Use An FHA Loan to Buy Roseville Homes

Jul 292011

One of the most common methods of financing Roseville real estate is through a loan program known as FHA (the Federal Housing Administration). This federal program originated back in the 1930′s to help with a similar situation we have today when home foreclosures were rising and home buyers struggled to come up with a large down payment. Minnesota FHA loanshave underwriting rules that benefit both the first time buyer as well as the move up buyer.

While the years of the zero down payment loans have gone away for most of us, Roseville FHA mortgages offer the smallest down payments available in Minnesota. With a smaller down payment along with the seller paying much of the buyer’s closing costs today allows you to get in for a much more reasonable entry cost. This can also an advatage for current home owners who want to sell their home but have little or no equity and need a program featuring a small down payment to buy their next home.

FHA Offers More Expansive Credit Guidelines

Roseville buyers will also find that FHA loans offer more expansive credit guidelines than conventional loans. Roseville home buyers who have some credit challenges may qualify for FHA whereas not a conventional loan. In addition, unlike conventional loans which have significant pricing adjustments ters based on credit scores, rates and points on FHA loans vary only slightly based upon the home buyers credit score.

FHA and Non-Occupant Co-signers

Roseville FHA mortgages also allow buyers to qualify through the use of a non-occupant family co-signer. Unlike almost every other mortgage program, this means that if you do not quite qualify for the house in Roseville that you want to buy you might be able to qualify if you add a co-signer to the loan, even if they are not going to live there with you. This feature of the FHA loan has been used much more often as home buyers have struggled through job losses or reduced incomes.

Roseville first time buyers also may benefit through reduced interest rates and programs for down payment assistance through Minnesota Housing. This state agency buys FHA loans and makes use of special program features which allow for second mortgages on the home to be used for reducing the buyer’s entry costs. While maximum income limits may apply for this program, many Minnesota first time home buyers are making use of these loans today.

Get Preapproved Today

The first step in the home buying process is to get prequalified for financing. This means that you meet with a local mortgage lender who will review your credit, income, etc. In doing so they can tell you what types of Minnesota first time buyer programs you might be qualified for. This important first step can be done right over the phone and most lenders will even do this with you when you are off from work.

Overview of Roseville, MN

There are many great reasons to consider living in the City of Roseville. Located in Ramsey County, and with borders touch both St. Paul and Minneapolis, residents have a convenient commute to a wide variety of employers. Homeowner’s in Roseville also enjoy some of the lowest property taxes in the area partly due to its commerically-zoned land. Home to the original Target and Best Buy stores, Roseville is a major shopping district and has more restaurants per capita than anywhere else in the Twin Cities. Students in the area attend one of the schools in the Roseville Area Schools system, District 623. If you are thinking of buying or selling Roseville real estate please give me a call or send me an email.

If you would like to learn more about buying a Roseville home using an FHA loan, please email me or give me a call. With great rates and low prices today, it is a great time to buy in Roseville!

Shawn Hartmann
Licensed Realtor in Minnesota
Keller Williams Realty
shawn@hartmannteam.com
Direct 651-468-9099
2680 E Snelling Drive North
Roseville, MN 55113
With a focus on Saint Paul Homes for Sale

North Saint Paul Foreclosures: When And How To Buy

Twin Cities Real Estate No Responses »

Jul 282011

How To Buy North Saint Paul Foreclosures?

Are you looking to buy one of the foreclosures in North Saint Paul? Whether you own a home now or are a Minnesota first time home buyer, you will want to learn the basics before going out to buy. While there are many great values in North Saint Paul foreclosures you will want to be prepared for how to negotiate your purchase transaction.

North Saint Paul: Community Information

The City of North Saint Paul is one of the older suburbs in the Twin Cities metro with well developed neighborhoods and lovely tree lined streets. Located east of Saint Paul, MN, North Saint Paul is situated in Ramsey County. With a little over 11,000 residents residents here get the flavor of a small town atmosphere along with the benefits of the Twin Cities. With an ample supply of affordable housing, the city of North Saint Paul can be a wonderful place to search for homes for the Minnesota first time home buyer. If you are planning to buy or sell North Saint Paul foreclosures I would value the opportunity of discuss it with you!

Foreclosures are Bank-Owned

A North Saint Paul foreclosure can be a great value because the bank owns it and is paying for the maintenance of it. As opposed to a short sale, the selling bank has a major motivation to get the property off of their books. At the same time, banks who are selling their North Saint Paul foreclosures want to maximize the amount they get out of the property. In the lower price ranges it has turned into a sellers market meaning that many foreclosures sell for well above the listing price! Knowing what to offer for the foreclosure is critical in terms of being successful with your purchase.

Things to Consider in Buying Foreclosures

There are two big factors to consider what you will want to make as an offer to purchase. The first is how long the property has been on the market and the second thing is the general property condition. A foreclosure that has just been listed is likely to sell for near the listing price, while a bank that has a home that has been on the market a long time may be willing to negotiate for deep discounts. Also, a listing that is in poor overall condition may not be able to be financed so the bank may have to reduce the price far enough to attract cash buyers. I can help you work through these factors as we search for foreclosures.

Financing and Foreclosures

If you will need a mortgage loan to buy the foreclosure there are some critcal things to know. First, the house itself must be in acceptable condition to the lender in order for it to qualify for most mortgage programs. Foreclosure listings that are in poor condition will either require special financing such as FHA 203k or a cash offer. Selling banks will also tend to limit the amount seller paid concessions towards the closing costs of your home loan. In most cases the selling bank will limit their contribution to 3 per cent of the selling price, or 2 per cent if you are an investor. Additionally, a selling bank will never look at your offer if it includes a financing contingency for the sale of a home and if you don’t provide a preapproval letter along with the offer.

Find Out What You Are Qualfied For

The first step in the home buying process s to get preapproved for your home loan. This simply means that you talk with a local lender who analyzes your credit, income, assets, and debts. In this discussion they can tell you what types of Minnesota first time buyer programs you might be qualified for. This important first step can be done right over the phone and most lenders will even do this with you when you are off from work.

If you are thinking of buying a foreclosure please send me an email or give me a call. There are many great North Saint Paul foreclosure values out there but knowing which one takes some time and expertise. I would value the opportunity to help you in your search for the ideal house!

Ready To Buy A Home in Falcon Heights?

Uncategorized No Responses »

Jul 272011

Are you wondering about how you go about buying a home in Falcon Heights? Learning how to buy a home can be confusing for many buyers, especially for the MN first time home buyer. Since this process can be rather complicated I wrote this blog post to offer some basic tips of how best to accomplish your goal.

How To Buy A
Home in Falcon Heights

Most Minnesota home buyers start their search for the perfect home on the internet. There are many internet sites to begin this but a good place for you to start is to use the MLS search on my personal website. There are thousands of websites out there but you will soon find that many of them lack some of the important details you need when finding a home. For example, the large national websites do not show the property taxes for each listing which is one of the most critical factors when estimating what your monthly payments will be.

Search for a home in Falcon Heights on my website

When you start for your search for homes in Falcon Heights on my website you will find all of the property listings from all of the real estate companies. Because I am part of the Multiple Listing Service (MLS), my website gives you complete details from every company. I can also set up a specific MLS search for you so that I can notify you by email when listings in your price range come available.

Get Preapproved To Buy A home in Falcon Heights

How will you know what price range for a home you should be hunting for? In order for you to determine home much the monthly payments you will have for a home in Falcon Heights you will want to get a preapproval letter for a mortgage loan. Getting through the preapproval process is the critical first step for how to buy a home in Falcon Heights 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.

After you have been preapproved 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 buy one. By searching extensively you will get educated on homes that are a good value to buy. When a home comes available that meets your needs you will want to be ready to make your offer since properties at a good value sell fast.

After the purchase agreement, and before closing

Once you have decided to make your offer it usually takes about 30 or longer before you go to your loan closing to finalize the purchase of your home. Throughout this time your lender will collect all of your documentation they need from you to complete your loan approval. Additionally they will order an appraisal on the home to make sure the home is a good value. They will also order a title policy from a title company to make sure the title to your new home is clean.

After you receive your complete loan approval from your lender you will be ready for closing on your home in Falcon Heights. 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. Once you�ve closed on your home you will now be a homeowner!

Falcon Heights Community Information

The City of Falcon Heights is conveniently located just north of St. Paul in Ramsey County. Known as the home of the Minnesota State Fair, the city of Falcon Heights is also considered the best educated city in Minnesota with over 70% of its residents with bachelor’s degrees. Our MN first time home buyers may qualify to get help with down payments from Ramsey County’s First Home entry cost assistance program. With convenient access to the University of Minnesota and downtown St. Paul residents of the city have all the benefits of metropolitan living. If you want to buy a house or sell one in Falcon Heights please take a moment to send me an email or give me a call!

Do you want to start talking about the process of looking for homes? Just give me a call or send me an email and I am glad to help you begin your search for a home in Falcon Heights!

Shawn Hartmann
Licensed Realtor in Minnesota

Keller Williams Realty

shawn@hartmannteam.com

Direct 651-468-9099

2680 E Snelling Drive North

Roseville, MN 55113

With a focus on Saint Paul Homes for Sale

Monthly Skinny – June’s Real Estate Number Review

MN Housing Market, Twin Cities Real Estate No Responses »

Jul 272011

The Minneapolis Association of Realtors (MAAR) had just released numbers based on the information gathered in June about the Twin Cities Real Estate Market. Brad Fisher, 2011 MAAR President, talks about a comparison of June 2010 numbers vs. June 2011 numbers. Highlights include:

June 2011 Pending Sales (homes under contract) increased 48.1% from June 2010.
June 2011 Inventory decreased 15.9% from June 2010.
June 2011 Median Sales Price decreased 9.3% from June 2010.
June 2011 Percent of Original List Price Received decreased 2.1% from June 2010. Sellers are receiving on average 91.4% of ask price.
Interest Rates are 4.88% Conventional and 4.52% FHA.

Buying A Saint Paul Home With A VA Mortgage

Home Loans, St. Paul Real Estate No Responses »

Jul 262011

VA Financing in Saint Paul

One common financing option for buying Saint Paul real estate for home buyers is available through lenders who offer loans guaranteed by the Veteran’s Administration. This type of financing has increased nationally by about 20% over the last couple of years due in part to the sheer number of our returning veterans. Additionally with the loss of other options for zero down payment loans in Minnesota, the VA offers a benefit that offers eligible buyers a unique opportunity to buy their home with no down payment.

Saint Paul VA Mortgages: Not Just For The First Time Buyer

Many veteran home buyers misunderstand the fact that they may use their VA mortgage benefit multiple times. As a result veteran buyers do not necessarily need to be a first time user in order to get VA loans with zero down payment. This can be a great solution for current homeowners who wish to sell their home despite having a small amount of equity expected from the sale of that home. Since they will be able buy their next home with no down payment with a Minnesota VA loan they might be able to afford to sell their home without receiving any proceeds from equity in order to buy the next.

Saint Paul Veterans: Get Your Certificate of Eligibility

Saint Paul veterans should discover two things to see if they will be qualify for a VA loan. First they ought to see if they will be eligible for a Certificate of Eligibility through the VA. They can apply for the Certificate online or even just through their Minnesota mortgage broker. There are several categories for eligibility and I encourage veterans to check with the VA or to research their eligibility online

The Certificate of Eligibility grants a guarantee to the lender which helps to offset some of their losses in the event of a foreclosure. This guarantee is paid for by the veteran in the form of the VA funding fee which is normally financed in the mortgage loan. The funding fee is waived for veterans who have experienced service related disabilities.

A second thing a Saint Paul veteran home buyer should determine is if they can get prequalified for a VA loan. I encourage all veterans to talk with a MN mortgage banker to get preapproved for MN VA loans before we go out shopping for Saint Paul homes. When you go through the preapproval process the banker will review your credit, income, assets, and debts to determine if you meet the VAs requirements for financing. This important first step is usually free and can be done within a few days. In fact, many Minnesota VA mortgage bankers will do this right over the phone, even on weekends when you’re off work.

City of St. Paul Information

As both the Ramsey County Seat and State Capitol of Minnesota living in the city of Saint Paul is filled with things to do. Popular attractions such as the Xcel Energy Center and the Science Museum of Minnesota make St. Paul a popular destination for both its residents as well as those living in surrounding suburbs. Employment opportunities abound in St. Paul with major employers such as Ecolab, Lawson Software, Gander Mountain, and nearby 3M. St. Paul housing can be especially affordable for first time home buyers through the Ramsey County’s First Home program. Residents enjoy popular regional events such as the Minnesota State Fair and the Winter Carnival. If you thinking of buying or selling a home in St. Paul please send me and email or give me a call as I’d love to help you accomplish your goal.

If you are a Saint Paul veteran and are interested in buying your first home feel free to give me a call or send me a quick email. Whether you currently own a Saint Paul home or are looking to buy your first home, VA loans can be a great way to buy a home in Saint Paul. With interest rates at record lows combined with reduced property values many veterans are finding that it is cheaper to buy a home than to rent!

Showing properties 1 - 5 of 500+. See more City of St. Paul | Houses | Condos | Townhomes .
(all data current as of 5/22/2013)

$10,000,000 : 200 7th Street W, St. Paul

0 beds, 0 baths

Lot size: 26,136 sqft

Listed with Randy L. Crooms Realty
$3,250,000 : 34 Kenwood Parkway, St. Paul

4 beds, 2 full, 3 part baths

Home size: 6,293 sq ft

Lot size: 34,848 sqft

Listed with Edina Realty, Inc.
$2,400,000 : 305 Saint Peter Street, St. Paul

0 beds, 0 baths

Lot size: 10,018 sqft

Listed with Colliers International
$2,275,000 : 340 Summit Avenue, St. Paul

9 beds, 4 full, 3 part baths

Home size: 9,200 sq ft

Lot size: 27,007 sqft

Listed with Edina Realty, Inc.
$2,100,000 : 350 St Peter Street ,Unit 1300, St. Paul

2 beds, 2 full, 2 part baths

Home size: 5,150 sq ft

Listed with Lakes Sotheby's International

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Roseville Home Buyers: Get Down Payment Assistance

Roseville Real Estate No Responses »

Jul 252011

How much do I need for a down payment as a Roseville first time home buyer? The news I have for you today for first time home buyers is that there are MN down payment assistance programs available that can help qualified home buyers.

Down Payment Assistance Programs for Roseville

Most programs for down payment assistance today are designed for the first time home buyer. Each has its own set of unique qualifying guidelines. Programs might include parameters for income, remaining assets, income-to-debt ratios and credit score. You will want to check with a mortgage professional who specializes in MN down payment assistance to determine your eligibility.

Ramsey County FirstHome

Ramsey County offers a down payment assistance program for Minnesota first time home buyers up to $10,000. The FirstHome program can be used in conjunction first time home buyer loan programs such as FHA, VA, and conventional loans. The program can also be used with MHFA’s HAF assistance to bring the total assistance up to $14,500. Like all other programs Ramsey County has certain qualifications that the first time home buyer must meet. During your preapproval process your mortgage lender will help you determine if you are elgible for the Ramsey County FirstHome program.

Roseville Down Payment Assistance Programs

One of the best programs for down payment assistance is available in Roseville as well as all other communites Minnesota. The Minnesota Housing Finance Agency offers a great program called HAF which can be used for either $3,000 or $4,500 worth of assistance. This assistance comes in the form of a second mortgage with no interest and requires no monthly payments. One great thing about the HAF program is that it can be used along with down payment assistance programs made available through local cities and counties.

