It’s a poorly kept secret that the Twin Cities real estate market has been affected by the recent economic downturn, and Shakopee home prices are not an exception to this. Even though Shakopee home prices have not been impacted nearly as hard as other metro areas, there is still a broad inventory of Shakopee foreclosures for sale on the regional MLS. The good news from all of this is that Shakopee foreclosures offer prices on homes in many cases that are significantly less than what the homeowner paid for it just three or four years ago. As a result, the Shakopee real estate market is presenting home buyers with conditions that are sharply tilted in their favor. Shakopee foreclosures are creating the best home buyers market you may ever see in your lifetime.
Browse some Shakopee foreclosed properties posted to the MLS within the past two weeks:
Display all Shakopee foreclosed homes (bank-owned) currently available on the regional MLS/IDX.
Time to Invest in Foreclosed Shakopee Homes
Another piece of good news is that homes in Shakopee hold their value appreciate well over the long haul, and are still one of the best long-term investments you can make. If you pick up one of these Shakopee foreclosures at today’s prices and hang on to it, you should come out ahead. Scott County is one of the fastest growing areas in the state, and Shakopee is anticipated to see the lion’s share of this growth. Why? Highway improvements continue to make this southern metro Minneapolis suburb more accessible than ever, and quality schools, parks, top-notch municipal services, and recreational opportunities support a high quality of life. In addition, Shakopee MN enjoys an abundance of major retail venues that include Cub Foods, Target, Kohls, Walmart, Sam’s Club, Lowes, Home Depot, and many, many more. There is nice selection of fine restaurants like Dangerfields, a multi-screen theater and so many other important amenities that it is hardly necessary for residents to cross the Minnesota River to find the things they need. No one has a crystal ball that can predict how much homes can appreciate, but the smart money is on Shakopee real estate.
Savvy real estate investors are acutely aware of market conditions, especially price, the supply of Shakopee foreclosures, low interest rates, and potential for future resale. They are starting to scoop up foreclosed Shakopee homes at a good stiff clip, knowing that they can use them for positive cash flow now and for capital gains in the future. First-time home buyers are also taking advantage of the affordable supply of Shakopee foreclosures because they realize that the prices of Shakopee homes will go up as the inventory of foreclosed Shakopee homes dwindles, the prices go up. Many who are indecisive will miss out, and may be locked into a rental situations for a long, long time.
Buying Shakopee Foreclosures
If you are looking to purchase Shakopee foreclosures or other distressed properties, call me for a free consultation. As a long time resident, REALTOR, and foreclosures expert, I know the market trends, neighborhood resale histories, and even the lenders who currently own these properties. I also understand construction techniques and issues that may affect your enjoyment of your purchase The purchase of a Shakopee foreclosure requires a transaction process that is quite different than traditional real estate purchases, and because each situation is unique and every lender is different, every transaction is unique. Also, I know how to negotiate with the lenders and can represent your interests by ensuring that you understand the process and what it takes to compose a winning offer on your terms.
Your REALTOR for Foreclosed Shakopee Homes
My goal as your Shakopee foreclosures expert is help you buy the best property at the best value, under terms of a contract that favor your interests. Also, I often am aware of properties that are facing foreclosure but have not yet reached the MLS.
Call me for a no-hassle consultation at 612.384.2178. If I can serve you in any way, please let me know. I am here to help.
Main photo by Alexius
Real Estate Photography on top of page by ReeseImaging.com