Monthly Real Estate Trends for Plymouth - 08/31/09 10:57 PM
Here is this months market report showing trends for the Plymouth area.
Trends show median sale prices continue to drop in Plymouth but at a much slower rate than many other local cities..  The vast majority of sales in this area are foreclosures which are impacting on this number.  Marketing times year to date have had a very small increase of just 14 additional days.  Total inventory is down 12% and closed sales are slightly lower.
These numbers show that sellers not needing to sell are removing their homes from the market and that the foreclosure inventory is being consumed by the first … (0 comments)

Monthly Real Estate Trends Maple Grove - 08/31/09 10:34 PM
Here is this months market report showing trends for the Maple Grove area.
Trends show median sale prices continue to drop.  However, the vast majority of sales in area are foreclosures which are impacting this number.  Marketing times year to date have had a very small increase of just two additional days.  Total inventory is down 14% and closed sales are slightly higher.
These numbers show that sellers not needing to sell are removing their homes from the market and that the foreclosure inventory is being consumed by the first time buyers in our market.

Fore more specific information on … (0 comments)

Getting In Gear! - 08/29/09 08:57 PM
TODAY WE ARE GOING TO LOOK AT GETTING MOTIVATED TO MOVE.  NOT BECAUSE IT IS A GREAT TIME IN THIS MARKET TO BUY AND SELL A HOME.  NOT BECAUSE AGENT AFTER AGENT IS TELLING YOU IT'S A GREAT TIME TO BUY A HOME.  NOT BECAUSE THE $8,000 TAX CREDIT MAKES AFFORDABILITY GREAT! 
NO- WE ARE ONLY GOING TO TALK ABOUT WHETHER OR NOT YOU CAN AFFORD TO MOVE.  IT'S REALLY THE NUMBER ONE REASON PEOPLE MAKE A MOVE IN THE FIRST PLACE.  IF YOUR BANK ACCOUNT SAYS "WE CAN AFFORD A MORTGAGE PAYMENT" THEN YOU SHOULD BE READY TO MOVE.  IF IT DOESN'T SAY … (0 comments)

Check Out Weekend Interest Rates for Weekend Starting 8/28/09 - 08/29/09 01:56 AM
Looking for a great deal on a new home?
Want to take andvantage of the $8,000 Tax Credit?
Want to purchase Foreclosed Homes or Short Sales DIRECT?
Want to move up to a larger home and don't know if it is poissible?
Contact us as soon as possible as the tax credit expires soon!

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Home Affordability Near Record Lows. It's a great time to Buy! - 08/21/09 03:42 PM
 Housing affordability has reached near record lows.  What does this mean?  This means properties are very affordable and it's a great time to buy.  Take advantage of the $8,000 tax credit and it means the first year of home ownership is incredibly low.  Call me now to take advantage of this market.
  

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Weekend Rates for 8/21-8/23/09 - 08/21/09 03:14 PM
See below for this weekends interest rates.  If your looking to take advantage of the $8,000 fedral first time buyer tax credit, it is important to get started as soon as possible.  Tax credit ends 11/30/09.  This means you will need to have found, purchased and closed your loan prior to this date.  Act now!

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Hot New Rambler in New Hope - 08/19/09 10:35 PM
Great New Hope Opportunity! 4613 Aquila Ave N., New Hope, MN 55428 View Map Classic 3-BR, 2BA Rambler convenient to schools and shopping. Newer mechanical's, hardwood floors under carpet on some of main level. Great 3-Season porch and patio overlook large private back yard. Large lower level family room with fireplace, large living room with bay window and much more. For a private showing, call Eric at 612-581-5375.
Details Asking Price: $144,900. Sq. Feet: 1,564 Lot Size: .25 Acres Bedrooms: 3 Bathrooms: 2 # of Floors: 2 Garage Size: 1 Subdivision: Del Heights Year Built: 1966 Property Amenities - Range/Oven
- Sink … (0 comments)

New credit protections for you! - 08/19/09 03:34 PM
Starting Thursday, when the first phase of the new Credit Card Accountability, Responsibility and Disclosure (CARD) Act goes into effect, credit card users will be armed with a new right to say no to -- that is, opt out of -- interest-rate increases and other changes in their credit card agreements.
What it means going forward-At least 45 days' warning of changes to their credit card accounts. Currently, only 15 days' notice is required unless customers default on their accounts, in which case interest-rate increases can go into effect immediately.
 At least 21 days to pay their monthly credit card statements … (0 comments)

Going, Going, Gone! $8,000 Tax Credit Expire's November 30th. - 08/19/09 01:35 PM
Unless Congress extends the 1st time home owner credit of $8000.00, all transaction MUST CLOSE BY November 30th to qualify!! Therefore to avoid time frame worries, I strongly suggest that if you or anyone you know is looking to purchase a home in the upcoming months, it is crucial to get started as soon as possible.
This is less than 3 months from now!!
WIth tightening property inventories, it is taking more time to find a home that can fit your needs at a price you may want.  Also, due to the tightening guidelines lenders have implemented and tighter appraisals, it may … (0 comments)

Has Your New Deck Gone Bad? - 08/18/09 05:25 PM
Does your home have one of those new composite decks with the lifetime warranty?  The one that was to be a green deck and save the trees?  Well, just like every other promise made by new technology, there are some catches and some trial and error.  The U.S. Consumer Products Safety Commission has placed a recall on several composite deck materials due to the material/decking be defective.  There have been instances of people getting cut or breaking knees, ankles, etc. due to falling through the decking material.  If you have a composite deck, you may want to check out this recall to … (0 comments)

Interst Rate Change vs. Waiting for Price Drop - 08/14/09 04:12 PM
I have already had a few of you e-mail me asking what I meant buy, "The purchasing power being diminished or having no effect if buyers are waiting for a price drop when interest rates are climbing".
Here is a simple example.
You are looking at properties and you find a home priced at $150,000.  The market has stable inventory but interest rates are on a gradual climb.  You feel that if you wait for a couple of months that you can find an equal home for less so you decide to wait thinking "I/We can time the market and get a … (2 comments)

Home Sales Increase/ Tax Credit Expires Soon!- Buyers Act Fast! - 08/14/09 02:09 PM
Have we hit a bottom?
Buyers who have been sitting on the fence waiting for interest rates to drop, home values to decrease or additional inventory to come to market due to lack of "The Perfect Home" may want to get some gas in their tanks and get motivated.  Inventories are continue to decline, prices in the $100K-$225K price range has stabilized and most important of all, the $8,000 tax credit expires 11/31/09.
What does this mean? 
If buyers continue to wait for prices to drop marginally, and rates even go up .50 percent, all value you would receive with the … (2 comments)

 
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Eric Helmers- Your Trusted Real Estate Source

Maple Grove, MN

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Keller Williams Classic Realty N.W.

Address: Maple Grove, MN, 55311

Cell Phone: (612) 581-5375

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