Roseville First Time Buyer Classes

Most down payment assistance programs will require that you attend a class for first time home buyers. The Home Stretch Workshop classes are usually an all-day session and is offered through a variety of local community agencies. Dates and times for the classes vary and are available through the Twin Cities metro. If you are using a county or city program for down payment assistance be sure to register for a class that satisfies both the state and local community program guidelines. The nice thing is that you can register for your Home Stretch Workshop on their website.

These down payment assistance programs can be used with the most common types of mortgages. They would normally be used with MN FHA loans to help with the 3.5% down payment. n the other had, if you already have a larger down payment available but need some additional help getting to 20% down to get rid of private mortgage insurance, using a program like this might be right for you. Most down payment assistance programs will work with USDA and VA loans in Minnesota.

Living in Roseville, Minnesota

There are many great reasons to consider living in the City of Roseville. As one of only two cities with contiguous borders to both St. Paul and Minneapolis, residents have a convenient commute to a wide variety of employers. Homeowner’s in Roseville also enjoy some of the lowest property taxes in the area partly due to its commerically-zoned land. Home to the original Target and Best Buy stores, Roseville is a major shopping district and has more restaurants per capita than anywhere else in the Twin Cities. Students in the area attend one of the schools in the Roseville Area Schools system, District 623. If you are thinking of buying or selling Roseville real estate please give me a call or send me an email.

Get Preapproved for Mortgage Financing

The first step in the home buying process is to get prequalified for financing. This simply means that you talk with a local lender who will review your financial situation. In the prequalification application they can tell you what types of MN first time buyer programs you might be qualified for. This important first step can be done right over the phone and most lenders will arrange to talk with you when you’re off work, even in the evenings or weekends.

Como Lake Bed and Breakfast

Uncategorized No Responses »

Jul 212011

If you’re in need of a quick urban getaway, or know someone visiting St. Paul that would enjoy a charming alternative to a routine hotel stay, look no further than Como Lake Bed and Breakfast.

Located in St. Paul’s Como Park, this beautiful 1915-built Craftsman style home is situated on West Como Boulevard, just along the south shore of Como Lake.

Enjoy almost instant access to everything Como Park has to offer: walking and bike trails around Como Lake, the Marjorie McNeely Conservatory, Como Zoo, Como Golf Course, and much more!

For more information or to make reservations, contact your host, Carla Solberg Sherman at 651-487-4929, or by email at: carla@comolakebnb.com

Website: Como Lake Bed and Breakfast

1205 Como Boulevard W, St. Paul, MN 55103

Blaine homes For Sale: Best Ways To Search

Twin Cities Real Estate No Responses »

Jul 212011

There are three ways to find homes for sale in Blaine that I would like to share with you. Since most home buyers start their home search on the internet, I have found that many people miss out on the best ways to search for a home. I would like to talk with you about the pros and cons to each of the methods for finding homes for sale in Blaine.

Finding Blaine homes For Sale On The Web

One of the best ways to begin is to go to my website to search for and find all of the homes for sale that are listed all of the local real estate brokers, with all of the details posted to the MLS. The large national search engines leave out many of the most important details such as property taxes of the home. The issue is that when buying a homes in Blaine the property taxes are one of the largest factors which impact your monthly mortgage payments so why would anyone want to look for Blaine homes on websites that are missing such an important detail? Please take a moment to visit my website and begin your search for Blaine homes listed for sale today.

Search for Blaine homes Via Email

If you are serious about finding a Blaine homes, send me an email and tell me the specifics of the type of property you want. I can create advanced searches that will tell you not only what is available on the market via email, but also what has just become available. My software will instantly notify you with new listings that meet your specific search critieria whenever they become available. Because I need to know the critieria of what you are searching for (for example: 2 bedroom homes in Blaine between $165,000 and $215,000), please send me an email so that we can begin the advanced search process.

A bit of education can go a long way, doesn’t it? If you can get the info about what you need via email such as through my advanced search why wouldn’t you want it? The Guesswork and Luck strategy involves searching for properties the large national websites which don’t contain all the property details. Without utilizing a customized search to finding the listings that you want, I find that far too many home buyers rely on the strategy of Guesswork and Luck offered by the large national websites.

Information About Blaine

When searching for Twin Cities suburban homes, consider the city of Blaine as a great possibility. Just 13 miles from Minneapolis and 20 miles from Saint Paul, Blaine offers all the benefits of a Twin Cities suburb. As a bustling suburb of the Twin Cities, the City of Blaine has doubled its population over the last 3 decades. Mostly located in the County of Anoka, some portions of Blaine can be found in Ramsey county as well. Please take a minute to view this brief video which was produced by the City of Blaine, MN. If you are thinking about buying or selling Blaine, please give me a call or send me an email.

First Step: Get Preapproved

One of the most important factors in searching for a home is to get preapproved for mortgage financing. Many buyers leave this part to the last minute partly because it is the least fun of the whole process. It is very important, especially for the MN first time home buyer to get preapproved for a hoome loan before searching for a home. Please email me and I will help you with getting started in the process with a Minnesota mortgage banker.

Looking For Blaine homes?

