REAL ESTATE GUIDE
June 2012 This photo is for illustration only. This is not an actual listing.
Page 2 Real Estate Guide
Bank of America Home Loans® guidance + your real estate professional = home buying made clear Rely on our experience and guidance to help you find the loan option that’s right for your financial circumstances. Combined with your real estate professional’s local market knowledge, you may be able to 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 can help determine how much you can comfortably afford to borrow. With that information, you can then consult with your real estate professional to find a home that’s right for you. And when you apply, you’ll benefit from our exclusive Clarity Commitment® loan summary that will highlight key terms of your loan in easy-to-understand language. In the meantime, you may wish to explore our valuable Home Loan Guide, which provides home financing tools and calculators. You can access the Home Loan Guide directly from our website. Add it up — the expertise of your local real estate professional, coupled with all that Bank of America Home 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.
Kristin Meier Mortgage Loan Officer (507) 213-9797 Cell (507) 446-1181 Office 102 N. Cedar Avenue Owatonna, MN 55060
Mark Meier Mortgage Loan Officer (507) 363-0030 Cell (507) 446-0080 Office 102 N. Cedar Avenue Owatonna, MN 55060
Kristen.Meier@BankofAmerica.com Kr istin.Meier@BankofA merica.com
Mark .Meier@BankofAmerica.com Mark.Meier@BankofAmerica.com
http://mortgage.bankofamerica.com/kristenmeier http://mortgage.bankofameri ca.com/markmeier
The 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. This is not a commitment to 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.
May June 2012 2012
RealEstate EstateGuide Guide Page Page 3 1 Real
INDEX Bank of America ............................. 2 ERA Gillespie Real Estate ............. 7-8 HomeTown Credit Union ................ 8 Wells Fargo Home Mortgage .......... 6 Wells Federal Bank.......................... 4 Profinium ....................................... 5
REAL ESTATE GUIDE
The Owatonna Area Real Estate Guide is a monthly publication distributed in the Owatonna Peopleâ€™s Press and at select area locations in Owatonna. It is endorsed by the Owatonna Multiple Listing members. A special project of The Owatonna Peopleâ€™s Press 135 W. Pearl St., Owatonna, MN
Â‡)D[ Publisher RON ENSLEY Advertising Director DEBBIE ENSLEY
email: firstname.lastname@example.org Media Consultants %(77<)5267/8.(%52:1 DIANE GENGLER, RACHEL EBBERS, DEB THEISEN Advertising Design -(1,1(.8%,67$.(//<.8%,67$ .(55,/<1&+68(6&+867(5
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 ÂŠ 2012
Owatonna.com EQUAL HOUSING
EQUAL HOUSING OPPORTUNITY
All real estate advertising in this publication is subject to the Fair Housing Act which makes it illegal to advertise â€œany 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.â€? 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
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.
Real Estate Guide Page 5
WANT A LOWER MORTGAGE PAYMENT? ACT NOW WHILE RATES ARE LOW! See the Profinium mortgage staff for an appointment to lower your payment or shorten your mortgage term!*
OWATONNA LOAN PRODUCTION OFFICE
328 North Cedar Ave.
Equal Housing Lender
www.profinium.com Member FDIC *Qualifications may apply.
Jennifer Svien NMLS # 663481
Matt Walerius NMLS # 663358
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Get a strong team to pull for you We 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 a home equity loan or line of credit, Wells Fargo Home Mortgage can assist with ﬁnding a program that ﬁts your unique goals. �
Call or visit your local team today.
Home Mortgage Consultant Ofﬁce: ���-���-���� Cell: ���-���-���� ��� North Cedar Avenue Owatonna, MN ����� email@example.com NMLSR ID ������
Matthew G LeTourneau
Home Mortgage Consultant Ofﬁce: ���-���-���� Cell: ���-���-���� ��� N Cedar Avenue Owatonna, MN ����� firstname.lastname@example.org NMLSR ID ������
Home Mortgage Consultant Ofﬁce: ���-���-���� Cell: ���-���-���� ���� South Oak Avenue Owatonna, MN ����� email@example.com NMLSR ID ������
�. Home equity loans and lines of credit are available through Wells Fargo Home Equity Group, a division of Wells Fargo Bank, N.A. Wells Fargo Home Mortgage is a division of Wells Fargo Bank, N.A. � ���� Wells Fargo Bank, N.A. All rights reserved. NMLSR ID ������. AS������ �/��-�/��
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
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Page 8 Real Estate Guide
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June Real Estate Guide