55433 : Advice

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Donald James, Real Estate Pro in Edina, MN
Donald James answered:
the home i want to but is a fannie mae, the mls report say they only accept cash / rehab loans. i have a conventional loan. where do i go from here?
Talk to your professional Realtor and / or mortgage professional. With rehab loans it is very important to deal with professionals who have done many of these. Call me if you have any ... more
0 votes Share Flag Thu Jul 16, 2015 Financing in 55407
Josh Lund, Real Estate Pro in Minneapolis, MN
Josh Lund answered:
Looking for home to rent in Edina June 1, 2013
Hello Aspizale,
Good morning.
Are you still renting? Are you in the market to buy a home? If so, I would love to see if we can help you out. We work with 1st time home buyers all th ... more
0 votes Share Flag Thu Jul 9, 2015 Rentals in Minneapolis
Chase Lenz, Real Estate Pro in Minneapolis, MN
Chase Lenz answered:
looking for a hard money lender: 36 month term, residential owner occupied. Any recommendations would be helpful.?
Pine financial group is a hard money lender around here.
0 votes Share Flag Tue Feb 24, 2015 Home Buying in Minneapolis
Mark Claesse…, Real Estate Pro in Coon Rapids, MN
Mark Claessens, e-Pro, NHSS answered:
I am looking for a safe home to rent with a fenced in back yard for my boxer/beagle mix for less than $1000 per month in the general St Paul/MPLS area
Hi there, Taylor.....

I just ran a complete report on the entire MLS for Minneapolis and St. Paul and I am sorry to report that there are zero under $1000, zero under $1100, and I di ... more
0 votes Share Flag Mon Mar 25, 2013 Rentals in Minneapolis
Lisa Handley, Real Estate Pro in Eagan, MN
Lisa Handley answered:
LOOKING FOR A 2BD FOR ME AND MY 2 KIDS FOR NO MORE THAN $750/MONTH PREFERABLY S.MPLS,MN ! CAN ANYONE HELP ???
Samantha,

Are you looking at renting or buying? Give me a call 612-390-6520 and I would love to see if I can help you out.

Lisa Handley
ReMax Advantage Plus
0 votes Share Flag Wed Feb 27, 2013 Rentals in Minneapolis
Bill Wallace, Real Estate Pro in Spring Park, MN
Bill Wallace answered:
I am looking for a temporary (2-3) month furnished apartment starting approx mar 4. south metro preferred. Can you recommend anything?
Try going to www.hotpads.com and use the advanced tab to only select the option for rental types of "corporate housing". When I did that it does bring up a few options to choose from ( ... more
0 votes Share Flag Sat Feb 23, 2013 Rental Basics in 55423
Ron Jensrud, Real Estate Pro in 55305
Ron Jensrud answered:
When is the best time to do a pre-qual on an FHA loan?
It's best to speak with a lender about that. I wouldn't consider an FHA loan at the moment. Too Expensive. Look for a Conventional with minimum down.
0 votes Share Flag Thu Apr 11, 2013 Home Buying in Minneapolis
Chris Block, Real Estate Pro in Saint Paul, MN
Chris Block answered:
Has anyone had any experience with TCF bank trying to cancel a contract because the buyers lender can't hit the closing date?
My best guess is that you don't have many options available. Before seeking legal representation you need to see what exactly your buyers signed (my guess the bank had a bunch of addend ... more
0 votes Share Flag Wed Jun 17, 2015 Home Buying in Minneapolis
Matt Christe…, Real Estate Pro in Prior Lake, MN
Matt Christensen answered:
I am planning to buy a new house. I am not sure whether I should enlist a real estate agent . Any advise/suggestions ?
Anish,

I always recommend that a buyer have representation from an agent. Realtors work with negotiations all the time and know what is reasonable, what areas you can negotiate for ... more
0 votes Share Flag Mon Jan 27, 2014 Home Buying in Minneapolis
Matt Christe…, Real Estate Pro in Prior Lake, MN
Matt Christensen answered:
Meaning of "lender must determine the likelihood of renewal, based on information from the BCIS"?
Abhifyan,

I have not dealt with this specific situation before. I will foward your question to an underwriter and post back here when I get an answer.

