Burnsville, MN Real Estate News

By Mike Carlier, More opinions than you want to hear about.
There's only one Mothers Day, Fathers Day, Valentines Day, Grandparents Day, Administrative Professional's Day, etc. each year.  In the case of grandparents, they often share their day with up to three others.  Great grandparents don't get their own day, so they have to share Grandparents Day which is already a little overcrowded.The one person who is honored, not once yearly, but a dozen times each year, is your landlord.  The first of each month is Landlord's Day, or Landlord Appreciation Day if you choose to call it that.  He doesn't get anything from Hallmark, but he always receives a nice present.  Every month renters around the world, even in Minnesota, honor their wonderful landlord with a monetary gift.  You pay his mortgage, his taxes, his dog food bill, with enough left over f...
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By Casey J. Anderson
(IBR Realty)
How to buy a Burnsville foreclosure Are you looking to buy one of the foreclosures in Burnsville? Whether you own a home now or are a MN first time home buyer, you should learn the basics before going out to buy. While there are many great values in Burnsville foreclosures you should be prepared for how to negotiate your offer. As the sixth largest city in the Twin Cities area, Burnsville, MN is an excellent bedroom community to both Minneapolis and St. Paul. While experiencing a population explosion from 1970 through 2000 tripling in size to just over 60,000, Burnsville is now fairly well built-out and its total population has stabilized over the past ten years according the 2010 census. Large employers in the city include Independent School District 191, Fairview Ridges Hospital, and ...
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By Mike Carlier, More opinions than you want to hear about.
Like human food and lots of other things, dog food prices are going through the roof.  If our country would stop trying to make fuel out of everything except natural gas, maybe prices would stabilize or drop, but that's another story. Today I want to commend landlords everywhere for doing what is necessary to feed their dogs the high quality and healthy food they deserve, even in the face of ridiculously high prices.  Yes, all you had to do to afford the higher dog food prices was raise the rents of your tenants, and that you did with gusto.  Congratulations on your astute problem-solving tactics.  Sure, there are a few renters who are upset, but you, Mr. Landlord, are the one who has kept their expenses down.  Without your guidance, they would all probably have dogs, and they would all...
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By Mike Carlier, More opinions than you want to hear about.
There are many ways to measure affordability, and they all have their attributes and shortcomings.  For this report, I chose to simply measure the ratio of homes priced at or under $150,000 over the total number of active home listings. According to information provided by the Regional Multiple Listing Service of Minnesota, Inc., there are 2,525 homes listed for sale in Dakota County.  of that total, 927, or 37% are priced at or below $150,000.  In comparison, Burnsville has 374 homes for sale with 168 of them (45%) priced at or below $150,000.  That makes Burnsville appear above average in its current availability of affordable homes.  It compares favorably to all the other bordering communities. Given the city's amenities and commutable location,  Burnsville is an excellent place to b...
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By Mike Carlier, More opinions than you want to hear about.
Like a number of Dakota County communities, Burnsville's housing market is right for first time home buyers.  According to the Regional Multiple Listing Service of Minnesota, there are 377 homes for sale in Burnsville with nearly half of them priced under $150,000.  Given its reputation as a great place to live, work, and play, Burnsville housing is a very attractive option. If you're a renter, and if you're hoping to make a lifestyle upgrade, take advantage of this offer.  Spend an hour or so learning about the real estate market, and financing options, including help with down payment and closing costs.  Find out what it takes to buy a foreclosure or a short sale, and whether it makes sense to take a chance on a bank owned property.  Learn how you can get a buyer's agent to advocate e...
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By Jennifer Tyre, luxury home specialist, short sale, bank owned, buyers agent
(Re/Max Results, house for sale in mn)
City of Burnsville, MN City of Burnsville, MN was once a rural farming community and has since boomed into a beautiful family oriented community. The city of Burnsville, MN has blossomed over the years into the tenth largest city in the state of Minnesota. The city of Burnsville, MN is home to many attractions including amusement parks as well as a huge business and shopping district. The city of Burnsville, MN mainly consists of single family homes as well as single family apartments, condos and neighborhoods. The city of Burnsville, MN is a great area to purchase real estate or to build a new home. The city of Burnsville, MN hosts many community events throughout the year. Some of these community events include the Art and All That Jazz Festival, The Fire Medallion Hunt, and the Inter...
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By Mike Carlier, More opinions than you want to hear about.
