First, when a home-owner parent of an adult child co-signs for a mortgage and both names appear on the note, the IRS states that under some circumstances, the first-time home buyer can qualify for the whole amount.

Second, the IRS states the parent does not qualify for any portion of the credit; however, if the child hasn’t owned a home during the three years preceding the new purchase and they qualify based on income, he or she can be allocated up to the entire $8,000 credit.

Third, when unmarried individuals co-purchase a home and only one of them is eligible for the credit, up to the full $8,000 can be claimed by the eligible buyer.

Contact The HULS Team of RE/MAX Today’s Realty Hutchinson MN for further information.

421 – West 4th Street, Winthrop, MN 55396 No more rent payments with this charming 2 bedroom home with attached garage!   Think of it as your own retirement savings account when you make payments on behalf of yourself instead of to your landlord!  What would be your monthly payment?  Try $325  per month based on a full-price offer of $34,900 including taxes and  insurance, some closing costs, decent credit as a first-time home owner, and 5 1/2% interest on a 30 year fixed rate loan.  This would require about $1,600 out-of-pocket toward appraisal and other closing expenses.  How can you go wrong?

This home features hardwood floors, a full bathroom, two bedrooms on the main floor and potential for another one upstairs.  One car garage is attached and has an electric garage door opener.  And the home has an additional storage shed.  It’s also located on a large lot with mature trees.  It just keeps getting sweeter!

And if this weren’t enough, call us today if you’re looking for a lender.  We can help you achieve your dreams of being your own landlord!

What are you waiting for?  This Winthrop MN real estate opportunity will not wait long.  We believe it will be the next home in Sibley County to sell!

Related posts:

1. Lake Minnie Belle Home in Meeker County MN

Retreat to your own quarters with this beautiful 2005 Compton-built county home with higher end finishes.  Relax in your spacious Owner’s Suite with large walk-in closet, another generous closet,  comfortable large Owner’s bathroom and patio doors.  Feel the stresses release while you entertain in this open floor plan home with stainless appliances and large deck.  And if garages are important to you:  this one is a sleeper!  It LOOKS like a 2 car but has ample room for additional toys, a hot tub or whatever trips your trigger.  On the spacious land this home sits you will WANT to build an additional large shop to fit in with the neighbors…so make plans right away!

Two bedrooms upstairs and two bedrooms downstairs, along with a large family room and additional full bathroom.  Enjoy the cost savings of the newer mound septic system and well, but the convenience of Hutchinson Utilities gas and electricity.  Home is served by either Mediacom or Nu-Tel Communications.  Water softening system is an Iron Curtain system.  Edge of town, literally, behind the gun shop and across from KDUZ KARP radio station.  You’ll be close to anything you want.   Served by   Hutchinson School System or very close to Maplewood Academy and other parochial schools.

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1. Four Bedroom Home on Edge of Town

$41,900 Minnesota REO Bargain

Minnesota Foreclosure and REO properties are showing up more prevalently around the state.  While the Hutchinson MN real estate market has not been flooded like many other areas, I estimate we have slightly over ten-percent of our listings either in pre-foreclosure (short sales) or actual foreclosed.  Typically, the process begins when a person becomes three to five months behind on the house payment and then  the sheriff’s sale occurs.  Once that happens, the delinquent borrower usually has six months during the statutory redemption period to make good on the past due loan.  At the end of that six month redemption period if the borrowers have not come to terms with the bank, they are expected to move out.  Banks contract with local real estate professionals to “watch” the property, that is, keep an eye on when the borrowers move out and then try to prevent frozen plumbing or other problems associated with vacant homes.  Once the home is vacant, it will typically be re-keyed, winterized and prepared for sale.  Banks hire Realtors to perform Broker Price Opinions on the bank owned property, and sometime additional professional appraisals are completed.  Minnesota Real Estate Agents then typically are requested to place public utilities (water, sewer, electricity, gas) into their own names and pay to keep the homes heated during cold months.  Once listed on the Minnesota Multiple Listing Service, we are able to have all agents preview and show the listings to clients.  Often times banks will reduce their listing prices, or at least analyze them, every thirty to sixty days. 

If this is happening with you, or if you’re concerned it may be happening soon, contact us confidentially to talk about options.  I’m pleased to share with you that sometimes we are able to assist borrowers in workout programs between homeowners and their banks.  Occasionally banks will negotiate loan restructuring, even changing the interest rate or other terms.  We will  help you and your bank determine if this is an option for you.

If you’re thinking of purchasing a Hutchinson MN forclosure there are numerous considerations to make.  Contact us for guidance in some of the issues to watch for, and for other assistance.  And by all means consider hiring a professional home inspector on these properties. 

