Blaine, MN Real Estate News

By Travis Sabby
(Re/Max Results)
Most people that are selling real estate right now are asking about why things aren't moving or why things aren't selling.  The fact of the matter is, that the market is not as bad as it seems.  It is just the viewing publics interpretation that gets skewed.  Some realtors are included in this interpretation.  The housing market has not stopped.  There are lots of sales and transactions taking place.  What we are seeing is an adjustment in prices.  I remember taking macro economics in college thinking that I really didn't like the class, because I just couldn't figure out how I would ever use the teachings in my life.  Well, I look at it as one of the most important classes I ever took now!  I use it every day.  If you look at the big picture in life as well as real estate it becomes mo...
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By Frank D'Angelo, Helping people is my business in Real Estate
(EXIT REALTY NEXUS Minneapolis & St. Paul MN)
The Associated Press blasts the Real Estate Market Again!!! My goodness.  Do these economists have a clue with respect to fuelling another housing-led recession?  Both buyers and sellers are begining to think that it isn't a good time to buy or sell real estate.  Ring all Alarms!!! Let's find a Mortgage Professional and quote his doom and gloom scenario such as:  Robert Moulton, president of Americana Mortgage Group. "I think prices have a way to go down," he said.  MSNBC reports today as a featured story the following headline:  Spring looks like a washout for housing market .  A big drop in applications for new permits indicates the bottom hasn't arrived.  Well let's hold the fort and do nothing until the bottom has arrived right??? Will the Associated Press announce that also??? I do...
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By J.B. Anderson
(JB Anderson Inspections)
Selling a home and leaving is a stressful event. To help relieve that stress, sellers and buyers typically have "moving parties," "last parties," "first parties," or "housewarming parties." Or they move hurriedly so they don't have to take too much time off from work or use up vacation days or sick leave. Given this process we have learned that it is very possible for damage to occur to the property after the inspection has occurred and prior to occupancy of the new owners. The actual days of moving, in my opinion, are when most post-inspection damage occurs, and usually it is by the guests (or movers) helping the owner (seller or buyer) move, so the owner may not even know anything about the damage that has occurred. In both these instances, sellers like to say, "Your home inspector mu...
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By J.B. Anderson
(JB Anderson Inspections)
In The Twin Cities Minnesota Area the number of foreclosures is increasing. Many times these properties are distressed due to lack of maintenance during the redemption period. Often times the homes suffer damage such as frozen water pipes or are just plain neglected. These homes can sit vacant for many months while the foreclosure process proceeds. Some of these homes are put back on the Real Estate market with little or no repair work and listed "as is" with the seller (the bank) disclosing no knowledge or damages or previous repairs.  buyers must be cautions when proceeding with this type of transaction, the best advice is to hire an independent home inspector who will perform an objective evaluation of the major systems and components of the home.A vacant residence presents its own t...
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By Frank D'Angelo, Helping people is my business in Real Estate
(EXIT REALTY NEXUS Minneapolis & St. Paul MN)
CNN's Money Magazine will be releasing this year's TOP 100 Small Cities to live.  They utilize Economic and Quality of Life indicators when ranking all of the cities across the nation.  Blaine Minnesota ranked 54th out of a list of 745 cities in the nation in 2006.  Compare Blaine, MN to the Top 10 Cities in the nation by clicking here: Financially, Blaine's median family income per year is approximately $73,000.  The highest State income tax rate for the highest bracket of income earners is 7.85% versus 5.35% for the lowest bracket.  The job growth rate in Blaine's first 5 years of the millennium was just under 14%, well above the TOP 10 cities.  Blaine's median home price remains at $235,000.  Blaine's air quality, personal and property crime risks ranks much more favorable in compari...
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By Patti Ann Kasper, Blaine & North Metro Minneapolis St Paul Real Esta
(EXIT REALTY NEXUS)
Welcome to Blaine, MinnesotaA booming business and residential community, Blaine is one of the Twin Cities' largest and fastest growing communities. From 2002-2006 Blaine had 3,774 new housing units constructed in the city, the most in Minnesota. This north metro 34-square-mile city has become a viable business and residential area. Blaine is also the home of Minnesota's Olympic-class facility; the National Sports Center (NSC), an athletic facility designed for training, competition and accommodating a variety of activities and events. The NSC hosts the USA Cup, the world's second largest youth soccer tournament each July. Also the NSC has the Schwann's Super Rink, eight Olympic sized ice sheets under one roof. The NSC draws over 4 million people to Blaine each year. Blaine is home to t...
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By J.B. Anderson
(JB Anderson Inspections)
Go ahead, ask away. While I don't claim to know everything I can generally find the answer in a hurry by consulting with my other 9,000 colleagues across the country by posting a question on our inspections message board.
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By Duayne Weir, Minnesota Real Estate Agent
(Investment Realities LLC/MarketLink Realty)
Hi my name is Duayne Weir I am a local Real Estate Professional.This post is about Blaine, Minnesota the history the demographics and information on this beautiful growing city. If you are interested in buying or selling your home or want more information http://www.duayneweir.com/ or give me a call: 612-363-2739 and we can get together for a cup of java and a smile :)History:Phillip Laddy was the first settler from Ireland to call Blaine his home. He lived near a lake at the time and now that lake bears his name Laddie Lake, that was in 1862. In 1877 that was when Blaine became an official township until then it was considered a part of Anoka. Moses Ripley was elected the first Chairman of the board of supervisors. Ripley who was from Maine had convinced fellow board members to name th...
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By Frank D'Angelo, Helping people is my business in Real Estate
(EXIT REALTY NEXUS Minneapolis & St. Paul MN)
It really is a new real estate market in the Twin Cities.  First came the so called bubble, compounded with an additional glut of inventory, plus the fact that buyers have been watching the prices drop.  The National Association of Realtors does a fabulous set of promotions in conjunction with the local Minnesota Associations plugging the obvious that it couldn't be a better time to buy real estate.  Call your local Realtor today.So what is going on with all the buyers?  Where are they?  Are buyers really liars?  The answer seems simple and illogical.  "BUYERS ARE SPYERS".  They are litterally watching and spying on the inventory.  Our most recent call backs on our Direct Response Marketing calls literally had some of the following comments from potential buyers.  "Yes, we've been watch...
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By Travis Sabby
(Re/Max Results)
 Minnesota is entering into a critical spring for home sales.  The next two months should determine whether we will come out of this slumping market.  Historically the best time to sell a property in the Twin Cities metropolitan area market is the 3 month period from March to May.  Should we remain in a down market, there could be some major market players in the Twin Cities market going to "plan B".  The squeeze seems to be on, as many realtors, builders, loan officers, etc. are suffering from a lack of purchase agreements.  My personal feeling is that we will see some market activity this Spring, but it will be shortlived.  The market will bottom sometime in November / December 2007.  As the CEO of DR Horton says, "2007 will suck". 
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By Mike Cleaver
(The Cleaver Team at Wallin Residential Properties, Inc.)
Sunday night September 17th, the Viks won, the Twins have closed the gap but Liverpool lost to Chelsea in the EPL. Well we can't always be winners. But hey, we can always think and act like winners.The air is cooling down, Fall is upon us, the leaves are turning wonderful shades of yellow, orange, red, brown, burgundy. What  a great time of the year. It is also a great time to be in real estate either as I am as a sales person or as a  buyer. There are lots of properties listed for sale, lots of opportunities to buy.With so much choice it's like being in a store that has just stocked the shelves.Just like the leaves are falling so are interest rates, not a lot but they are going down. Great time to buy.Sellers can take advantage of this market by setting the right price, making their ho...
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