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Monday, May 25, 2015

What It Truly Costs To Own A Pool in Crow Wing County

For many Memorial Day marks the beginning of summer. With the thought of the warmer weather ahead you may be contemplating installing a pool, or buying a home in Crow Wing County with a pool.  Before you take that dive here are the financial implications you should know about owning your own swimming pool.

If you will be installing a pool there are upfront costs involved. The average in-ground residential pool is $39,084 according to the latest PK Data report.  If you plan to sell your home in the future the ROI of a pool is not always that high.  After the upfront costs of a pool comes the maintenance cost of a pool. If you are buying a home with a pool already have a local pool company come inspect so you are aware of any issues. On average you can expect to pay $80 or more a month in electrical costs, $20 a month on average in chemicals, and $20 a month on repair and maintenance.  To avoid costly repairs maintain your pool on a monthly basis. If you do not have time to maintain it yourself hire a local pool company to do so for you.

I would love to help you buy or sell a home in Crow Wing County this spring, contact me, Bill Grunewald. My team and I enjoy helping folks like you find just the right spot to live your northern Minnesota Lake Country dream.

Bill Grunewald/ Edina Realty.

Licensed in Minnesota/ Lic # 20204156

Sunday, May 17, 2015

Crow Wing County Monthly Market Report

 

Summer is just around the corner and the housing market in Crow Wing County is continuing to heat up. For the month of April we saw the number of new listings increase over this time last year by 6.8%, but the months supply of homes available decreased. The number of days a home is sitting on the market decreased by a whopping 19.2% to an average of 149 days. Not only are homes selling more quickly, but they are fetching a higher price. The average sales price in April increased by 46.1% over last year to $275,921, and the median sales price increased by 12.2% to $168,250. Last month sellers on average received 92.5% of their asking price, compared to 89.2% at this time last year.

There are buyers looking to purchase a new home in Crow Wing County and they are just waiting for the right home to hit the market. There is no time like now to sell your home.   If you are looking to buy or sell a home in 2015, contact me, Bill Grunewald. My team and I enjoy helping folks like you find just the right spot to live your northern Minnesota Lake Country dream.

Bill Grunewald/ Edina Realty.

Licensed in Minnesota/ Lic # 20204156

Sunday, May 3, 2015

Credit Thaw Offers More Mortgage Options To Crow Wing County Residents

Consumers across the country and here in Crow Wing County are finding it easier to obtain a mortgage after many years of near frozen credit lending after the financial crisis.  The reason behind the recent credit thaw is believed to be that after the subprime mortgage crash mortgage lenders were smacked with billions of dollars in lawsuits, and out of fear many lenders stopped lending to those without near perfect credit.  Now after many years we are finally seeing things change.

"Now that we know more of the rules than we did in the past, you're seeing credit widening to a wider spectrum," said Greg Gwizdz, executive vice president at Wells Fargo Mortgage.

The Consumer Financial Protection Bureau and the Federal Housing Finance Agency recently released a new set of rules that now clarify which loans will be safe from the repurchase risk.

Last fall at the Mortgage Bankers Association's annual convention, FHFA Director Mel Watt, told lenders, "We have listened closely to your concerns about the impact that loan repurchases have had on your businesses, and we understand that addressing these concerns in ways that are mutually satisfactory to you and the enterprises is critical to ensuring that there is liquidity in the housing finance market and to providing access to credit for borrowers.”

With clearer rules lenders are now able to get more creative. For instance, Wells Fargo is now offering jumbo loans to borrowers seeking mortgages for loans greater than $417,000. This provides homebuyers with a lower monthly payment.

Also, Wells Fargo is offering borrowers who pay down their current loan amount by $50,000 the option to re-amortize. This is huge as in the past when you paid more on your principal it just shortened the life of your loan, with this change you are able to decrease the amount of your monthly payment.

Lenders across the nation are continuing to become more creative in terms of the loan options they are offering. The ease on credit lending makes it easier for you to obtain the Crow Wing County home you have always wanted. I would love to help you buy or sell a home in Crow Wing County this spring, contact me, Bill Grunewald. My team and I enjoy helping folks like you find just the right spot to live your northern Minnesota Lake Country dream.

Bill Grunewald/ Edina Realty.

Licensed in Minnesota/ Lic # 20204156

Sunday, April 26, 2015

6 Tips on How to Save Water While Watering Your Crow Wing County Home’s Landscape

Spring is here in full force in Crow Wing County and many residents are contemplating when it will be time to start watering their lawn. Watering the landscape of your Crow Wing County home can easily cause your water bill to increase. Here are 6 tips to help you keep that water bill low while being more water-efficient.

1. Plants

When planting new plants in the yard of your Crow Wing County home use those that are native to the area. These types of plants are more established, require less watering, and are more resistant to diseases and pests that tend to be in the area.

2. Group

Try to group your plants together that need the less watering, and then plant them near each other.  By doing this you can avoid both over and under watering. Place those plants that need the most water together, and put them near your home if you can so that they can take advantage of the rainfall as it comes off the roof.

3. Mulch

Add mulch around your plants as this helps reduce the amount of water you will need as it aids in keeping the soil cool, and it also helps reduce evaporation which helps roots stay healthy.

4. Efficiency

When watering your plants you want to be as water-efficient as possible, and you can do this by watering at the appropriate times. Water in the early morning when the air temperature tends to be the coolest. Do not water your plants in the middle of the day or at sunset as these tend to be the worst times.

5. Slopes

If your yard has a steep slope then watering your plants may be a wasted effort.  If the water is running off consider installing plants with deeper roots. If affordable consider having a professional landscaper reslope your yard.

6. Lawn Size

The amount of water you will use on your law ultimately depends on the overall size of your yard. Reducing your lawn size if you have a large yard will reduce water usage needed. For instance, if you have a playground there may not be a need to have grass or plants underneath it.

I would love to help you buy or sell a home in Crow Wing County this spring, contact me, Bill Grunewald. My team and I enjoy helping folks like you find just the right spot to live your northern Minnesota Lake Country dream.

Bill Grunewald/ Edina Realty.

Licensed in Minnesota/ Lic # 20204156

Sunday, April 12, 2015

Crow Wing County Monthly Market Report

March was a strong month for the housing market in Crow Wing County.  The number of new homes on the market increased in March by 31.1 percent, over this period of time last year. This is great news for the buyers out there who have been looking for their ideal home, but struggling as a result of decreased housing inventory. Even with the surge of inventory hitting the market the number of months supply of homes for sale continues to be lower than ideal. Now is the perfect time to consider selling your Crow Wing County home.

The number of total homes sold last month rose slightly when compared year-over-year. However, pending home sales surged by 31 percent in March. This is a strong indicator of the number of closed sales we will see in the next few months to come.

The median sales price of homes continues to increase, last month the median sales price increased year-over-year by 8.4 percent to $151,700.  The average sale price in March was $181,384. Not only are homes selling for more they continue to spend less time on the market than they did in 2014. The average days on the market for March was 98 days, down 26.3 percent over this time last year.

The spring housing market will be in effect before we know it.  If you are looking to buy or sell a home in 2015, contact me, Bill Grunewald. My team and I enjoy helping folks like you find just the right spot to live your northern Minnesota Lake Country dream.

Bill Grunewald/ Edina Realty.

Licensed in Minnesota/ Lic # 20204156

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