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Scott Schultz's Blog

By Scott Schultz | Agent in Apple Valley, MN
  • Selling Your Apple Valley Home Today

    Posted Under: Home Selling in Apple Valley, Financing in Apple Valley  |  September 20, 2011 7:54 AM  |  414 views  |  No comments
    Selling a home today in Apple Valley can be a big challenge, especially with the tough competition from nearby short sales and foreclosures. Real estate values have been declining in part because of the low listing prices offered by banks who need to reduce their real estate owned inventory. About half of the sales in today's Minnesota real estate market has come from traditional home sellers. Are you searching for help to sell your Apple Valley home?

    Benefits of Using A Realtor To Sell Your Apple Valley Home

    It has never been more important to enlist the help of a Apple Valley real estate agent who understands recent trends in 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 need to look at all of the houses that have sold within recent months to analyze what the actual sales prices have been. By doing this we will be able to estimate what price a buyer might pay for your home listing within a reasonable period of time on the market.

    One of the challenges for many sellers today is in trying to get enough for their home to pay off the existing mortgages on their home. If a home seller owes more on the mortgages for their home than what we can sell it for we will either need to discuss 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 quickly rising rents in today's market, sellers are quite often finding that they can cover all of the investment expenses for the home through the income from the rental.

    Lenders have guidelines for the Apple Valley sellers who have made the decision to rent out their house 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.

    Getting preapproved for a mortgage

    Once we meet to discuss the value of your old home it is critical that you go through the process of getting prequalified for a home loan. Your MN mortgage lender can help you discover which of the options are best whether selling or renting out your current home. The process of mortgage preapproval is is usually free and contains no loan obligation. A good lender will be able to examine all of the options available to you such as through MN FHA loans, Conventional, VA, or other types of mortgage financing.

    The Community of Apple Valley, MN

    The city of Apple Valley, MN was named in 2010 as in the top 20 of best places to live in the United States. With over 49,000 residents, the city has more than doubled its population over the last thirty years. Located in northern Dakota County, Apple Valley first time home buyers can benefit from the Dakota County first time buyer program With an extensive Park and Rec department in the city you'll never lack for something to do here. If you are looking to buy or sell Apple Valley real estate agent please feel free to give me a call!

    The Call Is Free

    If you want to learn more about the process of selling your Apple Valley home call me. I will work with you to complete a competitive market analysis at no obligation to you. We will discuss all of the options based on today's real estate market. Feel free to email or call me.

    Scott Schultz
    Sales Executive, Licensed Realtor in Minnesota
    Remax Results
    scott.schultz@results.net
    Cell 952-221-7419
    Direct 952-431-2400
    Fax 952-431-0420
    14451 Founders Lane
    Apple Valley, MN 55124
    With a focus on Apple Valley real estate and surrounding communities.


    www.scottschultz.remax-northcentral.com
    www.ourteam-remax.com
  • Apple Valley First Time Home Buyers: The First 3 Steps

    Posted Under: Home Buying in Apple Valley, Financing in Apple Valley, Credit Score in Apple Valley  |  September 6, 2011 6:14 AM  |  462 views  |  No comments
    Are you planning on buying your very first home in Apple Valley? Many MN renters today are beginning to realizing that the recent rise in rents is making Apple Valley Real Estate more attractive than ever. With today's historic low interest rates and lower property values monthly payments on a home in Apple Valley may even be less expensive than what you are paying for rent! f you are a Minnesota first time home buyer I would definitely enjoy talking with you about these possibilities.

    To take advantage of the benefits in today's Apple Valley home values, there are three easy steps to get started.

    Step 1: What Do You Want From a Apple Valley Home?

    There are more things to consider when buying a home than the monthly mortgage payment. I will want to have a discussion with you what your short and long term goals are for buying a house. After learning more about what you want to accomplish we will talk about the all of the types of homes for sale, as well as how to get a great value. Depending upon when you want the move to happen we will discuss the benefits of buying from a traditional seller versus a short sale. After this discussion I will set up an automated home search of all the listings that could possibly meet your needs.

    Step 2: Get Preapproved For A Mortgage

    Before we start looking at listings, you need to talk with a mortgage banker. In order to find out how much you can reasonably afford for monthly payments as well as down payments, you will need to get preapproved for mortgage financing. When you talk with your mortgage lender, you will learn about all of the great programs available for MN first time home buyers. Did you know that there are down payment assistance programs for that can help you with your down payment? The only way to determine your eligibility is to get preapproved for a mortgage loan.

    Step 3: Let's Start Looking At Homes

    Once you have been through the process of getting preapproved we can start looking at houses. After looking at so many homes on the internet, this is the fun part of the whole process. We will look at as many homes as it takes before you find the one that ideally suits your needs. Once we find one, your mortgage lender and I will guide you through writing an offer, finalizing the loan and closing on your home!

    Living in Apple Valley

    The city of Apple Valley was recently named in the top twenty of best places to live in America. With over 49,000 occupants, the community of Apple Valley has more than doubled its population over the last thirty years. Located in northern Dakota County, Apple Valley first time home buyers can benefit from the Dakota County first time buyer program With an extensive Park and Rec department in the city you'll never lack for something to do here. If you are looking to buy or sell Apple Valley Real Estate please do not hesitate to give me a call!

    Are you ready to start with the process of buying a home? Please take a moment to call or email me and we'll discuss what you want for your Apple Valley home!

    Scott Schultz
    Sales Executive, Licensed Realtor in Minnesota
    Remax Results
    scott.schultz@results.net
    Cell 952-221-7419
    Direct 952-431-2400
    Fax 952-431-0420
    14451 Founders Lane
    Apple Valley, MN 55124
    With a focus on Apple Valley real estate and surrounding communities.


    www.scottschultz.remax-northcentral.com
    www.ourteam-remax.com
  • The Pros and Cons of Buying Apple Valley Townhomes

    Posted Under: Home Buying in Apple Valley, Financing in Apple Valley, Property Q&A in Apple Valley  |  July 25, 2011 8:18 AM  |  331 views  |  No comments

    Out Looking for Apple Valley townhomes for sale?

    If you are searching for Apple Valley townhomes for sale, let’s take a minute to talk a little bit about the pros and cons of townhome living. Tens of millions of Americans enjoy living in townhomes today and it just might be a perfect solution for you as well. I think it is important for you to understand the pros and cons of the home style that you purchase before signing the purchase agreement.

    Apple Valley Townhomes Prices

    Apple Valley townhomes for sale are often priced significantly less than traditional single family houses 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 Apple Valley townhome especially appealing to busy first time home buyers as well as to retirees who prefer not to deal with that type of upkeep.

    This does not mean that the maintenance of the home is free, of course. Included in your responsibility for residing in a Apple Valley townhome you will need to pay monthly association dues. This fee covers a variety of things but the extent to what it covers can vary from one Apple Valley 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 separately for that in another. It is important to check into these things before you make your decision to buy since your monthly costs of living in that particular home can vary widely.

    Community Information: Apple Valley, MN

    The city of Apple Valley, Minnesota was recently named in the top 20 of best places to live in the United States. With over 49,000 occupants, the community of Apple Valley has more than doubled in size over the last 30 years. Situated entirely in Dakota County, Apple Valley first time home buyers can benefit from the Dakota County first time buyer program With an extensive Park and Rec department in the city you'll always have something to do in Apple Valley. If you're going to be buying or selling Apple Valley townhomes for sale please do not hesitate to give me a call!

    You should also know that in most associations your interior contents of your townhome will not be covered by insurance. As a result, you should also get personal property insurance which is comparable to renters insurance, typically available for $200-$300 annually. If you need mortgage financing for your Apple Valley townhome your lender will require you to buy this type of insurance.

    Apple Valley townhomes for sale: Pros

    • Lifestyle with low maintenance
    • Less expensive prices for homes
    • Shared amenities such as recreational areas l
    • Often a small back yard
    • No neighbors located below or above as is common in condos

    Apple Valley townhomes for sale: Cons

    • Monthly association dues
    • Smaller yards or sometimes no yard at all
    • You will share walls with neighbors

    Find Out What You Are Qualfied For

    The first part in the process of buying a house s to get preapproved for your home loan. This simply means that you talk with a local lender who analyzes your credit, income, assets, and debts. In this discussion they can tell you what types of Minnesota first time buyer programs you might be qualified for. This critical first part can be done over the phone and most lenders will even do this with you when you are off from work.

    Scott Schultz
    Sales Executive, Licensed Realtor in Minnesota
    Remax Results
    scott.schultz@results.net
    Cell 952-221-7419
    Direct 952-431-2400
    Fax 952-431-0420
    14451 Founders Lane
    Apple Valley, MN 55124
    With a focus on Apple Valley real estate and surrounding communities.

  • How To Buy Apple Valley Foreclosures

    Posted Under: Home Buying in Apple Valley, Financing in Apple Valley, Foreclosure in Apple Valley  |  July 21, 2011 7:15 AM  |  463 views  |  No comments

    Ready To Buy Apple Valley Foreclosures?

    Are you presently searching for a foreclosure in Apple Valley? Whether you own house currently or are a Minnesota first time home buyer, you will want to learn the basics before going out to buy. While there are many great values in Apple Valley foreclosures you will want to be prepared for how to negotiate your offer.

    Apple Valley Community Info

    The city of Apple Valley was recently named as one of the top 20 best places to live in America.in the top twenty of best places to live in America. With over 49,000 residents, the city has more than doubled in size over the last 30 years. Located in northwestern Dakota County, Apple Valley first time home buyers should learn more about the Dakota County first time buyer program With a well-developed Parks and Rec department you'll always have something to do in Apple Valley. If you are looking to buy or sell Apple Valley foreclosuresCITY please do not hesitate to give me a call!

    A foreclosure can be a great value because the bank owns it and is paying for all of the upkeep and property taxes. As opposed to a short sale transaction, the selling bank has a distinct motivation to get the home off of their books. At the same time, banks who are 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.

    Factors in Foreclosures

    There are 2 major factors to consider what you will want to make as an offer to purchase. The first factor is to consider how long the property has been on the market and the second is the general property condition. Apple Valley foreclosures that have just been listed are likely to sell for near the listing price, while a bank that has a home that has been on the market a long time may be willing to negotiate for deep discounts. Also, a listing that is in poor overall condition may not be able to be financed with traditional mortgage financing so the bank may have to reduce the price far enough to attract cash buyers. I can help you work through these factors as we search for foreclosures.

    Foreclosures and Financing

    If you are planning on financing the purchase of a foreclosure there are some important things to know as well. First, the listing must be in acceptable condition to the lender in order to qualify for most loan programs. Foreclosure listings that are in poor condition will either require a cash offer or special mortgage financing such as the FHA 203k program. The selling banks will also usually limit the amount seller paid concessions towards the closing costs of your home loan. In most cases the selling bank will limit their contribution to three per cent of the selling price. Additionally, a selling bank will never look at your offer if it includes a financing contingency for the sale of a home and if you don't provide a preapproval letter along with the offer.

    Get Pre-qualified

    The first step in the process of buying a home s to get preapproved for your home loan. This means that you meet with a local mortgage lender who will review your financial situation. In the prequalification application they can tell you what types of MN first time buyer programs you might be qualified for. This critical first part can be done over the phone and most lenders will arrange to talk with you when you're off work, even in the evenings or weekends.

    If you are looking for Apple Valley foreclosures please give me a call or send me an email. There are many great Apple Valley foreclosure values out there but knowing which one takes some time and expertise. I would value the opportunity to help you in your search for the ideal house!

    Scott Schultz
    Sales Executive, Licensed Realtor in Minnesota
    Remax Results
    scott.schultz@results.net
    Cell 952-221-7419
    Direct 952-431-2400
    Fax 952-431-0420
    14451 Founders Lane
    Apple Valley, MN 55124
    With a focus on Apple Valley real estate and surrounding

  • Home Buying in Apple Valley, MN

    Posted Under: Home Buying in Apple Valley, Financing in Apple Valley, Property Q&A in Apple Valley  |  July 5, 2011 6:38 AM  |  372 views  |  No comments

    Do you want to learn about how you can buy a home in Apple Valley? The process of how to buy a home can be confusing for many people, especially MN first time home buyers. Since the process can be a bit complicated I would like to share with you some tips of how to accomplish your goal.

