‘Foreclosure Tours’ - What is a ‘Foreclosure Bus Tour’?
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‘Foreclosure tours’ or ‘Foreclosure bus tours’ are sweeping across the nation. ‘Foreclosure tours’ have been featured in news stories on CNN, FOX, MSNBC, and many more. ‘Foreclosure bus tours’ have also hit the pages of places like the Wall Street Journal and internet blogs. You may have seen these stories. ‘Foreclosure tours’ are usually lead by licensed Realtors or loan officers. Typically the goal is to introduce themselves, provide a unique experience to you and hopefully assist you in purchasing a home and rebuilding the communities plagued by foreclosures. To the best of my knowledge, I have not heard any of these ‘foreclosure bus tours’ pressuring any of their attendees rather the opposite. The spirit of most ‘foreclosure tours’ is one of laughter and fun all the while providing education.
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‘Foreclosure bus tours’ can run as short as 3 to 4 hours and we have seen some advertisements for an entire day event (5 to 6 hours). A ‘foreclosure tour’ could have anywhere from 10 to 16 attendees to as many as a large Coach luxury bus. The number of homes you may view can range from 7 to 15. The featured foreclosed home price range can be from 5k to above a million dollars. Some ‘foreclosure tours’ are free of charge while others range in price from $19.00 to $29.00. We have heard of some accounts in CA where they charge $49.00 to each attendee. Each ‘foreclosure bus tour’ like the real estate professionals running them, have a different flare and personality. |
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Often times there is a team of real estate professionals on the ‘foreclosure tour’. These professionals range from Realtors, home inspectors, loan officers, carpenters and more. The goal is to have these professionals on the bus tour so you can ask questions and again, be educated along the way.
The most common feedback that is given by tour attendees is that they found the ‘foreclosure bus tour’ to be enjoyable, educational, a lot of fun and an eye opener.
If you have an questions about attending a foreclosure tour please feel free to contact me directly or post a your questions
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Building a Stronger Real Estate Community – Knowledge Café in Woodbury, MN
Join us for this high energy, power packed event that gets you involved and engaged. Kimberly Koehler acts as the facilitator, while participants are orginized into several small groups and are engaged in an energizing discussion that will bring about outstanding ideas that you can use and implement into your business today!
We often refer to the Knowledge Cafe as a Round Table Discussion on steroids. Unlike the Round Table Discussions where there is 1 'leader' or 'expert' at each table, at Knowledge Cafe's each person at the table is an expert. As a small group, collectivity the table develops an idea that can be incorporated into your business TODAY and is shared with the larger group at the end.
This is an outstanding opportunity to get your creative juices flowing, network with fellow real estate professionals, and learn an immeasurable amount of knowledge from one another.
Wildwood Lodge - 10:00 - 12:00
Woodbury, 94 & Radio Dr
(lunch around 11:30)
RSVP Your Attendance
With foreclosures dominating the Minnesota housing market I am asked often about 'fixer uppers'. Our real estate market opens the door to amazing opportunities for home buyers in Minnesota. When buying a home you should be informed and confident in your decision.
If you are considering a 'fixer upper' you should take extra care to ask and find the answers to these key questions prior to making an offer on the home.
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If your answer to #1, is someone other then yourself then I would encourage you to be sure they will be assisting you. Far to many home buyers have been under the impression that family or friends will be helping them in fixing up their home to only be disappointed when they are unable to. This can be very costly and could force you to hire someone to do the work which may not have been in the original plan.
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Useful Tools:
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Market Reports: |
Take the worry out of buying a home in Minnesota
| In today’s real estate market many Minnesota home buyers face overwhelming odds that the home they fall in love with will be a foreclosure. Some Minnesota home buyers are choosing to wait to purchase a home with hopes to avoid having to deal with foreclosures in Minnesota. This just might be a costly mistake and before making that decision let me share with you some tools that may bring you to easy, allowing you to take advantage of the Minnesota housing market and rock bottom interest rates. |
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The Advantages of HWA Warranties:
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Additional Precautions You Should Take
Hire a Minnesota Realtor that specializes in representing buyers of Minnesota foreclosures, REO or bank owned properties
Attend home buying seminars/workshops that focus on educating buyers of not only the process of buying a home but how the current Minnesota real estate market conditions effect your choices as a buyer
Become familiar with special addendums the seller (the bank) may require you to sign after they already accepted your offer
Find out what your realistic move in time is after closing on the home
Request that all utilities and mechanicals are working prior to your home inspection and continue to work through your closing
Get a professional home inspection
Understand that all though at the time of the purchase agreement there may be appliances in the home many sellers of the foreclosures in Minnesota do not guarantee these appliances in their purchase agreement
Be prepared for some hick ups along the way
It is understood that buying a home is stressful and comes with some risks. The better prepared and educated you are on the Minnesota real estate market and the effects foreclosed properties have on your purchase you can devise a plan that is right for you.
It is our commitment to providing you with a road map for success that you can personalize to your unique and individual situation. Join us Jan 27th for a FREE, NO OBLIGATION, educational buyers seminar to your learning today. Knowledge is Power!
What Will You Learn?
What Will You Walk Away With?
Knowledge is Power - Register Today!
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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
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