The idea of purchasing a home for substantially less than anticipated is something we can all agree upon. As the economy stagnates into a state of disrepair, we are all wondering when that much-needed break will come. Well, while some of us will have to wait until the recession’s suffocating grasp eases up, others can wine and dine Lady Luck today.
This past July marked the 17th consecutive month where foreclosures have exceeded 300,000 nationally. Never before have we seen such a network of real estate property available for not only significantly cheaper but accompanied by the lowest interest rates in 39 years. Banks are increasingly desperate to sell properties in jeopardy, as they are trepidatious about the welfare of their loans. What’s more is that the density of competition within the current market is almost non-existent. The majority of people interested in owning a home will not forego the troubles of negotiating through a pre-foreclosure, short sale or real estate owned (REO) offer. This opens up an incredible window of opportunity to invest in a property and see a more-than-generous turnout to fruition.
As an expert in property investment, I highly recommend the idea of buying a distressed home that is soon to be fresh on the market for several reasons. Consider purchasing a distressed property for a shadow of its previous price and, either, renting out your current home or simply switching your primary residence on the tax rolls. Through a short sale or REO purchased piece of realty, you could be looking at earning a cool $500,000 – tax free – in as little as two years.
With that being said, many transactions carry their share of risks and one must tread carefully before going ahead with such a lofty investment. As a recognized realtor within the Twin Cities’ West Metro, it is my duty and passion to ensure you make the best possible buy. Here is some personal insight I’ve gathered, based upon knowledge from past dealings and experiences:
Presenting the offer of a short sale, before a house’s impending foreclosure, generally carries the highest rate of success. Making an offer to purchase a property for less than the mortgage loan is an amicable way to score the best price and lessen the blow on the seller’s credit score.
A good place to start is researching the original sale price of the property to the owners. Troubled loan departments will typically take an offer equal to around 80% of the loan without a fight. If you are looking at a piece of property where the homeowners paid top dollar and received a 100% loan, you may have to offer anywhere between 20-30% of the mortgage to come out with a good deal. No matter the circumstances, always be sure to start with the lowest reasonable proposal -- making them come back to you with a counteroffer.
Next, get permission from the current borrowers to contact the bank’s short sale department. Find out the property’s exact foreclosure date, and with this knowledge in hand, issue a timely offer to the short sale department. Since this department does not communicate with the foreclosure people, odds are your short sale proposition will be accepted.
While these results aren’t typical and certainly not easy, turning a profit is more than plausible. The thought of earning $500,000 tax-free should be more than enough incentive to give it your best shot. However, in order to position yourself in the way of these earnings, you would need to buy something nicer than a $150,000 house on a suburban lot. For instance, say you purchase a house with the last transaction price being 700,000 and a $540,000 mortgage. If you purchase that for 35% off, you pay $351,000. When inflation skyrockets, sell it for $910,000, gain half a million dollars and go home after two years, tax-free. Food for thought.
[Note: This figure is derived from a husband-and-wife exclusion for the tax on the capital gain of a primary residence that has been occupied two of the five prior years.]
With so options out there, I understand how overwhelming the process of buying, sell or leasing a property can be. As your number one realtor in the Twin Cities’ West Metro, I am here to take the complexities out of any transaction. Let me handle the banks, lenders, borrowers and paperwork as you sit back and reap the benefits. With over ten years of experience, I’ve seen it all before.
So call me, Travis Senenfelder, today to discuss short sales, pre-foreclosure, property investment and anything under the real estate sun. I can be reached at 651-216-9466 or through my email: travis@buysellleasemn.com.
All the best,
Travis Senenfelder,
President, BSL Real Estate
440 2nd St.
Excelsior, MN 55331
For information on investment property: http://www.buysellleasemn.com/sell/investment-property/
For information regarding first-time homebuyers: http://www.buysellleasemn.com/sell/first-time-buyers/
Wednesday, August 25, 2010
Discover the Twin Cities' West Metro with Realtor Travis Senenfelder
One of the many great things about the Twin Cities’ West Metro is the range of diversity when it comes to small communities and affable neighborhoods. Several clusters of communal liveliness exist, scattered about Hennepin County’s expansive field of cities and townships. So whether you’re looking to share a meal with friends, partake in a little retail therapy or just unravel with a cup of joe, make sure to visit these featured communities for an afternoon you won’t soon forget.
Excelsior and Grand: The shops of Excelsior and Grand are conveniently located in downtown St. Louis Park, teetering on the verge of Uptown and Lake Calhoun. Featuring an eclectic mix of acclaimed restaurants and boutiques, this community is sure to meet the standards of any serious shopper.
Prepare your fall wardrobe with stores such as Shorty’s Loft, OPM and Max’s Boutique. The wide selection of jewelry, accessories and designer clothing offer unique and inexpensive options to women of all tastes.
Take a personal day when you drop the kids off at Kinder Care, grab a cup of Starbucks, and get a fresh haircut from The Hair District. For the cherry on top, spend the remainder of the day being pampered at Ocean Spa & Nails where you’ll receive the finest hand and feet relaxation.
Cap off the night with delicious American Fare and an ice-cold beer at McCoy’s or perhaps opt for a slower pace as you enjoy fresh baked soups and salads from Panera Bread.
Throw in biking/jogging trails, Metro Transit bus lines, a bevy of community amenities and you have a certified winner.
50th and France: With over 175 retailers and professional services, it’s no wonder why 50th and France is a staple of Twin Cities’ West Metro excitement and individuality. It’s hard to know where to start. The shops of 50th and France have it all – literally. Revive your closet with more than fifty boutique stores such as Little Enchantments, Bumbershute and Studio One Eleven. Kick off your day with a morning workout at Steele Fitness and afterwards pop in Spalon Montage for some personal TLC. Dine out at the Grass Fed Cattle Company where you’ll receive nothing but local, free range and antibiotic free beef.
No matter your bank account, 50th and France is the perfect balance of luxury and affordability. The choices never seem to end over here, so do yourself a favor and come explore. If you get lost in all the fun, don’t say I didn’t warn you.
Arbor Lakes: Arbor Lakes is always a good time. Being a recently constructed development, Arbor Lakes has a powerful sense of modernity infused throughout the layout, architecture and location. Treat yourself to a shopping-mall-esque feel as you weave in and out of freshly built retail stores, boutique shops and fine dining. The shops at Arbor Lakes have got what you’re looking for when it comes to clothing, electronics, food, home & garden and more.
Downtown Wayzata: Always a breath of fresh air: Downtown Wayzata’s picturesque community sits alongside beautiful Lake Minnetonka. Restaurants like Sunsets, Northcoast and Blue Point put you right on the water as you take in marvelous views, wines and local dishes. Specialty boutiques, such as Blanc de Blanc, line the cobblestone of Wayzata’s main street with rare clothing and handmade accessories. Whatever you choose to do, you’ll be immersed in abundant foliage, sunny skies and friendly people.
Downtown Excelsior: I try not to sound biased here – for obvious reasons – but I simply love the community around me in downtown Excelsior. When I started looking for locations to move my company, I knew I would have a seriously tough choice to make. However, when I visited Excelsior, the burden of that choice seemed to disappear. Excelsior chose me – if you will – it just seemed to fit so well.
The strong sense of culture, community and companionship is what makes Excelsior a truly remarkable place to live. Every day provides something me with something fun to do and new to try. Try 318 Café’s lemon pie, grab some fresh tomatoes at the Farmer’s Market, cruise Lake Minnetonka through Al and Alma’s Charter Boats, sip a beer at Jake O’Connor’s… I could go on and on.
These are just a few of the amazing communities available within the Twin Cities’ West Metro. If you are even slightly dissatisfied with your current living situation, let me help you reconsider your location and redefine your sense of happiness. Call me, Travis Senenfelder, today at 651-216-9466 or send me an email at travis@buysellleasemn.com regarding any questions or concerns you may have.
Welcoming you home,
Travis Senenfelder
President, BSL Real Estate
440 2nd St.
Excelsior, MN 55331
http://www.buysellleasemn.com/
Check out each community’s respective website for further information:
Excelsior and Grand
3820 Grand Way
St. Louis Park, MN 55416
http://www.excelsiorandgrand.com/
50th and France
West 50th Street and France Avenue
http://www.50thandfrance.com/
Arbor Lakes
Maple Grove, MN 55369
http://www.arborlakes.net/
http://www.shoppesatarborlakes.com
Downtown Wayzata
http://www.wayzatabaycenter.com/
Downtown Excelsior
http://www.ci.excelsior.mn.us/
Excelsior and Grand: The shops of Excelsior and Grand are conveniently located in downtown St. Louis Park, teetering on the verge of Uptown and Lake Calhoun. Featuring an eclectic mix of acclaimed restaurants and boutiques, this community is sure to meet the standards of any serious shopper.
Prepare your fall wardrobe with stores such as Shorty’s Loft, OPM and Max’s Boutique. The wide selection of jewelry, accessories and designer clothing offer unique and inexpensive options to women of all tastes.
Take a personal day when you drop the kids off at Kinder Care, grab a cup of Starbucks, and get a fresh haircut from The Hair District. For the cherry on top, spend the remainder of the day being pampered at Ocean Spa & Nails where you’ll receive the finest hand and feet relaxation.
Cap off the night with delicious American Fare and an ice-cold beer at McCoy’s or perhaps opt for a slower pace as you enjoy fresh baked soups and salads from Panera Bread.
Throw in biking/jogging trails, Metro Transit bus lines, a bevy of community amenities and you have a certified winner.
