Short Sales in Minnesota
With the current real estate market conditions that we are finding here in Minneapolis, Minnesota, there still exists a very large number of short sales on the MLS for sale. Our team, The Minnesota Real Estate Team, has a number of agents who have been able to successfully close so many MN short sales throughout 2009.
As a buyer in today’s market, realize that more than ever, you need a top, top buyer’s agent to help you navigate through a short sale real estate transaction. We are finding timelines for these transactions vary. However, the general consensus is that if you need to be moved in by a certain timeline, offering on a short sale may not be your best option.
Moving into 2010, we have recently been seeing some of the larger national banks to have speeded up the approval process on short sales. However, this is not happening consistently across the board.
As a seller, if you are experiencing difficulties in making your mortgage payments, please realize that you do have options. Wherever your home may be located here in Minnesota or Wisconsin, we have an agent on our team who can help.
Short sales often times can be a frustrating real estate transaction for a buyer and buyer’s agent. However, often times a buyer is able to negotiate a discount on the property for sale.
Please don’t hesitate to contact our team if we can help with any of your short sale buying or selling needs here in MN. There is never any rush or obligation when working with our team.