Re Guide November 2014

This photo is for illustration only.This is not an actual listing.

Owatonna Area

November 2014

GUIDEGUIDEREAL ESTATE

Owatonna.com

REAL ESTATE GUIDE Friday, October 24, 2014

It’s always a good idea to obtain a copy of your credit report before applying for a home loan.You can correct any errors on your credit profile in advance, establish credit if necessary or start repairing your credit if you’ve had problems in the past. Lenders look very carefully at your credit as an indicator of your “character” or your willingness to repay your loan. Having poor credit, little or no established credit or unresolved dispute with creditors can affect your purchasing power and your ability to get a loan. Contact the three credit reporting companies for copies of your credit report.

Experian - www.experian.com Trans Union - www.transunion.com Equifax - www.equifax.com

When you receive your credit report check for the following items:• IncorrectEntries-If there are mistakes on your credit report (i.e. accounts that aren’t yours or on-time payments that

are showing as late), you can have them corrected by writing to each credit bureau and requesting that the information be deleted. They will contact the creditor who must respond within 30 days. If the creditor does not respond, the item will be removed and a new credit report will be issued to you. If there is still a dispute, you can add a 100-word statement to your file explaining your side of the story.

• OutdatedNegativeCredit-If there are unfavorable credit items older than 7 years showing on your report, follow the procedure outlined above. Bankruptcy can be removed after 10 years.

• CurrentNegativeCredit-If you have current credit problems, the time to resolve them is before you buy. Re-establishing good credit after a bankruptcy or other credit problems is very important.

Having an established credit history is also important as lenders want to see a track record of debts owed that have been repaid. If you haven’t already done so, apply for credit cards and use them or establish a credit history by documenting your monthly rent payments and your monthly payments to utility companies.

Callmetodayformoreinfoonyourcreditreport and for today’s current rates!

350300 450 550 650 750 850

Understanding YourCreditReport

Wintrust NMLS# 449042 – © 2012 Wintrust Mortgage

Wintrust Mortgage is a division of Barrington Bank & Trust Company, N.A., a Wintrust Community Bank. Program rates, terms, and conditions are subject to change at any time. All approvals are subject to underwriting guidelines. If the down payment is less than 20% and based on the selected program and term of the loan, monthly mortgage insurance may be required.

FTB-012

Scan this QR Code for contact info and links.

(Requires Smart phone QR Reader)

Mark Meier Mortgage Consultant NMLS# 533156 124 N. Cedar Ave. Owatonna, MN 55060 O�ce: 507.390.5626 Cell: 507.363.0030 eFax: 855.727.2909 [email protected] www.WintrustMortgage.com

Scan this QR Code Scan this QR Code for contact info and links.for contact info and links.

(Requires Smart phone QR Reader)(Requires Smart phone QR Reader)

It’s always a good idea to obtain a copy of your credit report before applying for a home loan.You can correct any errors on your credit profile in advance, establish credit if necessary or start repairing your credit if you’ve had problems in the past. Lenders look very carefully at your credit as an indicator of your “character” or your willingness to repay your loan. Having poor credit, little or no established credit or unresolved dispute with creditors can affect your purchasing power and your ability to get a loan. Contact the three credit reporting companies for copies of your credit report.

Experian - www.experian.com Trans Union - www.transunion.com Equifax - www.equifax.com

When you receive your credit report check for the following items:• IncorrectEntries-If there are mistakes on your credit report (i.e. accounts that aren’t yours or on-time payments that

are showing as late), you can have them corrected by writing to each credit bureau and requesting that the information be deleted. They will contact the creditor who must respond within 30 days. If the creditor does not respond, the item will be removed and a new credit report will be issued to you. If there is still a dispute, you can add a 100-word statement to your file explaining your side of the story.

• OutdatedNegativeCredit-If there are unfavorable credit items older than 7 years showing on your report, follow the procedure outlined above. Bankruptcy can be removed after 10 years.

• CurrentNegativeCredit-If you have current credit problems, the time to resolve them is before you buy. Re-establishing good credit after a bankruptcy or other credit problems is very important.

