Take a Look at This Marvelous Lake Josephine Home

We're very excited to show you this gorgeous home on Lake Josephine.

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Looking to buy a home? Click here to search all local homes for sale.

Today we’d like to take you on a quick tour of one of the most gorgeous homes we have on the market. This property is located in on Lake Josephine and its westward-facing view is second-to-none.

The home features three bedrooms, two full bathrooms, two three-quarter bathrooms, and one half-bathroom with a finished basement. The house features a stunning sun room overlooking the pool and lake. The jetted hot tub and pool are very close to the water as well.

This is a picturesque lake home.

In addition to the two garages, there are also two large decks that overlook the pool and lake. The master suite in the home includes a separate shower and Whirlpool tub. This is a picturesque lake home that you need to see in person to fully appreciate.

If you have any questions about this property or would like to schedule a showing, don’t hesitate to reach out and give us a call or send us an email. We look forward to hearing from you.

The 5 Things You Need to Buy a Home

If you’re looking to buy a home, these are five things that you will need.

Looking to sell your home? Click here to use our home evaluation tool.

Looking to buy a home? Click here to search all local homes for sale.

If you’re looking to buy a home, these are five things that you will need: 

1. A mortgage pre-approval: You should rely on your real estate professional to give you some advice on who might be a good lender to use, but most Realtors like myself won’t show buyers homes until we have a pre-approval from a good lender.

2. Earnest money: This will sit in an escrow account to be applied to a down payment. Typical earnest money will run between 1% to 2% of the purchase price of the home you’re looking at.

3. Money for a down payment: Unless you’re a qualified veteran, down payments will range anywhere from 3.5% to 20% of the sale price of the home you’re looking at.

Most Realtors won’t show buyers homes until we have a pre-approval from a good lender.

4. Money for closing costs: In some situations, we’re able to get the seller to pick up the closing costs for the buyer, but that will also increase the price you pay for the home. Typical closing costs for a mortgage will be about 3% of the purchase price. 

5. Money for the home inspection: Typical home inspections today will cost between $350 to $500, depending on whether or not you choose to have a radon inspection. The inspector will expect to get paid at the time he does the home inspection.

If you have any questions about what you need to buy a house, feel free to give me a call or send me an email. I’d be happy to assist you.

The Latest From the Twin Cities Real Estate Market

What's going on in the Twin Cities market? We're seeing some interesting trends, so I wanted to give you a quick update.

Looking to sell your home? Click here to use our home evaluation tool.

Looking to buy a home? Click here to search all local homes for sale.

A lot's going on here in the Twin Cities market, so I wanted to give you a quick update.

New listings are down about 8% from last year to roughly 8,000 homes for sale on the market. The number of active listings stands at about 11,000 right now, which is a decrease of about 20% compared to this time last year. Pending units—homes that have gone under contract but have not yet closed—stand at about 6,000, which is an 8% decrease from this time last year.

Inventory is down and home values are up.

This is all probably due to the lack of inventory on the market.

The median home price has jumped up to $246,000, which is a 6% increase from where we were at this time last year. The average days on market, or the average amount of time it takes a home to sell, is at 58 days currently. That's also an improvement from last year.

The final and perhaps most interesting recent statistic from our market is that in the last 30 days, 22% of properties in the marketplace had some kind of price adjustment.

If you have any questions about our market or any specific neighborhoods, don't hesitate to give me a call or send me an email. I'd be glad to help however I can!