1.  MORE SIGNS ! ........ ....……….1
Mar 30 2010
 INSIGHTS .............. ……..…..2 www.exitrealtynexus.com
Connection
 HOME ON THE RANGE......…..3
KEEPING YOU ON THE CUTTING EDGE OF THE
BUSINESS OF REAL ESTATE
NEXUS "Get out of the blocks, run your race, stay
relaxed. If you run your race, you'll win.
Channel your energy. Focus." Carol Lewis
More Signs! A message from Frank D’Angelo
The first quarter of 2010 is already
they impact both consumer and REAL- is open to anyone who wants to grow their
over. The optimism that started the year’s TORS. As I look back at how most REAL- business or needs more support.
forecast was tempered with a relatively slow TORS did their jobs a few years ago VS
start in sales across the metro. A relativelytoday, I’m re-affirmed of the fact that no one I’m also excited about the newest office of
uneventful first quarter had much to do with person can really be effective in this indus- 14 agents planning to merge with us in
a reduction of available inventory being heldtry without the support of effective, local April. This group of agents will bring an
back by the banks. Going forward, we’re training; collaborative mind-sharing; men- incredible Nexus of cultures, languages and
experiencing a frenzy of first time homebuy- toring, networking and taking the initiative enthusiasm. Additionally, I’m also excited
ers positioning themselves for the looming to learn more each and every day. The most to be moving forward with a team of proven
tax credit deadline next month. successful agents have learned that; “You do and established producers who want to be
not become successful doing certain aligned with our Nexus here in the Anoka
Loss mitigation departments have been things; you become successful doing things area and the southern Twin Cities areas. Oh
scrambling to perform and improve their in a certain way”. Great agents focus on by the way, we’ve ordered more yard signs.
short sale processes and the FDIC is factor- doing things effectively to a point that their
ing a role in REO competition won’t bother competing. That Last but not least, make sure you look into
inventory as they effective effort makes that agent irreplace- our Giants Ridge Luxury
have taken over able which in turn may be the difference Vacation Resort options
several institu- between success and mediocrity. associated with 5% Buyer
tional banking Referrals and the Fractional
firms and their I’m particularly excited to see the growth Sales available. Contact
assets. Nuances and improvement of our three morning mas- Mike Peterson for more
are occurring termind groups who meet on Mondays, details or visit
every month in Tuesdays or Wednesdays from 8:30 - www.GETGR.COM
the industry and 9:15am. Each morning mastermind session
MARKET WATCH Data courtesy of MAAR
Feb 2010 Feb 2010 5.39 Homes
Listings Pendings on the Market Per
7,165 3,527 BUYER (March ‘10)
One-Year One-Year
Change:
Affordability Index:
Change:
213 (March ‘10)
+7.8% +6.4%

2. Insights
with Chris Kornberg
A look at the power of Mindsharing.
I switched brokerages decisions. Whether it is success- through their relocation process. us. He called back immediately
about 6 months ago and moved to fully closing a short sale, or find- All thanks to a couple hours a and was very helpful and knowl-
EXIT REALTY NEXUS. At the ing the correct sheriff’s sale bid week! Mindsharing and getting edgeable about the whole short
time, I had been toiling with short amount on their mortgages and the right information goes a long sale/foreclosing process. Chris is
sales being difficult and/or not informing them of their new way. also resourceful; he gave us a
closing. I took advantage of our rights and options, I am able to business referral so that we can
weekly training sessions, in par- do more for my clients. Thanks EDITOR’S NOTE: start repairing our credit. We
ticular the Mastermind Sessions. to knowing how these options would strongly recommend
Within 1 month, I closed 4, that’s work, I have even been success- I’ve received tremendous testi- Chris to our family and friends
right, 4 short sale transactions ful in helping people receive monials and comments regarding or anyone because we know that
that I had pretty much given up funds at closing Chris Kornberg over he will listen to their needs, and
on prior to coming to EXIT. I and save a fore- the past few months. take care of them from begin-
thought they were dead deals! closure on their ...within 1 month I Below are is a glow- ning to end. Not only did our
record. What a closed 4 short sale ing example: home sell, we feel we walked
I have learned a lot regarding the relief for my cli- transactions... away with a friend. Chris is the
foreclosure market including the ents; and, they “We wanted to take best!!”
