BIG MARINE LAKE HOMES SOLD

BIG MARINE LAKE HOMES THAT SOLD SO FAR IN 2011-2012

NOT ALOT OF HOMES COME AVAILABLE OR SOLD ON THIS LAKE. WE WILL CONTINUE TO KEEP YOU UPDATE ON THE LATEST LAKE SHORE THAT SELLS OR ACTIVITY ON THE LAKE.

Minimums and Maximums

This page summarizes key fields of the listings in this analysis.

The listings in this analysis can be summarized as follows:

Priced between $129,900 and $279,000 1 to 4 Bedrooms
1.00 to 2.00 Bathrooms
480 to 2,496 Square Feet

$52 to $375 per Square Foot Built between 1964 and 1970 42 to 48 years old

http://www.mnlakehomescontractfordeed.com

Big Marine lake in a clean lake located 30-45 minutes from the twin cities metro area.

Table Summary of Comparable Solds

This page summarizes the comparable sold listings in this market analysis.

Sold Listings Address

19039 Larkspur Avenue 18190 Olinda Trail 19045 Layton Avenue

List Price

$129,900 $180,000 $279,000

Sale Price

$129,900 $175,000 $250,000

$184,967

$175,000 $129,900 $250,000

$ Change LP to SP

$0 $-5,000 $-29,000

$-11,333

$5,000 $-29,000 $0

% Change LP to SP

0.00 -2.78 -10.39

-4.39

-2.78 -10.39 0.00

Sold Date

01/06/2012 08/19/2011 01/25/2012

DOM CDOM

77 77 209 209 223 223

170 170

209 209 77 77 223 223

Saturday, February 11, 2012

Average $196,300

Median $180,000

Minimum Maximum

$129,900 $279,000

Number of Days On Market

This graph illustrates the number of days on market for the listings in this analysis.

Days On Market

80 40 0

DOM

MLS#

4082129arched and prepared by Steve Vennemann 1974 Castle Ct. Maplewood, MN 55109 651-334-831

3984696

4041092

Days On Market

Saturday, February 11, 2012

List Price and Sale Price

This graph illustrates the list price, along with sale price in Sold listings.

Price Graph

280K 240K 200K 160K 120K

80K 40K 0K

List Price

Sum of SingleFamily.SalesClosePrice

MLS#

4082129Researched and prepaed by Steve Vennemann 1974 Castle Ct. Maplewood, MN 55109 651-334-831

3984696

4041092

Price

Pricing Recommendation

This page suggests a recommended selling price based on a thorough analysis of your property.

After analyzing your property, comparable properties on the market now, recent sales and comparable properties that failed to sell, I conclude that in the current market, your property is most likely to sell for

Market Analysis Explanation

This is an explanation and overview of this market analysis.

This Comparative Market Analysis will help to determine the correct selling price of your home. Ultimately, the correct selling price is the highest possible price the market will bear.

This market analysis is divided into three categories:

1. Comparable homes that are currently for sale 2. Comparable homes that were recently sold
3. Comparable homes that failed to sell

Looking at similar homes that are currently offered for sale, we can assess the alternatives that a serious buyer has from which to choose. We can also be sure that we are not under pricing your home.

Looking at similar homes that were sold in the past few months, we can see a clear picture of how the market has valued homes that are comparable to yours. Banks and other lending institutions also analyze these sales to determine how much they can lend to qualified buyers.

Looking at similar homes that failed to sell, we can avoid pricing at a level that would not attract buyers.

This Comparative Market Analysis has been carefully prepared for you, analyzing homes similar to yours. The aim of this market analysis is to achieve the maximum selling price for your home, while being able to sell your home within a relatively short period of time.

BIG MARINE LAKE BUYERS INFORMATION GUIDE. QUICK LOOK AT THE PRICES YOU CAN EXPECT TO PAY FOR BIG MARINE LAKE SHORE-CABINS-LAKE LOTS-DEEDED ACCESS-NEW CONSTRUCTION LAKE HOMES-CONTRACT FOR DEED LAKE SHORE-

Sources of Buyers

This page illustrates the primary sources of buyers for your property.

When you want a buyer, come to us first

There are several excellent reasons for selecting a professional Real Estate Agent to handle the sale of your property. For starters, our long-standing real estate expertise gives us the ability to network with other firms’ agents to promote your property to the widest possible audience, including the Internet. Selling your property depends on a lot more than advertising and signage – it takes referrals, word-of-mouth advertising, and networking.

The Importance of Pricing

This chart highlights the importance of pricing correctly at market value.

