Oakdale, MN Real Estate News

By John Durham, MS, MS, ASP, ARS
(Durham Executive Group - RE/MAX/Results)
Top Selling Oakdale MN Real Estate Agents - Durham Executive Group     Having lived in Oakdale MN for 23-years John & Becky Durham of the Durham Executive Group intimately know the Oakdale MN housing market. As a result of knowing the Oakdale housing market like they do they combined with our top notch marketing and negotiation skills we have not only sold every Oakdale MN home this year quickly, but more importantly for a top sale price above and beyond identified market analysis list price.   The reasons for this success is related directly to: 1. Knowing the Oakdale MN housing market so well. 2. John & Becky's unique set of background experiences coupled with a strong set of business values. 3. Our acknowledged top-level marketing expertise. 4. Strong negotiation skills coupled with ...
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By John Durham, MS, MS, ASP, ARS
(Durham Executive Group - RE/MAX/Results)
Hurry...We Sell Homes Oakdale MN Homes Fast - Durham Executive Group     Having lived in Oakdale MN for 23-years John & Becky Durham of the Durham Executive Group intimately know the Oakdale MN housing market. As a result of knowing the Oakdale housing market like they do they combined with our top notch marketing and negotiation skills we have not only sold every Oakdale MN home this year quickly, but more importantly for a top sale price above and beyond identified market analysis list price.   The reasons for this success is related directly to: 1. Knowing the Oakdale MN housing market so well. 2. John & Becky's unique set of background experiences coupled with a strong set of business values. 3. Our acknowledged top-level marketing expertise. 4. Strong negotiation skills coupled wit...
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By John Durham, MS, MS, ASP, ARS
(Durham Executive Group - RE/MAX/Results)
Oakdale MN Monthly Supply of Homes for Sale 2011 - Durham Executive Group   For both Seller's and Buyer's the following information provided by the Durham Executive Group is helpful to understand when buying or selling a home in Oakdale MN. The graph below is Oakdale MN Monthly Supply of Homes for Sale 2011 on a twelve month rolling scale. What you will note is that all three categories of homes for sale (traditional home sales, foreclosure home sales, and short sale home sales) in Oakdale MN vary considerably when looking at the Monthly Supply of Homes for Sale 2011. What is especially good for Oakdale MN sellers is that the traditional monthly supply of homes on the market since September 2009 has reduced from a 'buyers' market to what we call a balanced market. Foreclosure homes are ...
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By John Durham, MS, MS, ASP, ARS
(Durham Executive Group - RE/MAX/Results)
Oakdale MN Average Days on Market for Home Sales 2011 - Durham Executive Group   For both Seller's and Buyer's the following information provided by the Durham Executive Group is helpful to understand when buying or selling a home. The graph below is Oakdale MN Average Days on Market for Home Sales 2011 on a twelve month rolling scale. What you will notice is that all three categories of homes for sale (traditional home sales, foreclosure home sales, and short sale home sales) reflect different trends in terms of Oakdale MN Average Days on Market for Home Sales 2011. Traditional home sales in Oakdale are seeing the number of days a home is on the market reducing fairly significantly, while foreclosures (lender owned) have gone up significantly, and short sale days on market are still hi...
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By John Durham, MS, MS, ASP, ARS
(Durham Executive Group - RE/MAX/Results)
Oakdale MN Average Sales Price for Homes 2011 - Durham Executive Group     Unfortunately for traditional sellers of Oakdale MN homes who (1) either over-priced their home and it didn't sell; or (2) are trying to time the market before putting their home on the market there has been a 8.1% depreciation in the average sales price the past two years from September of 2009 through September of 2011. At the end of September 2011 the average sales price for a traditional home sale in Oakdale MN was $176,699 down from $191,883 in September of 2009. If you are thinking of selling your Oakdale MN home you should contact John & Becky Durham. Every home we sold in Oakdale this year we sold above or very close to list price, and all the homes sold within a couple of days to a few short weeks on the...
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By John Durham, MS, MS, ASP, ARS
(Durham Executive Group - RE/MAX/Results)
Selling Homes in Oakdale MN - Durham Executive Group     The Durham Executive Group worked extensively with the seller in discussing what updates and repairs were needed prior to putting the home on the market. Upon putting home on the market the seller received and accepted a strong offer on this home 7 days after it had been on the market in Oakdale MN. This home is projected to close in October of this year.    
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Many Oakdale home sellers are faced with the problem of owing more on their home loans than what their property is worth in today's market. The fact is that in order for you to sell your house in the MN real estate market today you need to pay off the entire mortgage in order to sell the home. Unless you want to arrange a "short sale" with your mortgage lender, this means you will bring money to the closing table to pay off the remaining balance owed. Many home sellers who need to move now are considering the possibility of putting their current home for rent in order to buy a new one. Benefits of Rising Rents in Oakdale The good news today is that with the tougher real estate market, rents have gone up significantly. Renters find that they are competing with each other to rent out a Oa...
