Home Buying in 55401 : Real Estate Advice

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Richard Newm…, Real Estate Pro in Minneapollis, MN
Richard Newman answered:
I'm thinking about buying in a downtown loft area in Minneapolis. Is this market safer than the typical?
Nick. I'm not sure if you mean from a crime standpoint or how the market is performing vs the Twin Cities area in general. From a safety standpoint, The residental neghborhoods in dow ... more
0 votes Share Flag Thu Oct 30, 2014 Home Buying in 55401
Richard Newm…, Real Estate Pro in Minneapollis, MN
Richard Newman answered:
Is it becoming common for a buyer's agent request a percentage from the buyer?
It may be different when client is buying land due to what is normal for seller's commission to buyer's agent - but for residential transactions in Minneapolis that would be very unusua ... more
0 votes Share Flag Thu Oct 30, 2014 Home Buying in 55401
Joel Johnson, Real Estate Pro in Blomington, MN
Joel Johnson answered:
How long is reasonable for a buyer's agreement?
It's possible the agreement is for a year. I would hold him to his verbal agreement with you and ask that he present the original agreement to you for your signature. If that doesn't ... more
0 votes Share Flag Wed Jul 2, 2014 Home Buying in 55401
Arne Johanss…, Real Estate Pro in Minneapolis, MN
Arne Johansson answered:
Hello, I am looking at getting a mortgage on a $525k loan and want to put 10% or do a 80/10/10 loan in MN. My income is $250K and avg credit.
You will be fine. As long as you don't have a ton of other debt.
0 votes Share Flag Fri Nov 29, 2013 Home Buying in 55401
Scott Rheinh…, Real Estate Pro in Minnetonka, MN
Scott Rheinhart answered:
We close in less than 2 weeks. My fiance had to make an emergency trip to home country. We forgot to check with loan officer and now due to
I have had this in the past and the only answer I found was the US Embassy.
0 votes Share Flag Fri Aug 2, 2013 Home Buying in 55401
Shantelle Od…,  in Minneapolis, MN
Shantelle Odegard answered:
What is a "compliance transaction" fee?
Mike was close. It's a fee that is no longer legal, hence it's $0..on your contract. Broker commissions on both sides (seller/buyer) often read as follows now "7% + $49 ... more
0 votes Share Flag Fri Jun 29, 2012 Home Buying in 55401
Brian Miller,  in Minneapolis, MN
Brian Miller answered:
Buying as a Partnership
Crafty_

Independent of being a real estate broker, I think I may be more useful to you from the perspective of being a small business owner in Minneapolis. I also spoke with the per ... more
0 votes Share Flag Fri Jul 3, 2009 Home Buying in 55401
Debt Free Da…,  in 85260
Debt Free Dave answered:
Is it possible to apply for home equity as well as mortgage for the first time home buyer?
You can close on an undrawn heloc. I have done them before.
0 votes Share Flag Wed Aug 13, 2008 Home Buying in 55401
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