Perhaps it has never been more important to use a Inver Grove Heights real estate agent who studies recent trends in Twin Cities market values. When we visit your home to complete a market analysis, we will compare your home to all of the recent sales in your neighborhood. We will need to look at all of the homes for sold within the past few months to analyze what the actual sales prices have been. In so doing we can estimate what type of price a home buyer might pay for your house within a reasonable period of time.
One of the challenges for many sellers today is in trying to get enough for their house to pay off the current mortgage on their home. If a seller owes more on their mortgages than what the can sell it for we will either need to talk about paying the mortgages down, attempting a short sale, or listing the current home for rent and in order to move to another home. With the rapidly rising rents in today's market home sellers are often finding that they can cover all of the resulting expenses for the house through their renter's income.
Lenders have guidelines for the Inver Grove Heights sellers who have decided rent out their home in order to buy another. Depending on the equity that you have in your home, a mortgage lender may or may not consider the rental income you receive when they qualify you for the new mortgage. The only way to know this is to call a lender to get preapproved.
Once we have a chance to meet to discuss the value of your current home it is important that you go through the process of getting preapproved for mortgage financing on another home. Your mortgage broker can help you decide whether you should rent out or sell your current house. The process of getting preapproved is free, and if you decide not to proceed, there is no obligation to borrow money. A good mortgage banker will be able to analyze all of the options available to you such as MN FHA loans, Conventional, VA, or other types of mortgage loans.
If you are looking for a home with a short commute to downtown St. Paul, you will want to include Inver Grove Heights in that search. Conveniently located in the northern section of Dakota County, Inver Grove Heights is just a short commute to downtown St. Paul. Schools in Inver Grove Heights include Simley High, Inver Grove Heights Middle School, Salem Elementary, Pine Bend Elementary, and Hilltop Elementary. MN first time home buyers may find Inver Grove Heights particularly affordable if they qualify for the Dakota County First Time Buyers program. Whether or you’re an experienced home buyer or buying for the first time the community of Inver Grove Heights has a great deal to offer you.
If you think you want to learn more about the process of selling your Inver Grove Heights home call me. I will work with you to complete a competitive market analysis for free. We will discuss your options available in the market today. Feel free to send me an email or call me.
Sales Executive, Licensed Realtor in Minnesota
Woodbury, MN 55125
With a focus on Woodbury real estate and surrounding communities.