Posts Tagged with mn

Blaine MN Updated Housing Statistics - January 2013
...and what all of this means to you…

Often, we’ll hear housing statistics on the news that goes something like this: “housing is recovering” or “prices are up”, but what do these sound bites really mean to prospective home buyers or sellers?  Quite frankly; they don’t mean very much at all.

To truly be useful, statistics need to be more specific to the local area or situation.  For example, here are the latest updated January 2013 statistics for Blaine MN.  These are the numbers for the month of January 2013 and are compared to the month of January 2012.

New listings down -17.9% at 87 listings – While at first glance this seems like bad news, actually it’s not.  Last year we had a larger number of bank owned properties on the market at this time of year.  Traditionally in Blaine, a large number of Fair Market Sellers take their homes off the market in the winter because of the Holidays, the inconveniences of winter weather, and the mistaken impression that homes do not sell in the winter.  So this simply means there are fewer bank owned properties on the market this January when compared to last January.  This is good news for Sellers as it will help prices rebound.  It can also be good news for most home Buyers because it means the homes that are on the market are very likely to be in better condition and will have a better chance of passing an inspection and especially a FHA inspection.

Closed sales up +39.1% at 64 sales – When sales go up at the same time listings go down, that means that the homes that are on the market are Selling like hot cakes.  Great news for Sellers, but this may somewhat limit the selection of homes for Buyers to choose from.  So for the relocation Buyers coming into the Blaine area for their new jobs starting in January, this can be a motivating factor.

Move-In Ready Townhome style Condo
for Sale in Vadnais Heights, MN
This condo is on the border of the popular
Snail Lake Regional Park
and just northeast of Vadnais Lake
a good distance away from the noise of the interstate highways,
but still with easy access to both I694 and I35E.

Tucked back in a cul-de-sac, this condo has a lot going for it.  2 bedrooms, 3 walk-in closets, 1 regular closet, and a full bathroom on the 2nd floor.  The main floor has a very large combination living room/dining room with a large picture window facing the pine trees in the side yard, a pass-through to the kitchen, a half bath and a walkout to the patio.  The basement is unfinished and has plenty of room and potential for finishing.  The appliances are included: washer, dryer, stove, refrigerator, dishwasher, disposal, and a new combination convection/microwave oven.  There's even a 2 car detached garage, which is unusual for condos in this area.  Check out the video tour link and give me a call if you have any questions or want to see it.  Thanks a bunch!  Patti Ann Kasper 763-498-2088

 

Big Lake Town Home For
End Unit - Move In Ready

Big Lake MN Town Home for Sale:
2 bedroom, 2 bath, 2 car garage

Move-in ready and clean!  Large master suite with walk-in closet, walk-thur master bath, upper level loft style family room, 2nd floor laundry, washer and dryer included, large eat-in kitchen with movable kitchen island, and all appliances included.

Driving Directions: From US Hwy 10: Hwy 25 south, Harrison Dr East, Independence Dr North, to home on the right.

Email this to Friends and Family

 

832 Independence Dr NW Big Lake, MN


Click For Listing Website Click For Interactive e-Tour Check out this Bargain Big Lake Townhome! Move-in ready and clean, this 2 story townhome is perfect for as a primary residence or as an investment property. Located in a quiet neighborhood near the Northstar Commuter Railway and US Highway 10, it's an easy commute to the Twin Cities. On the main floor, you'll enjoy the large living room, half bath, and a large eat-in kitchen with a moveable island, all appliances, and a walk-out to the patio. Upstairs you'll love the 2nd floor laundry with drain pan, loft style family room, 2 large bedrooms, walk-in master closet, and walk-thru full master bathroom. All of the appliances and the laundry pair are included. This end-unit gets a lot of natural light and has windows that provide a nice breeze. The buildings are nicely spaced and there are 4 guest parking spaces right next to this townhome and 4 more across the street! Enjoy the good life and let the Townhome Association take care of the lawn, snow removal, exterior maintenance, sanitation, outside maintenance, and hazard Insurance. To get more information or arrange a showing, contact Patti Ann Kasper at 763-498-2088 today! MLS# 832Independence
$90,000
2 Bed, 2 Bath
832 Independence Dr NW
Big Lake MN, 55309

Patti Ann Kasper
EXIT REALTY NEXUS
763-548-1418

Bargain Big Lake Town Home for Sale
End Unit: Appliances Included

Big Lake MN Town Home for Sale: 2 bedroom, 2 bath, 2 car garage.

Move-in ready and clean!  Large master suite with walk-in closet, walk-thur master bath, upper level loft style family room, 2nd floor laundry, washer and dryer included, large eat-in kitchen with movable kitchen island, and all appliances included. 

 

 

 

Welcome to your new Springwood Ponds townhome in Inver Grove Heights.  This end-unit is move-in ready and has extras not commonly found in a single level townhome.

