Home Selling in Hennepin County : Advice

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Mike Kelcher, Real Estate Pro in Minneapolis, MN
Mike Kelcher answered:
I am currently looking into selling my home. I owe 187,000 on it and the county info I get says it is only worth 161,000. What options do I have?
Frank had this question in 2012. I hope he found his answers by now.
0 votes Share Flag Sun Apr 6, 2014 Home Selling in 55423
John, Home Seller in Robbinsdale, MN
John asked:
Should I continue to finish my upstairs or sell it as a 2 bedroom, one bath that is approx. 1000 sq feet. The house is a 1 1/2 story. The previous owner added 2 large dormers in the front of the house and one large addition in the back on the second floor. It is studed, 6 wires, 4" PVC pipe and 2 copper pipes run for the…
0 votes Share Flag Sun Mar 30, 2014 Home Selling in Robbinsdale
Gina Schedivy, Real Estate Pro in Plymouth, MN
Gina Schedivy answered:
I have a possible contingent offer on a home sale in west metro, and buyer isn't on the market yet - should that scare me? Or is that common?
It sounds like you have a verbal offer at this time. I suggest you keep showing the home until you have a signed purchase agreement. Your listing agent should be able to answer your qu ... more
0 votes Share Flag Wed Feb 26, 2014 Home Selling in Plymouth
Sharon Lee C…, Real Estate Pro in Minneapolis, MN
Sharon Lee Chapelle answered:
Because of the drop in home prices, I will be forced to sell at a lower price than I paid and can't afford an agent.
If anyone has this problem and needs a way to NOT loose thousands of dollars by selling at a lower price or paying expensive realty costs, Please call me. There is an alternative that ... more
0 votes Share Flag Sun Feb 16, 2014 Home Selling in Brooklyn Park
Tom Downing, Real Estate Pro in 55439
Tom Downing answered:
How hard is it to sell your home by yourself in Edina?
As mentioned previously, the legal, marketing and showing requirements listing your own home can be daunting.

While some "For Sale By Owners" are successful, if you look at the st ... more
1 vote Share Flag Tue Feb 11, 2014 Home Selling in Edina
Nicole Johnr…, Real Estate Pro in Minnetonka, MN
Nicole Johnrud - CRS, GRI answered:
If a homeowner has a stucco house built in the 1990s, should they do moisture/mold testing prior to putting the house on the market?
Yes. Your either proving that it was done right or that you're taking care of a problem. Pro-active steps can save you time and money in the end.
0 votes Share Flag Fri Jan 10, 2014 Home Selling in 55391
Joel Johnson, Real Estate Pro in Bloomington, MN
Joel Johnson answered:
The home at 8430 17th Ave. has not been sold and was listed at 174,500 not 191,000. How do we correct this?
What are you trying to correct?
The home is currently active and has been on the market since 10/2/2013. It came on the market at $174,900. And there haven't been any price or status ... more
0 votes Share Flag Sun Dec 15, 2013 Home Selling in Bloomington
Veethim, Home Seller in Cleveland, OH
Veethim answered:
Rent or Sell ?? - Below are the Details
As a local market conditions, I think rent is a better option than a sale. The property is nearer to Birchwood & your loan is $213,000. You should get a net operating income from rent ... more
0 votes Share Flag Thu Dec 12, 2013 Home Selling in Saint Louis Park
Arne  Johans…, Real Estate Pro in 55408
Arne Johansson answered:
What are the costs associated with selling a home besides the realtor commission?
You will probably pay 4-6% for the realtor on the buy and sell side so that is about $9000. Title closing costs will be around $1500. Then just factor in $500 in miscellaneous. So pr ... more
0 votes Share Flag Wed Nov 27, 2013 Home Selling in Minneapolis
Ken Carpenter, Real Estate Pro in Plymouth, MN
Ken Carpenter answered:
i have a land in erwindale ca how can i know the value of each lot
Contact a real estate agent in Erwindale and request a comparative market analysis. Or hire an appraiser.
0 votes Share Flag Wed Nov 27, 2013 Home Selling in Cedar-Isles-Dean
Ken Carpenter, Real Estate Pro in Plymouth, MN
Ken Carpenter answered:
Buyer just signed - Tennant just gave notice to move. Do I disclose?
Always disclose in writing as soon as you know.
0 votes Share Flag Wed Nov 27, 2013 Home Selling in Minneapolis
Ken Carpenter, Real Estate Pro in Plymouth, MN
Ken Carpenter answered:
I closed on my house today. Is there a grace period for the buyer in Minneapolis?
In Minnesota we do not hold escrow after closing like many other states. Unless your contract specified otherwise, you own the home the day of closing.
0 votes Share Flag Wed Nov 27, 2013 Home Selling in 55407
Arne  Johans…, Real Estate Pro in 55408
Arne Johansson answered:
Selling without updating
Update the house. Many buyers have a hard time envisioning updates. And some don't have the patience.
0 votes Share Flag Tue Nov 26, 2013 Home Selling in Minneapolis
Gerri Levent…, Real Estate Pro in Montclair, NJ
Gerri Leventhal answered:
How do I get my name corrected on my property after a divorce in Minneapolis, MN?
You need to correct the deed immediately. When you go to sell the home and the new buyer does a title search all these issues will show up. It will not be very expensive, I would contac ... more
0 votes Share Flag Mon Nov 25, 2013 Home Selling in 55412
Cody Anderson, Real Estate Pro in Minneapolis, MN
Cody Anderson answered:
How do I get my home ready to sell?
Hire a REALTOR®

