Home > Blogs > Kevin J. Sutton's Blog
5,303 views

Kevin J. Sutton's Blog

By Kevin J. Sutton | Agent in 55125
  • Cottage Grove Rental homes: Time to Buy or Rent?

    Posted Under: Home Buying in Cottage Grove, Rental Basics in Cottage Grove, Rent vs Buy in Cottage Grove  |  March 5, 2012 2:38 PM  |  461 views  |  No comments

    Cottage Grove Rental homes: Should I Rent One Or Buy?

    If you are looking for Cottage Grove rental homes, pause for a couple of minutes and consider the difference in renting homes versus buying one. 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 Minnesota real estate?

    Cottage Grove Rental homes: Is It Worth The Cost of Renting?

    Cottage Grove rental homes will typically have the advantage that you can get be released of a lease arrangement in about one year's time. I want you to remember that this advantage comes at a cost, however, , in that your rent payments will often times exceed those of a house payment. In addition, the security deposit for the rental may actually be more than the entry 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 rent payments, versus buying your own home.

    Benefits To Looking For Cottage Grove Rental Cottage Grove

    Still, the advantage may certainly be worth it to rent a homes 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 Cottage Grove homes for the First Time Buyer

    With all of the programs available to the MN first time home buyer today, this list of benefits is long. 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.

    First Step To Buy A Home: Get Preapproved

    For many MN first time buyers the big question is where do I start? Your very first step to home ownership is to get preapproved for a first time buyer's mortgage. By doing so you find out how much of a loan you are qualified for so that we can research homes in a comfortable price range.

    Cottage Grove Community Information

    Located just 8 miles south of Saint Paul, the city of Cottage Grove is often considered one of the Twin Cities bedroom communities. With a population over 34,000 Cottage Grove offers plenty of affordable housing. High school students in Cottage Grove attend one of the 4 schools, Woodbury High, East Ridge High School, Alternative Learning Center, or Park High School. Students in middle school will attend Cottage Grove Middle School, Oltman MS, Lake MS, or Woodbury Middle School. There are recreational activities available for everyone with an well-planned Park and Rec department. If you are thinking about buying some Cottage Grove please give me a call to get out looking.

    Cottage Grove Rental homes: A summary

    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 Cottage Grove versus buying a home. I offer a totally free consultation, with no obligation and am glad to help you consider the differences.

    Kevin Sutton 
    Sales Executive, Licensed Realtor in Minnesota
    The Home Solutions Team
    Keller Williams Premier Realty
    kevin@yourhappyhome.com
    Direct (651) 209-8250
    659 Bielenberg Drive
    Woodbury, MN 55125
    With a focus on Woodbury real estate and surrounding communities.
  • West St. Paul First Time Home Buyers: Is It Time To Stop Renting?

    Posted Under: Market Conditions in West Saint Paul, Home Buying in West Saint Paul, Rent vs Buy in West Saint Paul  |  October 19, 2011 5:06 PM  |  320 views  |  No comments

    West St. Paul First Time Buyers

    MN First Time Home BuyerHave you been hearing that this is simply one of the best markets ever for the MN first time home buyer, with monthly mortgage payments often lower than rent of a home equal in size? Well, if you haven't heard by now I encourage you to take a moment to read what I have to say

    West Saint Paul: City Information

    The city of West Saint Paul is located just south of the state capitol of Minnesota, Saint Paul. The city name is actually derived from the fact that it is on the west bank of the Mississippi River. As a fully developed inner ring suburb of St. Paul, the population of West St. Paul has remained stable at about 19,500 over the past 20 years. Located in Dakota County, Minnesota first time home buyers can benefit from the Dakota County First Time Hom Buyer's Program. If you're interested in buying or selling a home in West Saint Paul please don't hesitate to give me a call.

    There are a variety of mortgage financing options that can benefit today's first time home buyer. The most common today are FHA loans which allow you to get into a home with as little as 3.5 percent down. A program designed for American's veterans are known VA loans, a program with as little as zero down payment. If you find a home with Fannie Mae's Home Path logo, you might qualify for their 3% down Home Path loan which does not require mortgage insurance. Your mortgage lender will help find the best program based upon your loan qualifications.

    In addition to State of Minnesota down payment assistance funds many of our local communities offer assistance programs of their own as well. Each of these programs vary in terms of qualifications required to access the funds. Depending upon when you are reading this these programs may or may not be funded so we can check on it when you call me.

    First Step: Get Preapproved

    The first part in the process of buying a house is to get prequalified for financing. This means that you meet with a local mortgage lender who analyzes your credit, income, assets, and debts. In this discussion they can tell you what types of MN first time buyer programs you might be qualified for. This important first step can be done right over the phone and most lenders will arrange to talk with you when you're off work, even in the evenings or weekends.

    Considering the great rates and reduced property values this is a great time to buy West Saint Paul homes for sale. If you are tired of the steady increase of rent payments take this opportunity now to learn more about the benefits of becoming a first time home buyer. I've worked with many MN first time buyers before and am glad to answer any and all of your questions. Simply give me a call or send me an email and we will see what might be possible!

    Kevin Sutton 
    Sales Executive, Licensed Realtor in Minnesota
    The Home Solutions Team
    Keller Williams Premier Realty
    kevin@yourhappyhome.com
    Direct (651) 209-8250
    659 Bielenberg Drive
    Woodbury, MN 55125
    With a focus on Woodbury real estate and surrounding communities.

 
Copyright © 2014 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer