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Scott Schultz's Blog

By Scott Schultz | Agent in Apple Valley, MN
  • Find Lakeville Homes For Sale

    Posted Under: Home Buying in Lakeville, Financing in Lakeville  |  March 14, 2012 6:29 AM  |  709 views  |  No comments
    Are you looking for Lakeville homes for sale? Recent MLS statistics show that transactions are up significantly over last year. Whether you are a Minnesota first time home buyer, moving up from a previous home or an investor, today is a great time to be looking for a home in Lakeville. With a combination of record low interest rates and reduced property values, housing payments haven’t been this affordable in decades. You will want to understand the 3 basic types of properties listed for sale.

    Foreclosures often represent a great value for today’s home buyer. When a bank owns the home they want to sell it quickly as they are responsible for maintenance, utilities, and property taxes There is a lot of competition from home buyers today when a foreclosure comes up for sale at a good value. It is not uncommon to see multiple offers on a Lakeville foreclosure, sometimes driving the price above the list price.

    Short Sales in Lakeville

    Short sales can be a good opportunity for home buyers who do not need to move within the next 6 months or so. When a seller has a home on the market as a short sale, this means they will not be able to pay off the entire loan they have on it when they sell the home. This means that after they receive your offer you will need to wait while the seller negotiates with their bank to forgive a substantial part of their debt.

    Traditional sales from a home seller represent at least half of the homes on the market today. These properties are often great values in part because there has been a property owner there to take care of any the necessary maintenance on the home. A traditional home seller will tend to be more apt to pay all of your closing costs as well. If you are looking for a well-maintained home where you can move in quickly with great financing terms, a traditional home sale is the way to go.

    City of Lakeville, MN

    If you are thinking about buying Lakeville real estate you will want to know that Lakeville, MN is one of the fastest growing suburbs of the Twin Cities. As a neighboring suburb of the Twin Cities in Dakota County the population of Lakeville is now over 55,000 people according to the 2010 census. There's always something to do in Lakeville because of their well coordinated Parks and Rec Department. Minnesota first time home buyers will enjoy the benefits of special financing qualify for the Dakota County First Time Buyer Program If you are thinking about making a move to the south metro now is a good time to investigate Lakeville real estate.

    MN First Time Buyers First Step

    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 price range with comfortable payments for you.

    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
  • Lakeville First Time Home Buyers: 3 Steps To Buying

    Posted Under: Home Buying in Lakeville, Financing in Lakeville  |  September 19, 2011 5:19 AM  |  312 views  |  No comments
    Are you thinking of buying your very first home in Lakeville? Many MN renters today are beginning to realizing that the recent rise in rent payments is making Lakeville more reasonable than ever before. With today's historic low interest rates and lower property values monthly payments on a home in Lakeville may even be less expensive than what you are paying for rent! If you are a Minnesota first time home buyer I would love the opportunity to talk with you about the possibilities.

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

    Step 1: Finding Out What You Want

    There are more things to consider when buying a home than simply the monthly mortgage payment. I will want to talk with you about what your goals are for home ownership. After learning more about what you want to accomplish we will talk about the types of homes for sale, ideal locations, as well as how to get a great value. Depending upon when you want to make the move we will talk about whether you should consider buying a short sale, foreclosure, or traditional sale. After our discussion I will set up a listing search of all the homes that could possibly meet your needs in the location and price range you desire.

    Step 2: Get Preapproved For A Home Loan

    Before we go out looking for homes, you need to talk with a mortgage lender. The only way to know what you will be able to afford for monthly payments as well as down payments, you will need to get preapproved through a lender for mortgage financing. When you talk with your mortgage banker, you will learn about all of the excellent programs available for MN first time home buyers. Did you know that there are many down payment assistance programs for Lakeville first time buyers that can help you put as little as $1,000 down? The only way to determine your eligibility is to get preapproved for a home loan.

    Step 3: Let's Look At Homes Step 3: Let's Look At Homes

    Once you have been preapproved for a loan 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!

    Lakeville Info

    If you are considering buying Lakeville Real Estate you will be glad to know that Lakeville is one of the fastest growing areas in the Twin Cities metro area. As a suburb of the Twin Cities in Dakota County the 2010 census revealed that Lakeville has grown to over 55,000 in total population. There's always something to do in Lakeville because of their well established Parks and Rec Department. Minnesota first time home buyers will enjoy benefit if they qualify for the Dakota County First Time Buyer Program If you're planning to make a move to the south metro now is a good time to check out Lakeville Real Estate.