    How To Buy A Home in Apple Valley

    Most MN home buyers begin their search on the internet, of course. There are many internet sites to begin this but a good place to start is to use the search engine on my website. There are thousands of websites out there but you will soon find that many lack all of the important details when searching for a home. National real estate websites do not show the annual property taxes due for each of the property listings which is one of the biggest factors your lender will need to determine what your monthly payments will be.

    Search for a home in Apple Valley on my website

    When you search for homes in Apple Valley on my website you will find all of the available listings from all of the real estate companies in the area. Because I am part of the Multiple Listing Service (MLS), my real estate website will offer you complete details on every property from every company. Additionally I can set up a specific search for you so that I can notify you by email when listings in your price range come available.

    Get Preapproved To Buy A home in Apple Valley

    How will you know what kind of price range you should be searching for? In order for you to know the amount of monthly payments you will have for a home in Apple Valley you will want to get a preapproval letter for a mortgage loan. Getting through the preapproval process is the critical first step for how to buy a home in Apple Valley Since there is no cost or obligation when you get prequalified by one of our local MN mortgage lenders, you should do this right away so that you can clear any roadblocks there might be in the process of getting a home loan.

    Let's go look at homes!

    After you have been preapproved by one of our trusted local mortgage lenders I will take you out for showings on homes in your price range. I usually suggest that we look through at least 15 or more of these before you make your offer to buy one. By doing this you will get educated on homes that are a great value to buy. When a home comes available meeting your needs you should be ready to make your offer since properties at a good value sell fast.

    After the purchase agreement, and before closing

    Once you have decided to make your offer it usually takes about 30 or longer before you go to your loan closing to finalize the purchase of your home. Throughout this time your lender will collect all of your documentation that they need from you to finish your loan approval. They will almost always order an appraisal on the home you are buying to make sure the price of the home you are buying is in line. They will also order a title policy to make sure the title to the home is clean.

    Closing on your home

    After your loan has been fully approved you will ready for closing. At this point all the parties involved get together at a title company to sign closing documentation and to give up property keys and welcome you to your new home. After you have gone through closing on your home you are now ready and able to move in!

    Apple Valley: Community Overview

    The city of Apple Valley, MN was named in 2010 as in the top twenty of best places to live in America. With over 49,000 residents, the city has more than doubled its population over the last thirty years. Located in northern Dakota County, Apple Valley first time home buyers should learn more about the Dakota County first time buyer program With an extensive Park and Rec department in the city it seems there is always something to do in Apple Valley, MN. If you're going to be buying or selling Apple Valley real estate please feel free to give me a call!

    Do you believe you're ready to start the process of looking for homes? Please just send me an email or give me a call as I am looking forward to helping you find your dream home!

    Scott Schultz
    Sales Executive, Licensed Realtor in Minnesota
    Remax Results
    scott.schultz@results.net
    Cell 952-221-7419
    Direct 952-431-2400
    Fax 952-431-0420
    14451 Founders Lane
    Apple Valley, MN 55124
    With a focus on Apple Valley real estate and surrounding communities.

  • Apple Valley Rental Homes!

    Posted Under: Home Buying in Apple Valley, Financing in Apple Valley, Property Q&A in Apple Valley  |  July 5, 2011 6:34 AM  |  323 views  |  No comments

    Apple Valley Rental Homes: Time To Rent Or Buy A Home?

    If you are in the hunt for Apple Valley 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?

    Apple Valley Rental homes: Is It Worth The Cost Of Renting?

    Apple Valley rental homes will typically have the advantage that you can get be released of a lease arrangement in about one year's time. Remember,however, there is a cost to this advantage, in that the amount of your rental payments will often times exceed those of a typical house payment these days. Additionally the security deposit may well be in excess of the necessary down payment cost required for buying a Apple Valley homes after considering all of the down payment assistance programs available for first time home buyers. Finally, perhaps the highest cost in renting a homes is the fact that you are helping someone else buy their home with your rental payments helping make THEIR house payments.

    Still, the advantage may certainly be worth it to rent a homes if you are planning on moving again to a different city 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.

    With all of the great benefits 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: Get Preapproved for a Mortgage

    One of the more important factors in buying a home is to get preapproved. Many buyers leave this part to the last minute because it is the least fun part of the entire home buying process. It is always important however, especially for the MN first time home buyer to get preapproved for a mortgage before beginning the search for a home. Please call me and I will help you get started with a Minnesota mortgage lender.