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By John Durham, MS, MS, ASP, ARS
(Durham Executive Group - RE/MAX/Results)
Remax Agents Sell Oakdale MN Home Above List Price In Four Days - Durham Executive Group     The Durham Executive Group sold the home at 6746 12th St N., Oakdale MN above list price in less than four days on the market. The key to success was John & Becky Durham visited the home prior to placing the home on the market while carefully mapping out a pre-listing plan for the sellers. The sellers carefully followed the plan and prepared the home for the market utilizing several recommended contractors. Preparing the home for the market combined with strong marketing allowed for an ideal sale situation for the sellers.  
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By Casey J. Anderson
(IBR Realty)
One of the common ways of financing a purchase of Oakdale real estate is through a loan program known as FHA (the Federal Housing Administration). This federal program started back in the Great Depression to help with a situation like we have today when foreclosures were on the rise and buyers struggled to come up with a large down payment. FHA loans have many advantageous guidelines for both the MN first time home buyer as well as the homeowner who is renting out their current home to buy another. While the days of the no down payment loan are largely gone, Oakdale FHA mortgages offer the smallest down payments available in Minnesota. With a smaller down payment along with the seller paying much of the buyer's closing costs today allows you to get in for a much more reasonable entry co...
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By Casey J. Anderson
(IBR Realty)
Oakdale Rental Townhomes: Should I Rent One Or Buy? If you are in the hunt for Oakdale rental townhomes, pause for a couple of minutes and consider the difference in renting townhomes versus buying one. Since it is more expensive today to rent townhomes than to buy one isn’t it at least worth it to consider saving some money by buying a home? Oakdale rental townhomes, of course, have the advantage that you can get out of the lease contract in 12 months. Remember,however, there is a cost to this advantage , in that your rent payments will often times exceed those of a house payment. In addition, the security deposit for the rental may actually be more than the entry cost required for buying a Oakdale townhomes after considering all of the down payment assistance programs available for fi...
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By Casey J. Anderson
(IBR Realty)
Benefits of Oakdale VA Loans One common financing option for buying Oakdale real estate for Minnesota home buyers is available through the VA.  This type of mortgage financing has increased by about twenty per cent over the last couple of years due in part to the increasing number of our veterans returning from the service.  Additionally with the loss of other options for zero down payment loans in Minnesota, the VA offers a benefit that offers eligible buyers a unique opportunity to buy their home with no down payment.         Oakdale VA Loans:  Not Just For First Time Home Buyers Many Oakdale VA home buyers misunderstand the fact that they may use their VA financing benefit multiple times.  As a result veteran buyers do not necessarily need to be a first time user in order to get VA l...
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By John Durham, MS, MS, ASP, ARS
(Durham Executive Group - RE/MAX/Results)
Oakdale MN Home Sold by the Durham Executive Group   Today marks the closing on this Oakdale MN home. This was a nicely maintained Oakdale MN property sitting on a slight hill with 1.17 acres. The Durham Executive Group sold this home above neighborhood comparables, as well as county estimated market value.  The home had many upgrades and was surrounded by spruce trees 40-60 feet tall planted 23 years ago.     http://www.results.net/john.durham
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By Teri Eckholm, REALTOR Serving Mpls/St Paul North & East Metro
(Boardman Realty)
Oakdale, Minnesota has its roots in agriculture, railroads and resorts. Early settlers to the area in the 1800’s chose the name for the groves of trees that enhanced the landscape. It started as a township organized in the 1850’s but it was over a century before Oakdale became a city. At one point Hudson Road at the south end of the city was an established stagecoach route to Chicago. Two railroads stations were an important part of putting Oakdale on the map. Lake Demontreville was once a popular summer home area for wealthy city dwellers, though it was once a part of Oakdale Township, it is now in neighboring Lake Elmo. From its humble beginnings, Oakdale became a city in 1974 and is noted worldwide for being headquarters for 3M and Imation. It is no longer a farming community. In the...
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By John Durham, MS, MS, ASP, ARS
(Durham Executive Group - RE/MAX/Results)
Oakdale MN Real Estate Agents - Durham Executive Group   When looking for an agent to work with in buying a new home in Oakdale MN there are a variety of avenues for a buyer to start the home buying process. However, the first and most important thing a home buyer should do is find and identify a Oakdale MN real estate agent who is knowledgeable of the community to represent him/her throughout the transaction. A good Oakdale MN real estate agent will be extremely knowledgeable and subsequently can simplify the home buying process. He/she will provide you with a wealth of information and a list of high quality vendors such as loan officers, title closers, home inspectors, etc. The benefits of a ‘good real estate agent' are immeasurable but without question will make the home buying proce...
