Day 1 for me of the EXIT Realty Convention stated Tuesday October 14th. I arrived in Nashville, registered for convention found my wonderful room and began to get ready for Broker Fun Night.
Broker Fun Night, was held at The Wildhorse Saloon which was yes, you guessed it a HUGE Country Bar, 3 floors that all over looked a large stage and a HUGE dance floor. In true EXIT style Steve Morris and the EXIT family spared no expense. There was the dinner buffet line and then there was the appetizer line. I would imagine that the appetizers would have been more then substantial enough for most everyone yet I am sure EXIT desired to not fall short of anyone’s expectations.
They brought in LoCash Cowboys who rocked the roof off of the place. Before they started to play it was a bit of a slow go. They came on stage and the floor filled, the energy was soaring and the EXIT party life hit the floor. Man that Jody Keats sure can dance and looks great in a cowboy hat.
Part of the EXIT Realty Convention experience is the beauty of the hotel the EXIT Realty Convention is held at. The interior of the Gaylord Opryland Resort is stunning. It in some ways reminds me of the Venetian in Las Vegas, NV yet with the rooms wrapped all around all the interior scenery, and all though it seems to be hosting several conventions and there seems to never be a shortage of people wondering about there still is this calming peaceful aura throughout the hotel. Then you take the previous and invite EXIT to come under your roof with their banners, flair, energy and excitement and you have a cocktail for an experience that impacts you in a manner that can only be truly understood if you were here.
Enjoy the pictures and the day by day blogs that will share with you a glimps of what this experince is like.
As I sit on my comfy bed, with laptop in front of me, occasionally pausing a moment or two to gaze out my window to appreciate the beautiful views I have of the atrium of the Gaylord Opryland Resort. I am in Nashville, TN for the 10th annual EXIT Convention. I look forward to share with you my experience.
Part of the EXIT Realty Convention experience is the beauty of the hotel the EXIT Realty Convention is held at. The interior of the Gaylord Opryland Resort is stunning. It in some ways reminds me of the Venetian in Las Vegas, NV yet with the rooms wrapped all around all the interior scenery, and all though it seems to be hosting several conventions and there seems to never be a shortage of people wondering about there still is this calming peaceful aura throughout the hotel. Then you take the previous and invite EXIT to come under your roof with their banners, flair, energy and excitement and you have a cocktail for an experience that impacts you in a manner that can only be truly understood if you were here.
Enjoy the pictures and the day by day blogs that will share with you a glimps of what this experince is like.
The foreclosures in the Twin Cities metro area of Minnesota, are having a profound impact on our local real estate market. Foreclosures are a force to be recon with and are not going away any time soon.
This report examines Lender Mediated Listings in comparison Traditional listings. Lender-Mediated refers to the transaction that the lender or bank has a decision making voice such as a foreclosure, REO or short sales. With respect to your time I will not review the entire second quarter report however I will give you the highlights. You can request the complete report which covers break downs on Minnesota real estate price points and the real estate market for the individual cities across the Twin Cities metro area, by going to our website www.MinnesotaMetroHomes.com According to the published MAAR report in the second quarter we had a total of 33,121 properties offered for sale in the Minnesota metro
real estate market. Out of those Minnesota home listings 7,171 are Lender-Mediated properties and 25,950 of them are considered traditional listings. This means the Twin Cities area of Minnesota had 21.7% of the homes on the market during the second quarter were Lender-Mediated. Single family homes were leading with 23.5% lender-mediated, while townhomes & twinhomes were at 20.35% and condos are the lowest Lender-Mediated properties at 10.8%.
The Minnesota foreclosure report also indicates the Lender-Mediated share of New Listings is 24.3% and of closed home sales it represents 25.8%. These numbers are up roughly a 300% increase from last yr. and over a 500% increase from 2006.
What does this mean to you, home buyers and sellers of Minnesota? As a buyer this means 1 out of 3 to 4 homes you view will be foreclosures or short sales. It also means the odds are incredibly high that the home you purchase will be a lender-mediated property. Due to the complexity and sheer value of foreclosed transactions it is even more imperative now then ever before that you are educating yourself and hire an agent that is fluent in the foreclosure process and will make sure your interests are protected.
To those traditional sellers out there, this means you need to be paying attention to the SOLD homes in your neighborhood. The oldest data you should be paying attention to is 3 months back and no farther then 1 mile from your home. You need to be better then the best of the best and priced either with them or below them if you are desiring a relatively quick sale or an offer that is respectful to your bottom line. Condition and pricing of your home are crucial.
My closing thoughts to you are these... This is a market of opportunity. You owe it to your self and your future to be educated... knowledge is power. Happy hunting and good luck to you.
Current Minnesota Real Estate Market Stats
Foreclosure Bus Tours
First Time Home Buyer Seminar
Economic Recovery and Real Estate
The state of our economy and the real estate market has historically gone hand in hand. We hear softly in the wind the whispers of recession. With expert economists and Realtors projecting some markets throughout the country may fall an additional 15 to 20%. Which could push for a deeper whisper. 
Yet, wait there maybe some good news. While no one can dispute the real estate down turn and the impact it has had on the country there have been additional powers that have also caused economic ciaos and are just as critical to our recovery. We have seen the sharpest correction in the oil and commodities markets in years. If we can decrease the fuel impact on our agricultural products and our cost at the pump, we would be putting money back into the pocket books of Americans. This would allow more money for consumers to apply to their mortgage and decrease the heighten levels of stress most Americans are experiencing.
Real estate is not the only force affecting our economy. While selling may not be ideal for some sellers, the opportunities for buyers are amazing. While I do not hold a crystal ball to what the future holds for my beloved real estate market, I can say with confidence that those investing in this real estate market should be doing it wisely, with the assistance of a creditable Realtor and mortgage 
professional. Interest rates are still very low while housing affordability is the best it has been in decades.
My advice… Sit down with your personal finances and assess how you can invest in this market. Educate yourself on your options, your limitations, and your opportunities. If you have credit issues start working on them and start saving money to assist you when it comes time to purchase that American dream or those investment properties.
FREE Home Search, Minnesota Foreclosure Bus Tour, Mortgage Professional, A Career in Real Estate
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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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