Maple Grove, MN Real Estate News

By David Kosmecki
(American Pacific Mortgage)
The Case-Shiller 10 and 20-City Home Price Indices for June reported year-over-year gains of 8.10 percent while the Case-Shiller National Home Price Index covers all nine census regions and reported a year-over-year gain of 6.20 percent. Readings for all three indices worsened as compared to May readings, and all cities tracked showed slower growth in home prices. The National Home Price Index, which is now published monthly, rose by 0.90 percent from May's reading, and both the 10 and 20-City Index posted month-to-month gains of one percent. Five cities including Detroit, Las Vegas, New York, Phoenix and San Diego posted larger gains in June than for May. Regional Home Price Growth: NYC Leads Cities in June: According to the Case-Shiller 20-City Index, New York City led home price grow...
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By David Kosmecki
(American Pacific Mortgage)
Refinancing your existing mortgage may provide you with the opportunity to lower your interest rate, reduce your mortgage payment and adjust your loan term. For those homeowners who have lived in their home for more than a few years, pulling equity out of the property for everything from a luxurious vacation to making home improvements is a tempting potential benefit. However, with property values and interest rates adjusting frequently, you may wonder if now is the best time to refinance your mortgage. Using Equity From Your Refinance: One factor to consider when debating between refinancing now and waiting relates to pulling equity out of your home. If you need access to the cash now for home improvements or other purposes, refinancing now may be ideal. Even if you do not need access ...
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By Steve Wilhelmy
(Keller Williams Classic Realty Northwest)
NorthGlen Carriage Townhomes for Sale Maple Grove, MNWhy Do People Live here?NorthGlen Carriage Homes is a subdivision of townhomes located between Lawndale Ln N and Brockton Ln N in the ever popular northwestern Minneapolis suburb of Maple Grove. Interested in finding NorthGlen Carriage Townhomes for Sale Maple Grove MN? Click that link to find all the currently available homes in NorthGlen.The surrounding Maple Grove subdivisions include; Gladstone, Patrick's Ridge, and Meadows of Rush Creek. Cranberry Meadows and Hidden Meadows are also close by.  What are the Homes Like?The side by side townhomes here were built between the years of 1999-2002. Ranging between 1422 and 1610 finished sq. ft, these homes have 2-3 bedrooms, 2 bathrooms, and attached 2-car garages. There is a mandatory ...
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By Steve Wilhelmy
(Keller Williams Classic Realty Northwest)
Houses for Sale in Hidden Meadows Maple Grove, MN Looking for a Home in Hidden Meadows?Interested in finding Houses for Sale in Hidden Meadows Maple Grove MN or similar homes immediately near Hidden Meadows? Click that link to see if there are currently homes available for sale in the neighborhood.Hidden Meadows is a medium-sized subdivision in a phenomenal location. It sits off of 92nd Ave N in Maple Grove, which is west of Lawndale Ln N. The neighboring subdivisions are; Cranberry Meadows, Patrick's Ridge, Willow Bend of Maple Grove, Gladstone, and Copper Marsh. What are the Homes Like?Well, the lots vary in size from .15 acres to .33 acres and the finished square footage of these two-story homes ranges from 1,810 (with an unfinished lower) to 3,820 sq. ft. They were built from 1997 ...
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By David Kosmecki
(American Pacific Mortgage)
The Department of Commerce reported July sales of new homes dropped by 2.40 percent over June to a four month low. Analysts noted that although July's reading of 412,000 new homes sold fell short of expectations and June's reading, the new homes sector is volatile and subject to change. June's reading of 406,000 new homes sold was revised to 422,000 new homes sold; expectations were based on the original reading. Three of four regions posted a slower rate of growth for home prices with only the South posting a gain. The average price of a new home in the U.S. rose to $269,800, which is 2.90 percent higher than June's average home price. Inventories of new homes increased to a six-month level based on current sales pace. This was the highest inventory of new homes available since 2011. S...
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By David Kosmecki
(American Pacific Mortgage)
The purchase agreement is a vitally important document that outlines the provisions, terms and conditions for the transfer of property. It should be read carefully and any ambiguities should be clarified prior to signing. It is a legally binding contract between the buyer and seller. The purchase agreement may vary depending on the location. Most real estate agents use a form that has been approved by a state realtors association. The seller may have a different version that was drawn up by an attorney. It should not be assumed that they are all the same. Typically, the purchase agreement will include an inspection period. This allows the buyer time to verify the conditions stated on the purchase agreement. Three of the most important stipulations in the contract are listed below. All O...
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By David Kosmecki
(American Pacific Mortgage)
During the course of a marriage, it is common for the couple to acquire property together. This is what is referred to as joint or community property. When a couple divorces, it is up to the parties involved to determine what happens to this joint property or let a judge use applicable law to determine how property is to be split. What Happens To The House? A couple of options are available when deciding what to do with a house where both partners are listed on the mortgage. First, the couple may decide to simply sell the home and split the proceeds from the sale. Another option would be for one person to give the other person the house as part of the divorce settlement. Technically, the house is sold or transferred and whoever gets the home is now the sole person listed on the mortgage...