    Are you ready to start with the process? Please email me and we'll discuss what you want for your Lakeville 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
  • Lakeville First Time Home Buyers: 3 Steps To Buying

    Posted Under: Home Buying in Lakeville, Financing in Lakeville  |  September 12, 2011 6:15 AM  |  304 views  |  No comments
    Are you thinking of buying your very first home in Lakeville? Many MN renters today are beginning to realizing that the recent rise in rent payments is making Lakeville more reasonable than ever before. With today's historic low interest rates and lower property values monthly payments on a home in Lakeville may even be less expensive than what you are paying for rent! If you are a Minnesota first time home buyer I would love the opportunity to talk with you about the possibilities.

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

    Step 1: Finding Out What You Want

    There are more things to consider when buying a home than simply the monthly mortgage payment. I will want to talk with you about what your goals are for home ownership. After learning more about what you want to accomplish we will talk about the types of homes for sale, ideal locations, as well as how to get a great value. Depending upon when you want to make the move we will talk about whether you should consider buying a short sale, foreclosure, or traditional sale. After our discussion I will set up a listing search of all the homes that could possibly meet your needs in the location and price range you desire.

    Step 2: Get Preapproved For A Home Loan

    Before we go out looking for homes, you need to talk with a mortgage lender. The only way to know what you will be able to afford for monthly payments as well as down payments, you will need to get preapproved through a lender for mortgage financing. When you talk with your mortgage banker, you will learn about all of the excellent programs available for MN first time home buyers. Did you know that there are many down payment assistance programs for Lakeville first time buyers that can help you put as little as $1,000 down? The only way to determine your eligibility is to get preapproved for a home loan.

    Step 3: Let's Look At Homes Step 3: Let's Look At Homes

    Once you have been preapproved for a loan 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!

    Lakeville Info

    If you are considering buying Lakeville Real Estate you will be glad to know that Lakeville is one of the fastest growing areas in the Twin Cities metro area. As a suburb of the Twin Cities in Dakota County the 2010 census revealed that Lakeville has grown to over 55,000 in total population. There's always something to do in Lakeville because of their well established Parks and Rec Department. Minnesota first time home buyers will enjoy benefit if they qualify for the Dakota County First Time Buyer Program If you're planning to make a move to the south metro now is a good time to check out Lakeville Real Estate.

    Are you ready to start with the process? Please email me and we'll discuss what you want for your Lakeville 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
  • How To Sell Your Lakeville Home

    Posted Under: Home Selling in Lakeville, Financing in Lakeville  |  September 9, 2011 12:51 PM  |  280 views  |  No comments

    Selling a Lakeville Home

    If you are selling a home in Lakeville today you will find it can be quite a challenge, especially with the tough competition from nearby short sales and foreclosures. Home values have been coming down in part because of the low sales prices offered by banks who need to unload their inventory of their real estate owned. About half of the sales in today's Minnesota real estate market has come from non-bank home sellers. Are you in the search for help to sell your home in Lakeville?

    Perhaps it has never been more important to use a Lakeville real estate agent who understands the recent trends in Lakeville 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 determine 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.

    The big challenge for many home sellers today is 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 on their home, or listing it for rent and in order to move to another home. With rising rents in the market home sellers are quite often finding that they can cover all of the expenses for the home through their renter's income.

    Lenders have guidelines for the Lakeville 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 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 mortgage lender can help you decide which of the options are best whether renting or selling your current house. The process of preapproval is generally free and contains no loan obligation. A good lender will be able to examine all of the options available to you such as MN FHA loans, Conventional, VA, or other types of mortgage loans.

    Lakeville Info

    If you are thinking about buying Lakeville real estate agent you will be happy to know that the City of Lakeville is one of the fastest growing areas in the Twin Cities. As a suburb of the Twin Cities in Dakota County the population of Lakeville, Minnesota is now just over 55,000 according to the most recent census of 2010. There's always something to do in Lakeville because of their well established Parks and Rec Department. A MN first time home buyer get a great benefit if they qualify for the Dakota County First Time Buyer Program If you're planning to make a move to the south metro now is a good time to investigate Lakeville real estate agent.

    Are You Ready To Talk?

    If you would like to learn more about selling your Lakeville home call or email me. I will create a competitive market analysis for free. We will discuss all of the options based on today's real estate market. Feel free to send me an 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
  • Lakeville FHA Loans: Financing To Buy Your Home

    Posted Under: Home Buying in Lakeville, Financing in Lakeville, Credit Score in Lakeville  |  July 28, 2011 6:11 AM  |  429 views  |  No comments

    FHA Loans in Lakeville

    Perhaps the most popular method of financing today in Lakeville is through FHA (the Federal Housing Administration). This program through the federal government started back in the 1930�s to help with a similar situation we have today when home foreclosures were rising and home buyers struggled to come up with a large down payment. FHA loans have many advantageous guidelines for both the MN first time home buyer as well as the move up buyer.

    Lakeville FHA Loans: Not Just for First Time Buyers

    While the days of the no down payment loan are largely gone, Lakeville FHA mortgages offer the smallest down payments available in Minnesota. This fact along with the fact that most negotiated offers today involves �seller paid closing costs� allows you to get in for a much more reasonable entry cost. This is also helpful for current home owners who are selling their home with little or no equity and need to buy their next home with a smaller down payment than usual.

    Lakeville buyers will also find that FHA loans offer more expansive credit guidelines than conventional loans. Home buyers who have experienced troubles with credit may more frequently qualify for a loan with FHA. In addition, unlike conventional loans which have significant pricing adjustments ters based on credit scores, interest rates and discount points on FHA loans vary only slightly based on credit scores.

    One interesting fact about FHA loans is that they are assumable by someone who buys your home. This means that in the future when you are ready to sell, the new home buyer of your house may have an option to take over your mortgage if they qualify. This would be a great selling feature to your home if market interest rates are higher when you put your house up on the market for sale. When a new buyer assumes your FHA loan they will make a down payment equal to the difference between your sales price and your existing loan balance at the time.

    FHA Down Payment Assistance Through Minnesota Housing Finance Agency

    Lakeville first time buyers also may benefit through reduced interest rates and programs for down payment assistance through Minnesota Housing. This state program buys FHA loans and makes use of FHA�s special program features which allow for second mortgages on the property to be used as a method of reducing the first time home buyers required down payment. While maximum income limits may apply for this program, many MN first time home buyers are making use of these programs today.

    First Step: Get Preapproved

    The first step in the home buying process 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 doing so 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.

    Lakeville, MN Information

    For anyone considering buying Lakeville real estate you will be glad to know that Lakeville is one of the fastest growing areas in the Twin Cities metro area. As a neighboring suburb of the Twin Cities in Dakota County the 2010 census revealed that Lakeville has grown to over 55,000 in total population. There's always something to do in Lakeville because of their well established Parks and Rec Department. Minnesota first time home buyers will enjoy the benefits of special financing qualify for the Dakota County First Time Home Buyer Program If you are going to be making a move to the southern metro now is the time to check out Lakeville real estate.

    If you would like to learn more about buying a Lakeville home using an FHA loan, please don't hesitate to give me a call. With low prices and historically low interest rates on FHA loans it is a great time to buy in Lakeville!

    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.

  • Lakeville Down Payment Assistance

    Posted Under: General Area in Lakeville, Home Buying in Lakeville, Financing in Lakeville  |  July 14, 2011 5:52 AM  |  516 views  |  No comments

    How much money will I need for a down payment for first time home buyers in Lakeville? The great news for first time home buyers is that there are MN down payment assistance programs available that can help you!

    Lakeville Down Payment Assistance

    Most down payment assistance programs are uniquely created to benefit people who are buying their first home in Minnesota. Each of the programs has its own set of qualifying guidelines. Programs might include parameters for income, remaining assets, income-to-debt ratios and credit score. You will want to check with a mortgage professional who specializes in MN down payment assistance to determine your eligibility.

    Dakota County First Time Home Buyers Assistance

    If you are a MN first time home buyer and searching for homes, you might want to consider buying a home in Dakota County. This county has one of the best MN down payment assistance programs available today, which brings the entry cost needed down to less than what you would need for a rental deposit! One of the benefits of searching for homes in Lakeville is that the Dakota County First Time Home Buyer Program is available to you.

    One of the most common down payment assistance program is now available in Lakeville as well as everywhere else in MN. The Minnesota Housing Finance Agency offers the HAF program which can help with between $3,000 and $4,500 of assistance. The HAF down payment assistance program is a second mortgage on your home but has zero interest and no monthly payments necessary. The other great thing about HAF is that it can usually be layered in combination with many other local city or county down payment assistance programs if they are available.

