Friday, October 14, 2011
Low mortgage rates still aren't attracting buyers.
Homes continue to sell slowly in the Mendota Heights area. Only one home closed this last week, but some buyers are beginning to see the advantage to buying a home at the lowest interest rates since the 1930s. There are 104 homes on the market right now ranging in price from a $143,000 condo to a $998,000 two-story house on the Mendota bluffs. It’s still a buyer's market, and while sales are slower than in some Twin Cities communities, there continue to be a lot of choices. A quick note: many buyers may have their property taxes as part of their mortgage payment, but if you don’t, property taxes are due Monday, Oct. 17. If your form and your check is postmarked on or before Monday, you won’t have to pay a late fee penalty. 1) 1051 …
44.894004
-93.144204
1051 Douglas Rd, Mendota Heights, MN
/articles/home-buyers-still-looking-to-the-mendota-area
/locations/5595823
Friday, September 30, 2011
Two new homeowners mean two new taxpayers.
For homeowners with 20 percent or more equity in their home, Dakota County property taxes, while usually due on Oct. 15, get a reprieve of two days. The usual tax day falls on a Saturday, so property taxes aren’t due until the following Monday, Oct. 17. If you’ve relied on the mortgage company to add your tax amount as part of the monthly mortgage payment in the past and you think the responsibility has shifted, check with your lender to be sure. Late payment penalties can cost you. One day late and the county may add two percent to your bill. Two weeks late and the number goes up to six percent. If you need to check your property taxation records, you can call Dakota County at 651-438-4200. Payments can be made by mail, in person, by …
Friday, September 23, 2011
Minnesota homes often sell for less than list price.
Houses in Minnesota are currently selling for about 91 percent of the list price. Even short sales and lender-owned properties are following this pattern although this number can vary depending on the price range of the home. Homes in the upper price range can end up selling for much less while homes selling at lower price points will more often bring full price. But, this does not mean sellers should add 10 percent to the asking price. Pricing too high will discourage buyers from making offers, or even looking at the home. Price is everything in today’s housing market. One home closed in Mendota Heights in the last week, selling for a bit less than the 91 percent of the original list price, including the seller’s contribution. 1) 639 …
44.88354
-93.103294
639 Highway 110, Mendota Heights, MN
/articles/sold-recent-home-sales-in-the-mendota-heights-area-003b5815
/locations/5438241
Friday, August 5, 2011
Housing market seasons no longer apply in Mendota Heights.
Back in the olden days—five years ago—the real estate market had a timetable you could count on. The busy spring market began on the day after the Super Bowl. Buying and selling slowed considerably after Independence Day and a second wave of house hunting began in the fall just after Labor Day. That fall flurry gradually slowed until Thanksgiving, after which only diehard buyers would be looking at homes. No longer. Today, except for the winter holiday season when the market freezes solid, home sales in the Mendota Heights area are slow but steady. There is a slight increase in sales during warm weather, but if you are selling a home, don’t expect large fluctuations in the timing of the market. Last week, one home changed hands in the …
44.891241
-93.13382
882 S Highview Cir, Mendota Heights, MN
/articles/sold-seasonal-activity-levels-out-in-mendota-heights
/locations/5025451
Friday, June 17, 2011
An agent may not be earning what you think on a home sale.
When a real estate agent lists your home, she or he doesn’t walk away with the full six to seven percent of the selling price that you pay them. The listing agent must split their commission with the buyer’s agent, giving them anywhere from 2.5 percent to 3. 5 percent. The agent may also offer a fixed-dollar bonus to the buyer’s agent to help sell the home. Then there’s the expenses it takes to sell it–the signs, the advertising sometimes even paying another agent to hold an open house–all covered by the listing agent’s commission. If the house doesn’t sell, these expenses come out of the pocket of the real estate agent, as does the time the agent puts in to advising, negotiating and traveling. When you pay a low commission, you often get …
44.895959
-93.14684
1111 Sibley Memorial Hwy, Saint Paul, MN
/articles/sold-recent-home-sales-in-the-mendota-heights-area-17
/locations/4632555
44.873363
-93.108722
2274 Field Stone Dr, Mendota Heights, MN
/articles/sold-recent-home-sales-in-the-mendota-heights-area-17
/locations/4632556
44.89852
-93.128549
1575 Boardwalk Ct, Mendota Heights, MN
/articles/sold-recent-home-sales-in-the-mendota-heights-area-17
/locations/4632557
Friday, June 10, 2011
Sometimes, a lowball offer works.
Sometimes, a buyer simply has to take a chance and lowball an offer. Usually, a home of any type – single family, town home or condo – will sell for anywhere from 12 percent below list to above the list in multiple offer situations. Exceptions are bank owned, short sales and fixer-upper properties. This week’s one closing in the Mendota area sold for more than $50,000 below the original list price, almost 30 percent below the asking price. This was a traditional sale of a large condo in an association with a lot of amenities. It could be that when someone saw it had been on the market for 311 days, one buyer took a chance and made an outrageous offer. There is a risk, though. A low ball offer may insult the seller who will then refuse to …
44.889529
-93.133934
1830 Eagle Ridge Dr, Mendota Heights, MN
/articles/sold-one-property-changed-hands-in-the-mendota-area
/locations/4568522
paulfisher38
2:19 am on Sunday, September 25, 2011
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