Great new building lots near Pequot Lakes MN

**Owner will consider contract for deed,.**GREAT BUILDING SITES IN A FANTASTIC DEVELOPMENT. LOTS ARE JUST MINUTES FROM GULL LAKE AND SKI GULL. ALMOST ALL OF THESE  LOTS ARE WOODED AND ARE A MIN. OF 2.5  ACRES.  DON’T BUILD YOUR NEXT HOME WITHOUT CHECKING OUT STONY BROOK ACRES DEVELOPMENT.

Superb homesites at a bargain price and they are just a few minutes from Brainerd Baxter. 2.5 acre wooded country sites that’s close to all the  lakes, golf, employment, dining, shopping and more. Potential for a walk out basement too. Adjoining lots are available for more acreage.

These 2.5 acre lots located in the Nisswa, Pequot Lakes area,are the perfect location to build your dream home! These level lots allow several location and size possiblilities to place your home. There are many lots for sale in Nisswa, but these lots in Stony Brook Acres development stand out and they are priced to sell!

Build your dream home on one of these  heavily wooded, high lots. Abundant wildlife with deer, birds and wild turkey.

Power is to the property and sewer site evaluations have been done. All you need is your blueprints!

Enjoy private country living close to all the amenities the Brainerd Lakes Area offers.

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How to Buy a House With Poor Credit

Knowing how to buy a house with poor credit has become a top priority for many people. Several options exist to help you buy your dream home including lease to own, seller carry back financing, first time home buyer programs and government grants.

The Internet is a good source for learning how to buy a house in today's market. It's best to stick to government websites such as the Department of Housing and Urban Development, Veterans Administration and Federal Housing Administration or recognized realtors such as Century 21 and Prudential real estate.

Use caution when real estate websites focus solely on selling a course. Unless you want to learn how to buy a house as a real estate investor, there is no need to buy training courses at this time. Everything you need to get started can be found online at no charge.

One option for buying a house is through lease to own contracts. The property owner and buyer work out terms best suited for them, but must abide by usury and real estate laws. Lease to own involves the buyer providing a down payment and the seller contributing a portion of the rent toward home purchase.

Rent to own contracts last between one and five years. Buyers can establish or rebuild credit by paying lease payments on time. When the leasing contract expires, buyers can apply for a traditional home mortgage loan.

Careful consideration should be given to lease to own real estate. Both parties should be willing to undergo a background and credit check. Buyers must beware of potential foreclosure or mortgage fraud scams. Remember, if it sounds too good to be true, it probably is. It is strongly recommended to retain the services of a real estate attorney to draft or review rental lease to own contracts.

Another Lakeshore homes for sale option for people with bad credit is seller carry back financing. Sellers act as a mortgage lender and carry the financing on all or part of the purchase price. Most sellers carry between 5- and 30-percent and buyers finance the balance through a commercial or hard money lender.

Seller carry back mortgages last between two and five years. Buyers have two mortgages; one to the lender and one to the seller. It is best to hire a lawyer to draft seller carry back trust deeds and file real estate transfer documents.

Buyers with bad credit might qualify for Home Path Mortgage; a program selling discounted Fannie Mae bank owned foreclosure homes. Bank owned homes include properties that did not sell through auction and are returned to the lender.

Also known as real estate owned or REO properties, bank owned real estate is priced higher than foreclosure homes. However, REO houses are sold with a clean title; eliminating the headaches of lien and judgment removal.

Buyers must be able to provide a minimum 3-percent down payment to purchase Home Path Fannie Mae foreclosure homes. Qualified applicants can apply for Neighborhood Stabilization Program grants through the Department of Housing and Urban Development. NSP grants are provided to individuals who purchase a home in areas which have been devastated by foreclosure.

These are just a few options of how to buy a house with poor credit. Educated buyers can save thousands on already discounted real estate, acquire instant equity, and improve their credit while working toward home ownership. If you are thinking about buying a house, now is the time to learn about the various types of real estate and available financing options.

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Congratulations on the first step of buying a home!

Buying

Congratulations on the first step of buying a home! As an experienced real estate agent, I can assist you through the entire process, starting with the mortgage and continuing through the closing. I will help you shop for the

Congratulations on the first step of buying a home! As an experienced real estate agent, I can assist you through the entire process, starting with the mortgage and continuing through the closing. I will help you shop for the best interest rate and terms, and if you wish, I can also suggest mortgage lenders.

Here’s a useful list of tips to consider when purchasing a home

Get copies of your credit report. If need be, clean it up. The higher your credit score, the better your loan interest rate. The three major credit reporting companies are Experian, Equifax and TransUnion.

Determine your price range

Find a lender or I can recommend trusted lenders.

Research, figure out where you want to live. Do you have children? Consider what school district you’re home will fall into. How many bedrooms and bathrooms do you want? Would you prefer a newer home or an older one with established landscaping?

When you’ve identified the home you want to buy, I’m ready to prepare a written offer. Since I’m familiar with market value, I’ll help you arrive at a price that gives your offer the best chance of being accepted. Also, be prepared to negotiate, your first offer might not get accepted.

Have backup homes in mind in case your offer isn’t accepted.

Once Your Offer Is Accepted

After your offer is accepted, you’ll have a grace period (varies depending on your state) to get the house professionally inspected. This is the times to request repairs or submit a counteroffer if need be. The next step is to verify that the terms and conditions on your loan are accurate. Also, we’ll go over your signing papers.

Moving time

Now that you’ve obtained your home, you’ll need to get homeowners insurance. The next step is moving arrangements. If you plan on hiring a professional mover, schedule accordingly. I can also suggest reputable companies. Don’t forget to submit a change of address form and contact the local utility companies.

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2011 Local Real Estate Year in Review

Locally, our area around northern Cass County including Longville, Remer, Walker, Hackensack, Backus and Pine River had a 15% increase in the number of properties sold in 2011 over 2010!The Gallery of Homes also experienced a 23% increase in sales last year, which is 3 years in a row of continued increase. In 2011, Gallery of Homes has sold more real estate than any other Longville real estate office.

The local increase in activity as well as the overall increase in 2011 for the entire Greater Lakes Association of REALTORS is great news for everyone and a sign that our economy is improving.  We are looking forward to 2012 activity to continue to increase as well.

Here is the year end report from the Greater Lakes Association of REALTORS:

Now that 2011 is fully in the books, it’s important to discern which market segments performed well and which encountered additional challenges. This not only sheds light on consumer behavior, but also provides a preliminary look at what 2012 might have in store. For the 12-month period spanning January 2011 through December 2011, Closed Sales in the Great Lakes region were up 5.6 percent overall. The price range with the largest gain in sales was the $150,000 and Below range, where they increased 9.2 percent.

The overall Median Sales Price was down 3.5 percent to $139,000. The property type with the smallest price decline was the Water Access/River segment, where prices decreased 3.2 percent to $158,000. The price range that tended to sell the quickest was the $150,000 and Below range at 163 days; the price range that tended to sell the slowest was the $400,001 and Above range at 246 days.

Market-wide, inventory levels were down 17.6 percent. The property type that lost the least inventory was the Privately-Owned Waterfront segment, where it decreased 10.4 percent. That amounts to 9.5 months supply for Non-Waterfront properties and 15.1 months supply for Privately-Owned Waterfront properties.

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