Looking To Buy Como Park Foreclosures?
Are you looking to buy one of the foreclosures in Como Park? Whether you own your own home now or are a MN first time home buyer, you should learn the basics before going out to buy. While there are many great values in Como Park foreclosures you will want to be prepared for how to negotiate your offer.
Como Park Information
The Como Park neighborhood is situated in the northwestern part of Saint Paul along the northern city limits. It is bounded by the cities of Roseville and Falcon Heights on the west and north. Nearly 2 million visitors are attracted to the Como Zoo and Conservatory every year. With a variety of affordable Como Park homes for sale, this is a great location for Minnesota first time home buyers.
Foreclosures are Bank-Owned
A bank-owned foreclosure can be a great deal sometimes because the bank owns it and is paying for the maintenance of it. As opposed to a short sale, the selling bank has a big motivation to get the listing off of their books. Since there are many buyers in competition with you, you might be surprised at what you will need to offer in order to get 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 2 major factors to consider what you will make as an offer. 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 (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 home that is in poor condition may not be able to be financed so the bank may reduce the price far enough to attract cash buyers. I can help you determine these factors as we go out looking for Como Park foreclosures.
Foreclosures and Financing
If you are going to be financing the purchase of a foreclosure there are some critcal things to know. First, the property must be in acceptable condition in order to qualify for most loan programs. Properties that are in poor condition will either require a cash offer or special financing such as FHA 203k. 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. Finally a selling bank will never look at your offer if it includes a financing contingency and if you don’t provide a preapproval letter along with the offer.
The First Step: Get Preapproved!
For many MN first time buyers the intimidating question is where do I start? Your very first step to home ownership is to get prequalified for a home loan. In so doing you will find out how much you are qualified for so that we can research homes in a price range with comfortable payments for you.
If you are planning on buying a Como Park foreclosure please give me a call or send me an email. There are many great Como Park foreclosure values out there but knowing which one takes some time and expertise. I would very much like to help you in your search for the ideal house!
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
Showing properties
1 - 50 of 80.
See more 744 - Como.
(all data current as of
5/19/2012)
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$224,900 : 1598 Fernwood Street, St. Paul4 beds, 1 full, 1 part baths
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$164,500 : 800 Lakeview Avenue, St. Paul2 beds, 1 full, 1 part baths
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$260,000 : 1656 Mackubin Street, St. Paul2 beds, 1 full, 2 part baths
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$154,900 : 1475 Mackubin Street, St. Paul3 beds, 1 full, 1 part baths
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$399,900 : 1072 Mary Lane, St. Paul4 beds, 2 full baths
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$250,000 : 1277 Avon Street N, St. Paul3 beds, 1 full, 1 part baths
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$238,000 : 748 Idaho Avenue W, St. Paul3 beds, 1 full, 1 part baths
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$129,900 : 1326 Hubbard Avenue, St. Paul2 beds, 1 full, 1 part baths
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$175,000 : 1647 Alameda Street, St. Paul3 beds, 1 full bath
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$155,000 : 818 Aldine Street, St. Paul3 beds, 2 part baths
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$155,000 : 1033 Colne Street, St. Paul2 beds, 1 full bath
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$84,900 : 1392 Carling Drive ,Unit 107, St. Paul1 bed, 1 full bath
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$197,500 : 871 Hoyt Avenue W, St. Paul4 beds, 1 full, 1 part baths
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$235,000 : 1408 Albany Avenue, St. Paul3 beds, 1 full, 1 part baths
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$149,900 : 1040 Hubbard Avenue, St. Paul4 beds, 1 full, 1 part baths
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$159,900 : 1395 Taylor Avenue W, St. Paul4 beds, 1 full, 1 part baths
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$147,900 : 1075 Avon Street N, St. Paul3 beds, 1 full bath
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$145,600 : 1487 Huron Street, St. Paul3 beds, 2 full baths
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$120,000 : 1603 Fernwood Street, St. Paul3 beds, 1 full bath
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$239,900 : 771 Hoyt Avenue W, St. Paul3 beds, 1 full, 1 part baths
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$169,900 : 1263 Hewitt Avenue, St. Paul3 beds, 1 full bath
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$399,900 : 1485 Hoyt Avenue W, Falcon Heights5 beds, 2 full, 2 part baths
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$274,900 : 1502 Arona Street, St. Paul4 beds, 1 full, 2 part baths
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$235,000 : 1131 Hoyt Avenue W, St. Paul3 beds, 1 full bath
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$128,500 : 1598 Hollywood Court, Falcon Heights2 beds, 2 part baths
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$74,900 : 1020 Hubbard Avenue, St. Paul2 beds, 1 full bath
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$225,000 : 1255 Victoria Street N, St. Paul4 beds, 1 full, 1 part baths
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$131,000 : 1291 Idaho Avenue W, St. Paul3 beds, 1 full bath
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$35,900 : 584 Lawson Avenue W, St. Paul3 beds, 1 full, 1 part baths
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$219,900 : 984 Iowa Avenue W, St. Paul4 beds, 1 full, 1 part baths
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$245,000 : 1028 Montana Avenue W, St. Paul4 beds, 1 full, 1 part baths
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$94,900 : 1027 Kent Street, St. Paul2 beds, 1 full, 1 part baths
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$89,000 : 1628 Breda Avenue, St. Paul2 beds, 1 full bath
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$134,900 : 999 Victoria Street N, St. Paul3 beds, 1 full bath
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$97,000 : 1056 Avon Street N, St. Paul3 beds, 1 full bath
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$220,000 : 1449 Hewitt Avenue, St. Paul2 beds, 1 full bath
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$97,500 : 1472 Cohansey Street, St. Paul2 beds, 1 full bath
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$189,900 : 983 Oxford Street N, St. Paul3 beds, 1 full, 1 part baths
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$134,900 : 1005 Stinson Street, St. Paul3 beds, 1 full bath
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$210,000 : 1059 California Avenue W, St. Paul3 beds, 1 full, 2 part baths
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$57,900 : 1579 Dale Street N, St. Paul2 beds, 1 full bath
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$49,900 : 1573 Arundel, #203 Street, St. Paul2 beds, 1 full bath
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$199,900 : 520 Arlington Avenue W, St. Paul4 beds, 1 full, 1 part baths
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$294,500 : 1462 Chelsea Street, St. Paul3 beds, 1 full, 1 part baths
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$134,900 : 1221 Danforth Street, St. Paul3 beds, 1 full, 1 part baths
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$195,900 : 806 Idaho Avenue W, St. Paul3 beds, 2 full baths
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$239,900 : 829 Montana Avenue W, St. Paul3 beds, 1 full, 1 part baths
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$164,900 : 1023 Avon Street N, St. Paul3 beds, 1 full, 1 part baths
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$189,900 : 839 California Avenue W, St. Paul4 beds, 1 full, 1 part baths
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$50,000 : 1207 Hewitt Avenue ,Unit 7, St. Paul2 beds, 1 full bath
Listing information deemed reliable but not guaranteed. Read full disclaimer.
Travis Olson
Travis Olson graduated with a Bachelor of Science degree from Mankato State University. Travis began his Real Estate career in 2005 and with innovation of cutting edge systems and business models has become a valued resource for Keller Williams Realty.
