| Recent Blog Posts by Jeff Byrd | ||
Maximum Internet Exposure Continues at RE/MAX RESULTS!When I read the recent Star Tribume article about a major local real estate company pulling its listings from national websites including REALTOR.com reducing their properties Internet Exposure., I wondered how I would feel telling my sellers this news, if my company did this.
How would I tell them that I was not first off going to exposed their home on REALTOR.com, the "Official Site of the National ...
Posted by
Jeff Byrd
@ 12:00 AM
on 11/28/2011
|
More | |
Reverse Mortgage (HECM) Forclosures Starting to show up In Twin CitiesA new type of foreclosed property is starting to show up in the inventory of properties in the Twin Cities. These are properties that had “Reverse Mortgages”. They are sometimes referred to as (HECM) Home Equity Conversion Mortgages. These are mortgages that are available to persons over 62 years of age. For anyone considering one of these mortgages, AARP has an excellent booklet ...
Posted by
Jeff Byrd
@ 12:00 AM
on 11/19/2011
|
More | |
Yes Virginia, there still are traditional sales in Minnesota!As I sat at 2 closings of traditional sales on Thursday it reminded me how enjoyable the real estate business can be. My client whose townhome I sold and the helped her find her dream home on some acreage had a smile on her face that brought it all back. I enjoyed the colorful banter about each party complaining about all the packing they had just done. The buyers of her townhome talking about how ...
Posted by
Jeff Byrd
@ 12:00 AM
on 10/29/2011
|
More | |
Waiting to sell until the market improves next year? Think Again!Based on an article on DSNews.com quoting analysts at Capital Economics that prices are not expected to increase until 2014, the need to use and listen to the market and advice of an experienced Re/Max Results agent has never been greater. These analysts cite factors such as the fact that “4.5 million households are still in serious danger of losing their homes as they have missed at least three ...
Posted by
Jeff Byrd
@ 12:00 AM
on 06/21/2011
|
More | |
Take advantage of today's market with your IRA or 401(k)You have probably heard about investors with cash, taking advantage of the current low prices in today real estate market to either buy a home for cash, fix it up and either sell lit or rent it with a decent cash flow.
You may have wished you could do the same thing. Well some people with large amounts in IRAs or 401(k)s are able to do just that while taking advantage of the tax benefits ...
Posted by
Jeff Byrd
@ 12:00 AM
on 03/02/2011
|
More | |
Vikings Staduim at Arden Hills TCAAP site Debate ContiuesThe debate continues around building a stadium for the Minnesota Vikings in Arden Hills at the site of the Twin Cities Army Ammunition Plant “TCAAP” after a Letter of Intent was sent from the Vikings owner Zigy Wilf to the Ramsey County Board of Commissioners. The city of Arden Hills is keeping its residents informed on the City of Arden Hills web site. In a Star Tribune ...
Posted by
Jeff Byrd
@ 12:00 AM
on 02/21/2011
|
More | |
Traditional Sales See Median Sale Price IncreaseIf you look deep enough in the real estate market statistics you will find some encouraging signs. For those of you gazing into your crystal ball for answers about the real estate market make sure you don’t miss this.
Traditional non-distressed properties actually saw a 1.9% increase in their Median Sale Price from a year ago according to the Minneapolis Area Association of REALTORS. ...
Posted by
Jeff Byrd
@ 12:00 AM
on 02/19/2011
|
More | |
Twin Cites ranks 4th in Top Cities for Hospital CareHealth Grades a private rating firm ranked the Twin Cities 4th in their Hospital Quality and Clinical Excellence study. Yet another reason people love living in the Twin Cities. The study was based on patients’ clinical outcomes: risk-adjusted mortality and in-hospital complications. Thoseof us that live here and had had the opportunity or misfortune to take advantage of ...
