Home Buying in Minnesota : Real Estate Advice

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Chad Kenning, Real Estate Pro in Blaine, MN
Chad Kenning answered:
buying a foreclosures with renters in it
I have sold bank owned homes for several banks for about six years now. It is common to have a home that is owned by the bank and to have people living there. The process that I would ... more
0 votes Share Flag Wed Apr 17, 2013 Home Buying in 56001
Dean Gupta C…, Real Estate Pro in Minneapolis, MN
Dean Gupta CRS answered:
Can the FHA Loan (have pre-approved letter up to 200k Loan) buy the 3-unit or 4-Unit home (the one sale price from 200K and less, ofcourse) ?
Yes there few things can be in your favor. First live in the building yourself--so it is owner occupied. 2) then if you can show the Rental leases from 2 or three unit, then 60-70% o ... more
0 votes Share Flag Thu Apr 18, 2013 Home Buying in Minneapolis
Elizabeth Fu…, Real Estate Pro in Wayzata, MN
Elizabeth Fuller answered:
First time home buyer - purchasing from Mother - positive equity loan - zero downpayment.
You can do this in a number of ways, Your mother can give you a gift letter. This would acknowledge her help to you and the credit she will give you. California is an escrow closing s ... more
0 votes Share Flag Mon Apr 15, 2013 Home Buying in 56560
Chad Kenning, Real Estate Pro in Blaine, MN
Chad Kenning answered:
On Deed but not mortgage, home in foreclosure. Can I buy a house?
I believe this can be done but you have to approach this carefully with regards to the mortgage. I have known of people in the same circumstances. I would be happy to talk to you abou ... more
0 votes Share Flag Wed Sep 25, 2013 Home Buying in 55379
Chase Lenz, Real Estate Pro in Minneapolis, MN
Chase Lenz answered:
6645 Upper 28th st. In Oakdale
These are questions that your agent should be happy to answer for you.
Are you currently working with an agent?
If not, call or email me privately and I will provide you with an analy ... more
0 votes Share Flag Tue Apr 9, 2013 Home Buying in Oakdale
Donald James, Real Estate Pro in Edina, MN
Donald James answered:
Have any homes w/o basement sold in Heim's Westwood area of SW PI sold in past two years? If not, what did any w/ basement go for?
Your professional Realtor is the right person to answer these questions. The house you are asking about is a raised ranch where the lower level is part of the living space.
0 votes Share Flag Mon Apr 8, 2013 Home Buying in Pine Island
Donald James, Real Estate Pro in Edina, MN
Donald James answered:
Do New Construction Builders typically pay or help with paying closing costs?
I am puzzled why your Realtor or one of their associates cannot answer your questions. Call your Realtor's office and speak with the broker. They should have answers for you. You sho ... more
0 votes Share Flag Mon Apr 8, 2013 Home Buying in Shakopee
Kevin Marois, Real Estate Pro in Forest Lake, MN
Kevin Marois answered:
Floor plan for 15143 French drive n, Hugo,mn
This is an end unit townhome split level. 1/2 flight of stairs up in the Kitchen/Living/Dining plus a full master bedroom. Downstairs is a family room and another bedroom.
0 votes Share Flag Mon Apr 8, 2013 Home Buying in Hugo
Tim Moore, Real Estate Pro in Kitty Hawk, NC
Tim Moore answered:
How do I find the name of the builder of my home?
Start by checking the local building dept for permit applications.
0 votes Share Flag Mon Apr 8, 2013 Home Buying in Hugo
Susan Hoffla…, Real Estate Pro in Shoreview, MN
Susan Hofflander answered:
I need Agents input on this, please help. If you were to open up your own Mortgage Company, what is the one thing you would change or do differently?
Wow, Jerry, great question!!!

I have found many more viable lenders now than I have in the almost 20 years I've been in the business.

