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Welcome to Chelsea Erickson Real Estate

Chelsea Erickson -- your real estate professional for Forest Lake and the surrounding lakes -- knows the uniqueness and draw of living by the water. Chelsea earned her Bachelor of Business Degree in Marketing while attending the University of Minnesota in Duluth, on the shores of beautiful Lake Superior. She has now amassed 20+ years of experience in Real Estate, personally owning multiple properties over the years.

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Where Will You Go If You Sell? You Have Options.

There are plenty of good reasons you might be ready to move. No matter your motivations, before you list your current house, you need to consider where you’ll go next.

Homeownership Builds Your Wealth over Time [INFOGRAPHIC]

Some Highlights If you’re thinking of buying a home this year, be sure to factor in the long-term benefits of homeownership. On average, nationwide, home prices appreciated by 288.7% over the last 32 years. That means homeowners grow their net worth significantly in the long term.

Why It Makes Sense To Move Before Spring

Spring is usually the busiest season in the housing market. Many buyers wait until then to make their move, believing it’s the best time to find a home. However, that isn’t always the case when you factor in the competition you could face with other buyers at that time of year. If you’re ready to buy a home, here’s why it makes sense to move before the spring market picks up.

Why You Shouldn’t Fear Today’s Foreclosure Headlines

If you’ve seen recent headlines about foreclosures surging in the housing market, you’re certainly not alone. There’s no doubt, the stories in the media can be pretty confusing right now. They may even make you think twice about buying a home for fear that prices could crash. The reality is, the data shows a foreclosure crisis is not where the market is headed, and understanding what that really means is mission critical if you want to know the truth about what’s happening today. Here’

The 3 Factors That Affect Home Affordability

If you’ve been following the housing market over the last couple of years, you’ve likely heard about growing affordability challenges. But according to experts, the key factors that determine housing affordability are projected to improve this year. Selma Hepp, Executive, Deputy Chief Economist at CoreLogic, shares:

Want To Sell Your House? Price It Right.

Last year, the housing market slowed down in response to higher mortgage rates, and that had an impact on home prices. If you’re thinking of selling your house soon, that means you’ll want to adjust your expectations accordingly. As realtor.com explains:

What’s Really Happening with Home Prices? [INFOGRAPHIC]

Some Highlights If you’re thinking about selling your house, recent headlines about home prices falling month-over-month may have you second guessing your decision—but perspective matters. While home prices are down slightly month-over-month in some markets, home values are still up almost 10% nationally on a year-over-year basis. A nearly 10% gain is still dramatic compared to the more normal level of appreciation, which is 3-4%.

Pre-Approval in 2023: What You Need To Know

One of the first steps in your homebuying journey is getting pre-approved. To understand why it’s such an important step, you need to understand what pre-approval is and what it does for you. Business Insider explains:

Have Home Values Hit Bottom?

Whether you’re already a homeowner or you’re looking to become one, the recent headlines about home prices may leave you with more questions than answers. News stories are talking about home prices falling, and that’s raising concerns about a repeat of what happened to prices in the crash in 2008.

Think Twice Before Waiting for 3% Mortgage Rates

Last year, the Federal Reserve took action to try to bring down inflation. In response to those efforts, mortgage rates jumped up rapidly from the record lows we saw in 2021, peaking at just over 7% last October. Hopeful buyers experienced a hit to their purchasing power as a result, and some decided to press pause on their plans.

Testimonials

Relators Chelsea Erickson and Jeff Carpetner were very professional and knowledgeable and helpful in the marketing/selling of my home. I would recommend their services to family and friends. All aspects of my sale of my home were handled professionally and kept me involved and updated. Thank You.

St. Denis, Terry; North Branch

Chelsea makes EVERYTHING BETTER! Always Flexible, Prompt, Professional & Not Afraid to Work Hard for YOUR GOALl! It takes a Hot 5 minutes in her presence to recognize how Clearly Outstanding she is! A Strong Negotiator, with Builder Connections, Real Estate Expertise & People Skills.... What??? Finally..... God Sent Her ! Don't make the mistake we did... Wasting precious time by signing with the Wrong Realtors & Stuck Waiting their Contracts out.... Beat The Pandemic - With A Breath of Fresh Air - Meet Chelsea Erickson the Road Warrior of Real Estate!! : ) Spencer & Coral Millage

CoCo Millage

Chelsea came highly recommended from family members and she lived up to their praise. She met all of our expectations. We look forward to closing our next house with her.

Rona Flesner

Chelsea has been such a pleasure to work with. Keeping things easy and fun! She made the whole experience of selling our town home and buying our house so seamless, even during a pandemic. Would highly recommend.

Danielle Swaggert

Chelsea is amazing, very professional and knowledgeable with all she does. She helped my family and I find our forever home while being patient and understanding through the entire process. I'm thankful for her dedication and commitment to helping serve us. Would recommend to EVERYONE.

Christopher Mead

Chelsea is amazing, very professional and knowledgeable with all she does. She helped my family and I find our forever home while being patient and understanding through the entire process. I'm thankful for her dedication and commitment to helping serve us. Would recommend to EVERYONE.

Christopher Guse

Chelsea is super professional and knows her stuff! She also really cares about you and your dreams, with the power of negotiation to get you there! I highly recommend her!!

Michelle Triplett

Highly recommend!! Very knowledgeable at all aspects of her job! From listing to closing she keeps your priority list her priority list! She gives space when you need time to make a decision a d she's aggressive when you need an aggressive realtor on your side. She knows the job and she the very best!

ethandamon214
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