New Listing!

4872 Hillvale Avenue North
Oakdale, MN 55128

PRICE:
$325,000

Check out this beautiful home in Oakdale! This home features spacious open floor plan with vaulted ceilings, hardwood floors, and fireplace with stone surround. Enjoy the great deck and patio for views of wildlife and quiet pond!

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Virtual Tour: http://www.realestateshows.com/show.php?mls=strict&id=741996 

For more property information, visit this link:

http://www.ericksonteamhomesearch.com/listing/mlsid/152/propertyid/4539771/

For any questions regarding this property call us at 651-269-3487, or feel free to email us at Sandy@SandyErickson.com

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How Much of a Down Payment Should I Have to Buy a Home?

When you think of purchasing a house, the number one challenge most potential homebuyers have to think about is their down payment. Homebuyers are typically required to contribute a down payment equal to 3-20% of the sales price of the home. Low down payment options are real and they represent a significant portion of today’s purchases. However, even if you can get a low down payment loan, is it a good idea? Not necessarily. Let’s see the difference between putting a 20% down payment to having a low down payment.

  • The larger your down payment, the less you have to borrow, and therefore, the lower your monthly payments. You pay less over the life of the loan.
  • If you have a very small down payment, you will be eligible for fewer types of mortgages and may be charged a higher interest rate.
  • For any down payments less than 20%, you will be asked to pay Private Mortgage Insurance. This insurance safeguards the lender should the borrower be unable to keep up the monthly mortgage payments, resulting in less of a financial loss to themselves.
  • The bigger the down payment builds an instant equity the property when you purchase it, which safeguards you if the market turns down temporarily.

So having presented with these, the down payment also acts as a reality check: if you haven’t been able to save for even a minimal 3% amount for down payment, you should ask whether you are financially ready to buy a house. Education is the key. Knowing more how down payments are determined and knowing all your options can save you from a lot of stress and debts in the future. Be sure you are ready and financially secure before you dive into purchasing a home.

Do you want to learn more about preparing your finances to purchase a home? Or do you want to know how much you would qualify for TODAY? We partner with a wonderful lender who can provide information to you in a no-pressure environment! Just send us an email or give us a call so we can introduce you!

Sandy Erickson Real Estate Team of Keller Williams Realty
Direct: 651-269-3487
Email: Sandy@SandyErickson.com
Website: http://www.ericksonteamhomesearch.com

Foreclosures & Short Sales in Lino Lakes & Circle Pines!

As a team part of our favorite cities to work in are Lino Lakes and Circle Pines in Minnesota. Both cities are located in Anoka County, and are located north of Minneapolis and St. Paul.

Attached is a list of foreclosures and short sales in these two cities!

http://www.ericksonteamhomesearch.com/listings/areas/33717,123294/minprice/150000/maxprice/250000/propertytype/SINGLE,CONDO,MULTI,LAND,FARM/listingtype/Foreclosure+Bank+Owned,Short+Sale/

If you have any questions about any of these properties, please feel free to contact us:

Sandy Erickson of Keller Williams Realty
Direct: 651-269-3487
Sandy@sandyerickson.
www.ericksonteamhomesearch.com

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Are Open Houses Really Beneficial?

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When someone decides to sell their property, what is the best avenue to take to have their home sell fast? In today’s market most buyers are using the internet to look for houses themselves before contacting an agent to represent them. Much has been said and written about selling homes through open houses. Who benefits more from this…the seller or the agent? The answer is nuanced.

Open Houses have become a never-ending debate, to whether or not they provide value to both the buyer and the seller. Some see the open house as an outdated form of marketing, while others are coming up with unique and fun ways to still incorporate open houses. We will run through pros and cons of open houses, as well as provide some fun and unique ways to host an open house!

BENEFITS:

  • It Provides Exposure. Open Houses help market the property and pull in viewers. Though it may not always yield a buyer, it may increase foot traffic and feedback on what to improve in your house. While the chances of getting a serious buyer is rather slim, an open house will draw in people especially if your property is priced correctly!
  • Draw in Potential Buyers. An open house gives potential buyers the opportunity to check the neighborhood, walk through the house and envision themselves living in the home.  There is just nothing like seeing the home in person! – Although many buyers start their search online, pictures can only do so much justice.

DRAWBACKS:

  • Risk of Theft. Leaving your home open for strangers carries security risks. While the majority of visitors are there most likely to view your property, some may be there for nefarious reasons. Keep in mind that hosting an open house is an open invitation to anyone to enter your home. Make sure when you hire a realtor, you know that you can trust them to keep an open eye at your open houses for suspicious behavior.
  • Attracts NOSY Neighbors. Since open houses are open to anyone, this serves like a beacon to your lovely, nosy neighbors curious about your home that just want to see how your house looks on the inside and gossip about it to their friends. But, actually.
  • Rarely Produce an Offer. Many brokers or even homeowners will agree that open houses aren’t the best way to sell your property. The numbers of houses sold as a result of an open house is staggeringly low. Open houses spark curiosity in potential buyers but it is rare for someone to come look at the home and place an offer to purchase. After all, home buying is a very serious decision homeowner’s make.

IDEAS & TIPS FOR AN OPEN HOUSE:

  • Promote Your Open House. Make sure you find a realtor who will promote your open house. The open house should be posted all over the web- the MLS, Trulia, Zillow, Realtor.com, and all of the realtor’s personal and business websites. If they incorporate social media into their business plan, I would make sure the open house is on there as well. Our team makes sure to incorporate open houses on all social media platforms in a fun way!
    Open House Email Examples
    Open House Email Examples

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  • Signs, Signs & More Signs. Although many realtors focus on web strategies, make sure some of the “outdated” techniques are still incorporated. However, instead of a few signs on the corner, add LOTS of signs. Most realtors will use a mix of signs- specialty signs, company signs, and just plain open house signs. Some signs offer “fresh-brewed coffee” or “an area list of foreclosures”. Many realtors will put up 20-40 signs for 1 open house!
  • Add a Personal Touch. Ask your realtor if they bring anything special to an open house. We’ve all attended open houses where you walk up to the door, and the agent is on the laptop, or watching TV. See if they bring some food or drink to the open house. Lots of agents may bake fresh cookies in the oven to create a pleasing aroma and treat, or brew coffee!

Feel free to contact our team to talk about the pros and cons of an open house for your specific property. The effectiveness of an open house can vary greatly by the style of your home and the location of your home. What will be the most effective avenue to sell your property for top dollar, in the shortest amount of time?

Sandy Erickson Real Estate Team of Keller Williams Realty
Serving the Twin Cities Area 

Direct: 651-269-3487
Email: Sandy@SandyErickson.com
Website: www.ericksonteamhomesearch.com