Excerpt from: Real Estate Industry Challenges and Solutions
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| February 04, 2009 | | Alan Dirks, Regional Owner issues press release | Press release: Minneapolis / St. Paul, MN (Grassroots Newswire) EXIT Agents throughout Minnesota are finding new ways help their clients buy homes through existing programs available via the state. With the availability of local, state and federal funding, buyers are able to get more for their real estate dollar at a time where the affordability is good and interest rates are still low. Luckily for Minnesota home buyers, the state has always been a leader in the real estate market in terms of available programs and buyers can take advantage of the opportunities.
According to the Minneapolis Area Association of REALTORS, the Twin Cities metro area has seen a 31 point jump in the affordability of homes. Thanks to those low rates and lower home prices. However, buyers have less to choose from now than they did a year a go as we now are seeing a 20% drop in the supply and demand ratio. This is due to less homes being on the market and more sales in the past months.
In terms of foreclosures, EXIT Realty Minnesota has a number of offices that specialize in Broker Price Opinions for Asset Management companies. By being on the front lines of the foreclosure arena, EXIT agents have access to many properties before they are assigned to go on the market. In addition, EXIT professionals are able to guide their clients to programs like one made available from the City of Minneapolis which announced on January 7th, 2009 that a $1.5 million dollar grant in now available to help neighborhoods in foreclosure. Eligible buyers can receive a $10,000 grant towards down-payment and closing costs on the purchase of a foreclosed home within specific communities in Minneapolis. Other cities and counties have programs available as well.
For information on joining EXIT Realty as a sales representative or for real estate franchise opportunities in Minnesota and Wisconsin, please contact:
Alan Dirks, Regional Owner EXIT Realty Minnesota and Wisconsin adirks@exitrealtymn.com 952-697-5900
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