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<br />City of Elk River <br />1104 Lions Park Drive <br />Elk River, MN 55330 <br /> <br />~ <br />P01JlTell <br />~ <br /> <br />December 7, 2006 <br /> <br />To the City of Elk River; <br /> <br />Thank you for considering Powell Realty for the marketing of your property at 1217 5th Street in <br />Elk River. Our brokerage opened in January of 2003 and we currently have 11 active Real <br />Estate agents It is owned by Reg Powell and his two sons, Tony and Andy. We are located at <br />510 Freeport Avenue in Elk River. <br /> <br />We provide each of our clients with our industry leading marketing plan. This includes exposure <br />in the local and national Multiple Listing Service (MLS). as well as local and state wide print ads. <br />We also ensure a strong internet presence which includes Realtor.com, International Relocation <br />Services, and our own website at PoweIlRealtyMN.com. <br /> <br />Our proposal for the sale of your property is as follows: <br /> <br />List Price <br />Commission <br /> <br />$159,900.00 <br />5.4% or <br />4.0% if Powell Realty agent brings in buyer <br />"'As Is" Sale <br />see items listed below to be in "'excellent condition" <br /> <br />Condition <br /> <br />Exterior Reoairs: <br />1. Soffit and fascia need paint or replacement. <br />2. Driveway is in very poor shape. <br /> <br />Interior ReDairs: <br />1. Walls in need of paint and repair <br />2. Flooring needs to be replaced <br />3. Window AlC unit needs to be replaced <br />4. Furnace venting is exposed through living room and may be a code issue. <br />Minimally, this should be boxed in. <br />5. Windows are in poor condition (original to home) and will soon need replacing. <br /> <br />There are investors and buyers looking for this type of property. However, in order for it to sell, <br />it must be priced right for today's market. We feel that given the market conditions and the <br />condition of the home, we are providing you with an accurate assessment of your property's <br />value. . <br /> <br />Thank you. <br /> <br />Reg Powell <br />Broker I Owner <br />