Posted by
Jeff Byrd
@ 12:00 AM
on 01/26/2011
|
More | |
St Paul Winter CarnivalThe 125th St Paul Winter Carnival begins January 27th and runs through February 6th this year. Minnesotans embrace the cold weather and actually celebrate it in St Paul with one of the best examples of community pride in the nation. It is one of the great reasons to consider St Paul as a place to live. The St Paul Winter Carnival is the nation’s oldest winter festival and has ...
Posted by
Jeff Byrd
@ 12:00 AM
on 01/25/2011
|
More | |
Short Sale or Foreclosure in Your Past? An FHA Mortgage May be in Your Future!Just because you had a Short Sale, Foreclosure or Bankruptcy does not mean you cannot get an FHA Mortgage in the future. As a matter of fact if you have rebuilt your credit you may be able to get an FHA Mortgage after 3 years. In HUD’s Mortgagee Letter 09-52, it states that “Borrowers in default on their mortgage at the time of the short sale (or pre-foreclosure sale) are not ...
Posted by
Jeff Byrd
@ 12:00 AM
on 01/17/2011
|
More | |
Fannie Mae & Freddie Mac "First Look" owner occupied initiatives for Foreclosed listingsFannie Mae and Freddie Mac both have "First Look" programs in place to encourage owner occupant purchases of their foreclosed properties as they come on the market. For the first 15 days that they are on the market owner occupant buyers in many cases have the opportunity to purchase without competition from investors. In the past owner occupants lost out to cash offers from investors. These ...
Posted by
Jeff Byrd
@ 12:00 AM
on 12/28/2010
|
More | |
Cummins Power Genration to move 700 jobs to Shoreview MNCummins Power Generation has bought a building in Shoreview from Medtronic and is moving its headquarters and about 700 jobs to its new location at 3850 Victoria St N according to an article in the Shoreview Press. This is a plus to Shoreview as it helps to keep its tax base strong and provides business diversity. Shoreview has weathered the housing storm a little better than some suburbs ...
Posted by
Jeff Byrd
@ 12:00 AM
on 12/15/2010
|
More | |
Shoreview Changes Recycling ProviderShoreview residents came home to discover new Blue waste carts at the end of their driveway. Attached was a brochure about single sort recycling but not an explation of why they had a new cart. This brochure from the City of Shoreview Website provides an explanation of why they have new carts. Shoreview is changing recycling providers. Residents are to leave ...
Posted by
Jeff Byrd
@ 12:00 AM
on 12/09/2010
|
More | |
Cross Country Sking in Roseville? You Bet!Roseville actually has 4 cross country trails that make getting a little exercise and outdoor time very convenient. you can even rent cross country skis at the Roseville City Hall Campus, 2660 Civic Center Drive. You just contact Parks and Recreation, 651-792-7006 for more information. The Trail Map identifies trails at Langton Lake Park, Reservoir Woods West, Reservoir ...
Posted by
Jeff Byrd
@ 12:00 AM
on 12/09/2010
|
More | |
Aden Hills Aproval Needed for MNDOT's "Unweave the Weave" I 694 expansion ProjectAccording to the last post on the Arden Hills city website they have not yet given consent for the MNDOT's "prefered concept". In a resolution they "Disapproved" it and gave their conditions for approval.
The Minnesota DOThas identified the corridor form I 35W to I 35E as an are that needs help to provide better safety and reduce delays. They have described it as on of "The Worse Bottlenecks ...
Posted by
Jeff Byrd
@ 12:00 AM
on 12/09/2010
|
More | |
MNDOT's Proposed I 694 "Unweave the Weave" Expansion project affects 5 suburbsMNDOT's proposed "Unweave the Weave" I 694 Expansion Project will affect four northern suburbs that it runs through. They are New Brighton, Arden Hills, Shoreview, Vadnais Heights and Little Canada. MNDOT's "prefered concept" shows the reworking of I 694 and the intersecting roads.
The Minnesota DOThas identified the corridor form I 35W to I 35E as an area that needs help ...
Posted by
Jeff Byrd
@ 12:00 AM
on 12/09/2010
|
More | |
Listing in December a Smart Marketing Idea!In December, traditionally less new listings come on the market. For a seller putting their home on the market in December means less competition from other new listings. There are a lot of buyers who have still not found the right home. Buyers are hungry for new listings. There are a lot of buyers searching the Internet every day for new listings. Today, buyers don’t ...
Posted by
Jeff Byrd
@ 12:00 AM
on 11/29/2010
|
More | |
Shortage of Salable Listings Creates OpportunityYes in this market of increasing listing inventory I am saying there is a shortage of salable listings. This creates a tremendous advantage for the seller with equity who can price their home at “market value”. Below is my ratinale for this.
First a salable listing is a property that is on the market at “market value”, a price that most of today’s buyers are ...
Posted by
Jeff Byrd
@ 12:00 AM
on 11/08/2010
|
More | |
MN Disabled Veterans Property Tax ExclusionA program enacted in Minnesota in 2008 gives Honorably Discharged Veterans with a disability rating of 70% or higher, a market value exclusion of up to $300,000 for homestead property. This results in substantial saving and in some cases elimination of property taxes for these veterans. Property Tax Fact Sheet 13 on the Minnesota Department of Revenue web site gives a summary of the program.
According ...
Posted by
Jeff Byrd
@ 12:00 AM
on 09/20/2010
|
More | |
Weekly Price Reductions – A Marketing StrategyIn today’s world of automatic Internet searches for homes, reducing your price on a weekly basis might keep bringing your property back up in front of buyers weekly. Many buyer’s and their agents set up searches that automatically notify them when a new property that matches there search becomes available. They tend to bracket their searches with $10,000 or $100,000 price ...
Posted by
Jeff Byrd
@ 12:00 AM
on 09/09/2010
|
More | |
Use Post April 30th Sales to Price Property to Sell In Today's Market.In order to price your property realistically in today’s market you need to look at activity after April 30, 2010. This is when the tax credit ran out. Sales of property prior to this date probably do not reflect current values. The prices of many of these sales prior to April 30, 2010 may have been pushed a little higher than normal due to buyers trying to take advantage of ...
Posted by
Jeff Byrd
@ 12:00 AM
on 08/30/2010
|
More | |
You May be Able to Delay a Foreclosure Sale (Sheriff’s Sale)According to the Minnesota Home Ownership Center, owners of homesteaded 1 – 4 unit buildings may be able to delay the Foreclosure Sale (Sherriff’s Sale) by up to 5 months by following certain steps after the sheriff’s sale is published and at least 15 days prior to the scheduled sheriff’s sale. In a “Postponement of Foreclosure Sale – Homeowner FAQ” document ...
Posted by
Jeff Byrd
@ 12:24 PM
on 08/20/2010
|
More | |
The Eagle Group Now at Re/Max Results
Now the Eagle Group is able to offer what our customers have come to expect for us with the power of the largest real estate organization in the world. We are able to more fully market propwerties while providing value.
Posted by
Jeff Byrd
@ 3:37 PM
on 08/17/2010
|
More | |
Buyer's limiting themselves to foreclosures are missing many good deals.Many buyers in today’s market are limiting their search to only foreclosed properties. They are looking for that great deal they heard someone else got when they bought. Little do they realize, they are missing many very well priced homes. Serious sellers have adjusted their prices and there are some very good opportunities for buyer’s to buy well priced properties that ...
Posted by
Jeff Byrd
@ 9:22 AM
on 07/23/2010
|
More | |
The FHA 203(k) Streamlined Mortgage could be the best loan you aren't considering.FHA 203(k) Streamline Mortgage - Why haven't you considered it?
The FHA 203(k) Streamlined Mortgage could be the best loan you aren't considering.
FHA's Streamlined 203(k) program permits homebuyers to finance up to an additional $35,000 into their mortgage to improve or upgrade their home before move-in. With this product, homebuyers can quickly and easily tap into cash to pay for property ...
Posted by
Jeff Byrd
@ 11:28 AM
on 07/11/2010
|
More | |