Here are my suggestions:
1. Don't assume t ... more
0 votes Share Flag Wed Apr 10, 2013 Home Buying in Minnesota
Alison Hillm…, Other/Just Looking in San Francisco, CA
Alison Hillman answered:
I need a 4 bdr home in Minnetonka (Groveland School District) for my clients to buy, does anyone have a home that they are planning on selling soon?
Hi there-

Take a look at the latest here: http://www.trulia.com/MN/Minnetonka/

Ali, Community Manager
0 votes Share Flag Wed Aug 5, 2015 Home Buying in Minnetonka
Ben Johnson, Real Estate Pro in Minneapolis, MN
Ben Johnson answered:
Can anyone recommend a solid appraiser or appraisal company in 55412?
Dustin Hawkins is great, 612-309-5662.
0 votes Share Flag Mon Apr 8, 2013 Home Buying in 55412
Don Tepper, Real Estate Pro in Burke, VA
Don Tepper answered:
Seller has a mortgage so can't do a CFD. Seller is offering a lease. I'd like to "rent to own" this property. How can I?
Easy.

Any good real estate lawyer can do the paperwork. There are two documents--a pretty standard lease and a customized option. Each one is different, but generally the option spec ... more
0 votes Share Flag Mon Apr 15, 2013 Home Buying in Minneapolis
Donald James, Real Estate Pro in Edina, MN
Donald James answered:
FHA ReFINANCE best place to go for refinance?
What a great time to refi! Shop around there are some great deals out there. You may consider converting to a conventional loan with prepaid MI. It could save you money!
0 votes Share Flag Tue Apr 16, 2013 Home Buying in 55044
Christopher…, Real Estate Pro in Bloomington, MN
Christopher Block answered:
My Ex needs to buy a house and has a credit score of only 570. Can anyone help or advise as to whom I may contact?
Hey!

I am still trying to get my loan officer Lisa on here, but give her a call 612-990-2271 or just contact me directly and we can talk more about advice!

Basically, I have y ... more
0 votes Share Flag Wed Apr 10, 2013 Home Buying in 55119
Christopher…, Real Estate Pro in Bloomington, MN
Christopher Block answered:
How long is reasonable for a buyer's agreement?
Ok TAKE A DEEP BREATH IT WILL BE OK! Hahaha

It is quite possible the agreement could have been for a year. I know some agents that will do standard 3 or 6 month agreements. Some like ... more
0 votes Share Flag Wed Jul 2, 2014 Home Buying in 55401
Christopher…, Real Estate Pro in Bloomington, MN
Christopher Block answered:
How do I know when a house for sale for both sides of a duplex home?
Don't look at Twin Homes, which are just 1 side of a duplex. It sounds like you are searching for side x side duplexes. As long as you set up the search correctly those are the only one ... more
0 votes Share Flag Mon Apr 8, 2013 Home Buying in Brooklyn Park
Christopher…, Real Estate Pro in Bloomington, MN
Christopher Block answered:
How can you find out if there are any open or closed permits for White Bear Lake, MN?
Is there a specific property or lot in mind? I live right next to it and work in the White Bear Lake area. Just call or email me and I will find out for you, or at least point you in th ... more
0 votes Share Flag Sat Nov 2, 2013 Home Buying in White Bear Lake
Donald James, Real Estate Pro in Edina, MN
Donald James answered:
Need advise on how to proceeded further/negotiate on redflags on the the Builders purchase agreement
Good questions. I am assuming your have your own buy-side Realtor. Your professional Realtor should lead you through contracts line-by-line.
0 votes Share Flag Mon Apr 8, 2013 Home Buying in Minneapolis
Tami Gunn, Real Estate Pro in Rochester, MN
Tami Gunn answered:
Is this a safe neighbourhood? Do new families move in here?
I live in this neighborhood and my family and I feel safe here. We are conveniently located to downtown, parks and Mayo Clinic. There is a great mix of young and old! A really good i ... more
0 votes Share Flag Sat Jun 22, 2013 Home Buying in East Side Pioneers
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