REALTOR® Magazine-Daily News-Pending Home Sales Turn Around in May. I have been seeing this first hand working with buyers and sellers. Activity is picking up. Nice to have good news to share.
Twin Cities Housing Recovery Signs
News Releases. Sales Up, Foreclosure Rate Drops as Distressed Segment Leans Toward Recovery If you are a prospective seller you may find some reassurances in knowing that the distressed segment is trending down. This segment is pulling our market down so as these move off the market things should level out and improve. Some good... Continue Reading →
Lease with an option to buy
This might be an approach for a buyer who wants to move into their next property but there is a gap between when they can move in and when they can get a mortgage. Rather than rent and later buy and deal with two moves you might want to consider a lease with option to... Continue Reading →
Contract for deed resources
I had a buyer approach me last week to write a purchase agreement on his behalf for a property he found and planned to purchase contract for deed. We had a good discussion about some key milestones in this type of transaction and options to consider. A realtor can be a resource in these types... Continue Reading →
Contract for Deed – Minimum Interest Rate
To close the loop, yes there is a minimum IR for a CD. Similar to the max rate, the min rates are posted monthly by the IRS. Here is a link to the most recent published minimum rates - "Applicable Federal Rates" (April 2011) http://www.irs.gov/pub/irs-drop/rr-11-10.pdf The idea of the minimum IR is to ensure you... Continue Reading →
Minnesota Contracts for Deeds – key points
A contract for deed is a contract between a buyer and a seller where the seller is providing financing to the buyer. There are variations to this when an investor participates as a third party buying the CD terms from the seller for a discount. A seller may want to consider contract for deed terms... Continue Reading →
Staging Tips – Get ready to sell….
In the current Minneapolis metro area, sellers can differentiate their property by using staging strategies. This process will start with the basics, which will actually take time and energy on your part but will pay off in the long run. Once a buyer decides he/she wants to see your place it needs to "show well":... Continue Reading →
Northeast Minneapolis Single Family Homes
Prior to becoming a Realtor I was a manager. A key part of my job was facilitating meetings. I got pretty good at it over the years. I read books like "Death by Meeting" and took it to heart that time is valuable. I have transferred my management skills to real estate. Specifically, I do... Continue Reading →
High impact words matter, choose wisely
As Realtors, we choose our word descriptions to fit the property and balance this with the amount of room we are allowed in the MLS. Order and word selection are instrumental in moving potential buyers from behind their computers to setting up a showing appointment and writing an offer. Important words I hear from today's... Continue Reading →
Pre-selling tips – getting it “ship-shape” and staged
The articles referenced will help you focus on key areas in your home prior to listing. In the current market, I work with my sellers to put the properties "best foot forward" - this effort will pay off in terms of price and days on market. A key element in marketing your property is to... Continue Reading →
Ingrid Friel, Realtor 