Express Commute Forest Lake to Downtown Minneapolis—Fast and Easy!

 
Forest Lake residents who work in downtown Minneapolis can skip the frustrating traffic jams and backups! There is a convenient commuter station, or transit center, is just a hop, skip or jump from most Forest Lake homes!
 
As a REALTOR® in the north and east Twin Cities metro, I often am asked about the commute to downtown Minneapolis from the Forest Lake area. It is a concern for anyone considering a move to the Chisago, Forest Lake and Wyoming area. A normal traffic free commute from Forest Lake by car to downtown Minneapolis is about 45 minutes. Add in rush hour traffic and travel time can stretch the ride into the city by an additional 20-30 minutes especially with winter storms or summer road construction.

A few years back, Metro Transit started a Forest Lake express route which has since expanded to 2 pick up locations: The Forest Lake transit station and Running Aces in Columbus. The free parking and convenient locations have attracted several commuters.

The Forest Lake Transit Station is located on the Hardwood Creek Trail just west of Highway 61 and 202nd Avenue about a mile south of Forest Lake High School.  This location is a great for parents of students who may have to drop off a student the high school, Century or Southwest Junior High as it is just minutes south of any of these schools.

The Running Aces lot is convenient for those commuters on the west side of 35E. It is a Park & Ride lot with ample space to park just off 35E on County Rd 23.

***Check out the Route 288 schedule HERE! *** 
Route 288 currently offers 7 south bound and 8 north bound trips daily. Departure times run at just before 6 AM with a last run approximately 8 AM and get commuters downtown in an stress free 45 minute ride! Using shoulders and commuter lanes gets the riders to their downtown workplace destination quickly and safely. Return express rides to Forest Lake start just after 3PM and run approximately every 25-30 minutes until approximately 5:45PM.

If you are considering moving to the north metro but avoided Chisago, Forest Lake and Wyoming due to the commute to Minneapolis, it might be time to expand your location choices. This route does make the commute to downtown Minneapolis a breeze! Communities like Chisago City, Hugo, North Branch, Scandia,Stacy and Lindstrom also will benefit as the transit station location is easily accessible from these communities as well.

Need to know more about buying or selling a Twin Cities home? Let me be your professional guide. If you are buying, selling or relocating to Minnesota and need help from a professional REALTOR®, give me, Teri Eckholm of Boardman Realty, a call or visit my website for a FREE Home Buyer Success Guide or FREE Home Value Report. I specialize in acreage and lakeshore properties in the north and east Twin Cities metro area including Ham Lake, Lino Lakes and all communities in the Forest Lake School District. Serving Anoka, Chisago, Ramsey and Washington Counties in Minnesota.

Copyright 2015 www.terieckholm.com

Rethink the Bridal Registry! A Dream HOME Could Make the Happy Couple VERY Happy!

When I was married we didn't have a fun barcode readers to capture and share our favorite towels, toasters and china patterns but they seem to make life simple for today's bride and groom. But wouldn't it be awesome to point that thing beyond the department store wares and head out to the nearest neighborhood of cozy bungalows and tag something that a the happy couple also needs, their first home? Imagine engaged couples browsing the internet listings on realtor.com or dropping by an open house and using a scanner to click the QR-type code on their favorite new home so the front door key could be handed over as the bride is carried over the threshold. AWESOME idea, right?

It is an off-the-wall idea but couples getting married this year may have a tough time finding first time buyer financing. Zero down loans have all but disappeared from the landscape and first time buyers need cash in their pockets to put toward a new home. As mortgage programs continue to change and evolve, it is essential to save for that down payment. A forward thinking young couple might want to divert some of their wedding funds and gifts into an investment in a new home, in which they can begin their lives together.
 Buyers wanting to purchase this spring will NEED a down payment for a house. Not just a few bucks either. In most cases a buyer will require a minimum of 3-5% to put down. With an average Minnesota starter home in the $175,000 price range, today's brides and grooms will need to save at least $5,000-$10,000, plus closing costs.

All is not lost for first time buyers, but a little forward thinking is in order. There is a lot of money involved in most weddings; both on the party planning and the gift recipient side. A savvy bride and groom might be able to figure away to have the perfect wedding AND a dream home.

New Home Gift Registry Young couples getting married register for gifts to let their friends and family know exactly what they want and need. If you need a house, why not let your guests know? Maybe the insert in the wedding invitation should read:“The couple is registered for a small number of necessities at Target, JC Penneys and Macys. If you would prefer not to shop, they are also saving for a down payment for a new home and would a appreciate monetary gift toward their dream.”
I don’t know what Miss Manner’s would say about but I think a financial wiz like Suze Orman would applaud the idea.

Wedding Budget With the average dream wedding going for over $20,000, maybe a little arranging of the budget is in order. Those saved dollars from the dream wedding can go toward that dream home instead. Now, I am not suggesting "cheaping out" on anything or everything. But it would be prudent to take a look at where you can economize on your budget. Maybe you can go fore go the fancy invitations or select a less expensive dress. Is it possible the honeymoon trip to Hawaii would be a better choice for your fifth anniversary and a road trip to Duluth, MN to create newlywed memories along the north shore of Lake Superior could be considered instead? Whether on wedding details, reception or the honeymoon, if just 25% could be saved on the average wedding, approximately $5000 cash that could go toward your dream home.

So brides and grooms start thinking about your future lives together and create a plan for your dream home. Though those scanners will not work outside of the department stores, I do! As a professional REALTOR® , I have helped many young couples find the first home of their dreams. I know the north and east Twin Cities housing market and can help you spot a deal whether want a dream home in Maplewood, Forest Lake or Blaine. I will assist you in writing a fair offer and negotiate a deal so your dream can become a reality. And having your OWN agent doesn't cost you any additional fees--The seller pays my commission! Working with an agent to find your first home, takes the stress out of the home buying process so you can focus on making your wedding day special rather than moving in details too. 

Copyright 2013 www.terieckholm.com

Hey Anoka County Homebuyers! Do you Have your Eye on a Real Estate SLEEPER?

You check the MLS link every day and there it is...sitting on the market day after day. It's your dream home and you have watched it for a couple of months now. It seems to be priced right; in fact, it is a steal of a deal. But the market has you paralyzed into watching and waiting rather than making your move on the perfect home so there you are on the fence still waiting until that perfect moment to call up a REALTOR® and put in your offer on your dream. As you continue to "time the market", waiting to see if seller of that “sleeper” is going to drop the price again, you may be missing out. It is time to WAKE UP! Because, you might not be the only one with an eye on that sleeper and if you wait too long it will be gone.

