New AND Improved
Congress has voted to extend and expand the Home Buyer Tax Credit!
Click on the Pile O' Money for more info!
The House voted last night and the Senate voted this afternoon to pass an expansion and extension of the popular First Time Home Buyer $8000 Tax Credit
Download a .pdf file with the details
Updated Status: First Time Home Buyer $8000 Tax Credit from the Minnesota Association of Realtors
What's the scoop on the $8000 Federal First Time Home Buyer Tax Credit?
Chris Galler of the Minnesota Association of Realtors breaks it down and explains the changes that we should be seeing soon. Give me a call at 763-548-1418 so we can get you ready to catch the 2nd wave!
Minneapolis St Paul Area Housing Report
for October 2009 from the Monthly Skinny
Looking for the latest information on the Minneapolis Saint Paul Twin Cities Real Estate Market? Well check out "The Monthly Skinny" video report from the Minneapolis Area Association of Realtors. This information in the video is based on homes for sale and recent home sales in the local Twin Cities market and is a great way to keep up with the rapid changes in our market!
Don't forget, if you want to try to take advantage of the federal tax credit for first time home buyers, you need to be CLOSED by November 30th.
The number of short sales and foreclosures available for sale in the Twin Cities Metro area is dropping off dramatically. This chart really shows the drmatic drop starting around January of this year.
Get your FREE foreclosure & short sale report here.
The supply of lender owned properties in the Minneapolis Saint Paul area is dwindling. For each buyer that is looking to purchase a bank-owned property, there are only 1.84 homes (on average) to choose from. Meanwhile, there are plenty of short sales available. This may be due to common problems associated with getting short sales approved, the time involved, and the difficulty in actually closing them.
The 10 areas with the highest percentage of bank owned sales: Brooklyn Center (58.4%), St. Paul: Central (55.0%), Big Lake Township (52.3%), Minneapolis: North (52.2%), Hilltop/Columbia Heights (48.9%), St. Paul: Hillcrest/Hazel Park/Dayton's Bluff (48.1%), St. Paul: Phalen (47.8%), Minneapolis: Camden (47.8%), Minneapolis: Powderhorn (47.7%), and Brooklyn Park (47.3%). Lender mediates sales were a large part of the overall real estate market in these areas. Click on the chart for a full report and to see where your community ranks. Data and Charts provided by the Minneapolis Area Association of Realtors. Select the image below to send to your friends and family:
For your free Minneapolis / St Paul Twin Cities Foreclosure and Short Sale Report on Homes for Sale and the most recent quarter Real Estate Housing Market Activity Report, just click on the chart above. Data provided by the Minneapolis Area Association of REALTORS®, Inc. Sponsored by Royal Credit Union www.rcu.org The over supply of houses for sale is starting to ease. The number of homes on the market for each buyer is down to 4.88 which is great news, but does this mean everyone is going to benefit across the board?
Well, no. Actually, the supply of homes currently listed for sale in the upper price ranges continues to increase while the supply of homes in the lower price ranges has fallen.
This is due to a several factors: the first time home buyer tax credit has encouraged people to buy their first starter homes and investors have been purchasing foreclosures (buying low so they can sell high later on). At the same time, there have been layoffs and pay cuts that affect the ability of many home buyers to purchase the higher-end homes and many would-be move-up buyers have decided to wait it out and make do with what they have.
The Twin Cities real estate market is changing each and every day... Check my blog often to get the latest information or contact me if you have questions about YOUR neighborhood.
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Specializing in Lender Mediated Sales (foreclosures/short sales). Making YOU the most informed buyer or seller in your area. Residential, Hobby Farm, Lakefront, Raw Land, Agricultural, or Commercial.
In these trying times, I am helping both Buyers and Sellers by specialzing in the somewhat confusing and often challenging realm of Lender Mediated Sales. I know my way around short sales, foreclosures, and bank owned REO properties because I perform professional services such as Broker Price Opinions (BPOs) for lenders, corporations, and banks in the Minneapolis and Saint Paul metro area.
As an REO Agent, I also represent Asset Management Firms and Lenders who assigned their foreclosures and corporate properties in advance so I have access to a huge number of homes that are not quite ready for the public market for a variety of reasons that are associated with the foreclosure process. In other words, I know about foreclosures that are coming on the market before they are actually listed on the MLS!
