Want to buy your first home in Shoreview?

Are you thinking of buying your very first home in Shoreview? Many MN renters today are beginning to realizing that the recent rise in rents is making Shoreview real estate more attractive than ever. With the combination of low mortgage rates and lower property values monthly payments on a home in Shoreview may even be less expensive than what you are paying for rent! If you are a MN first time buyerI would definitely enjoy talking with you about these possibilities.

Shoreview, MN Information

The City of Shoreview is an excellent place to consider if you are thinking about making a move. Situated in Ramsey County is a convenient second-ring suburb just north of Saint Paul. The national magazine Family Circle named Shoreview as one of the Top 10 best places to live in a 2008 article. With seven lakes in the community, including larger ones such as Turtle Lake, Snail Lake, and Lake Owasso, Shoreview offers plenty of recreation opportunities. If you're searching for affordable Minnesota housing consider looking in Shoreview.

Financing Options

There are a wide variety of mortgage loan programs that may benefit today's first time home buyer. The most common are FHA loans which allow you to get into a home with as little as 3.5 percent down. A program designed for American's veterans are known VA loans, a program with as little as zero down payment. If you find a home with Fannie Mae's Home Path logo, you might qualify for their 3% down Home Path loan which does not require mortgage insurance. Your mortgage lender will help find the best program based upon your loan qualifications.

Down Payment Assistance

In addition to State of Minnesota down payment assistance funds many local communities offer programs of their own as well. Each of these programs vary in terms of qualifications required to access the funds. Depending upon when you are reading this these programs may or may not be funded so we can check on it when you call me.

The First Step: Get Preapproved!

For many MN first time buyers the big question is where do I start? Your very first step towards buying your first home is to get preapproved for a mortgage. By doing so you find out how much of a loan you are qualified for so that we can research homes in a price range with comfortable payments for you.

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

Would you want to learn something about how you go about buying a home in Shoreview? Learning how to buy a home can be confusing for many buyers, especially MN first time home buyers. Since the process can be a bit complicated I would like to share with you some tips of how to accomplish your goal.

How To Buy A home in Shoreview

Most Minnesota home buyers start their search on the internet, of course. There are many places to do this but a good place to start is to use the search engine on my website. There are tens of thousands of Minnesota real estate websites out there but you will soon find that many lack all of the important details when searching for a home. The large national websites, for example, do not show the county property taxes for each home which is a crucial factor when determining what your monthly payments will be.

Search for a home in Shoreview on my website

When you start for your search for homes in Shoreview on my website you will find all of the property listings from all of the real estate companies. Through the use of the Multiple Listing Service (MLS), my property website will offer you complete details from every company. One of the other things I can do is to set up an advanced search for you so that I can email you when properties in your price range come available.

Get Preapproved To Buy A home in Shoreview

How will you know what kind of price range you should be searching for? In order for you to know the amount of monthly payments you will have for a home in Shoreview you will want to get a preapproval letter for a mortgage loan. This is the important first step in the process for how to purchase a home in Shoreview Since there is no cost or obligation when you get prequalified by one of our local MN mortgage lenders, you should do this right away so that you can clear any roadblocks there might be in the process of getting a home loan.

Let's go look at homes!

After you have been preapproved by one of our trusted local mortgage lenders I will take you out for showings on homes in your price range. I generally recommend that we look through at least fifteen or more before you make your offer to purchase one. By searching extensively you will get educated on homes that are a good value to buy. When a home comes available meeting your needs you should be ready to make your offer since properties now sell fast.

After the purchase agreement, and before closing

Once you have decided to make your offer it normally takes about 30 to 45 days before closing. During this time your mortgage lender will collect all of the documentation they need from you to complete your loan approval. They will almost always order an appraisal on the home you are buying to make sure the price of the home you are buying is in line. They will also order a title policy to make sure you will get clean title to the home upon purchase.

Closing on your home

After your home loan has been completely approved you will be ready to close on the purchase of your new home. At this point all the parties involved get together at a title company to sign closing documentation as well as to exchange house keys, etc. Now that you have closed on your home you are now ready and able to move in!

Shoreview, MN Information

The City of Shoreview is an excellent place to consider if you are thinking about making a move. Situated in Ramsey County is a convenient second-ring suburb just north of Saint Paul. The national magazine Family Circle named Shoreview as one of theTop 10 best places to live in a 2008 article. With 7 lakes in and around the city, including larger ones such as Turtle and Snail Lake, Shoreview, MN offers recreational opportunities for everyone. If you are looking for affordable housing consider looking in Shoreview.

Do you believe you're ready to start the process of looking for homes? Please just send me an email or give me a call as I am glad to help you begin your search for a home in Shoreview!

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.

