REAL ESTATE GUIDE
March 2014 This photo is for illustration only. This is not an actual listing.
Page 2 Real Estate Guide
Understanding Your Credit Report 300
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: • Incorrect Entries - 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. •
Outdated Negative Credit - If there are unfavorable credit items older than 7 years showing on your report, follow the procedure outlined above.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.
Current Negative Credit - 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.
Call me today for more info on your credit report and for today’s current rates! Scan this QR Code
for contact info and links.
Mark Meier Mortgage Consultant NMLS# 533156
124 N. Cedar Ave. Owatonna, MN 55060
Cell: 507.363.0030 eFax: 855.727.2909 MMeier@WintrustMortgage.com www.WintrustMortgage.com
(Requires Smart phone QR Reader)
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. Wintrust NMLS# 449042 – © 2012 Wintrust Mortgage
Real Estate Guide Page 3
GUIDE WINTRUST MORTGAGE .......................2 The Owatonna Area Real Estate Guide is a monthly distributed in the Owatonna People’s Press ERA Gillespie Real Estate....................7, 8 publication and at select area locations in Owatonna. It is endorsed by Profinium Mortgage ...............................6 the Owatonna Multiple Listing members. A special project of Wells Federal Bank .................................5 The Owatonna People’s Press 135 W. Pearl St., Owatonna, MN Wells Fargo .............................................4 507-451-2840 • Fax 507-444-2382 Publisher RON ENSLEY Advertising Director DEBBIE ENSLEY
email: firstname.lastname@example.org Media Specialists
Owatonna.com 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
BETH BARRETT, RACHEL EBBERS, BETTY FROST, DIANE GENGLER, DAVID WEEKS Advertising Design NIKKIE GILMORE, NAOMI KISSLING, KEELEY KREBSBACH, JENINE KUBISTA,
EQUAL HOUSING OPPORTUNITY
KELLY KUBISTA, PAUL RISTAU
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.
Page 4 Real Estate Guide
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We proudtotobebe part of the community and invite tostop callby ortostop by tohow discover can assist y We are are proud part of the community and invite you to you call or discover we canhow assistwe you with your mortgage needs. Whether you are interested in new purchase, refinance, or home equity with your mortgage needs. Whether you are interested in new purchase, refinance, or home equity financing, financin Wells HomeMortgage Mortgage assist finding a program that unique fits your unique goals. Wells Fargo Fargo Home cancan assist with with finding a program that fits your goals.
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Home Mortgage Consultant Home Mortgage Consultant Home Mortgage Consultant Office: 507-455-7516 Office: 507-455-7516 Office: 507-455-7516 Cell: 507-456-5946 Cell: 507-456-5946 Cell: 507-456-5946 101 N Cedar Avenue Owatonna, MN 55060 101North North Cedar Avenue 101 Cedar Avenue email@example.com Owatonna, MNMN 55060 Owatonna, 55060 NMLSR ID 402028
firstname.lastname@example.org email@example.com NMLSR IDID 402028 NMLSR 402028
Wells Fargo is of Fargo Bank, WellsFargo Fargo Home Home Mortgage is aaisdivision division of Wells Wells FargoFargo Bank, N.A. N.A. Wells HomeMortgage Mortgage a division of Wells Bank, N.A. 2013 Wells N.A. All rights reserved. NMLSR ID ©2013 2013 Wells Wells Fargo Fargo Bank, N.A. AllAll rights reserved. NMLSR ID 399801. 399801. ©© FargoBank, Bank, N.A. rights reserved. NMLSR ID 399801. AS992867 10/2013 AS992867 Expires Expires 10/2013 Expires 03/2014 AS992867 Expires 10/2013
Kelly Ratzloff Matthew G LeTourneau Matthew G LeTourneau
Home Mortgage Mortgage Home Consultant Mortgage Home ConsultantConsultant Office: 507-455-6784 Office: 507-444-2260 Office: 507-444-2260 Cell: 507-390-4302 Cell: 507-339-2193 Cell: 1400507-339-2193 South Oak Ave. Owatonna, 55060 101MN N Cedar Avenue 101 N Cedar Avenue firstname.lastname@example.org Owatonna, MN 55060 Owatonna, MN 55060 NMLSR ID 1102316 email@example.com firstname.lastname@example.org NMLSR NMLSR ID 404642 ID 404642
Real Estate Guide Page 5
Mortgage Rates Are Low Stop into Wells Federal Bank today and visit with Jeff about financing options for your new home.
496 W North St, Owatonna • 444-0010 www.wellsfederal.com
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.
Page 6 Real Estate Guide
See us for an amazing experience with your
HOME LOAN! See Jenny or Matt for details for fast and local service on your home loan. We’ll look out for your best interest!
