Have you heard the lates radio commercials regarding obtaining the list of foreclosures and acquiring these properties for as little as $8,000???  Realize there are many Sharks and guppies.  The Guppies are calling those 800 numbers and become Shark bait for those who take those properties away from the Guppies just days before the end of the redemption period.  

THERE ARE SAFE OPTIONS FOR THOSE SEEKING A GREAT DEAL IN REAL ESTATE~~~ (Please read on) 

 There are many Pre-Foreclosure and Foreclosure REO Properties for sale and yet curious Buyers and Investors are not getting enough information from the traditional internet sources, not to mention much support from the conventional Bank Owned Brokerages listing the properties for sale.  Consumers want more information and access to these properties.  Now you have the opportunity to Preview  select properties, including HUD, Foreclosed and Pre-Foreclosed Properties in the SEVERAL METRO CITIES:  Our next Tours will include the Blaine, Coon Rapids and Andover metro areas.  If you are interested in attending either Blaine, Coon Rapids or Andover tours, simply click here to RSVP and our REO Specialists will be happy to facilitate your request.  Simply indicated which tour you want to attend.  RSVP By Clicking HERE  

The monthly Super Tours are primarily focused  on applied educational opportunities and resources necessary for consumers to obtain a good deal.  The current marketplace doesn't really provide novice investors or First Time Homebuyers the accessible resources and opportunities to get a great deal.  Just prior to departing on the tours, consumers are provided with the educational resources necessary to successfully obtain, improve, inspect and finance these special real estate opportunities.  This is the best opportunity for Investors, Step-up-Buyers and First Time Home Buyers to take advantage of the market place.

                                                                                                        ARRANGE YOUR OWN TOUR HERE

Of course, you need not wait for the monthly super tours.  It would be our pleasure to arrange your own tour of properties that can be safely acquired after foreclosure.  Simply RSVP in the link above to make your specific area request and we will arrange the tour for you at your convenience.  We'll need approximately 48 hours to arrange your tour.  Your tour will include a FREE orientation package that also supports your resources with access to Minnesota Housing Funding Programs for qualifying consumers as well as Renovation/Rehab loan products perfectly suited for some of these properties.

Knowledge is power and we're here to help Buyers and Investors develop their personal wealth through with real estate transactions.  No Obligations, full agency disclosure provided for each property.  FREE Seminars to help consumers purchase FORECLOSURE/BANK OWNED Properties in the Twin Cities

We're here to better service purchasers of REO Properties.  Asset Management companies, often hire REO brokers to represent them exclusively. However traditional REO brokerages may not have the staff  help buyers with their questions, needs and/or wants.  We're here to bridge that gap by informing interested parties and helping them obtain these properties from the Asset Management Companies successfully.  It's a WIN-WIN for the entire industry and economy. 

For more information, please call our REO Hotline at (763) 548-1402 or make your on-line inquiry by clicking here.

Best Regards,

Frank D'Angelo - Broker/SRS

EXIT Realty Executives

Step #1:  DO NOT GO OUT AN BUY LISTS OF BPO VENDORS & REO CONTACTS!!! Or at least not quite yet!

Step #2:  Understand the Internet Consumers Needs and Wants. 

Making the consumer the Most Informed Consumer should be our (the REALTOR's) Mission!!!

With any conventional real estate transaction, buyers typically find a professional online who appears to be looking out for their best interests exclusively. This is especially true with REO properties and Short Sale Transactions.

However!! Buying an REO or Short Sale property is very different when compared to the conventional purchasing process.

To really understand the current real estate marketplace, we should classify the residential marketplace into 3 categories: RETAIL, SHORT SALE and REO's (Real Estate Owned).The media throughs all residential real estate into one mixed bag when commenting about market trends and consumers searching the internet with available resources are viewing the inventory from one mixed pool as well. They may all look similar on the internet, some also look the same inside, yet the price spectrum ranges as much as 70% for similar properties. Here is the reality regarding consumer internet focus.  They generally begin with price searches, causing their focus to be on Short Sale and/or REO's.  BUYERS say WOW!  Let's look into this further.  Unfortunately, the abundance of posted inventory for sale becomes very confusing and frustrating to the average consumer and to the un-trained agents.  Here is the saddest statistic for the real estate industry regarding marketing.  The other day I did a basic search on Realtor.com of single family homes for sale in Minneapolis priced between $200,000 and $400,000.  Realtor.comstatistics revealed there were 3,557 properties available for consumers to view online between that price point.  Here is the shocking statistic and stick in the eye for Real Estate Agents; only 931 of the 3,557 properties had multiple photos.  In other words, consumers cannot get a good look at approximately 75% of the available inventory online.  I tested this in Chicago, Miami, New York and Toronto.  Almost identical results.  The statistics gets much worse if we include all single family properties.  For example, in Minneapolis, there are 9,768 actual single family properties for sale and only 22% of the listings have multiple photos.  Imagine how low that percentage of virtual tours are across the nation.  Yet when consumers purchase most big ticket items such as cars, they can go online and pick the car, change the colors, see multiple pictures of the interior and even see the car in motion if they want. Let's get with the program REALTORS and let's serve the consumers with multiple photos, virtual tours etc.  Some sceptics might say that the above statistics are skewed with the number of foreclosed properties posted and most REO's brokers only post one or two pictures.  SAY WHAT????? I don't know about you, but if my client was Countrywide, Wells Fargo, EMC etc... who was providing me with a couple of hundred motivated sales per year, I would be providing them with the highest level of marketing their inventory.  Banks and Asset Management companies are at the mercy of their assignment broker.  The assigned broker could be re-building some of the communities at a faster rate if they simply did a better job at marketing them and bridging the gap for consumers.  Here is an example of an attempt to better serve the BUYER in todays marketplace (click here).

