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Lake Elmo, MN Real Estate News

By John Durham, MS, MS, ASP, ARS
(Durham Executive Group - RE/MAX/Results)
Lake Elmo MN 2011 Housing Numbers – Durham Executive Group             2011 Lake Elmo MN single family homes statistics (Jan. thru Dec):   - 33 homes were still showing as Active at end of 2011. - Of the 33 Active homes 29 homes homes were being resold. The range was from $125,000 up to $1,499,000. - 6 homes were a short sale requiring 3rd Party Approval. - 4 homes were for sale between $100,000 and $200,000. - 7 homes were for sale between $200,000 and $300,000. - 3 homes were for sale between $300,000 and $400,000. The remaining homes were above $400,000. - The 29 previously owned homes Active on the market had a cumulative days on market averaging 218. - The average list price for the 29 Active homes for sale was $489,030.  - 4 Active homes (separated out and above and beyond the 29...
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By Casey J. Anderson
(IBR Realty)
Selling a home in Lake Elmo today can be a challenge, especially considering that nearly half of the competitive listings are short sales or 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 searching for help to sell your home listing in Lake Elmo? Use a Lake Elmo Real Estate Agent To Sell Your Home It has never been more important to enlist the help of a Lake Elmo real estate agent who studies recent trends in Twin Cities market values. When we visit your home as a Realtor to complete a market analysis, we will compare all of the features and benefits of your pr...
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Did you know that this is simply one of the best markets ever for the Minnesota first time buyer, with house payments quite often lower than comparable rent payments? Well, if you have not yet heard this please take a moment to read on. With just over eight-thousand residents living amidst private neighborhoods and farmland, Lake Elmo has a small town feel despite its proximity to St. Paul. Located within Washington County, residents in Lake Elmo have a brief commute to most of the major employers of Saint Paul, MN. Much of Lake Elmo is part of the Stillwater school district. If you're looking for homes for sale in Lake Elmo, please don't hesitate to give me a call. There are plenty of excellent resources in the great state of Minnesota for our first time home buyers. Did you know that ...
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By Casey J. Anderson
(IBR Realty)
Are you in the planning stages to buy your first home in Lake Elmo, MN? There are a few things that I would like to share with you about Lake Elmo real estate to help ensure you avoid some of the biggest mistakes many first time home buyers make. With some very basic preparation you can avoid some of the most painful pitfalls. City of Lake Elmo With just a little over 8,000 residents residing amidst private neighborhoods and farmland, Lake Elmo has a small town feel despite its proximity to St. Paul. Located within Washington County, residents in Lake Elmo have a brief commute to most of the major employers of Saint Paul, MN. Much of Lake Elmo is part of the Stillwater school district. If you're looking for homes for sale in Lake Elmo, please don't hesitate to give me a call. 1) Get pre...
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By John Durham, MS, MS, ASP, ARS
(Durham Executive Group - RE/MAX/Results)
Lake Elmo Home Buying – Durham Executive Group         When you decide to buy a home in Lake Elmo, MN it can be a very rewarding and exciting moment, but conversely it can become one of the most stressful moments in your life. Obviously with the financial aspect, the number of people involved in the transaction, combined with all the things that need to be done and the purchasing of a home can be simply...overwhelming for a home buyer. The smart thing for a potential home buyer to do when they first decide they want to purchase a home is to research a good knowledgeable Lake Elmo, MN real estate agent and agree to work with them. With the real estate agents experience of handling hundreds of client transactions over the years similar to yours they will easily walk you through the steps....
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By Barb Goerss, Helping You With All 14 Moves You'll Make
Should you be in the market for a home in Lake Elmo, Minnesota, you might be facing a chicken or egg conundrum: do you find the house you want first, or first get approved for a mortgage? Increasingly the answer is the latter. “It used to be, if you wanted a house, you went out, found a house and then spoke to a mortgage broker or went to a bank to get a loan and it was fairly easy,” says Ross Weinstein of Exclusive Capital. “Today, you really need to get on the mortgage game early and find your mortgage first, get qualified and make sure you are looking in the right price range and then go out and find a house.” Fortunately or unfortunately, the mortgage process has become very streamlined. “Back in the day, you had interest only, no interest, variable, adjustable, hybrids, bridge loan...
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By John Durham, MS, MS, ASP, ARS
(Durham Executive Group - RE/MAX/Results)
Buying a Home, Lake Elmo MN - Durham Executive Group         The purpose of this article is for buyers of a home in Lake Elmo, MN to consider the different costs that they will need to pay up front when buying a home. By knowing what kinds of costs a buyer will encounter they can start saving their hard earned money in anticipation of purchasing a wonderful home in Lake Elmo MN.  a. Earnest money - this is money that a buyer will have to put down up front when writing a purchase agreement on the Lake Elmo MN home. The amount can range on what is expected for an earnest check as it is a negotiable amount between seller and buyer. Typically one can expect that an earnest check amount of 1% of the sale price is standard. There are times one can put down less but again it is a negotiable am...
