New Shakopee Home For Sale MLS 4128583

529 3rd Ave E Shakopee homes mls 4128583
MLS 4128583 Shakopee Listing

529 3rd Avenue East, Shakopee Minnesota

This cute as a button Shakopee home has great curb appeal! One of the nicest Shakopee homes for sale in its price range this house has 3 bedrooms and 2 bathrooms. One of the nicest features of this one and a half story home is the huge garage space. Although listed as a two car garage this easily has the space of many three car garages around. Updated 1 1/2 story home with HUGE garage and fenced yard. 3 season porch to enjoy, hardwood floors, Anderson windows, vinyl siding, newer roof and more!

Video For 529 3rd Ave E. Shakopee, MN

 

Shakopee Realtor Showing Information For 529 3rd Ave E Shakopee

If you would like to set up a private showing on this home, or would like to inquire about the next open house on this property, contact Shakopee real estate agent Tom Scott of Re/Max Advantage Plus and the Twin City Real Estate Team. You can reach us at 612-384-2178 or email for a quick response at TomScott@Remax.net. Thank you for checking out our Shakopee home for sale at 529 3rd Avenue East, Shakopee Minnesota.

 

 

Shakopee Homes for Sale

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If you are thinking about shopping for Shakopee homes, your timing is perfect? Why? Real estate prices are still low, but things are heating up. Multiple offers on Shakopee homes for sale are becoming commonplace. The MLS inventory of houses still offers selection, but that inventory is beginning to shrink. As a result, buyer demand is starting to increase, and prices are going up. Every type of home in all price ranges in Shakopee MN is selling.

Here are Shakopee MN real estate listings that were posted to the MLS/IDX within the last 10 days:

View ALL available homes in Shakopee.

Shakopee Homes are Easy to Finance!

Mortgage rates are low, and right now some fabulous financing programs are available, most notably the Scott County CDA downpayment assistance program. Many Shakopee home buyers are financing with the minimal down FHA 3.5% programs. Many banks will also pay 3% of the buyer closing costs. There is even a helpful conventional program where you can put down only 5-10% and still avoid the added monthly costs mortgage insurance , saving you hundreds of dollars per month. There is an upfront mortgage insurance cost, but if you stay in your home more than three years, you will recover the cost. This is a popular way to finance the purchase of Shakopee homes.

New Homes in Shakopee for Sale

Shakopee’s premier home builder is F&B construction, a custom home builder in Shakopee, with a 40 year old reputation for building quality custom homes. Currently they are building in the Spring Lake Estate developments in Prior Lake but can build anywhere. They are planning on building more Shakopee homes on eight lots, three of which will back up to Stonebrooke golf course. If you are thinking about buying a new home in Shakopee, this is a good time to get started because lot prices are bound to go skyward as the population of Scott County continues to grow.

Shakopee Homes Hold Value

Shakopee homes hold their value over the long term, thanks to the high quality of life offered by this well-run community. Citizens and community leaders are resolute about encouraging job-creating business to move here without compromising the natural beauty of this area. There are already a number of start-ups and major corporations operating in Shakopee.

Shakopee offers top-notch municipal amenities, major shopping, good schools and major entertainment venues such as Canterbury Park and Valley Fair. Shakopee MN homes offer far more value than properties north of the Minnesota River in Chanhassen and Eden Prairie. Unless you commute to work on the north side of the river, there are so many new amenities south of the river that you will find that you rarely have to cross the river to find what you are looking for. Shakopee homes offer a convenient location and appreciation over the long term.

Luxury Homes in Shakopee, Minnesota

You don’t need to cross the river to find fine upscale homes; there are some great luxury Shakopee homes for sale right here, especially in Valley Creek Crossing The Valley Creek Crossing neighborhood was built by about twelve quality builders including Lennar, and rigorous architectural standards, including a requirement for natural materials on the front of the house. This is a neighborhood with an aesthetically pleasing mix of a variety of styles which stands in stark contrast to many other developments that offer cookie-cutter designs, meaning that all of the houses look the same. Careful planning and thoughtful architectural standards insure that the property value of Shakopee homes in Valley Creek Crossing is protected.

Glacier Estates is another prominent neighborhood of luxury Shakopee homes built by Ryland, a local builder of note. Glacier Estates is strategically located between County Rd 18, Eagle Creek Boulevard, the new Highway 21, and affords easy access to MN 169. This is an especially convenient location because it is just a “stone’s throw” from big-box stores, including Best Buy, Sam’s Club, Walmart, and a number of other major retail venues.

Savannah Oaks is another gorgeous neighborhood of Shakopee homes in the Southbridge area. Savannah Oaks homes are mostly two story homes with brick fronts that were built by DR Horton. A number of Savannah Oaks homes have been foreclosed and some are in potential short-sale listings, meaning that they are already priced to sell. Shakopee homes in Savanna Oaks are expected to hold value well, thanks to the convenient location and the quality craftsmanship that DR Horton is known for.

Shakopee Homes are Affordable

Park Meadows is a Centex-built neighborhood of single family neighborhood of two-story homes with about 2400 to 3500 square feet above grade. This is a great place to grow your family, and there is a twelve acre park that is being finished up.


Townhomes in Shakopee

There are a number of good neighborhoods of Shakopee townhomes with excellent purchase opportunities, and you could hardly go wrong on any of them. There are single level detached townhomes, townhomes with all living facilities on one level, as well as twin homes and side-by side styles. One neighborhood of Shakopee townhomes that are especially hot sellers right now are found in Deans Lake development by Lowe’s and CSV Pharmacy. All of these townhomes were built by Ryland, including three distinct floor plans. There are also detached townhomes in the neighborhood that are selling at half of the price they were built for. Judging by the way the Shakopee townhome market is heating up, these prices won’t last very long.
Foreclosed Shakopee Homes
Shakopee home foreclosures are offering home buyers unprecedented opportunities to find affordable homes at prices that are decidedly in their favor. Short sales listings are also in abundant supply, and about 60-65% of all of the real estate are either foreclosed properties or short sale situations.

Your Shakopee Real Estate Agent

If you are considering the purchase of a Shakopee home, call me first. I grew up in this area, and my wife and I both work here. I have been licensed since 2001, hold my broker license, and kow the area better than alsmost everyone. My mission as your REALTOR is to help you find the best Shakopee homes that most closely meets your needs. I think I am also a very patient person and am not pushy when it comes to buying or selling. I want you to be as happy about living here as I am. Who knows? We might be neighbors!

Shakopee Foreclosed Homes

stock photo for shakopee home foreclosures page

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
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Real Estate Photography on top of page by ReeseImaging.com

Shakopee Townhome Short Sales

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Shakopee townhome developments comprise an enormous segment of the Shakopee real estate market, and the MLS inventory is brimming with Shakopee townhome short sales listings.

Check out short sale Shakopee townhome listings for sale on the MLS/IDX system:

Bookmark this link for ALL townhomes in Shakopee listed as “short sales.”
 

Why Are There So Many Shakopee Townhome Short Sales?

There are few townhouses that were built more than 20 years ago, and the bulk of them were built in the early 2000’s at a time when townhome prices were soaring and unsound lending practices were rampant. Many townhomes were purchased with risky mortgage products such as interest only ARMs. Also, many of these homes were purchased with little or no money down, and seller contributions toward buyer closing costs were commonplace, meaning that many townhome owners were actually buying themselves into negative equity situations right at closing. Shakopee townhomes seemed to be going up everywhere, and soon it became apparent that these types of homes were overbuilt. Then the economic downturn came, ARM mortages were adjusted upwards, and prices fell. Credit and underwriting tightened up, making it harder for buyers to purchase. Non-stop “the sky is falling” media reports about the real estate market eroded buyer confidence. All of this was the perfect recipe for creating the inventory of Shakopee townhome short sales listings that we see today.

Time to Purchase Shakopee Townhome Short Sales

Fast-forward to the future: The economy recovers, and the population of Shakopee continues to grow. In fact, Scott County is the fastest growing county in the state of Minnesota, and it doesn’t take a real estate guru to tell you that increased population means increased demand, and prices stabilize and begin to climb. It is axiomatic that if you want to make profits in real estate, buy property where the people will be. Inventory of Shakopee townhome short sales and foreclosure listings begins to decline, placing yet another upward pressure on prices. Interest rates begin to go back up and buyers who were “sitting on the fence” start to get nervous, so they jump off the fence and buy.

Timing is important too. Warren Buffett and Donald Trump are both telling us that the time to buy real estate right now. Warren Buffet claims that he finds the most opportunity “when there is blood in the streets.” If you have been thinking of shopping for Shakopee townhome short sale listings, don’t make the classic investor’s mistake of waiting until prices go up. Also, don’t make the classic borrower’s mistake of waiting until prices go up. Owners of Shakopee short sale townhome listings have taken a beating from market conditions, but if you are a home buyer, your stock is rising. Shakopee townhome short sales are presenting you with a buying opportunity of a lifetime!

Short Sale Townhomes in Shakopee for Sale

If you are looking for a Shakopee MN townhouse, the selection is broad and prices are great. According to the Northstar Regional MLS at the time of this post, there were a total of 37 Shakopee short sale townhome listings, with prices running the gamut from $64,900 to $270K, at an average list price of $121,000 and an average finished square footage of 1640 sq ft. That’s a lot of home for the money. In fact, you can find detached Shakopee townhomes in Southbridge offering 1800+ square feet of living space for only 110K, and side-by-side 3 br townhouses offering 1576 square feet and priced in the 90’s The best part about it is that most of these townhouses are in mint condition, in spite of their distressed status. On the west end of town near Tahpah park, you can find sharp BrightKeys-built side-by-side townhomes in Stone Meadows boasting low HOPA fees of $110 per month that include everthing. And if you really want to ride the demographic wave of baby boomers with bad knees that are close to retirement age, an all-one-level Pulte Built townhome with a Great Room, spacious, sunny kitchen, sun room, main floor laundry room, and attached garages can be found right across the street from the BrightKeys development, priced in the mere $130’s!

Some sterling examples of the tremendous deals on Shakopee town short sales you can find are some classy detached two story townhomes in Dean Lakes addition with a traditional look, five bedrooms, four baths, granite countertops, stainless steel appliances, extra large cabinets, maple flooring, gas fireplace, master bath with whirlpool tub, and many other upgrades and special touches.

It’s All Good!

It’s all here, and it’s all yours at an incredible price, with financing available at historically low interest rates. Whatever you are looking for, you will find it in Shakopee, and some of the real estate deals right now are Shakopee townhome short sales. Contact your Shakopee short sales expert now for more comprehensive information.

Shakopee Short Sales: Bonanza for Home Buyers

representative of shakopee short sales

Bam! Bam! Bam!

Did you hear that?

That’s the sound of opportunity knocking!  Today’s Shakopee real estate market is presenting you with unprecedented purchase opportunities, and Shakopee short sales are holding a window of opportunity open for home buyers. Many of these Shakopee short sales listings are priced tens to hundreds of thousands of dollars less than what the current home owners paid for them just a few years ago.

Here are some Shakopee MN short sales listings that were posted on the MLS/IDX within the last 30 days:


 

Here is a link that will display ALL Shakopee Short Sales, according to the MLS/IDX system.

 

Buying Shakopee Short Sales: A Window of Opportunity

But don’t expect this window of opportunity to stay open forever. Interest rates right now are at historic lows, and can only go up, and the economy will eventually make a full recovery, and homebuyer confidence and demand will soar once again.  As the supply of Shakopee short sales inventory declines, prices can only go up.

By definition, Shakopee short sales are “short” because proceeds of the sale are less than the current balance of the mortgage on the subject property.  This means that banks will need to “eat” the difference in the form of a loss.  Obviously this loss is your gain!

Do lenders really do this, and why would they do it? Yes!  Lenders do not want to accumulate any more REO inventory; they know from experience that if the property goes into foreclosure, they will incur many more expenses and take a much larger loss.  Lenders are becoming more realistic  than ever, and are willing to negotiate.

If you are shopping for Shakopee short sales, there are a few things you should know.  That property that you see listed as a “short sale” might not really be for sale because the lender might not be willing to approve of an offer at list price.  A Shakopee short sales expert can help you uncover information about this aspect of the sale.  Also, it is possible for your offer to get “bumped” and frequently it can take a long time for offers to be accepted.  Multiple offers are often placed on these properties.  Also, these properties cannot be purchased for pennies on the dollar as some late-night TV infomercials may suggest; however a professional Shakopee short sales expert with experience, finesse, and acumen can still help you get a great bargain by guiding you through the process, providing a realistic, objective view of the transaction, and negotiating with the lender.  I can cut through the layers of red tape and help ensure that the entire transaction proceeds smoothly to closing.

Call me for a free consultation at 612.384.2170. Benefit from my years of experience with Shakopee short sales, my negotiation skills, and the five-star client service that I provide.  I am here to help!

Shakopee Short Sales: Help for Homeowners

If you are “upside down” on your mortgage, you are in good company. Many Shakopee homeowners in the same situation due to unforseen circumstances like loss of job or business, or even from balloon financing or other types of mortgages that demand an increase in monthly payments that cannot be met by the homeowner.  The “strategic foreclosure” approach to this problem is tempting to many sellers in this situation; however, it is important to realize that this idea is hardly “strategic” at all.  Foreclosures have untoward long-term consequences.  However, many Shakopee home owners have found that a successful short sale of the property is the best possible solution.

Common Myths About Shakopee Short Sales

Unfortunately, the “strategic foreclosure” is just one of a number of myths that some home owners have accepted.  Here are a few others:

Myth: I have to be delinquent on my monthly mortgage payments.
Fact: Lenders often consider hardship situations or conditions that ensure an upcoming shortfall.  If you are distressed by your current mortgage payments on your Shakopee home, contact your lender immediately to discuss the situation.

Myth: Banks will just let the property go into foreclosure.
Fact: Foreclosures are lengthy and expensive, and the lender will lose large amounts of money.  Lenders would rather see a short sale on  your Shakopee property before accepting more REO inventory.  As a result, they will go to great lengths to avoid the foreclosure process on your Shakopee home.

Myth:  There is not enough time for me to complete a short sale on my Shakopee property.
Fact:  Frequently, lenders will push the foreclosure deadlines back if they believe you are making reasonable efforts to sell your house. As a Shakopee short sales expert, I have been frequently been contacted by lenders who want to know the details about how your property is listed and marketed.

Myth:  Shakopee short sales rarely get approved.
Fact:  If you disclose everything about your situation to your REALTOR, the Realtor practices due diligence and knows how to communicate with the lender, and knows how to handle the details, your short sale will most likely be approved.

Myth: If I do a short sale, I will have to pay back the the difference between the proceeds and the balance of the mortgage.
Fact:  This rarely happens.  You will want a written guarantee from the lender stating that the balance has been forgiven.  Also, you should talk to your tax adviser about the tax consequences of the forgiven debt.

Myth: Listing my home as a short sale will be an embarrassment to me.
Fact: Hardly! nAny stigma attached to short sales has completely disappeared. More people are in your situation than you can possibly imagine.  However, long-term affects of foreclosure on your credit rating will follow you for a long, long time.

Help With Buying Short Sales Listings in Shakopee

Do you have any questions about listing your home as a Shakopee short sale?  Please call me for a confidential consultation at 612.384.2178.  Don’t let a foreclosure turn your life upside down.hakopee short sales.

Scott County and Shakopee Taxes and Home Values

Shakopee Minnesota | Scott County Taxes

Wondering how your Shakopee taxes are calculated every year. Here is a quick video that explains how. Remember that is does take a while for Scott county taxes and Shakopee tax values to come down. Just because you bough a Shakopee foreclosure home for sale cheap in 2012 does not mean your tax value will drop to the purchase price the folowing year.  Scott County and Shakopee taxes are calculated based on sales from two years previous. So you taxes you are paying in 2012 is based off of the sales prices of Shakopee homes that sold in 2010. Click the hyperlink for more Scott County tax information.