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By David Kosmecki
(American Pacific Mortgage)
Buying a home is a huge step for people who are ready to make an investment in their future. Getting a great deal on a home is just as important and knowing how much to offer could be confusing. It is important to make sure the home seller is not insulted by the lowball offer and is ready to negotiate to make sure everyone wins. Make a List of Necessary Improvements: One of the best ways to validate a lowball offer on a home is to list improvements that need to be made to the property. If the home needs a new roof or a new heating and air conditioning system, these are reasons to offer less than the asking price. Sometimes a home may also need new flooring, paint, or matching appliances which all cost money. The buyer can make a lowball offer stating additional expenses of making sure t...
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Whether this is your first big purchase, or your family is moving to a new location or looking for more space, buying a home has its share of ups and downs. It's perfectly normal to feel anxious about whether or not you've found the right property. Here are some things you can do to make yourself feel more secure with your decision. Do The Math: You've probably already done this, but it's okay to go over it a number of times to be sure. Factor in your household income and all the bills you expect to pay every month. Add everything up. It sounds like a stressful activity, but when you look at the numbers and realize that buying a home is actually doable, it can be a liberating feeling. When you know for sure you can make it as a homeowner without getting underwater, you will feel more co...
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By David Kosmecki
(American Pacific Mortgage)
Few people in the world can afford to pay the entire cost of a new home upfront, which is why banks and other financial institutions offer home loans. Also known as mortgages, those loans let you make monthly payments to pay off the money you borrow and the interest charged on that loan. If you can't get approved for a mortgage, try using a few easy tips. Improve Your Credit Score: When you apply for a home loan, the lender looks at your credit history and credit score first. Your credit history contains a long list of all the money you borrowed in the past, but it also shows your total debts, medical bills and if you had a foreclosure or a bankruptcy. Your credit score is a three digit number based on your ratio of debt to credit, any defaults on your account and any issues you had in ...
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By Steve Wilhelmy
(Keller Williams Classic Realty Northwest)
Houses for Sale in Island Grove of Maple Grove MN Looking for a Home in Island Grove?Interested in finding Houses for Sale in Island Grove of Maple Grove MN or similar homes nearby? Click that link to see the current available homes for sale in Island Grove and immediately surrounding the Island Grove neighborhood. Island Grove is a subdivision located in the popular Minneapolis suburb of Maple Grove off of Hemlock Lane N. The neighborhood is rather sprawled out and has several different additions. Some neighboring subdivisions are; Cedar Isle, Maple Meadows, and Hickory Ridge. Island Grove is conveniently located between I494, I694 and Hwy 169, but you would never know those highways are nearby as the community is quiet and peaceful. Eagle Lake, Pike Lake, Bass Lake, and Cedar Island ...
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By Steve Wilhelmy
(Keller Williams Classic Realty Northwest)
Affordable Houses for Sale Near Fish Lake Maple Grove, MNLooking for in the Fish Lake West communities?Interested in finding Affordable Houses for Sale Near Fish Lake Maple Grove MN? Click that link to see the current available homes and lots for sale super close to Fish Lake for $350,000 or less! The Fish Lake West subdivisions of Maple Grove are located around Fish Lake. Built in the 1980's through the 1990's, these homes offer an affordable option for families looking to move near Fish Lake in the ever popular northwestern suburb of Minneapolis; Maple Grove.This locale is perfect in so many ways because it is rustic with mature lots, lot sizes are good sized, the nearby parks and trails are copious; many are a part of the Three Rivers Park District. In addition, residents enjoy the ...
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By Steve Wilhelmy
(Keller Williams Classic Realty Northwest)
Houses for Sale in Eagle Lake Estates Maple Grove, MN Looking for a Home in Eagle Lake Estates?Interested in finding Houses for Sale in Eagle Lake Estates Maple Grove MN? Click that link to see the current available homes for sale in Eagle Lake Estates. Eagle Lake Estates is an inviting community located south of 73rd Ave N and east of Hemlock Ln N in the ever popular Minneapolis suburb of Maple Grove. The subdivision is next to Eagle Lake and across the lake from Eagle Lake Regional Park. The lots here have mature trees. The location is very convenient as it is just a short distance to the Shoppes at Arbor Lakes and all the amenities of Elm Creek Boulevard and to Hwy 169 and I94.  What are the Homes Like?The Eagle Lake Estates community consists of two-story style homes and split-entr...
