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Twin Cities Real Estate News

Blog by john mazzara
Edina, Minnesota

Let's talk about the Twin Cities Real Estate Market. I will post helpful links and answer questions about real estate or mortgages. I live and work in Minnesota, so some of my ideas may focus specifically on Minnesota real estate or mortgage regulations applicable to our state.

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Twin Cities Real Estate News

FREE online Computer classes|Learn or go the way of the dinosaur

Jun. 29, 2008

Computer literacy is key to connecting with the first time buyers-they are younger and use the computer.  Are you reaching them through your efforts?  How this Minnesota Realtor had an Epiphany! 

Approximately 18 months ago I sold 7 condominiums to various Twin Cities investors.  We collectively agreed to share the responsibilities for showing the properties as well as splitting the costs for 7 weeks.  Each investor client was assigned a designated week and duty for marketing.  When advertising for prospective tenants, we did the following:  classified ads in the Star Tribune, classified ads in the Pioneer Press, Classified ads in the Minnesota Daily, posted flyers at all available spots at the U of M, St Thomas, St Cathrine's and Augsburg, posted at the coffee shops bulletin boards, and posted an online ad at Craig's List. 

Guess where all but one of the tenants were found?  Craig's list.  The one tenant that came from the Star Tribune was found by the tenants parents-they were searching for places for him as he was out of town relocating back to Minnesota after college.  They still read the paper because they are of that generation.  I confess, I am also of that generation and but I now forgo the local paper.  Since college, I've read the Wall street Journal.  I do so daily and wouldn't miss it.  It goes extremely well with a hot cup of coffee and my cereal in the AM.    BUT, I also get my daily news from sources such as Drudge Report and Breitbart. 

From this rental experience, I became aware that I needed to learn the computer better.  While I wasn't incompetent, I can always improve.  I enrolled in the E-Pro course that Fall.  If you are a Realtor and plan on staying a Realtor, you NEED to take this course.  I'm not kidding.  You will learn a ton.  Also, one of your assignments will be to set up your blog at RealTown.  I initially let blog remain semi dormant, then I started to get into it.  My advice is just start.  Did you know that Yahoo loves RealTown?  Prove it to yourself-write a local blog post and check for the title key words.  You will be in the top 20 almost for sure.  From my own observation, it appears that Google likes Activerain and will index them more often than RealTown, but they still index RealTown too.  I could be wrong, but that's what I think I've noticed.  Anyway, the point is you need to hone your computer skills and you need to become an E-Pro.

Besides E-Pro class, where do you go?  Did you know that HP offers FREE online computer classes-24/7?  Here is the link:  http://h30187.www3.hp.com/all_courses.jsp

Another resource that I've found that you might like comes at it from an internet marketing angle.  Sometimes learning a topic from another angle will give you an edge in your business-such as real estate sales.  There is a guy named Eric Holmlund at http://www.ericstips.com/  He has great little 15 minute video.  I think his subscriber list is about 33K people.  I think he's refreshing because he provide a lot of value and isn't trying to sell you something every five seconds.  That isn't to say he won't have something to sell you in the future.  From his most recent blog post and video, he offered these online learning resources for the basics:

http://www.umuc.edu/distance/odell/ctla/basic_skills/basic_skills.shtml
http://www.spclc.org/curriculum.html
http://www.ctdlc.org/remediation/ (includes quizzes)
http://www.basiccomputerinformation.ca/
http://www.swfpcug.org/faq/
 

Future Homeowners are Today's foreclosures and short sales

Jun. 27, 2008

Many of us have met with prospective buyers and people who are having financial difficulty.  In today's stressed economic environment you don't have to look too far.  Besides the obvious reasons, sometimes "life just happens."  In times like these, you might want to collect information that could be useful to help people rebuild their lives and credit.  Besides doing a public service, you might be building your future pipeline of business.  We are our brothers keeper.

From a business perspective, who is going to be buying homes in the next 3-5 years?  It is all the people who have just lost their existing home to foreclosure.  Many want to be homeowners again.  If you establish relationships and are helpful today, when they are creditworthy they will remember who helped them in their darkest hour. 

Like a farmer, you need to plant your seeds before you can harvest your crop.  I can guarantee you won't have much competition.

I have two resources that are E-books that I provide-You are welcome to click on the link and download a copy for yourself or anyone who can benefit from the information.  Here are the links to the books and the outline of the content

The first one is on credit:

101 Fast Fixes To Boosting Your Credit Score

By the end of this ebook, you will be able to:

•Define a credit score, a credit report, and other key financial terms
•Develop a personalized credit repair plan that addresses your unique financial situation
•Find the resources and people who can help you repair your credit score
•Repair your credit effectively using the very techniques used by credit repair experts

Plus, unlike many other books on the subject, this ebook will show you how to deal with your everyday life while repairing your credit. Your credit repair does not happen in a vacuum.

The second book is entitled:

Household Budgeting-The amazing secret to creating a family budget that leads you our of debt, fills your savings accounts and escorts you to your next vacation.

Family Budgets: A Brief Introduction

* Why an e-book or how-to guide on setting up a family budget?
* Why would or do you need a family budget?
* The business case for and rationale behind family budgeting
* Benefits and advantages of a family budget

Family Budgets Defined

* What is a family budget?
* What constitutes a good family budget?
* What should it contain and look like?

The Family Budget Process

* How to set up a family budget?
* Some practical suggestions and a step-by-step summary of a family budget process
* Hints, tips, tricks and tools for setting up a family budget
* How should a family budget be used?

Final Thoughts On Setting Up A Family Budget