This graph illustrates the importance of pricing correctly. The centerline represents market value. As you move above this market value, you attract much smaller percentage of prospective buyers, greatly reducing your chances of a sale. Conversely, as you move below market value, you attract a much larger percentage of potential buyers.

I want to sell my Big Marine Lake property.

The Effect of Over Pricing

This chart highlights the importance of pricing correctly at market value.

This is the average percentage difference between the Selling and Asking Price by the length of time the home was on the market.

- Put your best foot forward immediately

- Establish a competitive asking price

- Keep your home in top showing condition - Offer favorable financing terms

The Pitfalls of Overpricing a MN lake home-Minnesota lake shore

This chart highlights the importance of pricing correctly at market value.

Overpricing your house in the belief that you can reduce the price back later is a strategy that can backfire badly. For example, by the time you reduce your price, you may miss out on a surge of interest in properties like yours. Also, if prices are lowered, buyers may wonder if there’s something wrong with the property that kept other buyers away. So to keep from selling your property at below market value and from wasting valuable time, don’t fall into the overpricing trap

Setting the Price

This chart highlights the importance of pricing correctly at market value.

When setting a price for your property, the listing level must strike a balance between the seller’s need to achieve the best-possible return and the buyer’s need to get good value. With many years of experience, a professional Real Estate Agent can help you set a price that will accomplish both objectives.

Establishing market value

The market value of your property is determined in exactly the same way as any other commodity – what a buyer is willing to pay for it in today’s market. Despite the price you paid originally, or the value of any improvements you may have made, the value is determined by market forces.

Look at the competition

Buyers look at about a dozen properties on average before making an offer on a property. As a result, they have a good overview of the market and will compare your property against the competition. If it’s not in line with similar properties that are available, buyers won’t consider it good value for money.

Where a Commission Goes

This page describes how a commission is divided amongst all of the parties involved.

After a successful sale of your property, the real estate commission is shared among all who assisted in this important transaction. Generally, the commission is divided four ways: to the listing broker, the listing agent, the selling broker and the selling agent. In recognition of the important roles each played in the sale of your property, each is compensated by a percentage of the commission.

BIG MARINE LAKE REALTOR-REAL ESTATE COMPANY BOARDWALK PREMIER REALTY INC

The Benefits of Using a Professional Realtor

This page outlines the benefits of using a professional Realtor to sell your property.

You’ll experience a wide variety of benefits when you hire a real estate professional. Successfully selling a property is a complicated exercise, and Realtors have the experience, resources and contacts to complete your sale quickly and smoothly.

Pricing

A Realtor will help you determine the selling price of your property at a level that accurately reflects its value in current market conditions and will not cost you missed opportunities.

Marketing

A Realtor will have many useful suggestions on ways to improve the marketability of your property, including cosmetic repairs and other items that will create a favorable impression among buyers.

Your property will enjoy a wider exposure among buyers when you use a Realtor. In addition to using flyers and organizing open house days, a Realtor’s extensive contact list of former clients, newly qualified buyers and other industry professionals can significantly reduce the time your property is on the market.

A Realtor will also allow you to tap into a highly productive and extensive industry network, such as a Multiple Listing Service or other industry marketing system.

Advertising your property efficiently is another area where a Realtor can play an important role. A Realtor’s experience in deciding on the most appropriate type and frequency of advertising for your property can be invaluable. For example, placing too many ads can create the impression that there may be something wrong with the property or that the seller is desperate.

Security

Security is a major consideration when showing your home. By using a Realtor, you can rest assured that all showings will be pre-screened and supervised.

Negotiating

When negotiating a purchase, most buyers prefer to deal with a middleperson who is objective, unemotional and professional. Buyers will often feel more comfortable with a Realtor than with the owner when they want to raise issues that need resolving before making an offer.

Monitoring, Renegotiating, Closing or SettlingA Realtor will guide you through the minefield of potential problems associated with the appraisal, inspection and financing process, including the often complicated escrow instructions. In addition, your agent can meet and instruct any specialists or tradespeople who may be required for repairs or other issues that need to be completed before closing.

STEVE VENNEMANN 651-334-8312

CONTRACT FOR DEED AGENT-BROKER- BIG MARINE LAKE HOME SPECIALIST.

My Guarantee to You

This page is my personal guarantee to you.

A guarantee you can count on

I'm so committed to meeting your sales objectives in a professional and pleasing manner, that I am willing to put our guarantee in writing.

My Performance Guarantee

I will develop a Property Marketing Plan that clearly spells out the methods I will use to promote your property to the widest-possible audience.

