Real Estate News & More

New Woodbury Listing for Large Families

front of house2978 Frontier Drive, Woodbury MN 55129

This amazing Brighton floor plan includes a large gourmet kitchen with butler’s pantry, two-story great room with a stone fireplace (gas) and a dramatic wrought-iron staircase. Four large bedrooms are located on the second floor (plus loft). Entertain guests in the formal and informal dining rooms, or work in comfort from the main floor office/den.

The lower level has a wet bar, 5th bedroom and 4th bathroom, an amusement room, and a theater room!

Room Dimensions:
  • Great Room: 17×15
  • Dining Room: 13×12
  • Family Room: 15×15
  • Kitchen: 14×13
  • Bedroom 1: 15×15
  • Bedroom 2: 13×11
  • Bedroom 3: 14×11
  • Bedroom 4: 12×11
  • Bedroom 5: 14×11
  • Amusement Room: 13×10
  • Wet Bar: 10×5
  • Loft: 10×9
  • Foyer: 14×8
  • Den: 12×10
  • Informal Dining Room: 14×11
  • Office: 14×11

Find out more…

Circle Pines Home is Perfect for Entertaining

D92A3254

11 Shepherd Court, Circle Pines MN 55014 (See the Virtual Tour!)

This home is well maintained, recently updated, and waiting for you to move in! Relax and entertain in the 4 and 3 season porches, or instead, enjoy the custom bar in the lower level. Work on your cars in comfort of the  year-round heated and insulated garage with 220 service. Located on a cul-de-sac and a .36 acre lot, you will appreciate the home’s close proximity to 35W. An added bonus is that this fantastic home is located in one of Minnesota’s best school districts!

Room Dimensions:
  • Living Room: 18×13
  • Dining Room: 10×9
  • Kitchen: 10×9
  • Bedroom 1: 12×11
  • Bedroom 2: 12×10
  • Bedroom 3: 11×9
  • Bedroom 4: 11×10
  • Deck: 20×17
  • 4-Season Porch: 10×10
  • 3-Season Porch: 20×10
  • Bar: 9×10
  • Garage: 26×24
  • Foyer: 11×5

Find out more…

The Perfect Family Home in Eagan

D92A8065873 Curry Trail, Eagan MN 55123 (Take the Virtual Tour!)

This home is full of recent renovations! There’s “new” everywhere you look: the kitchen (cabinets, appliances, lighting, counters), roof, gutters, windows, garage door, and more! The fenced-in yard is great for kids and pets. This home is ready for you to move in and enjoy!

 

Features:
  • New kitchen: granite counters, backsplash, pull-out drawers, sink, lighting (2013)
  • New appliances include: refrigerator, stove, microwave, dishwasher, washer, dryer, water softener and sump pump
  • New flooring
  • New windows (Northfield) throughout the home (just installed before listing). New sliding doors (Pella)
  • Fenced-in yard, great for kids and pets alike!
  • Side deck and paver back patio for enjoying the great outdoors.
  • Most light fixtures updated throughout the home
  • Recently painted kitchen, dining, living and stairway
  • Newer roof (2013)
  • New gutters
  • New garage door (2013)
  • New front door
  • Family roof gas fireplace with built-ins
  • Vaulted ceilings throughout main floor
  • Four good-size bedrooms
  • Two bathrooms (one is full, walk-through master bathroom with double sink vanity)
  • Shed in backyard for extra storage
  • Lower level wet bar
  • Beautifully landscaped
  • Air to air exchanger
  • Centrally located
  • 196 school district

Find out more…

Closing Changes Coming August 1st

“Buyers and sellers take note! Gone are the days of a 30 day closing from purchase agreement acceptance to closing. Starting August 1st, the standard closing period will increase to 45-60 days from the purchase agreement. This makes it even more important for buyers and sellers to cooperate with lenders, realtors, and title companies to get them the information they need to finalize the sale on time.  Read the following article to understand how this will affect you as a buyer and seller.”

-Wendy Carson


 

This article was originally posted here. It was written by Robert Freedman on the Speaking of Real Estate blog. 

Understand the Aug. 1 Changes to HUD-1, Closing Process

The days of filling out the HUD-1 settlement form and getting a Good Faith Estimate (GFE) from the lender are winding down. On August 1, those two forms are going away. The Truth in Lending Act (TILA) disclosure form is going away, too. Replacing them are two new forms: the Closing Disclosure and the Loan Estimate. You can familiarize yourself with these new forms on the website of the Consumer Financial Protection Bureau (CFPB), which has taken over administration of the Real Estate Settlement Procedures Act (RESPA) from HUD. Just go to CFPB.gov and type in the name of the forms in the search box.

There are also new rules for the closing procedure. One rule requires all forms to be ready three days prior to closing. NAR is recommending you actually get everything ready seven days prior to closing, so when you go into the three-day period, you don’t have to make any changes. Because making changes as the clock winds down comes with a cumbersome  set of hurdles.

Closing

Closing Disclosure Details

What this means is, you and the other settlement service providers, including the lender and title agent, are under the gun to get everything squared away earlier than you have to today. And the buyers and sellers have to be cooperative as well, because if last-minute changes are made, a new three-day waiting period kicks in, at least in some cases.

The good news is, you have until August 1 to get familiar with the new forms and learn about the new closing procedures, and NAR is hosting a series of webinars on the topic. To learn when the next one is, go to Realtor.org/respa.

Loan

Loan Estimate Details

The video above, with Ken Trepeta of NAR Government Affairs, provides a concise overview of what to expect and also shares some tips on how to decrease the likelihood of snags in this new environment.

The CFPB’s goal in making these changes is to increase transparency for consumers. Start your education process by accessing the 5-minute video.