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The BOTTOM LINE on today's MN Realty

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If you are writing an offer for less than 5% off the asking price on a MN home for sale, there is a very good chance someone else is going to buy the house that you love. We see it over and over, most MN foreclosures have multiple offers. So don't believe your moms brother who has a friend that bought a house listed for $750,000 for $300,000. The bottom line is most Fannie Mae properties do not even look at offers less than 95% of the asking price the first 30 days on the market. 

If you have a MN home to sell, this is a very unique opportunity. We have not seen such low levels of bank foreclosures like right now since mid year 2007. Everyone hates to compete against a foreclosure, so now is your time to get on the market and get off the market before inventory levels start rising again. Experts predict the banks will start releasing a lot of their inventory that they have been holding back within the next 90 days.

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Date: Monday, June, 29th 2009 @ 08:47:11 AM
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