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Joe Scherer's Blog

By Joseph Scherer | Agent in Dakota County, MN
  • Mounds View Townhomes For Sale: Pros and Cons

    Posted Under: Home Buying in Mounds View, Home Selling in Mounds View, Financing in Mounds View  |  November 23, 2011 7:53 AM  |  1,124 views  |  No comments

    Mounds View townhomes for sale

    As you begin your property search for Mounds View townhomes for sale, you should be aware of the both the benefits and challenges of townhome living. Millions of homeowners enjoy the benefits of living in townhomes and it just might be a perfect solution for you as well. As with any type of Minnesota real estate purchase it’s important that you understand the pros and cons of the home style that you purchase before signing the purchase agreement.

    Mounds View townhomes for sale are quite often priced more favorably than traditional single family housing due in part to the use shared walls and common areas. The townhome association to which you will be required to belong is responsible for upkeep of these common areas as well as some of the exterior maintenance of your home as well. This can make buying a Mounds View townhome especially appealing to busy first time home buyers as well as to retirees who prefer not to deal with that type of upkeep.

    Mounds View Townhome Association Dues

    This does not mean that the maintenance of the home is free, of course. As part of your financial responsibility for owning a Mounds View townhome you will be required to pay a monthly association fee. This monthly fee covers a number of things but as to what it covers can vary from one Mounds View townhomes for sale association to the next. While your monthly association dues might include insurance coverage for your dwelling in one homeowner's association, you might have to pay that on your own in another. It is important to review this information before you sign a purchase agreement to buy a Mounds View townhome as your monthly costs could vary significantly depending upon the association.

    Mounds View Community Info

    Mounds View, MN is a convenient northern suburb located just north of Minneapolis and St. Paul. With a population of just over 12,000, Mounds View residents enjoy the benefits of a small town despite their location near the central metro. Located in Ramsey County, first time home buyers may want to check out the Ramsey County First Home program with down payment assistance of up to $10,000. If you are looking to buy or sell a home in Mounds View, please don't hestitate giving me a call.

    You should also know that in most associations the interior contents of your home will not be covered by the association insurance. All this means is that you will need your own separate policy for the interior contents of your Mounds View townhome, which is an additional annual fee to your insurance company. If you need mortgage for your Mounds View townhome your mortgage lender will require that you buy and maintain this type of insurance for your home.

    Mounds View townhomes for sale: The Pros

    • Lower maintenance lifestyle
    • Less expensively priced housing
    • Shared amenities such as recreational areas l
    • Often a small back yard
    • No neighbors located below or above as is common in condos
    Mounds View townhomes for sale: The Cons
    • Monthly association fees
    • Smallish yards
    • Shared walls can result in hearing noise from neighbors
    First Step: Get Preapproved

    The first step in the home buying process is to get preapproved for mortgage financing. This simply means that you talk with a local lender who will review your financial situation. In this discussion they can tell you what types of MN first time buyer programs you might be qualified for. This first step can usually be done right over the telephone and most lenders will even do this with you when you are off from work.

    Joe Scherer
    Sales Executive, Licensed Realtor in Minnesota 
    Century 21 Premier Group 
    jscherer1111@gmail.com 
    Cell 612-991-6365 
    1660 S. Highway 100, Suite #578
    Parkdale Plaza
    St. Louis Park, MN  55416
    With a focus on Twin Cities real estate and surrounding communities.
    http://joescherer.21homesearch.com

  • Mounds View Rental homes: Is It Better To Buy or Rent?

    Posted Under: Home Buying in Mounds View, Financing in Mounds View, Rent vs Buy in Mounds View  |  November 16, 2011 4:54 AM  |  1,033 views  |  No comments

    Mounds View Rental homes: Should I Rent One Or Buy?

    If you are looking for Mounds View rental homes, let’s pause for a minute and consider the difference between renting homes versus buying. Since it is more expensive today to rent homes than to buy one isn’t it at least worth it to consider saving some money by buying a home?

    Mounds View rental homes, of course, typically have the advantage that you can get be released of a lease arrangement in about one year's time. This advantage comes at a cost, however, , in that your rental payments will often exceed those of a house payment. Additionally the security deposit may well be in excess of the necessary down payment cost required for buying a home after considering all of the down payment assistance programs available. Finally, perhaps the real cost in renting is the fact that you are helping someone else buy their home with your rental payments helping make THEIR house payments.

    The advantages may certainly be worth it, despite the high cost of renting, to rent if you have plans on moving again at the end of your lease. I tend to think that if you buy a home today you should plan on staying in it for a few years while the market develops.

    Benefits To Buying Mounds View homes

    With all of the great benefits available to the MN first time home buyer today, it is hard to know where to start in terms of listing the benefits. The State of Minnesota now offers special loan programs through its Minnesota Housing Finance Agency to offer reduced interest rates as well as down payment assistance. Additionally many communities today offer additional down payment assistance loans or grants that both reduce what you need for cash to close as well as reducing your monthly payment.

    Get Preapproved Today

    The first step in the home buying process is to get preapproved for mortgage financing. This simply means that you talk with a local 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.

    City of Mounds View Info

    Mounds View, MN is a convenient northern suburb located just north of Minneapolis and St. Paul. With a population of just over 12,000, Mounds View residents enjoy the benefits of a small town despite their location near the central metro. Located in Ramsey County, first time home buyers may want to check out the Ramsey County First Home program with down payment assistance of up to $10,000. If you are looking to buy or sell a home in Mounds View, please don't hestitate giving me a call.

    If you have not yet thought of buying a homes I would like the opportunity to discuss with you about the benefits of both rental homes in Mounds View versus buying a home. My consultation is free and am eager to help.

    Joe Scherer
    Sales Executive, Licensed Realtor in Minnesota 
    Century 21 Premier Group 
    jscherer1111@gmail.com 
    Cell 612-991-6365 
    1660 S. Highway 100, Suite #578
    Parkdale Plaza
    St. Louis Park, MN  55416
    With a focus on Twin Cities real estate and surrounding communities.
    http://joescherer.21homesearch.com

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