RE/MAX Ranks Highest in Customer Satisfaction in JD Power 2011 Survey

 RE/MAX Ranks Highest in Customer Satisfaction in

2011 J.D. Power and Associates Study

DENVER, CO

– Results from the J.D. Power and Associates 2011 Home Buyer/Seller StudySM, recognize RE/MAX for providing the highest overall consumer satisfaction for both home buyers and home sellers. In last year’s study, two different companies ranked the highest in each category, but this year home buyers and sellers both rated RE/MAX the highest.

“It all comes down to professionalism and a commitment to a premier level of customer service,” said RE/MAX Chairman and Co-Founder

Dave Liniger. “Because RE/MAX agents average more experience and training than other agents, they are better prepared to deal with home buyers and sellers in any kind of market. And, consumer preferences tell the story . . . nobody sells more real estate than RE/MAX.”

This is the fourth annual study of home buyer and seller satisfaction with the largest national real estate companies, conducted by J.D. Power and Associates. For the home buying experience, three factors were considered: agent/salesperson, office and a variety of additional services. Four factors were examined for the home-selling experience: agent/salesperson, marketing, office and a variety of additional services.

Details from the study indicate that on a scale of 1,000, homebuyer respondents ranked RE/MAX with a score of 805 and home sellers put RE/MAX on top at 791. The 2011 study includes more than 4,200 evaluations from 3,680 respondents who bought or sold a home in the U.S. between March 2010 and April 2011.

In two other 2011 industry surveys of the country’s top real estate brokerages, RE/MAX agents averaged more transaction sides than agents at the other national franchises. The RIS Media Power Broker Survey and the REAL Trends 500 both showed that RE/MAX agents averaged over 14 transactions sides, more than double the average of many competitors.

The success of RE/MAX agents is the result of its comprehensive educational platform, RE/MAX University, which offers over 1,100 educational programs on-demand, and available online, on television, on smart phones and in classrooms around the world.

About the RE/MAX Network:

RE/MAX was founded in 1973 by Dave and Gail Liniger, real estate industry visionaries who still lead the Denver-based global franchisor today. RE/MAX is recognized as a leading real estate franchise company with the most productive sales force in the industry and a global reach of more than 80 countries. With a passion for the communities in which its agents live and work, RE/MAX is proud to have raised more than $100 million for Children’s Miracle Network Hospitals, Susan G. Komen for the Cure® and other charities. Nobody in the world sells more real estate than RE/MAX.

About J.D. Power and Associates:

Headquartered in Westlake Village, Calif., J.D. Power and Associates is a global marketing information services company operating in key business sectors including market research, forecasting, performance improvement, training and customer satisfaction. The company’s quality and satisfaction measurements are based on responses from millions of consumers annually. For more information on car reviews and ratings, car insurance, health insurance, cell phone ratings, and more, please visit JDPower.com. J.D. Power and Associates is a business unit of The McGraw-Hill Companies.

 

Should You Purchase a Shakopee Home or Look at Shakopee Rentals?

Here are some things that you might want to consider before continuing to pay rent or pass on an opportunity to buy your own property:

1)    Being a homeowner is still one of the best long-term investments that can be made. Not only does it benefit you in the long run, homeownership adds to the financial well being of all American families by generating wealth.

2)    With a loan payment, you are able to keep your payments consistent by locking in the price. A great example of this is comparing paying rent for an apartment or being a homeowner. Through the apartment you have monthly payments and those payments have the chance of increasing over time due to numerous factors. If you are a homeowner, you are able to get a 30-year fixed-rate mortgage where you make monthly payments that are always the same no matter what. In the long term, you would be at a huge advantage to get that fixed-rate mortgage, especially with the low rates being offered today.

3)     Homeowners get big advantages from the IRS like tax breaks. You are allowed to deduct things such as your mortgage insurance and mortgage interest and others, within certain limits. With these great tax breaks, your overall payment may end up being close if not below what you are currently paying for rent.

4)     Home prices have been on the rise when you look at historical statistics. Of course it is hard to ignore the decline since the peak of home prices in 2007, but this is just the cycle that needs to be worked through. If you go back to 1991, there were 16 years of growth before the 2007 decline. History is bound to repeat itself after the high number of foreclosures and unemployment rates are sorted though.

