About Me
My mission is simple: to help you develop YOUR personal wealth and realize YOUR real estate goals by capitalizing on my expertise, experience, advice, resources, brokerage, and training to successfully close your real estate transaction.
I'm a Hard Working, Down-To-Earth, Innovative REALTOR® serving the Northern Minneapolis Saint Paul Twin Cities Metro Area in Minnesota, including (but certainly not limited to) the communities of: Blaine, Coon Rapids, Lino Lakes, Ham Lake, and Andover.
I provide residential and investment real estate services, including BPO and REO Services for: All of Anoka County, Northern Hennepin County, Northern Ramsey County, Northern Washington County, Southern Isanti County, Southern Chisago County, Southern Mille Lacs County, Eastern Wright County and Eastern Sherburne County.
Let me be your trusted advisor for foreclosure properties including: Bank/Corporate Owned REOs and Short Sales.
In today's ever-changing real estate market, you need to be aligned with proven professionals who will look after your best interests exclusively, and this is especially true of REO properties and Short Sale Transactions. Buying a bank owned or foreclosure property is very different when compared to the traditional real estate transactions of the past.
Whether you are looking for a home as a primary residence or a property to invest in, you need to be aware of the unique process, advantages, disadvantages, and criteria involved in this type of purchase BEFORE you wade through the ever increasing and often outdated pool of foreclosure and short sale listings. Starting off with a MN REO Trained Professional - particularly one who will respond to your needs quickly, thoroughly, and efficiently - is crucial to your success.
You've no doubt heard that real estate is all about "location, location, location" and its true! While some real estate agents rely on outdated methods or gimmicks, Patti Ann Kasper enhances your negotiating position by incorporating the latest Geographic Analysis and Geographic Information technologies. Her technical approach to the Twin Cities Metro's real estate market correctly prices your home, investment property, or business and pinpoints the quite cul-de-sac, investment property, or business opportunity that you seek. Patti Ann Kasper is determined to make you the best informed home buyer or seller in your neighborhood - because when it comes to real estate, knowledge is power - and it saves you money!
My Northern Twin Cities Area roots are backed up by these credentials:
Specialties:
* Working with home Buyers - First time or experienced buyers.
* Working with home Sellers - Aggressively marketing your listing.
* Working with REOs for Banks - Performing BPOs and agressively marketing properties.
* Working with Investors - Analyzing profit potential.
* Previewing homes for buyers, especially those with physical challenges.
Professional Experience
* Using geographic analysis to help buy or sell your home, property, or business.
* Analyzing the Twin Cities real estate market.
* Researching your preferred neighborhood/area.
Degrees
* Associates of Science - Geographic Information Systems and Cartography
* Associates of Occupational Studies - Electronics Engineering Technology
Geographic Information Systems and Cartography Industry Affiliations
* Geospatial Information & Technology Association (GITA).
* Minnesota Geographic Information Systems/Land Information Systems (Mn. GIS/LIS) Consortium
* Cartography and Geographic Information Society (CaGIS)
Real Estate Industry Affiliations
* North Metro Realtors' Association
* Minnesota Association of Realtors
* National Association of Realtors
My geographic and technical skills give me an edge in the Twin Cities real estate market:
* Statistical data analysis used to determine optimum price.
* Geographic analysis of your home and neighborhood.
* Internet skills to market your home on a myriad of websites and blogs.
* Search engine optimiation (SEO) to give prospective buyers "one-click" access into YOUR home or property.
* Using SEO to rank your property high on search engines like Google.
* Technical abilities that make me very detail oriented.
I focus on the Northern Suburbs and Exurbs of the Minneapolis Saint Paul Twin Cities Metro Area in Minnesota including: Lino Lakes, Blaine, Coon Rapids, Andover, Ham Lake, Columbus Township, Linwood Township, Lexington, Circle Pines, Champlin, Anoka, Ramsey, Elk River, Otsego, Monticello, Big Lake, Becker, Burns Township, Maple Lake, Rogers, Dayton, Albertville, St. Michael, Fridley, Spring Lake Park, Arden Hills, Shoreview, New Brighton, Mounds View, Maple Grove, Osseo, Forest Lake, Centerville, Scandia, Saint Francis, Oak Grove, Columbus Township, Bethel, and East Bethel.
I'm a Hard Working, Down-To-Earth, Innovative REALTOR® serving the Northern Minneapolis Saint Paul Twin Cities Metro Area in Minnesota, including (but certainly not limited to) the communities of: Blaine, Coon Rapids, Lino Lakes, Ham Lake, and Andover.
I provide residential and investment real estate services, including BPO and REO Services for: All of Anoka County, Northern Hennepin County, Northern Ramsey County, Northern Washington County, Southern Isanti County, Southern Chisago County, Southern Mille Lacs County, Eastern Wright County and Eastern Sherburne County.
Let me be your trusted advisor for foreclosure properties including: Bank/Corporate Owned REOs and Short Sales.
In today's ever-changing real estate market, you need to be aligned with proven professionals who will look after your best interests exclusively, and this is especially true of REO properties and Short Sale Transactions. Buying a bank owned or foreclosure property is very different when compared to the traditional real estate transactions of the past.
Whether you are looking for a home as a primary residence or a property to invest in, you need to be aware of the unique process, advantages, disadvantages, and criteria involved in this type of purchase BEFORE you wade through the ever increasing and often outdated pool of foreclosure and short sale listings. Starting off with a MN REO Trained Professional - particularly one who will respond to your needs quickly, thoroughly, and efficiently - is crucial to your success.
You've no doubt heard that real estate is all about "location, location, location" and its true! While some real estate agents rely on outdated methods or gimmicks, Patti Ann Kasper enhances your negotiating position by incorporating the latest Geographic Analysis and Geographic Information technologies. Her technical approach to the Twin Cities Metro's real estate market correctly prices your home, investment property, or business and pinpoints the quite cul-de-sac, investment property, or business opportunity that you seek. Patti Ann Kasper is determined to make you the best informed home buyer or seller in your neighborhood - because when it comes to real estate, knowledge is power - and it saves you money!
My Northern Twin Cities Area roots are backed up by these credentials:
Specialties:
* Working with home Buyers - First time or experienced buyers.
* Working with home Sellers - Aggressively marketing your listing.
* Working with REOs for Banks - Performing BPOs and agressively marketing properties.
* Working with Investors - Analyzing profit potential.
* Previewing homes for buyers, especially those with physical challenges.
Professional Experience
* Using geographic analysis to help buy or sell your home, property, or business.
* Analyzing the Twin Cities real estate market.
* Researching your preferred neighborhood/area.
Degrees
* Associates of Science - Geographic Information Systems and Cartography
* Associates of Occupational Studies - Electronics Engineering Technology
Geographic Information Systems and Cartography Industry Affiliations
* Geospatial Information & Technology Association (GITA).
* Minnesota Geographic Information Systems/Land Information Systems (Mn. GIS/LIS) Consortium
* Cartography and Geographic Information Society (CaGIS)
Real Estate Industry Affiliations
* North Metro Realtors' Association
* Minnesota Association of Realtors
* National Association of Realtors
My geographic and technical skills give me an edge in the Twin Cities real estate market:
* Statistical data analysis used to determine optimum price.
* Geographic analysis of your home and neighborhood.
* Internet skills to market your home on a myriad of websites and blogs.
* Search engine optimiation (SEO) to give prospective buyers "one-click" access into YOUR home or property.
* Using SEO to rank your property high on search engines like Google.
* Technical abilities that make me very detail oriented.
I focus on the Northern Suburbs and Exurbs of the Minneapolis Saint Paul Twin Cities Metro Area in Minnesota including: Lino Lakes, Blaine, Coon Rapids, Andover, Ham Lake, Columbus Township, Linwood Township, Lexington, Circle Pines, Champlin, Anoka, Ramsey, Elk River, Otsego, Monticello, Big Lake, Becker, Burns Township, Maple Lake, Rogers, Dayton, Albertville, St. Michael, Fridley, Spring Lake Park, Arden Hills, Shoreview, New Brighton, Mounds View, Maple Grove, Osseo, Forest Lake, Centerville, Scandia, Saint Francis, Oak Grove, Columbus Township, Bethel, and East Bethel.
My Q&A
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Patti Ann Ka…'s Questions (0)
Patti Ann Ka…'s Answers (63)
Patti Ann Kasper, GRI answered:
The ability to purchase a home depends on much more than just your credit score. Your amount of debt, income, assets, and liabilities are also primary factors.
Do you have savings? Can you afford a downpayment, earnest money, appraisal, insurance rider, home inspection fee, and utility deposits? If you can, then you might want to contact a loan officer to see what (if anything) you qualify for. If not, then your credit score doesn't really matter because you are not ready yet. But even if you are not ready yet, call a couple of Loan Officers, find one you like, and ask them to help you come up with a plan to improve your credit score in the meantime.
By the way, Minnesota has laws that are very different from other states so please, do not rely on answers from people who are out-of-state.
Do you have savings? Can you afford a downpayment, earnest money, appraisal, insurance rider, home inspection fee, and utility deposits? If you can, then you might want to contact a loan officer to see what (if anything) you qualify for. If not, then your credit score doesn't really matter because you are not ready yet. But even if you are not ready yet, call a couple of Loan Officers, find one you like, and ask them to help you come up with a plan to improve your credit score in the meantime.
By the way, Minnesota has laws that are very different from other states so please, do not rely on answers from people who are out-of-state.
Patti Ann Kasper, GRI answered:
You should be able to get your earnest money back because your financing fell through. Sorry to hear about your situation. Unfortunately, since the guidelines were changed, I don't think there is anything you can do. You may be able to qualify for something else if you can come up with a downpayment. Talk to your Loan Officer and if he can't help you, find a good mortgage broker (unlike a bank or big mortgage compaies, a broker can shop many different sources for loans). See if they have anything that will work for you.
Patti Ann Kasper, GRI answered:
Yes! You entered into a contract and the penalty for breaking the contract is giving up your earnest money. This is exactly why earnest money is required. You tied up that Seller and took their home off the market and by doing so, you prevented the Seller from accepting other offers. You have harmed the Seller and you owe them the earnest money as "liquidated damages".
Do unto others as you would have them do unto you! Would you want someone to treat you in a manner that is unethical, immoral, and illegal?
Lesson #1 - Do not sign a Purchase Agreement unless you are ready, willing, and able to complete the sale.
Do unto others as you would have them do unto you! Would you want someone to treat you in a manner that is unethical, immoral, and illegal?
Lesson #1 - Do not sign a Purchase Agreement unless you are ready, willing, and able to complete the sale.
Patti Ann Kasper, GRI answered:
The answer is that there really is no "standard" practice. Just as some banks use the LIBOR and others use Treasuries or other economic indicators to set interest rates; different lenders use different practices to determine rates.
And here's the kicker... The "normal" rate from Lender #2 might actually be higher than the rate from Lender #1 even with the extra .5%.
I'd also like to say that Joe The Builder has a good point... You want to be careful to protect your investment. Minnesota law provides plenty of protection for spouses, but not for girlfriends. You may have to take possession as Co-Owners rather than Joint Tenants. And there is a pretty big difference there if something should happen to you or your boyfriend.
In a Co-Ownership situation, if one of the owners dies, their interest in the property passes to his or her heirs and the property goes through probate. In a Joint Tenant situation, if one of the owners dies, their interest in the property automatically passes to the other owner.
And here's the kicker... The "normal" rate from Lender #2 might actually be higher than the rate from Lender #1 even with the extra .5%.
I'd also like to say that Joe The Builder has a good point... You want to be careful to protect your investment. Minnesota law provides plenty of protection for spouses, but not for girlfriends. You may have to take possession as Co-Owners rather than Joint Tenants. And there is a pretty big difference there if something should happen to you or your boyfriend.
In a Co-Ownership situation, if one of the owners dies, their interest in the property passes to his or her heirs and the property goes through probate. In a Joint Tenant situation, if one of the owners dies, their interest in the property automatically passes to the other owner.
Patti Ann Kasper, GRI answered:
Amber, while it is a little difficult to tell from the information you provided if the property was pre-sheriff's sale or post-sheriff's sale, that really doesn't have very much to do with the amount of money the bank is going to want for the property.
The bank or lender will order at least one and possibly several broker price opinions (BPOs) and/or appraisals. Then they get input from their investors and combine that with market data to determine the price the will sell the property for. It is all in the numbers.
I do BPOs for several lenders. When I have a Buyer that is interested in a short sale or bank owned property, I just do the exact same BPO type of analysis to help my Buyer decide the price to offer. Ask your Buyer's Agent if they do BPOs and if they do, they can apply the same analysis skills to your purchase and guide you.
It costs the banks big bucks (I've seen estimates as high as $35,000) to actually take the property back at the end of the redemption period, so they will more motivated before they have to shell out that $35,000 in legal fees. After that, they may actually want more for the property. And if property value in general start to rise, the amount they will want for the property will rise as well. And the amount they want may change every 30 days.
Also, in case you are not aware... Minnesota real estate laws and practices are fairly unique and information provided by those who are not licensed here is very likely to be wrong. Our laws are very consumer friendly and that makes us very unusual.
The bank or lender will order at least one and possibly several broker price opinions (BPOs) and/or appraisals. Then they get input from their investors and combine that with market data to determine the price the will sell the property for. It is all in the numbers.
I do BPOs for several lenders. When I have a Buyer that is interested in a short sale or bank owned property, I just do the exact same BPO type of analysis to help my Buyer decide the price to offer. Ask your Buyer's Agent if they do BPOs and if they do, they can apply the same analysis skills to your purchase and guide you.
It costs the banks big bucks (I've seen estimates as high as $35,000) to actually take the property back at the end of the redemption period, so they will more motivated before they have to shell out that $35,000 in legal fees. After that, they may actually want more for the property. And if property value in general start to rise, the amount they will want for the property will rise as well. And the amount they want may change every 30 days.
Also, in case you are not aware... Minnesota real estate laws and practices are fairly unique and information provided by those who are not licensed here is very likely to be wrong. Our laws are very consumer friendly and that makes us very unusual.
My Blog Posts
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My Listings
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Specialties
* Working with home Buyers - First time or experienced buyers.
* Working with home Sellers - Aggressively marketing your listing.
* Working with REOs for Banks - Performing BPOs and agressively marketing REO properties.
* Working with Investors - Analyzing profit potential.
* Previewing homes for buyers, especially those with physical challenges
Let me be your trusted advisor for foreclosure properties including: Bank/Corporate Owned REOs and Short Sales.
In today's ever-changing real estate market, you need to be aligned with proven professionals who will look after your best interests exclusively, and this is especially true of REO properties and Short Sale Transactions. Buying a bank owned or foreclosure property is very different when compared to the traditional real estate transactions of the past.
Whether you are looking for a home as a primary residence or a property to invest in, you need to be aware of the unique process, advantages, disadvantages, and criteria involved in this type of purchase BEFORE you wade through the ever increasing and often outdated pool of foreclosure and short sale listings. Starting off with a MN REO Trained Professional - particularly one who will respond to your needs quickly, thoroughly, and efficiently - is crucial to your success.
My geographic and technical skills give me an edge in the Twin Cities real estate market:
* Statistical data analysis used to determine optimum price.
* Geographic analysis of your home and neighborhood.
* Internet skills to market your home on a myriad of websites and blogs.
* Search engine optimiation (SEO) to give prospective buyers "one-click" access into YOUR home or property.
* Using SEO to rank your property high on search engines like Google.
* Technical abilities that make me very detail oriented.
* Working with home Sellers - Aggressively marketing your listing.
* Working with REOs for Banks - Performing BPOs and agressively marketing REO properties.
* Working with Investors - Analyzing profit potential.
* Previewing homes for buyers, especially those with physical challenges
Let me be your trusted advisor for foreclosure properties including: Bank/Corporate Owned REOs and Short Sales.
In today's ever-changing real estate market, you need to be aligned with proven professionals who will look after your best interests exclusively, and this is especially true of REO properties and Short Sale Transactions. Buying a bank owned or foreclosure property is very different when compared to the traditional real estate transactions of the past.
Whether you are looking for a home as a primary residence or a property to invest in, you need to be aware of the unique process, advantages, disadvantages, and criteria involved in this type of purchase BEFORE you wade through the ever increasing and often outdated pool of foreclosure and short sale listings. Starting off with a MN REO Trained Professional - particularly one who will respond to your needs quickly, thoroughly, and efficiently - is crucial to your success.
