steve_m_albers

Sure, I'm a bit biased. I was born in Minnesota. I grew up in Orono, MN, a small community 20 minutes west of the Twin Cities. Most of my family and friends live in Minnesota, as well. Nonetheless, I have had the opportunity to live and experience a few other well know, and not so well know, places too. Namely, Lansdale, PA located just outside of Philly. And, Trumbull, CT, a short train ride away from New York city. Chicago, IL, Lincoln Park and Bucktown to be specific. Boulder, CO, short but sweet!

I hope you enjoy the video message reviewing the latest real estate trends within the Twin Cities Market. Where do you think our market is heading?

As always, please call with any thoughts and questions you may have. I am here as a resource to you and yours.

Kindest Regards,

Steve M. Albers, REALTOR®, ABR®, CDPE©
Stephenson & Albers Real Estate Team
RE/MAX Results
(763) 229-9067 Mobile
steve@stevealbers.com

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This video demonstrates a unique method in which home owners can sell their home. The fact is there are many methods. One must be willing to think out of the box. Real Estate Investors have been finding creative ways in which to structure real estate deals for many years. Contract for deeds, property exchanges, property exchanges with cash or other personal property, investor financing, the list goes on. To learn more, give me a call. I’m more than happy to listen to your goals and objectives so tha

Stephenson & Albers Real Estate Team of RE/MAX Results
Jeff Stephenson & Steve Albers are both Certified Distressed Property Experts. They have a professional negotiating team on staff to ensure a seamless system, while expediting bank approvals. Furthermore they will have available to you, at no charge, a credit restoration program.

7 out of 10 homeowners in foreclosure proceed without the assistance or advice of qualified real estate professionals. If you or someone you know is among millions of pe

Twitter Search is a powerful tool that may be used for both business and personal growth. Watch and learn. Let me know what you think.

Kindest Regards,

Steve M. Albers, REALTOR®, ABR®, CDPE©
Stephenson & Albers
Real Estate Team
RE/MAX Results
(763) 229-9067 Mobile
steve@stevealbers.com
www.avenuesandacres.com
My Blog www.stevealbers.com

Follow me on Twitter! http://twitter.com/steve_m_albers

Posted in Minnesota Real Estate

The purpose of this post is to help Sellers better understand how the expiration of the Home Buyer tax credit can impact the sale of their home or investment property. By default, Buyers will do well by also reading this post.

The Home Buyer Tax Credit ends on November 30, 2009. This factor alone will negatively impact the demand for your home. Further, the mere existence of the Tax Credit constitutes a market in and of itself.  This sub-market, if you will, has had and will have many impacts, positive and negative, on the overall real estate market. There are two I believe to be most impactful. 

One, some buyers, without the availability of the home buyer tax credit, would not be buying, period.  Statistics say, 350,000 closed transactions in 2009 are a direct result of the Home Buyer tax credit. Two, seasonally the real estate market is at a close (Minnesota). However, it has been temporarily extended thanks to this Government program. Nonetheless, make no mistake, in 30 days, the overall seasonal market will most certainly resemble that of historically slowing sales.

So, please review the Top 10 list below.  If you find yourself saying, "Hey, I know someone in this situation" (maybe you!), have them contact me. I can help.  steve@stevealbers.com  Mobile: (763) 229-9067

 

Top 10
1.  Once a purchase agreement is signed, it will take 30 to 45 days, or more, to close the transaction. What this means to you is Buyers have no more than 30 days to find a home, negotiate, and close. Again, it is said 350,000 transactions nationally are a direct result of this Buyer incentive program. There is no doubt demand will dramatically subside upon expiration.

2.  Short Sales and Foreclosures account for more than 40% of the transactions in our Twin Cities market. These transactions are less likely to close. If they do, 45 days is a very optimistic time frame. If you are a Seller of a lender mediated property, be sure your Agent knows how to manage these com

After extensive training with the Distressed Property Institute, in addition to, every day experience helping my clients who have found themselves in a short sale situation, it is natural for me to assume the general public are familiar with the definition of a short sale. Sure, my clients clearly understand the definition of a short sale. As a Certified Distressed Property Expert (CDPE© ), I recognize how important it is to explain to them what a short sale is and how the process works. However, when speaking with friends, family, and, yes, even professionals within my industry, I have discovered that the definition of a short sale and the path to resolution is far from obvious to them, nor should it be. You see, only a few years ago the term short sale didn’t even exist! Heck, look up short sale in the 2009 edition of the Merriam-Webster dictionary.
It’s not in there!




The market is very different now as compared to just a few years ago. As a result, short sales are a very real part of our real estate market. As a matter of fact, according to the Minneapolis Area Association of Realtors, 43.6% of the most recently recorded pending sales were lender mediated transactions, i.e., Short Sales and Foreclosures. Although this may be a daunting statistic, revised lender processes and qualified real estate agents (CDPE’s), are helping to manage this inventory.



Ok, so what is a short sale you ask. A short sale is a sale of real estate in which the proceeds from the sale fall short of the balance owed on a loan secured by the property sold. A short sale can be an excellent solution for homeowners who must sell and owe more on their homes than they are worth. Unfortunately, a number of myths about short sales have developed, and it is important to understand the reality of this process should you find it meets your current needs. Even Wikipedia shares inaccurate information when it comes to the length of time a short sale remains on one’s credit history. Alth