3 most frequently asked questions from buyers

April 28, 2014

There are many questions that buyers have when purchasing a home. All relate to the entire transaction from start to finish. As your local Real Estate Economists, we ensure all of our clients know what the process is to purchase a new home, every step of the way. We hear many of the same questions from buyers who are in the market to purchase a home and here are the answers to those frequently asked questions.
What is earnest money and where does it go? When writing an offer on a home you put down, what is called earnest money. This is to let the sellers know that you are earnest about purchasing the property. This earnest money is put into the Listing Brokers trust account within 2 business days of final acceptance and goes towards your loan at closing.
How do you (my Realtor) get paid? When working with a Licensed Realtor many clients ask how we get paid. There is typically a commission payout amount that the seller has previously agreed to pay to the listing agent, as well as the selling (buyers) agent. The buyer does not pay the commission.
Is this home worth the list price? Prior to writing an offer we do a Current Comparable Market Analysis to make sure the home you are looking to purchase is priced appropriately. There are many things that go in to this analysis. This will give us the correct price range at which the market suggests it is worth and will better prepare you for the price you choose to offer.
If you are thinking about purchasing a home and/or need to sell your home, contact us today. We go over current market trends and have fantastic lender referrals available, all who are ready and able to assist you. My team and I are licensed Realtors in MN, working in the Twin Cities and greater Metro Areas. We’re dedicated to providing the very best service to all of our clients – past, present and future.

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Chelsea Knutson and the Better Living Group

Realtor- GRI, ABR, CDPE

Keller Williams Classic Realty NW

Posted in Community /Real Estate News, Updates & Trends /

Just Listed: Move-In Property with Elm Creek Park Reserve Access

January 23, 2014 Martini - Exterior Front

Our team, the Better Living Group, in Maple Grove, MN has just listed this beautiful single family home! This home has many great amenities including an upgraded kitchen with stainless steel appliances and beautiful granite countertops. It is a 4-bedroom house with 2-bathrooms, equipped with plenty of living space and extra storage.
An easily accessible location with front to back tree coverage, large backyard, a fire pit and a horse shoe pit – all made to entertain on those beautiful summer days & nights that are about to come our way! The backyard backs up to Elm Creek Park Reserve trails, with miles of fun for winter or summer activities.
If you are interested in this property, are thinking about purchasing a home in the Maple Grove area and/or need to sell your home, contact us today! We know the current market trends and have some fantastic and reputable lender referrals available, all who are ready and able to assist you in purchasing your new home.
The Better Living Group are licensed Realtors in MN, working in the Twin Cities and greater Metro Areas and we’re dedicated to providing the very best service to all of our clients – past, present and future.

Martini - Exterior Back
Martini - KT

Chelsea Knutson and the Better Living Group

Realtor- GRI, ABR, CDPE

Keller Williams Classic Realty NW

Posted in Community /Open House /Real Estate News, Updates & Trends /

Home Buyers | Credit Scores & Down Payment Requirements Ease

October 16, 2013

If you are thinking about purchasing a home and are concerned about getting a loan due to what you’ve heard about and/or previously experienced when it comes to getting approved for a loan, it’s time to take another look.

A recent study by Housingwire, says that lenders are starting to ease up on borrowers. Lenders are beginning to approve more loans for those who have credit scores under 700. This is great news for all homebuyers who have some debt or discrepancies that held up the approval process in the past. Whether it is higher student loans, credit cards or a past short sale or foreclosure, you may now have the opportunity to purchase your new home, depending on your current credit score. The fact that lenders are easing up on requirements will make it easier for homebuyers to come in and get a loan to purchase the home of their dreams.

The Housingwire study also stated that banks have started to lend larger amounts of money while requiring a lower down payment. The minimum down payment for a Conventional loan could be as low as 3 to 5% and FHA is 3.5%, which is a low down payment for those who have cash flow, however, want to keep some of their nest egg in the bank.

If you are thinking about purchasing a home and/or need to sell your home, contact me today. We will go over current market trends and set you up with some fantastic lenders who are ready and able to assist you. I am a licensed Realtor in MN, working in the Twin Cities and greater Metro Areas and am dedicated to providing the very best service to all of my clients – past, present and future.

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Chelsea Knutson

Realtor- GRI, ABR, CDPE

763-496-2903

the Better Living Group

Keller Williams Classic Realty NW

Posted in Community /Real Estate News, Updates & Trends /

OPEN HOUSE: Sept. 28th & 29th 12-2pm

September 26, 2013
OPEN HOUSE, September 28, Saturday 12:00 PM – 2:00 PM
13905 53rd Avenue N #10, Plymouth, MN
Get Directions Click Here
Description Features Photos Maps & Local Schools Virtual Tour
$ Click for current price
2 BEDROOMS
2 BATHROOMS (1 full, 1 half)
1580 Square Feet

Updated, upgraded & move-in ready, new appliances & major systems, fresh paint and design, private location, the perfect start to homeownership. Nearby parks, trails, shopping, entertainment & freeway access.