Here is an example of a brokerage attempting to better serve Banks and Asset Management Companies (click here)

Many posted properties are either un-realistic in price, terms and/or conditions partly because of the sellers equity position. Supply and Demand ratios, pending/sold, and listed versus sold price statistics are all skewed because of the mixed bag of posted inventory available.

THE SHORT SALE DILEMMA!!!  Should we be listing all of them?  About 50% of posted properties subject to third party approval are literrally unattainable.

From the categories outlined above, REALTORS ARE RESPONSIBLE TO MAKE BUYERS MORE AWARE!!! There are many properties posted for sale and literally un-attainable. Many listing agents post properties for sale with little knowledge or awareness of bank approvals for a short sale, which lending institutions are associated with the property, the length of time it may take for a response or call to action on a purchase agreement and of course the many other potential lien and/or default issues that may be behind the scenes. Savvy agents literally pre-screen showings these days by calling the lister with a few qualifying questions associated with lender approval, the number of lienholders, response time etc.  Pre-screening showings takes time up front, however may save you from your buyer becoming enamored with an un-attainable short sale property.

For the many agents who show everything, they're out and about looking at many properties that are literally un-attainable for purchase. Buyers get excited about the price on a short sale property, submit a purchase agreement and wait too often, only to hear a variety of reasons/excuses associated with a lack of knowledge, communication and/or experience in the area of REO's or Short Sales. Frustrations set in for the buyers who are not really in a position to be patient they continue to search without any guidance.

Step #3 - Take your current listing inventory, particularly the Short Sale and REO's and market them to the fullest.  Provide the maximum MLS pictures, a virtual tour or real estate show, a BILINGUAL script that allows consumers to understand the attainability of the property and begin generating more buy sides and double enders.  Consumers want to be able to see and hear everything about the property 24/7, online and/or on a recorded message. 

Here is the best part for EXiT Associates.  We now have one of the most unique marketing tools that provides agents with all of the forward thinking resources bundled into one inputing package:  Our e-Listings package includes unlimited and optimized virtual tours, online magazines, webcasts, bilingual scripts, unlimited 800 call captures, property specific web pages and the marketing options and optimization continues to grow.  All of the tools bundled together for $12.95/month????  Plus EXIT provides the 800 Sign riders for annual pre-paids!  There are other vendors trying to package their uniqueness for a small fortune per month.  However, there is no need to increase your work and your marketing budgets when you have it uniquelly and tightly bundled for you.

Hope this finds you well.  More to come!  Comments much appreciated!!!

 Frank D'Angelo - Broker (EXIT Realty Executives of Blaine, MN)

Careers with EXiT

How do build your business with Adopted Buyers and Sellers, click here...

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Contact Frank D'Angelo, Broker, Sellers Residential Specialist. Licensed Broker in the State of Minnesota at (763) 548 1444 to list your property for sale or to purchase a property in Blaine, Fridley, Spring Lake Park, Coon Rapids, Centennial, Lino Lakes, Ham Lake, Andover, Champlin, Brooklyn Park, Minneapolis, St. Paul metro Minnesota.                           

   We Are Accepting ReferralsVisit our profile to find out more about our services. Call us today at (763) 548 1444. Contact us by email if you prefer by clicking on email me on the right side of this page under our profile.

 Forward to a Friend who can utilize this

 Your Trusted advisory for safely obtaining BANK OWNED REO's, Short Sale and Conventional properties in the Twin Cities Metro

Making you the Most Informed Consumer is our Mission!!! 

With any real estate transaction, you should be aligned with proven professionals who are looking out for your best interests exclusively. This is especially true with REO properties and Short Sale Transactions.  

