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Please join us for our seminar, The Insiders’ Guide to Buying a Short Sale in Minnesota. The seminar will take place at our Minneapolis office on Saturday, May 9th at 12:00 noon. Please contact us to register for this event.
Topics covered will include:
- The short sale process in Minnesota
- How to search for short sales
- How to get your offer accepted
- How to avoid the pitfalls that will delay your closing or kill it
- An informative Q & A session
- And much more
Please register by contacting us today or by calling 612-968-2161.
We are very excited to announce that we have added a new MLS search function to our website. Visitors can now search Minnesota Foreclosures from the MN MLS right on our website. You can browse foreclosures by city, zip code, property type, price range, and more! You can even save your search criteria. If you need help creating a custom foreclosure search please contact us.
If you are a buyer, seller, listing agent, or buyer’s agent dealing with a short sale in Minnesota you have more than likely experienced some degree of frustration (ranging from a mild headache to pulling your hair out while screaming at the top of your lungs). We, too, have experienced this frustration on both sides of the fence - representing sellers and buyers. We would like to make a change. We are asking all buyers, sellers, listing agents, and buyers’ agents to send us their experiences. We want to gather as many stories as possible for discussion. We are working on a project to help all parties involved with short sales. Please contact us here or send us an email to Jesse@BuyMinnesota.com.
I just wrote a guest post over at Scott Ficek’s Minnesota Investment Real Estate blog about what to do with renters during a short sale of an investment property in MN. If you are facing foreclosure in Minnesota on one of your investment properties, you should be aware of how tenants can affect the short sale process. Please contact us for more information.
Spring helps MN Real Estate
The warmer temperatures over the past weekend that have continued through this week have done more good than melt snow and ice. The warm spell has brought home buyers out in flocks (in addition to more daylight). If you had been out shopping the Twin Cities real estate market over the past weekend you were probably likely to see others doing the same. Showings on our listings spiked and open house traffic also increased. While this is great news for sellers it can be a downer for buyers. I have experienced more multiple offer situations recently on both sides of the fence either representing buyers or sellers than I have since the early fall of 2008.
What does this mean for buyers?
If you are a an active buyer in this market you should be prepared for multiple offer situations. Especially if you are targeting Minnesota foreclosures and short sales. My buyer clients frequently ask me how they can secure a property when there are so many interested parties. The fact is, there is no magic bullet or one answer for this question. There are many ways to entice a seller to choose your offer, and the situation is different every time. The buyer’s agent has to know what terms the seller really wants, and if the buyer is happy with the terms that buyer will end up with the property. I have a lot of experience dealing with multiple offers with both sellers and buyers. If you would like a few private tips please shoot me an email. Happy Property Searching!
Jesse Grumdahl is a Minneapolis Real Estate Broker and Realtor who is a short sale listing expert in Minnesota (with the #1 Re/Max Team in Minnesota for the last three years) who sharply focuses his energy on short sales and foreclosures in the Twin Cities metro area. Mr. Grumdahl does so with the help of his full-time, in-house staff that will always put his clients’ best interests first and foremost. Jesse can be reached at our contact page or directly at Jesse@BuyMinnesota.com or 612-968-2161.
