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Preparing Your Home for Sale: Make Repairs
Before a buyer considers your home seriously, it must meet his needs in a variety of ways. It must be a suitable commuting distance, neighborhood, design style, floorplan, size, number of bedrooms, etc. If all or most of these needs are met, the...
Real Estate – The Boom Is Over!
Sales of existing homes fell a bigger-than-expected 2.7 percent in October, a fresh sign that the red-hot housing market is cooling. The decline would have been worse without increased demand from displaced hurricane victims.
Though prices rose...
Texas Real Estate – Property In The Big State
Everything in Texas is big, including real estate options. If you’re considering a move to Texas, here is a primer on the state.
Dallas
Dallas is a big city with a definite oil influence. There is a certain over the top feeling about Dallas,...
The Time Is Right To Buy A French Chateau
Buying a French chateau is the ultimate real estate dream. What could be more inspiring than relaxing in a luxurious room of your own 18th century French chateau, listening to the crackle of a roaring fire in the grate while gazing out over your own...
When is the Best Time to Move?
As Realtors, we are often asked, "When is the best season to move?" This is a tough question, one we cannot answer for you. Most people are asking about price, do they fluctuate throughout the year? NO. Just the number of homes on the market...
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How To Buy A Vacation Property In Minnesota
Purchasing a vacation property is a big step for most people. If it is your first, you need to keep several things in mind before you move forward with a purchase.
1. Decide what type of property you want. Perhaps, as travelers, you simply want a lot to park a RV. Perhaps a simple seasonal cabin on the lake. Or a regular, year-round home suitable for retirement. Do you like to swim, fish or go boating? These are all questions you should ask before you even think about buying.
2. Vacation SEVERAL times to the area you are interested in purchasing property. You will then get a feel for the other people in the general area, and if you'll "fit in". You will also want to find the best locations for food, shopping and entertainment that best suit your lifestyle. Fortunately, many of these amenities exist in the Central and Northern parts of Minnesota lakes country. Remember, summer-time traffic in the lakes areas of Minnesota is heavy at times, light at others, consider this in your location selection.
3. Decide on your price tolerance. Gone are the days of "cheap" lake cabins and homes. Lake shore property in Minnesota sells for a premium price, even undeveloped lots are expensive. Decide how much you are looking to spend and arrange your financing if needed before you start looking. This will make your buy process much smoother.
4. Get as much information on listings and property for sale in the area you are
interested in as possible. This means gathering all the real estate guides, newspapers and free-shoppers. Find out what is for sale in your market and price levels. Make a list of features and benefits of properties you are interested in. Compare prices from one area to another. This intelligence will give you the insight you need to make a good buying decision.
5. Select and use ONE Realtor. The services of a Realtor that specializes in vacation property is key. Their insight to the current market can guide you toward the right purchase, based on your personal interests. Since you will be armed with the information you gathered on potential properties, and have answered all the tough questions about prices, location and financing before even approaching an agent, your agent you selected can focus on the process of finding the property that is right for you.
About the Author: Jennifer McTighe is Realtor for Coldwell Banker, Property III in Crosslake, MN and specializes in vacation property. This poplular area attracts visitors throughout the US, due to the scenery, fishing, boating and community activities in the area. For more information, visit http://www.jennifermctighe.com Or call 218-330-4406.
Source: www.isnare.com
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