However!! Buying an REO or Short Sale property is very different when compared to the conventional purchasing process. If your next purchase will serve as your personal residence or as an investment property, you should be aware of the unique procedures, advantages, disadvantages and criteria involved in such a purchase before waffling through the mixed inventory of  REO and/or Short Sale Properties posted for sale. You likely need to get started with a MN REO TRAINED PROFESSIONAL. (ZERO Commissions necessary from our buyers)

To really understand the current real estate marketplace, we should be classify the residential marketplace into 3 categories: RETAIL, SHORT SALE and REO's (Real Estate Owned). The media throughs all residential real estate into one mixed bag when commenting about market trends and consumers searching the internet with available resources are viewing the inventory from one mixed pool as well. They may all look similar on the internet, some also look the same inside, yet the price spectrum ranges as much as 70% for similar properties. BUYERS say WOW and the consumers focus on price. The abundance of posted inventory for sale becomes very confusing and frustrating to the average consumer and to the un-trained agents. Many posted properties are either un-realistic in price, terms and/or conditions partly because of the sellers equity position. Supply and Demand ratios, pending/sold, and listed versus sold price statistics are all skewed because of the mixed bag of posted inventory available.

From the categories outlined above, BUYERS NEED TO BEWARE!!! There are many properties posted for sale and literally un-attainable. Many listing agents post properties for sale with little knowledge or awareness of bank approvals for a short sale, which lending institutions are associated with the property, the length of time it may take for a response or call to action on a purchase agreement and of course the many other potential lien and/or default issues that may be behind the scenes.

Meanwhile, buyers and agents are out and about looking at many properties that are literally un-attainable for purchase. Buyers get excited about the price on a short sale property, submit a purchase agreement and wait too often, only to hear a variety of reasons/excuses associated with a lack of knowledge, communication and/or experience in the area of REO's or Short Sales. Frustrations set in for the buyers who are not really not in a position to be patient they continue to search without any guidance.

• Are you ready to start the process under a controlled wealth enhancement system?
• Are you ready to receive attainable opportunities in your mail box immediately?
• Are you ready to come to our next Foreclosure/REO/Short Sale Seminar & Super-Tour ?

If you answered yes to any of the above, simply click on your preferred 'Wanted' ad or Call us at the MN REO EXIT: (763) 548-1402

 

Servicing Homes For Sale in the following: Zip codes service areas include: 55449, 55434, 55408, 55432, 54001, 54002, 54005, 54006, 54007, 54009, 54015, 54016, 54017, 54020, 54023, 54024, 54025, 54026, 54082, 54810, 54824, 54837, 54853, 54858, 55012, 55013, 55014, 55015, 55016, 55025, 55038, 55042, 55044, 55047, 55068, 55073, 55076, 55077, 55078, 55082, 55084, 55092, 55101, 55102, 55103, 55104, 55105, 55106, 55107, 55108, 55109, 55110, 55111, 55112, 55113, 55114, 55115, 55116, 55117, 55118, 55119, 55120, 55121, 55122, 55123, 55124, 55125, 55126, 55127, 55129, 55150, 55164, 55165, 55166, 55301, 55303, 55304, 55305, 55306, 55311, 55316, 55317, 55318, 55327, 55330, 55331, 55337, 55343, 55344, 55345, 55346, 55347, 55356, 55364, 55369, 55372, 55374, 55376, 55378, 55379, 55391, 55401, 55402, 55403, 55404, 55405, 55406, 55407, 55408, 55409, 55410, 55411, 55412, 55413, 55414, 55415, 55416, 55417, 55418, 55419, 55420, 55421, 55422, 55423, 55424, 55425, 55426, 55427, 55428, 55429, 55430, 55431, 55432, 55433, 55434, 55435, 55436, 55437, 55438, 55439, 55440, 55441, 55442, 55443, 55444, 55445, 55446, 55447, 55448, 55449 Counties serviced include: (MN) - Hennepin, Ramsey, Dakota, Anoka, Scott, Carver, Washington, Chisago, Isanti, Wright, Sherburne Thank you for visiting and please remember to bookmark this site, Minnesota's Foreclosure/REO TEAM      Sheldon Berquist & Frank D'Angelo    VISIT US AT http://www.MNREOEXIT.com Agents seeking helping in the REO & Short Sale department can link out here

__________________________________________________________________________________________________________

Contact Frank D'Angelo, Broker, Sellers Residential Specialist. Licensed Broker in the State of Minnesota at (763) 548 1444 to list your property for sale or to purchase a property in Blaine, Fridley, Spring Lake Park, Coon Rapids, Centennial, Lino Lakes, Ham Lake, Andover, Champlin, Brooklyn Park, Minneapolis, St. Paul metro Minnesota.                           

   We Are Accepting ReferralsVisit our profile to find out more about our services. Call us today at (763) 548 1444. Contact us by email if you prefer by clicking on email me on the right side of this page under our profile.

 Forward to a Friend who can utilize this