Having an established credit history is also important as lenders want to see a track record of debts owed that have been repaid. If you haven’t already done so, apply for credit cards and use them or establish a credit history by documenting your monthly rent payments and your monthly payments to utility companies.

Callmetodayformoreinfoonyourcreditreport and for today’s current rates!

350300 450 550 650 750 850

Understanding YourCreditReport

Wintrust NMLS# 449042 – © 2012 Wintrust Mortgage

Wintrust Mortgage is a division of Barrington Bank & Trust Company, N.A., a Wintrust Community Bank. Program rates, terms, and conditions are subject to change at any time. All approvals are subject to underwriting guidelines. If the down payment is less than 20% and based on the selected program and term of the loan, monthly mortgage insurance may be required.

FTB-012

Scan this QR Code for contact info and links.

(Requires Smart phone QR Reader)

Mark Meier Mortgage Consultant NMLS# 533156 124 N. Cedar Ave. Owatonna, MN 55060 O�ce: 507.390.5626 Cell: 507.363.0030 eFax: 855.727.2909 [email protected] www.WintrustMortgage.com

Real Estate Guide June 2012

2

Bank of America Home Loans® guidance+ your real estate professional= home buying made clearRely on our experience and guidance to help you �nd the loan option that’s right for your �nancialcircumstances. Combined with your real estate professional’s local market knowledge, you may be ableto go from home shopper to homeowner.

The first step is easy: We’ll be happy to review your goals and provide you with a prequalification that canhelp determine how much you can comfortably afford to borrow. With that information, you can thenconsult with your real estate professional to �nd a home that’s right for you. And when you apply, you’llbenefit from our exclusive Clarity Commitment® loan summary that will highlight key terms of your loanin easy-to-understand language. In the meantime, you may wish to explore our valuable Home LoanGuide, which provides home financing tools and calculators. You can access the Home Loan Guidedirectly from our website.

Add it up — the expertise of your local real estate professional, coupled with all that Bank of AmericaHome Loans® has to offer, could be your formula for home buying success.

To get started, or for the name of a local real estate professional, contact us today.

�e Clarity Commitment® summary is provided as a convenience, does not serve as a substitute for a borrower’s actual loan documents and is not a commitment to lend.Borrowers should become fully informed by reviewing all of the loan and disclosure documentation provided.

©2010 Bank of America Corporation ARV225F1

Credit and collateral are subject to approval. Terms and conditions apply. �is is not a commitmentto lend. Programs, rates, terms and conditions are subject to change without notice.Bank of America, N.A., Member FDIC. Equal Housing Lender.Protect your personal information before recycling this document.

Kristin MeierMortgage Loan Officer(507) 213-9797 Cell(507) 446-1181 Office102 N. Cedar AvenueOwatonna, MN 55060

[email protected]�p://mortgage.bankofamerica.com/kristinmeier

Mark MeierMortgage Loan Officer(507) 363-0030 Cell(507) 446-0080 Office102 N. Cedar AvenueOwatonna, MN 55060

[email protected]�p://mortgage.bankofamerica.com/markmeier

[email protected]

NMLS 533094 NMLS 533156http://mortgage.bankofamerica.com/kristenmeier

[email protected]://mortgage.bankofamerica.com/kristenmeier

Mark MeierMortgage Loan O� cerNMLS# 533156124 N. Cedar Ave.Owatonna, MN 55060Offi ce: 507.390.5626Cell: 507.363.0030efax: [email protected]

Kriss MeierMortgage Loan O� cerNMLS# 533094124 N. Cedar Ave.Owatonna, MN 55060Offi ce: 507.451.1807Cell: 507.213.9797efax: [email protected]

Friday, October 24, 2014 REAL ESTATE GUIDE PAGE 3

EQUAL HOUSINGOPPORTUNITY

EQUAL HOUSING OPPORTUNITY

All real estate advertising in this publication is subject to the Fair Housing Act which makes it illegal to advertise “any preference limitation or discrimination based on race, color, religion, sex, handicap, family status, or national origin, or any intention to make such preferences, limitation or discrimination.” Familial status includes children under the age of 18 living with parents or legal custodians; pregnant women and people securing custody of children under 18. This publication will not knowingly accept any advertising for real estate which is in violation of the law. Our readers are hereby informed that all dwellings advertised in this newspaper are available on equal opportunity basis. To complain of discrimination call HUD toll-free at 1-800-669-9777. The toll-free phone number for the hearing impaired is 1-800-927-9275.

