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Anoka : Real Estate Advice

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  • Home Buying4
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Activity 5
Fri Jun 17, 2016
Tatumlea answered:
However, Too much faith in "average" numbers, keep in mind that the only house that you really care about is the one that you are about to build. Home prices of $55, $66, $72, $80, $84, $92, $110, $118, and $328 per square foot combine to produce an average of $112 per square foot, which is probably a reasonable figure for many areas of the country. However, the difference between the lowest figure and the highest is very substantial. While professional builders may be able to average their profits and loses over several projects, the typical homeowner or owner-builder probably cannot. So, regardless of how you finally come up with the numbers, be sure to take the time to review your finances, prepare a reasonable budget, and produce an accurate construction estimate for the specific home that you are about to build.

http://USAConstructionLoans.com
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Tue Oct 8, 2013
Cameron Piper answered:
Seems a bit high, but as others have pointed out - it depends on the area. Why not grab another bid for the plans from another builder as Chris mentioned?

Cameron Piper
Keller Williams Premier Realty
612-839-4202
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Thu Jul 21, 2011
Chris Block answered:
Anoka County is my neck of the woods and I am a short sale specialist.

From everything I have read it seems as though there is no recourse on this, so it just depends on what it will take to purchase another home. The only reason to do a short sale is because you A) Can't get approved for financing on two properties B) a foreclosure would drastically change your options.

I usually say a short sale is always better than foreclosure but you could be a rare case friend. Are you looking to buy in Anoka too? Just let me know when you would like some help!

Chris Block
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Thu Jan 29, 2009
Cameron Piper answered:
Studebaker,

Such information is subject to MN Disclosure. If the seller or agent are aware and don't disclose this information they would be in a world of trouble. If they don't know - you might want to call and tell them.

If the information is disclosed properly and the buyer still chooses to buy the condo - they will have their own reasons for doing so.

Cameron Piper
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