Jason Tangen

Originally posted at http://StCloudEdina.com/blog on 10/16/2008:

I have to give Coldwell Banker Burnet a little credit for trying anything to spark sales. Their 10 day sales event has gotten a ton of publicity and gotten people in the twin cities looking at real estate again.

My personal thoughts on this promotion, what an ingenious way to basically trick your sellers into a price reduction.

Most all real estate agents know that once you drop the price on a home it is nearly impossible to get that money back. Think about it: if you saw a home listed for $180,000 two days ago and it is listed for $190,000 today what will you offer them? $190K? I thought so:)

In the grand scheme of things, the price reductions are more than likely a necessity in order to get a lot of homes sold that are currently listed. I congratulate Coldwell Banker on trying new things to get people into the market, but what's next? A "blue light special?"

Jason Tangen - GRI, e-PRO - Real Estate Broker Associate with Edina Realty in St Cloud MN

www.StCloudEdina.com - See all the bank owned properties listed on the St Cloud MLS

http://JasonTangen.EdinaRealty.com - Search open houses in Sartell MN and all of Central MN

Originally posted at http://StCloudEdina.com/blog on 10/14/2008:

I was asked to see what percentage of first time home buyers are purchasing bank owned homes with the recent flood of foreclosures on the market. I was unsure at first, as first time home buyers can come in any price point. But I did pull together this little statistic in regards to foreclosed properties on the St Cloud MLS:

50.4% of all homes sold on the St Cloud MLS under $150,000 were bank owned (Data from St Cloud MLS for the time period of 01/01/2008-10/13/2008).

That means for all of you in Central Minnesota that are trying to sell your home within this price range, over 1/2 of your potential buyers are buying a foreclosed home instead.

In contrast, only 19.0% of all homes sold on the St Cloud MLS over $150,000 were bank owned.

That means if you are looking to purchase a home in the $150,000+ price range, you might be doing yourself a disservice by looking at only foreclosed homes.

Jason Tangen - GRI, e-PRO - Real Estate Broker Associate with Edina Realty in St Cloud

http://StCloudEdina.com - Search Real Estate in Sartell Minnesota and surrounding areas.

http://JasonTangen.EdinaRealty.com - Find Open Houses in Sauk Rapids MN and surrounding areas.

Originally posted at www.stcloudedina.com/blog on 10/08/2008:

For those of you who waited too long and now don't have a home and still don't have the down payment saved, here's some hope.

If you are looking to purchase a home with $0 down, check out this website:

http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do?NavKey=home@1

This is a link to the United States Department of Agriculture, Rural Development. The great thing about this website is that it allows you to punch in any address and find out if it qualifies for 0% down Rural Development loans.

Check with your lender to see if a Rural Development loan is something that you want to look into more seriously. If you are unsure of which lenders are reliable and trustworthy in these crazy times, give me an e-mail at mailto:jason@stcloudedina.com.

Jason Tangen - GRI, e-PRO - Real Estate Broker Associate with Edina Realty in St Cloud

http://JasonTangen.EdinaRealty.com - With the new foreclosed property search feature you can see all foreclosed properties listed for sale on both the St Cloud and Minneapolis MLS systems.

http://StCloudEdina.com - If you want ultimate in Internet advertising for your home, use the REALTOR that knows how to utilize the Internet to sell homes.

Originally posted at http://StCloudEdina.com/blog on 10/06/2008:

So much is said about the real estate market and how it is in the tank. I thought it would be nice if everyone got to see Edina Realty's (and their parent company Home Services of America, Inc.) plan during this downturn in the real estate market.

http://twincities.bizjournals.com/twincities/stories/2008/10/06/story1.html?b=1223265600%5e1710589

It is nice to be a part of a company that is growing and strong when so many real estate companies around us are having such problems. We are the "Pac-Man" of the real estate industry; gobbling up the competition.

Jason Tangen - GRI, e-Pro - Real Estate Broker Associate with Edina Realty in St Cloud

http://StCloudEdina.com - Search homes for sale in St Cloud MN and surrounding areas.

http://StCloudEdina.com/blog - REAL ANSWERS for REAL ESTATE in St Cloud MN

Originally posted at www.StCloudEdina.com/blog on 10/05/2008:

I've noticed a slight increase in the number of active and foreclosed properties that are available on the St Cloud MLS. For the majority of the year, we have had approximately 330 foreclosed listings that are either active to purchase or are pending a sale. We now have just over 370 such listings on the St Cloud MLS.

Obviously this creates some problems. We need to continue to buy out the foreclosed properties at a pace that keeps up with the rate at which they are becoming available.

Now we get to see what our fearless leaders in Congress have actually accomplished with their new bailout bill.

Jason Tangen - GRI, e-Pro - Real Estate Broker Associate

Edina Realty in St Cloud MN

mailto:jason@stcloudedina.com