Nexus Connection March 30 2010

Mar 2010 30 MORE SIGNS! ........ ....……….1

INSIGHTS .............. ……..…..2

HOME ON THE RANGE......…..3

Connection NEXUSKEEPING YOU ON THE CUTT ING EDGE OF THE

BUSINESS OF REAL ESTATE

More Signs! A message from Frank D’Angelo

MARKET WATCH Data courtesy of MAAR

Feb 2010 Pendings

3,527

One-Year Change:

+6.4%

5.39 Homes on the Market Per

BUYER (March ‘10)

Affordability Index: 213 (March ‘10)

The first quarter of 2010 is already over. The optimism that started the year’s forecast was tempered with a relatively slow start in sales across the metro. A relatively uneventful first quarter had much to do with a reduction of available inventory being held back by the banks. Going forward, we’re experiencing a frenzy of first time homebuy-ers positioning themselves for the looming tax credit deadline next month. Loss mitigation departments have been scrambling to perform and improve their short sale processes and the FDIC is factor-

ing a role in REO inventory as they have taken over several institu-tional banking firms and their assets. Nuances are occurring every month in the industry and

they impact both consumer and REAL-TORS. As I look back at how most REAL-TORS did their jobs a few years ago VS today, I’m re-affirmed of the fact that no one person can really be effective in this indus-try without the support of effective, local training; collaborative mind-sharing; men-toring, networking and taking the initiative to learn more each and every day. The most successful agents have learned that; “You do not become successful doing certain things; you become successful doing things in a certain way”. Great agents focus on doing things effectively to a point that their competition won’t bother competing. That effective effort makes that agent irreplace-able which in turn may be the difference between success and mediocrity. I’m particularly excited to see the growth and improvement of our three morning mas-termind groups who meet on Mondays, Tuesdays or Wednesdays from 8:30 -9:15am. Each morning mastermind session

is open to anyone who wants to grow their business or needs more support. I’m also excited about the newest office of 14 agents planning to merge with us in April. This group of agents will bring an incredible Nexus of cultures, languages and enthusiasm. Additionally, I’m also excited to be moving forward with a team of proven and established producers who want to be aligned with our Nexus here in the Anoka area and the southern Twin Cities areas. Oh by the way, we’ve ordered more yard signs. Last but not least, make sure you look into our Giants Ridge Luxury Vacation Resort options associated with 5% Buyer Referrals and the Fractional Sales available. Contact Mike Peterson for more details or visit www.GETGR.COM

www.exitrealtynexus.com

Feb 2010 Listings

7,165

One-Year Change:

+7.8%

"Get out of the blocks, run your race, stay relaxed. If you run your race, you'll win. Channel your energy. Focus." Carol Lewis

Insights with Chris Kornberg A look at the power of Mindsharing.

UPCOMING EVENTS &

SPECIAL OCCASSIONS

April 2nd    Happy Birthday Jenna Paulzine!!  April 20th     Happy Birthday Karen Tobler!!  

April 1th:    MLS Invoice DUE!! MLS Invoice DUE!! MLS Invoice DUE!! ‐‐‐                  www.northmetro.comwww.northmetro.comwww.northmetro.com    

April 6th:    REBar Camp REBar Camp REBar Camp ‐‐‐                  for details visit http://rebarcamp.com/minneapolis/for details visit http://rebarcamp.com/minneapolis/for details visit http://rebarcamp.com/minneapolis/    April 15th     WCR Spring Fling Gala & Dress for Success Benefit       Bloomington, 11‐2 pm www.twincitieswcr.org for Details  

I switched brokerages about 6 months ago and moved to EXIT REALTY NEXUS. At the time, I had been toiling with short sales being difficult and/or not closing. I took advantage of our weekly training sessions, in par-ticular the Mastermind Sessions. Within 1 month, I closed 4, that’s right, 4 short sale transactions that I had pretty much given up on prior to coming to EXIT. I thought they were dead deals! I have learned a lot regarding the foreclosure market including the short sale process and under bid sheriff’s sale situations. With all this great information, I have been able to become a resource to help people know their options in regards to foreclosures and short sales so they can make the best

decisions. Whether it is success-fully closing a short sale, or find-ing the correct sheriff’s sale bid amount on their mortgages and informing them of their new rights and options, I am able to do more for my clients. Thanks to knowing how these options work, I have even been success-ful in helping people receive funds at closing and save a fore-closure on their record. What a relief for my cli-ents; and, they now have peace of mind since this is huge for future credit purposes! It minimized the amount of time it will take for them to purchase another home. I am also currently helping people in these situations

through their relocation process. All thanks to a couple hours a week! Mindsharing and getting the right information goes a long way. EDITOR’S NOTE: I’ve received tremendous testi-monials and comments regarding

