Buyers Intensify Competition

Are you looking for that ultimate bank owned property deal? Well, get in line. Various media reports may paint a rosy picture of the statistics, as the property inventory has shrunk. But. so has the line increased for multiple offers on this remaining inventory. Buyers will need to put on their best pair of running sneakers, as the competition heats up. The devil is in the details as the old saying goes. So, do your homework. You should be working with a Realtor that is familiar with the current market conditions and is willing to take the time, and assist you at understanding price points of properties you are interested in. Education in the market you want to play in, no doubt will lead to a more successful deal.
Not every Bank owned or Short Sale property is an automatic "I will offer 20% less than the listing price- they have to take." Bank, Asset Mgmt Co, and Real Estate agents have become learned over the last three years. John Mingo is finding a greater percentage of these properties, that are being listed at appropriate prices, hence the reduction of inventory. So, If you find a property you want to buy-know your competition. Be prepared to offer more. The bank may have listed the property at a price to creat a frenzy.

Median Sales Price for Prior Lake

Median Sales Price for Prior Lake

Ray Lucia's Bucket Strategy™

Ray Lucia's Bucket Strategy™

Lonsdale Housing Market Moving Forward

Lonsdale 3 bedroom 2 bath split level. This former model is beautifully decorated and impeccably clean. This property recently pended and awaits closing. The matured trees and layout of this property is an appealing factor in the quest for finding your dream home. The inventory of Bank-Owned homes in this area has shrunk significantly in recent months making it possible for buyers to step into a dream home rather than a foreclosure nightmare. As a seller, you are probably going to appreciate the lack of REO properties as a stabilizing factor in restoring some sensibily to market price and actual days on market to sell your own property.
Click on following URL link to view this property:
http://matrix.northstarmls.com/DE.asp?k=9453XFPPU&p=DE-73569671-274

Lonsdale Real Estate Market turning the tide.

Stay tuned for updated info on Lonsdales' escape from a heavy laden Foreclosure Market!

Private Retreat in Spring Lake Twp, Minnesota

$549,000 (Prior Lake school district)


Peace an tranquility are your friends at this beautiful 20 plus acre retreat in Spring Lake Township, Minnesota. Just 30 minutes south of Minneapolis and St.Paul. This property offers a touch of the country and yet delivers a flare of the up-north sites. Encompassed in a rich variety of trees and native plants, and can walk your own trails.


Kane's lake is just a nature walk through the woods. Enjoy non-motorized boating or nature's wonders on a very hidden non-recreational lake. A 2-story home awaits your own personal touch, but none may be required. This home has many updates; including a new addition 10 years ago, granite counters, wood floors, stainless steel appliances, and a cozy 4-season room.




Follow the link for more detailed information and addtional pictures. http://matrix.northstarmls.com/de.asp?ID=8045967896