A real estate “sleeper” is a home that is an amazing deal but few people, if anyone, is paying attention to it. Usually it is a great property, location, structurally sound and priced well but has not sold. In a buyer’s market where there is significant home inventory but few buyers, sleepers are abundant.

Maybe the home was originally over priced and though it is now priced very well it is being overlooked because of high days on the market statistics.

Possibly several very similar homes went on the market at the same time and in the same condition. Picture for a second, three homes listed during the same week in a cookie-cutter development where all the homes have roughly the same floor plan. All the homes are the same age, condition, and priced very well, but only one homebuyer comes through the neighborhood during the next two months. So after 60 days, there are two sleepers left that didn’t sell. Since the houses are essentially the same as the neighboring home that sold, it's not that the homes aren't properly priced. This is another scenario that will cause a sleeper in this changed market.

And then some great homes are "sleeping" on the market because…well, there is just so much darned inventory out there!

But if you are sitting on the sidelines and just watching your perfect home for another price reduction, beware. I have sold a couple of sleepers this past year throughout Anoka, Ramsey and Washington Counties. In each case, nothing was happening on the property then BAM....we had 2-3 qualified parties interested in the home at the same time. In these particular cases, they weren’t the cookie-cutter variety either. One home in Ramsey County in the White Bear Lake/Vadnais Heights area in an ideal location. After months on the market, there were suddenly two offers in one day! Agents and clients were nonchalant when I told stressed that the home had recently seen a sudden surge of interest. Many even “pooh-poohed” the idea and mildly accused me of trying to get them of trying to coerce an offer. When the first offer came in, the seller wasted no time in accepting and I had several parties, buyers and agents alike, shocked, and more than a little miffed, that it was suddenly sold!

If the sleeper phenomena had happened only one time this past year, I would consider it a fluke but I have experienced this situation on homes in Washington and Anoka Counties as well. In some cases I was the listing agent and others I was representing buyers.

So homebuyers heed my warning, if you are on the fence watching a sleeper that is currently listed, now might be the perfect time to make your move...Contact your REALTOR® for a showing, make sure you have your pre-approval from your loan officer ready to go and make your move! Or someone else might beat you to it!

Copyright 2011www.terieckholm.com

The Good, the Bad & the Ugly of Buying a Minnesota Lakehome in the Winter

According to the calendar, winter just started but we all know from the chiropractic visits to tend to our aching, shoveling-afflicted spines that Minnesota’s winter weather blew into town several weeks ago. Unfortunately this means all that picturesque lakeshore that defines our beautiful state is frozen and covered with a thick white blanket of snow.

If you’re considering buying a lakeshore home, that just about cuts off any opportunity of buying for the year; that is unless you assess the quality of the lake using an ice auger and depth finder when freezing your backside off fishing on the ice. Right?

Well, not so fast. Buying a lakeshore home in the winter can make sense…And save lots of money too. If you know the specific lake well or are not concerned about the quality of shoreline, winter can be a great time to write up an offer.

GOOD reasons not to wait:

1. Motivated Sellers—Any seller that keeps Minnesota lakeshore on the market during the winter most probably needs to sell.
2. Less Competition—With few buyers on the market there is less change of multiple offers on properties which make for easier negotiations with the sellers.
3. Low Interest Rates—They keep telling us that these rates won’t stay around forever and they are starting to inch up again. A lower interest rate means more buying power.

BAD  and UGLY situations that could arise:

1. Shoreline Problems—That picturesque beauty that was covered with snow could reveal low lake levels or weedy shoreline problems rather than the sandy beachfront you imagined.
2. Septic issues—If the home is on a lake with a private sewage system, it might not be able to be fully assessed for compliance issues which could be costly if a new system is required.

Bottom line, winter can be an tremendous opportunity to get a deal on a Minnesota lake home but be advised if you don’t know the lake well; there are significant risks to making a purchase when the lake is covered with a thick slab of ice. Weigh your options carefully before deciding whether you should put in an offer on that seemingly perfect snow covered home on the lake or wait until April when the waves are once again lapping on the shore to put in your offer.

Copyright 2010 terieckholm.com

Haunted House in Forest Lake, MN? Or Just a Nightmare on Jason Street?

As a REALTOR® I know a Minnesota does not have to disclose paranormal activity when selling their home but this is one haunted house I wanted to share with everyone in the north and east Twin Cities metro.

Paranormal activity runs rampant at this house just north of the lake, but this haunting is only once a year and is all in good fun!


Last Halloween, I had the chance to visit this fantastic (and FREE) haunted house in Washington County just off of North Shore Trail. Chris Costello has set up his home on Jason St., in Forest Lake, MN for the past few years with monsters and creatures that are more treat than trick on Halloween.

I took several photos of the festivities that were part fundraiser for the Salvation Army’s Red Kettle campaign but mostly just fun! Everyone’s all time monster movie favorites were there including zombies, mummies and Frankenstein!


Some were stationary displays and more than a few were very dynamic….you never know which characters were going to jump out at you until they do! But all in all it was a very PG and family friendly event.

Hopefully weather will permit and all the festivities will be a go again this Halloween. It is said that the display grows bigger each year!


So if you have already picked up your pumpkin at Lendt’s in Wyoming and Nightmare at Pinehaven Farms is a bit too frightening, maybe a drive over to Jason Street will be perfect activity for your family.

If you want to learn more about Chris’ annual event watch the first installment of the documentary originally produced for LATV Cable Channel 10 below




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Copyright 2010 Teri Eckholm 

Forest Lake, MN Real Estate Market Statistics Mid Year 2010

Forest Lake, Minnesota is well known throughout the Twin Cities area. Many people from the city remember the northeast St. Paul suburb fondly from years gone by as a summer vacation spot, an annual ice fishing tournament tradition or as a destination when going for a Sunday a drive in the country. Today, the lakeside cabins have been replaced with year round residences, the fishing tourney is but a memory and the farms are few and far between in this third ring St. Paul suburb. The northern Washington County and east Anoka County community of Forest Lake is now considered an integral part of the Twin Cities.

