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Home Buying in Gallatin County : Real Estate Advice

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Activity 49
Tue Apr 5, 2016
P.baciu asked:
Mon Mar 28, 2016
Paul answered:
Use InBedrock.com to fully understand + analyze all real costs of homeownership, including purchase price, down payment options, closing costs (title insurance, bank fees, inspection/appraisal, legal), mortgage financing- interest rate, term, points, pre approval requirements, RE Taxes, HO Insurance, utilities/maintenance/condo fees, selling costs (broker commission, capital gains tax, state transfer taxes). InBedrock.com is educational, in-depth, easy-to-understand. Invaluable especially for serious first-time homebuyers. ... more
0 votes 14 answers Share Flag
Mon Nov 9, 2015
Kathy Lewis answered:
It's a wonderful option and has allowed many first time buyers enter the housing market ( that otherwise could not) please contact us below with any questions.

USDA Mortgage Hub
100% USDA Rural Housing Loans
Serving all 50 states
Ph: 800-691-8826 (7 days a week)
www.UsdaMortgageHub.com
... more
0 votes 4 answers Share Flag
Fri Jan 23, 2015
Pam Halbert answered:
$6000.00 is enough to start. There is a Rural Development program that requires zero down or as much as you'd like to put down. This is available for homes outside the Bozeman city limits. ... more
0 votes 10 answers Share Flag
Tue Sep 16, 2014
Patrick Sullivan answered:
Hi James... Normally a lender wants to see a 2 year history of employment in the same line of work on conventional loans, However if you were getting out of college and now starting a new career then a 2 year history is not required. FHA loans have more flexible guidelines regarding this situation. I used to be a mortgage underwriter and I know guidelines do change.What I would do is contact your local realtor and they can refer you to a reputable lender to get you preapproved. GOOD LUCL :-) ... more
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Fri Aug 8, 2014
Daisy Ferreras answered:
Mon Jun 2, 2014
Dennis Erickson answered:
Daisy, I'm afraid you won't like my answer much, but it might help you out.
First, your Realtor should have let you know the contract was out of date. Period. No Excuse! Second, you should have read the contract and known the date also. You should have also read the addendum asking for repairs and noted the missing items. I assume you signed the addendum and the Buy Sell agreement? OK, your Realtor messed up. Let's go with that. First, get the contract back in date by using an amendment which your Realtor should prepare. Have it signed by yourself and the seller and have it reflect a hard closing date. If the seller isn't making repairs, include a dollar amount on the amendment that will be paid to you in lieu of him doing repairs, there's a good chance he's broke and can't afford to make the repairs, something your Realtor should have foreseen and accounted for in the agreement to buy and sell.

Lessons here? First, get another Realtor. Sorry, but these are basic items yours missed. Second, don't assume you don't have some responsibility to read your agreements and understand them. This is serious business and you have to take responsibility for understanding what you're doing even when you have attorneys or Realtors or.... (name someone here) who are involved in the transaction.

Good luck.
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Sun May 4, 2014
Eric Ossorio answered:
The "seasonal" rental season in approximately 100 days...for a well located and marketed property. The rental revenues from overnight seasonal rentals will generally cover your NON financing costs...ie, HOA dues, taxes and consumable expenses.
It would be helpful to have an idea of where the property is located...ie, ski in ski out will generate more revenue, however ski in ski out properties also cost more to purchase.
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Thu Mar 27, 2014
Karen and Ed Thomes answered:
Hi Steve,

Thank you for your inquiry about town-home activity in Bozeman. In 2013 both town-homes and condos saw a significant increase in values. In fact, there was a 12% increase in sold prices. In addition, the inventory was quite low by the end of 2013 and the demand for town-homes and condos is still strong. New construction of town-homes and condos is robust and it is expected to continue throughout 2014. This will play an important part as it will be your competition in the months ahead. In conclusion, with the inventory currently depleted and low mortgage interest rates continuing, I believe that marketing your property (the earlier the better) in 2014 would be an optimum time to maximize profits in a timely fashion.
I would look forward to learning more about your particular property, its features, etc. for a more complete Market Analysis. Contact Karen or Ed anytime at 406-570-6080. www.TheBozemanHomeTeam.com
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0 votes 6 answers Share Flag
Tue Mar 4, 2014
Mike Robitaille answered:
Hello fisherfin,

Amanda is correct. The road acess can be bumpy due to snow and eventual washboarding of the road and the bill would be huge to pave it. There are other subdivisions priced similar that are a few miles further west or on the interstate. Look up milligancanyon.com and see if it suites your needs. Feel free to contact me direct with any questiosn of concerns in the Three Forks area.