First Time Buyer Seminar

Thinking of buying your first home. We will be offering a first time buyer seminar March 15th from 6-8pm at 1228 East Vierling Drive, Shakopee. This is the Re/Max Advantage Plus office in Shakopee and we will have a loan officer on hand to answer any financing questions.

Click here to register

One Level Shakopee MN Townhomes For Sale

The Shakopee real estate market has built up quite an inventory of Shakopee townhomes for sale. Shakopee MN townhomes main consist of multi level townhomes with a limited amount of one level townhomes. If you take a look at the Shakopee townhomes that have one level starting on the west side of town by Tahpah Park you have in my opinion one of the best Shakopee townhome developments, Stone Meadow.

Stone Meadows Townhomes in Shakopee

One Level Shakopee MN townhomes for saleThe Stone Meadow one level townhomes in Shakopee consist of what I would say about 100-120 townhomes. Most are slab on grade, but about 20 or so have basements are those tend to rarely come on the market. I do know of one person that would consider selling, but just does not want to list their Shakopee townhome at this time. If you are interested, give me a call and we can set up what is called a “one time showing contract” The Stone Meadow townhomes with basements also include everything on the main level and all townhomes in this development are handicap accessible. That includes doorways, bathrooms and not even one stair on the outside as I know this can be hard for those in a wheelchair. This development is run so well and recently all the townhomes had their roofs replaced off an insurance claim. Originally these townhomes were built by Pulte Homes which has now merged with Centex Homes. There are three floor plans in this development, all two bedroom 2 bathroom townhomes units with the exception of the Shakopee townhomes with basements. size generally ranges from 1300-1600 sqft est and the townhomes with basements can push 3000 sqft. You do not have anyone behind you in any of these units, just neighbors on each side. Each unit also has a nice sized patio.

One Level Townhomes With Assistance

Just to the North of the Stone Meadows neighborhood there is a little Shakopee MN  development where a little farm used to be and across the street from a church. There are only about 30-40 townhomes in this development and a few different floor plans pretty open, but the bedrooms can get a little more tight in these units. There are no basements in these units and the size is usually 1300-1400 sqft with 2 bedrooms and two bathrooms.

Link Built Shakopee Townhomes With Basements

Just off of highway 169 and Marystown Road is a development by a good quality Shakopee builder, Link Construction. With only one street, Quincy Circle lays about 24 Shakopee twinhomes. The one level Shakopee twinhomes are quality in and out and ranks as some of the best built Shakopee townhomes out there. Stucco exteriors, concrete driveways, Anderson windows and custom cabinets set these apart. Although some insides are similar, Link allowed many builder more of a custom experience and owners were able to make there more of there own. You do not have anyone behind you in these units, just neighbors on each side Most of these Shakopee twinhomes do have basements and with that finished top out around 3200 sqft.

Golf Course Town Homes in Shakopee

Stonebrooke golf course in Shakopee also has some nice one level townhomes which do not come n the market very often either. It has been years since I have seen one pop on. You do not have anyone behind you in these units, just neighbors on each side.

Affordable Town houses in Shakopee

Countryside a Town and Country development of 500+ townhomes, mostly multi level townhomes for sale has a few different level level floor plans, however in this case you may either be on the entire top level or the entire lower level. In both case not only are you connected to your neighbor(s) on the side, but you would also have someone living above you or below you. These are probably the most cost efficient Shakopee one level townhomes for sale and there always tends to be a few to look at. Some offer only a one car garage, but others offer a two car garage. Sqft is usually in the 1000 sqft range and  the townhomes typically have two bedrooms and two bathrooms. The Countryside neighborhood is located just to the west of Marschall Rd off of 17th Avenue and extends to Spencer. Right now you could probably pick up a Shakopee townhome in like this for under 100k.

Not Quite One Level Townhomes, but Close

If head a bit further down 17th Ave and turn on Dublin just after the Target there is a development of Shakopee townhomes for sale built by MW Johnson. These townhowns are a bit quirky as they are not true one level townhomes. You would have only one of two steps in between the kitchen/dining area and the family room. There is a bedroom, bathroom and laundry all on those two levels, but the “real” master bedroom is upstairs along with another bedroom and bathroom. The middle units are no different than the end units, the end units just have an extra window. I like the layout of these though as they remind me a lot of a single family home. You do not have anyone behind you in these units, just neighbors on each side.