If I don’t act according to the agreed activities in the Plan, you may:

Advise me that you aren’t satisfied and ask for a revision of the Plan
or
Cancel the Listing Agreement
Your complete satisfaction is my foremost concern.
Steps to a Positive Showing
This page describes the key steps to making for a positive showing of your property.
You only get one opportunity to make a good impression, so you want to make it count. By following these guidelines, you’ll enhance the attractiveness of your property and reduce the time it takes to generate serious offers.
First Impressions
How your property appears from the outside is important. To make a good first impression on a buyer, a clean driveway, a freshly mown lawn or a trimmed hedge will work wonders.
Do a critical inspection of the exterior of your property, paying special attention to the condition of your windows, shutters, screens and gutters. One of the first things a buyer will notice is the need for painting. If your property looks like it needs painting, many buyers will form an unfavorable impression. Elsewhere, little things count. Make sure the front door is spotless, including the doorknob, and that the windows gleam.
Cleanliness Counts
Once inside your property, one of the key factors that influences its appeal to a buyer is cleanliness. Most important is front hallway, the kitchen and the bathrooms. Do a room-by-room cleaning, and don’t forget any out-of-sight areas because that’s often where a discriminating buyer will look first.
The state of the carpets can also be a determining factor. At the very least, have your carpets cleaned, and if they are worn, it’s wise to replace them, or remove them if there is hardwood underneath.
Less is More
Clutter makes a poor impression. In closets, cabinets, kitchen countertops and other storage areas like basements, remove anything not needed for daily housekeeping. To make each room in your property look larger, get rid of or donate unnecessary furniture. Walk through your property and think: “Less is more.”
Repairs
Make sure everything is in good working order. Dripping faucets, squeaky steps and loose doorknobs can easily create a bad impression and reduce the value of your property. A few hours spent on repairs, whether by yourself or a tradesman, can pay big dividends when an offer is made.
Little Things Count
It’s easy to improve the appearance of any room. You may want to replace worn rugs or small pillows, put new towels in the bathroom or brighten up a room with a vase of flowers.
Pull Together
Get all the members of your household to pull together when it comes to getting – and keeping – your property ready to view. By getting everyone into the habit of spending a few minutes tidying up every morning for an afternoon showing, you improve your chances considerably.
WHAT IT TAKES TO SELL MY MN LAKE HOME-CABIN-MN LAKE SHORE-NEW CONSTRUCTION-LUXURY PROPERTIES ON THE WATER.
What it Takes to Show
This page describes what it takes to show your property.
Scheduling the Showing
Coordination is the key. Before a sales associate from our firm or a cooperating broker shows or previews your property, a representative from our firm will contact you to schedule an appointment. You will then be notified of the timing, and, if it’s acceptable, the appointment will be confirmed. If you can’t be reached, the showing will proceed on the understanding that you wouldn’t want to miss any chances for interested buyers to view your property.
Timing
Ordinarily, you’ll get plenty of notice about an appointment request. Some buyers, however, may ask to see your property as soon as possible. In such cases, a showing could take place within an hour or so. If a buyer requests a change to the timing of a scheduled showing, you’ll be given as much notice as possible.
Special Instructions
Any special instructions you may have given to your listing agent, such as information on pets, parking or security, will be listed in your property file and thoroughly explained to the sales associate who requested the showing.
The Showing
If you’re not on hand during a showing, the sales associate will use the property’s lock box to enter. If you’re available, sales associates will introduce themselves and give you a business card.
Privacy
The fewer people around during a showing, the better. It’s also a good rule to let the buyer roam freely and discuss the property with the sales associate without interruption. A properly briefed sales associate will know the buyer’s needs and will be able to point out the features that meet the requirements.
Contact Information
If you’re not going to be available to approve an appointment request, it’s important to notify your sales associate. By leaving a telephone number where you can be contacted, you can be notified immediately about an offer.
Previews
Occasionally, sales associates may schedule an appointment to view your property without a buyer. By familiarizing themselves with what’s on the market, they will be an excellent position to alert a buyer to a property that fits the bill.
Unscheduled Appointments
Ask any people who show up to view your property without an appointment to telephone the listing agent to request a showing. Even if the person identifies himself or herself as a licensed sales associate, an appointment request must be made first through your listing agent.

RELATED MN BIG MARINE LAKE LINKS-LAKE HOMES FOR SALE-CABINS-DEEDED ACCESS-LAKE VIEWS-OWNER FINANCING-MN CONTRACT FOR DEED HOMES-
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