Minnetonka : Questions & Answers

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Alison Hillm…, Other/Just Looking in San Francisco, CA
Alison Hillman answered:
I need a 4 bdr home in Minnetonka (Groveland School District) for my clients to buy, does anyone have a home that they are planning on selling soon?
Hi there-

Take a look at the latest here: http://www.trulia.com/MN/Minnetonka/

Ali, Community Manager
0 votes Share Flag Thu Feb 26, 2015 Home Buying in Minnetonka
Jerry Young,…, Real Estate Pro in Savage, MN
Jerry Young, Broker answered:
I live in the Minneapolis, MN suburban area and experienced in property management. Any advice for who to contact to get started in house sitting?
Marky,
I assume that you mean sit in homes that are for sale that have not sold. There was an opportunity for this to happen in the past 3-4 years, especially with builder's ... more
0 votes Share Flag Tue Nov 15, 2011 General Area in Minnetonka
Gerard J. Ca…, Real Estate Pro in Spring Hill, FL
Gerard J. Carney answered:
How to help a parent financially buy a condo.?
Please Talk to an accountant, also you can try "like kind" transfer giving you mother title to the new home that you brother purchases and he would receive the old home, which ... more
0 votes Share Flag Sat Jul 9, 2011 Home Buying in Minnetonka
Joe Houghton, Real Estate Pro in Minneapolis, MN
Joe Houghton answered:
It sounds like the Minnetonka market is heating up is this true? http://minnetonka.patch.com/articles/minnetonkas-rebounding-housing-market
I'm a little biased, but I'm loving the Minnetonka Market right now. Prices fell pretty hard but I've seen a lot of action so far this year.
0 votes Share Flag Thu Jan 23, 2014 Home Buying in Minnetonka
P Jhn, Other/Just Looking in Saint Paul, MN
P Jhn answered:
If I plan on buying a home in 5 years, should I assume an FHA loan home now that I'm renting that has potential to make money after I sell?
That's a difficult question to answer. While we expect the market to start returning to normaly within the next 12 months, no one can predict the future. With that said, if the h ... more
0 votes Share Flag Thu Mar 6, 2014 Home Buying in Minnetonka
CCC, Home Owner in San Diego, CA
CCC answered:
WIll I qualify for a 500k home if my income is 120k? If not, what can I qualify for? What is the minimum credit score required?
It is not just about income, it is also about your monthly expenses, such as car loans, credit cards, anything on your credit report that you pay monthly.

I think you may. Score wil ... more
0 votes Share Flag Thu Sep 12, 2013 Financing in Minnetonka
Aaron Dickin…, Real Estate Pro in Minneapolis, MN
Aaron Dickinson - Edina Realty answered:
Is anyone aware of any more mortgages that you can do 100% financing?
VA and Rural Development allow 100% financing but that's all I know of. FHA @ 3.5% down is the next best thing.
0 votes Share Flag Tue Oct 20, 2009 Home Buying in 55345
Ken Whitehead…, Real Estate Pro in Dunnellon, FL
Ken Whitehead (Broker Owner) answered:
Buying a foreclosure...when will the bank sign the PA and cash our earnest money check?
Not to worry if they accepted your offer and you have that in writing. Find out who the title company is and contact the closing agent to see what the hold up is.
0 votes Share Flag Tue Aug 4, 2009 Home Buying in 55345
Voices Member,  in
Voices Member answered:
Anyone familiar with the Cloud 9 Skyflats in Minnetonka, MN?
cloud 9 has gained some interest over the past few months, the link below explains a little about the building.
0 votes Share Flag Wed May 21, 2014 Home Buying in 55345
Don Edam, Real Estate Pro in Minneapolis, MN
Don Edam answered:
I am looking at a condo that is foreclosed the financial terms state cash only. Can anyone tell me what this?
Peter,

