brainerd lakes short sales: Give It Away- Not Me! - 04/19/13 06:12 AM
I don't want to give my home away is an oft repeated phrase as I discuss with prospective home sellers the current estimated market potential of their home.
They sometimes follow that phrase up with-" well, we will just hold on to it then" or "we will rent it out".

Sometimes sellers can lose track of why they wanted to sell in the first place.
  Waiting for a year isn't necessarily going to solve their problem and perhaps there is not really a problem, but a want. 
 I always like to ask them what will change in a year? Do we know … (0 comments)

brainerd lakes short sales: Brainerd Lakes Real Estate Update for November 2011 - 11/26/11 12:31 PM
      If everyone had the ability to sell their existing home or the financial resources to make the purchases, there are many great homes on the market at exceptional prices in the Brainerd Lakes area of Minnesota.  For every home that sells in the Brainerd Lakes area of Minnesota, 15 properties remain on the market. The median sales price of a home in the Brainerd Lakes area dropped 9 percent and is now at $154,425 according to the Greater Lakes Association of Realtors. The Brainerd housing market is lagging behind the Minneapolis-St. Paul-Bloomington market, which was recently ranked the top … (0 comments)

brainerd lakes short sales: Advice for Sellers: The One Question You Must Ask Your REALTOR® - 10/22/11 03:37 AM
Great blog- What will it sell for, not how much do I want or even how much do I need. Overpricing the property from the start even with subsequent price reductions later has been statistically proven to net you a lower price in the end. If you are aware that it will sell for less than you owe , then a short sale will need to be considered or not selling if that is a possiblity.
You will initially get some showings and those buyers will move on to purchase other homes that are priced at or under the market. Other … (5 comments)

brainerd lakes short sales: My Role in the Offer is an ADVISOR - 10/15/11 11:28 AM
I like how Paula addresses this issue.  We as real estate agents work in the capacity of advisors or consultants. While we can give our buyers information and share all that we know about comparable solds, we are not the ones to set the offer price. If the buyers want to make a low ball offer that makes our hair stand up- we can refuse to do so and let them move on to another agent or we can go ahead and make it, hoping it will be accepted, countered or flat out rejected.  In that way, they hopefully learn a … (2 comments)

brainerd lakes short sales: The Uncertainty in Housing - 10/13/11 04:50 AM
Lawmakers, housing industry leaders, and policy strategists explore solutions on REALTOR® TV to our current housing market problems. Senator Johnny Isakson states that he feels the correction will take seven to ten years. Ron Phipps, National Association of Realtors President declares that the objective in the cure should "do not harm" and that in time the problem will resolve itself. No new appraisal re-financings and other creative ideas are presented. … (2 comments)

brainerd lakes short sales: What is HAFA? - 10/05/11 05:32 PM
HAFA is another one of those terms thrown about in Short Sale discussions and pronounced Hoffa or Halfa. It has not been the most successful of the Short Sale program attempts but is far more successful than the loan modification programs. No matter how you choose to pronounce it, the letters stand for Home Affordable Foreclosure Alternative. HAFA sets a structured time frame for the Short Sale process but does not always hit their own goals. None the less, the financial incentive to homeowner's is a powerful carrot to dangle as the journey is long and stressful to a successful closing. … (1 comments)

brainerd lakes short sales: Get Pre-Qualified and then we go shopping - 09/05/11 03:44 AM
Buying a first home in the Brainerd Lakes area of Minnesota is a huge step and definitely not an easy decision. Anyone entering into this process for the first time deserves special attention from a real estate professional that is prepared to walk them step-by-step through the process.I'm here to provide you or any first time home buyers that you know with that exact level of service.
It seems to make perfect sense that as a first time homebuyer, the first thing to do is to shop for homes. Many start by investigating the market in a desirable area and finding … (5 comments)

brainerd lakes short sales: Lordbock earns Luxury Distressed Property Designation - 08/05/11 03:56 PM
Kathleen Lordbock, an agent at Keller Williams Realty Brainerd Lakes, earned the Harris Real Estate University Certified Luxury Distressed Property Designation, having completed extensive training in negotiating and closing short sales for the higher end market at at time when the recession forces more luxury homes into foreclosure.
Lordbock has successfully listed and sold many Short Sales and assisted other fellow agents with their properties being sold short.
She has earned the National Association of REALTORS® Short Sale and Foreclosure Resource certification, is a Short Sale Superstar and many certifications in Short Sales and distressed property. As the owner of Brainerd … (1 comments)

brainerd lakes short sales: This Month in the Brainerd Lakes Real Estate Market - 07/09/11 03:57 AM
Rates are at a record low after steadily declining throughout May, primarily due to uncertainty in the global and domestic economies. While these incredible rates represent a significant savings for home buyers, experts note that for the benefits to fully be realized, lending conditions must loosen so more buyers can take advantage of them. As overall economic activity gets back on track, rates will likely rise to keep inflation in check. In other words, the window of opportunity for buyers to lock in these historically low interest rates may not remain open much longer.
In our lovely Brainerd Lakes are of … (0 comments)

brainerd lakes short sales: Lordbock of the Brainerd Lakes area of Minnesota Earns Distressed Property Certification - 04/20/11 08:11 AM

