Land plots for sale in Bryn-Mawr

Are you an investor looking to buy land plots in Bryn Mawr to build single family homes?
To be built homes

Bryn Mawr is a neighborhood within the Calhoun-Isles community in Minneapolis. It is located directly west of downtown Minneapolis.

7 plots for sale as an package

7 plots for sale as an package

This lovely neighborhood is located just a few miles from downtown and freeway access is fast and convenient. Bryn Mawr has lots of green space, well-maintained homes and is easily accessible to downtown Minneapolis, located just a mile to the east.

Bryn Mawr, whose name is thought to have originated by settlers from its namesake in Pennsylvania, is situated on the western edge of Minneapolis. The neighborhood is bounded by Golden Valley and Theodore Wirth Park to the west, Glenwood Avenue and Bassett’s Creek to the north, Bryn Mawr Meadows to the east and Interstate 394, Cedar Lake and 24th Street to the south.

Home owners of Bryn Mawr are surrounded by parks, playgrounds and trails, all while living in the convenience of an urban setting. Natural amenities within or bordering the neighborhood include Cedar Lake, which offers three swimming beaches as well as walking and biking trails around the lake, Bryn Mawr Meadows, Bassett Creek Park and the 742-acre Wirth Park, the largest regional park in the Minneapolis Park System and home to Eloise Butler Wildflower Garden, miles of skiing and hiking trails, a snowboard park, 18-hole golf course and swimming beach. Additionally, biking is popular in this neighborhood with direct access to the Cedar Lake Bike Trail (America’s first “Bike Freeway”) that connects to downtown Minneapolis and other bike trails throughout Hennepin County.

While mostly residential, containing a plethora of green space, Bryn Mawr does have a small business district at the intersection of Penn Avenue and Cedar Lake Road that consists of a few eclectic smaller independent businesses Including a small neighborhood grocery store, two coffee shops, a pizza joint and a salon. There are also a few commercially oriented businesses along the Interstate 394 corridor.

Sadaqah Jones Realtor Re/Max metro (612) 203-4187

Sadaqah Jones
Realtor Re/Max metro
(612) 203-4187

Is It OK to Pay Over List Price for a Home?

House sold before we could look at it.

House sold before we could look at it.

A reader asks: “Every home we have been interested in looking at lately is sold from under us. Sometimes, the home sells before we even get to look at it.

Our REALTOR® is telling us we have to be faster and pay over list price.

I guess we could act a little faster but why should we have to pay more than list price, more than what the seller is asking? That sounds like our REALTOR® just wants to make more money from us. What gives? Is it OK to pay over list price for a home? Would anybody ever do it?”

Answer: First, let’s address the issue of whether your agent will push a higher price on you so the agent can get paid more. That’s most likely untrue. It’s unethical. Moreover, if you figure that agents get paid a small percentage of the sales price, the amount they would receive for a $10,000 price increase, for example, hardly amounts to enough to pay for a dinner for two at a nice restaurant.

On the other hand, it is completely understandable how a home buyer might be reluctant to pay over list price for a home. After all, if you go into a grocery store to buy a loaf of bread, you don’t expect the grocery clerk to ring up a higher price for that loaf of bread than the amount shown on the sticker. Why should you pay more for a loaf of bread?

Now, imagine there has been a terrible flood. All of the roads into town are washed out. Nobody can get in or out for days. The grocery store aisles are pretty much bare, yet there remains one loaf of bread sitting on the shelf all by itself.

There is a line of shoppers waiting outside the door for the store to open. All eyes are on that one loaf of bread. Now how much would you pay for it? This is exactly what happens in a seller’s market and why you might have to pay over list price for a home.

Why Buyers Pay Over List Price in a Seller’s Market
For many buyers, paying over list price for a home goes against the grain.

It goes against everything they have ever known about real estate, which is to say they think you’re supposed to negotiate. How can a buyer negotiate if the seller wants more money way over the asking price? How high do you go?

The problem is competition. You’ve got more buyers than there are homes to buy in a seller’s market. In real estate lingo, it’s known as limited or falling inventory. Whenever you have a big demand for a product in small supply, the price for that product goes up. In a multiple-offer situation, the final price often exceeds the list price.

Home is where the heart is, especially when it’s your own.

Owning a home is the great American dream

Owning a home is the great American dream

Home is where the heart is, especially when it’s your own. Owning a home is the great American dream
More people are coming to Minneapolis and its twin cities and with a growing pool of buyers, it’s been difficult trying to find options for them.