Real estate in Forest Lake, MN sold a bit faster during the second quarter compared to the first. A total of 110 properties sold in the Forest Lake Area between January and June compared to 45 being sold prior in the first three months of the year. Of these homes, 68 properties, were single family homes while the other 42 were townhomes, condos or twin homes.

Not surprisingly, the price category of under $200,000 is the high point the bulk of homes sold during the first half of 2010 (78 properties sold with 39 Single family homes and 39 townhomes/condos). The $8000 tax credit really made an impact in the Forest Lake market as the first time buyer homes under $200,000 are not staying on the market for very long. It will be interesting to see if this momentum continues, though it seems doubtful based on early pending sales results for May and June since the credit expired.

High end homes continue to struggle though the first half of 2010. Homes over $500,000 remain are at a complete standstill with zero homes sold in the over half a million price category in the Forest Lake area during this time period. Add that to the one home sold in all of 2009 and it will is difficult to calculate an absorption rate. As most lakeshore homes fall into this category, there is an abundance of high valued lakeshore homes to select from in the Forest Lake area. With one sold in the past 18 months and 24 active listings over $500,000, it will DECADES for all the homes to sell if sales continue at this rate.

What does this mean for the home buyer? Homebuyers in 2010 looking for homes under $200,000 will have to make quick decisions on homes in Forest Lake that appear to be good values. Lakeshore and acreage properties priced under $500,000 seem to be attractive to buyers and selling quickly again, so it is important to be prepared to buy when the right property comes onto the market.

A buyer looking to purchase high-end lakeshore in the Forest Lake area, is at the wheel in the captain’s chair in 2010! With so much inventory, high-end lakeshore sellers must to be flexible on pricing if they want to be the house with the SOLD sign on their yard this summer! NOW might be the perfect time to negotiate a GREAT deal on a lakeshore home! The inventory is awesome…Over 50 lakeshore homes with are currently active in the Forest Lake area; some are at very attractive and affordable price points. Many have been on the market for several months; some have been on the market for years. With the continued low interest rates may never be a better time to negotiate a deal on your piece of Minnesota shoreline!Mid Year Average Sales Price of all homes sold in Forest Lake:
All Homes $175,317

Single Family Homes $207,204
Townhomes/Condos $125,208

Mid Year 2010 Average Cumulative Days on Market in Forest Lake:
All Homes 167
Single Family Homes 180

Townhomes/Condos 146

Mid Year Forest Lake real estate statistics for single family homes:

Under $200,000~ 48 Active Listings, 7 Pending Listings, 39 Sold Listings, 123 CDOM (Lakeshore Subgroup ~ 0 Active, 0 Pending, 0 Sold)

$200,000-$300,000 ~ 60 Active Listings, 7 Pending Listings, 19 Sold Listings, 200 CDOM (Lakeshore Subgroup ~ 9 Active, 1 Pending, 1 Sold, 50 CDOM)

$300,000-$400,000 ~ 24 Active Listings, 0 Pending Listings, 4 Sold Listings, 210 CDOM (Lakeshore Subgroup ~ 8 Active, 2 Pending, 2 Sold, 86 CDOM)

$400,000-$500,000 ~ 15 Active Listings, 0 Pending Listings, 6 Sold Listing, 408 CDOM (Lakeshore Subgroup ~ 5 Active, 0 Pending, 3 Sold, 493 CDOM)

$500,000-$1,000,000~ 19 Active Listings, 0 Pending Listings, 0 Sold Listings (Lakeshore Subgroup ~ 19 Active, 0 Pending, 0 Sold)

$1,000,000 and Up~ 5 Active Listings, 0 Pending Listings, 0 Sold Listings (Lakeshore Subgroup ~ 5 Active, 0 Pending, 0 Sold)

Mid Year 2010 Forest Lake residential real estate statistics for townhomes and condos:

Under $200,000~ 35 Active Listings, 11 Pending Listings, 39 Sold Listings, 121 CDOM

$200,000-300,000~9 Active Listings, 0 Pending Listings, 3 Sold Listings, 200 CDOM

$300,000-$400,000 ~ 4 Active Listings, 0 Pending Listings, 0 Sold Listings

For additional information on any current Forest Lake real estate listing or for additional information on buying a home in Forest Lake contact Teri Eckholm directly at 651-336-7073.

54 Active Lakeshore Properties available in the Forest Lake area:

Price range $225,000-$4,995,000

44 Homes on Forest Lake
6 Home on Clear Lake
2 Homes on Comfort Lake
1 Home On Shields Lake
1 Home On Sylvan Lake

**All Statistical information based on information from the REGIONAL MULTIPLE LISTING SERVICE of MINNESOTA, INC. for the period of 1/1/10 through 6/30/10.

Copyright 2010 Teri Eckholm h

Beware of Dangers Lurking in the Underbrush on Minnesota Acreage!

Anoka, Chisago, and Washington Counties in Minnesota boast some of the most beautiful, desirable acreage properties in the state. As a REALTOR® in the Columbus, Ham Lake, Forest Lake and Lino Lakes area, I have to walk acres with my home buyers to assess the land. I walk the perimeter of properties with potential acreage sellers to understand the property lines. Whenever showing homes on Minnesota acreage, I am prepared. There are dangers lurking in the underbrush.

Poison Ivy--Be aware and on the look out for these poisonous plants as they are all over in Minnesota yards and wooded areas. Many property owners don't even realize the plants are poison ivy. Poison ivy is found all over the US while a close relative poison oak is found most often in the west. The plants to have a similar look and exposure to either of these plants will cause a similar, painfully itchy reaction.

Poison Ivy in Summer

• Classic poison ivy is in full swing
• Some leaves are notched and some are not
• New leaves are shiny and still somewhat reddish
• Older leaves are duller in color

Photo courtesy of http://www.poison-ivy.org/
Poison ivy can be a ground cover, a vine or a bush. One small neglected patch can spread very quickly to a huge area. Exposure to this plant is an itchy nightmare that can last for several weeks unless treated with prescription medicines, usually steroids. These plants can leave oil on clothing which can spread in the laundry. Be aware of this hazard when walking in any wooded area that you are unfamiliar with.
Think you know what poison ivy looks like? Take a quick poison ivy PHOTO QUIZ
Wood Ticks/Deer Ticks—While the woods are often a haven for white-tailed deer, the beauty of these animals is overshadowed by a frightening reality. Deer ticks are carriers of Lyme disease; a painful disease that can be quite debilitating if untreated. Deer ticks (or Blacklegged ticks) are rarely found in maintained yards and are very tiny and often not noticed even after having bitten a host. The best defense is prevention of a deer tick bite.

