The MLS in Shakopee is loaded and I mean loaded with short sales of every kind. Townhomes for sale, acreage properties, single family homes; you name it. I think much of this is due to when the city of Shakopee developed. A lot of the building came between the early to mid 2000’s when Shakopee real estate was at the height of the boom. Prices have significantly fallen and now many short sales and foreclosures are a result.
Why Buy a Short Sale?
The quick answer, Deals! Short sales are progressing quickly than in the past, but still sloooowly. The most frustrating part of a short sale is that you have no idea or when you can close. Typically short sales in Shakopee can take a minimum of about 45 days, but can drag on for months. Sometimes even close to one year. On the night side buyer typically can get some fabulous deals on properties that are being sold this way. There typically is less demand due to the wait so unlike foreclosures for sale, less chances of multiple offers.
Short Sale Homes in Shakopee For Sale
Below is a list of properties currently on the market. Unfortunately there is no way with the current IDX to differentiate the homes for sale that have offers pending bank approval so if you would like email me at TomScott@Remax.net and I can shoot you over an updated list of homes or townhomes: