Re/Max Advantage Plus Shakopee Realtors

Re/max Advantage Plus Shakopee will be moving to a new location starting the first of the year. Re/Max Advantage Plus is a market leader in the Shakopee real estate market and has closed over 300 transactions in the Shakopee office alone year to date with many more pending transactions. Re/Max Advantage Plus, lead by real estate broker Eric Malmberg will be moving into the build Edina Realty Shakopee had occupied for 10+ years. After closing there will be extensive remodeling followed by a Grand opening in which the public is invited. A date and time has yet to be determined. Re/max Shakopee Realtors anticipate holding many Shakopee real estates seminars in the new space geared towards the shifting market. Some buyer seminars included will be first time buyer seminars, investment seminars and seminars about selling in a tough real estate market. Shakopee realtors have seemed to gravitate to the Re/Max Advantage Plus franchise over the past few years and the strength of the company is continually growing. Eric Malmberg, broker for Re/Max Advantage Plus also acquired two more Re/Max real estate franchises in Minnetonka and Chanhassen to have more market share west of the Twin Cities.

The Shakopee real estate market has been a busy one this year although with a lack of inventory. We are just over 200 active mls listings at 225, however 50 of the mls listings have some sort of contingent offer on them. Of the remaining Shakopee homes for sale listed as “active” mls listings 39 are short sale properties and 27 are consider foreclosure listings.  Being  almost 38% of the remaining inventory is considered distressed this does not leave too many Shakopee homes for sale remaining. Let’s compound another factor, Shakopee new construction homes. 28 of the remaining 175 Shakopee homes for sale are either model homes, to be built new construction or under construction homes. That leaves less than half of all Shakopee mls listings as traditional home sales.

I have heard many complaints from Shakopee buyers looking to purchase a house that just can’t find anything out there. If you know anyone looking to sell I do have these buyers looking in Shakopee to purchase soon:

  • Looking for a rambler under 375k, prefer wooded lot and a walkout, may be open
  • Looking for a townhome under 125k 3 bedrooms and must have basement
  • Looking for a townhome under 135k, prefer 3 bedroom with master bath
  • one level townhome under 100k
  • Looking for a two story in Southbridge under 250k
  • Looking for a 4 bedroom plus loft two story East of Independence to Southbridge under 300k

Shoot me an email at TomScott@Remax.net or call me at 612-384-2178 if you know of a good seller

Another Shakopee Home SOLD! | Classics Southbridge

We just recently closed this Shakopee Home in the Classics at Southbridge. This Shakopee home sold for $223,000 and the seller paid $8920 in buyer closing costs.

If you are thinking of listing Shakopee real estate of your placing your Shakopee home fo sale make sure to call Tom Scott of Remax Advantage Plus and the Twin City Real Estate Team. 612-384-2178 or TomScott@Remax.net

Re/Max to Buy Commonly Known Edina Realty Building in Shakopee

Re/Max Advantage Plus in Shakopee is making quite the moves in the Shakopee real estate market and has purchased what was known commonly as the Edina Realty building in Shakopee, although Edina Realty does not currently own the building, but was leaseing space. This forces Edina Realty out of the building they have occupied since opening and positions Re/Max Advantage Plus well in the Shakopee real estate marketplace. Re/Max truly is a market leader in the Shakopee real estate market and holding true to their slogan, nobody sells more real estate than Re/Max. Re/Max Advantage Plus has continued to gain strong market-share in Shakopee real estate market and look for a prosperous future as they continue to grow and add experienced, driven agents to their sales force. If you are considering a career in real estate, look to the Shakopee market leader, Re/Max International. With top of the line technology, mentorship programs, high commission splits, great support and some of the top agents in the marketplace, you know you are in the best of hands with respected, ethical and fun Shakopee Realtors.

For more information about a career in real estate contact us

Real Estate Can offer you:

  • Flexible Hours
  • Additional & No Ceiling on Income
  • Part time work
  • Satisfaction of helping others

 

  • Satisfaction of helping others achieve goals

What’s New in The Shakopee Real Estate Market

Sorry, for not posting in a while, but it has been crazy busy lately getting out team website up, www.MnHomesForSale.com and we have been doing some blog posts recently on that website too. The school year is off and running anf my wife is officially back to work and in her new school, Jackson Elementary in Shakopee. Very exciting to have a new building and many new students as well.

The Shakopee real estate market has been extremely busy lately. It almost seems more like a spring real estate market rather than Fall. Shakopee real estate is booming when homes hit the market. It seems everything that is decent is selling within 30 days,  although the average days on market for Shakopee homes pending is currently at 140 days, which is down! 231 Shakopee homes are currently considered active in the Shakopee real estate market. Still an overwhelming amount of Shakopee short sale listings flood the market as 31 of those 231 are sold subject to bank approval. Good Shakopee homes are hard to find these days. I think we will see more Shakopee foreclosure listings hitting the market this fall. I know after talking with other Shakopee real estate agents with Remax that specialize in the foreclosure market that the banks seem to be holding back. There are great options purchasing some shakopee foreclosures such as Fannie Mae listings. You can buy a Fannie mae listing with only 3% down, no mortgage insurance no appriasal and the bank will agree to pay 3.5% of loan costs, awesome deal!

If you need any help searching for Shakopee real estate or have any questions make sure to reach out to us and we would be happy to help.

How Many Homes Do Shakopee Real Estate Agents Sell Annually?

I think many consumers in the market place tend to think that Shakopee real estate agents tend to sell 20, 30 or  even 40 homes per year. According to the National Association of Realtors, average real estate agents sell eight homes per year averaging a sales volume of $1,100,000.  I think the industry has painted a picture that Shakopee real estate agents are selling homes all day long. Shakopee Realtors tend to have many roles as they are almost running a small business in many ways. Typically the real estate brokerage hold a Realtors license, but many expenses and activities are up to the individual real estate agents. Some of the activities in a typical day may be:

  • Finding (prospecting) new business
  • Maintaining current listing inventory
  • Preparing individual marketing materials
  • Preparing listing marketing materials
  • Accounting for their real estate business
  • Website advertising
  • Marketing current listings
  • Managing the needs for their current clients

Often times Shakopee real estate agents have commission splits with their broker. Their real estate broker who holds the Realtors license may put them on a commission split with the brokerage where some newer agent could potentially be on a 50/50 split with their office and an experienced agent may be on a commission split anywhere from 50-99%. Typically with the higher commission splits there will be a “desk rent” in which the Shakopee real estate agents many need to pay a fee each month to the broker. Some of those fees could vary but from what I have seen it’s anywhere from $200-1650 per month. Some real estate companies will also charge transaction fee to their agents per transaction that may be $50-$100 and also take out corporate fees ranging from 1-3% of the gross real estate commission. Obviously these are all examples of what I have personally experienced in my career and may or may not reflect the industry as a whole because I do not know the structure of every company.

Shakopee real estate agents also have many fees they incur such as:

  • Marketing materials
  • Postage
  • Annual Licensing $450 per year
  • Supra Key Dues $152 per year
  • MLS Access Fee $114 per quarter
  • Errors and Omission Insurance $400 yr est
  • 15 Hours of Continuing Education each year
  • Signs
  • Sign installs and removal, typically $40-60 per listing
  • Business Cards
  • Optional Website IDX search $800-$1200 per year
  • Professional photography, which we sure know not many Shakopee Realtors take care of this!
  • Virtual Tours $89-$199 per listing

Average Shakopee real estate agents can easily spend upwards of $10,000-$15,000 per year in real estate related expenses. One thing we at Remax Advantage Plus and The Twin City Real Estate Team have done is to leverage our time and the real estate team philosophy. We have hired interns to do most of our marketing and prospecting for new business so that we may concentrated on client care and taking care of the needs of customers we are working with. We understand how important  the purchase of a home can be and we want to make sure to accommodate. Knowing the urgency of the Shakopee real estate market having only one Realtor can be a hang up if they are busy. Say a brand new Shakopee listing comes on the market and your agent is out of town or busy. You need to get in that house or it could sell! Having a team gives us the ability to have multiple Shakopee real estate agents on our team with the availability to show you the home. Problem solved! If you are search for a Shakopee home for sale make sure to contact us at the Twin City Real Estate Team.

 

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Re/Max Advantage Plus Shakopee Homes For Sale

1935 Boulder Point, Shakopee, MN MLS #4066531

I  Love this area! Single level townhome for $175,000 that is also a handicap accessible one level townhome. Close to walking paths in a great community. 2 bedrooms and 2 baths, a 12×12 sun roomthree sided gas fireplace and more. Association dues are low! Click the address for more information and photos.

1053 Ramsey Street S, Shakopee, MN MLS#4065953

A well-maintained split-entry home, with one previous owner. Located in a quiet neighborhood, it has a great backyard and is close to shopping, schools, and parks. 3 bedrooms and 1 bath, with potential to finish out the remainder of lower level. Listed at $174,900.

523 Barrington Drive E, Shakopee, MN MLS #4066121

Listed by This custom rambler has 4,000+ square feet, a sunroom, vaulted ceilings, and granite counters. Situated on just over an acre sized lot
with views of a private pond and patio. There are 4 bedrooms and 4 bathrooms and a 3-car garage. Listed at $475,000, this home has a great layout with a lower level theater room and bar. Click the address for more information and photos.

1492 Hartley Boulevard S, Shakopee, MN MLS #4065015

Shakopee two-story in Southbridge development with lots of space for $329,850. The  Southbridge Neighborhood is very community oriented and holds many functions throughout the years includeing an easter egg hunt in the spring and neighborhood nights out. This Shakopee home is move in ready with 5 bedrooms and 4 bathrooms. The main level has a custom office and a large kitchen and don’t forget the deck leading to spacious backyard.

825 4thAvenue West, Shakopee, MN MLS #4064014

Great Shakopee foreclosure price of only $60,000!  This rambler has 3 bedrooms, 1 bathroom and a walk out lower level. It also
has a large eat-in kitchen and a large lower level family room. At this price will sell fast. Great opportunity for an FHA 203k rehab loan program.

1353 Wood Duck Trail, Shakopee, MN MLS # 4062248

I have shown this home multiple time. Great house and with some new floor could show like new. This home is situated on a beautiful nearly one acre lot with mature trees and a huge yard. 3 bedrooms on one level and 3 bathrooms while being listed at only $264,850. The lower level is impressive with an amusement room, entertaining spaces, custom built in bar, and game room! Youi coudl easily put in a fouth bedroom in the lower level. Within in walking distance to the lake and Stonebrooke golf course.

9042 Horizon Drive,Shakopee, MN MLS #4062821

This Shakopee home is stunning with 3,400+ square feet. Come see all the great features of this 4 bedroom, 4 bathroom home. Custom cabinets,
maple floors, Silestone counters, 2 home theater systems, all for $537,900.

If you would like to set up a showing on any of these Shakopee homes for sale email me at TomScott@Remax.net or call me at 612-384-2178

You can also search all Shakopee homes for sale on our website.

One Level Shakopee Town Home Handicap Accessible

Tom Scott and the Twin City Real Estate team with Remax Advantage Plus in Shakopee recently listed a solid one level Shakopee town home that is handicap accessible. The Shakopee town home is located in the high demand Stone Meadow development in Shakopee. This development is great and the association VERY well run in my opinion. They keep their association dues very low at only $120 per month and the development recently had all their roofs replaced.

This handicap accessible one level Shakopee town home has 2 bedrooms, 2 bathrooms and is close to 1400 sqft. There is a really cool octogonal sunroom off the back of the home that also has easy access to a very private patio. Behind this town home are single family homes with a nice tree line creating a nice break between the homes and lots of privacy.

When you walk in on the main level which features NO stairs  you are greeted by a nice cozy three sided fireplace dividing a formal dining room, which is currently being used as a library, and the living room to the left. The kichten overlooks the dining area and includes lots of cabinets and an eat in breakfast area. Just off the kitchen is the laundry room.

Other features on the main level include a private master bathroom and large walk in closet in the master bedroom and an additional guest room or office. There is another full bathroom for guest to use that is also handicap accessible.

If you would like to set up a showing or want current pricing information, make sure to email me at TomScott@Remax.net or give me a call 612-384-2178

This one level Shakopee town home is a great place to call home! View the virtual tour here

Shakopee MN MLS Home Prices Fall

MN MLSHere is a look at the Shakopee home prices that have fallin with price reductions the last week:

1636 Liberty Circle, Shakopee MN MLS #4054306

Purchased for $202,000 in 2005, this Shakopee townhome was listed 21 days ago with Remax Advantage Plus for $147,495 and recently reduced to $134,900. An aggressive move to get this Shakopee townhome sold quickly. Click on the address for more infomation.

6188 Oxford Rd, Shakopee MN MLS #4043733

This unique large two story on over an acre has 5000+ sqft. The sales price was just reduced $10,000 from $469,850 to $459,850. 5 bedrooms 4 bathrooms and a 12 x 11 walk in closet!

1227 Elmwood Ave, Shakopee MN MLS #4041129

Weston Ponds Shakopee townhome for sale. Price was reduced $89,876 to 85,000. This Shakopee townhome started at $99,876. I have been in this townhome and it shows great. One of the best Shakopee townhomes on the market for the price. 2 bedrooms 2 bathroom with an additional loft space or potential third bedroom. END UNIT!!!

1903 French Trace Ave, Shakopee MN MLS #4025920

Shakopee rambler reduced $2,000 down to $227,876. Great location near the hospital with just under 1900 sqft 3 bedrooms and 3 bathrooms.

If you would like the full MN MLS listing sheet emailed to you drop me an email or call 612-384-2178

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