• Dress Appropriately—When walking acreage with underbrush or on property that has not been maintained, wear long sleeves and tuck in pant legs. Hats are a good idea to keep ticks out of your hair and off your head!
  
• Use Bug Spray—Effective repellents include DEET and Permanone. Spray clothing with Permanone repellent prior to wearing as it is not to be sprayed directly on the skin. DEET can be used on clothing and/or skin.

For additional information on ticks commonly found in Minnesota, read article “Ticks and Their Control”, by Jeffery D. Hahn

Of course ticks aren’t the only biting critters on acreage. If walking an acreage property in the evening or near a lake or wetland, I am prepared to ward off mosquitoes, deer flies and no-see-ems too. Luckily, the advice for ticks, a good bug spray with DEET, a hat and long sleeves, works to a keep bites from these pests to a minimum as well.


Copyright 2010 Teri Eckholm 

Rethink the Bridal Registry! Today's Bride & Groom Want a First HOME!

Wouldn’t it be great to take one of those little barcode readers beyond the department store towels, toasters and flat screens and head out to the nearest neighborhood of cozy bungalows and tag something that a new bride and groom really need, their first home? Imagine browsing the internet listings on realtor.com or dropping by a Sunday Open House and using that scanner to click on your favorite new home so you could receive the front door key just in time to be carried over the threshold. Only in a perfect world, right?

I know it is a crazy idea but brides and grooms getting married this year are going to face a tougher time finding a loan as first time buyers. Zero down loans have all but disappeared from the landscape and first time buyers will need cash in their pockets to put toward a new home. As mortgage programs continue to change and evolve, there is a reality to saving for that down payment. A forward thinking young couple might want to divert some of their wedding funds and gifts into an real estate investment in which they can begin their lives together.

In this changed real estate market, new home buyers NEED a down payment for a house. Not just a few bucks either. In most cases a buyer will require a minimum of 3-5% to put down. With an average Minnesota starter home in the $175,000 price range, today's brides and grooms will need to save at least $5,000-$10,000, plus closing costs.

All is not lost for first time buyers, but a little forward thinking is in order. There is a lot of money involved in most weddings; both on the party planning and the gift recipient side. A savvy bride and groom might be able to figure away to have the perfect wedding AND a dream home.

New Home Gift Registry Young couples getting married register for gifts to let their friends and family know exactly what they want and need. If you need a house, why not let your guests know? Maybe the insert in the wedding invitation should read:“The couple is registered for a small number of necessities at Target, JC Penneys and Macys. If you would prefer not to shop, they are also saving for a down payment for a new home and would a appreciate monetary gift toward their dream.”
I don’t know what Miss Manner’s would say about but I think a financial wiz like Suze Orman would applaud the idea.

Wedding Budget With the average dream wedding going for over $20,000, maybe a little arranging of the budget is in order. Those saved dollars from the dream wedding can go toward that dream home instead. Now, I am not suggesting 'cheaping out" on anything or everything, just take a look at where you can economize on your budget. Maybe you can go forego the fancy invitations or select a less expensive dress. Maybe that trip to Hawaii would be a better choice for your fifth anniversary and a road trip to Duluth, MN to create newlywed memories along the north shore of Lake Superior should be considered instead. Whether on wedding details, reception or the honeymoon, a 25% savings on the average wedding is $5000 cash that could go toward your dream home.

So brides and grooms start thinking about your future lives together and create a plan for your dream home. Though those scanners will not work outside of the a department store, I do! As a professional REALTOR, I have helped many young couples find the first home of their dreams. I know the north and east Twin Cities housing market and can help you spot a deal whether you are looking in Forest Lake or Andover. I will assist you in writing a fair offer and negotiate a deal so your dream can become a reality. And having your OWN agent doesn't cost you any additional fees--The seller pays my commission! Working with an agent to find your first home, takes the stress out of the home buying process so you can focus on making your wedding day special rather than moving in details too.

I

Copyright 2010 Teri Eckholm

Wordless Wednesday (Almost)--Hobby Farm Heaven in Columbus Minnesota!

Living in the country in Anoka County Minnesota can be like a little slice of heaven especially in the springtime when everything is just starting to bloom again! This beautiful bright red barn is just one of the photos I took for my new listing in Columbus (just west of Forest Lake). 35 Acres to call your own near Carlos Avery Wildlife Management area. Want to see more photos? Take the tour by clicking HERE!

Copyright 2010 Teri Eckholm 

Considering a Move to a MN Hobby Farm or Acreage? Important Considerations for Homebuyers!

Over a decade ago out family came across a home being renovated on just under 3 acres in the country. It was a bit of a drive from North St. Paul and Maplewood, the quiet little suburbs where we had spent most of our lives. But there was something intriguing about the beautiful landscape with dozens of towering oaks and pines. We loved the idea that our two boys who were just starting school at the time could play hide and seek and ride their bikes right in our own yard. We made the leap without considering all of the differences that faces us switching from a city to a rural life.

Now as a REALTOR® in the north metro, I show homes to other families looking for the same escape from the city that we sought years ago. I notice that the same questions continue to come up whether considering a hobby farm in Columbus, an acreage lakeshore home in East Bethel, a horse property in Scandia or an executive estate in Ham Lake. Though the properties that are being considered are only 15-20 miles from the nightlife of downtown Minneapolis, there are significant differences in the way of life out in the country. Here are some important questions and considerations that face my clients as they make their move from the city to the acreage in Anoka and Chisago Counties.

**Does the home have a Septic or Private Sewer system?

Most rural homes have a private septic system. Not all systems are created equal. They are designed for the specific property and size of the home. Even a new septic system can fail if not properly maintained. How do you know if the septic system is working? Is there a required inspection at the point of sale? Not all rural communities will require a septic inspection. Some like Wyoming and Columbus do for every sale, some like East Bethel only require if you are near a lake or river but others have no point of sale inspection requirement for the septic. To protect your interests when buying an acreage homes with a septic system, require the seller to supply a report of compliance from a certified septic inspector in your purchase agreement. If you have never lived on a home with a septic system, it is important to educate yourself on how to best maintain your system. Additional information on Septic Systems.

