Edina Realty – Aaron Dickinson
Minneapolis/St. Paul Real Estate Agent
Minneapolis/St. Paul Foreclosures and Short Sales
November 10th, 2008
The time seems to be flying as it seem like the last 3 months have gone by so quickly. For the last few weeks, Jeff Allen & I have been putting the final touches on the 3rd Quarter update to our report on Foreclosure and Short Sale activity in the Greater Minneapolis/St. Paul Region. We’ve revised the methodology to account for a new field our MLS recently added that discloses SOME of the properties that are either a foreclosure and short sale. We also found some additional terms that agents have been using to describe their listings as being Lender Mediated.
A phenomenon that has also been picking up in the last few months is the usage of “not a foreclosure,” “not a short sale” and others. It seems that many agents and/or their sellers have come to feel that it is important to note that their properties that are not in a distressed sales situation. In a market where many foreclosures are in horrible condition and a short sale can take 2 weeks to 4 months to negotiate (and only maybe successfully) I would agree that in many cases it is good to distance your property from that market if there’s any chance of misperception. In this quarter’s report we’ve made sure to exclude properties that are listed with those terms.
Posted in Foreclosures & Short Sales, Info for Buyers, Info for Sellers, Market Stats | Comments (0)
Categories
- Community Issues
- Foreclosures & Short Sales
- General
- Info for Buyers
- Info for Sellers
- Market Stats
- Mortgage Market
- New Construction
- New Listings
- Opinion
- Personal Experiences
Archives
- May 2010
- June 2009
- April 2009
- March 2009
- February 2009
- January 2009
- December 2008
- November 2008
- October 2008
- September 2008
- August 2008
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
- February 2008
- January 2008
- December 2007
- November 2007
- October 2007
- September 2007
- August 2007
- July 2007
- June 2007
- May 2007
- April 2007
- March 2007
- February 2007
- January 2007
- December 2006
- November 2006
- October 2006
- September 2006
- August 2006
- July 2006
- June 2006
- May 2006
- April 2006
- March 2006
- February 2006
- January 2006
- December 2005
- November 2005
- October 2005
- September 2005
- August 2005
- July 2005
- June 2005
- May 2005
- April 2005
- February 2005
- January 2005
- December 2004
- November 2004
- October 2004
- September 2004
- August 2004
- July 2004
- June 2004
- May 2004
- April 2004
- March 2004
- February 2004
- January 2004
Edina Realty
612-605-2252
Aaron DickinsonLicensed in MN
Search the Blog
Search Homes for Sale
