. The percent of owner occupied properties in Prior Lake (55372) is 19.82% above the national average.

Ready to Buy, But don't know where to start?

It's true, many home buyer's may not think they can afford to buy a new home... truth be told, programs exist to help home buyer's of any level get into a home. The traditional mortgage of 20% down has gone away. If you're considering the home buyer process, you may be surprised at the fact you can now get a mortgage for 3.5% down FHA, you can even get a "gift" from a family member or friend to get you through the home buying process... OR, you may qualify for downpayment assistance grant or a loan program with 0% down!! 

Department of Agriculture Loans

The Department of Agriculture has what is known as the Rural Development mortgage guarantee program. This program is so popular that it has consistently run out of money before the end of the fiscal year. This means that the timing of the homebuyer’s application is vital. Many mortgage consultants list this program as their favorite to recommend to many of their clients. Despite the name of the program, the eligibility of this program is not confined to rural farmland. There are, however, typically limited to specific areas outside of the twin cities area. Those who may be interested should contact a mortgage broker or specialist to find out more about these types of loans.

Federal Housing Administration

The previously listed options are limited to certain qualifications or locations for eligibility. The Federal Housing Administration offers a low down payment option to the general public. With a minimum down payment of 3.5 percent, a homebuyer can receive a guaranteed loan. In today’s market, about 15 percent of all mortgages are FHA insured loans. This is up by more than 12 percent from the market share that the FHA had during the housing boom. They have increased their market share due to the fact that many other low down payment options were eliminated when the housing bubble burst. There are a number of other creative ways for home buyers to receive financing without having to produce large down payments. The problem is that many of these options are not commonly known by the average person. In most cases it is wise to contact a mortgage broker or consultant to help find the best mortgage program for a particular situation. Working with the right mortgage expert  will help alleviate a significant amount of the stress that is associated with finding the ideal lending situation.

Ready to buy but have a home to sell first?

In a fast moving real estate market, it's usually better to have your home on the market or sold, before starting to look for your new perfect home. Although, we know that's not where you started, it's sure to save you some stress and possibly heartache in the long run. If you have a home to sell, check your value here free, or call to schedule a FREE move consultation, that we can determine if a move is appropriate now, or maybe in the near future. You'll want to make sure you prepare for a home sale, move free value increase reports will help you get your home sale ready! Don't forget, I offer suggestions on staging and have a well development, proven marketing system to get you the most money possible for your home!

Call now to reach a team member ready to get your home sale shifted into high gear! 612.807.4858 The Herda Home Team with Keller Williams Classic Realty #herdahometeam #priorlake #mn #homes