Owatonna 328 N Cedar 507.444.0101
Mankato 507.389.8900 | Fairmont 507.235.5538 | Truman 507.776.2311
www.profinium.com | NMLS 402979 Member FDIC
When you determine your home’s price, beware of the pitfalls of overpricing. Logically, you would think that the higher the price of your house the more money you will receive for it, but there is a fine line between supply and demand. Potential buyers who see your home’s listing price may bypass even looking at it without considering making a lower offer. Concurrently, buyers who are looking only in a specific price range that is less than the cost of your house will never have the opportunity to view your home, leaving you with less
marketability. On the flip side, those who could afford to purchase your home will inevitabley be drawn to better values that are offered elsewhere. The perils of overpricing can be negated by the benefits of proper pricing. Below are just a few of the many benefits that can be reaped with proper pricing: • Higher offers accompany a fair market value. • Real estate agents will be more likely to show your home enthusiastically if he/she believes it is a good market value. A reasonably-priced home will generate competing offers among potential buyers. • A well-priced home will attract more qualified buyers, ensuring that its marketability remains.
Real Estate Guide Page 7
Nancy Sletten Cell: 507-363-9368 email@example.com 122 N. Cedar • Owatonna Broker Associate 507.451.7488 • 800.658.7056 Realtor, GRI, SRES www.erahome.com NEW LISTING
VISUAL TOUR #3262007
RANCH STYLE HOME LOADED WITH IMPROVEMENTS!
• Kitchen with new appliances, countertops, & ﬂooring • New furnace, central air & hot water heater • New shingles & concrete driveway in 2007 • New permanent fencing in backyard • 2 car garage with new overhead door • Landscaping with curb edging • Updated electrical & more! MLS #4051175
VISUAL TOUR #3190173
5 ACRES...2007 BUILT RANCH...STYLE & LUXURY!
• 5 bedrooms, 3.5 baths • Heated triple 1147 sq ft garage • Lovely kitchen, breakfast bar, open ﬂoor plan • Master bedroom suite - 3 main ﬂoor bedrooms • Walk-out lower level, large, beautiful patio area • Huge family room with wet bar • Beautiful country views MLS #4049413
VISUAL TOUR #3179627
PRISTINE CONDITION - LOWER LEVEL OPTIONS!
• Quality built with 3 bedrooms, 2.5 baths • Spacious sunroom with in-ﬂoor heat • Attached 3 car garage • Custom built kitchen, 6 panel doors & more! • Main ﬂoor formal living & family room with ﬁreplace, 2nd ﬂoor laundry • Master bedroom suite with walk-in closet, whirlpool tub, dual sinks • Pretty landscaping, large patio & decorative curbing MLS #4049138
VISUAL TOUR #3198405
BIGGER THAN IT LOOKS!
• 3 bedroom, 2 full bath ranch • Newer furnace, vinyl siding, & windows • Fenced yard • Lower level family room & full bath • Lower level bedroom with egress window • 2 car garage • Desirable NE Owatonna location • First time home OR downsize! MLS #4049617
Save Money… Save Time… Simplify Your Life EQUAL HOUSING
VISUAL TOUR #3152014
VISUAL TOUR #2392065
VISUAL TOUR #3190757
CONTEMPORARY HOME ON 2.5 ACRES!
• 2.5 acre lot to be created from 9.99 acres • Built in 2004, over 3000 sq ft ﬁnished • 4 bedrooms, 2.5 baths • Family room with ﬁreplace & wet bar • Fabulous master suite! • Just a short drive from Owatonna • Additional land with shed negotiable MLS #4049402
• Open updated ﬂoor plan • Kitchen with custom cabinets, stainless appliances • Lower level with family room, 2 bedrooms & bath • New carpet in main ﬂoor bedroom • Private fenced backyard with storage shed • 2 car garage, quiet NE location • 2 basement windows being replaced MLS #4048116
VISUAL TOUR #2749387
DRIVE A LITTLE...SAVE A LOT! • Main ﬂoor laundry, bedroom & ofﬁce • New Pergo ﬂoor & carpet throughout • Huge kitchen with lots of cupboards, counters & breakfast bar • Newer roof, furnace, siding & hot water heater • Two car garage with 220 wiring • Large treed lot! MLS #4049220
VISUAL TOUR #3168574
5+ WOODED RURAL ACRES RANCH ON QUIET 2 bedrooms, 1.5 bath with main • CUL-DE-SAC! ﬂoor laundry • 3 bedrooms, 3 baths • 2 parcels sold together = 5.77 acres • Lots of square footage • Lots of future potential • Master bath with dual vanities • Second parcel across road • Huge lower level family room • 2 main ﬂoor laundry areas to choose from • Attached two car garage • Outbuildings need attention • Oversized insulated & heated garage • Nice setting 4 miles from town • Nice size mature backyard with deck MLS #4048777 MLS #4048288
SOLD 4 BEDROOM, 2 BATH HOME!
