Knowing What To Offer On A Foreclosure
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 property offered as a short sale, the selling bank has a big motivation to get the listing off of their books. At the same time, banks who are involved in 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.
One thing you should know is that bank-owned properties will almost always limit how much they will pay towards the buyer’s closing costs. If you buy a traditional sale we can usually negotiate for the seller to pay all of your costs. With either a foreclosure or a short sale however you will generally need to cover some of the costs on your own. If you qualify for a Minnesota down payment assistance programs this can be used to offset some of the remaining closing costs on bank owned properties.
Are you thinking about buying a home soon? In order to get prepared you should get preapproved for a home loan. Once you have done so we can focus our searches on properties that you feel you can afford comfortably. I work with all types of home buyers throughout the Twin Cities area and would I would like the opportunity to talk with you. Please contact me and we can get started.
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 430.
See more High End Foreclosures ($300+).
(all data current as of
5/19/2012)
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$336,900 : 21396 Cr-20, Pelican Rapids2 beds, 1 full bath
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$979,000 : 4531 Island View Drive, Mound5 beds, 4 full, 1 part baths
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$619,000 : 2429 Woodbridge Road, Minnetonka Beach3 beds, 2 full, 1 part baths
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$499,900 : 15555 Brockton Lane N, Dayton4 beds, 2 full, 2 part baths
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$429,900 : 18330 Gladstone Boulevard N, Maple Grove4 beds, 2 full, 2 part baths
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$425,000 : 9320 Inverness Lane NW, Ramsey4 beds, 2 full, 2 part baths
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$399,900 : 10970 Amen Court NE, Blaine3 beds, 2 full, 1 part baths
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$389,000 : 1475 Hunter Drive, Medina3 beds, 2 full, 1 part baths
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$347,900 : 4720 170th Street N, Hugo3 beds, 1 full, 2 part baths
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$341,000 : 11222 Kenworth Lane, Lakeville6 beds, 3 full, 1 part baths
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$325,000 : 13720 Greenwood Trail N, West Lakeland Twp5 beds, 2 full, 1 part baths
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$324,900 : 9660 Vagabond Lane N, Maple Grove4 beds, 1 full, 3 part baths
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$599,000 : 1759 Silver Cliff Ln, Two Harbors2 beds, 2 full, 1 part baths
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$397,900 : 2075 Deer Trail Lane NE, Owatonna4 beds, 2 full, 2 part baths
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$339,850 : 11544 Yancy Court NE, Blaine6 beds, 2 full, 3 part baths
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$316,000 : MLS # 4154046 in Inver Grove Heights4 beds, 2 full, 1 part baths
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$309,900 : 11761 Arnold Palmer Court, Blaine5 beds, 2 full, 2 part baths
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$549,500 : 7726 100th Street NW, Pine Island4 beds, 3 full baths
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$324,900 : 2320 Arnold Palmer Drive, Blaine3 beds, 1 full, 2 part baths
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$349,900 : 827 Riverbluff Road SE, Mazeppa4 beds, 3 full baths
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$485,000 : 11110 Sweetwater Path, Woodbury5 beds, 3 full, 1 part baths
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$389,900 : 2544 Birch Point Road, Greenwood Twp3 beds, 2 part baths
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$339,900 : 24170 Feller Avenue NE, Stacy4 beds, 2 full, 2 part baths
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$331,900 : 9245 Stanton Boulevard, Northfield4 beds, 2 full, 1 part baths
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$318,900 : 1317 130th Lane NW, Coon Rapids4 beds, 2 full, 2 part baths
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$310,000 : 10114 Georgia Avenue N, Brooklyn Park4 beds, 2 full, 2 part baths
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$599,000 : 473 Willoughby Way E, Minnetonka3 beds, 2 full, 1 part baths
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$414,900 : 2831 Pine View Drive NW, Prior Lake4 beds, 2 full, 2 part baths
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$349,900 : 2630 Major Avenue N, Golden Valley4 beds, 1 full, 2 part baths
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$325,000 : 2831 White Eagle Drive, Woodbury3 beds, 2 full, 1 part baths
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$525,000 : 871 Crofoot Avenue SW, Marysville Twp4 beds, 2 full, 2 part baths
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$700,000 : 5743 Long Brake Circle, Edina4 beds, 2 full, 2 part baths
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$429,900 : 18109 70th Place N, Maple Grove5 beds, 3 full, 1 part baths
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$399,900 : 2309 River Pointe Circle, Minneapolis2 beds, 2 full, 2 part baths
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$309,900 : 18124 89th Place N, Maple Grove5 beds, 2 full, 2 part baths
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$322,000 : 20568 Hartford Way, Lakeville4 beds, 2 full, 1 part baths
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$314,900 : 12180 Square Lake Trail Court N, May Twp4 beds, 3 full, 1 part baths
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$589,000 : 2548 Avon Drive, Mound4 beds, 2 full, 1 part baths
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$359,900 : 2545 62nd Street E, Inver Grove Heights6 beds, 2 full, 3 part baths
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$349,900 : 18151 87th Place N, Maple Grove5 beds, 2 full, 2 part baths
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$599,900 : 11490 Kingsborough Trail, Cottage Grove5 beds, 3 full, 2 part baths
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$469,900 : 12935 Vermillion Court NE, Blaine6 beds, 2 full, 3 part baths
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$310,000 : 21001 Olive Street NW, Oak Grove4 beds, 3 full baths
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$449,000 : 5067 Lyndale Avenue S, Minneapolis5 beds, 1 full, 2 part baths
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$624,900 : 2830 Inglewood Avenue S, St. Louis Park6 beds, 4 full, 1 part baths
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$599,900 : 19509 530th Lane, Turner Twp3 beds, 2 full, 1 part baths
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$535,000 : 2849 Mayfield Road, Minnetonka5 beds, 2 full, 2 part baths
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$425,000 : 22935 Woodland Road, New Market Twp5 beds, 2 full, 2 part baths
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$344,900 : 26075 Shorewood Oaks Drive, Shorewood4 beds, 2 full, 2 part baths
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$535,900 : 66 Valhalla Road, Slayton4 beds, 4 full baths
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.
