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.

 

Incoming search terms:

  • how many houses can a realtor sell in a month?

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.

 

Search All Shakopee MLS Homes For Sale & Real Estate

The Shakopee real estate market is moving even though we are hearing how slow the market is in general. Shakopee Homes for sale are flying off the market at quite the pace. It is almost HARD to find good Shakopee houses and Shakopee homes  out there. So many short sale flood the market and make it so you need to wait 3-8 months to get an answer. There are some good Shakopee foreclosures though and contrary to what many think you can close on them quickly. Sometime even more quickly than an owner occupied home. I recently listed a Shakopee foreclosure in which the bank repainted the home, re-carpeted the home and even put on a new roof. On top of that the bank is providing a 2 year home warranty AND would be willing to pay 3.5% of the buyers closing costs, even before beginning negotiations! Take a look at what is out there and if you would like to set up a showing, make sure to contact us.
Search All Shakopee Homes For Sale And Real Estate

Search Shakopee Townhomes For Sale

Search Shakopee Foreclosures

Shakopee New Construction Homes

Shakopee Homes Under $100,000

Shakopee Houses $100,000-$200,000

Shakopee Real Estate $200,000-$300,000

Shakopee Homes For Sale $300,000-$400,000

Shakopee Luxury Homes

 

 

 

 

 

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

Shakopee Houses Sold June 2011

There was a total of 73 closed Shakopee houses for the month of June. The average price per square foot was $85.08 and the average sold price was $174,894. Single family Shakopee houses sold totaled 47 while 26 Shakopee town houses sold during June. Shakopee town house dipped to an average sales price of $108,335 while staying on the market an average of 136 days before selling. Of the 26 Shakopee town houses,  12 were lender owned (46%) and 5 were reported as short sales (19%) totaling 65% of Shakopee town houses having bank involvement. Looking at Shakopee single family houses the average sales price settled at $211,714 which was $92.52 per sqft. Those houses stayed on the market for 122 days. 17 houses were Shakopee foreclosures (36%)  3 were short sales (6%) and 1 Shakopee house was not disclosed.  Don’t forget to check out all ACTIVE SHAKOPEE MLS HOUSES FOR SALE. When you’re ready to look at Shakopee houses, or looking at current market values to put your Shakopee house on the market, Remax Advantage Plus and the Twin City Real Estate Team is here to answer your questions and guide you through the process to make sure you have a great home buying or selling experience. We offer a FREE market analysis pricing report, and are willing to show you Shakopee houses without an exclusive buyers contract. You should know how the Shakopee Realtor helping you works for you prior to committing to an agent.

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

Large Shakopee Rambler Homes For Sale on 1+ acre

If you are looking through the Shakopee MN MLS listings it is hard not to pass on this solid rambler in Shakopee on acreage. 523 Barrington Drive in Shakopee MN has almost 2300 sqft on the main  level alone. This custom rambler sits on just over an acre of park like setting and also features a volleyball court and private water feature. There are many outdoor living spaces as well including a west facing porch, South facing covered porch and East patio for morning sun.

The main level of this Shakopee rambler features a large entry with double doors leading to the great room, four season porch, gourmet kitchen, main level laundry, informal and formal dining rooms, master bedroom and bathroom, additional bedroom and bathroom for guest and also a half bath.

The lower level of this home has storage everywhere! So many rooms for crafts, activities and plenty of room to tuck away all your possessions. There is a theater room in the lower level, game space and a custom built bar. There are also two additional bedrooms and a large bathroom.shakopee homes for sale

If you would like to set up a showing or want current pricing information on this great custom built Shakopee rambler feel free to email us or to call the listing agent Tom Scott at 612-384-2178

 

Incoming search terms:

  • Shakopee

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