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Chelsea Knutson
Keller Williams Classic NW
763-496-2903
cknutson@kw.com
L2L Virtual Tours

Posted in Local Festivities /Real Estate News, Updates & Trends /

Minneapolis on The Rise: Real Estate

September 20, 2013

Every real estate market in the U.S, never stays the same. Housing is nearly always shifting with market ups and downs that certainly change the way we move forward in selling and buying a home. The good news, statistics show Minneapolis is on the upswing and on the rise!

Many factors will go into determining what the current market trends are in a particular area. The Minneapolis Area Association of Realtors has reported that pending home sales, in August 2013, rose 10.9%. With less than 4 months of supply on the market, we are currently in what some would say is a Seller’s market. This means that home prices are on the rise and with inventory this low, many buyers looking to purchase are finding there is not much to choose from – which tends to give Sellers the advantage when it comes to negotiating the sale price. Current records show, the Real Estate inventory holds 15,773 active properties for sale, which is 9.9% lower then August 2012.

With that being said, more properties are coming up for sale and interest rates are coming in at a 5 week low. So even though home prices are on the rise, homeowners are still looking to sell and Buyers are getting great interest rate opportunities to purchase, which makes this the kind of market we all should be taking part in.

On a side note, foreclosures and short sales still have a presence when it comes to real estate inventory, something to keep in mind when either selling or buying in this market. In August of 2012 foreclosures and short sales made up 35.8% of the Real Estate sales activity, that number is down to 20.7% this year. Making it so the majority of houses for sale are traditional sales, thankfully, no waiting games or crazy addendums attached.

Of course when we take in all this information, we want to remember the current market in each area has its own local statistics, something my team and I are here to provide when you’re ready to sell or buy your new home. Feel free to contact us, anytime.

Chelsea Knutson

Realtor- GRI, ABR, CDPE

763-496-2903

the Better Living Group

Keller Williams Classic Realty NW

Posted in Community /Real Estate News, Updates & Trends /

Open House Saturday 9/7 & Sunday 9/8 12-2pm

September 5, 2013
Open House
September 07, Saturday 12:00 PM – 2:00 PM
September 08, Sunday 12:00 PM – 2:00 PM
Address
8256 Olive Court, Maple Grove, MN
 
Click for Directions!
 
Price
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4 beds
5 BATHROOMS (3 full, 2 half)
4660 Square Feet

 


View Property Website for more information,
pictures, current price, maps, schools and more!
Description

Executive Home on cul-de-sac, expansive Master Suite, Sunroom, New hardware/carpeting & walk-out Lower Level with work-out room, built-in bar & performance stage - an Entertainer’s dream! Minutes to Rush Creek Golf Course & Elementary, Maple Grove Hospital, trails, parks and shopping.

 
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Listing Details
 
Chelsea Knutson

Keller Williams Classic NW
763-496-2903
cknutson@kw.com
 
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Posted in Community /Open House /Real Estate News, Updates & Trends /

How to Prevent Water Intrusion in Your Home

August 30, 2013

When showing homes there are many things that Real Estate Professionals and potential homeowners will want to look out for, one major item to keep in mind are signs of water intrusion. When there is dampness on the basement walls and/or floors, a wet and musty smell, or water-marks in the ceiling, these may be signs that there has been water in the home, whether it has been recent or in the past. Of course, there are many different ways to prevent this sort of intrusion from happening in your home.

First, check to make sure there are gutters around the exterior of the property, if they are not currently there, they should be and may be something to discuss with your Realtor if this is the home you want to purchase. Gutters are a key component in water intrusion prevention, they should be properly installed and come out at least 6 feet from the foundation of your home. This will lead the water to run away from your home. When gutters are leading water any closer then 6 feet away, it may not prevent the water from running back to the home’s foundation and potentially cause water intrusion. If this is not corrected, it could eventually cause foundation problems in the future. Needless to say, gutters are a much needed component when it comes to the prevention of water intrusion.

The second key component in water prevention is properly landscaping and grading the dirt/land away from your house. Site grading is one of the easiest and cost effective solutions to properly drain water away from your home. Bringing the dirt to slope away at least 6ft, at a 1 inch slant down for every foot, so that the water drains away from the house is how you’ll want it done. You may hire a professional Contractor/Landscaper to do the grading or doing it yourself is also an option.

