Kathleen Lordbock of Keller Williams Realty Brainerd Lakes has earned the prestigious Certified Distressed Property Expert (CDPE) designation, having completed extensive training in foreclosure avoidance and short sales. This is invaluable expertise to offer at a time when the area is ravaged by “distressed” homes in the foreclosure process.
Short sales allow the cash-strapped seller to repay the mortgage at the price that the home sells for, even though it is lower than what is owed on the property. With plummeting property values, this … (3 comments)
avoid foreclosure in central minnesota: NAR video on the state of home sales for 2011
- 03/28/11 03:52 AM
This video is directly from Laurence Yun from the National Association of Realtors. Things are continuing to change in our real estate markets with some drastic changes being very localized. The cost of new construction is now much higher that purchasing an already built home- which we see playing out in the Brainerd Lakes area of Minnesota and construction of new homes therefore slowing to a crawl. People are entering the market to pick up properties at low prices. Cash transactions seem to be much higher than normal- suggesting that there are investors rushing in with all cash or first time … (0 comments)
avoid foreclosure in central minnesota: Should You Shop On Your Own or Have a Personal Shopper?
- 03/03/11 03:03 AM
Real Estate websites such as: Trulia.com, Zillow.com, and REALTOR.com, are fun to explore sites with a wealth of information at your fingertips but it may not necessarily be accurate and is certainly not timely. When the prospective homebuyer searches those sites, the information they are viewing on the site has a time lag from postings and changes in our Multiple Listing Services (MLS) The information that you are able to access is just general in nature and any important documentation such as disclosures are not available. A home with a leaky roof and interior damage may not seem like … (5 comments)
avoid foreclosure in central minnesota: Interest Rates for February 24, 2011
- 02/24/11 03:31 PM
If you are in the market for a home, then the interest rates are going to be very interesting. If not buying, then selling- they will still be important- because the interested parties for your home sale are probably going to be financing some or all of the purchase.
Well I have good news for you either way- the rates are still very favorable. What are you waiting for?
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