Home Buying in Minneapolis : Advice

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Brandon LaTo…, Real Estate Pro in Minneapolis, MN
Brandon LaTourelle answered:
FHA wants to see my last 2 months bank statements. What exactly are they looking for??
The lender needs to verify any large deposits to ensue that you aren't borrowing the down payment funds as well as document the income that may be needed at closing.
0 votes Share Flag Mon Nov 17, 2014 Home Buying in 55413
Cody Anderson, Real Estate Pro in Minneapolis, MN
Cody Anderson answered:
Whats the best way to find an agent?
Meet/interview with 3 agents and pick the one that you like. It's okay to work with someone you like! So many people feel the need to work with the friend of a friend.....but at the end ... more
0 votes Share Flag Mon Nov 10, 2014 Home Buying in 55406
Cody Anderson, Real Estate Pro in Minneapolis, MN
Cody Anderson answered:
I am confused by this area with over half the houses in my search in Foreclosure and prices as low as $25,000. What is the story of this area?
Since there are no houses selling anywhere near $25,000 I would ask you....what are you talking about Willis? Half of the homes you are viewing on Trulia or Zillow are not even for sale ... more
0 votes Share Flag Mon Nov 10, 2014 Home Buying in 55406
Cody Anderson, Real Estate Pro in Minneapolis, MN
Cody Anderson answered:
How would I do a search for a commercial property with living quarters?
Tell me what you are actually looking for and I can tell you if it exists.

Thank you,

Cody Anderson, MN Licensed Real Estate Broker

RE/MAX RESULTS

Cell: 612-242-5752
0 votes Share Flag Mon Nov 10, 2014 Home Buying in 55406
Cody Anderson, Real Estate Pro in Minneapolis, MN
Cody Anderson answered:
Hi, What are good areas in Minneapolis to buy rental properties. I am looking to spend between $20k-$200k. I would like something with low crime.
All bank owned or HUD owned properties are listed for sale on the real estate market in Minnesota. No need to pay for a search or use anyone other than a licensed real estate profession ... more
0 votes Share Flag Mon Nov 10, 2014 Home Buying in Minneapolis
Cody Anderson, Real Estate Pro in Minneapolis, MN
Cody Anderson answered:
In Minneapolis, MN which of these 3 areas would be the best ROI for buying a duplex for rental income: Linden Hills, Lynnhurst or King Field
Short answer: Which ever one you get the best buy on.

Long answer would best be done over the phone or in person :)

My vote is Linden Hills.

I would be happy to meet you at on ... more
0 votes Share Flag Mon Nov 10, 2014 Home Buying in Minneapolis
Ryan Moss, Real Estate Pro in Monticello, MN
Ryan Moss answered:
What is a good real estate school in the Minneapolis,MN metro area?
I liked taking my classes online with continuing ed express. That way I was able to do it on my own time.
0 votes Share Flag Thu Nov 6, 2014 Home Buying in Minneapolis
Richard Newm…, Real Estate Pro in 55401
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 55401
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
Elizabeth Si…, Real Estate Pro in Minneapolis, MN
Elizabeth Sibet answered:
Can a seller exclude a particular lender?
Yes. Lenders are not included as a protected class.
0 votes Share Flag Sun Oct 19, 2014 Home Buying in Minneapolis
Elizabeth Si…, Real Estate Pro in Minneapolis, MN
Elizabeth Sibet answered:
At what point is a short sale offer suppose to change to "pending"?
Probably nothing fishy.

Short sale properties often stay "active" (contingent on third party approval) until third party approval at which time the property status would change to p ... more
0 votes Share Flag Sun Oct 19, 2014 Home Buying in Minneapolis
Elizabeth Si…, Real Estate Pro in Minneapolis, MN
Elizabeth Sibet answered:
Moving to MN -looking to buy a house
You will want to consult a lender to get approved for a mortgage if you will going that route. Please let me know if you need any assistance.
0 votes Share Flag Sun Oct 19, 2014 Home Buying in Minneapolis
Elizabeth Si…, Real Estate Pro in Minneapolis, MN
Elizabeth Sibet answered:
50% down payment for a mortgage?
If you need a recommendation for a loan officer locally, let me know.
0 votes Share Flag Sun Oct 19, 2014 Home Buying in Minneapolis
Elizabeth Si…, Real Estate Pro in Minneapolis, MN
Elizabeth Sibet answered:
what is my school district?
More specific info needed to determine exactly where your home lands inside the district boundaries.
0 votes Share Flag Sun Oct 19, 2014 Home Buying in 55417
Elizabeth Si…, Real Estate Pro in Minneapolis, MN
Elizabeth Sibet answered:
Can anyone tell me what the housing market trend is for next year, 2015?
Hard to predict exactly what is to come, like any other market. Depends on which area you are interested in.
0 votes Share Flag Sun Oct 19, 2014 Home Buying in Minneapolis
Zeda Jackson, Home Buyer in Fullerton, CA
Zeda Jackson answered:
We purchased a home in winter and now that it's spring we are left with a lot of garbage and scrap metal. Can we charge seller for clean up?
I have a lot of scrap metal that I need to get rid of. Can anyone tell me where you take scrap metal to be thrown away? I don't want to throw them away in a regular garbage can because ... more
0 votes Share Flag Fri Oct 17, 2014 Home Buying in Minneapolis
Cody Anderson, Real Estate Pro in Minneapolis, MN
Cody Anderson answered:
can i get a loan with low income?
Check with my loan officer and get it from the horses mouth! haha

Here is some contact info for who I recommend:

Bill Boldenow | Sr. Mortgage Consultant

NMLS 31974

Gradien ... more
0 votes Share Flag Wed Oct 1, 2014 Home Buying in 55403
Cody Anderson, Real Estate Pro in Minneapolis, MN
Cody Anderson answered:
Is it ok to buy land as investment in High crime area because of cheap price ?
Bala,

There are several area's in Minneapolis that are turning around as we speak. A lot there is selling for 40k now and 6 blocks away in a "better neighborhood" the same lot is sel ... more
0 votes Share Flag Wed Oct 1, 2014 Investment Properties in Minneapolis
Jerry Sather, Real Estate Pro in Minneapolis, MN
Jerry Sather answered:
Foreign national loan, for condo purchase in minneapolis
Hi Bethany,

I hope you have already found your solution to this quest. If not let me know and I can help guide the process along to close.

There are several factors that come int ... more
0 votes Share Flag Mon Aug 25, 2014 Home Buying in Minneapolis
Angela Eatmon, Real Estate Pro in 55417
Angela Eatmon answered:
Is a $3000 sod allowance on a new home too much?
I would recommend a general allowance that could be put toward sod, appliances, etc. and let the buyer spend how they wish. Feel free to contact me via my Trulia profile, I would love t ... more
0 votes Share Flag Thu Aug 21, 2014 Home Buying in Minneapolis
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