Hot Property (Really!)

Want a Deal? How about *82% off?Where: 22xx Vincent Ave. North; MinneapolisHow much: $42,500Key Stats: 4BR/2BA; 1,363 FSFLast sale*: $240,000 (6/2006)Tax assessed value: $165,000 No, it’s not in Edina or Wayzata. And, yes, it’s a foreclosure, with all the headaches that can be involved (including less than pristine condition). However, this brick-and-stone rambler is just...
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Spotlight on Value: 2905 Benton Blvd.

Where: 2905 Benton Blvd, MinneapolisHow much: $739,900Tax value (’09): $849,900Original asking price: $925,000Originally on market: 4/28/09 One year ago, this home likely would have fetched in the mid-$800’s (I should know: I sold a very similar home, with fewer updates and farther from the lakes, for $790,000). Fortunately for my Seller, at the time Benton...
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Foreclosure Headache #7 (and #9, #17, #22, etc.)

Lack of Standardized ContractsCreates Foreclosure Can of Worms From a realtor’s perspective, representing a Buyer trying to purchase a foreclosure can present an endless can of worms. For starters, there’s the issue of the house’s condition. What is it? Unlike a typical owner-occupied home, there are no disclosures, and the Buyer usually must agree to...
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Deal . . or No Deal?

Another Steep Discount From Listing Price If you have to sell Christmas week in what is already a soft market . . . you may not like the price. This is the second instance I’ve seen of a property sold then accepting a very deep discount from the most recent list price. The home is...
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List Price Discounts

Sold Price $135k below List? Ouch! One of the characteristics of a Buyer’s market is Buyers wresting steep discounts from the Seller’s asking price. Even so, a $135k discount — from an already reduced $800k asking price — stands out for sheer magnitude (note: to see the unabridged report, go to “display” in the lower...
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