5)     Because social media usually refers to the national housing decline as a whole, you need to remember that this may not be the same for your housing market. Don’t pay attention to the national market, pay attention to your local market. A lot of areas actually saw home appreciation in the last year, which goes against what social media is saying.

6)     In a lot of areas, right now it is a buyers market. Because of the steady rise in the number of homes on the market, buyers have a lot to choose from. And because some sellers are having a tough time selling, they might be more open to negotiations with price and closing costs.

7)     If you are looking for the perfect time to buy, don’t waste your time. In most cases, there really isn’t a perfect time and you don’t want to end up missing an opportunity while mortgage rates are relatively low.

8)    There are still a lot of options for finance available. Each mortgage depends on your current situation, so take some timeto sit down with a lender who is going to explain all the options to you.

We at Remax Advantage Plus and the Twin City Real Estate Team offer free one on one home buying consultation and FREE buyer seminars and no cost. Make sure to contact us if you have any Shakopee Real Estate related questions.

 

Search Shakopee Rentals

Shakopee Homes For Sale Under 150k

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

With MN Short Sales, Can Cancelled Mortgage Debt Be Taxed?

Without Qualifying for Exemption, Forgiven Mortgage Debt May be Taxed

I always advise you to talk to your account and or attorney as I am not an attorney or account and can not give you legal advice pertaining to MN Short Sales. With hundreds of thousands of homeowners having negotiated loan modifications, MN short sales or been foreclosed upon during the past year, the Internal Revenue Service (IRS) has issued fresh guidance on how to handle canceled mortgage debt during the tax season.  In its latest guidance, the IRS focuses on several key points that MN homeowners  and former owners need to know, especially pertaining to MN short sales. One guideline is just because a lender wrote off a portion of your mortgage debt  doesn’t mean you automatically qualify for special tax treatment during a MN short sale. To the contrary, there are essential tests you need to pass to qualify: The debt your lender canceled during the MN short sale must have been used by you “to buy, build or substantially improve your principal residence.” Anyone who has had mortgage debt cancellation as part of a loan modification or foreclosure should go to IRS.gov and download Form 982 and IRS Publication 4681 for additional filing details. If you think you may potentially have a reason to call due to an MN short sale or foreclosure you can also call 800-TAX-FORM to request copies. Lenders who write off unpaid mortgage balances typically provide borrowers with a year-end IRS form 1099-C cancellation of debt statement, including the amount of the loan forgiven for the MN short sale and the fair market value of the property. If you’ve had mortgage debt canceled but have never received a 1099-C from your lender, get in touch and request it if you want to avoid federal tax hassles. If you need any help with MN short sales we, the Twin City Real Estate Team with Remax Advantage Plus in Shakopee can help. We work with multiple attorneys in the area that offer free consultations to show you your options if you are considering staying in your home, foreclosures or MN short sales.

Shakopee MLS Listings vs Home Prices

Shakopee Home PricesShakopee MLS listings have dwindled as I wrote yesterday, but I was curious to find out exactly how much home prices in Shakopee were affected.At the height of the Shakopee real estate market it was hard to find a Shakopee home for under $200,000. The average home prices for Shakopee townhomes was over 193k in 2006. Today Shakopee home prices have slipped and the average sales price for a townhome is just over $110,000! When looking at the Shakopee MLS listings this morning I looked closer at the market and homes ARE SELLING. There are 268 “active” Shakopee MLS listings available today, and the reason I use quotations is because of the 268 “active” Shakopee MLS listing there are 60 homes that show as active, but have pending contracts on them, not including the 73 Shakopee homes with pending offers waiting to close. So currently today there are 208 active homes on the Shakopee MLS and 133 homes with contracts. There are a few things I see, 1) Shakopee home prices hopefully will stabilize soon 2)  there are not a lot of GOOD MLS listings out there 3) Home are selling!

If we take a close look at Shakopee Home Prices higher values are harder to come by. Of the 268 active Shakopee MLS listings:

45 homes are under $100,000

110 homes are under $150,000

215 homes are under $300,000

only 15 homes are over $500,000

Click here to find what are the four most expensive listings for sale in Shakopee?