1.36 BUILDABLE LOT BY CANNON LAKE • Now is the time to design & build your dream home • Located near Cannon Lake & Warsaw MLS #4050219
VISUAL TOUR #3187635
MUST SEE TO APPRECIATE! MOVE-IN CONDITION!
• 3 bedrooms, 1+ car garage • Detached 3 season porch • Nice backyard • Spacious kitchen • Vinyl siding & more! • Easy access to downtown MLS #4049375
Satisﬁed Clients Daniel & Beth Filzen Said: “We began working with Nancy as our selling agent. Her vast expertise & committed customer service was invaluable throughout. In the end, we will remember Nancy as ‘our friend in real estate’!”
Page 8 Real Estate Guide
Broker Associate CRS, GRI, ERS, ABR
Connie Knutson Cell: 507-213-6120 firstname.lastname@example.org 122 N. Cedar • Owatonna 507.451.7488 • 800.658.7056 www.erahome.com $79,900
VISUAL TOUR #3025076
NICE & AFFORDABLE! ENJOY LIFE IN A SMALL TOWN! • Three bedroom, 2 bath, 1-1/2 story in Ellendale • Double detached garage • Newer roof, steel siding • Fenced yard, 3 season porch MLS #4044294
VISUAL TOUR #3223127
CLASSIC RANCH! • Ranch style home with over 1200 sq ft • Three bedrooms on main ﬂoor • Double attached garage • Nice deck • Park-like backyard • Room to expand in lower level MLS #4050172
Save Money… Save Time… Simplify Your Life EQUAL HOUSING
VISUAL TOUR #3251631
GREAT STARTER HOME! • 3 bedroom, 2 bath ranch • Home warranty included • Main ﬂoor laundry, hardwood ﬂoors • Finished lower level family room, den or ofﬁce • Newer roof, windows & furnace • Fenced yard MLS #4050852
VISUAL TOUR #3135622
VISUAL TOUR #3067413
THREE FINISHED LEVELS... GREAT FOR FIRST TIME HOME BUYERS! • Nicely decorated 1-1/2 story charmer • Main ﬂoor bedroom & bath • Finished basement with family room, bath & bedroom • Updated kitchen • Upper level space for den, ofﬁce & storage MLS #4047721
NICE RAMBLER MOVE-IN READY! • Large yard and deck • Appliances included • Single stall garage • Paved driveway, vinyl siding • OWNER/AGENT MLS #4045698
VISUAL TOUR #3262578
VISUAL TOUR #3161145
WELL MAINTAINED 4 BEDROOM HOME! • 4 bedrooms, 2 baths • Quiet street near shopping & restaurants • Newer windows & roof • Open ﬂoor plan • Finished lower level family room MLS #4048581
TUCKED AWAY ON QUIET CUL-DE-SAC! • 4 bedroom, 3.5 bath ranch, open ﬂoor plan • Walk-out lower level • Private wooded backyard • Screened in porch & deck • Main ﬂoor sunroom, informal & formal dining • Master bedroom suite • Living room with ﬁreplace • Main ﬂoor laundry and so much more! MLS #4051182
VISUAL TOUR #3035145
SPECTACULAR HOME IN GOLF & LAKE COMMUNITY! • Two story home with 4 bedrooms & 4 baths • 1.66 beautiful acres with lake & golf views • “Rare” granite throughout entire house • Formal & informal dining • 4 season porch, two patios • Family room, wet bar & rec room in lower level • Beautiful master suite with private bath MLS #4044646
Our Team of Professionals 122 N. Cedar, Owatonna 451-7488 • 800-658-7056
Nancy Sletten Broker Associate GRI, SRES
Matt Gillard Realtor GRI
Erin Gillespie Broker Associate GRI, ERS
Connie Knutson Broker Associate CRS, GRI, ERS ABR
Barry Gillespie CRB, CRS, ePRO
Sid Schroeder Realtor GRI, ERS
Stephanie Woodrich Realtor
Melinda David Realtor
Justin Ohnstad Realtor
Ryan Jirele Mortgage
Lud Gillespie 1925-2011
Mark Woodrich Realtor
Division of ERA Gillespie Real Estate Company ID #320358
Call Ryan Jirele
Mortgage Loan Originator #503704
(507) 676-2708 Ryan@erahome.com