Are you looking for Woodbury homes for sale? Recent MLS statistics show that transactions are up significantly over last year. Whether you are a Minnesota first time home buyer, moving up from a previous home or an investor, today is a great time to be looking for a home in Woodbury. With a combination of record low interest rates and reduced property values, housing payments haven’t been this affordable in decades. You will want to understand the 3 basic types of properties listed for sale.
Foreclosures often represent a great value for today’s home buyer. When a bank owns the home they want to sell it quickly as they are responsible for maintenance, utilities, and property taxes There is a lot of competition from home buyers today when a foreclosure comes up for sale at a good value. It is not uncommon to see multiple offers on a Woodbury foreclosure, sometimes driving the price above the list price.
Short Sales in Woodbury
Short sales can be a good opportunity for home buyers who do not need to move within the next 6 months or so. When a seller has a home on the market as a short sale, this means they will not be able to pay off the entire loan they have on it when they sell the home. This means that after they receive your offer you will need to wait while the seller negotiates with their bank to forgive a substantial part of their debt.
Traditional sales from a home seller represent at least half of the homes on the market today. These properties are often great values in part because there has been a property owner there to take care of any the necessary maintenance on the home. A traditional home seller will tend to be more apt to pay all of your closing costs as well. If you are looking for a well-maintained home where you can move in quickly with great financing terms, a traditional home sale is the way to go.
Woodbury, Minnesota: A Great Place To Buy
If you are looking for Woodbury real estate you'll find this to be one of the more prosperous communities in the metro. The community has risen in stature over the last 20 years and consistently ranks high in Money magazine's best places to live in the United States. With a combination of stable economy and excellent schools, Woodbury, MN is an excellent place to raise your family. The system of parks, trails, and open spaces in Woodbury has been noted by its residents as one of the most important reasons they choose to live here. If your family is into active sports be sure to check out the Bielenberg Sports Center with its indoor ice rinks and complex of baseball and soccer fields. Woodbury also offers an excellent parks and recreation department with activities for both young and old.
First Step To Buy A Home: Get Preapproved
For many Minnesota first time home buyers the intimidating question is where do I start? Your very first step towards buying your first home is to get prequalified for a home loan. By doing so you find out how much you are qualified for so that we can research homes in a price range with comfortable payments for you.
Sales Executive, Licensed Realtor in Minnesota
Woodbury, MN 55125
With a focus on Woodbury real estate and surrounding communities.