    Lakeville Down Payment Assistance Classes

    Most down payment assistance programs will require that you get a certification through a class for first time buyers. This class is an all-day session and is offered through community agencies all around Minnesota. Times and dates for the classes vary by location but are available evenings and weekends. As an important note, ff you are using a city or county down payment assistance program be sure to register for a class that satisfies both the state and local community program guidelines. Registation is simple and can be done 24 hours a day because you can register for the Home Stretch Workshop on the internet.

    These down payment assistance programs in Lakeville can be used with a variety of different types of home loans. Most commonly they would be used in conjunction with MN FHA loans to help with the minimum down payment. n the other had, if you already have a larger down payment available but need some additional help getting to 20% down , down payment assistance might help as well. They can also be used with USDA and VA loans in Minnesota.

    Lakeville Community Information

    If you are considering buying Lakeville real estate you will be happy to know that the City of Lakeville is one of the fastest growing areas in the Twin Cities. As a suburb of the Twin Cities metro in Dakota County the population of Lakeville, Minnesota is now just over 55,000 according to the most recent census of 2010. It seems there is always something to do in Lakeville, MN because of its highly active Park and Rec Department. First time buyers get a great benefit if they qualify for the Dakota County First Time Home Buyers Program If you are going to be making a move to the southern metro now is a good time to check out Lakeville real estate.

    Get Preapproved for Mortgage Financing

    The first step in the process of buying a home is to get preapproved for mortgage financing. This means that you meet with a local mortgage lender who will review your financial situation. In doing so 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.

  • Townhouses in Lakeville

    Posted Under: Home Buying in Lakeville, Financing in Lakeville, Foreclosure in Lakeville  |  July 11, 2011 5:52 AM  |  347 views  |  No comments

    Searching For Townhouses in Lakeville

    There are a few different ways to search for townhouses for sale in Lakeville that I would like to share with you. Since most Minnesota home buyers start their search for homes on the internet these days, I find that many miss out on all of the possible opportunities to search for and find the right home. In this post I’ll share with you the benefits and challenges to each of the different methods of search for townhouses for sale in Lakeville.

    Finding Lakeville Townhouses For Sale On The World Wide Web

    One of the best ways to begin is to go to my website to search for and find all of the homes for sale that are listed all of the local real estate brokers, with all of the details available. The large national search engines leave out many of the most important details such as property taxes of the home. 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 you want to search for Lakeville townhouses without such an important detail? Please got to my website and start searching for Lakeville townhouses for sale today.

    Search for Lakeville Townhouses Via Email

    If you're serious searching for a Lakeville townhouses, send me a quick email to tell me what you are looking for. I can send you advanced searches via email that will tell you not only what’s available on the market, but what has just become available. My software will instantly notify you with new listings that meet your specific search critieria when they become available on the market. Because I need to know the criteria of what you are searching for (for example: 2 bedroom townhouses in Lakeville between $165,000 and $215,000), 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, doesn’t it? If you can get the info about what you need via email such as through my advanced search why wouldn't you want it? The strategy of Luck and Guesswork involves searching for properties the large national websites which don't contain all the property details. Without utilizing a customized search to finding the listings that you want, too many home buyers will rely on the strategy of Luck and Guesswork offered by the larger national websites.

    Lakeville, MN Info

    If you are thinking about buying Lakeville you will be glad to know that Lakeville is one of the fastest growing areas in the Twin Cities metro area. As a suburb of the Twin Cities in Dakota County the population of Lakeville is now over 55,000 people according to the 2010 census. It seems there is always something to do in Lakeville because of their well established Parks and Rec Department. First time home buyers get a great benefit if they qualify for the Dakota County First Time Home Buyer Program If you are going to be making a move to the southern metro now is the time to check out Lakeville.

    Get Preapproved for Mortgage Financing

    The first step in the home buying process s to get preapproved for your home loan. This simply means that you talk with a local lender who will review your credit, income, etc. 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.

    Looking For Lakeville townhouses?

    Please take a moment to understand the strategy you are using to search for possibly the biggest investment you will ever make. I encourage all home buyers that I work with to be proactive and to take control of the stategy for home searches. Please take a moment to visit my website and find all of the available Lakeville.

    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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