Archive for Real Estate Resources

Still Here.

Been extremely busy as of late with buyers doing their level best to take advantage of the First Time Homebuyer Tax Credit before it expires at the end of November.

That has me keeping listing agents selling short sales and foreclosures on task to get offers approved, and mortgage underwriters on schedule to get deals closed on time.

It’s a lot more work then it was just two years ago, and with prices so low, the commission at the end of the deal is about a 1/3rd of what it used to be as well.

I had taken some seminars on how to break into the REO business; listing dozens of foreclosed properties with only one or two corporate entities for clients…

But you know what, that’s not me. I’m a buyer’s agent, and a damn good one.

I’ll keep showing houses (by bicycle), I’ll continue to get buyers into their new homes, I’ll weather this out.

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Another Happy Buyer

Another recipient of funds from the Minneapolis Advantage Program.

Sweet house.

Great Rate.

$10,000 toward downpayment and closing costs.

Life Is Good.

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I HEART the Minneapolis Advantage Program

I’ve got a client who, rather then bringing money to cover her down payment and closing costs,  is being handed a sizable check at the the closing table along with the keys to her new house (which the buyer got at a very good price).

Make no mistake, it’s been a challenge. Between the bank who owns the property, the lender, the underwriter, the REO company, the inpector, the appraiser(s)….it’s been a protracted battle royale to get this deal done.

But worth it in the end.

For more information of the Minneapolis Advantage Program click HERE or give me a call.

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Another One…

3019 Grand St. NE

I’ve learn that there are no easy deals in this market.

But this one…..both the buyer and I worked tirelessly to bring this one to a successful end.

When considering purchasing a foreclosed home, the buyer needs to be ready for a three ring circus.

Is it worth it…OH, YEAH!

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Best Thing Since Sliced Bread

I had my routine down.

I used to sit in front of my computer with my lap full of active listings, calling in my appointments over the phone.

My practiced appointment spiel rolled off my tongue; name, agent i.d., company name, office phone number, property address, time and date of the request, along with whether it was a preview, or a first or second showing.

Along with all the appropriate pleasantries of course.

It was equal parts comforting and annoying.

Shortly thereafter, my phone would start ringing with conformations and lock-box codes.

Yesterday, for the first time, I just typed in MLS numbers, clicked a couple buttons, and within a few minutes my email in-box began to fill with all the necessary information to conduct a day’s showings for multiple properties and clients.

My daughter is delighted she never has to overhear my Realtor appointment spiel ever again.

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In Search Of……

I’m working with a number of different buyers right now.

Each with different criteria and pricepoints.

Trust that I’m getting to know the inventory in South Minneapolis (particularly in the $150,000 and under range), very, very well.

I’m averaging 20-40 showings a week. Mostly in the Powderhorn and Longfellow areas..

If you’ve had your eye on it, there’s a pretty good chance that I’ve been there.

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Getting It Done: A Happy, Happy Buyer

4057 20th Ave.

This one took a LOT of extra effort.

It didn’t need to be that way. It was one of the most qualified buyers buying the finest re-hab job I’ve seen in South Minneapolis. Even my meticulous inspector raved about this home.

Nope, it was lending and title that (needlessly) held this one up.

I understand how lenders and title companies are under a microscope and are therefore taking extra care to make certain everything is disclosed and above board.

But the hoops that the buyer (and the seller?) had to jump through to get this to the closing table was nothing short of onerous.

All’s well that ends well.

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