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By John Durham, MS, MS, ASP, ARS
(Durham Executive Group - RE/MAX/Results)
Buying a Home after a Short Sale or Foreclosure, Lake Elmo MN - Durham Executive Group        We know a home foreclosure can be a traumatic experience and leave many wonderful families with the feeling they have no chance of owning a home again. This does not have to be the case. The economy has taken its toll on many and losing a home is something most people never planned on.  Many times the reason for the short sale or foreclosure was something that could not be predicted or prevented.  Even after a short sale or foreclosure there is no reason to let this prevent you from starting over and achieving the "American Dream" of home ownership. It was with this thought that the topic of Lake Elmo, MN home owners who lost their home due to a short sale or foreclosure in 2007-2010 would agai...
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By John Durham, MS, MS, ASP, ARS
(Durham Executive Group - RE/MAX/Results)
Lake Elmo MN Home Buyer Website - Durham Executive Group Quite frequently we have buyer's asking what is the best website for searching for Lake Elmo MN homes for sale? Some buyer's mistakenly think the website they are using to search for homes is the 'real' MLS whenin fact it is only a local brokerage company who was allowed to have their website name with the MLS name grandfathered in. There are many national and local real estate websites available for home searches as everyone knows, but without question the best local broker website to perform Lake Elmo MN homes for sale searches in our opinion is Results.net. Why? Because it is easily the best local broker real estate website for listing agents, sellers and buyers. Besides the convenience and ease of use Results.net website is th...
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By Barb Goerss, Helping You With All 14 Moves You'll Make
If you are selling your Lake Elmo, MN lakefront home, be advised that the Minnesota summer storm season is upon us! After a tornado ripped a path of destruction through north Minneapolis earlier this week, it’s clear that no city or neighborhood is immune to the destructive forces of Mother Nature. Many homes that were for sale in Minneapolis are now completely off the market due to extensive damage, and homeowners are finding themselves with many weeks and thousands of dollars of work before their homes will be ready to sell. It’s impossible to fully prepare for something like a tornado, but there are several steps you can take to minimize damage to your home in the event of severe weather. Check Your Coverage The first step you should take is to be aware of your homeowners insurance p...
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By Teri Eckholm, REALTOR Serving Mpls/St Paul North & East Metro
(Boardman Realty)
Llamas are cool. I always loved reading the picture book, "Is Your Mama a Llama?" to my kids when they were toddlers. Because of the story, whenever I had to take the kids to visit their doctor in White Bear Lake, we detoured past the two llamas that lived off of Hwy 96 and Ottertail Rd. I don't think they still reside on that property. Llamas are a rare site in the Twin Cities; one you remember after you see them. There used to be another farm in the community of Shafer in Chisago County where I would see llamas peeking over the fence from time to time. They are such beautiful creatures.On Mother's Day Weekend, May 9th and 10th there will be an opportunity to get up close and personal with a llama (or two). The 15th Annual Llama Magic Festival is scheduled to be held at the Washington ...
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By Mark R. Westpfahl REALTOR Broker, e-PRO® CNE® REALTOR® Minnesota Real Estate Broker
(Vexillum Realty - Eagan, St. Paul, Minneapolis and suburbs)
Stop  by my open house this Sund OPEN SUNDAY: Lake Elmo new construction www.MarkWestpfahl.com/3453828 Highway 36 to Manning, turn south.     Click here to see my other upcoming open houses: www.realty.tc/open_house_schedule.htm Here, you'll find a link to see all open houses in the twin cities by all companies.   Thinking about buying or selling this year? Stop by and visit my next open house. It's a great way to get familiar with the market when you're in the early stages of planning to buy or sell a house. Mark Westpfahl 651-605-6480 office 651.208.9848 cell 1.800.706.9848 cell www.MarkWestpfahl.com/  www.Realty.tc www.SearchStPaulHomes.com  
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By Patti Ann Kasper, Blaine & North Metro Minneapolis St Paul Real Esta
(EXIT REALTY NEXUS)
City of Lake Elmo, Washington Co. MN20072006Δ Change# Homes Sold5962 -4.84%Average Price$575,212$502,387+14.50%Median Price$495,000 $438,700+12.83%Total Volume$33,937,548 $31,148,016 +8.96%Based on information from the REGIONAL MULTIPLE LISTING SERVICE OF MINNESOTA, INC.For the period of January 1, 2006 thru December 31, 2007It is a great time to buy a home and there are great deals in all price ranges available.For more information about my services, guarantees or how I can help you find your next home,sell your home, buy a business or investment property - Just call me today at 763-548-1418!To view my interactive on-line real estate magazine with listings, click the button below:   Click the button below to send this information to your friends or family!Associates of Science Degree i...
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