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By John Durham, MS, MS, ASP, ARS
(Durham Executive Group - RE/MAX/Results)
Home Buying Process, Oakdale MN - Durham Executive Group     The Durham Executive Group, John and Becky Durham provide the following glossary of home buying terms as a benefit for Oakdale MN home buyer's.   Addenda These are supplemental documents that are part of a purchase agreement.  Adjustable Rate Mortgage, ARM A loan where the interest rate adjusts to current rates during the duration of the loan.  Annual Percentage Rate, APR The cost of the loan, including the interest rate, points, origination fee and other charges.  Assessments When a city makes improvements to city property, homeowners must pay for these improvements through their city taxes.  Association Dues Payments condominium and townhouse owners make for upkeep and management of shared property.  Assumable A loan where a...
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By John Durham, MS, MS, ASP, ARS
(Durham Executive Group - RE/MAX/Results)
What Oakdale MN Home Buyer's Should Know - Durham Executive Group       There are many things a home buyer in Oakdale MN should know upon purchasing a home, but one of the most important things a home buyer should consider is purchasing a home warranty following the inspection, and prior to the closing. The importance of a home warranty has never been more important when the cost of repairing, and/or replacing mechanical equipment or an appliance keeps skyrocketing. Then throw in the importance when a buyer today purchases a short sale or foreclosure home and the property is being  ‘Sold As Is'.  The cost of a home warranty for a multi-family unit to a single family home can range somewhere between $400 and $500. The replacement cost for a central A/C unit can cost over $4,000, and the ...
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By John Durham, MS, MS, ASP, ARS
(Durham Executive Group - RE/MAX/Results)
Purchasing A Oakdale MN Home - Durham Executive Group   For a buyer today there are many ways to go about finding and purchasing a home in Oakdale, MN.  Over the past 10-years the internet provides buyer's immediate access to so many different websites when searching for homes in Oakdale such as the RE/MAX Results website (http://www.results.net/john.durham), Edina's, Coldwell Banker's, Keller Williams, Realtor.com, Zillow, Trulia, Homes and so forth. Because of such easy access to searching for homes we often find buyer's struggling as they start quickly out of the gate only to find they often are not prepared when it comes to purchasing a home.       The first thing a buyer should do upon deciding to purchase a home in Oakdale is to find a top selling and experienced real estate agent...
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By John Durham, MS, MS, ASP, ARS
(Durham Executive Group - RE/MAX/Results)
Oakdale MN Home Sold, 2403 Heath Ave. N., Oakdale MN - Durham Executive Group   Treat yourself in this home with over an acre of land. Interior of home has been updated with neutral décor including all rooms painted, new light fixtures, granite kitchen counter top and carpet. Greet your guests in the foyer with wood laminate flooring, tongue and groove wainscoting and solid oak stair railing. The main floor living area is spacious with an open floor plan including eat-in kitchen, living room with vaulted ceiling and formal dining room with access to deck. Kitchen has been updated with granite counter top, under-mount stainless sink, hardware, laminate wood flooring, paint and lighting. Storage will not be a problem with ample cabinetry including a pantry. Room for 2 barstools for those ...
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By John Durham, MS, MS, ASP, ARS
(Durham Executive Group - RE/MAX/Results)
Information about Buying a Oakdale MN Home - Durham Executive Group   Find information about buying a Oakdale MN home.        The very most important thing a buyer should do upon deciding to buy a Oakdale MN home is to find a top selling and experienced real estate agent to work with.  Finding and working with a good real estate agent who is familiar with the Oakdale MN housing market is vital if the home buyer wants to make the home purchase transaction as seamless as possible. There are many high quality real estate agents that work in the Oakdale area. The key is finding that one agent who listens to your needs, and who you feel you can trust and forge a great working relationship with. A quality real estate agent is going to first perform an assessment of what you are looking for in...
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By John Durham, MS, MS, ASP, ARS
(Durham Executive Group - RE/MAX/Results)
Oakdale MN Sold Home Price Statistics for 2010  - Durham Executive Group   Using reaearched information gleaned from the MLS this blog reflects the average sale price along with the total number of of homes sold by percentage points in Oakdale MN's zip code (55128) for 2010.  What our research discovered was that in the 55128 zip code there was a +4.17% increase in the average sales price during 2010 compared against the same time period in 2009. Also, our research shows that there were -1.32 fewer homes sold during 2010 than 2009. John and Becky are real estate agents with backgrounds and work experiences that set us apart from our competition.  We know how to work with all social and economic clientele - whether it's a first time buyer, or a multi-million dollar client. We put the emp...
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Oakdale, MN Real Estate Professionals