**Does the home have access to city water or a private well? Do I need a water softener or other water treatment system?

Families new to the concept of well water have many questions regarding its safety. Traditionally, well water is tested for bacteria and nitrates at the time of sale by the seller. A lead test for well water is required only for FHA loans. If you want the well test for your property to include other contaminants, it must be specified in the purchase agreement. Annual water testing is recommended for all home owners with wells. Additional information on Private Wells and how to locate your MN Unique Well Number.

One question often asked by home buyers considering a property with a private well is about water treatment options available. Many homes with private wells have water softeners to treat the water in the home. Some will go one step further and have a reverse osmosis water treatment system in the kitchens as a drinking water supply.
**Is there a natural gas supply to the home or will a propane tank be located on the property?

Often people looking at acreage will have questions about the huge propane fuel tank located near the home. These tanks are usually see only at gas stations where homeowners fill their small propane tanks for the weekend BBQ. In the country, the large tanks are in many backyards as the source of fuel to heat the home and run appliances. As a fuel source the differences are not noticeable. Propane is the least expensive cleanest fuel if a home does not have access to natural gas.

**Does the home have access to cable or high speed internet or will a satellite connection be required? Can I get high speed internet through the phone line? Does the property have cable access? What are the alternatives if DSL is not available through the phone or cable lines?
A decade ago, these were not questions that few people cared about in the rural communities. Today our interconnected world brings these questions to the forefront. Believe it or not, there are still many homes in Lino Lakes, Ham Lake, Forest Lake and East Bethel that do not have cable lines or high speed internet available through the phone lines. If your family lives on the internet and could not live without a high-speed connection, it is essential to find out whether a home has access. The alternative of direct satellite high speed internet is significantly more expensive.
**Is the road frontage paved? If the road is not paved, how often is it maintained by the city/county?

When our family first moved to our home to a rural area in MN, the road was not paved. We were nearly a mile down this soft, sandy dirt road. We moved in the late fall and had no idea of the extremely poor condition of the road in the April rain of spring. It was treacherous at times. The regrading was done by the city on a schedule so we would have a pot-holed road for days. Our road has been paved for years now but the memories of the rutted spring road still remain.

If you are considering acreage, remember many rural roads are not paved. Try to visit the property on several occasions and under differing conditions to determine the condition of any unpaved access roads. Talk to the city and county to understand the maintenance schedule for the road. Also be sure to ask if there are any plans to pave the road in the future and what would be assessed per property owner for the project.

**Is there wildlife?

Well maybe not lions and tigers, but we have sited bears and foxes seen near our home. We also have pheasant, hawks, bald eagles, raccoons, several varieties of squirrels and deer. A flock of a couple dozen wild turkeys have made their home in our neighborhood too. And an owl and a hawk both nest in trees in near our property. I rarely saw blue jays, cardinals or hummingbirds in the city, but in our rural home we see them on a daily basis. While exciting, the downside is sometimes the wildlife comes in. I don’t know anyone that doesn’t have an occasional field mouse enter their home.
**Is hunting allowed?
In some rural areas hunting is still allowed depending on the amount of acreage, the development restrictions and city and county rules. It was a rude awakening for us to discover our neighbors were allowed to hunt. Imagine our shock that first deer opener when the hunters came out in blaze orange to hunt in the woods next to our home. The property owner, at our request, posted the land and the hunters left. The land has since been developed but it is something everyone moving should understand before buying any acreage home. Check with the city and county for all ordinances regarding firearms.

**Where are the schools?

The public school districts in rural communities can be vast. In Forest Lake District 831 in Minnesota for example, students come from communities as far west as Ham Lake, as far south as Lino Lakes, as far east as Scandia and as far north as Stacy! It you drive from the western border to the eastern border of the district, it takes almost 45 minutes, one way! This particular school district has only one high school so your children’s best friend from school could literally live almost an hour from your home. It pays to research the school district prior to any housing decisions.

Also school alternatives can be limited. Communities in the city have dozens of private and charter school options. These options are much lower in rural areas due to the smaller population.

**Can we have a bonfire and burn all this debris?
There are strict state and local restrictions regarding burning of construction debris and yard waste. There are restrictions on the size of the fire and what can be burned. Many construction materials cannot be burned because they release chemicals into the air that pose an environmental hazard. There are times of the year where burning is only allowed by permit and sometimes not at all. Before burning it is best to check the local restrictions as well as the DNR.
**Where do we shop? How far to the nearest corner store, gas station, shopping center and mall?
Depending on how often you like to shop, this may or may not be a big concern. But it is always nice to know how far you will have to go for a gallon of milk for breakfast or a gallon of gas for the lawn mower.
**How long does it take to cut the grass?
If your yard is over an acre with few trees, you might consider a lawn tractor. Many people on acreage only cut certain areas leaving the rest to grow to a natural prairie. Another consideration would be whether or not to install an irrigation system for the sod near the home.**Wow! There are a lot of trees! Do I have to worry about oak wilt?Oak wilt is a big concern in Anoka and Chisago counties. Many of the communities have information and programs to help protect and save the oak trees from this disease.
**What about emergencies? How far to the nearest hospital? Where is the nearest fire station? Who provides police protection?
No one wants to think about these things when moving but accidents and illnesses do happen. It was a long hour drive to Children’s Hospital in St. Paul when son fell and needed stitches in his upper lip. If the nearest fire station is staffed with volunteers and over five miles away, it will seem like a lifetime during those 5-10 minutes while you wait for the fire truck to show up to YOUR home. Many rural communities do not have police officers but are patrolled by the county sheriff’s department. Understand your options before an emergency occurs because it will likely take a bit longer if you are in a rural area.

With a little planning your move to a home on acreage can be a great one!




Copyright 2010 Teri Eckholm

Forest Lake, MN Real Estate Market Statistics 1st Quarter 2010

Forest Lake, Minnesota is well known throughout the Twin Cities area. Many people from the city remember the northeast St. Paul suburb fondly from years gone by as a summer vacation spot, an annual ice fishing tournament tradition or as a destination when going for a Sunday a drive in the country. Today, the lakeside cabins have been replaced with year round residences, the fishing tourney is but a memory and the farms are few and far between in this third ring St. Paul suburb. The northern Washington County and east Anoka County community of Forest Lake is now considered an integral part of the Twin Cities.

Real estate in Forest Lake, MN was still selling close to pace with 2009 in first quarter of 2010 especially in the lower price points. A total of 45 properties sold in the Forest Lake Area between January and March. Of these homes, 28 properties, were single family homes while the other 17 were townhomes, condos or twin homes.

