Lindsay Quady

Buffalo, MN Community Expo

March 24, 2012

9:00 AM – 1:00 PM

Buffalo Community Middle School

Local businesses displaying their products and food.

Experts sharing tips on gardening, landscaping, etc.

Karate, dance performance, fashion show and more.

For more information contact the Buffalo Chamber at 763-682-4902

Information courtesy of Buffalo Chamber of Commerce

To register as a vendor click here.

So you and your buyers are wandering through a new short-sale listing and the buyers want it!

Now what?

Hopefully most realtors are already taking these steps, if not it is a good reminder.

1. Ask the listing agent questions.

• How many mortgages are there against the property?
• Who are the banks that have the liens?
• What is the seller's hardship?
• When is the sheriff's sale?
• Has the short sale package been prepared?
• Are you negotiating the short sale or is it a professional negotiator?

2. Research the Listing Agent.

• Go onto your MLS and research the listing agent. How many transactions a year does this agent do? How many short sale listings has this agent had? How many short sales have they sold?
• If the agent is negotiating the short sale themselves, they better have some experience on both the list and sell side.

3. If the agent is inexperienced, use a negotiator.

• It isn't fair to your buyer to have an inexperienced listing agent negotiating a short sale.
• If the agent isn't experienced, make your offer subject to them using a professional negotiator. Ask other successful short sale agents in your area who they use.

I always think its important to remember the perks of being a realtor.

This holiday season reminded me of one more reason.

There is a home in my town that was on the market as a foreclosure for over a year. It was a very large 1920s built home with gorgeous woodwork and hard-to-find charm. Because it sat on the market for so long, it began to need repairs, but the potential was always there. Finally it sold for under $100,000, which was unthinkable given its potential.

About a month ago, I drove by the home and it was lit up with christmas lights on every tier. It was remarkable!

I noticed this with 2 other properties around town over Christmas. They had also been vacant for months and are now filled with families and lights! It is a very satisfying feeling, especially if you have an emotional attachment to a house. Sometimes houses need a little affection too!

We have noticed in our local area, inventory is very low!

Homes that are priced relatively decent seem to be flying off the shelves.

I have noticed this mostly with homes under the $300,000 range. Anything above $300,000 doesn't see the same movement.

This is a good sign for those sellers who are teetering on listing their home. I'm convinced if they listed their homes right now, they would sell quickly. Also, a huge number of the homes that are listed are short sales. Therefore, the number of traditional sellers are even fewer.

Also, let's hope this helps drive some prices back up.

Are you looking for a realtor to help you handle an estate?

We have experience in selling estates and all that is involved with it.

We know that it can be a difficult time, and often there are many parties involved. We are prepared to handle these situations, and can help you through the process.

Please give us a call. We are located out of the Edina Realty office in Buffalo, MN.

Cathy Quady
Lindsay Quady

The Quady Group
Edina Realty
763-614-3452

cathyquady@edinarealty.com
lindsayquady@edinarealty.com

www.thequadygroup.com

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