foreclosures: Hopeful Signs for Stillwater River Front Homes
- 06/15/11 05:06 AM
If you are selling or plan to sell your river front home in Stillwater, MN, you know that there’s been plenty of bad news in the housing industry to go around for the past few years. And although we’re not ready to jump up and down and declare the beginning of a huge upswing, it’s good to note the hopeful signs on the housing market horizon. There were fewer home sales closed in Minnesota in May 2011 than one year ago (down by nearly 17%). However, the number of pending sales was up 13.2%, and the number of new listings was … (0 comments)
foreclosures: Present your Woodbury Home for Sale in the Best Light
- 06/13/11 04:39 AM
If you’re in the process of selling your Woodbury, MN home, you know that you need every advantage on your side. With many foreclosed houses on the market competing with yours for showings and interest, it’s never been more important to make your house stand out from the crowd. There’s very good advice in this article regarding presenting your home to buyers. These days “web appeal” is nearly more important than “curb appeal”, as almost all buyers are checking out homes online before setting up a showing. And web appeal means good photography of your home. Sure, you could take some … (0 comments)
foreclosures: Buyers are Looking for Value in Center City Homes
- 06/10/11 03:04 AM
Regardless of which source you read, the news for those selling homes in Center City, Minnesota is not encouraging. Overall prices are down, foreclosures for sale still compete with standard sales in drawing buyers, and there is no immediate market improvement on the horizon. Savvy sellers must pay attention to the things that buyers in this market care most about. Jake Duffy shares some good insights here regarding what buyers are demanding in today’s market: Compact but CoolThe depressed economy has changed the priorities of many buyers; for energy and maintenance reasons, far more are looking for smaller homes rather than … (0 comments)
foreclosures: Time to Buy Foreclosures Low in Minneapolis?
- 06/03/11 04:19 AM
For those looking at foreclosures in Minneapolis, MN, the waters may seem a little murky. Understandably, the fact that home prices have dropped into double-dip territory has some questioning whether real estate is even a good investment. Linda Stern is a personal finance journalist. She believes that there is nothing so unique about the current state of the real estate market that would change the maxim of “Buy low, sell high”. According to Linda in this article: …if you’re thinking of flipping a condo for a quick profit, fuhgetaboudit. If you’re planning to relocate within five years, buying could be riskier … (0 comments)
foreclosures: Bank Owned Homes in Maple Grove - A Bigger Slice of the Pie
- 05/31/11 03:27 AM
Looking for a home in Maple Grove? Chances are you've looked at numerous bank owned homes. Nationwide, bank owned homes made up 28% of all sales in the first quarter of 2011, which is up 1% from the last quarter of 2010, but down 1% from a year ago. At the same time, the Minnesota Association of Realtors reported this month that total inventory of homes was down 24.4% statewide compared to last year at this time. The hope is that this trend will result in the stabilization of the market, and a rise in home prices overall. Sellers are collectively … (0 comments)
foreclosures: The Challenges of Buying a Foreclosure in Blaine, MN
- 05/24/11 11:25 AM
Almost everyone who’s currently looking at homes for sale in Blaine, Minnesota has considered a foreclosure as a possibility. They’re numerous, the prices are tantalizing, and they indeed present buyers with a unique opportunity for home ownership. But foreclosures also come with unique challenges that need to be carefully considered. In this article, the author points out the extra time (often quite a bit of extra time) involved in acquiring a foreclosure: After the bank accepted their offer, the Herberts were told the bank didn’t actually own the property and therefore couldn’t sell the house. “We had sold our stock and … (0 comments)
foreclosures: Foreclosures in Woodbury MN Not Slowing Down Anytime Soon
- 05/12/11 06:30 PM
If you're thinking of buying a foreclosure in Woodbury, MN or surrounding areas, it seems you'll have your pick for a while. According to a an insightful article on CNBC about foreclosure delays across the nation, while the rate of foreclosures is the lowest it's been in over 3.5 years, that's probably only because the banks have been slow in bringing all owners in default through the actual foreclosure process. Diana Olick of CNBC even interviewed the CEO of RealtyTrac, a company that closely monitors foreclosures throughout the nation, and he said it might take some loans 3-4 years to move … (2 comments)
If you are selling or plan to sell your river front home in Stillwater, MN, you know that there’s been plenty of bad news in the housing industry to go around for the past few years. And although we’re not ready to jump up and down and declare the beginning of a huge upswing, it’s good to note the hopeful signs on the housing market horizon.
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