The Cumulative Days on Market (CDOM) Statistic ran at 160 days for all homes sold during the year so it was only slightly higher for first quarter 2010 at 161 CDOM. Once again, the average price of homes did see a significant drop from in the first quarter of 2010 The average price of a home sold in Forest Lake was $176,776 in 2009 but in the first quarter of 2010, that average is now $158,756 which is another 10% lower.

Not surprisingly, the price category of under $200,000 is the high point with 35 properties sold during the first quarter of 2010 (19 Single family homes and 16 townhomes/condos). The $8000 tax credit really made an impact in the Forest Lake market as the first time buyer homes under $200,000 are not staying on the market for very long. Inventory is manageable under $200,000 with about 6 months of currently listed homes available for sale. Inventory levels are rising in other price points as homes in the $200,000-400,000 categories have exploded again to over 3 year’s worth of inventory. In the $400,000-500,000 price range, homes have seen drop in inventory levels to where there is about 18 month’s worth of inventory.

However, as for the past few years, the high end homes continue to struggle into 2010. Homes over $500,000 remain are at a complete standstill with zero homes sold in the over half a million price category in the Forest Lake area during the first quarter of 2010. Add that to the one home sold in all of 2009 and it will is difficult to calculate an absorption rate. As most lakeshore homes fall into this category, there is an abundance of high valued lakeshore homes to select from in the Forest Lake area. With one sold in the past 15 months and 34 active listings over $500,000, it will over four DECADES for all the homes to sell if sales continue at this rate.

What does this mean for the home buyer? Home buyers in 2010 looking for homes under $200,000 will have to make quick decisions on homes in Forest Lake that appear to be good values. Lakeshore and acreage properties priced under $500,000 seem to be attractive to buyers and selling quickly again, so it is important to be prepared to buy when the right property comes onto the market.

A buyer looking to purchase high-end lakeshore in the Forest Lake area, is in the driver’s seat in 2010! With so much inventory, high-end lakeshore sellers must to be flexible on pricing if they want to be the house with the SOLD sign on their yard this summer! NOW might be the perfect time to negotiate a GREAT deal on a lakeshore home! The inventory is awesome…34 homes with are currently active in the Forest Lake area; some are at attractive and affordable price points. Many have been on the market for several months; some have been on the market for years. With the continued low interest rates it could be a great time to negotiate a deal on your piece of Minnesota shoreline!

First Quarter Average Sales Price of all homes sold in Forest Lake:

· All Homes $158,756

· Single Family Homes $182,822

· Townhomes/Condos $119,118

First Quarter Average Cumulative Days on Market in Forest Lake:

· All Homes 161

· Single Family Homes 146

· Townhomes/Condos 186

First Quarter Forest Lake real estate statistics for single family homes:

Under $200,000~ 41 Active Listings, 11 Pending Listings, 19 Sold Listings, 105 CDOM (Lakeshore Subgroup ~ 0 Active, 0 Pending, 0 Sold)
$200,000-$300,000~ 67 Active Listings, 3 Pending Listings, 5 Sold Listings, 134 CDOM (Lakeshore Subgroup ~ 1 Active, 1 Pending, 0 Sold)

$300,000-$400,000 ~ 20 Active Listings, 2 Pending Listings, 2 Sold Listings, 174 CDOM (Lakeshore Subgroup ~ 7 Active, 0 Pending, 0 Sold)

$400,000-$500,000 ~ 13 Active Listings, 0 Pending Listings, 2 Sold Listing, 535 CDOM (Lakeshore Subgroup ~ 5 Active, 0 Pending, 2 Sold)

$500,000 and Up~ 32 Active Listings, 0 Pending Listings, 0 Sold Listings (Lakeshore Subgroup ~ 34 Active, 0 Pending, 0 Sold)

Year End 2009 Forest Lake residential real estate statistics for townhomes and condos:

Under $200,000~ 30 Active Listings, 11 Pending Listings, 16 Sold Listings, 187 CDOM

$200,000-300,000~8 Active Listings, 0 Pending Listings, 1 Sold Listings, 1 CDOM

$300,000-$400,000 ~ 4 Active Listings, 0 Pending Listings, 0 Sold Listings

For additional information on any current Forest Lake real estate listing or for additional information on buying a home in Forest Lake contact Teri Eckholm/ REMAX Specialists directly at 651-336-7073.

35 Active Lakeshore available in the Forest Lake area:

Price range: $175,000-$2,300,000

43 Homes on Forest Lake

1 Home on Clear Lake

2 Homes on Comfort Lake

1 Home On Shields Lake

**All Statistical information based on information from the REGIONAL MULTIPLE LISTING SERVICE of MINNESOTA, INC. for the period of 1/1/10 through 3/31/10.

Copyright 2010 http://www.terieckholm.com/

Forest Lake Boys Basketball Team Heads to State Tourney!

CONGRATULATIONS to the Boys Basketball team who have qualified for the Minnesota State High School Basketball Tournament!

The Forest Lake Rangers are scheduled to play at 10:00 AM on Wednesday, March 24, 2010, at the Target Center in Minneapolis.


ARE YOU a RANGER Fan?
Ride the Fan Bus! Forest Lake Area Schools Community Education will be selling adult tickets for the game and providing bus service to Target Center in Minneapolis for the 10AM game. No need to mess with downtown parking or a rush hour commute!When: Wednesday, March 24. Board the bus starting at 8am. Bus leaves at 8:15am. Game starts at 10am. Bus will leave the Target Center and return to Century Jr. High immediately following the game.
Where: Board the bus at Century Jr. High (21395 Goodview Ave N, Forest Lake). You may park in the parking lot. Bus will be in the front of the school.

How To Sign Up: Complete the registration form and drop off with payment at the District Office, 6100 N 210th St, or register by phone with a credit/debit card at (651) 982-8110. Registration ends today at 4:30pm.

Cost: $17.00 ($12.00 Adult Ticket and $5 bus)
GO RANGERS!

