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Sibley Park, West Mankato - The single story at 105 Rogers St. has been sold.
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Daily Real Estate News | May 28, 2010
The near-record low mortgage rates seen during the past few weeks may not be around much longer.
Signs of improving economic conditions could lead Federal Reserve Chair Ben Bernanke to raise key interest rates, driving up mortgage rates, says Stephen Stanley, chief economist at Pierpont Securities LLC.
The evidence includes more consumers are paying their bills on time. Past-due accounts at American Express declined 34 percent compared to a year ago, and Target Corp. reported its lowest delinquency rate in two years during the second quarter.
In another sign of economic improvement, fewer banks reported tightening lending standards this month, one reason consumer borrowing rose for the second time in three months.
“If lending standards start to stabilize, that’ll be another reason to remove the emergency measures, including the zero rate,” says Jay Bryson, a senior global economist at Wells Fargo Securities LLC in Charlotte, N.C., who formerly worked at the Fed in Washington.
Source: Bloomberg, Bob Willis and Anthony Feld (05/28/2010)
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Are you a real estate broker with 4-5 agents in the Twin Cities area? Exit Realty is in the process of partnering with small brokerages to implement ways of mutually increasing residential, investment, and commercial business in 2010 including the following:
- Co-brokering bank owned portfolios
- Sharing information about Non-MLS or pre-listed properties
- Training agents to survive in a challenging market
- Exploring ways to collaborate in mutually benficial ways
- Expanding business through enhanced networking opportunities
- Employing proven techniques to recruit top producing agents
- Teaching agents how to build a salable business
- Showing agents how to earn more than 100% using multiple income strategies
Exit Realty is relatively new, has 14 offices in the Twin Cities, and is one of the fastest growing real estate brokerages in the area. Contact Pete at the number below to arrange a quick phone interview.
(612) 29-EXIT-8
(612) 293-9488
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New Remodeled Unit - Never Lived In!!
• 1,000 sq. ft., 2 bath, 2 bdrm other "Lower Level Condo" - 
MLS® $94,900 - Linden Hills Under $100k!
Linden Hills, Minneapolis - Priced for Immediate Sale!!! Linden Hills Condo Under 100,000!! Walk 1 bk to Lake Harriet!! New remodel, never lived in, hardwood, granite, stainless steel, lower level, underground heated parking garage, outdoor pool, exercise room, party room, secure building. Association Fee includes Exterior Maintenance, Hazard Insurance, Sanitation, Free use of Laundry Room, use of Shared Amenities, Water/Sewer, Snow/Lawn Care. You have to move quickly on this one! Lower Level Unit is Below Grade.
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FOR IMMEDIATE RELEASE: Theresa Shrader has joined Exit Lakes Realty, a real estate company located in Minnetonka, Minnesota. Theresa Shrader represents buyers and sellers of luxury homes and investment properties and is a certified interior design consultant. Theresa Shrader can be reached by calling (952) 292-0286.
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Edgewood Avenue N, Crystal - The 1 1/2 story at 5248 Edgewood Ave N has been sold.
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Scott Highlands, Apple Valley - The 2 story split at 5806 142nd St W has been sold.
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• 1,440 sq. ft., 2 bath, 3 bdrm single story - MLS® $149,900 - Priced Below Market
Sandlewood Road, Woodbury - New listing! Excellent location. Close to Woodnury Jr High, Middle, and Elem Schools. Information coming soon!
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Linden Hills, Minneapolis - NEW! Announcing a price reduction on 2727 W 43 St. #C1, a 1,000 sq. ft., 2 bath, 2 bdrm "Lower Level Condo". Now MLS® $94,900 - Linden Hills Under $100k!. Brand - New Never Lived In!
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New Remodeled Unit - Never Lived In!!
• 1,000 sq. ft., 2 bath, 2 bdrm other "Lower Level Condo" - MLS® $99,900 - Linden Hills Under $100k!
Linden Hills, Minneapolis - Priced for Immediate Sale!!! Linden Hills Condo Under 100,000!! Walk 1 bk to Lake Harriet!! New remodel, never lived in, hardwood, granite, stainless steel, lower level, underground heated parking garage, outdoor pool, exercise room, party room, secure building. Association Fee includes Exterior Maintenance, Hazard Insurance, Sanitation, Free use of Laundry Room, use of Shared Amenities, Water/Sewer, Snow/Lawn Care. You have to move quickly on this one!
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*Walking Trails Around the Pond*
• 1,414 sq. ft., 2 bath, 3 bdrm townhouse - MLS® $149,900
Yucca Lane N, Maple Grove
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Edgewood Avenue N, Crystal - Announcing a price reduction on 5248 Edgewood Ave N, a 2,132 sq. ft., 2 bath, 3 bdrm 1 1/2 story. Now MLS® $143,000 - Reduced - Quick Close OK!.
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EXIT Realty Corp. International invites real estate professionals, regardless of their brokerage affiliation, to a free, online educational seminar designed to help them understand the changes in the market.
With the title, "Changes in the Real Estate Market and the Industry: How to Stay Ahead of the Curve and Excel in Today's Market," the company will hold webinar sessions on the internet Tuesday, March 23, 2010, from 4:00-4:30 p.m. EST and 7:00-7:30 EST. The sessions are free, live and can be accessed from anywhere across the US.
