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 – Coon Rapids SF Home

March 21, 2014

Our team, the Better Living Group at Keller Williams Classic Realty NW in Maple Grove, MN has just listed this beautifully updated single family home in Coon Rapids! This home has many wonderful amenities including a fully updated and renovated kitchen with stainless steel appliances and beautiful granite countertops, as well as a large center island for plenty of counter space.

This home features 3 bedrooms and two bathrooms, both of which have been remodeled. There are new utilities: furnace, water heater and water softener. Beautiful hard wood floors accompany this home along with a new sliding glass door on the upper level leading to the deck, which over looks a large pond. This pond can be utilized as an ice rink in the winter and great for sitting on the deck and watching the ducks and geese in the summer.

If you are interested in purchasing a home in the Coon Rapids area, contact me today for a private viewing of this wonderful home – you don’t want to miss this!

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. 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.

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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 /

Just Listed – Updated One ½ Story home in Roseville

February 6, 2014 Hurm - Porch

My Team, the Better Living Group at Keller Williams Classic Realty NW in Maple Grove, MN, has just listed this beautifully updated one ½ story home in Roseville, MN. This home includes over 1,800 sq ft of space including 4 bedrooms and 3 bathrooms, one on each level. The beautiful and original hard wood floors are sure to catch your eye!
Off the back of the home there is a beautiful 3-season porch, it stays nice and toasty when enjoying your morning cup of coffee and sitting by the fireplace! Also including a large deck with plenty of space to entertain throughout each season.
If you are interested in this property, are thinking about purchasing a home in the Roseville 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.

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Chelsea Knutson and the Better Living Group

Realtor- GRI, ABR, CDPE

Keller Williams Classic Realty NW

Posted in Community /Local Festivities /Open House /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.

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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 /

Update: Mortgage Interest Rates at Four Month Low

November 1, 2013

Due to the recent government shut down the mortgage industry has seen some changes, added with weak job numbers as a result of the shutdown, fixed mortgage rates are now at a four month low.

In July of this year we saw interest rates begin to rise with 30-year fixed rate mortgages go from 3.93% to 4.46%. This was the largest jump in interest rates at one given time since 1987. Now, since the shut down, we have seen rates drop from 4.28% to 4.13%. This is still quite a bit higher then last year, which was 3.41%, yet the rates are still low and affordable for many of us looking to purchase a new home.

If you are thinking about purchasing a home and/or need to sell your home, contact us today. We will go over current market trends and have some 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 and we’re dedicated to providing the very best service to all of our clients – past, present and future.

Chelsea Knutson and the Better Living Group

Realtor- GRI, ABR, CDPE

Keller Williams Classic Realty NW

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

Showings: Homeowner Tips & Tricks

October 9, 2013

When selling your home, many Sellers ask how they should prepare when Buyers schedule a showing to walk through their house. Do I stage it? Do I put certain things away? There are many tips that we can give you when you are in the market to sell your home. In order to make the most amount of money in the most efficient amount of time, here are a couple of things to keep in mind.

First up, simplify. When your home is filled with all of your personal pictures and memories, it makes it harder for potential home buyers to walk through and picture themselves living out their future memories. Also, if there is just a few too many pieces of furniture to maneuver around, it will make it more difficult for the Buyers to see how large and useful the space will be for them. Clearing out and simplifying your house for sale will benefit both parties – as the Seller, you’ll be halfway done with packing before the sale, which will make your move less stressful and more enjoyable.

Second, the cleanest house always wins. Buyers will make an initial judgment about a home within the first few seconds of entering. Putting away your morning dishes, wiping down the main visible areas and vacuuming will benefit their initial reaction to entering your home. A clean and clutter free house is a great start to making the best out of selling your home.

If you are thinking about selling your home, or buying a home, give us a call. The market is hot, home prices are on the rise and interest rates are still historically low. We always want the best for our Buyers and Sellers and are readily available to help with all of your Real Estate goals and dreams.

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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 /

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
 
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Price
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4 beds
5 BATHROOMS (3 full, 2 half)
4660 Square Feet

 


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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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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 /

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.

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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 /