-Matt Christensen
0 votes Share Flag Mon Feb 25, 2013 Home Buying in Minneapolis
Scott Graham, Real Estate Pro in Minneapolis, MN
Scott Graham answered:
Is there any way I can get help finding a rental that accepts section 8.?
look at www.homelink.com it is where most Sec 8 rentals are listed
0 votes Share Flag Tue Feb 19, 2013 For Rent in 55404
Chris Block, Real Estate Pro in Saint Paul, MN
Chris Block answered:
Why is the sweat equity of diy flippers not recognized by appraisors?
It is recognized by appraisers. I have a client doing it right now and work in your world Chad as a realtor. The appraiser ultimately is looking at the comps in the neighborhood that ha ... more
0 votes Share Flag Fri Feb 15, 2013 Home Selling in 55408
Stephanie Fox, Real Estate Pro in Minneapolis, MN
Stephanie Fox answered:
Is the current building of new houses expected to continue through the next year?
I think you might see an increase in new home construction as we move into warmer weather. Home prices are rising and the inventory of homes on the market is smaller than it has been fo ... more
0 votes Share Flag Thu Feb 21, 2013 Home Buying in 55446
Ron Thomas, Real Estate Pro in Fresno, CA
Ron Thomas answered:
Can a seller withdraw an approved counter offer?
This is rather silly;
If the process have progressed to the CONTRACT stage, (what you describe), you are UNDER CONTRACT!
If it hasn't; you are not under CONTRACT.
0 votes Share Flag Thu Dec 5, 2013 Home Buying in Minneapolis
Chase Lenz, Real Estate Pro in Minneapolis, MN
Chase Lenz answered:
land costs at orchard trail
That property has been sold.
Email or call with more specific questions or any other properties you would like info. on.

Chase
612-819-4474
chase@sp-realestate.com
0 votes Share Flag Sat Feb 9, 2013 Market Conditions in Minneapolis
Peter Mohyls…, Real Estate Pro in Sandestin, FL
Peter Mohylsky answered:
What happens when I sell my house to an investor and I can afford the mortgage balance?
Nothing, If I assume you are asking what happens when you sell a home for less than the mortgage. You will be expected to bring money to the closing to satisfy the bank unless you have ... more
0 votes Share Flag Sat Feb 9, 2013 Home Selling in 55448
Josh Barnett, Real Estate Pro in Oklahoma City, OK
Josh Barnett answered:
Could an investor be scamming me on the sale of my home?
You have to trust your gut and speak with a local attorney.
0 votes Share Flag Thu Feb 21, 2013 Home Selling in 55448
Ryan Bretzel, Real Estate Pro in Lake Elmo, MN
Ryan Bretzel answered:
looking for single family home in wayzata school district price in around 450K
I just looked and there are 59 single family homes in the Wayzata School District under $450k. What you really need to figure out is what is important to you and your life style. Ther ... more
0 votes Share Flag Mon Jan 28, 2013 Home Buying in Minneapolis
abcd, Real Estate Pro in Los Angeles, CA
abcd answered:
I SEE A PROPERTY I LIKE IT SAY THE SHORT SALE PERIOD ENDS IN ABOUT A MONTH. IS THIS A GOOD TIME TO MAKE A OFFER LOWER THAN THE ASKING PRICE?
Seller's asking price is not the actual selling price until the lender approved the price that the seller asked. You have to know that the real seller of the short sale property is not ... more
0 votes Share Flag Thu Feb 7, 2013 Home Buying in Minneapolis
Alicia Garat…, Real Estate Pro in Minneapolis, MN
Alicia Garatoni answered:
Anyone know what the typical discount is on bank owned real estate in Minneapolis?
Hi Phenom --

According to the National Association of Realtors (NAR), lender owned properties sell at a 20% discount and short sales (where the seller owes more than the current mar ... more
0 votes Share Flag Sun Dec 15, 2013 Home Buying in Minneapolis
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