“At a recent Women’s Council of REALTORS® meeting in New York, Tami Bonnell, President of the U.S. organization of EXIT Realty Corp. International, touched on some of these issues and made a huge impact on all attendees," comments Hector Castillo, regional owner of EXIT Realty of NYC & LI. "Her wisdom and knowledge of our industry made everyone aware of where we are and where we are going. Tami received a standing ovation and almost immediately people started requesting to have her back and speak to the Council again in the very near future.
"In my opinion, the best message Tami gave at our meeting is for everyone to stay ahead of the curve. Now is the time for REALTORS® to go back to the drawing board and educate themselves. If we are going to keep the consumer’s confidence, we all need to step up and be more proactive in education and technology," Castillo adds.
Stemming from the company’s popular 2009 webinar series for real estate professionals entitled “Effective Real Estate Business Practices”, the upcoming webinar is part of a 2010 series to be held quarterly featuring a variety of topics and will be hosted by Bonnell.
"The goal is to provide current information and future trends, as well as teach real estate professionals how to give the consumer what they're really looking for in real estate," Bonnell said.
Bonnell has been featured several times in major industry publications, including Real Estate Magazine, Bay State REALTOR® and Frog Pond Communications. She has addressed thousands at events such as RISMedia's Leadership Conference in N.Y., Inman News Conference in San Francisco and the Top 500 Power Brokers at The National Association of REALTORS® Convention. Bonnell regularly speaks at Women's Council of REALTORS® meetings across the country.
"Providing service and added value for the consumer is more important than ever," Bonnell adds. "We invite real estate professionals to learn some statistics, new trends, changes in the real estate industry and related fields, as well as understand that with a few changes, they can impact their business in a positive way."
To register for the "Changes in the Real Estate Market and Industry" Webinar, visit https://www2.gotomeeting.com/register/148929666 for the 4 p.m. session or https://www2.gotomeeting.com/register/436321867 for the 7 p.m. session.
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Powderhorn, Minneapolis - Announcing a price reduction on 3105 Bloomington Ave, a 1,850 sq. ft. office perfect for medical, dental, insurance, real estate, etc. Now MLS® $224,900 - Reduced. Seller Motivated.
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Realtor Notebook
By Teresa Boardman, Thursday, March 4, 2010.
Inman News
There is a lot of discussion, both online and offline, about raising the bar for Realtors. I did some research in an attempt to figure out just what raising the bar is about. Education seems to be a big part of it.
There are many who believe that requiring more education to get and to keep a real estate license would make us all more professional.
The only common theme I can find when I read about professionalism is answering the phone. Apparently, that is what professionals are supposed to do and what consumers complain about: our lack of phone-answering skills. The talk about returning phone calls and answering the phone makes me smile.
I question why any consumer would do business with someone who can't return a call. Instead of complaining, they should just move on.
Yet they complain about unprofessional real estate agents who don't answer the phone or return calls. There are a zillion of us -- they just called the wrong agent and need to move on.
Answering the phone is a very low bar, but there are many in all industries who have not yet achieved that level of professionalism and who can't provide that level of customer service.
I know that when people call me they are surprised that I answer the phone. It is very easy to do, and I have noticed that it gives me a leg up on the competition.
Sometimes I get business just because I answered the phone, and I am not always the first agent to be called.
There is a simple secret to my ability to answer the phone. I have only one number, and one phone, which is a cell phone with two batteries. Why two batteries? My business runs on batteries and I believe that I am only as good as my weakest battery.
I don't understand why people still have more than one phone number. I hate to give my secrets away to the competition, but answering the phone is very powerful and gives me an unfair, killer competitive advantage.
If I were to give a new agent one piece of advice, it would be to answer the phone. It seems like a simple idea, but I am going to expand on it a bit. Have one phone number and put that phone number on everything.
My phone number is right on the Google search page and comes up under several searches related to my name and my real estate business. There is only one number, which means fewer choices.
If you drive by my listings, the for-sale sign has a rider on it with my phone number on it. My marketing materials and business cards all have that same number on them, as do my Web sites, blogs and numerous social network profiles.
Just one phone number. I don't expect people to hunt me down or work very hard to contact me. After you read this paragraph try to find your own phone number on the Internet. If you can find it, you are on your way to being a professional.
It makes me crazy but the people who read my blog often contact me by phone, and usually while I am in my car. I have to spell out my e-mail address over the phone so that I can get them the information they are asking for, which usually has to do with real estate.
E-mail is more efficient than the phone, but I don't get to decide how people contact me. I have to answer the phone so I can use e-mail to work with people who find me on the Internet.
My e-mail address is also very easy to find. Maybe people find the human voice comforting. Education is important for Realtors, but I suspect that if higher education was a licensing requirement we would have more educated Realtors who don't answer the phone.
What we say when we answer the phone is important, but if we have not mastered the phone-answering skill we may not be able to communicate all that knowledge and professionalism to the consumers who persist in calling us.
Teresa Boardman is a broker in St. Paul, Minn., and founder of the St. Paul Real Estate blog.