Please understand the strategy you are implementing to search for a home which is possibly the biggest investment you will make in your lifetime. I highly encourage home buyers to be proactive and to take control of the stategy for home searches. Please visit my website and find all of the available Blaine.

Here are the most recent homes to hit the MLS in Blaine. For full search of Blaine Homes.

Showing properties 1 - 50 of 164. See more City of Blaine | Houses | Condos | Townhomes .
(all data current as of 5/22/2013)

$119,900 : 11330 Terrace Road NE, Blaine

4 beds, 1 full, 1 part baths

Home size: 1,233 sq ft

Lot size: 10,890 sqft

Year built: 1967

Parking spots: 6

Listed with Re/Max Real Estate Properties
$327,900 : 11458 Arnold Palmer Drive, Blaine

4 beds, 3 full, 1 part baths

Home size: 2,913 sq ft

Lot size: 9,583 sqft

Year built: 2000

Parking spots: 2

Listed with Keller Williams Classic Realty NW
$149,900 : 8516 Goodhue Street NE, Blaine

3 beds, 1 full bath

Home size: 1,012 sq ft

Lot size: 17,859 sqft

Year built: 1951

Parking spots: 1

Listed with Coldwell Banker Burnet
$209,900 : 751 126th Avenue NE, Blaine

4 beds, 2 full baths

Home size: 2,008 sq ft

Lot size: 12,196 sqft

Year built: 1981

Parking spots: 5

Listed with TheMLSonline.com, Inc.
$158,000 : 13010 Lexington Avenue, Blaine

3 beds, 1 full bath

Home size: 1,080 sq ft

Lot size: 5.51 ac

Year built: 1976

Parking spots: 2

Listed with Real Estate Masters, Ltd.
$316,900 : 3312 120th Circle NE, Blaine

3 beds, 2 full, 1 part baths

Home size: 1,991 sq ft

Year built: 2013

Parking spots: 3

Listed with Minnesota Star Realty, Inc.
$220,000 : 4001 97th Lane NE, Blaine

4 beds, 2 full baths

Home size: 1,901 sq ft

Lot size: 20,473 sqft

Year built: 1980

Parking spots: 2

Listed with Keller Williams Classic Realty
$224,999 : 744 99th Lane NE, Blaine

4 beds, 1 full, 1 part baths

Home size: 2,050 sq ft

Lot size: 11,325 sqft

Year built: 1990

Parking spots: 3

Listed with Edina Realty, Inc.
$270,000 : 11465 Hastings Street NE, Blaine

3 beds, 2 full, 1 part baths

Home size: 1,916 sq ft

Lot size: 6,969 sqft

Year built: 2004

Parking spots: 2

Listed with RE/MAX Results
$189,900 : 12530 Madison Street NE, Blaine

3 beds, 1 full, 1 part baths

Home size: 1,370 sq ft

Lot size: 13,939 sqft

Year built: 1981

Parking spots: 2

Listed with RE/MAX Results
$179,000 : 809 Oak Ridge Trail NE, Blaine

3 beds, 1 full, 1 part baths

Home size: 1,650 sq ft

Lot size: 9,147 sqft

Year built: 1970

Parking spots: 2

Listed with Coldwell Banker Burnet
$315,000 : 2313 130th Court NE, Blaine

4 beds, 2 full, 2 part baths

Home size: 3,074 sq ft

Lot size: 12,632 sqft

Year built: 1998

Parking spots: 3

Listed with Stanek Realty, Inc.
$157,900 : 12200 Duke Drive NE, Blaine

2 beds, 1 full, 1 part baths

Home size: 1,774 sq ft

Lot size: 10,890 sqft

Year built: 1970

Parking spots: 2

Listed with Re/Max Real Estate Properties
$229,900 : 12125 Bataan Street NE, Blaine