Chris Kornberg over the past few months. Below are is a glow-ing example: “We wanted to take a minute and thank Chris for his im-

measurable assistance in the recent sale of our home. Chris is honest, caring and professional. Our initial contact was through a marketing letter that Chris sent

us. He called back immediately and was very helpful and knowl-edgeable about the whole short sale/foreclosing process. Chris is also resourceful; he gave us a business referral so that we can start repairing our credit. We would strongly recommend Chris to our family and friends or anyone because we know that he will listen to their needs, and take care of them from begin-ning to end. Not only did our home sell, we feel we walked away with a friend. Chris is the best!!” June and Pheng Y., Monticello, MN. Comments or Questions? Contact Chris at 763-548-1474 or at [email protected]

...within 1 month I

closed 4 short sale

transactions...

Home on the Range

Michael W. Peterson is “The Real Estate Guy” at The Lodge At Giants

Ridge (www.LodgeAtGiantsRidge.com).

The Iron Range is a diverse re-

gion with a rich past. The hardworking families that pulled the resources up from the ground were the people that created the ma-terials that literally built the country from the ground up. Each Range community has its own unique stories and attrac-tions. I love everything about the Iron Range. In particular, The Giants Ridge area has incredible natural beauty and is a wonderful escape for hard working families. The people are some of the nicest folks I’ve met any-where in the world. There is so much to do that all gen-erations of the family can find plenty of things to en-joy together. The Giants Ridge area, in the quaint Iron Range town of Bi-wabik, is a true four season

resort with 3 of the top 100 golf courses in the country, one of the top 5 ski resorts in the Midwest, 60 kilome-ters of groomed cross-country trails where the US Olympic team has trained, 2000 miles of snowmobile trails that lead all the way into Canada, 100 miles of paved bicy-cle trails that connect a dozen his-toric towns and some of the most gorgeous lakeshore available any-where in the world. What a great place to own real es-tate! “But, Mike, I can’t afford ownership at a top resort” you might say. What if there was a better option than traditional ownership? I am so glad to tell you there is a better option to make it affordable called

Fractional Real Estate. In fact, people who own Frac-tional real estate often find it is cheaper to own a lux-ury condominium than it is to rent a small hotel room. This is possible because Fractional ownership en-ables families (or individu-als, or businesses) to get

100% of the bene-fits of real estate ownership with only 20% of the cost. The way this works is that one property

is divided into 5 one-fifth shares so that the owner of each share gets to use the property for 10 weeks per year. Since it’s a condo, all maintenance and upkeep is handled by the on-site Management company. Since most families won’t use all 10 of their weeks every year, you can make your condo available to the

front desk. They can rent the unused weeks to skiers, golfers, wedding parties and corporate events. Since it is deeded property it is eligible for mortgage financ-ing. Since it can be catego-rized as second home own-ership, it gets preferred tax treatment and second-home deductions from the IRS. Consult your financial advisor or accountant for details. Once you are up North, make sure you get a dose of the history along with cre-ating those lasting memo-ries that can be found all year round at Giants Ridge. Michael W. Peterson can be reached at (763) 548-1436 or through his website at www.getGR.com.

...lasting

memories that can be found all year

round...

CONGRATULATIONS ON YOUR SUCCESSES

LISTINGS & CLOSINGS

Donavon DesMarais (multiple) Chris Kornberg (multiple) Sheldon Berquist (multiple) Frank D’Angelo (multiple) Jodi Vezina (multiple)

Justin Burke (multiple) Brian Watson Jan Strand Randy Lee

"I am personally convinced that one person can be a change catalyst, a "transformer" in any situation, any organization. Such an individual is

yeast that can leaven an entire loaf. It requires vision, initiative, patience, respect, persistence, courage, and faith to be a transforming leader."

Stephen R. Covey