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Market Conditions in 55057 : Real Estate Advice

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  • Home Buying1
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Activity 2
Wed Mar 30, 2011
Susan Hofflander answered:
Hello, Electron!
Hmmm, all of this depends on how much you are wanting to spend on the property itself. I mean, 20% of $500,000 will make a different payment than 20% of $100,000. And, from what's left is how your mortgage is determined. On that amount, the interest is calculated.

It sounds like it's time for you to have a meeting with a loan officer that you trust in order to get answers to all of your questions. Please let me know if I may recommend some mortgage people for you to contact. I have some wonderful folks who would take very good care of you.

Good luck!
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Sun Sep 14, 2008
Cameron Piper answered:
Kathryn,

I am not quite sure where you are finding that unit #9 sold for $125,000. According to our MLS the most recent listing for $129,900 for this unit was canceled. The tax record doesn't show a sale for this unit either.

I would assume, but can't be certain having never been to the property that the disparity in price is a result of a different view or layout, but more likely a change in finishes. Please let me know if we can be of further assistance.

Cameron Piper
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