3 beds, 2 full, 1 part baths

Home size: 1,868 sq ft

Lot size: 6,969 sqft

Year built: 2005

Parking spots: 3

Listed with Edina Realty, Inc.
$275,000 : 12111 Bataan Street NE, Blaine

3 beds, 3 full baths

Home size: 2,106 sq ft

Lot size: 8,276 sqft

Year built: 2004

Parking spots: 3

Listed with Edina Realty, Inc.
$253,500 : 826 102nd Avenue NE, Blaine

3 beds, 1 full, 2 part baths

Home size: 2,166 sq ft

Lot size: 12,632 sqft

Year built: 2002

Parking spots: 4

Listed with Carlson Smith and Company
$194,900 : 8541 Able Street NE, Blaine

5 beds, 1 full, 1 part baths

Home size: 2,124 sq ft

Lot size: 10,454 sqft

Year built: 1958

Parking spots: 3

Listed with MN Real Estate Options
$363,460 : 12508 Zumbrota Street NE, Blaine

4 beds, 2 full, 1 part baths

Home size: 2,487 sq ft

Lot size: 7,840 sqft

Year built: 2011

Parking spots: 3

Listed with Lennar Sales Corp
$374,900 : 11137 Nassau Circle NE, Blaine

4 beds, 2 full, 1 part baths

Home size: 3,296 sq ft

Lot size: 10,890 sqft

Year built: 1999

Parking spots: 3

Listed with Recycle Realty
$124,900 : 11957 7th Street NE, Blaine

3 beds, 1 full, 1 part baths

Home size: 1,746 sq ft

Lot size: 10,890 sqft

Year built: 1968

Parking spots: 2

Listed with The Realty House
$299,900 : 10519 Van Buren Circle NE, Blaine

3 beds, 1 full, 2 part baths

Home size: 1,982 sq ft

Lot size: 15,246 sqft

Year built: 2002

Parking spots: 3

Listed with Geisinger Group, Inc.
$185,000 : 9516 Monroe Street NE, Blaine

3 beds, 1 full, 1 part baths

Home size: 1,524 sq ft

Lot size: 6,534 sqft

Year built: 1983

Parking spots: 2

Listed with C.U.Realty
$239,900 : 1701 124th Avenue NE, Blaine

3 beds, 1 full, 1 part baths

Home size: 2,100 sq ft

Lot size: 10,890 sqft

Year built: 1997

Parking spots: 3

Listed with Prudential Sundial Realty
$469,000 : 2795 105th Avenue NE, Blaine

3 beds, 3 full baths

Home size: 3,714 sq ft

Lot size: 17,424 sqft

Year built: 2006

Parking spots: 6

Listed with Pink/Blue
$259,900 : 11809 Van Buren Street NE, Blaine

3 beds, 3 part baths

Home size: 3,036 sq ft

Lot size: 10,454 sqft

Year built: 1983

Parking spots: 2

Listed with Edina Realty, Inc.
$349,900 : 11005 Nassau Circle NE, Blaine

5 beds, 2 full, 2 part baths

Home size: 3,218 sq ft

Lot size: 9,583 sqft

Year built: 2001

Parking spots: 3

Listed with Edina Realty, Inc.
$149,900 : 1515 131st Lane NE, Blaine

4 beds, 1 full, 1 part baths

Home size: 1,966 sq ft

Lot size: 10,890 sqft

Year built: 1977

Parking spots: 2

Listed with EPIC Realty, Inc
$300,000 : 3901 126th Avenue NE, Blaine

3 beds, 2 full, 1 part baths

Home size: 2,632 sq ft

Lot size: 5.00 ac

Year built: 1989

Parking spots: 2

Listed with Keller Williams Classic Realty
$249,900 : 11832 Van Buren Street NE, Blaine

3 beds, 1 full, 2 part baths

Home size: 2,306 sq ft

Lot size: 11,761 sqft

Year built: 1983

Parking spots: 2

Listed with Edina Realty, Inc.
$309,900 : 12238 Rendova Street NE, Blaine

3 beds, 2 full, 1 part baths

Home size: 1,991 sq ft

Lot size: 9,147 sqft

Year built: 2013

Parking spots: 3

Listed with Minnesota Star Realty, Inc.
$199,900 : 649 118th Avenue NE, Blaine

4 beds, 1 full, 1 part baths

Home size: 1,542 sq ft

Lot size: 13,068 sqft

Year built: 1968

Parking spots: 2

Listed with Edina Realty, Inc.
$365,000 : 2422 Quail Creek Parkway NE, Blaine

4 beds, 3 full baths

Home size: 3,518 sq ft

Lot size: 13,068 sqft

Year built: 2001

Parking spots: 3

Listed with Metrowide Realty
$320,000 : 11638 Eldorado Street NE, Blaine

4 beds, 2 full, 1 part baths

Home size: 2,632 sq ft

Lot size: 9,583 sqft

Year built: 2003

Parking spots: 3

Listed with Edina Realty, Inc.
$210,000 : 13185 Isanti Street NE, Blaine

2 beds, 2 full baths

Home size: 2,188 sq ft

Lot size: 11,761 sqft

Year built: 1991

Parking spots: 2

Listed with REALHome Services and Solutions, Inc
$230,000 : 11373 Tyler Street NE, Blaine

4 beds, 1 full, 1 part baths

Home size: 1,908 sq ft

Lot size: 10,454 sqft

Year built: 1996

Parking spots: 3

Listed with Real Estate Corners, Inc
$424,900 : 2944 128th Lane NE, Blaine

5 beds, 2 full, 2 part baths

Home size: 4,057 sq ft

Lot size: 11,325 sqft

Year built: 2007

Parking spots: 3

Listed with Edina Realty, Inc.
$189,900 : 8761 Cord Street NE, Blaine

4 beds, 1 full, 1 part baths

Home size: 1,629 sq ft

Lot size: 14,374 sqft

Year built: 1978

Parking spots: 2

Listed with Edina Realty, Inc.
$264,900 : 951 92nd Avenue NE, Blaine

4 beds, 1 full, 3 part baths

Home size: 3,066 sq ft

Lot size: 20,908 sqft

Year built: 1983

Parking spots: 3

Listed with Re/Max Real Estate Properties
$624,900 : 2837 Aspen Lake Drive NE, Blaine

3 beds, 2 full, 1 part baths

Home size: 3,360 sq ft

Lot size: 12,196 sqft

Year built: 2004

Parking spots: 3

Listed with RE/MAX Results
$189,900 : 11011 Jefferson Street NE, Blaine

3 beds, 1 full, 2 part baths

Home size: 1,920 sq ft

Lot size: 10,018 sqft

Year built: 1963

Parking spots: 2

Listed with Edina Realty, Inc.
$449,900 : 3001 Rodeo Drive NE, Blaine

4 beds, 4 full, 1 part baths

Home size: 3,904 sq ft

Lot size: 2.40 ac

Year built: 1987

Parking spots: 3

Listed with Keller Williams Premier Realty
$129,900 : 9066 Taylor Street NE, Blaine