My geographic and technical skills give me an edge in the Twin Cities real estate market:
* Statistical data analysis used to determine optimum price.
* Geographic analysis of your home and neighborhood.
* Internet skills to market your home on a myriad of websites and blogs.
* Search engine optimiation (SEO) to give prospective buyers "one-click" access into YOUR home or property.
* Using SEO to rank your property high on search engines like Google.
* Technical abilities that make me very detail oriented.
Interests
I'm a real down-to-earth kind of person. I'm not the kind of person who has to drive a fancy car - I drive a 2002 4x4 pickup truck - which is much more practical when showing homes in rural areas, especially in the winter.
I love maps, geography, cultures, and demographics. Ever since I was a kid, I would study maps and wonder what it would be like to live in a certain place and what gives an area its "local flavor". I especially liked the maps that were in the alamanc; you know the ones that show what mining activities or what crops are grown there - I could study them for hours on end. I know, I'm weird! But that is part of what makes me such a great REALTOR
I love my goofy Basset Hound, Clyde - he's my House Hunting Hound! He's short and slobbery with long ears and a big heart - kinda like me, except for the long ears!
I also enjoy gardening, but my physical disabilities don't allow me to do too much these days.
Before becoming a REALTOR, I was a Research and Development Technician in the Electronics Industry where I helped develop microelectronic circuits (computer chips) and later a Telecommunications Technician and did installation, troubleshooting, and maintenance of high speed T1, T3, and fiber optic services for commercial customers. So that's where I get my technical abilities.
After I was injured in a car accident I had to re-invent myself due to physical limitations. Since I couldn't haul around the test equipment anymore, I decided I wanted to do something to help people. So I combined that desire with my life long interest in Geography and became a REALTOR.
I truly believe that every American should have the chance to own their own home, but I do not pressure or encourage anyone to purchase a home that is beyond their reach. The rule of thumb that I firmly believe in is - ideally, your housing costs should be approximately 1/3 of your gross income (30% to 40%). That way, you'll be able to STAY in your home if something unexpected happens! And believe me, something unexpected is bound to happen: cars break down, kids get sick, people get laid-off - all kinds of monkey wrenches can be thrown into your plans. Its better to start off small and work your way up. Being old enough to have lived through and survived the recessions of the 70's and 80's - I know how to prepare for and deal with hard times.
I love maps, geography, cultures, and demographics. Ever since I was a kid, I would study maps and wonder what it would be like to live in a certain place and what gives an area its "local flavor". I especially liked the maps that were in the alamanc; you know the ones that show what mining activities or what crops are grown there - I could study them for hours on end. I know, I'm weird! But that is part of what makes me such a great REALTOR
I love my goofy Basset Hound, Clyde - he's my House Hunting Hound! He's short and slobbery with long ears and a big heart - kinda like me, except for the long ears!
I also enjoy gardening, but my physical disabilities don't allow me to do too much these days.
Before becoming a REALTOR, I was a Research and Development Technician in the Electronics Industry where I helped develop microelectronic circuits (computer chips) and later a Telecommunications Technician and did installation, troubleshooting, and maintenance of high speed T1, T3, and fiber optic services for commercial customers. So that's where I get my technical abilities.
After I was injured in a car accident I had to re-invent myself due to physical limitations. Since I couldn't haul around the test equipment anymore, I decided I wanted to do something to help people. So I combined that desire with my life long interest in Geography and became a REALTOR.
I truly believe that every American should have the chance to own their own home, but I do not pressure or encourage anyone to purchase a home that is beyond their reach. The rule of thumb that I firmly believe in is - ideally, your housing costs should be approximately 1/3 of your gross income (30% to 40%). That way, you'll be able to STAY in your home if something unexpected happens! And believe me, something unexpected is bound to happen: cars break down, kids get sick, people get laid-off - all kinds of monkey wrenches can be thrown into your plans. Its better to start off small and work your way up. Being old enough to have lived through and survived the recessions of the 70's and 80's - I know how to prepare for and deal with hard times.
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