Here is a link to search all Shakopee MLS Listings and Homes For Sale

Shakopee Real Estate Inventory Low

It seems within the last few weeks the Shakopee real estate inventory has dropped to recent lows. Last time I check all Shakopee MLS statistics there were only 265 Shakopee homes for sale. Typically the Shakopee MLS seems to generally support 300-325 Shakopee homes for sale on average, but I would attribute the low Shakopee real estate inventory due to less forecloses coming on the market and also a lot of sellers that may not NEED to sell, just staying put for the time being.  I am hearing from many buyers being frustrating with the lack of good quality Shakopee homes for sale on the market. It seems there is either a lot of unrealistically high homes on the Shakopee MLS for sale or there is a lot of plain junk homes out there. Banks keep saying they will be “releasing” more inventory, but I have heard that since the first of the year. Although we may be in a buyers market overall where many properties sit on the market, I have also seen many Shakopee real estate transactions with multiples offers. Make sure when looking on the Shakopee MLS you contact Shakopee real estate agents to find out if the home has any contingencies. Many buyers run into this frustrating situation and feel they are being lied to because many homes that are for sale on the Shakopee MLS can actually have contracts on the, but still show as active listings. My advice if you are looking to buy a home for sale in Shakopee is to be patient, act fast and be realistic. You Shakopee real estate agents know the market and can help put together a market analysis to advise you what a good price may be to come in at. Sometime even going over list price may be needed to get your offer accepted.

Shakopee Foreclosures? Use the FHA 203k loan program

Like many other MN Homes, Shakopee foreclosures are just as prevelant. To  purchase some of those detressed foreclosure properties you need a LOT of $$$$ to repair the MN homes to bring them up to par, because the banks won’t lend the money to buy the house until the repairs are complete. I recenlty had a client use a great program for Shakopee foreclosures. The program is called the FHA 203k loan program and I used Wells Fargo in Shakopee to do the MN FHA 203k loan program we just closed on. There are a few other companies that do the MN FHA 203k loan program, but not all loan officers do, so make sure to check if you are looking in a price range that may need repairs.

More MN FHA 203k Loan Program Information

  •  The downpayment requirement for an owner-occupant (or a nonprofit organization or government agency) is only 3.5% of the purchase price and repair costs of the property.

The MN FHA 203k loan includes the following steps:
A potential homebuyer locates a fixer-upper and executes a sales contract after doing a feasibility analysis of the property with their real estate professional. The contract should state that the buyer is seeking a 203(k) loan and that the contract is contingent on loan approval based on additional required repairs by the FHA or the lender.

Find an approved MN FHA 203k loan officer

-Submit repair bids from A LICENSED CONTRACTOR, if you are not licensed, you CAN NOT do the work.

The appraisal is performed to determine the value of the property after all repairs are completed, they don’t need to be completed prior to closing, but they do the appraisal as if those repairs were completed.

If the borrower is approved through the loan officers underwriting , the loan closes for an amount that will cover the purchase or refinance cost of the property, the remodeling costs and the allowable closing costs. The amount of the loan will also include a reserve of 10% to 20% of the total remodeling costs and is used to cover any extra work not included in the original proposal.

At closing, the seller of the property is paid off and the remaining funds are put in an escrow account to pay for the repairs and improvements during the rehabilitation period.

The remodeling can begin after closing.

Escrowed funds with the title company on MN homes are released to the contractor during construction through a series of draw requests for completed work. To ensure completion of the job, 10% of each draw is held back; this money is paid after the lender determines their will be no liens on the property.

If you would like more information about the FHA 203k loan program, a good loan officer familiar with the process or Shakopee foreclosure list make sure to contact me.

Search all Shakopee Foreclosure Listings

Smaller Shakopee Homes and Real Estate For Sale

Smaller Shakopee homes for and real estate for sale should be a consideration especially after the economy that we went through and still are in. Although you may long for a nice large piece of Shakopee real estate or one of those new construction two story Shakopee homes for sale with lots of square footage, that may not necessarliy be the best option depending on you and your family. If you have a larger family, you may want or NEED that space to have at least some of your “own. Most empty nesters tend to downsize and many other people are getting a smaller Shakopee homes for sale. Even with Shakopee new construction the builders have tapered down the massive 5000 sqft Shakopee homes for sale. There are some advantages when you downsize and there’s nothing wrong with getting a home on the Shakopee real estate market that is smaller. We at Remax Advantage Plus in Shakopee and the Twin City Real Estate have a list of reasons why this is a good option.