    The Community of Apple Valley, MN for Rental Homes

    The city of Apple Valley was recently named as one of the top 20 best places to live in America.in the top twenty of best places to live in America. With over 49,000 occupants, the community of Apple Valley has more than doubled its population over the last thirty years. Located in northern Dakota County, Apple Valley first time home buyers should learn more about the Dakota County first time buyer program With a well-developed Parks and Rec department it seems there is always something to do in Apple Valley, MN. If you are looking to buy or sell Apple Valley real estate please feel free to give me a call!

    If you have not yet considered buying a home I would definitely like to talk with you about the benefits of both renting versus buying a home. Please take the first step which is to email or call me.

    Scott Schultz
    Sales Executive, Licensed Realtor in Minnesota
    Remax Results
    scott.schultz@results.net
    Cell 952-221-7419
    Direct 952-431-2400
    Fax 952-431-0420
    14451 Founders Lane
    Apple Valley, MN 55124
    With a focus on Apple Valley real estate and surrounding communities.

  • How to Search for Homes for Sale in Apple Valley, MN

    Posted Under: Home Buying in Apple Valley, Financing in Apple Valley, Property Q&A in Apple Valley  |  June 28, 2011 5:59 AM  |  387 views  |  No comments

    The Search for Homes For Sale in Apple Valley, MN

    There are three different ways to search for homes for sale in Apple Valley that I would like to tell you about. Since most Minnesota home buyers start their search for homes on the internet these days, I have found that many people miss out on the best ways to search for a home. In this post I’ll share with you the benefits and challenges to each of the methods for finding Homes for sale in Apple Valley.

    Finding Apple Valley Homes For Sale On The Internet

    One of the best places to begin is to visit my website to search for all of the available homes from all of the local real estate brokers, with all of the available information. The large national websites leave out much of the critical details such as property taxes on the home due to the sheer size of their websites. However when buying a home factors such as property taxes are one of the biggest factors in determining the size of your monthly payments so why would anyone want to look for Apple Valley Homes on websites that are missing such an important detail? Please take a moment to visit my website and begin your search for Apple Valley homes listed for sale today.

    Search for Apple Valley Homes Via Email

    If you're serious searching for a Apple Valley Homes, send me an email and tell me the specifics of the type of property you want. I can create advanced searches that will tell you not only what is available on the market via email, but also what has just become available. You will be instantly notified via email with new property listings that meet your advanced search criteria when they become available on the market. Since I need to know the parameters (such as 3 bedroom Homes in Apple Valley between $150,000 and $200,000), please send me a brief email so we can begin the process of finding you a home!

    A little bit of education goes a long ways, does it not? If you can get exactly the listings you want to see via email such as my customized search provides why would you need anything else?

    Living in Apple Valley

    The city of Apple Valley, MN was named in 2010 as as one of the top 20 best places to live in America.in the top twenty of best places to live in America. With over 49,000 occupants, the community of Apple Valley has more than doubled in size over the last 30 years. Located in northern Dakota County, Apple Valley first time home buyers should learn more about the Dakota County first time buyer program With a well-developed Parks and Rec department you'll never lack for something to do here. If you are looking to buy or sell Apple Valley please do not hesitate to give me a call!

    Get Preapproved for Mortgage Financing

    The first step in the process of buying a home is to get prequalified for financing. This means that you meet with a local mortgage 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 first step can usually be done right over the telephone and most lenders will arrange to talk with you when you're off work, even in the evenings or weekends.

    Looking For Apple Valley Homes?

    Please invest the time to properly understand the strategy you are using to search for a home which is possibly the biggest investment you will make in your lifetime. I highly encourage home buyers to be proactive and to take control of the property search strategy! Please take a moment to visit my website and find all of the available Apple Valley.

    Scott Schultz
    Sales Executive, Licensed Realtor in Minnesota
    Remax Results
    scott.schultz@results.net
    Cell 952-221-7419
    Direct 952-431-2400
    Fax 952-431-0420
    14451 Founders Lane
    Apple Valley, MN 55124
    With a focus on Apple Valley real estate and surrounding communities.

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