Dakota County : Questions & Answers

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Rachel Luckow, Real Estate Pro in Lakeville, MN
Rachel Luckow answered:
I live in MN and would like to rent out my townhome (primary res) and buy a 2nd home. What do I need to know?
I would start by talking to a loan officer that you trust. You cannot claim rental proceeds until you have collected them for 1 year. What that means is that you will have to be able to ... more
0 votes Share Flag Sat Apr 28, 2012 Home Buying in Burnsville
Aaron Dickin…, Real Estate Pro in Minneapolis, MN
Aaron Dickinson - Edina Realty answered:
Can a realtor not send an offer to the seller, if they think it won't pass the FHA inspection?
All offers must be submitted to the seller in a timely manner unless the seller has specifically stated that certain types of offers will be refused and the agent should not submit them ... more
0 votes Share Flag Wed Aug 20, 2014 Home Buying in Hastings
Bill Eckler-…, Real Estate Pro in Venice, FL
Bill Eckler-Florida, answered:
Is this a good time to buy? Buying in Eagan,mn
Cequal,

The only losers in this market are those individuals that are not staying current and exploring real estate options....this doesn't mean that it's the right time fo ... more
0 votes Share Flag Wed Oct 16, 2013 Home Buying in 55122
Michael Emery, Real Estate Pro in Minneapolis, MN
Michael Emery answered:
Is it better to buy 2 cheaper condos- rent out one of them and live in the other, or buy a more expensive townhome and live in it?
Have you factored in the non homestead taxes into your expenses as well as any future pending or proposed assessments you would need to pay on both units?

Have you factored in that y ... more
0 votes Share Flag Fri Dec 6, 2013 Home Buying in Burnsville
Kyle and Lois…, Real Estate Pro in New Richmond, WI
Kyle and Lois Hinrichs answered:
is a septic witha drain feild a legal system in wis?
HI Katie,
Septics W/ drain fields are legal in WI depending on the location of the home. Country properties require a septic and there are multiple styles (conventional, at grade, m ... more
0 votes Share Flag Mon Feb 28, 2011 Home Buying in 55118
Mack McCoy, Real Estate Pro in Seattle, WA
Mack McCoy answered:
can you make a seller have toxic mold removed before you buy it?
You can't "make" a seller do anything, you can only negotiate with them.

All the best,
0 votes Share Flag Tue Nov 26, 2013 Home Buying in 55118
Audrey I. Co…, Real Estate Pro in Lakeville, MN
Audrey I. Cole answered:
What do you like about living in Lakeville, MN? What don't you like (if anything) about Lakeville?
Our family moved to Lakeville, MN December 2006 from PA! We chose Lakeville because we knew it was going to be a growing area in the future. It's close to the airport and MOA. T ... more
0 votes Share Flag Fri Dec 20, 2013 General Area in 55044
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
I am looking to purchase my first investment property to hold and rent out. I am looking for a realtor who is experienced and preferably specializes
Consider interviewing in person a few agents, or as many as needed, from different realty companies, then choose the one you like best; ask about scheduling around your needs, who will ... more
0 votes Share Flag Thu Jan 2, 2014 Home Buying in 55124
Bill Wallace, Real Estate Pro in Spring Park, MN
Bill Wallace answered:
Investment Property Property Insurance question. I am going to be purchasing an investment property to rent out, can anyone give me a approximation on
Hi Leah,

The obvious answer is to call your insurance agent. The pricing will probably depend a lot on what coverages you choose.

