Home Buying in Eagan>Question Details

steadgang, Home Buyer in Eagan, MN

Are there any earth bermed homes in the area?

Asked by steadgang, Eagan, MN Mon Feb 18, 2013

Help the community by answering this question:


I know of a nice place in Inver Grove Heights and they are thinking of selling. It is close to Eagan but I have nothing in Eagan right now. Best of luck.
0 votes Thank Flag Link Fri Jan 24, 2014
Are you wanting to buy one or just drive by and look at them? I know of at least one in Burnsville.
0 votes Thank Flag Link Mon Feb 18, 2013
I had thought of building one do to the topography of a certain lot I saw. However, I do not want a har to resell house. Thank you.
Flag Mon Feb 18, 2013
Yes. If you are interested in this subject, I will be glad to provide you with information. I researched this thoroughly and when I had my own lending brokerage, I financed some of these homes. Please, feel free to call me at 612-986-4105
0 votes Thank Flag Link Mon Feb 18, 2013
Are you paying cash? Problem #1 most lenders can’t lend on a niche property like a berm home. There may be exceptions if there are enough comparable sales of similar properties in a 90 day to 6 month period located within walking distance of the subject.

Problem #2, what is your exit strategy? The reason for Problem #1 is the limited market, most people do not want to live underground.

Good luck,

Jim Simms
NMLS # 6395
Financing Kentucky One Home at a Time
Web Reference: http://jamessimms.com/
0 votes Thank Flag Link Mon Feb 18, 2013
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