• There are just not enough homes to show.
• Buyers are not finding what they want in a quick enough period of time.
• We need more listings.
• We need a better inventory for them to look at to make a choice

This also rings true for sellers. Many sellers want to list their homes but are waiting until their next home is secured.
When inventory is so low, sellers hold back from putting their home up for sale.

If you’re looking to list your home, be confident and get it on the market. The values for sellers are increasing quickly.
If you bought your home within the last 7years you should be able to recapture the cost, buy another house and make another move up.

Be ready! Once the “for sale” signs go up, they quickly come down.

In today’s market we are listing a house on Friday and selling it on Monday or two weeks on the market,” “Our days on the market are short compared to last year and the year before… Things are just getting better.”

If you’re looking to buy, don’t get discouraged. “Think Spring” as they are anticipating a rush of homes to be listed.

Spring is around the corner, the warmer weather will bring the sellers out. Hopefully a big splurge of listings coming up… I think that’s encouraging for the buyers, it’s always encouraging that money is available. We have a lot of great buyers out there. We just need some more listings.

Sadaqah Jones Realtor Re/Max metro (612) 203-4187

Sadaqah Jones
Realtor Re/Max metro
(612) 203-4187

Kiss Your Landlord Goodbye!

Kiss your landlord goodbye

The biggest problem many people face when making the move from renting to owning a home is the down payment. You’ve been making regular payments every month for rent and can’t seem to accumulate enough capital for a more permanent home.
Many times homes in your area appreciate in value faster than you can save. You should explore all possibilities and make every effort to purchase a home now and begin benefiting from the home’s appreciation and the income tax deduction that come with home ownership.
But saving for your down payment doesn’t need to be the mountain you’ve made it out to be.

The Federal Housing Administration (FHA) or the Veteran’s Administration (VA) and many other government programs or grant programs are available for homebuyers with zero or little down. Hundreds of thousands of homebuyers are realizing their dream of home ownership every year and you can too.

1. You can make a much smaller down payment than you think. Certain government programs, such as first-time buyers programs, are intended to assist people in getting into the housing market. Even if your spouse is a former homeowner, as long as your name was not on a home loan, you can still qualify as a first time buyer. It’s vital that your real estate agent has knowledge of this area and can provide you with relevant information.

2. Your lender may be able to help with your down payment and closing costs. Even if you do not have enough cash on hand to make a down payment, provided you own an asset (car, for example) free and clear and have no debt, your lender may be able to secure a loan against that asset 1 to cover the down payment.

3. A seller may help you buy and finance your home. Some sellers might consider holding a second mortgage for you in what is called a “seller take back.” Under these circumstances, the seller acts as a lending institution. Rather than a large lump sum payment, you pay the seller a monthly mortgage installment.

4. Create a cash down payment without going into debt. There are ways to borrow money for certain investments that can generate major tax refunds that you can use as a down payment for a new home. While money borrowed for these investments are technically a loan, the monthly amount paid can be small, and the money in both the investment and the home will be yours when all is done.
5. You do not need perfect credit to buy a home. Provided you can come up with more than the minimum down payment or can secure a loan using other equity, many lenders will consider you for a mortgage. If you have a less-than-perfect credit rating, seeking a seller that will take back the mortgage can also be very helpful.

6. You should get pre-approved for a loan before shopping for a home. It is very easy to get pre-approved and by doing so, you can shop for a home in peace. Mortgage professionals can obtain a written pre-approval in very little time, often over the phone. A written pre-approval certificate is like money in the bank. All it takes is a completed credit application and a certificate that guarantees you a mortgage to a specified level when you find the home you are looking for. This also strengthens your bargaining position when competing with other buyers on the home you want. 2 You should only work with a professional who specializes in home mortgages. Their services can make the difference between obtaining a home loan or being trapped paying rent forever.

7. Choose your agent wisely. Working with a full-time professional real estate agent is a must. Choose your agent by asking questions of him or her. Find out how knowledgeable they are about houses currently for sale in your price range and also of houses that have recently sold.

Can your agent recommend a good lender that has the reputation of excellent customer service and low rates to assist you with financing a new home? Does your agent ask questions of you in order to have a full understanding of what you are looking for to help you locate the most home for the money?

Call me today! and let me help you to home ownership.

Sadaqah Jones Realtor Re/Max metro (612) 203-4187

Sadaqah Jones
Realtor Re/Max metro
(612) 203-4187