If you have 10% down of the sale price you are seeking goto http://www.mnhomescontractfordeed.com
You can buy a condo or town homes with bad credit but you will need 10% down or more to buy the house.... more
The renter's lease stays on the property... so the renter will have the right to stay until the end of the lease. Since you are doing an as-is you've really got little recourse if something is wrong... you could potentially go after the renter if they caused damage but you'd have to be able to document that.
Also, you should have asked for the damage deposit from the renter since you will be responsible for returning that (plus interest) at the end of the lease.
I am not an attorney... please seek an attorney's advice regarding any legal quesitons.... more
I would have to say I am more partial to Cobblestone Lake in Apple Valley. The amenities that are currently right next door, Super Target, and the ones that are planned, make it a fantastic community. I like the structure of the community and historic look of the homes. Plenty of variety too, depending on your price range. I live not too far and would be happy to answer any questions you have about Apple Valley.
By the way, Apple Valley schools continually rank high in the state and it is pretty easy to get around. They are also in the process of finishing a huge sports complex (baseball) just west of Cobblestone Lake, not too mention the future connection of Cobblestone with Brandjten Farms via walking paths etc. One pro I like about living south of the river, instead of in Woodbury, is the proximity to I-35, and ease of getting to either Saint Paul, Minneapolis. Hope this helps!... more
Unfortunately, the scope of this question is beyond what is reasonable to discuss in a Trulia question.
The correct answer to your question is: it depends on what was agreed to in your current contract for deed. The only real way for myself or another agent on Trulia to answer would be to have you post all of the intimate details of your contract online for the world to read.
My best advice would be to take the contract to a local attorney who specializes in C4D's (or at least has done a couple in the last couple of months) and have him/her review it for you. It may cost a few bucks, but what you are proposing could have far reaching financial consequences so it makes sense to have a pro review it for you.
Coldwell Banker Burnet
licensed MN Broker
A home is worth what the Buyer is willing to pay! That being said, you need to see the comparables of the active, pending & sold homes in the same area to make an informed decision about what to offer. Sometimes a property is listed above market value & sometimes below. Once you see the comparables, you will know what the right answer is.
Best of luck!... more
Neighborhoods are more than just buildings. A good way to find out what is going on and what people like or are concerned about in areas may include aging homes, maintenance, demographic changes such as an aging population, homes ready to turn over due to economic climate, etc. A great source of information is public data such as that obtainable at the city and county planners offices, the Metro Council and the local police departments' public service department. DO your research, ask people who live in the area, check the local schools, the churches and community service organizations. These services tell a story you can read and discern which areas suit your needs best. By the way, fo you have a real estate agent? A big part of our jobs is to pull together this kind of information for those who want to use our services to buy or sell or both. Remember, an agent costs you nothing, gives you access to every bit of information available about homes and communities, and save your time and money. Liz, 612-986-4105... more
Natalie, ask your Mortgage consultant for an estimate time to close. Part of your answer is in that answer.
Is your offer cash? You might be able to do it.
Is your offer subject to inspection?
FHA or Conventional Mortgage?
Does the Seller has a Short Sale approval , yes or no?... more
As with any other negotiation, how much is the house worth? And how much is it worth to you?
Further, how do you know what the other offer is? Could be the other offer was "full price" at $99,900. Or somewhat higher, but not $110,000. Be careful you're not negotiating against yourself: Your competitor bid $99,900, you bid $110,000, and now you're raising your bid.
So, figure out what you're really willing to pay. Make sure you know what the house is worth. Then submit a bid at the lower of those two amounts.
Hope that helps.... more
I would surely recommend it! If you don't, you have no representaion or anyone who is looking after your interest. The builder may have one looking after his and even if he does not, I would not enter into any disscussion with a builder without representation.
Just a side note, I say that having represented a builder for over 4 years....
If you'd like more info, I'd be happy to help and represent you, if you'd like! I know the area well, as I lived in Woodbury for 22 years! All my contact info is on my website. www.toddnorsted.com
Thanks, Todd... more
Is your property currently for sale? Who is the listing agent? How did they submit the data to Trulia?
Trulia receives data feeds from mulitple sources. Trulia will most likely respond here w/ addtional questions so corrections can be made. However, whatever source fed Trulia incorrect data may also be feeding incorrect data to other sources. Therefore, you might want to discuss this w/ your listing agent and get corrections made at the source. It may not be your listing agent's fault, but he/she will be able to indentify how that data reached Trulia and take action accordingly.... more