Usually the financial terms will state cash only if there might be a problem getting a lender to fund a loan on the property. In condos, this can be due to the current state ... more
0 votes Share Flag Sat Jul 11, 2009 Home Buying in 55345
Patrick Howa…, Real Estate Pro in Edina, MN
Patrick Howard answered:
When does a bank stop accepting offers on a house they own?
If the house is bank owned then typically the listing agent y will stop accepting offers once the bank makes a counter offer on one of them. If the house is in foreclosure and is subje ... more
0 votes Share Flag Sat Jul 25, 2009 Foreclosure in Minnetonka
Bob McClure-…, Real Estate Pro in Walled Lake, MI
Bob McClure- Real Estate Investing answered:
We are purchasing a home with an FHA loan. We were already pre-approved, and had our credit run along with
good evening.....i have done low risk, higher risk, and fha for a long time.....i must say that there is no one better that could be on your side than a loan rep that is overconcerned a ... more
0 votes Share Flag Sun Oct 4, 2009 Home Buying in 55345
Susan Hoffla…, Real Estate Pro in Minneapolis, MN
Susan Hofflander answered:
Would you recommend a real estate agent who will help me buy a starter home in Minnetonka area. Thanks
Yes, there are agents here on the site who would be happy to help you with that endeavor. It's a good idea to interview a few. Contact me if you like!
0 votes Share Flag Thu Jun 18, 2009 Home Buying in Minnetonka
Rob Saxe, Real Estate Pro in Rocklin, CA
Rob Saxe answered:
Approximately how many pending sales fall through?
Hi D,
What percentage of pending sales fall through is generally predicated on the financing of the purchase if financed at all. So that said, I'll address this from the loan perspecti ... more
0 votes Share Flag Tue Jun 2, 2009 Home Buying in 55345
Alina Vizenor, Real Estate Pro in Rogers, MN
Alina Vizenor answered:
If a bank gives you a counter offer, can you counter offer back at them? Or is that the banks lowest offer?
Don't know your particular situation, hopefully your agent has advised you accordingly and has discussed the risks involved with all these scenarios so you can make an educated choice. ... more
0 votes Share Flag Mon Aug 3, 2009 Home Buying in Minnetonka
Jane Q Revsb…, Real Estate Pro in Chanhassen, MN
Jane Q Revsbech answered:
Is there a market in Minnetonka right now for homes around $350K?
MIke,
We provide market updates monthly and this is an excerpt from our March report for Minnetonka.
74% (63 of 85) of the homes pended during the month of March were priced $350,000 ... more
0 votes Share Flag Mon Apr 20, 2009 Market Conditions in Minnetonka
MaryLynn Hei…, Real Estate Pro in Pasco, WA
MaryLynn Heinen,CRS SRES ABR answered:
If I pay cash for a home, will there still be closing costs? If so how do I calculate what those might be?
Depending on what your County charges for buyer closing fees which may include Escrow Fees, recording fees and tax, irrigation prorations may also be included. The best way to find our ... more
0 votes Share Flag Sun Oct 4, 2009 Home Buying in Minnetonka
Aaron Dickin…, Real Estate Pro in Minneapolis, MN
Aaron Dickinson - Edina Realty answered:
How long will it be until the house is on the market?
It takes typically 2 weeks to 2 months to have an house come back on the market. Your agent is not allowed to contact Countrywide directly due to issues of Agency and/or Realtor Code o ... more
0 votes Share Flag Thu Feb 26, 2015 Home Buying in Minnetonka
Aaron Dickin…, Real Estate Pro in Minneapolis, MN
Aaron Dickinson - Edina Realty answered:
Which type of loan is better for a first time home buyer. An FHA loan or a VA loan?
VA all the way. 0% down, no upfront MIP, can be assumed (with conditions).

If you want more or want to talk about it, give me a call. 612-251-5599 I'm a Realtor not a lender but I ... more
0 votes Share Flag Sat Feb 28, 2015 Financing in Minnetonka
Scott Hutchi…, Real Estate Pro in 55044
Scott Hutchinson answered:
What criteria should be weighed when determining a starting offer on a foreclosure? How to make an offer?
Tom,
Find an agent and he or she will help you to determine where you need to be to get the house for a great value. I would find an agent that deals a lot with bank owned properties ... more
0 votes Share Flag Mon Jan 12, 2009 Foreclosure in Minnetonka
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