55901 : Questions & Answers

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Frank Hough, Real Estate Pro in Rochester, MN
Frank Hough answered:
In this market - how long is reasonable to have our house listed?
Great question. Many others have explained that it depends on your level of motiviation, i.e. how quickly do you need to sell and therefore how aggressively you price your house. I wi ... more
0 votes Share Flag Sat Nov 28, 2015 Home Selling in 55901
Frank Hough, Real Estate Pro in Rochester, MN
Frank Hough answered:
Is the single family home rental in rochester still a good investment?
Yes, a single family home in Rochester MN should be a great investment. The rental market here is hot and we have seen rents increase by 30% - 40% over the past five years.

Addition ... more
0 votes Share Flag Sat Nov 28, 2015 Home Buying in 55901
Frank Hough, Real Estate Pro in Rochester, MN
Frank Hough answered:
What is the average cost per square foot for new home construction in NW Rochester, MN?
Great question. In the past 12 months the average sold price per finished square feet in Rochester was $159.33. This information came from our local MLS. The cost looks so high becau ... more
0 votes Share Flag Sat Nov 28, 2015 Home Buying in 55901
Josh Lund, Real Estate Pro in Minneapolis, MN
Josh Lund answered:
Just retired after 35 years of employment due to benefit changes and I am 60 yrs old. Can I refinance mortgage? Am looking for job.?
Hello mt4,
Good afternoon.

Yes you can. We would like to see if we can earn your trust and business. Let's see if we can help you out. . I will try and make this a very easy proc ... more
0 votes Share Flag Wed Sep 9, 2015 Financing in 55901
Ajlmama, Home Buyer in Rochester, MN
Ajlmama answered:
What defines a space as a bedroom in Minnesota?
This website might help:

http://www.ci.minneapolis.mn.us/www/groups/public/@regservices/documents/webcontent/convert_267078.pdf
0 votes Share Flag Fri Aug 21, 2015 Home Buying in 55901
Team Niichel, Real Estate Pro in Rochester, MN
Team Niichel answered:
Baby proofing and house showings?
I would leave the safety measures 'as is'. Reason being, if you remove baby gates, for example, you are either going to have to patch the holes or explain them, and neither option soun ... more
0 votes Share Flag Fri Apr 25, 2014 Home Selling in 55901
darcy_ann8, Home Seller in Rochester, MN
darcy_ann8 answered:
Should I continue doing open houses?
I say, if you have the time, yes. We weren't even planning to move into a different home but went to an open house, just for something to do on a rainy day... get decorating ideas. We ... more
0 votes Share Flag Sun Jul 7, 2013 Home Selling in 55901
Russ Douville,  in Saint Paul, MN
Russ Douville answered:
Help with home loans
A couple thoughts here. First 610 might be a workable score for a mortgage, but higher is better, and paying off the "one thing" may improve the score and make qualiying easier. The s ... more
0 votes Share Flag Tue Apr 16, 2013 Home Buying in 55901
tiambianders…, Renter in Rochester, MN
tiambianderson asked:
I want to know if your real estate company works with people that have Choice Vouchers? If not do you know of any management company that do? Hello my name is Tiambi Anderson I will be moving to Rochester in June of this year. I will be visiting next week I wanted to come in and speak with someone about your properties. Thank…
0 votes Share Flag Sat Mar 9, 2013 Rentals in 55901
Sherri Sherpy, Other/Just Looking in Saint Paul, MN
Sherri Sherpy answered:
Does a contingent offer hold any weight these days, or should we sell our home first?
I know it was not part of your question, but just a quick note on financing (it may be worth its weight in gold):

Be sure to close on the sale of your current home before the purchas ... more
0 votes Share Flag Wed Feb 27, 2013 Home Buying in 55901
Terry Johnson,  in Rochester, MN
Terry Johnson answered:
buying vs renting? I can afford to buy, but will likely not stay in the area >3 yrs
Hi Victoria, the answer to that question is quite complex. First it makes a difference on where you want to buy. Rochester MN for example has had a very good real estate market this y ... more
0 votes Share Flag Sun Dec 30, 2012 Rent vs Buy in 55901
Connie Pate, Real Estate Pro in Northport, AL
Connie Pate answered:
I would like to know how much counter offer I should give if I am asked for my 'Highest and best offer'
Hello Brook,
This is the proceess that leads to the company or bank making a decision between more than one offer. At times it could mean that they did not recieve the offers they wa ... more
0 votes Share Flag Tue Oct 12, 2010 Home Buying in 55901
Debra (Debbi…, Real Estate Pro in Livingston, NJ
Debra (Debbie) Rose answered:
Is VIP status worth the effort?
pacita - It seems as those the filter can be rather finnicky when it comes to allowing a response to be posted,

I once tried over and over again, but it kept telling me my post wasn& ... more
0 votes Share Flag Wed Jul 21, 2010 Agent2Agent in 55901
Derrick Guev…, Real Estate Pro in Rochester, MN
Derrick Guevremont answered:
Is the single family home rental market in Rochester very healthy?
Interest rates are at record lows and Rochester is still a very affordable market for homes compared to many metropolitan areas. There are good employment opportunities which keep our ... more
0 votes Share Flag Sun Jan 24, 2010 Home Buying in 55901
Rick Meyer, Real Estate Pro in Colts Neck, NJ
Rick Meyer answered:
List in comp range or allow for wiggle room?
Hi Cara,
There are different philosophies on pricing, especially in this Market !
Some say be the lowest price against your competion, but I relate Home pricing to another "Big Ticket ... more
2 votes Share Flag Mon Feb 9, 2009 Home Selling in 55901
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