All advertising contained herein is the responsibility of the advertisers.

The Owatonna Area Real Estate Guide retains the publication rights to all contents produced or supplied by the Owatonna

Area Real Estate Guide. Use of material without written consent of Real Estate Guide is prohibited. All Rights Reserved © 2014

The Owatonna Area Real Estate Guide is a monthly publication distributed in the Owatonna People’s Press and at select area locations in Owatonna. It is endorsed by the Owatonna Multiple Listing members.

A special project ofThe Owatonna People’s Press

135 W. Pearl St., Owatonna, MN507-451-2840 • Fax 507-444-2382

Publisher RON ENSLEY

Advertising Director DEBBIE ENSLEYemail: [email protected]

Media ConsultantsSTEVE ARNOLD, ALISHA DAVIDSON,

BETTY FROST, SHAWNEA HULL, DAVID WEEKS

Advertising DesignNIKKIE GILMORE, KEELEY KREBSBACH,

JENINE KUBISTA, KELLY KUBISTA, MATTHEW ROOSMALEN

Owatonna Area

GUIDEGUIDEREAL ESTATEINDEX

ERA Gillespie Real Estate .................... 6, 8

Pro� nium Mortgage ............................... 5

Wells Fargo ............................................. 4

Wells Federal Bank ................................. 7

WINTRUST MORTGAGE ............................. 2

Owatonna.com


Get a strong team to pull for youWe are proud to be part of the community and invite you to call or stop by to discover how we can assist you with your mortgage needs. Whether you are interested in new purchase, refinance, or home equity financing, Wells Fargo Home Mortgage can assist with finding a program that fits your unique goals.

Call or visit your local team today.

Wells Fargo Home Mortgage is a division of Wells Fargo Bank, N.A. © 2013 Wells Fargo Bank, N.A. All rights reserved. NMLSR ID 399801. AS992867 Expires 10/2013

Jannell TufteHome Mortgage ConsultantOffice: 507-455-7516 Cell: 507-456-5946101 North Cedar AvenueOwatonna, MN 55060 [email protected] ID 402028

Matthew G LeTourneauHome Mortgage ConsultantOffice: 507-444-2260Cell: 507-339-2193101 N Cedar AvenueOwatonna, MN [email protected] ID 404642






Expires 11/2014






Jannell TufteHome Mortgage ConsultantOf�ce: 507-455-7516Cell: 507-456-5946101 N Cedar AvenueOwatonna, MN [email protected] ID 402028

Kelly RatzloffHome Mortgage ConsultantOf�ce: 507-455-6784Cell: 507-390-43021400 South Oak Ave.Owatonna, MN [email protected] ID 1102316


See us for an amazing experience with your

Low rates • Fast closings • Great follow-through

HOME LOAN!

Owatonna 1080 W Frongage Rd 507.444.0111Mankato 507.389.8900 | Fairmont 507.235.5538 | Truman 507.776.2311

www.profinium.com | NMLS 402979Member FDIC

See Jennifer or Matt for details for fast and local service on your home loan. We’ll look out for your best interest!

Matt WaleriusJennifer SvienNMLS# 663358NMLS# 663481

Low

HOME LOAN!HOME LOAN!Jennifer Svien Matt Walerius

If your home isn’t listed with a Realtor,

it might as well be You have a home for sale but no one is seeing it. Maybe because it isn’t listed with a professional Realtor. Realtors make it easy for you to buy or sell your home. They have access to a pool of serious home buying prospects... and a Multiple Listing

Service that can offer buyers the affordable home of their choice. They do the legwork, the paperwork, and the hard work to help you sell your home quickly.

