Lake Property

Minnesota brings a lot of rich history. Thanks to the beautiful scenery Up North, people have built some gorgeous cabin properties over the years. Older homes tend to have solid structural bones and a ton of charm and character, but because of their age, some issues can arise while owning an aged property. If you’re looking into buying an older vacation home, here are four things you should look for or ask about before signing the paperwork. 

When was the electrical and plumbing last updated? 

Older homes often have outdated internal plumbing and electrical systems that could cause major issues resulting in thousands of dollars in repairs. See if outlets are up to code and what materials have been used for piping. Don’t be afraid to ask the seller to update some of the more reasonable items if you decide to make an offer. 

Are there any Structural or Foundational Concerns? 

Even the most well-built homes can deteriorate over time. Beams and foundations can crack and materials can become compromised due to bad weather, water damage, or other uncontrollable factors. If a home has major structural concerns, consider working with the seller to negotiate the price as repairs can be expensive and most homeowners insurance companies won’t cover the cost of these types of repairs. 

Has the Property Been Tested for Radon? 

Radon is a toxic chemical that is created by the breakdown of uranium in the ground. When it occurs naturally in the environment it causes no harm and is released into the atmosphere. However, when it gets trapped inside a home it can cause dangerous side effects to the human body. Ask the seller if the property has been tested, and if it hasn’t, have them test the home before making an offer so that you know what you’re getting into. 

Does the Home Contain any Hazardous Materials?

Homes built before 1978 often contain materials now known to be unsafe such as lead paint or asbestos. You might want to look into the cost and time commitment of removing them before purchasing, especially if you were hoping to move in quickly. 
Buying a cabin property should be a fun and exciting experience. Bill Hansen Realty’s team is here to advocate for you and ensure that you don’t step into a property with a load of issues that could set you back thousands of dollars. Get in touch with us today to start your search for your beautiful, new-to-you vacation home!

You might wonder if buying or selling your next vacation home is something you can tackle yourself without a professional. While you can certainly manage the details of buying or selling a home, here are some excellent reasons why working with a real estate agent makes a difference. 

You have access to their professional network

Real Estate Agents have a vast professional network that can be beneficial to expand your options for buyers or sellers. They work to find the perfect fit for you that you might not have known about otherwise. They also often work closely with trusted mortgage brokers, inspectors, and repair people that could help make your process effortless.

A Team of Knowledge

Often with your real estate agent, you’ll also get a team of people behind them who are experts in different steps of the process and can ensure that everything is happening smoothly and above board. 

Price and Perks Negotiation

Real estate agents are masters when it comes to the art of negotiation. They’ll ensure you are getting the absolute best deal possible when it comes to making a deal on buying or selling your Minnesota home. 

Expertise with Legal Terms and Documents

If you’ve never bought or sold a house before, you should know that A LOT of paperwork is involved. Having someone to help explain it to you and ensure everything looks legitimate and above board is crucial in keeping yourself and your finances safe. 

They’ll Advocate for You

Ensuring that you are getting the best service, value for your money, or offer on your property is at the top of a good real estate agent’s list. They love meeting your needs and advocating on your behalf with all of the parties involved.

Looking for a real estate team committed to doing the best job possible for you and being your local resource long after your sale? Look no further than Our Team at Bill Hansen Realty! 

There’s a lot of misinformation out there about purchasing a home and what’s happening in the housing market. Here are four common myths going around and the facts that debunk them. 

Myth #1: I have to renovate/fix up my house or vacation home before selling it. 

Reality: That might have been true several years ago, but in today’s seller’s market, it’s less likely you’ll have to do much work if your house is in decent shape. Set up a time to talk to your real estate agent, and we can guide you on the projects you need to tackle and what you can leave for the next owners. 

Myth #2: I can set the asking price to whatever I want. 

Reality: Unfortunately, you can’t arbitrarily price your home. Several factors need to be considered when choosing a listing price, including the house’s condition, the neighborhood, and how quickly you want to sell, among other items. Connect with a real estate professional with expertise in appropriately pricing properties. 

Myth #3: I should wait to buy until home prices and mortgage rates fall. 

Reality: Market and financial experts say that the cost of homes will only continue to rise this year. If you’re thinking about buying, now is the time to get in touch with a real estate agent and mortgage broker to start the process so that you can take advantage of current rates and prices.

Myth #4: Waiving the home inspection will help my offer stand out. 

Reality: While it might be tempting to waive the inspection so that you can nab your dream home, an inspection is a vital step in buying a home. A proper inspection helps you understand your home’s condition and can prevent unwelcome surprises after you close. Before you consider waiving the inspection, check with your real estate professional to see what is best for your situation.

If you’re looking for an honest professional who will help you navigate today’s Northern Minnesota market, reach out to Bill Hansen today!

Is this the year you’re looking to buy your dream waterfront vacation property Up North? We’ve got four tips to help you find a cabin that meets your needs! 

Know What You’re Looking For

The first step is to be clear about what you’re looking for. Make a list of your must-haves: is there a specific lake you want to be on? Are you looking for something more rustic or more modern? How much space do you need? Being clear about what you want will help your realtor find your dream property. 

Check on Accessibility to the Water 

You probably want a waterfront property for more than just a beautiful view; you probably want to get out on the water! Whether you need a boat dock or are just looking to swim or fish – make sure that your property has the water access you’re looking for. 

Keep Maintenance in Mind

Lakefront properties often mean higher exposure to the elements, water and wind damage, critters, and bugs. Be sure that you are prepared for what it will take to keep up with your new property. 

Be Prepared to Move Quickly

When looking for your dream vacation home, you want to be sure that you are ready to make an offer when you find that property you’ve been searching for. Make sure to have your financial situation solidified and your mortgage broker prepared to act. 

We want to get you on the lake this year! Let us help you find your new property for your weekend getaways. Check out our current properties!