When you have questions about any property, I encourage you to email or call me to better qualify those properties for you, even if the property is not currently listed for sale, but is clearly vacant. About 50% of today's sales involve a lender mediated situation and that's what I am specializing in!
Looking for a preferred real estate professional specializing in helping people move into their new neighborhood? If you are thinking of buying or selling real estate anywhere in the United States we can help you find a preferred REALTORTM in your area. Information you provide us on this site will be sent to the EXIT Realty Executives Relocation Services of America. Upon receiving your information, we will have a trusted professional REALTORTM in your preferred area contact you immediately. Our preferred real estate agents are professionally trained and you can expect a superior level of service above and beyond the typical relocation experience. NO DOWN RENOVATION LOAN PROGRAM FOR RE-HABS & REO'S BANK OWNED PROPERTIES FOR SALE
Our range of services include: Single Family Homes, Townhomes, Condominiums, Hobby Farms, Land, Investment Properties, Lakeshore, and Recreational / Hunting Land. Our Buyers have commented on our Stress Free/User Friendly Search tools when it comes to Finding Dream Homes. Those seeking new construction options, visit our preferred builder.
Buy Low / Sell High: Now is the Time To Buy! Most people developing personal wealth utilize a professional manager or stock broker. Is the Real Estate person you know a Strategic Real Estate Investment Professional? America's biggest and greatest assets evolves around your personal real estate acquisitions. You owe yourself the right to be aligned with entrusted professionals utilizing creative wealth building strategies. My mission is simple: We want to accelerate your personal wealth through proven systems, management and implementation strategies we have developed over the years.
Specialization We specialize in facilitating transactions for both Buyers and Sellers which include townhouses, condominiums and single-family residential homes (new construction and resale), land and hobby farms as well as lake shore properties. Let us help you manage and grow your real estate wealth and portfolio.
DAILY MORTGAGE MARKET UPDATE LINK
RELOCATING TO A NEW CITY IN THE USA?
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You've no doubt heard that real estate is all about "location, location, location" and its true! While some real estate agents rely on outdated methods or gimmicks, I enhance your negotiating position by incorporating the latest Geographic Analysis and Geographic Information technologies. My technical approach to the North Metro's real estate market correctly prices your home, investment property, or business and pinpoints the quite cul-de-sac, investment property, or business opportunity that you seek. I am determined to make you the best informed home buyer or seller in your neighborhood - because when it comes to real estate, knowledge is power - and it saves you money! To provide local expertise, I focus my attention on the Twin Cities Metro area for business/investment clients and on the Northern Metro Suburbs of the Twin Cities for residential clients in Minnesota including: Blaine, Lino Lakes, Coon Rapids, Andover, Ham Lake, Columbus Township, Linwood Township, Lexington/Circle Pines, Champlin, Anoka, Ramsey, Elk River, Otsego, Monticello, Big Lake, Becker, Burns Township, Maple Lake, Rogers, Dayton, Albertville, St. Michael, Fridley, Spring Lake Park, Arden Hills, Shoreview, New Brighton, Mounds View, Maple Grove, Osseo, Forest Lake, Centerville, Scandia, St. Francis, Oak Grove, Columbus Township, and East Bethel.
Specialties Professional Experience Degrees Real Estate Industry Affiliations My geographic and technical skills give me an edge in the Twin Cities real estate market: My technical nature makes her very detail oriented: My Team and I at EXIT Realty Executives:
Strategic Real Estate Expert offering professional services for home buyers, sellers and investors in the North Metro Minneapolis and Saint Paul Twin Cities area.
Patti Ann Kasper, Your Minnesota, North Metro Twin Cities, and Blaine MN Real Estate Expert! Associates of Science Degree in Geographic Information Systems and Cartography from Anoka Ramsey Community College in Coon Rapids, Minnesota. Geographic Information Systems and Cartography Industry Affiliations Real Estate Industry Affiliations National Association of Realtors
Servicing Homes For Sale in the following: Zip codes service areas include:
Geospatial Information & Technology Association (GITA)
Minnesota Geographic Information Systems/Land Information Systems (Mn. GIS/LIS) Consortium
Cartography and Geographic Information Society (CaGIS)
Minnesota Association of Realtors
North Metro Realtors Association
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Licensed in Minnesota
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