short sale process and under bid now have peace a minute and thank June and Pheng Y., Monticello,
sheriff’s sale situations. With all of mind since this Chris for his im- MN.
this great information, I have is huge for future credit purposes! measurable assistance in the
been able to become a resource to It minimized the amount of time recent sale of our home. Chris is Comments or Questions?
help people know their options in it will take for them to purchase honest, caring and professional. Contact Chris at
regards to foreclosures and short another home. I am also currently Our initial contact was through 763-548-1474 or at
sales so they can make the best helping people in these situations a marketing letter that Chris sent ckornberg@exitrealtynexus.com
UPCOMING EVENTS
&
SPECIAL OCCASSIONS
April 2nd Happy Birthday Jenna Paulzine!!
April 20th Happy Birthday Karen Tobler!!
April 1th: MLS Invoice DUE!! ‐
MLS Invoice DUE!! ‐
www.northmetro.com
www.northmetro.com
April 6th: REBar Camp ‐
REBar Camp ‐
for details visit http://rebarcamp.com/minneapolis/
for details visit http://rebarcamp.com/minneapolis/
April 15th WCR Spring Fling Gala & Dress for Success Benefit
Bloomington, 11‐2 pm www.twincitieswcr.org for Details

3. Home on Michael W. Peterson is
“The Real Estate Guy” at The Lodge At Giants
the Range Ridge (www.LodgeAtGiantsRidge.com).
The Iron resort with 3 of the top 100 Fractional Real Estate. In
Range is a golf courses in the country, fact, people who own Frac- front desk. They can rent
diverse re-one of the top 5 ski resorts tional real estate often find the unused weeks to skiers,
gion with a rich past. The in the Midwest, 60 kilome- it is cheaper to own a lux- golfers, wedding parties
hardworking families that ters of groomed cross- ury condominium than it is and corporate events. Since
pulled the resources up country trails where the US to rent a small hotel room. it is deeded property it is
from the ground were the Olympic team has trained, This is possible because eligible for mortgage financ-
people that created the ma- 2000 miles of snowmobile Fractional ownership en- ing. Since it can be catego-
terials that literally built trails that lead all the way ables families (or individu- rized as second home own-
the country from the into Canada, 100 miles of als, or businesses) to get ership, it gets preferred tax
ground up. Each Range paved bicy- 100% of the bene- treatment and second-
community has its own cle trails fits of real estate home deductions from the
unique stories and attrac- that connect ...lasting ownership with IRS. Consult your financial
tions. a dozen his- memories that can only 20% of the advisor or accountant for
toric towns be found all year cost. details.
I love everything about the and some of
round...
Iron Range. In particular, the most The way this works Once you are up North,
The Giants Ridge area has gorgeous is that one property make sure you get a dose of
incredible natural beauty lakeshore available any- is divided into 5 one-fifth the history along with cre-
and is a wonderful escape where in the world. What a shares so that the owner of ating those lasting memo-
for hard working families. great place to own real es- each share gets to use the ries that can
The people are some of the tate! “But, Mike, I can’t property for 10 weeks per be found all
nicest folks I’ve met any- afford ownership at a top year. Since it’s a condo, all year round at
where in the world. There is resort” you might say. maintenance and upkeep is Giants Ridge.
so much to do that all gen- What if there was a better handled by the on-site
erations of the family can option than traditional Management company. Michael W.
find plenty of things to en- ownership? Peterson
joy together. The Giants Since most families won’t can be reached at
Ridge area, in the quaint I am so glad to tell you use all 10 of their weeks (763) 548-1436 or through
Iron Range town of Bi- there is a better option to every year, you can make his website at
wabik, is a true four season make it affordable called your condo available to the www.getGR.com.
Donavon DesMarais (multiple) Justin Burke (multiple)
Chris Kornberg (multiple) Brian Watson
CONGRATULATIONS Sheldon Berquist (multiple) Jan Strand
ON YOUR SUCCESSES Frank D’Angelo (multiple) Randy Lee
LISTINGS & CLOSINGS Jodi Vezina (multiple)
"I am personally convinced that one person can be a change catalyst, a
"transformer" in any situation, any organization. Such an individual is
yeast that can leaven an entire loaf. It requires vision, initiative, patience,
respect, persistence, courage, and faith to be a transforming leader."
Stephen R. Covey