Isanti - Sherburne - Wright - Anoka County Minnesota Real Estate Blog: July 2009

9466 EAGLE EYE CT MONTICELLO, MN 55362 $99,900 3 Bedrooms 2 Full | 1 Partial Bathrooms 1,482 Est. Sq. Ft. Listing # 3677029 3 BDR, 3 BA Townhome in nice Neighborhood. Nice Front Patio, Lots of Counter and Cabinet space in Kitchen. Some TLC needed. Short Sale, Sold As-Is.   Schedule a Showing    Save This Property Printable Version Email This Property Map Location Mortgage Information School: Elem | Mid | High Location Information County: Wright Map Code: 31D3 MLS Area: WRIGHT COUNTY(EXCEPT BUFFALO) MLS Area Number: 341 Subdivision: Klein Farms Estates 2nd Addn. Interior Features Extra Room Type: Patio 1/2 Baths: 1 Other Bathrooms Description: Main Floor 1/2 Bath, Upper Level Bath, Full Master Has Dining Room: Yes Dining Room Description: Informal Dining Room Has a Family Room: No Amenities: Lawn Sprinkler Has Fireplace: Yes Number of Fireplaces: 1 Fireplace Description: Living Room, Gas Burning Heating: Forced Air Heating Fuel: Natural Gas Cooling: Central Appliances: Range, Dishwasher, Refrigerator, Disposal Basement Description: Drain Tiled Has Basement: No Exterior Features Construction: Previously Owned Exterior: Metal/Vinyl, Brick/Stone Roof: Asphalt Shingles, Age 8 Years or Less Septic Sewer: Connected Water: Connected Parking Description: Attached Garage, Asphalt Has Garage: Yes Number of Garage Spaces: 2 Has Golf Course: No Lot Description: Zero Lot Line Lot Size (Acres): 0.00 Road Frontage: Private, Paved Streets Has WaterFront: No School School District: MONTICELLO Additional Information Property Type: CND Property SubType: Quad/4 Corners Year Built: 2001 Potential Short Sale: Yes Fees Include: Snow/Lawn Care, Outside Maintenance, Hazard Insurance, Building Exterior, Professional Management, Shared Amenities Restrictions: Number Limit Room Dimensions (LxW): BR1: 15x11, BR2: 12x10, BR3: 12x10, DR: 13x19, KT: 13x10, LR: 16x13

Just had an offer cancel and the final numbers have been verbally approved by the bank.  So now I need another offer.

Chuck Carstensen

email: chuck@thediscoveryteam.com

612-290-3809

I am not the biggest fan of short sales, but if you have a lot of patience they will normally work out. If you have a little patience you have a good shot a getting your offer through.

A LOT OF PATIENCE = Willing to wait 2-3 months for the bank to accept your offer.

A LITTLE PATIENCE = Willing to wait 1-2 months for the bank to accept your offer.

I bring this up because 2 weeks ago I got an offer on one of my short sale listings.  We had just got the BPO done and were waiting the bank to approve the sale so I told the agent this would be a quicker short sale and we should know by the end of the month.

THANKS FOR YOUR PATIENCE!  Today get a cancellation.  Of course later the bank says they are ready to move forward with the short sale.

Buyers and Agents...do you seriously make offers on short sales expecting to know in less then two weeks?  If so, probably don't make an offer.

On the positive side I have a pre negotiated short sale and hopefully can get another offer quickly.

Chuck Carstensen - RE/MAX ASSCIATES PLUS INC.

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

How big of a motivator is the $8000 tax credit?

With interest rates being low and prices on homes being low what does the $8000 tax credit do for a buyer? What have your buyers been saying?  Is this their number #1 motivator?

My first time home buyers really want this $8000.  This is a big paycheck for anyone. Its free money that if that incentive does not change will be gone on Nov. 30th.

Buyers are out there trying to get this money. When a listing comes in at a LOW LOW price from a bank. Promptly 5 -15 offers come in.  So that means 4-14 buyers don't get the house and they wait for the next one. Thus, the competition for the $8000 tax credit is massive.  Nov. 30th is closer then you think. 

Will buyers stop buying when the tax credit disappears?  I don't think so.  It might make it easier to get an offer through.  All in all I feel the tax credit is a big factor in the multiple offer situations we see!  How do you feel?

Chuck Carstensen

RE/MAX ASSOCIATES PLUS

612-290-3809

WWW.THEDISCOVERYTEAM.COM