56003 : Questions & Answers

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Chad Kenning, Real Estate Pro in ,
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
Donald James, Real Estate Pro in Edina, MN
Donald James answered:
How long does it normally take for a contingent offer to be accepted or declined before a back up offer will be looked at?
Hi Ann,
We see very few contingent offers on regular PA's these days so I am assuming you are asking about a bank-owned property. I tell my clients to be ready to wait 90 to 120 days ... more
0 votes Share Flag Mon Apr 8, 2013 Home Buying in Mankato
Elizabeth Fu…, Real Estate Pro in Wayzata, MN
Elizabeth Fuller answered:
How does one find a lot/acreage to build a nontraditional home on? Monolithic dome, specifically?
Monolithic dome homes are style and brand made of specific building materials. They can be built anywhere the building codes of the area or municipality allow. I have sold and finance ... more
0 votes Share Flag Thu Jan 17, 2013 Home Buying in Mankato
Debra (Debbi…, Real Estate Pro in Livingston, NJ
Debra (Debbie) Rose answered:
Is a cosigner something that is always necessary for a home loan? Thanks!
I think it would benefit you to sit down with a mortgage rep and have a discussion - they will fill you in on the process and qualifications needed to obtain your own mortgage - they w ... more
0 votes Share Flag Thu Jun 6, 2013 Home Buying in Mankato
Tina Lam, Real Estate Pro in San Jose, CA
Tina Lam answered:
What is the first step in home-buying? Should I work with a bank first or a realtor first?
You should definitely work with a mortgage loan officer first and/or check with your banker on available savings. Once you know what you can afford, then it makes sense to speak with a ... more
0 votes Share Flag Tue Apr 16, 2013 Home Buying in Mankato
Tim Moore, Real Estate Pro in Kitty Hawk, NC
Tim Moore answered:
How do we take undisclosed damaged home that we purchased to a national news level?
There must be starving lawyers out there you can find. Keep looking.
0 votes Share Flag Wed Jul 1, 2015 Home Buying in 56003
Jennifer Kir…, Real Estate Pro in Minneapolis, MN
Jennifer Kirby answered:
Undisclosed water damage in our basement is surfacing! Can we get out of the sale, even though we closed a month ago??
Your best bet is to speak with a lawyer and go from there. Who knows, maybe the basement never leaked while the owners lived there. The Seller's Disclosure only discloses what the ... more
0 votes Share Flag Mon Nov 17, 2014 Home Buying in 56003
Melina Piroso, Home Buyer in Mankato, MN
Melina Piroso answered:
Is it better to buy a smaller, older home, but in prime location- West Mankato, or buy a 30 years newer, nicer home, but further out in Eagle Lake? th
WE like both equally, but we want to know which is most likely to keep it's value!
0 votes Share Flag Sat Jun 21, 2014 Home Buying in 56001
Walt Anderson,  in Mankato, MN
Walt Anderson answered:
Do you have pictures for 165 Kingsway Dr. North mankato, MN
This is a mobile home located in Camelot Mobile Home Park. It is not on the Realtor's Multi Listing System.
0 votes Share Flag Sat Nov 3, 2012 Home Buying in 56003
Dianne Hicks, Real Estate Pro in Rancho Bernardo, CA
Dianne Hicks answered:
Mary Jo
Yes, if you change the terms outside of the agreement. It is the seller who is signing the RPA and then submitting to the bank. It needs all hands shaking to make it happen... ... more
0 votes Share Flag Thu Mar 18, 2010 Home Selling in Mankato
Steve Hoem, Real Estate Pro in Maple Grove, MN
Steve Hoem answered:
Relocating to the Mankato area from Texas looking for a Lease Purchase or C/D home. Do any agents work on this, or am I on my own with the net.?
Lease purchase and contract-for-deed are not as common as other traditional purchasing options but a Minnesota Realtor is licensed and able to help you with these purchasing options.
A ... more
0 votes Share Flag Tue Mar 16, 2010 Home Buying in Mankato
Lori Jeltema, Real Estate Pro in ,
Lori Jeltema answered:
My mother-in-law has her home listed for sale. She drove by a property she liked, and called the number listed
She sounds confused. Are you sure they are not asking her to sign a disclosure form stating that she understands that she is not represented? The agent, if it is the sellers agent doe ... more
0 votes Share Flag Mon Apr 20, 2009 Home Buying in Mankato
Cameron Piper, Real Estate Pro in Vadnais Heights, MN
Cameron Piper answered:
I am looking for a 4 bedroom home in mankato minnesota, with one of the bedrooms being a mother in law type

It might be worth renting for a bit of time in Mankato just to get to know the area. You might also want to use that time to save up more of a downpayment. While there are p ... more
0 votes Share Flag Mon Aug 13, 2012 Home Buying in Mankato
Aaron Dickin…, Real Estate Pro in Champlin, MN
Aaron Dickinson answered:
How much value does a basement bathroom and egress window add to a home?
If you do a good job and it is done at cost, then you'll likely see the project at least pay for itself. To say more than that would require seeing your house and comparing it to your ... more
0 votes Share Flag Sat Jun 21, 2014 Remodel & Renovate in 56001
Don Tepper, Real Estate Pro in Burke, VA
Don Tepper answered:
I am writing an article about real estate market trends in Mankato and I wondered where I could find out some
Well, the obvious answer is from the board of Realtors for the Mankato area. They'd have a lot of that information. Also check with the city or county--most have an "Economic Developmen ... more
0 votes Share Flag Sun Jun 21, 2009 Market Conditions in Mankato
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