50th and France: With over 175 retailers and professional services, it’s no wonder why 50th and France is a staple of Twin Cities’ West Metro excitement and individuality. It’s hard to know where to start. The shops of 50th and France have it all – literally. Revive your closet with more than fifty boutique stores such as Little Enchantments, Bumbershute and Studio One Eleven. Kick off your day with a morning workout at Steele Fitness and afterwards pop in Spalon Montage for some personal TLC. Dine out at the Grass Fed Cattle Company where you’ll receive nothing but local, free range and antibiotic free beef.
No matter your bank account, 50th and France is the perfect balance of luxury and affordability. The choices never seem to end over here, so do yourself a favor and come explore. If you get lost in all the fun, don’t say I didn’t warn you.
Arbor Lakes: Arbor Lakes is always a good time. Being a recently constructed development, Arbor Lakes has a powerful sense of modernity infused throughout the layout, architecture and location. Treat yourself to a shopping-mall-esque feel as you weave in and out of freshly built retail stores, boutique shops and fine dining. The shops at Arbor Lakes have got what you’re looking for when it comes to clothing, electronics, food, home & garden and more.
Downtown Wayzata: Always a breath of fresh air: Downtown Wayzata’s picturesque community sits alongside beautiful Lake Minnetonka. Restaurants like Sunsets, Northcoast and Blue Point put you right on the water as you take in marvelous views, wines and local dishes. Specialty boutiques, such as Blanc de Blanc, line the cobblestone of Wayzata’s main street with rare clothing and handmade accessories. Whatever you choose to do, you’ll be immersed in abundant foliage, sunny skies and friendly people.
Downtown Excelsior: I try not to sound biased here – for obvious reasons – but I simply love the community around me in downtown Excelsior. When I started looking for locations to move my company, I knew I would have a seriously tough choice to make. However, when I visited Excelsior, the burden of that choice seemed to disappear. Excelsior chose me – if you will – it just seemed to fit so well.
The strong sense of culture, community and companionship is what makes Excelsior a truly remarkable place to live. Every day provides something me with something fun to do and new to try. Try 318 Café’s lemon pie, grab some fresh tomatoes at the Farmer’s Market, cruise Lake Minnetonka through Al and Alma’s Charter Boats, sip a beer at Jake O’Connor’s… I could go on and on.
These are just a few of the amazing communities available within the Twin Cities’ West Metro. If you are even slightly dissatisfied with your current living situation, let me help you reconsider your location and redefine your sense of happiness. Call me, Travis Senenfelder, today at 651-216-9466 or send me an email at travis@buysellleasemn.com regarding any questions or concerns you may have.
Welcoming you home,
Travis Senenfelder
President, BSL Real Estate
440 2nd St.
Excelsior, MN 55331
http://www.buysellleasemn.com/
Check out each community’s respective website for further information:
Excelsior and Grand
3820 Grand Way
St. Louis Park, MN 55416
http://www.excelsiorandgrand.com/
50th and France
West 50th Street and France Avenue
http://www.50thandfrance.com/
Arbor Lakes
Maple Grove, MN 55369
http://www.arborlakes.net/
http://www.shoppesatarborlakes.com
Downtown Wayzata
http://www.wayzatabaycenter.com/
Downtown Excelsior
http://www.ci.excelsior.mn.us/
Thursday, August 19, 2010
Let Lake Minnetonka Realtor Travis Senenfelder Find You the Perfect Home for Cheap
A recurrent theme within my blogs, along with being a personal piece of advice, is the advantage of capitalizing on the shambles that is the current real estate market. Out of the ashes rises low interest rates, leasing opportunities and foreclosed homes available for cheap. While living near the lake is a viable option for an affordable Lake Minnetonka lifestyle, why not take it one step further? As of right now, there are 75 lake homes or homes with lake access that have been foreclosed and put back on the market. What does this mean for you? Houses under 500K. Yes, I typed that correctly.
Now is the time to take advantage of this once-in-a-lifetime opportunity. Live the Lake Minnetonka life you’ve always dreamed of with these unbelievably inexpensive property rates. Time is of the essence, as these properties will soon be off the market. Contact me as soon as possible and I will diligently work to find you the home you never imagined you could call your own. I can be reached through my cell, 651-216-9466, or via email at travis@buysellleasemn.com.
Don’t let these deals pass you by,
Travis Senenfelder
President, BSL Real Estate
440 2nd St.
Excelsior, MN 55331
http://www.buysellleasemn.com/
Now is the time to take advantage of this once-in-a-lifetime opportunity. Live the Lake Minnetonka life you’ve always dreamed of with these unbelievably inexpensive property rates. Time is of the essence, as these properties will soon be off the market. Contact me as soon as possible and I will diligently work to find you the home you never imagined you could call your own. I can be reached through my cell, 651-216-9466, or via email at travis@buysellleasemn.com.
Don’t let these deals pass you by,
Travis Senenfelder
President, BSL Real Estate
440 2nd St.
Excelsior, MN 55331
http://www.buysellleasemn.com/
Travis Senenfelder Would Like to Welcome Back Mr. Favre
Hate it or love it, our grizzled hero is returning to the Land of 10,000 Championship Mistakes yet again. Donning that familiar purple number “4” jersey, I, of course, am talking about none other than Mr. Brett Favre.
No, the sky did not turn black and the moon blood red over the Midwest (namely Wisconsin). Instead, we received a modest Favre, accompanied by three fellow teammates, who stepped off a private plane and were subsequently ushered to Vikings’ camp headquarters. Apart from some heavily implied PR, no official word as to whether or not our senior sensation will in fact, be on this season’s roster, has been announced. As we all wait with bated breaths, we can only hope the 11-time Pro Bowler has decided to stave off old age for one (seemingly) last hurrah. Ankle surgery and a preseason training absence have left some of us with our doubts. For the majority, however, that skepticism was laid to rest the second he stepped down within the Purple perimeter.
As a die-hard fan, I can only hope the impending press conference will serve us all some much needed Viking vindication -- fingers crossed.
Dissatisfied with your current living situation? As a recognized realtor within the Twin Cities’ West Metro, I can get you up close and personal to all this year’s action – with money left over for those season tickets, of course.
Give me, Travis Senenfelder, a call today at 651-216-9466 or reach me via my email at travis@buysellleasemn.com. The BSL Real Estate office is located in downtown Excelsior on 440 2nd St., 55331. Swing by anytime to discuss life, realty and Purple Pride. My doors are always open.
All the best,
Travis Senenfelder
President, BSL Real Estate
http://www.buysellleasemn.com/
No, the sky did not turn black and the moon blood red over the Midwest (namely Wisconsin). Instead, we received a modest Favre, accompanied by three fellow teammates, who stepped off a private plane and were subsequently ushered to Vikings’ camp headquarters. Apart from some heavily implied PR, no official word as to whether or not our senior sensation will in fact, be on this season’s roster, has been announced. As we all wait with bated breaths, we can only hope the 11-time Pro Bowler has decided to stave off old age for one (seemingly) last hurrah. Ankle surgery and a preseason training absence have left some of us with our doubts. For the majority, however, that skepticism was laid to rest the second he stepped down within the Purple perimeter.
As a die-hard fan, I can only hope the impending press conference will serve us all some much needed Viking vindication -- fingers crossed.
Dissatisfied with your current living situation? As a recognized realtor within the Twin Cities’ West Metro, I can get you up close and personal to all this year’s action – with money left over for those season tickets, of course.
Give me, Travis Senenfelder, a call today at 651-216-9466 or reach me via my email at travis@buysellleasemn.com. The BSL Real Estate office is located in downtown Excelsior on 440 2nd St., 55331. Swing by anytime to discuss life, realty and Purple Pride. My doors are always open.
All the best,
Travis Senenfelder
President, BSL Real Estate
http://www.buysellleasemn.com/
BSL Real Estate President, Travis Senenfelder, Opens New Location in Downtown Excelsior
The humbly historic streets of Excelsior have recently added one more member to their gracefully orchestrated ensemble. Travis Senenfelder, president, broker and chief operating officer of BSL Real Estate has set up shop on 2nd Street in downtown Excelsior, right around the corner from 318 Café, Jake O’Connor’s Pub and Biella Restaurant.
Originally located in the city of Plymouth, BSL Real Estate is here to offer guidance and support through any stage of the buying, selling or leasing process. Travis and his team of highly astute agents are available day and night to provide assistance with any real estate concerns you may have. Focusing on buying, selling, leasing, property investment and management: BSL is committed to overseeing swift and equitable negotiations.
Stop by our new office today for a friendly hello and let us answer any questions or concerns regarding the Twin Cities’ West Metro real estate market. Our address is 440 2nd St., Excelsior, MN 55331. Don’t mind the clutter – we’re renovating!
Other side of town? Simply call my cell at 651-216-9466 or shoot me an email at travis@buysellleasemn.com and we can discuss a more convenient rendezvous point.
Welcoming you home,
Travis Senenfelder
President, BSL Real Estate
http://www.buysellleasemn.com/
http://www.buysellleasemn.com/meet-travis-senenfelder/
Originally located in the city of Plymouth, BSL Real Estate is here to offer guidance and support through any stage of the buying, selling or leasing process. Travis and his team of highly astute agents are available day and night to provide assistance with any real estate concerns you may have. Focusing on buying, selling, leasing, property investment and management: BSL is committed to overseeing swift and equitable negotiations.
Stop by our new office today for a friendly hello and let us answer any questions or concerns regarding the Twin Cities’ West Metro real estate market. Our address is 440 2nd St., Excelsior, MN 55331. Don’t mind the clutter – we’re renovating!
Other side of town? Simply call my cell at 651-216-9466 or shoot me an email at travis@buysellleasemn.com and we can discuss a more convenient rendezvous point.
Welcoming you home,
Travis Senenfelder
President, BSL Real Estate
http://www.buysellleasemn.com/
http://www.buysellleasemn.com/meet-travis-senenfelder/
Tuesday, August 17, 2010
Rent Your Home Out Today With Lake Minnetonka Realtor Travis Senenfelder
By now I hope you realize that when it comes to buying, selling and leasing West Metro property, my expertise is one-of-a-kind. I chose the name BSL Real Estate to represent me because that’s what I do – Buy, Sell, Lease – in a timely and favorable manner. It doesn’t get much simpler. I love what I do and I do it well. While I have discussed buying and selling property among the Twin Cities, I’d like to talk about another one of the many services I offer: renting.
Renting out your home is a phenomenal way to pique potential buyers’ interests. It uncovers a massive network of people who want to buy a house but, for whatever reason, aren’t ready to make the jump just yet.
If you’re looking to rent your Twin Cities’ West Metro home, I am here to help you gather an idea as to how the whole thing works. Anything real estate related is bound to be initially stressful. Rightfully so, because it involves changes – big ones -- in one’s accustomed world. However, my in-depth comprehension of the real estate market assures the process of renting out your home is as smooth and profitable as can be.
For starters, you must personally assess whether or not renting out your home is the practical thing to do. If you need all the money up front, consider a straight sale instead. Renting your Twin Cities’ West Metro home is a great way to get the most from your house and possibly take away some additional income off the sale. Even so, there are still certain responsibilities that come with the renting process. As the owner, you will need to continue paying property taxes, insurance and typically manage any major repairs.
If you still feel renting out your home is the right decision, we begin the process of finding a buyer and working out the terms of the rent. The right tenant(s) mean the world to the success of renting out your home. With me by your side, we perform an extensive background check on potential renters that includes checking credit history, source of income, references and the overall ability to pay rent. Furthermore, I check if the renter is capable of actually buying your home. This is done through contact with loan officers and mortgage brokers to evaluate the plausibility of the renter obtaining a mortgage at the end of the term. If these check out, we can move on to formulating a rent contract that works in your favor. I provide the rent options forms and walk you through all possible considerations. Ensuring you receive the highest rent rates is my top priority, as well as setting a rent term and purchase price both parties can agree upon.
If renting out your home makes personal sense to you, don’t hesitate to contact me today at 651-216-9466. I, Travis Senenfelder of BSL Real Estate, possess more than enough knowledge and experience to work out a renting option that tailors to your every need.
Looking to rent out your home in the Twin Cities’ West Metro? Travis Senenfelder is the preferred real estate broker for all your renting needs in Hennepin County municipalities such as: Navarre, Mound, Eden Prairie, Golden Valley, Wayzata, Minnetonka, Orono, Excelsior and more. Visit http://www.buysellleasemn.com/lease/ for more information on how to get started today.
All the best,
Travis Senenfelder
Licensed West Metro real estate broker
BSL Real Estate
440 2nd St.
Excelsior, MN 55331
http://www.buysellleasemn.com/
Renting out your home is a phenomenal way to pique potential buyers’ interests. It uncovers a massive network of people who want to buy a house but, for whatever reason, aren’t ready to make the jump just yet.
If you’re looking to rent your Twin Cities’ West Metro home, I am here to help you gather an idea as to how the whole thing works. Anything real estate related is bound to be initially stressful. Rightfully so, because it involves changes – big ones -- in one’s accustomed world. However, my in-depth comprehension of the real estate market assures the process of renting out your home is as smooth and profitable as can be.
For starters, you must personally assess whether or not renting out your home is the practical thing to do. If you need all the money up front, consider a straight sale instead. Renting your Twin Cities’ West Metro home is a great way to get the most from your house and possibly take away some additional income off the sale. Even so, there are still certain responsibilities that come with the renting process. As the owner, you will need to continue paying property taxes, insurance and typically manage any major repairs.
If you still feel renting out your home is the right decision, we begin the process of finding a buyer and working out the terms of the rent. The right tenant(s) mean the world to the success of renting out your home. With me by your side, we perform an extensive background check on potential renters that includes checking credit history, source of income, references and the overall ability to pay rent. Furthermore, I check if the renter is capable of actually buying your home. This is done through contact with loan officers and mortgage brokers to evaluate the plausibility of the renter obtaining a mortgage at the end of the term. If these check out, we can move on to formulating a rent contract that works in your favor. I provide the rent options forms and walk you through all possible considerations. Ensuring you receive the highest rent rates is my top priority, as well as setting a rent term and purchase price both parties can agree upon.
If renting out your home makes personal sense to you, don’t hesitate to contact me today at 651-216-9466. I, Travis Senenfelder of BSL Real Estate, possess more than enough knowledge and experience to work out a renting option that tailors to your every need.
Looking to rent out your home in the Twin Cities’ West Metro? Travis Senenfelder is the preferred real estate broker for all your renting needs in Hennepin County municipalities such as: Navarre, Mound, Eden Prairie, Golden Valley, Wayzata, Minnetonka, Orono, Excelsior and more. Visit http://www.buysellleasemn.com/lease/ for more information on how to get started today.
All the best,
Travis Senenfelder
Licensed West Metro real estate broker
BSL Real Estate
440 2nd St.
Excelsior, MN 55331
http://www.buysellleasemn.com/
Sell Your Home With Lake Minnetonka Realtor Travis Senenfelder
As a Twin Cities’ West Metro realtor, there are more than enough cities and townships within Hennepin County to satisfy any buyer’s interest. As a recognized and recommended realtor, selling your house in the West Metro is my guaranteed mission. Don’t let the current real estate market get you down. I’ve sold many houses in areas such as Plymouth, Golden Valley, Hopkins and Lake Minnetonka – to name a few. When you hire me, I know exactly what to do in terms of making sure you receive the highest value for your home. According to the National Association of Realtors, 85% of sellers use a realtor to sell their home and 79% of buyers used the aid of a realtor in purchasing a home. You do the math.
For instance, if you were selling your home in Plymouth, Wayzata, Hopkins or Minnetonka, I would adhere to several guidelines to ensure the best possible outcome.
Step One: I would give you up-to-date information on the current state of the Twin Cities West Metro real estate market. This includes information such as price, financing terms and condition on competitors. Should you be selling your house in Orono, we can gain knowledge of nearby houses, acreages and houses currently for sale/listed as being active on the market.
Step Two: Selling your home is all about the proper marketing. If you don’t market your home correctly or attempt to reach a large audience, how can you expect anyone to be interested in buying your home? With me by your side, I will market your home, with the focus on selling your home, to the public as well as other realtors. If your home for sale resides in Minnetonka Beach, I will allocate the property listing to newspapers, websites, social networks as well as fellow realtors within the Lake Minnetonka area. Acting as a market coordinator, I encourage maximum salability through propagating the information via a Multiple Listing Service and/or other cooperative networks.
Step Three: Advertising is done when necessary. A study done by the National Association of Realtors states that 82% of sales are done through a realtor’s contacts with previous clients, family, friends, referrals and personal network. This means that, while it is beneficial to advertise your home for sale, I generally find prospective buyers that aren’t strangers. In turn, I prescreen all those interested in buying and assess their legitimacy.
Step Four: Setting it in stone. With each buyer proposal comes the possibility of market position compromise. Does someone want to buy your home in St. Louis Park? Make sure I am there to oversee the appraisal, inspection and financing of the offer and avoid a less than favorable agreement. Allow me to solidify a legally binding contract that serves both parties’ best interest.
Step Five: A realtor possesses finality. Somewhere between the initial agreement and closing settlement, complications may arise. Have you suffered some water damage on your Maple Grove home? I handle all the messy paperwork and push to resolve the issue in order to finalize the settlement.
Through these steps, I can professionally manage and execute a course of action that will effectively get your house on and off the market – get your home sold in no time. No matter where you’re trying to sell your house – Spring Park, Cottagewood, Chanhassen, Tonka Bay, Victoria, Excelsior MN and so on – I, Travis Senenfelder, am your real estate broker in the West Metro. Contact me, Lake Minnetonka Realtor Travis Senenfelder, today to take the first step in selling your home here in the Twin Cities.
Consider your home sold,
Travis Senenfelder
Twin Cities West Metro Licensed Realtor – Real Estate Agent
Buy Sell Lease Real Estate
“BSL Real Estate”
651-216-9466
440 2nd St.
Excelsior, MN 55331
http://www.buysellleasemn.com/
For further information regarding selling your home today, visit http://www.buysellleasemn.com/sell/
Travis’ Blog:
http://www.buysellleasemn.com/blog/
For instance, if you were selling your home in Plymouth, Wayzata, Hopkins or Minnetonka, I would adhere to several guidelines to ensure the best possible outcome.
Step One: I would give you up-to-date information on the current state of the Twin Cities West Metro real estate market. This includes information such as price, financing terms and condition on competitors. Should you be selling your house in Orono, we can gain knowledge of nearby houses, acreages and houses currently for sale/listed as being active on the market.
Step Two: Selling your home is all about the proper marketing. If you don’t market your home correctly or attempt to reach a large audience, how can you expect anyone to be interested in buying your home? With me by your side, I will market your home, with the focus on selling your home, to the public as well as other realtors. If your home for sale resides in Minnetonka Beach, I will allocate the property listing to newspapers, websites, social networks as well as fellow realtors within the Lake Minnetonka area. Acting as a market coordinator, I encourage maximum salability through propagating the information via a Multiple Listing Service and/or other cooperative networks.
Step Three: Advertising is done when necessary. A study done by the National Association of Realtors states that 82% of sales are done through a realtor’s contacts with previous clients, family, friends, referrals and personal network. This means that, while it is beneficial to advertise your home for sale, I generally find prospective buyers that aren’t strangers. In turn, I prescreen all those interested in buying and assess their legitimacy.
Step Four: Setting it in stone. With each buyer proposal comes the possibility of market position compromise. Does someone want to buy your home in St. Louis Park? Make sure I am there to oversee the appraisal, inspection and financing of the offer and avoid a less than favorable agreement. Allow me to solidify a legally binding contract that serves both parties’ best interest.
Step Five: A realtor possesses finality. Somewhere between the initial agreement and closing settlement, complications may arise. Have you suffered some water damage on your Maple Grove home? I handle all the messy paperwork and push to resolve the issue in order to finalize the settlement.
Through these steps, I can professionally manage and execute a course of action that will effectively get your house on and off the market – get your home sold in no time. No matter where you’re trying to sell your house – Spring Park, Cottagewood, Chanhassen, Tonka Bay, Victoria, Excelsior MN and so on – I, Travis Senenfelder, am your real estate broker in the West Metro. Contact me, Lake Minnetonka Realtor Travis Senenfelder, today to take the first step in selling your home here in the Twin Cities.
Consider your home sold,
Travis Senenfelder
Twin Cities West Metro Licensed Realtor – Real Estate Agent
Buy Sell Lease Real Estate
“BSL Real Estate”
651-216-9466
440 2nd St.
Excelsior, MN 55331
http://www.buysellleasemn.com/
For further information regarding selling your home today, visit http://www.buysellleasemn.com/sell/
Travis’ Blog:
http://www.buysellleasemn.com/blog/
Travis Senenfelder - A Minneapolis Western Suburb Lake Minnetonka Realtor
[Looking to purchase/buy a home in Minnetrista, Orono, Eden Prairie or Wayzata? How about a realtor near Chanhassen, Victoria, Navarre or Maple Grove? Hiring the right realtor can be difficult. Let BSL Real Estate do all the work for you as you search for the right investment property near Mound, Long Lake, Hopkins, Deephaven or wherever else you may be interested in.]
I experienced my first taste of real estate right out of high school and freshly into the University of St. Thomas. While attending St. Thomas, I became interested in the world of realty and decided to purchase a handful of investment properties. Due to my concentration in accounting, I never entertained the idea of pursuing a career in real estate full-time. However, the joy and tangibility of those first few returns on my investments were incentive enough to push this side job a step further. Shortly thereafter I received my real estate license, bought a few more properties and started assisting clients in buying, selling and leasing homes, townhomes, condos and lofts throughout the Twin Cities’ West Metro.
While I find it beneficial to have a degree in accounting, I found that when you do something you truly love, you never work a day in your life. A few years after graduation, I started BSL Real Estate with every intention of delivering my clients the care and attention they deserve. Through an intimate, grounded assessment of the client’s real estate needs, I am able to assist them in buying, selling or leasing property again in the western Twin Cities suburbs of Minneapolis with a primary focus in and around Lake Minnetonka.
It is 2010 now and I haven’t looked back since. As the president, broker and chief operating officer of BSL Real Estate, I take pride in my work and the larger message for which it conveys. Helping honest people alleviate their living troubles and progress toward a future is what gives my career purpose. With a real estate background spanning over a decade, I look at every single real estate situation with an astute, economical sensibility. As BSL heads into its fourth year, I’ve already been blessed with so many memorable experiences along the varying journeys of each of my clients. The message is simple and the results are real. Contact me, Travis Senenfelder of BSL Real Estate, and let me help you find what you are looking for. You won’t be disappointed.
All the best in the world,
Travis Senenfelder
President/Licensed Broker/Chief Operating Officer
BSL Real Estate
651-216-9466
440 2nd St.
Excelsior, MN 55331
http://www.buysellleasemn.com/
I experienced my first taste of real estate right out of high school and freshly into the University of St. Thomas. While attending St. Thomas, I became interested in the world of realty and decided to purchase a handful of investment properties. Due to my concentration in accounting, I never entertained the idea of pursuing a career in real estate full-time. However, the joy and tangibility of those first few returns on my investments were incentive enough to push this side job a step further. Shortly thereafter I received my real estate license, bought a few more properties and started assisting clients in buying, selling and leasing homes, townhomes, condos and lofts throughout the Twin Cities’ West Metro.
While I find it beneficial to have a degree in accounting, I found that when you do something you truly love, you never work a day in your life. A few years after graduation, I started BSL Real Estate with every intention of delivering my clients the care and attention they deserve. Through an intimate, grounded assessment of the client’s real estate needs, I am able to assist them in buying, selling or leasing property again in the western Twin Cities suburbs of Minneapolis with a primary focus in and around Lake Minnetonka.
It is 2010 now and I haven’t looked back since. As the president, broker and chief operating officer of BSL Real Estate, I take pride in my work and the larger message for which it conveys. Helping honest people alleviate their living troubles and progress toward a future is what gives my career purpose. With a real estate background spanning over a decade, I look at every single real estate situation with an astute, economical sensibility. As BSL heads into its fourth year, I’ve already been blessed with so many memorable experiences along the varying journeys of each of my clients. The message is simple and the results are real. Contact me, Travis Senenfelder of BSL Real Estate, and let me help you find what you are looking for. You won’t be disappointed.
All the best in the world,
Travis Senenfelder
President/Licensed Broker/Chief Operating Officer
BSL Real Estate
651-216-9466
440 2nd St.
Excelsior, MN 55331
http://www.buysellleasemn.com/
Tuesday, August 10, 2010
Homebuyer No-No's
No one ever said the homebuyer process was easy. Be that as it may, there are several valuable tips to consider before you take the big leap:
1.) Buy within your means. This is a big one. Purchasing your first home can be an exhilarating experience, however, you don’t want to go overboard amidst it all. It is important to factor in each and every monthly expense that occurs along your everyday routine. Compile a list of expenses such as vehicle costs, credit card payments, student loans, groceries, health insurance and so on. Add up these expenditures and subtract this total from your take-home pay. The remainder is a look at how much you can spend on your new home each month.
2.) Mortgage Qualification. Your idea of what you can afford and what the bank is ready to lend don’t always match up. A shaky income or poor credit can play a role in this, which is why it is vital to get pre-approved for a loan before placing an offer on a home. Otherwise, everyone’s time will be ultimately wasted should you sign a contract and later discover that the bank won’t lend you what you need. Furthermore, keep your credit score under close watch. Last minute credit alterations threaten to jeopardize your loan, which can result in the loss of several thousand dollars that you invested when you went under contract.
3.) Consider overlooked fees. There are several “hidden” costs that follow being a homeowner. Unlike before, you will now face the reality of property taxes, disaster insurance and any household repairs. If you are thinking about purchasing a condo, prepare to pay (mandatory) monthly maintenance fees that come with being a part of a homeowner’s association.
4.) Keep an open mind. Life isn’t perfect, and not all of us can afford an idealistic scenario. Many of us have to settle for less, and while that’s perfectly congruent with reality, it doesn’t have to be all that bad. Assess your current chapter in life, and decide whether you should save up by renting for a few more years or purchase as soon as possible. With that said, don’t be too inflexible to the point where you end up renting longer than you want to. Sometimes we just have to accept that busy street, outdated décor and necessary restoration as financial compromise. Chalk it up to giving the house character.
5.) Don’t sweat the small stuff. With respect to the previous tip, all houses aren’t without flaw. Wallpaper driving you crazy? Ignore the minor imperfections if the house’s size and location are what you have been looking for. Do-it-yourself home upgrades save you from expensive alternatives where the seller has already done the work for you. If you’re on a budget, look at homes whose vision has yet to be fully realized. Adding value to a home ensures a bump in equity and proves to be a worthwhile investment in the long run.
6.) Compromise with caution. While most first-time buyers have to compromise on projected ideals, it should be done with a grand perspective in mind. Don’t settle for a two bedroom when you plan on having kids. Compromise is natural; just don’t let it hinder your future plans.
7.) Explore every nook and cranny. I can’t stress this one enough. Check out every single aspect of the house you’ve got your eye on. Test the water to know exactly what you’re diving into.
8.) The momentousness of hiring an agent. Now this is where I come in handy. Working with both the buyer and seller, I negotiate the fairest deal possible with the buyer’s best interest in mind.
9.) It’s your future. We started off with a big one and we’ll end the same way. Picture the house you are considering to purchase in ten years. What about twenty?
- What kinds of neighborhood development plans are currently underway in Eden Prairie?
- What are the local zoning laws within Maple Grove?
- Is there undeveloped land nearby? If so, what will be eventually built near my Plymouth neighborhood?
- Has the home value of this Excelsior neighborhood been declining?
When you are looking to buy a home for the first time, there is no such thing as too many questions. As an accredited realtor, I guarantee you special sensitivity to each and every one of these considerations. Allow me, Travis Senenfelder, to hold the privileged position of being your real estate agent. Together we can open the door to the home you’ve always wanted.
All the best,
Travis Senenfelder
Licensed West Metro Realtor
BSL Real Estate
651-216-9466
http://www.buysellleasemn.com/
440 2nd St.
Excelsior, MN 55331
For rental properties available check out http://www.MetroRentalsOnline.com and give me a call today to talk about anything I have discussed.
1.) Buy within your means. This is a big one. Purchasing your first home can be an exhilarating experience, however, you don’t want to go overboard amidst it all. It is important to factor in each and every monthly expense that occurs along your everyday routine. Compile a list of expenses such as vehicle costs, credit card payments, student loans, groceries, health insurance and so on. Add up these expenditures and subtract this total from your take-home pay. The remainder is a look at how much you can spend on your new home each month.
2.) Mortgage Qualification. Your idea of what you can afford and what the bank is ready to lend don’t always match up. A shaky income or poor credit can play a role in this, which is why it is vital to get pre-approved for a loan before placing an offer on a home. Otherwise, everyone’s time will be ultimately wasted should you sign a contract and later discover that the bank won’t lend you what you need. Furthermore, keep your credit score under close watch. Last minute credit alterations threaten to jeopardize your loan, which can result in the loss of several thousand dollars that you invested when you went under contract.
3.) Consider overlooked fees. There are several “hidden” costs that follow being a homeowner. Unlike before, you will now face the reality of property taxes, disaster insurance and any household repairs. If you are thinking about purchasing a condo, prepare to pay (mandatory) monthly maintenance fees that come with being a part of a homeowner’s association.
4.) Keep an open mind. Life isn’t perfect, and not all of us can afford an idealistic scenario. Many of us have to settle for less, and while that’s perfectly congruent with reality, it doesn’t have to be all that bad. Assess your current chapter in life, and decide whether you should save up by renting for a few more years or purchase as soon as possible. With that said, don’t be too inflexible to the point where you end up renting longer than you want to. Sometimes we just have to accept that busy street, outdated décor and necessary restoration as financial compromise. Chalk it up to giving the house character.
5.) Don’t sweat the small stuff. With respect to the previous tip, all houses aren’t without flaw. Wallpaper driving you crazy? Ignore the minor imperfections if the house’s size and location are what you have been looking for. Do-it-yourself home upgrades save you from expensive alternatives where the seller has already done the work for you. If you’re on a budget, look at homes whose vision has yet to be fully realized. Adding value to a home ensures a bump in equity and proves to be a worthwhile investment in the long run.
6.) Compromise with caution. While most first-time buyers have to compromise on projected ideals, it should be done with a grand perspective in mind. Don’t settle for a two bedroom when you plan on having kids. Compromise is natural; just don’t let it hinder your future plans.
7.) Explore every nook and cranny. I can’t stress this one enough. Check out every single aspect of the house you’ve got your eye on. Test the water to know exactly what you’re diving into.
8.) The momentousness of hiring an agent. Now this is where I come in handy. Working with both the buyer and seller, I negotiate the fairest deal possible with the buyer’s best interest in mind.
9.) It’s your future. We started off with a big one and we’ll end the same way. Picture the house you are considering to purchase in ten years. What about twenty?
- What kinds of neighborhood development plans are currently underway in Eden Prairie?
- What are the local zoning laws within Maple Grove?
- Is there undeveloped land nearby? If so, what will be eventually built near my Plymouth neighborhood?
- Has the home value of this Excelsior neighborhood been declining?
When you are looking to buy a home for the first time, there is no such thing as too many questions. As an accredited realtor, I guarantee you special sensitivity to each and every one of these considerations. Allow me, Travis Senenfelder, to hold the privileged position of being your real estate agent. Together we can open the door to the home you’ve always wanted.
All the best,
Travis Senenfelder
Licensed West Metro Realtor
BSL Real Estate
651-216-9466
http://www.buysellleasemn.com/
440 2nd St.
Excelsior, MN 55331
For rental properties available check out http://www.MetroRentalsOnline.com and give me a call today to talk about anything I have discussed.
Tonka Bay Marina
In reference to my article, “Stay On The Lake No Matter Your Income;” I detailed the reality of conducting a Lake Minnetonka lifestyle, without having to actually live on the lake. In continuation with that topic, I’d like to elaborate on the possibility of purchasing a home near the lake and allowing one of Minnetonka’s many marinas to care for your boat.
When it comes to something as big as Lake Minnetonka, there will undoubtedly be a surplus of lakeside marinas ready to accommodate your every boating need. While this may be true, I’d like to examine a marina that is particularly special in my honest opinion.
Tonka Bay Marina has been dedicated to the safety and comfort of their clients for more than 20 years. Ever since Gabriel Jabbour took over the company in 1990, he has made it a mission to ensure the utmost complacency of his fellow boaters. With a skilled, family-run crew of technicians, managers and supervisors working sun up to sun down, Tonka Bay Marina runs off an ongoing reputation of pure customer satisfaction. Rightfully so, because when it comes to resources, this marina is second to none.
Tonka Bay Marina features three locations on Lake Minnetonka. Their first location, Tonka Bay, holds the title of Lake Minnetonka’s largest full-service marina. Owning over six acres of lakefront, Tonka Bay features a multitude of on-site amenities such as gas discounts, shore power and clubhouse privileges. The professional dock and storage crew manage the sturdy wooden docks, with slips to accommodate 20 to 70 foot boats.
Their Excelsior location presents the option of docking on either Excelsior Bay or St. Alban’s Bay. Regardless of which, both share mutual parking and are within walking distance from one another. Enjoy the pleasures of the joint clubhouse and the downtown Excelsior location as you slip your boat into their newly constructed docks.
Tonka Bay Marina’s newest addition, located in Shorewood, is the go-to choice for yachting and sailing. They offer a full calendar of organized boat races, family events and clubhouse perks to keep you busy all year long. Learn to sail through ASA-certified lessons and hit the water on one of the Boat Club’s provided sailboats.
Needless to say, Tonka Bay Marina is the final word in all things marina related. Whichever location you choose to fit your personal way of life, rest assured your contentment is always top priority.
Possessing a comprehensive knowledge of these three areas, I am resolute in discovering the finest nearby property for the most reasonable price. Rather than lakeside, a five-minute drive to your boat could be the compromise you need to make provisions for your future. There exist so many options near the lake that are significantly cheaper than being on the lake. Stop by my office today to discuss Lake Minnetonka’s expansive list of townships and neighboring marinas. Realizing your life’s true potential is easier than you think.
All the best,
Travis Senenfelder
Licensed Lake Minnetonka Realtor
BSL Real Estate
651-216-9466
http://www.buysellleasemn.com/
440 2nd St.
Excelsior, MN 55331
Lake Minnetonka Rental Property: http://www.MetroRentalsOnline.com
Tonka Bay Marina
http://www.tonkabaymarina.com/
220 Tonka Bay Rd
Tonka Bay, MN 55331
952-474-2488
When it comes to something as big as Lake Minnetonka, there will undoubtedly be a surplus of lakeside marinas ready to accommodate your every boating need. While this may be true, I’d like to examine a marina that is particularly special in my honest opinion.
Tonka Bay Marina has been dedicated to the safety and comfort of their clients for more than 20 years. Ever since Gabriel Jabbour took over the company in 1990, he has made it a mission to ensure the utmost complacency of his fellow boaters. With a skilled, family-run crew of technicians, managers and supervisors working sun up to sun down, Tonka Bay Marina runs off an ongoing reputation of pure customer satisfaction. Rightfully so, because when it comes to resources, this marina is second to none.
Tonka Bay Marina features three locations on Lake Minnetonka. Their first location, Tonka Bay, holds the title of Lake Minnetonka’s largest full-service marina. Owning over six acres of lakefront, Tonka Bay features a multitude of on-site amenities such as gas discounts, shore power and clubhouse privileges. The professional dock and storage crew manage the sturdy wooden docks, with slips to accommodate 20 to 70 foot boats.
Their Excelsior location presents the option of docking on either Excelsior Bay or St. Alban’s Bay. Regardless of which, both share mutual parking and are within walking distance from one another. Enjoy the pleasures of the joint clubhouse and the downtown Excelsior location as you slip your boat into their newly constructed docks.
Tonka Bay Marina’s newest addition, located in Shorewood, is the go-to choice for yachting and sailing. They offer a full calendar of organized boat races, family events and clubhouse perks to keep you busy all year long. Learn to sail through ASA-certified lessons and hit the water on one of the Boat Club’s provided sailboats.
Needless to say, Tonka Bay Marina is the final word in all things marina related. Whichever location you choose to fit your personal way of life, rest assured your contentment is always top priority.
Possessing a comprehensive knowledge of these three areas, I am resolute in discovering the finest nearby property for the most reasonable price. Rather than lakeside, a five-minute drive to your boat could be the compromise you need to make provisions for your future. There exist so many options near the lake that are significantly cheaper than being on the lake. Stop by my office today to discuss Lake Minnetonka’s expansive list of townships and neighboring marinas. Realizing your life’s true potential is easier than you think.
All the best,
Travis Senenfelder
Licensed Lake Minnetonka Realtor
BSL Real Estate
651-216-9466
http://www.buysellleasemn.com/
440 2nd St.
Excelsior, MN 55331
Lake Minnetonka Rental Property: http://www.MetroRentalsOnline.com
Tonka Bay Marina
http://www.tonkabaymarina.com/
220 Tonka Bay Rd
Tonka Bay, MN 55331
952-474-2488
Antiquity Rose
How has it taken me this long to write about Antiquity Rose? After all, it’s staring through my window -- morning, noon and night.
Since 1974, Antiquity Rose has been a trademark of historic Excelsior sentimentality. With an essence that’s ambiance is truly unrivaled; this mom-and-pop fueled restaurant effortlessly blends kitsch and elegance all into one experience.
From the moment you walk into the quaint old house, your senses are treated to a wave of old fashioned charm. Antique furniture and trinkets abound a series of humble rooms, each one guaranteeing to catch your eye on something unique. What I love about this place is that everything, and that includes the table right under you, is for sale. It is an antique lover’s paradise in virtually every way.
Head over to the dining room and have a seat as Mike, “the local dish technician,” whips you up something special right from scratch. Every meal is crafted with exceptional care, and this truth shines through each bite. Try the more than substantial homemade soup or crunch down on a salad that seems to have just left the garden minutes ago. The choices are great and the deals are even better.
Antiquity Rose is truly in rare form. Amidst the hectic push and pull of daily life, its leisurely pace and humble accessibility remind of us days long since past. I highly recommend giving this place a chance sooner than later. Should you find yourself with an appetite for some family style cooking, I’m merely a crosswalk away. So allow me, Travis Senenfelder of BSL Real Estate, to oblige any real estate questions and concerns you may have. I’d love to see you today.
All the best,
Travis Senenfelder
BSL Real Estate
651-216-9466
440 2nd St.
Excelsior, MN 55331
http://www.buysellleasemn.com/
For rental property throughout the area, visit http://www.MetroRentalsOnline.com
Antiquity Rose
http://www.antiquityrose.com
429 2nd St.
Excelsior, MN 55331
952-474-2661
Since 1974, Antiquity Rose has been a trademark of historic Excelsior sentimentality. With an essence that’s ambiance is truly unrivaled; this mom-and-pop fueled restaurant effortlessly blends kitsch and elegance all into one experience.
From the moment you walk into the quaint old house, your senses are treated to a wave of old fashioned charm. Antique furniture and trinkets abound a series of humble rooms, each one guaranteeing to catch your eye on something unique. What I love about this place is that everything, and that includes the table right under you, is for sale. It is an antique lover’s paradise in virtually every way.
Head over to the dining room and have a seat as Mike, “the local dish technician,” whips you up something special right from scratch. Every meal is crafted with exceptional care, and this truth shines through each bite. Try the more than substantial homemade soup or crunch down on a salad that seems to have just left the garden minutes ago. The choices are great and the deals are even better.
Antiquity Rose is truly in rare form. Amidst the hectic push and pull of daily life, its leisurely pace and humble accessibility remind of us days long since past. I highly recommend giving this place a chance sooner than later. Should you find yourself with an appetite for some family style cooking, I’m merely a crosswalk away. So allow me, Travis Senenfelder of BSL Real Estate, to oblige any real estate questions and concerns you may have. I’d love to see you today.
All the best,
Travis Senenfelder
BSL Real Estate
651-216-9466
440 2nd St.
Excelsior, MN 55331
http://www.buysellleasemn.com/
For rental property throughout the area, visit http://www.MetroRentalsOnline.com
Antiquity Rose
http://www.antiquityrose.com
429 2nd St.
Excelsior, MN 55331
952-474-2661
A Tax Credit Extension for Homebuyers
In early July of 2010, the National Association of Realtors (NAR) applauded congress for passing a bill to extend the homebuyer tax credit deadline. The bill, which was signed by the president on July 2nd, is designed to create a harmonious extension from its old deadline of April 30th to the new deadline on September 30, 2010.
The passage of H.R. 5623, the Homebuyer Assistance and Improvement Act, was originally passed in November of 2009 with the intention to simulate the U.S. housing market. The legislation functions by extending first-time homebuyers a tax credit up to $8000 until September 30, 2010, and expand the credit to grant $6500 credit to current homeowners purchasing an existing home between November 7th 2009 and September 30, 2010.
Buy Sell Lease (BSL Real Estate) of Excelsior, MN encourages potential homebuyers to take advantage of such credits. The Lake Minnetonka area has developed a reputation as one of the most sought after areas in the Midwest—which may be discouraging to first-time homebuyers, but the area greatly offers options within the brackets of this bill. Around Lake Minnetonka there are many older quaint neighborhoods with starter homes along the lake, and of course, backlots are less expensive than a home with lake frontage.
In regards to the qualifications for these credits, you might be surprised by how many homebuyers would qualify. Here’s the breakdown: Under the Extended Home Buyer Tax Credit, credit may only be awarded on homes purchased for up to $800,000. Single buyers with incomes up to $125,000 and married couples with incomes up to $225,000 may receive the maximum tax credit. However, if you exceed these limits you may still be eligible for the credit. And, if the buyer occupies the home for three or more years the tax credit does NOT need to be repaid.
For further information regarding H.R. 5623 please contact Buy Sell Lease (BSL Real Estate)
O: 952.460.3420
F: 952.460.3421
E: Travis@BuySellLeaseMN.com
All the best,
Travis Senenfelder
BSL Real Estate
440 2nd St., Excelsior, MN 55331
The passage of H.R. 5623, the Homebuyer Assistance and Improvement Act, was originally passed in November of 2009 with the intention to simulate the U.S. housing market. The legislation functions by extending first-time homebuyers a tax credit up to $8000 until September 30, 2010, and expand the credit to grant $6500 credit to current homeowners purchasing an existing home between November 7th 2009 and September 30, 2010.
Buy Sell Lease (BSL Real Estate) of Excelsior, MN encourages potential homebuyers to take advantage of such credits. The Lake Minnetonka area has developed a reputation as one of the most sought after areas in the Midwest—which may be discouraging to first-time homebuyers, but the area greatly offers options within the brackets of this bill. Around Lake Minnetonka there are many older quaint neighborhoods with starter homes along the lake, and of course, backlots are less expensive than a home with lake frontage.
In regards to the qualifications for these credits, you might be surprised by how many homebuyers would qualify. Here’s the breakdown: Under the Extended Home Buyer Tax Credit, credit may only be awarded on homes purchased for up to $800,000. Single buyers with incomes up to $125,000 and married couples with incomes up to $225,000 may receive the maximum tax credit. However, if you exceed these limits you may still be eligible for the credit. And, if the buyer occupies the home for three or more years the tax credit does NOT need to be repaid.
For further information regarding H.R. 5623 please contact Buy Sell Lease (BSL Real Estate)
O: 952.460.3420
F: 952.460.3421
E: Travis@BuySellLeaseMN.com
All the best,
Travis Senenfelder
BSL Real Estate
440 2nd St., Excelsior, MN 55331
An Update to the Landlord/Tenant Laws
Significant changes were made to landlord-tenant laws at the 2010 Minnesota legislative session this past May. The topics vary from late fees, to abandoned personal property, to federal foreclosure notice conformity. BSL Real Estate believes it’s important to have both well-informed clients and employees, and with that being said I’ve supplied a brief synopsis of some major changes.
All and all, there were eight landlord-tenant regulation topics that were subject to change during this last session and here they are (in a nutshell).
1. Cash Receipts: Management is now required to immediately provide a written receipt for payments made in cash.
2. Application-Screening Fees: In regards to applicant screening fees, here are the landlord’s MUST NOTS: A landlord may not collect or hold an applicant-screening fee without providing a written receipt for the fee upon request of the applicant. Nor may a landlord use cash, or deposit an applicant-screening fee until all prior applicants have either been screened or rejected, or offered the unit and declined to enter into a rental agreement. A landlord must also return the applicant fee if a prior applicant is offered the unit and agrees to enter into a rental agreement.
Now for the MUSTS: A landlord must disclose in writing, prior to taking the applicant screening fee, the criteria on which decision to rent will be based. Also, a landlord must notify the applicant within fourteen days of rejection, identifying the criteria the applicant failed to meet, and must return the application-screening fee if the applicant is rejected for any reason not listed in the required disclosure. Finally, a prospective tenant who provides materially false information on the application or omits material information requested is liable for damages, plus a civil penalty up to $500, civil court filing costs, and reasonable attorney fees.
3. Attorney Fees: For those residential leases that contain a provision providing that management may collect attorneys fees from the resident will now be construed to provide residents the right to collect attorney fees if successful in a legal action. Resident collection of attorney fees will be limited to the same type of action, the same circumstances, and to the same extent that management would be allowed to collect from the resident under the lease.
4. Abandoned Personal Property: This law has changed from 60 days to 28 days. This means management must now only retain the property for 28 days.
5. Late Fees: Fees for late payments are now up to 8% of the overdo rent payment.
6. Bad Faith Retention of Security: The specific additional bad faith penalty for management not returning or accounting for a security deposit increased to a maximum of $500.
7. Single Meter Buildings: There is now a penalty for violating conditions of separate utility billing in single-meter buildings.
8. Federal Foreclosure Notice Conformity: Under federal law, rental residents in foreclosed properties must be provided at least 90 days notice to vacate after the end of the redemption period rather than the two months required under state law. State law will conform to federal foreclosure law until the federal law sunsets on December 31, 2012 at which time the state law will returns to the two month notice requirement.
I hope this update helpful and if you have any further questions regarding landlord-tenant laws please contact me at Buy Sell Lease (BSL Realty)
O: 952.460.3420
F: 952.460.3421
E: Travis@BuySellLeaseMN.com
All the best,
Travis Senenfelder
BSL Real Estate
440 2nd St., Excelsior, MN 55331
All and all, there were eight landlord-tenant regulation topics that were subject to change during this last session and here they are (in a nutshell).
1. Cash Receipts: Management is now required to immediately provide a written receipt for payments made in cash.
2. Application-Screening Fees: In regards to applicant screening fees, here are the landlord’s MUST NOTS: A landlord may not collect or hold an applicant-screening fee without providing a written receipt for the fee upon request of the applicant. Nor may a landlord use cash, or deposit an applicant-screening fee until all prior applicants have either been screened or rejected, or offered the unit and declined to enter into a rental agreement. A landlord must also return the applicant fee if a prior applicant is offered the unit and agrees to enter into a rental agreement.
Now for the MUSTS: A landlord must disclose in writing, prior to taking the applicant screening fee, the criteria on which decision to rent will be based. Also, a landlord must notify the applicant within fourteen days of rejection, identifying the criteria the applicant failed to meet, and must return the application-screening fee if the applicant is rejected for any reason not listed in the required disclosure. Finally, a prospective tenant who provides materially false information on the application or omits material information requested is liable for damages, plus a civil penalty up to $500, civil court filing costs, and reasonable attorney fees.
3. Attorney Fees: For those residential leases that contain a provision providing that management may collect attorneys fees from the resident will now be construed to provide residents the right to collect attorney fees if successful in a legal action. Resident collection of attorney fees will be limited to the same type of action, the same circumstances, and to the same extent that management would be allowed to collect from the resident under the lease.
4. Abandoned Personal Property: This law has changed from 60 days to 28 days. This means management must now only retain the property for 28 days.
5. Late Fees: Fees for late payments are now up to 8% of the overdo rent payment.
6. Bad Faith Retention of Security: The specific additional bad faith penalty for management not returning or accounting for a security deposit increased to a maximum of $500.
7. Single Meter Buildings: There is now a penalty for violating conditions of separate utility billing in single-meter buildings.
8. Federal Foreclosure Notice Conformity: Under federal law, rental residents in foreclosed properties must be provided at least 90 days notice to vacate after the end of the redemption period rather than the two months required under state law. State law will conform to federal foreclosure law until the federal law sunsets on December 31, 2012 at which time the state law will returns to the two month notice requirement.
I hope this update helpful and if you have any further questions regarding landlord-tenant laws please contact me at Buy Sell Lease (BSL Realty)
O: 952.460.3420
F: 952.460.3421
E: Travis@BuySellLeaseMN.com
All the best,
Travis Senenfelder
BSL Real Estate
440 2nd St., Excelsior, MN 55331
Remembering The Excelsior Amusement Park
It’s been over 35 years since the Excelsior Amusement Park decided to close their gates. Most of what was the amusement park is now site to a couple of restaurants and condominiums, but what remains are the local stories and few known artifacts that make this town an important piece of Minnesota’s history.
The Excelsior Amusement Park is important because it served as the primary amusement park to the Twin Cities prior to Valley Fair. It was a park inspired by Coney Island, and like Coney Island it too had rollercoaster that went by the name, The Cyclone. Along with the rollercoaster, Excelsior Amusement Park was home to a ferris wheel, bumper cars, boat rides, a fun house, and a carousel.
During the 1940’s, 50’s, and 60’s the ballroom was a popular hangout for people from all over the Twin Cities—especially teenagers. The ballroom was host to many popular musical acts, including Lawrence Welk, Tommy Dorsey, The Beach Boys, and the Rolling Stones. Excelsior is also home to the legendary “Mr. Jimmy,” who was believed to be the inspiration to the Rolling Stone’s You Can’t Always Get What You Want.
One of the remaining pieces of the old amusement park is the Allemarinda and James Wyer house, which from 1925 to 1974 housed the managers of the park. A few years after the park stopped operations in 1973, the National Register of Historical Places added the home to its prestigious list. Today, you can visit the home, which is known as The Christopher Bed and Breakfast.
Another important piece from the park is now located in nearby Shakopee, MN. In 1976, The Excelsior Amusement Park relocated its Philadelphia Toboggan carousel to Valley Fair, which is now the Twin Cities’ primary amusement park. The carousel was in service during the entire operation of the Excelsior Amusement Park, and still runs service to this day at Valley fair.
Working at BSL Real Estate in a historically rich area such as Excelsior is an amazing thing. Even though few mere artifacts are left from this specific piece of history, the stories and memories are engrained in this beautiful town’s DNA—and will be for generations to come.
If you have any further questions regarding the old Excelsior Amusement Park contact Buy Sell Lease (BSL)
O: 952.460.3420
F: 952.460.3421
E: Travis@BuySellLeaseMN.com
Best,
Travis Senenfelder
BSL Real Estate
The Excelsior Amusement Park is important because it served as the primary amusement park to the Twin Cities prior to Valley Fair. It was a park inspired by Coney Island, and like Coney Island it too had rollercoaster that went by the name, The Cyclone. Along with the rollercoaster, Excelsior Amusement Park was home to a ferris wheel, bumper cars, boat rides, a fun house, and a carousel.
During the 1940’s, 50’s, and 60’s the ballroom was a popular hangout for people from all over the Twin Cities—especially teenagers. The ballroom was host to many popular musical acts, including Lawrence Welk, Tommy Dorsey, The Beach Boys, and the Rolling Stones. Excelsior is also home to the legendary “Mr. Jimmy,” who was believed to be the inspiration to the Rolling Stone’s You Can’t Always Get What You Want.
One of the remaining pieces of the old amusement park is the Allemarinda and James Wyer house, which from 1925 to 1974 housed the managers of the park. A few years after the park stopped operations in 1973, the National Register of Historical Places added the home to its prestigious list. Today, you can visit the home, which is known as The Christopher Bed and Breakfast.
Another important piece from the park is now located in nearby Shakopee, MN. In 1976, The Excelsior Amusement Park relocated its Philadelphia Toboggan carousel to Valley Fair, which is now the Twin Cities’ primary amusement park. The carousel was in service during the entire operation of the Excelsior Amusement Park, and still runs service to this day at Valley fair.
Working at BSL Real Estate in a historically rich area such as Excelsior is an amazing thing. Even though few mere artifacts are left from this specific piece of history, the stories and memories are engrained in this beautiful town’s DNA—and will be for generations to come.
If you have any further questions regarding the old Excelsior Amusement Park contact Buy Sell Lease (BSL)
O: 952.460.3420
F: 952.460.3421
E: Travis@BuySellLeaseMN.com
Best,
Travis Senenfelder
BSL Real Estate
Wednesday, August 4, 2010
Lake Home Tips
If “near the lake” just won’t cut it, consider these helpful tips before purchasing a lake home:
Determine an area. To start off the buying process, your first plan of action should be determining which city you would be spending the rest of your boating days. Try creating a list of your top potential cities, and then narrow down the search by looking at the different lakes they have to offer. For instance, if Maple Grove seems like a right fit, would you prefer Bass Lake or Weaver Lake? If Plymouth is where you want to start anew, are you going to reside by Medicine Lake or Gleason Lake? Etc.
Get to know the different lakes within that area. With so many lakes to choose from, finding the right one for you and your family may be difficult. Make sure to research each lake in order to compare and contrast. Then choose a lake that coincides with your income, family situation and personal hobbies.
Gain a comprehensive understanding of the lake. Since you’re purchasing a lake home, you’d better get acquainted with your soon-to-be neighbor. Take into account the different dynamics of the lake in question:
-Are there nearby amenities such as marinas and restaurants?
-What are the lake’s rules? Do they allow jet skis, racing boats?
-What about fishing regulations?
-Is my property along deep or shallow waters?
-If I want to increase my dock size or add an out building, are there any covenants or restrictions preventing this?
Check out different properties on the lake you choose. Realize property worth depends on several factors such as: full views, deep water, flat lake lots and the location itself.
Find the right price. Make sure you find a property that fits within your financial constraints and still incorporates your basic wants and needs. While purchasing the property may seem like your only monetary concern, it is only half of the equation. Each city and township’s cost of living is distinct. Sure you may be able to afford purchasing a home on Lake Minnetonka, but can you afford living among that community in ten years’ time?
Know the property inside and out. Always physically examine the property before you contemplate buying. Collect as much documentation regarding the property as humanly possible. Documents such as surveys, set backs, tax records, disclosures and plots are invaluable in helping you realize the full gravity of your purchase.
Each and every lake is inherently unique. It is important to fully comprehend your purchase decision in order to assess the quality and magnitude of your future life.
I believe everyone should walk into a purchase knowing exactly what he or she is getting into. As a licensed Lake Minnetonka realtor, I am an expert on lake homes and lake property within the market. I’d love to discuss with you in detail about the process of buying a lake home and all that it entails. Please give me a call at 651-216-9466 today to take the next step in your life.
All the best,
Travis Senenfelder
BSL Real Estate
440 2nd St.
Excelsior, MN 5331
http://www.buysellleasemn.com/
To preview Lake Minnetonka rental property visit: http://www.MetroRentalsOnline.com
Determine an area. To start off the buying process, your first plan of action should be determining which city you would be spending the rest of your boating days. Try creating a list of your top potential cities, and then narrow down the search by looking at the different lakes they have to offer. For instance, if Maple Grove seems like a right fit, would you prefer Bass Lake or Weaver Lake? If Plymouth is where you want to start anew, are you going to reside by Medicine Lake or Gleason Lake? Etc.
Get to know the different lakes within that area. With so many lakes to choose from, finding the right one for you and your family may be difficult. Make sure to research each lake in order to compare and contrast. Then choose a lake that coincides with your income, family situation and personal hobbies.
Gain a comprehensive understanding of the lake. Since you’re purchasing a lake home, you’d better get acquainted with your soon-to-be neighbor. Take into account the different dynamics of the lake in question:
-Are there nearby amenities such as marinas and restaurants?
-What are the lake’s rules? Do they allow jet skis, racing boats?
-What about fishing regulations?
-Is my property along deep or shallow waters?
-If I want to increase my dock size or add an out building, are there any covenants or restrictions preventing this?
Check out different properties on the lake you choose. Realize property worth depends on several factors such as: full views, deep water, flat lake lots and the location itself.
Find the right price. Make sure you find a property that fits within your financial constraints and still incorporates your basic wants and needs. While purchasing the property may seem like your only monetary concern, it is only half of the equation. Each city and township’s cost of living is distinct. Sure you may be able to afford purchasing a home on Lake Minnetonka, but can you afford living among that community in ten years’ time?
Know the property inside and out. Always physically examine the property before you contemplate buying. Collect as much documentation regarding the property as humanly possible. Documents such as surveys, set backs, tax records, disclosures and plots are invaluable in helping you realize the full gravity of your purchase.
Each and every lake is inherently unique. It is important to fully comprehend your purchase decision in order to assess the quality and magnitude of your future life.
I believe everyone should walk into a purchase knowing exactly what he or she is getting into. As a licensed Lake Minnetonka realtor, I am an expert on lake homes and lake property within the market. I’d love to discuss with you in detail about the process of buying a lake home and all that it entails. Please give me a call at 651-216-9466 today to take the next step in your life.
All the best,
Travis Senenfelder
BSL Real Estate
440 2nd St.
Excelsior, MN 5331
http://www.buysellleasemn.com/
To preview Lake Minnetonka rental property visit: http://www.MetroRentalsOnline.com
Stay On The Lake No Matter Your Income
Boasting a massive shoreline with over 125 miles of extravagant homes and historic estates, Lake Minnetonka is one of the largest lakes in the state of Minnesota (and believe me, that’s saying something due to Minnesota having 10,000 lakes). Minnetonka, a name given by the earliest Dakota Indian inhabitants, means “Big Waters.” With nearly 15,000 acres of square feet featuring numerous bays and islands, I’d say the title is more than appropriate.
Located almost entirely within Hennepin County, Lake Minnetonka is a bustling medley of beautiful scenery, rich history and constant activity. You really can’t go wrong here. There are enough lakeside restaurants, fishing spots, and beaches to keep boredom at bay indefinitely. With so many sailboats, speedboats and charter yachts sprinkled about; you may ask yourself, “Just where exactly do all these people come from?”
Your natural response may be the lavish lakeside properties adorned with huge porches and freshly cut grass; however, this is far from the truth. Sure, there are thousands of residents whose boat is a little past their living rooms. Even so, there are more Lake Minnetonka aficionados off the water than you may think.
Let’s face it: Lake Minnetonka isn’t cheap. If you’ve got your heart set on your own personal piece of shoreline sanctuary, ready your pocketbook (and psyche, for that matter). Lake living starts around $389,000 and plateaus on the upwards of $20 million. Aside from the undeniably lofty investment, expect to pay high property taxes due to geographic location. Any way you look at it, the end result is certain to exhaust your finances.
With a dozen municipalities encompassing the lake, there is no shortage of lots and homes off the water. Head a little further mainland and you’ll quickly discover you can purchase larger properties around Minnetonka with considerably less taxation. Older cabins scattered throughout the area – some dilapidated – are prime candidates for large and small-scale restoration. Whatever you may be looking for, the countless amounts of Minnetonka marinas are sure to accommodate all your boating needs. Let me find the home you have been looking for, and we’ll simply slip your boat down the road.
Don’t let your income get in the way of a Lake Minnetonka lifestyle. If you are interested in buying a home within the Hennepin County area of Lake Minnetonka area, I am the realtor for you. Having an intimate knowledge of the cities and townships around the lake, such as Wayzata, Mound, Orono and Excelsior, I am more than hopeful we can get you near the lake in no time. Give me, Travis Senenfelder, a call today at 651-216-9466 or pay my website a visit at http://www.buysellleasemn.com/. For rental property available around Lake Minnetonka check out http://www.MetroRentalsOnline.com
For everything Lake Minnetonka: http://www.lakeminnetonka.com/
Located almost entirely within Hennepin County, Lake Minnetonka is a bustling medley of beautiful scenery, rich history and constant activity. You really can’t go wrong here. There are enough lakeside restaurants, fishing spots, and beaches to keep boredom at bay indefinitely. With so many sailboats, speedboats and charter yachts sprinkled about; you may ask yourself, “Just where exactly do all these people come from?”
Your natural response may be the lavish lakeside properties adorned with huge porches and freshly cut grass; however, this is far from the truth. Sure, there are thousands of residents whose boat is a little past their living rooms. Even so, there are more Lake Minnetonka aficionados off the water than you may think.
Let’s face it: Lake Minnetonka isn’t cheap. If you’ve got your heart set on your own personal piece of shoreline sanctuary, ready your pocketbook (and psyche, for that matter). Lake living starts around $389,000 and plateaus on the upwards of $20 million. Aside from the undeniably lofty investment, expect to pay high property taxes due to geographic location. Any way you look at it, the end result is certain to exhaust your finances.
With a dozen municipalities encompassing the lake, there is no shortage of lots and homes off the water. Head a little further mainland and you’ll quickly discover you can purchase larger properties around Minnetonka with considerably less taxation. Older cabins scattered throughout the area – some dilapidated – are prime candidates for large and small-scale restoration. Whatever you may be looking for, the countless amounts of Minnetonka marinas are sure to accommodate all your boating needs. Let me find the home you have been looking for, and we’ll simply slip your boat down the road.
Don’t let your income get in the way of a Lake Minnetonka lifestyle. If you are interested in buying a home within the Hennepin County area of Lake Minnetonka area, I am the realtor for you. Having an intimate knowledge of the cities and townships around the lake, such as Wayzata, Mound, Orono and Excelsior, I am more than hopeful we can get you near the lake in no time. Give me, Travis Senenfelder, a call today at 651-216-9466 or pay my website a visit at http://www.buysellleasemn.com/. For rental property available around Lake Minnetonka check out http://www.MetroRentalsOnline.com
For everything Lake Minnetonka: http://www.lakeminnetonka.com/
318 Cafe
Having an office in downtown Excelsior sure has its perks. Aside from the gorgeous surroundings, I am always in the midst of exciting public events, great food and live performances. Right around the corner from my office, adjacent to the Excelsior Farmers’ Market, lies the 318 café. As owners Matty O’Reilly and Tom Peterson simplify: 318 is a “café & coffeehouse by day, live music listening room by night.” Being an experienced veteran of the food and drink here, I can confidently say this place has some quality eats. The menu, which has received a significant overhaul lately, offers a vast array of breakfast, lunch and dinner options. Couple this with an even larger beverage menu and you’ve got a winner. The food is made from scratch and always keeps a healthy outlook in mind. While you can go off the deep end with the affordable wine and out-of-this-world red velvet cupcakes, there is enough salad and rustic pizza to keep your calories in check. No matter which path you take; the ingredients are fresh and the taste is always top-notch.
Known equally as an established music venue, 318 comes alive with local talent after dark. With performances almost every night, the venue hosts some of the Twin Cities finest artists – established and otherwise. Whether it’s to make a name for oneself or just to let off some steam, 318 invites musicians from all walks of life to take the center stage during their open mic night. Grab your instrument of choice and simply stop in to register for a 20-minute slot this Wednesday, August 4th.
Regardless if you’re grabbing a bite or settling down for a glass of red, the 318 café is just another testament to this lively community. I am more than happy to swing by and listen to some quality music with you as we discuss why Excelsior is such a special place to live (aside from 318’s amazing tacos).
Please give me a call with any real estate questions or concerns at 651-216-9466, or visit my office right down the road on 440 2nd St., Excelsior, MN 55331. For any information regarding my real estate experience, you can view my website at http://www.buysellleasemn.com/.
All the best,
Travis Senenfelder
BSL Real Estate
318 Café:
318 Water Street
Excelsior, MN 55331
952-401-7902
For more information and a list of upcoming performances, go to: http://www.three-eighteen.com/
Known equally as an established music venue, 318 comes alive with local talent after dark. With performances almost every night, the venue hosts some of the Twin Cities finest artists – established and otherwise. Whether it’s to make a name for oneself or just to let off some steam, 318 invites musicians from all walks of life to take the center stage during their open mic night. Grab your instrument of choice and simply stop in to register for a 20-minute slot this Wednesday, August 4th.
Regardless if you’re grabbing a bite or settling down for a glass of red, the 318 café is just another testament to this lively community. I am more than happy to swing by and listen to some quality music with you as we discuss why Excelsior is such a special place to live (aside from 318’s amazing tacos).
Please give me a call with any real estate questions or concerns at 651-216-9466, or visit my office right down the road on 440 2nd St., Excelsior, MN 55331. For any information regarding my real estate experience, you can view my website at http://www.buysellleasemn.com/.
All the best,
Travis Senenfelder
BSL Real Estate
318 Café:
318 Water Street
Excelsior, MN 55331
952-401-7902
For more information and a list of upcoming performances, go to: http://www.three-eighteen.com/
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