Respectfully,
Mike Robitaille
Small Dog Realty
406-599-7610
... more
0 votes 2 answers Share Flag
Tue Mar 4, 2014
Mike Robitaille answered:
Hi Michele,

Mike Robitaille here with Small Dog Realty in Bozeman Montana. Please let me know what parameters you are working with and what size piece of land you are interested in. On top of real estate I am also a General Contractor with lots of information and knowledge that may be helpful down the road a little ways.

Feel Free to contact me direct at (406)-599-7610

Respectfully,

Mike
... more
0 votes 1 answer Share Flag
Mon Feb 24, 2014
Shamesedge asked:
We were pre-approved through our credit union to purchase a home. We found a HUD foreclosure and placed a bid. Our bid was accepted. We have paid our earnest $ and signed contract.There…
0 votes 0 Answers Share Flag
Tue Feb 11, 2014
Erin Mandeville answered:
The most current sale closed at about $10,000 per acre on Skunk Creek in 2013 (and that was with the water being the Buyers responsibility. As you noted Brian, there is a lot of variation in the area and access in some areas may not be for the faint of heart! For the tougher to locate parcels, the property may be valued more in the $6,000 per acre range and for the premium lots it may be as much as $20,000 an acre. If this is an area you have your eye on, I'd love to help you find the perfect lot for you at a price commiserate with the market. ... more
0 votes 3 answers Share Flag
Wed Jan 22, 2014
Dave Everett answered:
Have a investor looking to purchase a strip mall in Bozeman, not Belgrade. If anyone knows of anything that's not on the MLS please contact me
0 votes 4 answers Share Flag
Tue Jan 21, 2014
Dave Everett asked:
Mon Jan 13, 2014
Mark Meissner answered:
There are a variety of ways that this sort of scenario can be set up. I would definitely suggest talking to a local real estate attorney to see what will protect you best as the Buyer. If you need some recommendations in the Bozeman area please let me know. Have a good day!

Mark Meissner
Sales Associate
ERA Landmark
406-570-9576
... more
0 votes 2 answers Share Flag
Mon Dec 9, 2013
Ryan Olsen answered:
This is a great question. Bloomsberg Business Week has a great short article about this. Lenders must now verify and document at least eight specific criteria, including income, assets, credit history, other debt obligations, and employment status, to determine whether a borrower has a reasonable chance of repaying the loan. If the lender doesn’t do all that, a homeowner who has trouble repaying the loan has grounds for a lawsuit. As for how this will affect the real estate market? This will be better for everyone because there won't be the quickly inflated prices and then bursting real estate bubbles. ... more
1 vote 3 answers Share Flag
Mon Nov 4, 2013
Mark Meissner answered:
Hi Dhale42,

The home at 355 Chase Way is actively on the market. The listing agent does not have it noted as a foreclosure in our MLS system, so I can't say for sure whether it is or isn't. Great price on a nice condo though! Let me know if you'd like to arrange a time to go and see it. Thanks and have a good evening!

Mark Meissner
Sales Associate
ERA Landmark
406-570-9576
... more
0 votes 1 answer Share Flag
Mon Aug 5, 2013
vcwald answered:
Sometimes because the sale is contingent upon the buyer meeting some condition (e.g., selling their current home) and the seller is willing to entertain backup offers in case the contingency isn't met by deadline. Most realtor websites indicate this status if it is the case. ... more
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Wed Jul 24, 2013
Courtney King answered:
The market actually has gone up and is predicted to climb more, so now is the time to buy!
1 vote 2 answers Share Flag
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