Comments for Minneapolis Real Estate Blog http://www.minnesotas-real-estate.com/blog Updates on The Minneapolis Real Estate Market Wed, 03 Nov 2010 04:00:08 +0000 hourly 1 http://wordpress.org/?v=3.2.1 Comment on Minnesota Foreclosure Moratorium by White Bear Lake MN Homes for Sale http://www.minnesotas-real-estate.com/blog/minneapolis-real-estate-news/minnesota-foreclosure-moratorium/comment-page-1/#comment-144 White Bear Lake MN Homes for Sale Wed, 03 Nov 2010 04:00:08 +0000 http://www.minnesotas-real-estate.com/blog/?p=237#comment-144 There are some closing delays happening on these bank-owned properties here in Minnesota...but nothing too serious yet as I hear. And, as Ryan says above, it is imperative that you understand the importance of puchasing an owner's policy (title insurance) when buying a bank owned property (or any other property for that matter). There are some closing delays happening on these bank-owned properties here in Minnesota…but nothing too serious yet as I hear. And, as Ryan says above, it is imperative that you understand the importance of puchasing an owner’s policy (title insurance) when buying a bank owned property (or any other property for that matter).

]]> Comment on MN homes for sale by White Bear Lake MN Homes for Sale http://www.minnesotas-real-estate.com/blog/minneapolis-real-estate-news/mn-homes-for-sale/comment-page-1/#comment-126 White Bear Lake MN Homes for Sale Sun, 22 Aug 2010 15:27:52 +0000 http://www.minnesotas-real-estate.com/blog/?p=162#comment-126 Many buyers that I work with want to start their search by looking at foreclosures and short sales because they think these properties are going to be the best "deals". However, 4 of every 5 buyers of mine, at some point in their search, tell me "I don't want to look at any more foreclosures or short-sales." They, instead, opt for "retail" homes that are well maintained, well-cared for, and have a traceable history to them. One always must buy a foreclosure "as-is". Many buyers that I work with want to start their search by looking at foreclosures and short sales because they think these properties are going to be the best “deals”. However, 4 of every 5 buyers of mine, at some point in their search, tell me “I don’t want to look at any more foreclosures or short-sales.” They, instead, opt for “retail” homes that are well maintained, well-cared for, and have a traceable history to them. One always must buy a foreclosure “as-is”.

]]> Comment on Short Sales in Minnesota by Mahtomedi MN Homes for Sale http://www.minnesotas-real-estate.com/blog/minneapolis-real-estate-news/short-sales-in-minnesota/comment-page-1/#comment-118 Mahtomedi MN Homes for Sale Sat, 21 Aug 2010 04:08:30 +0000 http://www.minnesotas-real-estate.com/blog/?p=167#comment-118 It is important to note here, that while short sales may provide "better than average" buying opportunities...short sales also offer troubled sellers a MUCH more attractive option than foreclosure. I cannot stress enough how important it is for troubled sellers to proactively find an experienced short sale realtor to help better their financial stress!! It is important to note here, that while short sales may provide “better than average” buying opportunities…short sales also offer troubled sellers a MUCH more attractive option than foreclosure. I cannot stress enough how important it is for troubled sellers to proactively find an experienced short sale realtor to help better their financial stress!!

]]> Comment on 2519 Grand Ave NE, MLS #3508641 by Blaine MN Homes for Sale http://www.minnesotas-real-estate.com/blog/minneapolis-real-estate-listings/2519-grand-ave-ne-mls-3508641/comment-page-1/#comment-117 Blaine MN Homes for Sale Tue, 17 Aug 2010 04:55:54 +0000 http://www.minnesotas-real-estate.com/blog/?p=100#comment-117 There is a similar listing as this at 719 Hamline Ave, St. Paul, MN. It has 3 residential apartments (total of 5 bedrooms) and a commercial office space. Total rent roll is ~$3,200/mo and it's currently listed for $180K...5 blocks from Hamline University (MLS #3957188). There is a similar listing as this at 719 Hamline Ave, St. Paul, MN. It has 3 residential apartments (total of 5 bedrooms) and a commercial office space. Total rent roll is ~$3,200/mo and it’s currently listed for $180K…5 blocks from Hamline University (MLS #3957188).