3 beds, 1 full, 1 part baths

Home size: 1,880 sq ft

Lot size: 11,761 sqft

Year built: 1954

Parking spots: 1

Listed with Keller Williams Premier Realty
$399,900 : 2607 Tournament Players Circle N, Blaine

4 beds, 2 full, 1 part baths

Home size: 2,562 sq ft

Lot size: 20,473 sqft

Year built: 2013

Parking spots: 3

Listed with Keller Williams Classic Realty
$199,900 : 9120 Jackson Circle NE, Blaine

3 beds, 1 full, 1 part baths

Home size: 1,696 sq ft

Lot size: 28,314 sqft

Year built: 1981

Parking spots: 2

Listed with Re/Max Real Estate Properties
$170,000 : 709 127th Lane NE, Blaine

3 beds, 1 full, 1 part baths

Home size: 1,916 sq ft

Year built: 1975

Parking spots: 2

Listed with TheMLSonline.com, Inc.
$167,900 : 12748 Taylor Street NE, Blaine

4 beds, 1 full, 1 part baths

Home size: 2,134 sq ft

Lot size: 10,018 sqft

Year built: 1988

Parking spots: 2

Listed with Re/Max Real Estate Properties
$215,000 : 651 Clover Leaf Parkway, Blaine

4 beds, 1 full, 1 part baths

Home size: 1,752 sq ft

Lot size: 6,534 sqft

Year built: 1983

Parking spots: 2

Listed with Keller Williams Classic Realty
$147,900 : 10730 Stutz Street NE, Blaine

3 beds, 1 full bath

Home size: 1,114 sq ft

Lot size: 15,681 sqft

Year built: 1952

Parking spots: 2

Listed with Edina Realty, Inc.
$399,900 : 11771 Woodland Parkway NE, Blaine

4 beds, 2 full, 1 part baths

Home size: 2,520 sq ft

Lot size: 16,988 sqft

Year built: 2013

Parking spots: 3

Listed with Edina Realty, Inc.
$174,900 : 219 111th Avenue NE, Blaine

4 beds, 1 full bath

Home size: 1,782 sq ft

Lot size: 10,018 sqft

Year built: 1962

Parking spots: 2

Listed with Twin Cities Real Estate

Listing information deemed reliable but not guaranteed. Read full disclaimer.

New PRE-MLS Home for Sale. 1769 Birmingham, Maplewood

Pre-MLS No Responses »

Jul 202011

Not even on the MLS yet! Be the first to see this home before the rest of the other BUYERS! Custom-Built Stucco Rambler - Gorgeous Oak Cabinets, Gleaming Hardwood Floors in Fantastic Neighborhood!

1769 Birmingham

Maplewood, MN 55109

3 Bedroom

1 Bathroom

2 Car Garage

2,000+ Finished Sq. Ft.

*CALL SHAWN HARTMANN for MORE INFO or for PRIVATE SHOWING:

651-468-9099

Falcon Heights Foreclosures: How To Get A Great Value

Falcon Heights Homes No Responses »

Jul 202011

Looking To Buy Falcon Heights Foreclosures?

Are you thinking about buying one of the foreclosures in Falcon Heights? Whether you own a home now or are a Minnesota first time buyer, you will want to learn the basics of Falcon Heights foreclosures before going out to buy. While there are many great values in Falcon Heights foreclosures you will want to be prepared for how to negotiate your purchase transaction.

Living in Falcon Heights, MN

The City of Falcon Heights is located just north of St. Paul in Ramsey County. Known as the home of the Minnesota State Fair, the city of Falcon Heights is also considered the best educated city in Minnesota with over 70% of its residents with bachelor’s degrees. Minnesota first time home buyers may benefit from Ramsey County’s First Home down payment assistance program, ideal for the MN first time home buyer. With easy access to downtown St. Paul Falcon Heights has access to a wide variety of cultural activities. If you are planning on buying Falcon Heights foreclosures please take a moment to send me an email or give me a call!

Knowing What To Offer On A Foreclosure

A foreclosure can be a great value because as an REO (real-estate-owned), the bank is responsible for paying all the maintenance costs. As opposed to a property offered as a short sale, the selling bank has a major motivation to get the property off of their books. At the same time, banks who are selling a foreclosure want to maximize the amount they get out of the property. In the lower price ranges it has turned into a sellers market meaning that many foreclosures sell for well above the listing price! Knowing what to offer for the foreclosure is critical in terms of being successful with your purchase.

Factors in Buying Foreclosures

There are two big factors to consider when determining how much to offer. The first thing is to consider how long the property has been listed on the market and the second is the general property condition. A foreclosure listing that has just been listed for sale is apt to sell for near the listing price (or even higher), while a bank that has a house that has been on the market a long time might be willing to negotiate for deeper discounts. Also, a listing that is in poor overall condition may not be able to be financed so the bank may have to reduce the price far enough to attract cash buyers. I can help you work through these factors as we search for foreclosures.