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By Steve Wilhelmy
(Keller Williams Classic Realty Northwest)
Homes for Sale in Appaloosa Woods Maple Grove, MN Looking for a Home in Appaloosa Woods?Appaloosa Woods is a large subdivision loacted west of Cty Rd 101 (Troy Ln N) in Maple Grove. The neighborhood sits in an absolutely perfect location! It's right across from Weaver Lake and close to all the conveniences Maple Grove has to offer, like Rush Creek Golf Club right down the road. Major highway access is not far, yet the neighborhood is just peaceful and picturesque. The neighboring subdivisions are Rush Creek Villas to the south, Weaver Lake Highlands and North Ridge Woods to the east, and Cobblestone Hills to the north. There are also a few tiny subdivisions sandwiched in the center of Appaloosa Woods. It is such a neat area. Interested in finding Homes for Sale in Appaloosa Woods Maple...
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By Steve Wilhelmy
(Keller Williams Classic Realty Northwest)
Homes for Sale in Shannon Lough Maple Grove, MN Looking for a Home in Shannon Lough?Interested in finding Homes for Sale in Shannon Lough Maple Grove MN?Shannon Lough is a small Maple Grove subdivision located just north of Bass Lake Rd west of  Lawndale Lane. The surrounding subdivisions are; Woodland Creek, Gleason Farms, and Maple Brook.Residents here enjoy a very well kept neighborhood in a very convenient location.  What are the Homes Like?The houses here are two-story or rambler style homes that sit on lots varying in size from .26-.57 acres. The homes here were built from 2002-2006. The finished square footage ranges from 2,678 (with an unfinished lower level) to 4,450, so these are large homes. You will find 4-6 bedrooms, 3-5 bathrooms, and attached 3 car garages in these homes...
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Homeowners who are struggling to make their monthly mortgage payments can make it easier on themselves by cutting costs in other areas. Learning how to budget effectively will likely enable homeowners to pay their mortgage payments on-time, every time. Here are five of the best budget tips: Conserve Energy: It is advisable to be mindful of energy use in order to keep utility bills down to a minimum. Lights, televisions and other devices requiring electrical power are best to leave off in unoccupied rooms. It is also a good idea to make sure that windows and doors are properly sealed so that energy is not wasted. Stay Committed to Couponing: All too often, coupons that arrive in newspapers or through emails are quickly discarded. Collecting coupons from various sources can give homeowner...
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By David Kosmecki
(American Pacific Mortgage)
Buying a home is one of the most exciting times that an individual will undertake in life. However, a property purchase is not without its challenges, and these can cause frustration. In this article we'll share five potential setbacks that home buyers will need to understand and come to terms with to make a successful purchase. Homeowner's Insurance is Necessary: Most lenders will require insurance before financing is approved. To fulfill these requirements, the policy should be for at least one year and proof that the policy has been paid for must be presented. Purchasing the policy is something that must be done before closing can take place, so if you're sure that this is the home for you, don't delay. Some Sellers Are Firm, No Matter What: In an ideal situation, the buyer and the s...
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By David Kosmecki
(American Pacific Mortgage)
There are different timetables for mortgages. The most common types are 15-year and 30-year mortgages. However, a mortgage broker can establish unique timetables for a homeowner, such as a 40-year mortgage. Friends may recommend going for a long-term timetable, but what do professionals think of a 40-year mortgage? Here is what you may want to consider to see if a 40-year mortgage is appropriate for you. The Monthly Rates Will Be Low: Compared to a 15-year or a 30-year mortgage, the monthly payments for a 40-year mortgage will be lower. Since the mortgage is spread over 10 years beyond a conventional 30-year mortgage, homeowners will see much lower mortgage payments per month. This can be very attractive for homeowners who need to control their housing costs per month. Long Term Costs: ...
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By David Kosmecki
(American Pacific Mortgage)
Before you make a major structural change to your property, it is important to consider how this will affect your resale value. While there are many steps that you can take to improve your property, the addition of a detached garage may be beneficial to you and may drastically improve your resale price when you are ready to sell. You should always first obtain customized information about how the addition of a detached garage may affect your property's value. Adding Square Footage to Your Home: As a property owner, you may be well aware that one of the most common ways the value of your property is determined is by the market rate for price per square foot of homes in the area. While factors such as age of the property, condition of the property and amenities in the neighborhood may aff...
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By Steve Wilhelmy
(Keller Williams Classic Realty Northwest)
Homes for Sale in Four Seasons at Rush Creek Maple Grove, MN Looking for a Home at Four Seasons?Interested in finding Homes for Sale in Four Seasons at Rush Creek Maple Grove MN? Four Seasons at Rush Creek is a 55+ community in a fantastic location with great amenities and beautiful townhomes. If you are looking for low maintenence living in a well-kept neighborhood, this is the place for you. The community is located on the western edge of Maple Grove off of Troy Ln N (Cty Rd 101). The surrounding subdivision are; Killarney Glenn, Hidden Creek Estates, Maple Creek Estates, and Maple Brook. What are the Homes Like?The detached townhomes here are built by homebuilder K. Hovnanian. They offer seven different home designs; all designed for one-level living. You can find homes here or have...
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