Copyright 2010 Teri Eckholm 

Year End 2009 Snapshot of Columbus MN Market Statistics

Home sales are up in Columbus, Minnesota which is well known for its acreage properties but like most neighboring communities, prices are not. In this Anoka County community, just west of Forest Lake, home sales rose over 37% from 2008 to 2009. The average price of a home dropped nearly 11% and fewer homes were listed on the market. Decreased inventory helped sellers to keep more dollars in their pockets during negotiations than in some neighboring communities although the ratio of percentage of list to sale price did go down. With average days on the market also down considerably for the first time in two years, it appears that buyers are making decisions quickly on acreage homes in Columbus, Minnesota.

Copyright 2010 Teri Eckholm 

Year End 2009 Snapshot of Forest Lake, MN Home Sales Statistics

The sold signs are going up faster on homes in the community of Forest Lake Minnesota in 2009 compared to 2008 but the amount they are getting for the homes is significantly less than previously. The average sales price of a home was down nearly 28% this past year for this north Washington County/east Anoka County community. One explanation; Frustrated sellers of high end lakeshore homes continue to wait for a sale as first time buyers scoop up deals on the lower end of the market in order to get the expiring tax credit. More closed sales means the inventory is down overall.

 

Copyright 2010 Teri Eckholm

Forest Lake, MN Year End Real Estate Market Statistics for 2009

Forest Lake, Minnesota is well known throughout the Twin Cities area. Many people from the city remember the northeast St. Paul suburb fondly from years gone by as a summer vacation spot, an annual ice fishing tournament tradition or as a destination when going for a Sunday a drive in the country. Today, the lakeside cabins have been replaced with year round residences, the fishing tourney is but a memory and the farms are few and far between in this third ring St. Paul suburb. The northern Washington County and east Anoka County community of Forest Lake is now considered an integral part of the Twin Cities.
Real estate in Forest Lake, MN did sell well in 2009 especially in the lower price points. A total of 309 properties sold in the Forest Lake Area during 2009. Roughly two thirds of these sales, 201 properties, were single family homes while the other 108 were townhomes, condos or twin homes. This number is up from the 259 homes sold in the Forest Lake area in 2008.
The Cumulative Days on Market (CDOM) Statistic ran at 160 days for all homes sold during the year. This is a 12 % decline in market time from last year’s CDOM stat of 181 for all properties sold in the Forest Lake area in 2008. Not as positive of news is that the average price of homes did see a significant drop from 2008 to 2009. The average price of a home sold in Forest Lake was $239,819 in 2008 but in 2009, that average was 26% lower with an average home price of $176,776.
Not surprisingly, the price category of under $200,000 is the high point with 210 properties sold during 2009 (107 Single family homes and 103 townhomes/condos). The $8000 tax credit really made an impact in the Forest Lake market as the first time buyer homes under $200,000 really moved quickly in 2009. Inventory is very manageable under $200,000 with just 3 months of currently listed homes available for sale. Though homes in the $200,000-300,000 category in are selling a bit slower, 8 months worth of inventory is very manageable. As is the 10 months of inventory in the $300,000-400,000 price range of homes. Even in the $400,000-500,000 priced homes have seen drop in inventory levels to where there is just over a year’s worth of inventory.

However, as in 2008, the high end homes struggled for sales throughout 2009. Homes over $500,000 remain at a near standstill with only ONE home over half a million SOLD in the Forest Lake area in all of 2009. As most lakeshore homes fall into this category, there is an abundance of high valued lakeshore homes to select from in the Forest Lake area. With one sold in the past 12 months and 23 active listings over $500,000, it will two DECADES for all the homes to sell at this pace.
What does this mean for the home buyer? Homes were well priced in Forest Lake during 2009 so there was a dramatic reduction in the number of listings to choose from. Homebuyers in 2010 will have to make quick decisions on homes in Forest Lake that appear to be good values. Lakeshore and acreage properties priced under $500,000 are selling again, with an average market time of 5-6 months so it is important to be prepared to buy when the right property comes onto the market.

A buyer looking to purchase high-end lakeshore in the Forest Lake area, is in the driver’s seat in 2010! With so much inventory, high-end lakeshore sellers will need to be flexible on pricing if they want a SOLD sign on their home any time soon. NOW might be the perfect time to negotiate a GREAT deal on a lakeshore home! The inventory is awesome…35 lakeshore homes are currently active; some are at attractive and affordable price points. Many have been on the market for several months. With the continued amazing low interest rates, the extended and expanded homebuyer’s tax credit and few buyers willing to consider buying frozen lakeshore, it could be a great time to negotiate a deal on your piece of Minnesota shoreline!

2009 Average Sales Price of all homes sold in Forest Lake:

• All Homes $176,776
• Single Family Homes $209,778
• Townhomes/Condos $122,799

2009 Average Cumulative Days on Market in Forest Lake:

• All Homes 160
• Single Family Homes 157
• Townhomes/Condos 164

Year End 2009 Forest Lake real estate statistics for single family homes:
Under $200,000~ 27 Active Listings, 12 Pending Listings, 107 Sold Listings, 136 CDOM (Lakeshore Subgroup ~ 0 Active, 0 Pending, 6 Sold)
$200,000-$300,000 ~ 33 Active Listings, 1 Pending Listings, 60 Sold Listings, 169 CDOM (Lakeshore Subgroup ~ 4 Active, 1 Pending, 5 Sold)
$300,000-$400,000 ~ 17 Active Listings, 2 Pending Listings, 25 Sold Listings, 209 CDOM (Lakeshore Subgroup ~ 3 Active, 0 Pending, 8 Sold)
$400,000-$500,000 ~ 10 Active Listings, 0 Pending Listings, 8 Sold Listing, 188 CDOM (Lakeshore Subgroup ~ 7 Active, 0 Pending, 3 Sold)
$500,000 and Up~ 23 Active Listings, 0 Pending Listings, 1 Sold Listings 306 CDOM (Lakeshore Subgroup ~ 18 Active, 0 Pending, 1 Sold)

Year End 2009 Forest Lake residential real estate statistics for townhomes and condos:
Under $200,000~ 30 Active Listings, 11 Pending Listings, 103 Sold Listings, 163 CDOM
$200,000-300,000~8 Active Listings, 0 Pending Listings, 4 Sold Listings, 78 CDOM

$300,000-$400,000 ~ 4 Active Listings, 0 Pending Listings, 1 Sold Listings, 79 CDOMFor additional information on any current Forest Lake real estate listing or for additional information on buying a home in Forest Lake contact Teri Eckholm directly at 651-336-7073.
35 Active Lakeshore available in the Forest Lake area:

Price range: $189,900-$2,600,000

• 32 Homes on Forest Lake
• 1 Homes on Clear Lake
• 2 Home on Comfort Lake

**All Statistical information based on information from the REGIONAL MULTIPLE LISTING SERVICE of MINNESOTA, INC. for the period of 1 /1/09 through 12/31/09.