 

 

 

Recently upgraded with new appliances, furnace, and hot water heater, this two bedroom, two bathroom townhome also has a great sun room with a built in desk and Murphy Bed.  The space above the garage has been converted into an exercise room with a pull down stairway and the patio has been outfitted with a retractable awning. 

 

 

 

Quality amenities in this townhome include:  Vaulted Ceilings, a Gas Fireplace, Ceiling Fans, Hardwood Floors, Exercise Room, Natural Woodwork, Kitchen Window, Insulated Garage with Garage Door Opener, Main Floor Laundry, Lawn Sprinkler, Patio with retractable awning, and all Living Facilities are on One Level.

 

 

 

 

 

This professionally managed townhome includes: Sanitation, Snow Removal, Lawn Care, Outside Maintenance, Hazard Insurance, and maintenance of the Building Exterior. 

 

 

 

  

 

 

 

8614 Corcoran Path Inver Grove Heights, MN


Click For Listing Website Click For Interactive e-Tour Welcome to your new Springwood Ponds townhome in Inver Grove Heights. This recently upgraded end-unit is move-in ready and has extras not commonly found in a single level townhome. Recently upgraded with new appliances, furnace, and hot water heater, this two bedroom, two bathroom townhome also has a great sun room with a built in desk and Murphy Bed. The space above the garage has been converted into an exercise room with a pull down stairway and the patio has been outfitted with a retractable awning. Quality amenities in this townhome include: Vaulted Ceilings, a Gas Fireplace, Ceiling Fans, Hardwood Floors, Exercise Room, Natural Woodwork, Kitchen Window, Insulated Garage with Garage Door Opener, Main Floor Laundry, Lawn Sprinkler, Patio with retractable awning, and all Living Facilities are on One Level. This professionally managed townhome includes: Sanitation, Snow Removal, Lawn Care, Outside Maintenance, Hazard Insurance, and maintenance of the Building Exterior. MLS# 4155828
$184,500
2 Bed, 2 Bath
8614 Corcoran Path
Inver Grove Heights MN, 55076

Patti Ann Kasper
EXIT REALTY NEXUS
763-548-1418

 

 

Check out all of the great parks and recreation facilities in Lino Lakes ! Arena Acres Behm's Birch Birchwood Acres Brandywood City Hall Clearwater Creek Country Lakes Highland Meadows Lino Marshan Pheasant Hills Shenandoah Sunrise Sunset Oaks Wenzel Farms Woods of Baldwin Lake

Recently, sellers who were seeking approval for their Freddie Mac Short Sale were informed by their loan servicing company that the investor (Freddie Mac) has made an important policy change.  Effective immediately, Freddie Mac will no longer approve short sales of properties in the redemption period.

In Minnesota, the redemption period is the 6 month time frame following the Sheriff's Sale.  This change is being made, in part, because the official ownership of the property changes when the Sheriff's Sale occurs.There are options to help you deal with these new changes, but don't delay.  Call me at my Google Voice number 925-272-8363 or email me at pakaper@ExitRealtyNexus.com for more information.

Use this link to see if Freddie Mac owns your mortgage: https://ww3.freddiemac.com/corporate/

Here is the most recent update from Chris Galler at the Minnesota Association of REALTORS®:

"Freddie Mac has loans in all 50 states, with over 550 different laws, rules and regulations.  Numerous legislatures and local city/county governments have been passing extensions, restrictions and complicating regulations geared at extending the occupancy of homeowners who find themselves behind on their housing payments.  Servicers – often lenders – are tasked with deciphering these rules and regulations, while trying to understand local customs of how real estate transactions/foreclosures take place."  
"Minnesota is one of two states – Michigan – that have extremely prolonged redemption periods following the Sheriff Sale.  Both states provide the homeowner an additional 6 months to “redeem” the property before being required to vacate the premises.  This timing delay between the Sheriff Sale – a change in the official ownership of the property – and final acquisition of the property is at the heart of the current Freddie Mac position." "MINNESOTA ROLLBACKS – Because Minnesota provides a homeowner with a 6-month redemption period, a number of Short Sale transactions were being completed after the Sheriff Sale/change of ownership.  Because the legal paperwork following the Sheriff Sale has been processed Freddie Mac is now the new owner of the property.   During the redemption period a homeowner can reacquire the property if they pay all costs associated with the foreclosure, including the full mortgage amount.  This “redeem” number is higher than the loan balance and significantly higher than the agreed to short sale amount." "Servicers working to complete the short sale – and receive a bonus payment – would file for an “REO Rollback” on the property when the closing took place after a Sheriff Sale.  When processed, Freddie Mac would reverse the Sheriff Sale action – a costly item – and then sell the home at the lower short sale amount, as well as pay the servicer a bonus.  This process occurred for a number years as Freddie Mac and numerous lenders/servicers tried to get a handle on all of the rules and regulations governing foreclosure actions across the country."

Open House
6730 Plaza Curve, Fridley
Saturday from 1pm to 3pm