Look for the Realtor logo to find the commitment and full services of a real estate professional.REALTOR

®

See us for an amazing experience with your

Low rates • Fast closings • Great follow-through

HOME LOAN!

Owatonna 1080 W Frongage Rd 507.444.0111Mankato 507.389.8900 | Fairmont 507.235.5538 | Truman 507.776.2311

www.profinium.com | NMLS 402979Member FDIC

See Jennifer or Matt for details for fast and local service on your home loan. We’ll look out for your best interest!

Matt WaleriusJennifer SvienNMLS# 663358NMLS# 663481

Low

HOME LOAN!HOME LOAN!Jennifer Svien Matt Walerius


$119,500STARTING OUT? DOWNSIZING? THIS HOME WILL MAKE LIFE EASIER! STEEL

SIDING! VINYL WINDOWS! 2 CAR GARAGE! NEWER FURNACE, AC & MORE!

MLS #4057249

$116,550AFFORDABLE! WELL MAINTAINED! END UNIT TOWNHOME WITH NICE YARD IN WASECA! ATTACHED 2 CAR GARAGE!

3 BR, 2.5 BATHS!MLS #4057728

$84,0003+ GARAGE! COZY 2+ BEDROOM AFFORDABLE HOME WITH OPEN

FLOOR PLAN! NEWER ROOF, UPDATED KITCHEN, NICE SIZED YARD!

MLS #4057276

$198,900GREAT LOCATION! 1.25 ACRES! CAR BUFFS DREAM - GARAGE OPTIONS

GALORE! DAYCARE MOM’S DELIGHT - 3500 SQ FT! COLLECTOR’S

WONDERLAND - TONS OF STORAGE!MLS #4055581

VISUAL TOUR #3441023 VISUAL TOUR #3458134 VISUAL TOUR #3442773 VISUAL TOUR #3393836

NEWLISTING

NEWLISTING

NEWLISTING NEW

PRICE

SOLD

Broker AssociateRealtor, GRI, SRES

Nancy SlettenCell: [email protected] N. Cedar • Owatonna507.451.7488 • 800.658.7056www.erahome.com

Save Money… Save Time… Simplify Your Life


$115,000LOTS OF NICE IMPROVEMENTS!

NEW FURNACE, WINDOWS, PATIO & LANDSCAPING! ROOM TO EXPAND!

BIG YARD! QUIET STREET!MLS #4057082

$118,900CHARACTER & POTENTIAL! PRESERVED WOODWORK, STAIN GLASS WINDOWS, LARGE ROOMS, MAIN FLOOR LAUNDRY

& NICE BACKYARD!MLS #4055152

$139,99910 ACRES IN COUNTRY! BEAUTIFUL VIEWS! AFFORDABLE 3 BEDROOM, 2 BATH HOME, 24X27 BARN/MACHINE

SHED, 24X40 GARAGE/SHED!MLS #4054763

$114,0009.63 ACRES! WOODSY! CREEK!

COUNTRY PROPERTY 2 MILES FROM OWATONNA! OLD FASHIONED BARN! 7 ACRES TILLABLE! BEING SOLD “AS IS”!

MLS #4056120

VISUAL TOUR #3435875 VISUAL TOUR #3382305 VISUAL TOUR #3372328 VISUAL TOUR #3410840

THE BENEFITS OF PROPER PRICING

When you determine your home’s price, bewareof the pitfalls of overpricing. Logically, youwould think thatthe higher theprice of yourhouse the moremoney you willreceive for it,but there is afine linebetween supplyand demand. Potential buyers who see yourhome’s listing price may bypass even looking atit without considering making a lower offer.

Concurrently, buyers who are looking only in aspecific price range that is less than the cost ofyour house will never have the opportunity toview your home, leaving you with less

marketability. On the flip side, those who couldafford to purchase your home will inevitabley bedrawn to better values that are offered elsewhere.

The perils of overpricing can be negated by thebenefits of proper pricing. Below are just a few ofthe many benefits that can be reaped with properpricing:

• Higher offers accompany a fair market value.

