Right now in Isanti, Sherburne and Anoka Counties in Minnesota home listings have really thinned out. As I run my searches for my buyers less homes are matching their search. I look in the papers and see a lot of homes in the process of foreclosure but right now options are limited compared to just a few months ago.
This is a great sign for the real estate market. Isanti, Sherburne and Anoka counties were all hit hard by foreclosures. When the spring market came around we saw the market bottom reached (at least for now). Homes started selling within a few days of getting listed. Most homes that are priced well are getting multiple offers and getting bid back up.
Its now a challenge to actually get an offer accepted. Especially if you are not a cash or conventional home loan buyer. The banks tend to shy away from FHA and DVA buyers if they have other options.
I'm hoping that a few more of these bank owned homes get listed soon because I have many buyers out there trying to get a home but its not working with what is currently on the market!
Chuck Carstensen- RE/MAX ASSOCIATES PLUS INC. - Serving Isanti, Sherburne, Wright, and Anoka Counties in Minnesota. Cell: 612-290-3809
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