Keeping these home maintenance tips in mind will be a great benefit to you in preventing water from entering your home. As you may have gathered, water damage can sometimes make or break a sale.

If you have any further questions on water intrusion prevention, the process of buying a new home, or selling a home, please contact me today. I am a licensed Real Estate Professional in the Twin Cities Metro and Greater Minnesota Areas and strive to provide the best real estate service, with the support of my team the Better Living Group, for all of my past, present and future clients.

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Chelsea Knutson

Realtor- GRI, ABR, CDPE

763-496-2903

the Better Living Group

Keller Williams Classic Realty NW

Posted in Community /Real Estate News, Updates & Trends /

Condo Living on the Trails of Anderson Lakes

August 28, 2013

This hot property, located right off of Nesbitt Preserve Park and minutes away from the outstanding walking trails on Anderson Lakes, is a must see! Just minutes away from the Eden Prairie Center with all the shopping one would desire.

This is a 2-bedroom, 2-bathroom condo that includes a Master Suite with two closets and a ¾ bath of its own. Also including stainless steel appliances, laminate flooring and new carpeting throughout. Enjoy the screened-in porch with southwest views. This condo is on the top floor and equipped for one-level living that is completely move-in ready.

This is the condo for you! Contact me today for a private showing and for any questions you may have regarding this condo or any other properties on the market, I look forward to hearing from you!

If you have any further questions on the process of buying a new home, or selling your home please contact me today. I am a licensed Real Estate Professional in the Twin Cities Metro and Greater Minnesota Areas and strive to provide the best real estate service, with the support of my team, the Better Living Group, for all of my past, present and future clients.

Trails

Front

Chelsea Knutson
Realtor- GRI, ABR, CDPE
763-496-2903
the Better Living Group
Keller Williams Classic Realty NW

Posted in Community /Real Estate News, Updates & Trends /

Appraisals: Who’s Paying for it Anyway?

August 12, 2013

Once you have found the right home and are ready to move forward from your inspection, your lender will then perform an appraisal of the home. Unless you’re paying in cash, this will be a required step for your loan approval process. The lender being used to purchase your home needs to ensure the home you’re looking to buy, is currently valued at the price you have chosen to pay.

With that, an appraisal is typically an out-of-pocket expense for the Buyer and usually occurs prior to closing. The bank will order a third party appraisal company to go out to the property, review the property with its most recent comparables, check current market trends and bring back an estimated value. The appraiser is an individual who’s professional opinion will be one of the deciding factors that will effect the final approval of your loan.

Lenders require appraisals due to the fact that they don’t always come out with the value we all may expect. If your appraisal comes in lower than your purchase price, you and your licensed Realtor will look at the different options to move past the issue. If your appraisal comes in high, your loan will move forward and you’ll know you are purchasing the property for less then what it has appraised for and may have instant equity.

If you have any further questions on the process of buying a new home, or selling a home, please contact me today. I am a licensed Real Estate Professional in the Twin Cities Metro and Greater Minnesota Areas and strive to provide the best real estate service, with the support of my team the Better Living Group, for all of my past, present and future clients. My clients, are my friends.

appraisals250_250

Chelsea Knutson
Realtor- GRI, ABR, CDPE
763-496-2903
the Better Living Group
Keller Williams Classic Realty NW

Posted in Community /Real Estate News, Updates & Trends /

The Importance of a Home Inspection

August 2, 2013

When a purchase agreement has been signed, it is usually because the Buyer(s) have found “the one” and have already begun an emotional attachment to the property. As a Licensed Realtor in Minnesota, I am here to look past the emotional side and look for things that could adversely affect the Buyer’s use or enjoyment of the home. For example, I may preview for the condition of the roof, siding, windows, cracks in the foundation and possible water damage yet I am not a Home Inspector, a Home Inspector is the person who will climb onto the roof, go into the attic, inspect the electrical box, etc. – all things that are needed to make an informed decision on the condition of the property.

When a Home Inspector goes through a property they look at everything, from the exterior to the interior to the condition of the major systems that run the home. This is all to determine the home is safe and sound and won’t end up being a money pit. They are also there to make sure you know how to care for and maintain the home you are purchasing, no matter how long you intend to stay there.

Getting a home inspection is vital to becoming a successful homeowner. We encourage our clients to get a home inspection because no house is perfect, there will always be imperfections and being prepared for them is the best way to move forward. As a licensed Realtor, I want my clients to close on their new home feeling confident about their purchase, and the information given to them throughout an inspection is one of the ways I ensure that outcome.

Home-Maintenance

Chelsea Knutson
Realtor- GRI, ABR, CDPE
763-496-2903
the Better Living Group
Keller Williams Classic Realty NW

Posted in Community /Real Estate News, Updates & Trends /