Minneapolis : Questions & Answers

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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
Ryan Moss, Real Estate Pro in Monticello, MN
Ryan Moss answered:
My husband and I are looking for a two bedroom and one bath available now place to live in the minnesota suburbs thats afforadable.
Hello,
I grew up in the Minnesota Suburbs and there are so many great properties available in such amazing neighborhoods. If you would like help in relocating to minnesota and would li ... more
0 votes Share Flag Thu Nov 6, 2014 For Rent in Minneapolis
Ryan Moss, Real Estate Pro in Monticello, MN
Ryan Moss answered:
Hello, I am searching for a town house rental and need assistance to find what I am looking for. Do you have an agent for these type of needs?
What areas are you specifically looking to move to? I should be able to look into properties that would suite your needs but a better understanding on the cities you are thinking of wou ... more
0 votes Share Flag Thu Nov 6, 2014 For Rent 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
Jan Dionne, Renter in 99731
Jan Dionne asked:
How do I change my password?
0 votes Share Flag Sat Oct 25, 2014 For Rent in 55404
Dan Tabit, Real Estate Pro in Sammamish, WA
Dan Tabit answered:
purchaser canceled purchase agreement saying does not have enough funds. then says will borrow 13k repay 20k in 6 months? if i dont repay lean on prop
Saomanao,
What they are talking about is a seller second mortgage. There is a huge risk and you would be in second or third position should they default. Any arrangement like this w ... more
0 votes Share Flag Wed Oct 22, 2014 Home Selling in Minneapolis
Avery Griffin, Real Estate Pro in 55082
Avery Griffin answered:
What are the owner occupants of 33 n upton ave n mpls?
Here is a link to a website that has lots of information regarding statistics in Minneapolis. (http://www.city-data.com/city/Minneapolis-Minnesota.html) If you are looking to buy a home ... more
0 votes Share Flag Wed Oct 22, 2014 General Area in Minneapolis
Elizabeth Si…, Real Estate Pro in Minneapolis, MN
Elizabeth Sibet answered:
Can I get an equity line of credit after a foreclosure 3 years ago? i have a good line of credit.
I would consult a loan officer who can learn your entire situation and advise you accordingly.
0 votes Share Flag Sun Oct 19, 2014 Financing in Minneapolis
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:
My large historic house has been on the market for 10 weeks. Should I take it off the market?
Assuming you are represented by a real estate professional, I would refer to them. He or she should be able to advise you.
0 votes Share Flag Sun Oct 19, 2014 Home Selling in Minneapolis
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