I wrote an article about my recent investment re ... more
0 votes Share Flag Tue Feb 8, 2011 Rental Basics in 55124
Lynn911.com…, Real Estate Pro in Dallas, TX
Lynn911.com Dallas Realtor answered:
I am a Realtor in Apple Valley (3 years). Is there any insight as to why buyers are not interested in having agent representation?
How would you know this ? Are there properties selling via Realtors posted in MLS with buyers agent representing the buyer. IF YES. then buyers have Realtors who represent them for sal ... more
0 votes Share Flag Wed Dec 4, 2013 Home Buying in 55124
Adam Nemec, Real Estate Pro in Farmington, MN
Adam Nemec answered:
I have a newer home in Two Harbors, MN. My wife and I would like a one-level, newer home in either a northeastern or south eastern suburb Mpls/StPau
Hi I am Adam Nemec
Agent with Keller Williams Preferred Realty out of Lakeville South and south eastern suburb of the cities, Yes, I could help you in the south eastern suburb of twin ... more
0 votes Share Flag Mon Jan 27, 2014 Home Buying in Farmington
Lenny Frolov, Real Estate Pro in Minneapolis, MN
Lenny Frolov answered:
In this slow market, is hiring a professional to stage our home when it comes time to sell advised?
I think you will always find that a nicely staged home will show better in any market. Buyers have a lot of choices and making your home stand out is more important than ever to get a s ... more
0 votes Share Flag Sun Mar 23, 2014 Home Selling in 55124
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
What is the best way to determine whether the sale price of a home is a good buy?
Keep in mind that assessed value has no bearing on market value--you need to be aware of recently sold similar properties in the immediate area, review the data and make a determination ... more
0 votes Share Flag Thu Jan 2, 2014 Home Buying in 55124
Kent Gagon, Real Estate Pro in Tempe, AZ
Kent Gagon answered:
Hello, what kind license i need for start foreclosure clean-up business ? Thank you!
Olra, many banks already have what they call property preservation in place, your best bet would be to market to agents that have foreclosure listings and see if they need anyone to do ... more
0 votes Share Flag Fri Dec 6, 2013 Foreclosure in Inver Grove Heights
Lynn911.com…, Real Estate Pro in Dallas, TX
Lynn911.com Dallas Realtor answered:
what kind of credit do u really need to buy a home?
GREAT QUESTION:

Most lender require:

620 + credit score
2 years of solid work history
Debt / income ratio in balance
3.5% or more down payment

Few of major areas

C ... more
0 votes Share Flag Wed Aug 18, 2010 Foreclosure in Inver Grove Heights
Caroline M.…, Real Estate Pro in Saint Petersburg, FL
Caroline M. Mortell answered:
what does a pre neigioted short sale Mean! Does it mean we can close quick?
a Pre-negotiated short sale is one that the owner has already received at least one offer and the process has begun. A hardship letter has been written by the owner to the lender. The ... more
0 votes Share Flag Wed Aug 18, 2010 Home Buying in Inver Grove Heights
Adam Duckwall, Real Estate Pro in Saint Paul, AR
Adam Duckwall answered:
anyone know of a streamlined 203k loan provider in Minnesota. I've been given the runaround by wells fargo for 3 wks now. Apparently FHA thinks
Mike,
I have done several of these transactions with my own clients using a loan officer from Wells Fargo who specializes in these. His name is Jerry Fancher and his email is: jerry.f ... more
0 votes Share Flag Wed Mar 26, 2014 Financing in Rosemount
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
MN Short sale failed...now what?
Since you are still interested in the property, why not consider consulting with an attorney who specializes in real estate and have all documentation reviewed--see exactly what options ... more
0 votes Share Flag Mon Jan 21, 2013 Home Buying in Farmington
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
how long do short sales take?If I find something I like by the end of April, can it close by may31rst?
There are no set standard of time as to how long a short sale can take to close--some banks are quicker than others and patience is oftentimes needed--If you are looking to take advanta ... more
0 votes Share Flag Tue Dec 10, 2013 Home Buying in Apple Valley
B, Home Owner in Minneapolis, MN
B answered:
has 729 20th ave n,south st paul been sold?
Hi, 729 20th Ave N, South Saint Paul is TNAS which stands for Temporaty not available for showings. Ussually is because there is an offer since this property is a short sale / subject t ... more
0 votes Share Flag Mon Mar 8, 2010 Home Buying in South Saint Paul
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