If you’d like to be set up on an automatic email for all foreclosed homes in our area, you may contact The HULS Team.  Timing is AWESOME for buying an investment property.  Interest rates AND home prices are at all-time lows.  If you’ve ever considered buying a rental property we can help you find financing and assist in calculating your ROI.

We could run statistics in our Regional MLS of Minnesota database on Hutchinson MN real estate only, yet know our market area includes farther out areas of Renville County MN homes and land as well as Meeker County Minnesota (and many other locations).  Keep watching our website–it’s in its infancy.  We’ll continue to add lakeshore homes as well as info on lake property and other topics.  Feel free to comment on things you’d like to see.

Following are basic market statistics for McLeod County MN single family homes directly from Northstar MLS:

There are 348 ACTIVE McLeod County Minnesota Single Family homes for sale. Fifty-seven are priced below $100,000; 177 are priced between $100,000 and $200,000. The Average Days on Market (DOM) for all these is 139.2 and Continuous Days on Market (CDOM) is 224.3.

Presently we have 32 PENDING sales here in McLeod Co MN. Some are scheduled to close yet this month and others may not close for several months. REOs (Bank owned foreclosures) and more commonly short sales tend to occasionally drag out a bit, sometimes having to extend closing dates.

Regarding McLeod County MN Homes SOLD since January 1, 2009 there are 10. Six homes were priced under $100,000; 2 more were under $200,000; and one under $300,000 and one more under $400,000.

Homes are selling in our area. Prices have seen a hit (we’ll talk about that at a later time) yet we’re not afflicted to the point the media makes it sound. If you would like more specific market data, please feel free to contact The HULS Team. We will be happy to set you up on an automatic email system for whatever type home you may be interested in learning about (your present home or a future dream).

Related posts:

1. Hutchinson MN Real Estate

546 Juul Road SW, Hutchinson MN

Fairy tales are real and dreams come true.  Also, the saying “they don’t make ‘em like they used to is also true!  This “gingerbread” home proves it. Is it enchanted?  Park your car at the curb and look at it for a long time. You just might see it “twinkle!”

Look at the slope on that roof!  Santa probably has a hard time walking around on it.  If you want a new home with that kind of roof pitch, you will spend a lot of money!  The builder of this home did not “spare the horses” when he constructed this one!

The updates here are real, too.  Plenty of features and plenty of real value compared to other Hutchinson MN real estate listings from this era.  It’s updated with a new electrical panel, newer roof, deck, combo storm windows, and a furnace. There is also a nice toasty fireplace for making magic of your own.

Sure, they brought it up to date, but they left all of the good stuff there, including original woodwork, cabinets, built-in hutch, and more.  Also, there are hardwood floors on BOTH levels.  Usually Hutchinson MN homes from this time period have oak floors on first floor, but only pine floors on the second level.

Nice garage, too!

Big yard in excellent Hutchinson MN neighborhood.

Santa's entryway.

Great family room where the nine dwarves can dance around!

Views of yard from kitchen sink.

Notice the crown molding.

It's cozy, but has more room than you would think.

Note the wood treads.

Lots of sunny windows.

Feature Summary

• Two bedrooms
• Two baths
• Hutchinson MN real estate taxes are $1,164 (full homestead)
• Approximately 1101 finished square feet
• Lot is deep!  (66 x 122)
• Built in 1940

Call today to see this fine home!

546 Juul Road SW
Hutchinson MN MLS #3628094
Only $112,900

Pinch yourself! You might be dreaming!

Thank you for visiting our new website – as a token of our appreciation we are holding a drawing for

ROMANCE PACKAGE from the AmericInn of Hutchinson

Package includes overnight stay in a Whirlpool suite with Champagne, Movie Tickets (for two) and more.  Feel free to tell your friends to register on this site for our drawing TO BE HELD FEBRUARY 1, 2009.

Tell us how you found out about our DRAWING–are you an attendee at the KDUZ KARP January 25 2009 Hutchinson Area Bridal Fair?

I hope you enjoy our new site, and please keep checking back for fresh posts and information.  Your suggestions are welcome!

Register for romance package drawing here:

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Lake Minnie Belle Home in Meeker County MN

A BARGAIN AT ANY PRICE!   $164,900 – Very Flexible Closing Opportunity

Considering a second home by the lake?  2009 is the year to take advantage of excellent pricing and great interest rates!  Check out this fabulous opportunity for entertaining by Lake Minnie Belle in Meeker County! 

Litchfield MN Home with Lake Minnie Belle View

Home has 3 bedrooms, 2 baths and a large new 2 car garage which can be utilized for gatherings of family and friends yet still overlook the premiere Meeker County lake.  View Minnesota Lakefinder for additional information on Lake Minnie Belle. This property also features an addition new one-stall garage/shop to house all your other treasures.   And the back yard is very private, bordered by trees on two sides and a dry creek (most of the year).  And across the road is an under-used public access you will thoroughly enjoy.

Features you’re sure to enjoy:

• High end stainless appliance
• Built in 2002 – 3 Bedrooms, 2 Baths
• Property Taxes  are $988
• Finished square feet = 1288
• 2 Car Garage Stall + 1 Car Insulated Garage Stall
• Fabulous Lake Minnie Belle Views from Gazebo and Large Deck
• Updated Real Wood Floors
• Compliant Septic System and Well
• LP Forced Air Furnace and Central Air

Breathtaking view of Lake Minnie from Deck of Home

Open and Inviting Floor PlanLake Minnie Belle View from Deck of Home

High End Stainless Appliances Included In Sale

Front Load Washer Dryer

Awesome Views from Gazebo

Breathtaking view of Lake Minnie from Deck of Home

Lake Minnie Belle MN Access Across Road From Home

Outstanding Landscaping and Yard in this Meeker County MN Home

Gazebo and Large Deck will be a Favorite Place of Yours!

Meeker County MN Lake View Home

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1. Adorable Winthrop MN Foreclosure in Sibley County
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27 5th Ave NW Hutchinson MN MLS #3605071

Four bedroom, two bath home is well updated throughout. This 2089 finished square foot walkout rambler includes the following updates:

• Steel siding
• Roof
• Windows
• Carpet
• Laminate flooring
• Interior paint
• 200 amp electric
• Furnace and AC
• Huge deck with excellent views
• Spacious 1419 sq foot garge with two stall insulated with 220 amp service

This Hutchinson MN home is delightfully located across from Hutchinson’s famous wintertime attraction: Rocket Hill sledding park.  You will enjoy the gleaming hardwood floors and plenty of sunshine throughout both levels of this meticulously maintained and upgraded home.

Check out the spacious lot recently surveyed at 2/3 acre.  There is plenty of room for your growing family, gardening, play equipment and a place to create memories.  Shady mature trees and a great neighborhood!  Close to everything in Hutchinson.

All appliances are included in the asking price.  Kitchen appliances include stove, refrigerator, microwave, and dishwasher. Also has large pantry/closet.  Washer and dryer are also included, and home has the possibility of a main floor laundry.

Inviting kitchen has all new appliances!

This Hutchinson MN rambler walkout has 2/3 acre!

Open floor plan.

Warm, welcoming entry with hardwood floors.

New deck with panoramic views.

Room for five cars!

Call The HULS Team to tour this fine Hutchinson MN home that boasts a large garage/shop and all the amenities.

27 5th Ave NW
Hutchinson MN

Priced to sell at $174,900!

See the virtual tour for 27 5th Ave NW.

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2. Executive Hutchinson MN Home for Sale
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21281 180th St, Hutchinson MN - $249,900

Timeless, classic beauty shows pride of craftsmanship, pride of ownership, and attention to detail.  If the statement “They don’t build ‘em like that used to” is true, then this charmer of an older home in Hutchinson is a case in point. Be sure to scrutinize the trim work and bring your know-it-all uncle along to examine all of the newer plumbing, mechanicals, and electrical wiring.  Check out the awesome built-ins and gleaming wood floors.

This was built in the roaring 1920’s, and this home certainly characterizes the high living of that time.  Apparently, they wanted posterity to know about the lifestyle by the way they built their homes.  What do you think all of those 1970’s rambler home will look like in 100 years from now?  Well, it won’t be pretty!  This one was built to weather the centuries.

This home was moved to a large lot in Hutchinson and placed on a new foundation.  Unless you looked at the new foundation, you probably would not be able to tell.  This one was built like a Sherman tank.

Crown moulding, fireplace, and hardwood floors

Deep double garage

Finished lower level

Arched doorway with muntins and sidelight windows

Huge lawn areas plus mature trees

How's this for built-ins?

Generously proportioned bedrooms

Light and bright family room

This photo shows off the floors, woodwork, and craftsmanship in this fine Hutchinson home.

Vital data:

• Three bedrooms, including a main floor master suite with ample dimensions
• Three bathrooms, which is sometimes hard to find in an older home in Hutchinson. Master suite has a full, private bath
• Double garage
• Main floor laundry
• Lot is 1.5 acres, on a corner, and is adorned with mature trees.
• Newer wiring
• Newer plumbing
• Propane forced air/in-floor heat
• Deck
• Hardwood floors
• Appliances are included in sale
• Sun-soaked sunroom
• Vaulted ceilings
• Approximately 3337 finished square feet
• Hutchinson MN real estate taxes are $1434.  Cheap!
• More features than we can mention here.

If you want to see this finest older home in Hutchinson, call me at (320) 234-4404.  You are in for a treat!

Related posts:

1. Walkout Rambler Home in Hutchinson
2. Executive Hutchinson MN Home for Sale
3. Spacious Home in Hunter’s Ridge, Hutchinson