If you are planning on financing the purchase of a foreclosure there are some important things to know as well. First, the property must be in acceptable condition n order to qualify for most mortgage loans. Properties in generally poor condition will either require special financing such as FHA 203k or a cash offer. Selling banks will also tend to limit the amount seller paid concessions towards the closing costs of your home loan. In most cases the selling bank will limit their contribution to 3 per cent of the selling price, or 2 per cent if you are an investor. Additionally, a selling bank will never look at your offer if it includes a financing contingency for the sale of a home and never if you do not provide a letter of financing preapproval along with your offer.

MN First Time Buyers First Step

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

If you are thinking of buying a foreclosure please send me an email or give me a call. There are many great Falcon Heights foreclosure values out there but knowing which one takes some time and expertise. I would value the opportunity to help you in your search for the ideal house!

Current foreclosures and other homes in Falcon Heights, MN -

Showing properties 1 - 17 of 17. See more City of Falcon Heights | Houses | Condos | Townhomes .
(all data current as of 5/22/2013)

$369,877 : 1859 Arona Street, Falcon Heights

3 beds, 1 full, 2 part baths

Home size: 1,928 sq ft

Year built: 1941

Parking spots: 2

Listed with eGreen Realty & Property Management
$299,900 : 1709 Hamline Avenue N, Falcon Heights

4 beds, 1 full, 1 part baths

Home size: 2,549 sq ft

Lot size: 18,730 sqft

Year built: 1926

Parking spots: 2

Listed with Incentive Realty
$259,000 : 1782 Holton Street, Falcon Heights

3 beds, 1 full, 1 part baths

Home size: 1,639 sq ft

Lot size: 8,276 sqft

Year built: 1949

Parking spots: 1

Listed with Edina Realty, Inc.
$269,900 : 1805 Tatum Street, Falcon Heights

3 beds, 1 full, 1 part baths

Home size: 2,050 sq ft

Lot size: 9,583 sqft

Year built: 1941

Parking spots: 1

Listed with Coldwell Banker Burnet
$185,000 : 1396 Larpenteur Avenue W, Falcon Heights

2 beds, 1 full, 1 part baths

Home size: 1,630 sq ft

Lot size: 6,969 sqft

Year built: 1948

Parking spots: 2

Listed with RE/MAX Results
$225,000 : 1669 Arona Street ,Unit 1, Falcon Heights

3 beds, 2 full, 1 part baths

Home size: 1,530 sq ft

Lot size: 2,613 sqft

Year built: 2006

Parking spots: 2

Listed with Keller Williams Integrity
$259,900 : 1493 Iowa Avenue W, Falcon Heights

2 beds, 1 full, 1 part baths

Home size: 1,952 sq ft

Lot size: 6,098 sqft

Year built: 1941

Parking spots: 2

Listed with RE/MAX Results
$349,000 : 1724 Albert Street N, Falcon Heights

4 beds, 1 full, 1 part baths

Home size: 2,494 sq ft

Lot size: 18,730 sqft

Year built: 1930

Parking spots: 2

Listed with RE/MAX Results
$170,000 : 1365 Iowa Avenue W, Falcon Heights

3 beds, 1 full, 1 part baths

Home size: 1,614 sq ft

Lot size: 6,969 sqft

Year built: 1937

Parking spots: 4

Listed with Select Assoc. Realty
$224,900 : 1666 Coffman Street ,Unit 221, Falcon Heights

2 beds, 1 full, 1 part baths

Home size: 1,176 sq ft

Lot size: 1,306 sqft

Year built: 1985

Parking spots: 1

Listed with RE/MAX Results
$139,900 : 1627 Hollywood Court, Falcon Heights

2 beds, 1 full bath

Home size: 1,457 sq ft

Lot size: 7,405 sqft

Year built: 1950

Parking spots: 2

Listed with Edina Realty, Inc.
$184,900 : 1899 Pascal Street, Falcon Heights

2 beds, 1 full, 1 part baths

Home size: 1,388 sq ft

Lot size: 10,018 sqft

Year built: 1950

Parking spots: 1

Listed with Counselor Realty, Inc.
$189,900 : 1666 Coffman Street ,Unit 316, Falcon Heights

2 beds, 1 full, 1 part baths

Home size: 1,090 sq ft

Lot size: 1,306 sqft

Year built: 1985

Parking spots: 1

Listed with RE/MAX Results
$550,000 : 1570 Vincent Street, Falcon Heights

4 beds, 1 full, 1 part baths

Home size: 1,968 sq ft

Lot size: 7,405 sqft

Year built: 1931

Parking spots: 1

Listed with Edina Realty, Inc.
$110,000 : 1666 Coffman Street ,Unit 209, Falcon Heights

1 bed, 1 full bath

Home size: 600 sq ft

Lot size: 435 sqft

Year built: 1985

Parking spots: 1

Listed with Premier Real Estate
$399,900 : 1856 Asbury Street, Falcon Heights

5 beds, 1 full, 2 part baths

Home size: 3,725 sq ft

Lot size: 11,761 sqft

Year built: 1940

Parking spots: 1

Listed with Edina Realty, Inc.
$219,900 : 1661 Arona Street ,Unit 3, Falcon Heights

3 beds, 2 full, 1 part baths

Home size: 1,490 sq ft

Lot size: 2,613 sqft

Year built: 2006

Parking spots: 2

Listed with Edina Realty, Inc.