Thursday Thriller…


 

Although this may make you laugh today…be sure you are dealing with an agent that cares about you, not only what you are looking to buy.

Check out www.VickieGylling.com for more information on the real estate happenings.

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Buyer class for Scott/Carver counties…Contact Lou


Dear Potential Homeowner :

1) We offer individual “Loan Counseling” appointments to discuss your personal financial situation as it relates to purchasing a home or getting a good home loan.  Our counseling services are free except for a credit report which is currently $12.75 (including the score).  If you would like this “loan counseling” appointment, please call us to set a date and discuss what paperwork we need (copies of paystubs, bankstatements and tax returns).  We look at your income, credit and assets like the bank or a lender does, and we help you create a plan for mortgage loan application and a house purchase.

***2) In addition to the loan counseling please see the flyer for our HOMEBUYER “Home Stretch” Seminars and a registration form.  After you have reviewed this, you may return the Seminar Registration and $25 fee/household payable to the Carver Co. CDA at 705 Walnut Street, Chaska, MN  55318, for our Educational 8-hour seminar (approved seminars are required to utilize certain special mortgage products or down-payment assistance programs).***

 

JANUARY 6, 2011 – THURS.eve        6pm-9pm

and JANUARY 8, 2011 – SATURDAY        9 am-2:30 pm

 

3) Depending on your move-in date goal, we do have some very nice properties available here for the Carver Co. Land Trust.  If you have any questions regarding our local Land Trust properties for sale please call and ask for Brenda.  We look forward to helping you towards your financial & homeownership goals.  (952) 448-7715.

Lastly, we can review and help you understand almost any lender’s and most real estate agent’s paperwork you have already received.  (Our counseling services are free except as listed in this letter.)

Please share the attached “schedule” with others if you can.  If our “Home Stretch” schedule or location is not convenient for you, other Home Stretch providers in the Metro area and their schedule can be picked up at our office, accessed on the following web page: www.hocmn.org or call 651-659-9336 to have a brochure sent to you.

Our sincere best wishes!

LOU & BRENDA

Louise A. Setterquist, Brenda Lano, Housing/Mortgage Counselors

Carver Co. Community Development Agency  (HUD, NSP, MHFA Approved)

Encs.                                                                                      

DIRECTIONS to CHASKA, Mn.(southwest of Minneapolis, southwest of Eden Prairie)

From the West:  Highway 212 or Hwy 5 east to Mn.41(also Chestnut Street), go south to Seminar; see below

From the South:  go N. on 169 to Mn.41, turn north, go over the river to Seminar; see below

From the North/East: 169 south to 212 west OR 35W South to Highway 62 or I494, West to US 212, west several miles to Mn.41, exit 41(also Chestnut Street), turn left/south, go south to the Seminar; see below.

DIRECTIONS to the SEMINAR in CHASKA: to be determined

POSSIBLE SEMINAR LOCATIONS:

Carver Co. CDA, 705 Walnut St., Chaska– the Seminar entrance is in the back of our building.  Please part on Walnut or in the lot on the northwest corner of our building, behind the Snap Fitness building, not in front of it.

AMERICAN LEGION – 102 4th St., downtown Chaska, 3 blocks from the Minnesota River bridge.

CHASKA HIGH SCHOOL – Pioneer Trail, Chaska

VALLEY FREE CHURCH – Engler Blvd., Chaska

705 Walnut Street, Chaska, MN  55318   www.carvercdaorg         Ph 952-448-7715   Facs. 952-448-6506

 

DIRECTIONS to CHASKA, Mn.(southwest of Minneapolis, southwest of Eden Prairie)

From the West:  Highway 212 or Hwy 5 east to Mn.41(also Chestnut Street), south to Chaska Blvd., left 1 block to Walnut, left to our office/seminar building; see below

From the South:  go N. on 169 to Mn.41, turn north, go over the river and you’re in Chaska Blvd., right 1 block to Walnut, left to our office/seminar location; see below

From the North/East: 169 south to 212 west OR 35W South to Highway 62 or I494, West to US 212, west several miles to Mn.41, exit 41(also Chestnut Street), turn left/south, go to Chaska Blvd., left 1 block to Walnut, left to our office/seminar location; see below.

DIRECTIONS to our OFFICE: We are located in downtown Chaska, 1 block NE of Chaska Blvd. (old Hwy 212) and Hwy 41 intersection, behind the Walgreen’s and in the same building as the Subway, 705 Walnut St.

Shopping and Homes…How are they related?


If you had your TV on lately, you have heard over and over again the reports saying that the holiday sales have increased compared to last year.  Is this really true or are they just hyping the public to get the shoppers to open their wallets?

Home sales are still on a slow decline in price and most people who I have talked with over the holidays or even now say that they have cut their holiday and daily spending way down.  Their fear is that the housing market is not recovering like experts predicted, unemployment seems to still be at an all time high, and gas prices have increased through the roof over that past month.  In Minnesota, some places are charging over $3/gal.

So how does all this related to the shopping malls? 

I can say personally that I have been out shopping lately before the holidays and just here recently and people seem not to be carrying the load of packages that I typically have seen over years past.  Are they buying more expensive smaller gifts or has the gift card finally taken over?  Here is what I have heard from some:
“I get money from my family, so there is no shopping required & I get more when I shop after the holidays as the sales happen then”
“It’s just me & my spouse so we just buy something big like a new TV or car for both of us and don’t exchange individual gifts”
“I do all my ordering online as there seems to be more deals via the internet”                                                                                                  

How does this relate to the housing market?

Home sales have struggled since the tax credit for buyers expired.  There is much data to show that people are not secure enough with the economy the way it stands today to purchase a new or existing home.  As mentioned earlier with unemployment at an all time high, talk of yet MORE foreclosures to hit the market, mortgage regulations changing & requiring a buyer now to provide some sort of down payment sales have declined.  With the decline of sales, comes the decline of prices to get the homes that are on the market sold.  Most sellers on the market now are at their bottom line for an asking price.  So indication shows that if people are not in the malls they are not looking at homes either.

Standards & Poor have just reported that homes sales in the major cities have dropped dramatically and expect to see home sales continue to fall through next year. 

How does this impact me if I want to sell my home?

Make sure it sparkles inside and out.  Think of it as if you were going out shopping.  There are two stores side by side and both carry what you are looking for.  However, the one on the right is dark, dingier and you have heard others say they are way over priced for their goods! What about that one on the left? Well, let’s look at it, when you walk into this shop there is someone there to great you, its bright & you feel the warmth when you walk in the door, everything here sparkles & shines and the prices are incredibly appropriate for the items they are selling.  Which one of these shops would you buy from or tell others about?  This is the way you need to think in a market like we are facing in order to sell your home.

Make it sparkle, warm & welcoming and price it accordingly.  This is not the market to be playing the start high and work my way to a sale.  THE SPIRITS TO MOVE hit people at some crazy times so be sure your home is ready when that mood hits.