From May to 2009 to May 2010, there was a 15% increase in closed sales. From June 2009 to June 2010 the number flip flopped to a 12% decrease in closed sales, sitting at 71 closings last month. YTD that leaves the overall closed sales figure up 7% with a total of 328 closed sales in Burnsville real estate.

[ August 19, 2010; 6:30 pm to 8:00 pm. ] So you want to buy a house – where do you start?! The first step towards home ownership is getting educated about the home buying process and finding a Team of Professionals you can trust and feel comfortable with. Please join us for a informative 90 minute home-buying seminar where you will learn everything you need to know about buying your first home.

If you’re thinking about buying your first home, these five steps can help ensure you get the right house and the affordable financing that helps make home ownership a long-term success:

The Dakota County CDA has announced a rate change for the first mortgage. The new rate is 4.75% for all loans reserved beginning July 2, 2010 and continuing until further notice.

I told this woman (we’ll call her Elna) that she could possibly qualify for a low fixed mortgage interest rate of 4.75%, and receive up to $15,000.00 in down payment and closing cost assistance using Dakota County Bond

RE-PULL A CREDIT REPORT AT THE CLOSING TABLE? Starting with new applications as of yesterday, 6/1/10, Fannie/Freddie are requiring that lenders pull a final credit report just prior to closing. If a buyer’s credit scores have lowered, new debt has occurred, etc, then this could stop a closing in its track.

When it come to Burnsville real estate, the same trend has happened. There is a 6% decrease in new listings during the month of April compared to April of 2009. Year -to-date, there have been 512 new listings added to the market in Burnsville. That is slightly higher than the 499 through the end of April in 2009. The average sales price for Burnsville real estate YTD is $182,445. This is less than a ….

While lately the economy has presented some challenges, it has also helped us focus on what matters most: the value of owning a home. It’s reminded us that home is where we make memories, build our future and feel comfortable and secure.

MN Housing Finance Agency Programs with lower than market 30 year fixed rates and up to $10,000 in closing cost and/or down payment assistance, plus special financing options for fixing up minor items that may need updating or repair with a unique 203K program designed with the first time homebuyer in mind.

Linda was referred to our office by a past client. Linda had been preapproved with another mortgage company that never even mentioned programs that would clearly benefit her. Linda qualified for a first time home buyer loan through Minnesota Housing Finance Agency. She qualified for down payment assistance and closing cost assistance. Of course the other mortgage company never said anything to her. They didn’t offer those programs. The reality is that Linda has found a home, financed through Cornerstone Mortgage Company, received up to $15,000 in down payment and closing cost assistance, and is now a very happy homeowner.