First Time Home Buyer Tax Extension has PASSED!
|
With the passing of the First time home buyer tax extension and the expansions Minnesota home buyers and sellers enter into some exciting times in real estate. The real estate market in Minnesota for first time home buyers has been tightening. The housing supply in Minnesota's Twin Cities area has shrunk to as little as 7.69 homes on the market for every buyer. This is a decrease of 29.3% from how many homes were available to Twin Cities buyers last year. We specialize in working with First Time Home Buyers in Minnesota's Twin Cities metro area and have seen the demand of first time home buyers increase as the deadline of Nov. 30th has fast approached. The passing of the |
 |
With the passing of the expansions of the bill allows Twin Cities home owners who have lived in their home 5 years out of the past 8 years a $6,500 tax credit. This is HUGE opportunity for traditional home sellers in the Twin Cities who may have wanted to sell however felt they couldn't due to the conditions in the Minnesota housing market. We have buyers that desire to buy these homes as the inventory has gotten very low. So my advice to anyone looking to sell their Minnesota home is... NOW IS THE TIME!
This creates a much healthier move back to more traditional sales where you have a buyer that is purchasing from a private party home owner vs a corporation. Which that alone is a very good thing. The benefits of the passing of the first time home buyer extension and expansions are yet to fully be seeing however it most definitely is a positive move towards a stronger, healthier Twin Cities, housing market.
The difference of the effects of the old first time home buyer credit vs the new one is that the old bill assisted only one segment of the Minnesota home buying market. The majority of that segment, first time home buyers were using the tax credit to purchase foreclosed properties in Minnesota's Twin Cities area. Seeing those purchases were from banks it did not create another pool of buyers. With the passing of the extension of the first time home buyer bill and extending it to another segment of the Minnesota housing market you will now create two segments in the market.
Helful Links:
Tax Credit Explained - Simple to Follow!
MAAR's Monthly Skinny
|
The real estate market in Minnesota is continueing to see positive movement. As you will see here in MAAR's Monthly Skinny were MAAR's CEO, Mark Allen recaps the performance of the Twin Cities real estate market.
Here are a few of the video's key points for Minnesota's Real Estate Market in the Twin Cities Metro Area for the month of July of 2009.
Find out what your city's real estate market trends are |
Helpful Links: |
Around Town: Uptown Art Fair, Uptown, MN
|
Minneapolis's eclectic Uptown area is always a happen'n place however only once a year it plays host to it's highly antisipated Uptown Art Fair. This year the Uptown Art Fair was August 7-9th and despite the rainy weather once again the Uptown Art Fair was a success.
Some of the Vendars:
|
|
MN Real Estate Market Minute
|
The real estate market in Minnesota is seeing a consistent rise and positive signs of a healthier real estate market. The Twin Cities real estate market shows no signs of slowing down its positive rise.
Here are the current points for the Minnesota Real Estate Market in the Twin Cities Metro Area for the week ending March 28, 2009.
With the $8,000 federal tax credit for first-time home buyers and mortgage rates at historic lows, it's not surprising to see these positive gains in our local Minnesota real estate market.
|
Helpful Links: |
Our home buyer workshops are designed to prepare you for the buying process in the current real estate market. With how life changing the purchase of a home is, you owe it to yourself, your future, to take the time and educate yourself on the process.
We truly believe, KNOWLEDGE IS POWER!
|
We will:
|
 |
We are committed to empowering you to make confident, educated, real estate decisions. Join us for this no obligation, FREE, and educational Webinar!
Don't be left in the dark, join us online!
Register Here
Keywords: First Time Home Buyer Seminars, MN First Time Home Buyer Seminars, Real Estate, Woodbury, Oakdale, St. Paul, Minneapolis, Edina, Richfield, St. Louis Park, Bloomington, Stillwater, MN REO Homes, Foreclosures in MN
 |
|
|
My energy is fueled by my passion for real estate and the ability I have to positively change my clients and agents lives forever.
Kimberly Koehler, broker and owner of EXIT Three Rivers Realty, has been in real estate for nearly a decade. Kimberly brings to the table the knowledge and understanding that only experience can provide. Her endless energy is fueled by her passion for real estate and the ability to positively change her clients and agents lives forever. Kimberly focuses on providing top drawer training to her agents in order to ensure superior customer service. She is also an advocate of brokerage to brokerage relations as her philosophy is "team work fuels success".
When Kimberly, is not giving her time to her career you may find her relaxing at her home in Lakeland, playing on several tennis teams, traveling or sharing an animated story with friends and family. Kimberly is very passionate about volunteering her time with organizations that fight cancer, various homeless shelters and volunteer organizations. Kimberly is a graduate of the Real Estate MBA program from the University of St. Thomas.
I am writing this letter to give my strongest recommendation that anyone selling or purchasing a home utilize the realty services of Kimberly Koehler.
In August 2006, my company transferred me from Miami, FL to Egan, MN. We had three months to sell our home, purchase a new home, and move the family. On the sale of our home, the relocation company assigned us to work with one of south Florida's most well know and highly respected Realtors. On the purchase of our new home, we had the incredible fortune of finding Kimberly Koehler through a search my wife conducted on the Internet.
On short notice, we scheduled a trip to Minnesota and coordinated a time with Kim to view some homes. My wife had provided a general description of what we were looking for in a home. When we arrived in Minnesota a day later, Kim had arranged appointments for us to view a dozen homes over two days. She was kind enough to drive us in her SUV because we were unfamiliar with the area. While we were transferring my daughter's car seat into her car, I noticed bottles of water in each of our cup holders, and a juice and some snacks next to our daughter's space. She then provide each of us with folders and clipboards that contained information packets on each of the houses we would be viewing, complete with space for note taking on each.
We were delighted to see that Kim's selection of homes was exactly in line with the style and pricing my wife had described. She also had an outstanding knowledge of all of the neighborhoods we visited, and the benefits and drawbacks of each. On top of it all, she was just an incredibly pleasant person to spend your day with, which made all of the difference in the world to a stressed and tired family.
We had decided to make an offer on one of the homes. Kim insisted that we view the home for a second time before making an offer. The second viewing reaffirmed our decision. Kim then guided us through the offer process and subsequent negotiations. Her expert knowledge of the market conditions ensured an offer that was taken seriously, while minimizing the price we would be paying for the home. By the time we got back to Florida, we had an accepted offer that we were extremely happy with and we received a delivery of flowers with a teddy bear for our daughter that Kim had sent.
From the moment my wife contacted her until the closing, Kim was there for us virtually twenty four hours a day. On numerous occasions, we emailed her in the middle of the night and received immediate responses. Her efforts were tireless and her professionalism was second to none. Comparing her to the highly respected Realtor who sold our home in Florida is like comparing a player on the Minnesota Wild to a local high school player.
On the day we closed, we were doing the pre-closing walk through. When we got to the back deck, my wife saw that the sellers had left behind the tulips that she loved so much the first time we saw the house. She said, "Kim, I can't believe they left those flowers. I love those." Kim explained that she remembered my wife saying how much she liked them the, so she insisted as part of the deal that the sellers leave them for us to enjoy.
Kimberly Koehler provided us with what was probably the finest customer service experience that either my wife or I had ever received. I am proud to recommend her services.
Sincerely,
Kevin Mead
<!-- Start of StatCounter Code --><!-- End of StatCounter Code -->
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved
