Minnesota Short Sale Expert

The current real estate market continues to be one of the best times in our history to purchase real estate because of the prices that continue to decline. We have never seen the kinds of numbers that we are right now with the sales of active properties. Nearly 58% of all homes that are listed for sale and that receive an offer are either a short sale or a foreclosure. You might ask why would people purchase these homes. They must need a tone of work to even live in.

It is true that some of the “distressed” properties (short sales and foreclosures) will require extensive updating and repair work to even be able to live in the properties. Some of them may even need a complete rehab. However, in many cases these homes happen to be someone’s family home where they kept it up nicely as they lived there. Unfortunately the family fell on hard times and could no longer afford to pay the mortgage resulting in them either attempting to short sale the home OR letting it slip into foreclosure.   

These homes that have not been neglected offer a buyer a very good opportunity to purchase a home at a very discounted price and it may only need a bit of a “spit shine” to bring the property back to a great condition. This is why there are 58% of all sales that are short sales or foreclosures. Many buyers are willing to possibly put in a little money to update a property rather than pay many thousands more for another property that is very similar.

If you a looking for deep discounts and great deals in our marketplace I would suggest at least considering viewing short sale and foreclosure properties. If you would like a list of these properties please contact me and I can send them automatically to your email.