Gene Jergens Built One Level Shakopee MN Townhouses

Along Vierling Drive in Shakopee are a long row of one level townhomes that were built by Gene Jergens. These are great one level Shakopee townhomes, however the biggest downside is that they back up to highway 169. Most are 2 bedrooms and 2 bathrooms and currently only one is listed in the upper 150’s.

That about does it for all Shakopee one level townhomes all Shakopee townhomes for sale South of 10th Street. Now moving to the North side of 10th a few more quality townhomes surface.

One Level Walkout Townhomes With Basements

Gene Jergens, a quality Shakopee builder has built quite a few Shakopee townhomes and twinhomes off of Eastway, Woodland Trail, Woodland Ct etc and like the Link Construction townhomes on Quincy these are all stucco and all have custom materials inside. Gene Jergens definitely knows how to build a house well. These Shakopee townhomes are located near Canterbury Park in Shakopee, but some have nice park like settings in the backyard and many a walkout units with finished basement. I think these are some of the nicer one level townhomes in Shakopee, but on the more expensive side

Near the old Pearson Elementary school there are a few Shakopee one level twinhomes, however unless altered these twinhomes do not have laundry on the main level. They were built in the 80’s and again are more like a single family home. The positive is there are no assn dues so your payments can so LOW. Street like Eastway have these Shakopee townhoems for sale and typically they are selling around the 95-125k price range.

Detached Townhomes By Lowes in Shakopee

Moving Eastward toward Lowes area set of unique Shakopee townhomes as they are detached. These Shakopee townhoems were built by Ryland homes around 2005-2008ish and feature basements. One unique features to these townhomes is that you belong to an assn that has an included pool in the dues. Enjoy those three-four months of sunshine we get!

Laurent Townhomes in Shakopee MN Off Vierling Drive

Laurnet built a small number of townhome in Shakopee, all of which are somewhat plain on the outside, but nice on the inside. They offer a good amount of sqft for the price and have basements which are a huge plus. I am not aware of any with walkout basements.

I may potentially missed a few developments and some intentianally as there as so few Shakopee townhomes that they are not worth bring up in detail. Scattered throughout town there are many one level Shakopee townhomes or twinhomes in which they might be sandwiched in a single family neighborhood. I know there was one on Hennes recently for sale as well as some that sold on Austin Ct.

Local Shakopee Real Estate Agent

Being one of the local Shakopee real estate agents in town, I do know a lot about the area. I grew up in Shakopee and currently reside here. My mother  lived in the Stone Meadow Townhome development and I have gotten to know many of the neighbors there. Hope you found this blog helpful and contact me if I may be of any assistance. Call me at 612-384-2178 for detailed information.

 

 

 

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Shakopee Realtor Market Update January 2012

Shakopee RealtorsShakopee Homes For Sale Down

Just shooting out a prospective of the past months Shakopee real estate market from a Shakopee Realtors prospective.  The real estate market has been a bit odd lately. Not many homes coming on the market, everyone telling us, “just wait, the foreclosure flood gates will open soon with more inventory” and the Shakopee homes for sale out there that a decent get snapped up in multiple offer situations after a week. A few things that have been frustrating for buyers in their current real estate market is 1) the lack of Shakopee mls listings 2) the banks sitting on offers even if you submit an offer the first hour it is listed, as it seems they are waiting for multiple offers 3) many of the “active” mls listing, aren’t so “active”, they are SOLD, sold subject to bank approval that is. Yes, many shakopee mls listings that are coming up as active listing do have offers. The reason this comes about is due to the banks requiring that the listing Realtors deem the property still active to show, because they want back up offers.

