Home Buying in 55901 : Real Estate Advice

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Frank Hough, Real Estate Pro in Rochester, MN
Frank Hough answered:
Is the single family home rental in rochester still a good investment?
Yes, a single family home in Rochester MN should be a great investment. The rental market here is hot and we have seen rents increase by 30% - 40% over the past five years.

Addition ... more
0 votes Share Flag Sat Nov 28, 2015 Home Buying in 55901
Frank Hough, Real Estate Pro in Rochester, MN
Frank Hough answered:
What is the average cost per square foot for new home construction in NW Rochester, MN?
Great question. In the past 12 months the average sold price per finished square feet in Rochester was $159.33. This information came from our local MLS. The cost looks so high becau ... more
0 votes Share Flag Sat Nov 28, 2015 Home Buying in 55901
Ajlmama, Home Buyer in Rochester, MN
Ajlmama answered:
What defines a space as a bedroom in Minnesota?
This website might help:

http://www.ci.minneapolis.mn.us/www/groups/public/@regservices/documents/webcontent/convert_267078.pdf
0 votes Share Flag Fri Aug 21, 2015 Home Buying in 55901
Russ Douville,  in Saint Paul, MN
Russ Douville answered:
Help with home loans
A couple thoughts here. First 610 might be a workable score for a mortgage, but higher is better, and paying off the "one thing" may improve the score and make qualiying easier. The s ... more
0 votes Share Flag Tue Apr 16, 2013 Home Buying in 55901
Sherri Sherpy, Other/Just Looking in Saint Paul, MN
Sherri Sherpy answered:
Does a contingent offer hold any weight these days, or should we sell our home first?
I know it was not part of your question, but just a quick note on financing (it may be worth its weight in gold):

Be sure to close on the sale of your current home before the purchas ... more
0 votes Share Flag Wed Feb 27, 2013 Home Buying in 55901
Connie Pate, Real Estate Pro in Northport, AL
Connie Pate answered:
I would like to know how much counter offer I should give if I am asked for my 'Highest and best offer'
Hello Brook,
This is the proceess that leads to the company or bank making a decision between more than one offer. At times it could mean that they did not recieve the offers they wa ... more
0 votes Share Flag Tue Oct 12, 2010 Home Buying in 55901
Derrick Guev…, Real Estate Pro in Rochester, MN
Derrick Guevremont answered:
Is the single family home rental market in Rochester very healthy?
Interest rates are at record lows and Rochester is still a very affordable market for homes compared to many metropolitan areas. There are good employment opportunities which keep our ... more
0 votes Share Flag Sun Jan 24, 2010 Home Buying in 55901
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