Studies show that home sellers who use a REALTOR® to represent them generally get a better price than those who sell the home themselves. REALTORS® are up-to ... more
0 votes Share Flag Fri Nov 22, 2013 Home Selling in 55356
Julio, Home Buyer in Shoreview, MN
Julio answered:
What fiduciary responsibilities apply while representing a divorcing couple?
It seems to me the market is slow right now and slowing as we speak, since everybody expects that the Federal Reserve will taper the current 85 billion dollars a month bond purchases t ... more
0 votes Share Flag Sun Aug 4, 2013 Home Selling in Minnetonka
Corey Nicolas…, Real Estate Pro in Minneapolis, MN
Corey Nicolas Collins answered:
What is the best way for a home owner to sell a prime lot in Edina Mn?
James,

The builders should buy but Its most important to put it on the MLS as the price my warrant an independent homeowner as experienced builders are used to getting lots at much l ... more
0 votes Share Flag Mon Jul 29, 2013 Home Selling in Edina
Dean Gupta, Real Estate Pro in Minneapolis, MN
Dean Gupta answered:
Is it worth hanging onto a duplex for a while,even if I have to supplement the rent?
Rents are increasing. Income properties are in good demand. The investors buy such duplex all the time. If you find an investor who is ready to pay 20% down, then their rental income co ... more
0 votes Share Flag Thu Jul 18, 2013 Home Selling in 55407
Cody Anderson, Real Estate Pro in Minneapolis, MN
Cody Anderson answered:
I would like a estimated value on our home at 11014 Stanley Curve in Bloomington, MN 55437. Can I get that?
I assume this sold a long time ago??!!

Thank you,

Cody Anderson, MN Licensed Realtor

RE/MAX RESULTS
Metropolitan Home Team

Phone: 612-242-5752
0 votes Share Flag Tue Jun 18, 2013 Home Selling in 55437
Cody Anderson, Real Estate Pro in Minneapolis, MN
Cody Anderson answered:
I have a large lot in an area of expensive homes.
Did you sell the lot?

Thank you,

Cody Anderson, MN Licensed Realtor

RE/MAX RESULTS
Metropolitan Home Team

Phone: 612-242-5752
0 votes Share Flag Tue Jun 18, 2013 Home Selling in 55437
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