Home Sales Statistics Shoreview MN 2011

Shoreview, Minnesota attracts attention for many other reasons besides the twin, skyscraping, radio transmission towers reaching high 1400+ miles into the air. Though not officially incorporated until 1957, Shoreview has a rich history. A good portion of what is now known as Shoreview was once inhabited by Dakota and Ojibwe Native America tribes. It was ceded to the US Government from the Ojibwe in 1837 and soon became known as a farming community. The Soo line of the railroad expanded into Shoreview in the late 1800’s and soon New Englanders and other European settlers came to farm the land. The iconic radio towers weren’t built until much later in 1963 but those three towers on 694 are still the tallest structures in the state of Minnesota. According to the 2000 census, nearly 26,000 people called Shoreview home. No doubt this decade’s survey will only add to the number of residents in this vibrant community.

But what is happening in the Shoreview real estate market during the first half of 2011? Let’s take a look:

The Shoreview market appears strong for both single family andtownhomes/condos in all price points under $500,000. Over half a million, with only four sales, it appears to be several years’ worth of inventory on the market. This is a similar situation to homes across the Twin Cities however in many other communities in the north metro, the price cut off is much lower. Sales slow and inventory starts building at the $300,000 price point and above in many neighboring communities like Blaine and Lino Lakes. While homes have started to sell and inventory levels are much more manageable in lower price point categories, executive, lakeshore and other high valued homes have lots of competition.

Overall Shoreview’s real estate market is solid with homes are taking about 5 months to sell on average during the first 6 months of 2011. Single family homes are selling about 30 days faster than area townhomes/condos on average. Hopefully this continued momentum will continue through the rest of 2011.

2011 Mid-Year Average Sales Price of all homes sold in Shoreview:

All Homes $204,061 Single Family Homes$253,933Townhomes/Condos$121,6192011 Mid-Year Average Cumulative Days on Market in Shoreview: All Homes 148Single Family Homes131Townhomes/Condos163

1^st Half Shoreview residential real estate statistics for single family homes:

Under $200,000~ 18 Active Listings, 8 Pending Listings, 28 Sold Listings, 147 CDOM

$200,000-300,000~53 Active Listings, 10 Pending Listings, 34 Sold Listings, 124 CDOM

$300,000-$400,000 ~10 Active Listings, 1 Pending Listings, 6 Sold Listings, 64 CDOM

$400,000-$500,000 ~ 11 Active Listings, 1 Pending Listings, 9 Sold Listings, 201 CDOM

$500,000-$1,000,000~ 13 Active Listings, 0 Pending Listings, 4 Sold Listings, 190 CDOM

$1,000,000 and Up ~3 Active Listings, 0 Pending Listings, 0 Sold Listings

1^st Half Shoreview residential real estate statistics for townhomes and condos:

Under $100,000~ 17 Active Listings, 2 Pending Listings, 18 Sold Listings, 197 CDOM

$100,000-200,000~ 34 Active Listings, 3 Pending Listings, 25 Sold Listings, 174 CDOM

$200,000-$300,000 ~ 6 Active Listings, 1 Pending Listings, 5 Sold Listings, 17 CDOM

$400,000-$500,000 ~ 2 Active Listings, 0 Pending Listings, 1 Sold Listings, 33 CDOM

For additional information on any current Shoreview real estate listing or for additional information on buying a home in Shoreview contact Teri Eckholm RE/MAX Specialists directly at 651-336-7073.

**All Statistical information based on information from the REGIONAL MULTIPLE LISTING SERVICE of MINNESOTA, INC. for the period of 1/1/11 through 6/30/11.

FEATURED LISTINGS IN SHOREVIEW MN

4675 Dale St N, Shoreview MN 55126 4BR/3BA/3Car for $274,900

If you’re thinking about selling your Shoreview, MN house, one of the most important things you need to do is something you can’t do: view your house from a detatched, unbiased perspective. Your real estate agent is someone who can help you make important decisions about the price of your home, and a stager is someone who can help you make good decisions about how to present it.

Just as you can sell your house without a real estate agent, you can present it to buyers without the aid of a professional stager. But the numbers don’t lie: you will sell your house faster if you have professional help in doing so.

Staging is not cleaning, painting and decluttering your house. That’s where you start, and those are things you can and must do. Staging takes place after the house is basically cleaned out and depersonalized. It’s all about dressing the house up for sale, and creating a mood, even some illusion. Stagers will often use “props” – furniture that they bring in that will fit the room well, make the house feel warm and inviting, and give the impression of warmth and brightness. In short, a staged home will feel more inviting to buyers. As one professional stager puts it:

“A Professional Home Stager looks at your home thru the buyer’s eyes. We want to emphasize the great attributes of the home. We look at the house with fresh eyes. Our goal is to show your home as large and bright as possible so the buyers can envision themselves living there.”

First impressions are critical in selling your Shoreview house. The right price will get buyers to you for a showing, but they need to leave with a good feeling about the house, and much of that is an intangible that a home stager knows how to create.

Staging your house is not as expensive as you might think. You’ll be responsible for a consultation fee, which varies among stagers, and the cost of any rental furniture/props. As the article puts it, the cost of staging your home is likely far less than the price reductions you will generally end up with if you don’t use a stager. Good staging is a key marketing technique that will help sell your Shoreview, MN house quickly!