February 2 marked the beginning of the Minnesota house hunting season, and it looks like buyers have responded well in Burnsville.  According to Regional Multiple Listing Service of Minnesota, there are 245 homes for sale in Burnsville priced at or below $200,000.  Since February 2, there have been fifty-two accepted offers on homes in that price range.  That's about one in five homes no longer available to buyers who have not yet started house hunting. There are still a lot of homes on the market, and some of them are almost as nice as the ones you missed.  If you have any interest in firing your landlord this year, now is the time to take action.  Call me today for a free and fun house hunting strategy session. It will help prepare you for the challenges of house hunting in today's ma...
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By Mike Carlier, More opinions than you want to hear about.
Minnesota house hunting season is officially in its first weekend and, since official opener on February 2, there is no doubt that the good stuff is going fast.  For the early season hunters, there was lots of inventory and great buying opportunities on some really nice homes. Just like the Minnesota walleye season where most of the fish are caught in the first couple weeks, most of the best opportunities will be gone in a short time.  Of sixteen home listings of interest identified by one of my clients last Wednesday, seven are off market with an accepted offer.  The optimists would say that there are still nine left to tour and consider, and they're right.  Well, they're sort of right.  Which seven have been sold?  The best ones or the worst ones?  Our list has been chopped from the t...
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By Mike Carlier, More opinions than you want to hear about.
According to city data, there are approximately eight thousand renter occupied homes in Burnsville. If you are one of those eight thousand folks currently helping someone else make a mortgage payment, why not consider giving him an annual review? Here are a few questions about your landlord that you may want to ask. Actually, you probably know the answer to them, but keep score. Can you count on not having the rent raised in the next few years? Can you decorate any way you want? Can you deduct the property taxes and the interest on the mortgage payment you are making for him? Can you have a dog? Ok, now that your landlord's annual review is complete, is he worth not firing? Just because you don't want to ruin his holidays is no reason to delay the preliminaries. Call me to arrange for a...
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By Robert Stewart
(Keller Williams Preferred Realty)
The OFFICIAL Burnsville Real Estate MASTER List (save these links, they're always current): Burnsville Single Family under $100,000 Burnsville Single Family $100,000-$200,000 Burnsville Single Family $200,000-$300,000 Burnsville Single Family $300,000-$400,000 Burnsville Single Family $400,000-$500,000 Burnsville Single Family $500,000-$750,000 Burnsville Single Family $750,000-$1,000,000 Burnsville Single Family $1,000,000-$2,000,000 Burnsville Single Family Over $2,000,000 Burnsville Townhomes & Condos under $100,000 Burnsville Townhomes & Condos $100,000-$200,000 Burnsville Townhomes & Condos $200,000-$300,000 Burnsville Townhomes & Condos $300,000-$400,000 Burnsville Townhomes & Condos $400,000-$500,000 Burnsville Foreclosures under $100,000 Burnsville Foreclosures $100,000-$200,000...
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By Mike Carlier, More opinions than you want to hear about.
There's nothing wrong with renting if you love your landlord and enjoy being treated like a child.  Well, nothing but the lack of privacy and that obnoxious other tenant who can't seem to keep the noise down and loves the odor of burning grease.  The rent's probably going up next year, but you're saving money on dog food since you can't have a dog. If you're renting and running out of patience, now is the time to start preparing for a spring move.  Most leases end in either May or June, and you need to indicate your intention to renew 30 - 60 days before their end date.  Just like Christmas shopping, most buyers put off shopping for a new home until it's too late to thoroughly research the market and develop a well-planned buying strategy.  Don't wait until the tulips pop up before star...
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By Mike Carlier, More opinions than you want to hear about.
There are a lot of homes on the market, and there are a lot of homes that were listed and failed to sell. Many Burnsville homeowners have listed their homes for months with nothing to show for the effort but an expired listing contract and a pile of buyer agent business cards. Lots of showings and no action, sound familiar? When you sell real estate, you need all the help and information you can get to gain advantage over other sellers. You're not only competing with your neighbors who want to sell their homes, you're also competing with foreclosures and short sales. Selling a home is not easy, but it's not impossible either. If you have had your home on the market for months and it failed to sell, you probably need our help. We are well-equipped to conduct a thorough and straight-forwa...
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By Kenden Post
(Coldwell Banker Burnet)
Burnsville Real Estate Market Update for first time home buyers, home sellers, and relocation to Burnsville. New listings were up 4% for the month in Burnsville. The surprising number is closed sales being down 70%. This could be with the tax credit going away and the tight credit market. Lenders need to loosen their underwriting policy's to get more home buyers back into the market. Just a thought. With the number of people that have lost their homes due to foreclosure this is something I think needs to be looked at. Median sales price increased with average sales price increasing also. Average days on market was down 36% to 89 days. This is below the year to date number of 13% or 122 days. Single family inventory was up 5% and townhouse and condo inventory up 10%. Do you know someone...