Increased Cash Flow

 If you’re spending less on your monthly mortgage payment, you are likely to have money leftover every month to reallocate for other investments, hobbies or desires. Maybe with less of a mortgage payment you can save for a fun family vacation!

More Time For You

Save another bill and getting rid of the in home cleaning service if you are too busy to clean.Having less fewer rooms and smaller spaces cuts down on the time  needed to clean and maintain your Shakopee home. Smaller Shakopee homes can reduce the time spent on housework and busy tasks, leaving more time in the day to do something else more enjoyable and fun.

Lower Utility Bills

 It costs a lot less to heat  and air condition a smaller Shakopee home than larger home with more square footage. Typically in spacer homes you don’t see vaulted ceilings which have a lot of dead air to heat to cool.Less square footage decreases the amount of energy expended. Reducing energy is better for the environment and helps to keep your home green.  Having a smaller Shakopee homes also make it less expensive when replacing air conditioning units and furnaces.

Taxes

Typically having a smaller Shakopee homes for sale have less taxes amounts. Imagine if you have a large Shakopee home with taxes of $4,500 per year instead of a smaller Shakopee homes with taxes of only $1,800 per year. Over a ten year period of time that adds up to $27,000! If you compound that with an 8% interest per year compound it would almost add to $41,500!

Reduced Consumption

Want to be green? If there is no place to put it, you’re much less likely to buy it. That means less money is spent on clothing, food and other goods.

 Minimized Stress

 My favorite is less stress! Having that large nut to crack every month can make life a lot easier. Less responsibility, less taxes, less housework, increased cash flow and greater flexibility to do the things you want to do equalall reduce stress. Shakopee home owners who have successfully downsized sometimes appear happier when they’re no longer overwhelmed by the demands of a larger Shakopee home.

Shakopee MN MLS Short Sales Are Selling, BUT…..

With all the talk about short sale homes in Shakopee many buyers are wondering what is going onin the current market place. I took a look at only the Shakopee short sales and what their numbers looked like so far this year accornding to the MN MLS. For those looking at the MLS online website, themlsonline.com is NOT the MLS, iot simply is a company just like Edina Realty, Remax or Coldwell Banker however they were grandfathered in to using the term MLS in their name.

SHAKOPEE SHORT SALE INVENTORY & SALES

Anyway accornding to the MN MLS there are a total of 286 homes in Shakopee listed, of those 286 homes listed 86 are Shakopee short sales. One common way homes are listed in the MN MLS, but not on other broker sites are homes that are consider “sold subject to third party approval” whihc means they are a short sale home waiting for the bank to say yes or no. The seller likely has signed the offer as they still own the home, but need approval from the bank. There are 40 homes in Shakopee currently listed as active that have this classification….annoying, I know. There are only 10 pending Shakopee short sale listings that are waiting to close and have approval from the bank according to the MN MLS. It seems half or 2 out of every 3 listings is a short sale which i found this statitic interesting: from January 1, 2011 only 26 Shakopee short sales have closed! Only 26 home in 6 months! With all the short sale listing out in the marketplace these banks need get their acts together.

PRICING OF SHAKOPEE SHORT SALES

I think the pricing of Shakopee short sales is what is contributiong to lower prices for the average homeowner. So many buyer avoid short sale in Shakopee because they can not wait the 3-9 month time frame many short sale homes require. Oddly enough I looked a one niche in Shakopee that has a higher sales price and lower days on market of short sale listings than traditional sales. Shakopee townhome short sales had an average sales price this year of $129,033  with 143 days on the market with only 12 homes closing since 1/1/11. 94 foreclosure and tradtional sales netted $109,531 with 155 days on the market. I do think the foreclosures contributed to bringing this price down, but I can’t explain the shorter time frame, that baffles me. Looking at single family homes brings numbers you would expect.  The short sale listings in Shakopee averaged a sales price of $183,511 with 261 average days on market where the traditional sales averaged a sales price of $221,627 and only 125 days on the market.

SHAKOPEE SHORT SALE REALTORS HELP

If you are looking for a Shakopee Realtor or real estate agent to help represent you in buying a home or selling your home make sure they have the experience required to help. Having a knowledgeable Shakopee realtor who know the ins and outs of the bank short sale process can be beneifical even when purchase as they can know the right questions to ask to make sure eve