Maple Grove Real Estate Market Remains Strong as Summer Comes to Close (Sponsored)
Sep 05, 2017 07:30PM ● Published by Jaimie Schmeling
The following post was written, provided and sponsored by Jaimie Schmeling Edina Realty.
I hope you enjoyed my first blog article last month. I introduced myself to Maple Grove and the Maple Grove Voice. If you have not read it, please consider looking back to see what I do that sets myself apart from the rest of the realtors. My slogan "Opening the Door to Your Dreams" is true for some people don't realize what they can do until I help them see it! I love teaching my clients so they are informed and can make the best decisions for their family!
Each month I am going to share local market information, as is lender Kyle Field, whom I am introducing to you here today! Please contact me if you would like regular market information coming to you.
The change in new listings in Maple Grove from the Minneapolis Association of Realtors data are down -7.1% in July to 182 homes sold. Year to date, listings are up +13.4% at 1,414 homes sold, so there are new homes coming on regularly with sellers who want to capitalize on the market.
Buyers need to know how to act on a new listing when they see it. I am happy to share with you how to secure that home. We are still looking for listings for the buyers who are out there in large numbers, creating multiple offers, and often a great home gets an accepted offer on day one! It is even better news for home owners in Maple Grove to hear that the return on their home rose to $137 a square foot +6.2% per square foot in July. Year to date, it is at $136 a square foot over 2016's square footage at $127. A +7.4% return in 2017.
I have partnered up with a lender I think does an exceptional job and he will be updating you on the home mortgage side each month. I would like to introduce Kyle Field, AMEC, American Mortgage & Equity Consultants. Take it away, Kyle!
My expertise in the mortgage industry began in 2002. I attended Anoka Ramsey College and St. Cloud State University, graduating with a business degree in 2001.
Communication, organization and follow through are abilities I take pride in. This allows me to pay close attention to the details and focus on my client’s needs. Educating clients in all aspects of the loan process is very important to me. You can be confident that I will go above and beyond to accommodate your needs throughout this entire process. I believe that this is not just about a home loan but more importantly building long term relationships together!
The inventory right now is historically low so if you want to purchase a home, you need to be ready to go. Realistically a buyer needs to have their ducks in a row to even tour a home. A pre-approval letter is a must for buyers so a realtor can be ready to go when a new listing comes on. Most listing agents require one to be able to consider any offer.
A good realtor and mortgage consultant is a great place to start. Jaimie and I have years of experience in this housing market. As I've noted already, move quickly and call on us to help you with the offer on your next real estate venture and we will lead you through the process. The interest rates right now are VERY affordable and most of the time payments are cheaper than rent. This is a win for buyers in a sellers market!