Copyright 2010 Teri Eckholm http://www.terieckholm.com/

Foreclosure Inventory Down; House Prices Up—Are there Still Good Deals on Acreage and Lakeshore in Anoka County?

Absolutely! There are still GREAT deals on many acreage and lakeshore home throughout Anoka County (and Washington County too)!

The $8000 tax credit caused a flurry of activity at the end of the summer. With the original end of November deadline looming, people rushed to snatch up deals on acreage and lakeshore homes throughout Anoka, Chisago, Ramsey and Washington Counties. But now with the extension and expansion of the tax credit, many first time homebuyers and previous owners alike are excited that they too can STILL get a credit but wonder if they missed out on all the good deals. Not a chance. There are still deals to be found throughout the Twin Cities north and east metro!
Looking for a foreclosure, bank-owned or short sale but need to be able to live in the home immediately after closing?
Good news is that foreclosures are no longer always trashed, fixer-uppers. Today's foreclosures can be simply AWESOME! This economy has forced builders and responsible homeowners alike to let amazing properties go back to the bank. Many are still in pristine condition. Some still may require a bit of cleanup or a few cosmetic changes but there are many in move in condition too.
But not ALL deals are foreclosures!
Many homes priced to sell are people who have to sell do to a lifestyle change that is not financial. Whether relocating for a new job, getting married or having twins, people have to find new places to live. If a seller is motivated, they are pricing to compete with the foreclosure market. So don’t think the only deals are lender mediated or you could miss out on a beauty!
Here are a few of the treasures I noted while perusing the Twin Cities MLS in Anoka and Washington County today:

• New Construction on 2+Acres in Ham Lake. Wooded backyard. Walkout basement. Custom built two story 4BR/3BA/3Car home with over 2500 square feet of finished living space. Down $30K Offered at $361,900


• Like NEW Rambler on Egg Lake in Hugo. Beautiful views in awesome 2005 Built executive rambler w/granite, mstr suite and more. Awesome 4BR/3BA/3Car home with walkout and over 3000 square feet of finished living space. Sold for $539K in 2006 now offered at $399,900


• Almost NEW Coon Lake Treasure Lakeshore PLUS Acreage !! 2005 built 5BR/3BA on almost 3 wooded acres and 200ft on Coon. Home has 1700+ sq ft finished w/lower level sheetrocked and wired for 1700 more. Priced under $380K.


• 6200+Sq ft Ham Lake 2Sty on 3.5 Acres! 6BR/6BA/4 car built in 2005 with picture perfect landscaping, oak floors and huge master suite. Originally listed at $825K but short sale priced at $545K!


• BRAND NEW 2BR/1BA/3Car Linwood Rambler on 2.5 Acres Main flr laundry, hickory cabinets, landscaped yard and framed for 2 BR and bath in lower level! Originally listed at $249K now $235K!


• Amazing value on 100 Ft of Forest Lake shoreline. 1988 built 3BR/3BA/2Car remodeled inside and out with breathtaking views of Forest Lake available due to relocation. Tax valued at $530K and NOT a short sale but down $150K being offered at $374,900


• 3BR/2BA/3CAR on 7 ACRES in Linwood! Built in 2006 custom built rambler in almost new condition. 3 BR on main, private master with whirlpool, front porch. Original asking price $349K but priced short at $249K.

If you are in the market for a great deal on a lakeshore or acreage home, time to get organized because the rules to buy are a bit different in this changed market. Many times you can be submitting your offer to a bank rather than a traditional seller and how they assess your purchase agreement is all business and less heart.
Eight Tips for homebuyers in this CHANGED real estate market:

1. Don’t wait until after the holidays! Homes are being listed every day…even in November and December. If you wait until January 1st to contact a REALTOR and loan officer for preapproval, you will miss out on a deal or two. Many people choose to wait out until after the holidays…smart buyers will be ready to write an offer even if the home is listed a few days before Santa arrives!


2. Banks LOVE clean offers. Heck…traditional sellers love them too! Buyers MUST be preapproved with credit checked and employment and funds verified. Documentation must accompany the offer or it won't be considered.


3. Banks reject lowball offers...often without negotiation. They are a business and know the value of the asset they are selling. Traditional sellers often will be offended by an unreasonable offer and less likely to negotiate. Make sure your agent provides comparable sales to review before writing your offer on the purchase agreement so it makes good sense to both you as a buyer and the seller.


4. Well priced homes get multiple offers. Serious buyers put in their best bid first.


5. Banks sell homes AS-IS. Homes held in an estate or owned by a relocation company will also routinely require AS-IS agreements.What you see is what you get. Buyers must be prepared to make all necessary repairs out of their own pocket after closing.


6. Banks will not pay for inspections in most cases. This includes the septic system and/or well. Be prepared as all inspections could end up being the buyer's responsibility. If you chose to inspect the septic or the county requires a septic compliance test, expect to pay $400-$500 for this inspection. A well test will run around $150. A whole house inspection is $350-$500. Conversely, traditional sellers and relocation companies will often negotiate to determine who will pay for some types of the inspections. A basic home inspection is usually paid for by the homebuyer.


7. Personal property is not included as part of the sale when a lender owns the home. So if the appliances are at the home when you close, they are a bonus. The bank will not remove. But they don't guarantee will remain at the home or that they are in working order. This means if someone breaks in the home prior to the closing and takes them, the bank will not replace. This is not the case with a traditional sale. Make certain every appliance, as well as any other personal property, is listed in the purchase agreement if the home is sold by a traditional seller.


8. Having your own REALTOR® to represent your interests is essential. The listing agent is under contract to represent the bank or seller of the property. In many cases, banks do not allow a dual agency so if a buyer contacts the listing agent to write the offer, the buyer does not have representation. This means all of your information goes to the seller...the listing agent is required to tell the seller and their representatives everything that you say about your financing and the amount you are able or willing to pay. But the listing agent is not required to tell you anything in return. The listing agent works only for the seller of the property. Having your own REALTOR® to represent your interests in the transaction usually does not cost anything…It is paid for by the seller.
   

Copyright 2009 Teri Eckholm http://www.terieckholm.com/