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By Kenden Post
(Coldwell Banker Burnet)
Where have all the buyer's gone? What a difference one month makes when the government incentives for first time home buyers and home sellers went away. New listings for Burnsville we up 12% with closed sales being down the same amount. Median sales price was down slightly at 4% but is still above the 12 month mark. Average sales price was up 5% with home and property sellers getting right at what they listed their homes for on day one. Very smart move for home sellers. Average days on market was down 3.5% so for the month we are in a sellers market. Single family inventory was up 1% and townhouse and condo inventory unchanged. Burnsville, MN     June     June     June      YTD     YTD       YTD Dakota County, MN 2009 2010   Change 2009 2010   Change New listings 124 139 12.1 760 745 -2...
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By Kenden Post
(Coldwell Banker Burnet)
This is still a great market for first time home buyers to enter into and find a home at 2000 pricing levels. The new listings in Burnsville were down 31% over last month with closed sales up 15%. Both good trend lines for the month to return to a more balanced market. Median sales prices were up 4% and average sales price was up 5%. The percent that a home owner received  at closing of the original listing price stayed unchanged. Home owners are pricing their homes and properties correctly on the first day. Average days on market was down 11%. Inventory was down for single family residences by 14% and townhouse and condo inventory down 3%. Burnsville, MN     May     May     May      YTD     YTD       YTD Dakota County, MN 2009 2010   Change 2009 2010   Change New listings 137 94 -31.4 ...
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By Mike Carlier, More opinions than you want to hear about.
If you're a first time home buyer, almost, and need a little help, this could be a great opportunity. According to the Dakota County Community Development Agency, there is still funding available for their downpayment and closing cost assistance program.  There are a few qualification criteria, but they are not extremely prohibitive.  For instance, maximum annual income for a one or two person household is $83,900, and more for larger families.  This is an excellent way for a renter to move up to home ownership.  Depending on your income and the price of the home purchase, as much as $10,000 may be available to you.  For more information, contact Dakota County CDA.  For information on available homes, call me at 612-916-3033.  This is a great opportunity for aBurnsville renter to become...
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By Mike Carlier, More opinions than you want to hear about.
Down payment assistance is available for first time Burnsville home buyers and others who have not owned a home for at least three years. This program is made available through the Dakota County Community Development Agency, and it provides financial resources to make your home purchase successful. The program is not available to everyone. There are credit score and maximum income requirements, and there is a mandatory attendance in the Homestretch Homebuyer Education Program. Topics covered include: Budgeting and Credit Issues, Financing and Qualifying for a Home, Shopping for a Home, The Purchase Process, Closing on a Home and Life as a Homeowner. It is a worthwhile effort and I recommend it to all prospective home buyers. If you are thinking about buying a home in the next year, it's...
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By Mike Carlier, More opinions than you want to hear about.
We conduct stress tests on home listings that have gone out of contract without a sale.  If you want to know why your home failed to sell, contact us now to schedule a comprehensive analysis.    Just about everybody knows that there are a lot more homes for sale in Burnsville than there are buyers. When you sell real estate, you need all the help and information you can get to gain advantage over other sellers. Remember, you're not only competing with your neighbors who want to sell their homes, you're also competing with foreclosures and short sale offerings. If you have tried to sell your home and came up with nothing but an expired listing contract, you probably need our help. All members of our group are licensed real estate professionals with years of experience in cross-industry t...
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By Kenden Post
(Coldwell Banker Burnet)
Here are the final sales numbers for Burnsville MN October 09 home sales; Burnsville, MN Oct. Oct Oct Entire Year Entire Year Entire Year Dakota County 2008 2009 Change 2008 2009 Change New Listings 106 101 -4.7 1291 1192 -7.7 Closed Sales 50 68 36 519 565 8.9 Median Sales Price 180550 168050 -6.9 207000 172500 -16.7 Avg.Sales Price 181500 175150 -3.5 211681 184620 -12.8 % of original list price 92.7 94.5 1.9 926 92.4 -0.2 Avg. DOM 143 166 15.7 140 141 1.1 Single family inventory 240 198 -17.5       T/H-Condo Inventory 234 166 -29.1         Kenden Post-CDPE, SFR, ePro Coldwell Banker Burnet-Apple Valley, Minnesota www.OurFirstMinnesotaHome.com Kenden@KendenPost.com (o)952-997-1960, (f)952-997-8810, (c)612-310-6304        Do you know anyone facing foreclosure? You do have options.  We ar...
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