• Real estate agents will be more likely to showyour home enthusiastically if he/she believes it is agood market value. A reasonably-priced home willgenerate competing offers among potential buyers.

• A well-priced home will attract more qualifiedbuyers, ensuring that its marketability remains.



122 N. Cedar • Owatonna507.451.7488 800.658.7056www.erahome.comemail: [email protected]

Save Money...Save Time...Simplify Your Life

NEAT & CLEAN AS A WHISTLE!• Large, open living & dining room with built-ins• Hardwood fl oors throughout• Kitchen with lots of cupboards• Lower level family room & bath• Nice, extra-large backyard!Contact Connie KnutsonMLS #4056487

AFFORDABLE UPDATED 3 BEDROOM, 2 BATH HOME!

• Large rooms, lots of living space• New custom kitchen & appliances• Updated windows, electric, insulation, plumbing• New fl ooring in kitchen & upstairs bedrooms• Fenced yard, deck & extra parkingContact Sid SchroederMLS #4057566

GREAT BACKYARD!• 4 bedroom, 2 bath split• Lower level family room with fi replace• Semi-private backyard with deck• Wooded lot, storage shed• Oversized double attached garageContact Connie KnutsonMLS #4056985

PRIVATE SETTING - 3 ACRES!• 3 bedrooms, 2 baths• 3 season porch, main fl oor laundry• Triple stall garage & single stall garage• Large storage shed• Nice location, paved roadContact Connie KnutsonMLS #4055519

LOVELY COUNTRY SETTING VERY CLOSE TO TOWN!

• 3 wooded acres• 3 bedrooms, 2 baths, 2+ garage• 3 season porch & deck• Walk-out lower level with family room• 54x30 pole shed with mezzanineContact Connie KnutsonMLS #4052893

STEP SAVING RANCH!• 3 bedrooms, 2 baths• Lower level family room with gas fi replace• 3 season porch, wooded lot• Oversized single car garageContact Sid SchroederMLS #4055338

RANCH READY FOR A NEW OWNER!

• 3 bedrooms, 2 baths• All appliances stay• Large deck• Close to schoolsContact Connie KnutsonMLS #4056978

TRADITIONAL 3+ BEDROOM 2 STORY!

• Character fi lled - original wood trim & fl ooring• Open staircase• Newer mechanicals & shingles• Oversized double garage• Permanent siding, priced to sell!Contact Sid SchroederMLS #4056940

VISUAL TOUR #3420700 VISUAL TOUR #3452162

VISUAL TOUR #3433150 VISUAL TOUR #3426513 VISUAL TOUR #3392747

VISUAL TOUR #3078955





$119,900 $122,900

$144,900 $154,900 $189,999

$216,900

$287,900

$120,000

$141,900

$134,900NEW PRICE!

NEW LISTING!

GEM ON THE SE SIDE!• Almost like new ranch style home!• 4 bedrooms, 2 full baths• New windows, kitchen & decor• Lower level family room with fi replace• Deck and patioContact Connie KnutsonMLS #4056796

`

THE BEST OF THE BEST!• Spacious multi-level home with over 3500 sq ft total• 4 bedrooms, 3.5 baths, open fl oor plan• Master retreat, walk-in closet, jetted tub• Lower level family room with fi replace• Unfi nished 4th basement level with 795 sq ft!• Patio and country viewsContact Connie KnutsonMLS #4053615

Our Team of Professionals

Nancy SlettenBroker Associate

GRI, SRES

Matt GillardRealtor

GRI

Erin GillespieBroker Associate

GRI, ERS

Mark WoodrichRealtor

Connie KnutsonBroker AssociateCRS, GRI, ERS

ABR

Barry GillespieCRB, CRS, ePRO

Mike LarameeRealtor

Tracy Peterson SteinbergRealtor

Lori Braun DaviesRealtor

GRI

Sid SchroederRealtor

GRI, ERS

Lud Gillespie1925-2011

Melinda DavidRealtor

Justin OhnstadRealtor

Stacy WilsonRealtor

Stephanie WoodrichRealtor

Re Guide November 2014

Documents

Transcript of Re Guide November 2014