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)

brainerd lakes short sales: 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)

brainerd lakes short sales: One Level Living in the Cove- Nisswa, Minnesota - 03/18/11 04:39 AM
If you are looking for one level living in a great newer development- call for an appointment on this gem. Close to all that the Nisswa area has to offer, with a designer touch and loads of storage. This is not an association and is a private stand alone home with in-ground sprinklers, a peaceful view of nature and a quick drive to the lakes or golf courses of your choice. One Level and oohh so nice 24825 Cove Trail, Nisswa, MN 56468 View Map In-ground sprinkler system, double closets in the garage for extra storage, up- graded fixtures. Light filled … (4 comments)

brainerd lakes short sales: 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?


brainerd lakes short sales: Interest Rates are Creeping UP - 02/14/11 05:01 PM

brainerd lakes short sales: It Is Up To You, Mr. Seller - 01/29/11 02:42 PM
This should be required reading for all those homeowners who are even thinking of selling.  It is hard work, inconvenient, and so worth it if you need to do so.
It Is Up To You, Mr. Seller
So, Mr. Seller, you’ve made a decision that you want to sell your home. Scratch that. You’ve decided that you need to sell your home.
That’s great. You start looking at what other homes in your neighborhood are selling for. You research market statistics on homes that have sold. You peruse some websites that allow you to obtain a … (2 comments)

brainerd lakes short sales: Preparing for Homeownership in Ten Steps - 01/29/11 01:34 PM
Preparing for Homeownership in Ten Steps
 1.Decide what you can afford. The best way to do this is with a visit to your favorite lender – that way you will know what price ranges you can search in.
2. Get your credit in order. Obtain a copy of your credit report to make sure it is accurate and to correct any errors immediately. A credit report provides a history of your credit, bad debts, and any late payments.
3 Determine your mortgage qualifications. How large of mortgage do you qualify for? Also, explore different loan options — such … (5 comments)

brainerd lakes short sales: LESS Than Perfect - 12/25/10 03:46 PM
Selling your home?  Being ready to show at a moment's notice and knowing what to do and what not to do- takes some experience and training and life.
In my last post I described the process of getting ready to list my house for sale.  I think it important to share some things I learned in that process and the additional knowledge I gained from the experts that actually do the work of selling homes, Realtors(r).  Remember, we were not selling a vacant home, but even at that, based on what I learned with this (pending) sale, I might … (4 comments)

brainerd lakes short sales: Why Not You? - 12/25/10 06:03 AM
This is Christmas Day and by now most of you will have already opened your gifts and had some good things to eat! This is perhaps the most celebrated holiday in the entire world. Gift giving is core to the message of Christmas." For unto this world a child was born", a gift for all mankind who believe. Jesus gave the best gift of all- the sacrifice of a sinless life-heaped with the sins of mankind. None of use could give a gift like this-"for all have sinned and come short of the Glory of God". But we can share this … (4 comments)

brainerd lakes short sales: All I want for Christmas is a new house! Hiring a personal shopper. - 12/19/10 12:31 PM
 Do you mean it-are you serious about buying a home? Do you really want to take advantage of record breaking historically low interest rates, low home prices and a huge inventory? If you answered YES to any of the above questions:  do it now-  what are you waiting for?
Here in Central Minnesota the holidays are fast approaching, the snow is flying and rates are slowly beginning to rise. We have houses priced to sell and move in ready, fixer-uppers and luxury lake homes. Your home search will find you just what you want for Christmas.  Better yet- let me be … (8 comments)

brainerd lakes short sales: Interest Rates for December 11, 2010 - 12/11/10 03:13 AM
Interest rates are going up ever so slightly, but going up just the same. We are in a market where historically everything is set just for you to make a home purchase.  With the huge inventory to choose from, motivated sellers, a multitude of distressed properties priced under market and low interest rates - what are you waiting for?  Looking to invest in a rental and have the renters make your payments? Thinking of finally buying that lake cabin you have always wanted? Think fast!

Kathleen Lordbock, Keller Williams Realty Professionals (Keller Williams Realty Professionals)

Kathleen Lordbock

Keller Williams Realty Professionals

Baxter, MN

More about me…

Keller Williams Realty Professionals

Address: 14091 Baxter Drive, Suite 116, Baxter, MN, 56425

Office: (218) 831-8001

Mobile: (218) 831-8001

Email Me




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