Shakopee Realtors Market Outlook 2012

Shakopee Realtors have been recently seeing inventory decrease which is a positive sign for those selling their homes. As we see inventory fall and demand stay high, typically that allows home values to rise.  I can’t remember where I read a recent real estate article that indicated the Minneapolis real estate market would see an increase in values of around 8% this year. Great news for sellers, but I would be cautiously optimistic. As a Shakopee realtor, I do feel we will see values increase this year, but slowly and depending on how that foreclosure inventory is released will also have an effect on values. If the banks just release everything at once, values are almost certain to drop if there are not enough buyers and inventory will sit stagnant until demand is there. If the banks hold onto the inventory like they have been and slowly release a few properties at a time I think inventory will remain lower and the new properties will get gobbled up quickly by hungry buyers anticipating a good deal. People thrive on competition and we are definitely seeing that with increased offers and multiple offer scenarios now.

With a good Shakopee school district I think you will see the real estate market here in Shakopee substaintially grow over the next 10 years. As a Shakopee Realtor and resident with a wife in the

 

Short Sale vs Foreclosure

Short Sale vs Foreclosure

Short Sale vs Foreclosure RealtorsMany financially troubled homeowners are aware that foreclosure is a lengthy process and many have questions about short vs foreclosure. This was sent from an attorney, Bradley Kirscher, who specializes in short vs foreclosure. 2012 is the end of the Mortgage Forgiveness Debt Relief Act of 2007 and many are curious what ramifications there are with a Short Sale vs Foreclosure.  Some have heard stories about people living in their home for years without making a payment because their lender was overburdened with defaulted loans and foreclosures.  Those stories may convince them that their best choice is to remain in their home without paying until forced to leave. That urge to remain in the home they know, coupled with the commonly-accepted notion that a Short Sale vs Foreclosure is simply too difficult to complete, keeps many people who would otherwise be qualified from listing their home for short sale.  Why go through the hassle when I could live rent-free for an indefinite period of time?  How does a Short Sale vs Foreclosure benefit me, the struggling homeowner?  Aren’t Realtors just trying to earn a commission at my expense?  These are difficult questions to answer, since the questions themselves suggest that the homeowner is unlikely to sign a listing agreement. However, now is the time to address these questions, and here is the answer: TAXES!

As a general rule, cancelled debt is treated by the IRS as income.  A mortgage lender issues an IRS Form 1099-C anytime it cancels a portion of a homeowner’s debt – whether through short sale or foreclosure (foreclosure by advertisement or “non-judicial foreclosure” in Minnesota results in the lender forfeiting the right to pursue the deficiency, so the deficiency is cancelled debt).  Under the Mortgage Forgiveness Debt Relief Act of 2007, in many circumstances the homeowner is not required to pay income tax on the cancelled debt.  However, the Act currently applies only to debt forgiven by the end of the 2012 calendar year.  HOMEOWNERS CONSIDERING SHORT SALE vs FORECLOSURE MUST ACT NOW TO ENSURE THAT THE DEBT FORGIVEN ON THEIR HOME MORTGAGE DOES NOT INCREASE THEIR INCOME TAX.  Considering the state of the market and the time it is taking for some lenders to foreclose, even homeowners that have already missed payments may find that the lender’s delay in foreclosing results in the debt being forgiven in 2013 after the Act expires. Closing a short sale prior to the end of this calendar year results in the debt being canceled in time for the homeowner to take advantage of the Mortgage Forgiveness Debt Relief Act (as long as the canceled mortgage debt was used to purchase or improve the borrower’s primary residence).  Waiting could result in the homeowner incurring income tax on the amount of the deficiency, and many markets are seeing deficiencies over $100,000.  Coupled with the difficulty in discharging tax debt through bankruptcy and the collection tools at the IRS’s disposal, waiting to “see what happens with my foreclosure” could result in a nightmare for the homeowner.

Short Sale vs Foreclosure Realtor & Attorney Information and Help

Bradley Kirscher has attached some information from the IRS website, http://www.irs.gov/ , on the tax ramifications of cancelled debt and the Mortgage Forgiveness Debt Relief Act of 2007.

For questions about Short Sale vs Foreclosure contact a short sale vs foreclosure realtor or attorney:

Bradley Kirscher

Kirscher Law Firm, PA

brad@kirscherlawfirm.com

phone: (651) 209-8440

fax: (866) 880-6386