]]> Comment on Afton Real Estate | Homes for Sale in Afton, MN by Stillwater MN Homes for Sale http://www.minnesotas-real-estate.com/blog/minneapolis-real-estate-news/afton-real-estate-homes-for-sale-in-afton-mn/comment-page-1/#comment-115 Stillwater MN Homes for Sale Mon, 16 Aug 2010 12:37:30 +0000 http://www.minnesotas-real-estate.com/blog/?p=216#comment-115 We all have to be careful when interpreting statistics. With broad swings in "median sales prices" (i.e. the median represents the 'middle" house sold of a group of houses...NOT the average of a group of houses), it is clear that the group of homes sold in Afton during this time do not represent a normal distribution. So one could argue the significance of these statistics. All of that being said, there is no question there are strong signs of the market place having reached "the bottom". Very good posting! Thank you! We all have to be careful when interpreting statistics. With broad swings in “median sales prices” (i.e. the median represents the ‘middle” house sold of a group of houses…NOT the average of a group of houses), it is clear that the group of homes sold in Afton during this time do not represent a normal distribution. So one could argue the significance of these statistics. All of that being said, there is no question there are strong signs of the market place having reached “the bottom”. Very good posting! Thank you!

]]> Comment on Twin Cities Short Sales by Alan Kroll http://www.minnesotas-real-estate.com/blog/minneapolis-real-estate-news/twin-cities-short-sales/comment-page-1/#comment-107 Alan Kroll Tue, 29 Jun 2010 02:03:16 +0000 http://www.minnesotas-real-estate.com/blog/?p=199#comment-107 I appreciate the market stats you provide here. In Northern Virginia our REO inventory is way down from its peak in 4Q2009. I monitor a 7 county area in the Virginia suburbs of Washington DC. Our REO inventory is running at about 15%-20% of the peack market inventory. In our area regular resales sell strongly if priced right, REO properties get multiple offers quite often, and Short Sales are often the best bargains in the market for buyers who are patient enough to wait for them. Thanks again for the stats in your market. Regards, Alan Kroll: Managing Broker RE/MAX Allegiance Ashburn VA I appreciate the market stats you provide here. In Northern Virginia our REO inventory is way down from its peak in 4Q2009. I monitor a 7 county area in the Virginia suburbs of Washington DC. Our REO inventory is running at about 15%-20% of the peack market inventory. In our area regular resales sell strongly if priced right, REO properties get multiple offers quite often, and Short Sales are often the best bargains in the market for buyers who are patient enough to wait for them. Thanks again for the stats in your market.

Regards,

Alan Kroll: Managing Broker
RE/MAX Allegiance Ashburn VA

]]> Comment on Twin Cities Short Sales by Saint Paul Homes for Sale http://www.minnesotas-real-estate.com/blog/minneapolis-real-estate-news/twin-cities-short-sales/comment-page-1/#comment-85 Saint Paul Homes for Sale Sun, 07 Feb 2010 03:56:31 +0000 http://www.minnesotas-real-estate.com/blog/?p=199#comment-85 Amazing that short sales are double what the foreclosures are. Just a short time ago (no pun intended), foreclosures were all that you would find. I guess Realtors have been doing a good job of educating the public on the advantages of short sales. Amazing that short sales are double what the foreclosures are. Just a short time ago (no pun intended), foreclosures were all that you would find. I guess Realtors have been doing a good job of educating the public on the advantages of short sales.

]]> Comment on Foreclosures in Minnesota by Lake Minnetonka Homes http://www.minnesotas-real-estate.com/blog/minnesota-foreclosure-update/foreclosures-in-minnesota/comment-page-1/#comment-83 Lake Minnetonka Homes Wed, 30 Dec 2009 03:46:09 +0000 http://www.minnesotas-real-estate.com/blog/?p=175#comment-83 I will be happy when we see more foreclosures hit the market. I will be happy when we see more foreclosures hit the market.

]]> Comment on The #1 ranked real estate team in Minnesota by boston condos http://www.minnesotas-real-estate.com/blog/minneapolis-real-estate-news/the-1-ranked-real-estate-team-in-minnesota/comment-page-1/#comment-75 boston condos Tue, 16 Jun 2009 20:19:55 +0000 http://www.minnesotas-real-estate.com/blog/?p=137#comment-75 Great article Great article

]]> Comment on RE/MAX Advantage Plus – Lakeville, MN by Minnesota Investment Real Estate http://www.minnesotas-real-estate.com/blog/minneapolis-real-estate-news/remax-advantage-plus/comment-page-1/#comment-74 Minnesota Investment Real Estate Thu, 04 Jun 2009 03:11:05 +0000 http://www.minnesotas-real-estate.com/blog/?p=135#comment-74 We are on the way to #1. We are on the way to #1.

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