Brainerd Lakes Real Estate News

Overpriced Homes-Sell Slower and For Less If there’s anything we can take away from the plethora of Bank Owned Foreclosures is they certainly know how to price a home to move!

I maintain that you almost always shoot yourself in the foot by overpricing your home. Your home will almost always sale at or above market value by pricing at or below market value.

So why is that? Well think back at when YOU were buying a home. Remember when a “great deal” came on the market and everybody and their agents were “swarming” to the open house? You placed your offer only to find out their were 10 other offers and they were going above the asking price? This “bargain price” created an auction affect and got people excited. THAT is how banks are pricing their homes and if you want your home to move quickly and for the most amount of money, this is a winning strategy.

So why don’t sellers do it? I think it’s because there’s a little voice inside of our head (and pocketbook) that says “what if”.

“What if”- I can get $50K over market value. (even if someone were excited enough about your home to pay $50K over appraised value, their lender won’t loan the money if the value isn’t there. No loan, no buyer)

“What if”- I don’t get multiple offers and I only get one offer (May be still overpriced!)

Often fear (and greed) hold us back from making smart choices! Don’t feel bad though, even Real Estate Agents are guilty of senselessly overpricing their homes. Somehow when it’s our turn to sell all of our “market knowledge” becomes goo and leaks out of our ears! It’s like the hairdresser with bad hair!

The bottom line is, almost always, an Over Priced House will sit on the market longer and sell for less than it should have had it been priced strategically from the beginning.

 

Copyright © 2010 By Stephen Munson,Munson RealtyPasadena|Overpriced Homes-Sell Slower and For Less*overpriced homes,overpriced house

Central Mn Vietnam War Memorial

In Eastman Park at Lake George downtown St Cloud stands the Central Minnesota Vietnam War Memorial. Carved in granite, an American soldier and South Vietnamese soldier represent the 2 countries who fought side by side during the war, and above their heads flies their countries flags.

You'll never be forgotten, carved in granite, at the feet of the the 2 soldiers. The memorial was created due to the efforts of Hoa K. Nguyen, a former South Vietnamese military officer, who wanted to honor all those who fought for South Vietnam's freedom. There were 17 men from St Cloud MN who died while serving their country in the hopes that South Vietnam would one day be free. It was Nguyen who pursued his goal to make sure that there was a fitting tribute to those men.

The memorial is a collaboration of the knowledge and work of several people. Julie Gustafson did the original sketches of the two soldiers. Jim Bestick, who served in Vietnam, helped her with the details on the uniforms and the helmets. Glen Farb, an architect, designed the base for the monument. The Monument was then carved by Kollman Monumental Works, Inc in St Cloud.

The Minnesota POW/MIA Walk of Honor around the base of the monument is made up of memorial bricks that have messages about veterans. The information I was able to find states that the Chapter 290 Vietnam Veterans of America in St. Cloud is in charge of the memorial bricks. This monument is one of very few of its kind honoring both the American Soldiers and the South Vietnamese who fought along side each other.

There are several other memorials that have been placed in the area immediatly surrounding this memorial. St Cloud honors veterans, and we would like to thank all those who serve.

 

Steve Baklaich RE/MAX Realty Source www.stcloudareahomesforsale.com 

Cell:320-260-3290 Saint Cloud Minnesota Real Estate

  

If you are relocating to central Minnesota check out all the wonderful reasons to love St Cloud. It is a wonderful area full of things to do and lots of great houses. I would welcome the opportunity to help you find your perfect place here. Visit my St Cloud real estate website for more information about buying or selling a home, or property in the central Minnesota real estate market.

 

A bit of light humor for the end of the day.   Things seam to be a bit tense so enjoy!

Bob and Fred are out in the boat fishing.  They are having a great time and the fish are biting non-stop also.

"This is the best day of fishing we have ever had", said Bob.

"It sure has, to bad we couldn't mark this spot for the next time", replied Fred.

Bob reaches into his tackle box and pulls out a big marker and puts a big 'X' on the bottom of the boat.  "There, now we will know!"

"That is the dumbest thing you have ever done", hissed Fred.    "What if we don't get the same boat next time.  Someone else will get our spot!"

 

A bit of light humor for the end of the day.   Things seam to be a bit tense so enjoy!

Bob and Fred are out in the boat fishing.  They are having a great time and the fish are biting non-stop also.

"This is the best day of fishing we have ever had", said Bob.

"It sure has, to bad we couldn't mark this spot for the next time", replied Fred.

Bob reaches into his tackle box and pulls out a big marker and puts a big 'X' on the bottom of the boat.  "There, now we will know!"

"That is the dumbest thing you have ever done", hissed Fred.    "What if we don't get the same boat next time.  Someone else will get our spot!"

 

Marketing to real estate agents is as important a task as marketing to potential buyers.  Co-broke agents are the crux of our business.  We love to see agents from near and far, and the further out they are from the better the chance of closing that buyer.  When an agent from Boston, or one of its suburbs, drives to Franklin, it's realistic to think that a reservation will follow.  Agents do not like to waste their time, nor do they like to reinvent the wheel, so when those buyer agents are coming from a distance, unless the buyer despises that property, the buyer's agent will close them. 

There are so many listing agents whose main purpose is to sell the property themselves and because of that the co operating agents are treated badly.  Phone calls are not returned and some listing agents will not accommodate that buyers' agent's requests. 

My team will extend every courtesy and cooperate to the nth degree, including showing a buyer a property without that buyers agent, if that's what they are requesting.  We have no problem with doing that.  We just want the listing to sell, and we want to represent our sellers and builders properly.  Their properties need to be promoted to everyone.  We are prepared to cooperate with every listing in our inventory.  My team members feel that a transaction with a buyers' agent is the cleanest deal. 

Open house events are provided at our new construction communities for cooperating agents.   We will invite every agent within a certain distance of Franklin.  We provide tours, food, drawings and information.  We make it known that we will accompany if desired, and we will take the time to meet with the buyer to answer any and all questions.  The buyers are not required to provide any money until a purchase and sales agreement is ready to be signed.  Reservations do not require a check, and we will not accept any money.  It's purely conversation until the buyer is comfortable.  Cooperating agents appreciate that "no gun to the head" method of selling, and those cooperating agents always come back for more.

                

             

                        

  www.franklinmahomesales.com