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Home Buying in Apple Valley : Real Estate Advice

  • All36
  • Local Info5
  • Home Buying13
  • Home Selling2
  • Market Conditions1

Activity 24
Sun Aug 27, 2017
Nopow asked:
Tue Dec 20, 2016
Jeffrey Nobleza answered:
I have worked with clients that were in your same situation. I would advise that you start working on improving your credit score as that can take a few months. I have a lender that will coach you through the process and finance you when you are ready. Let me know if I can be of any assistance.

Jeff Nobleza
Keller Williams Classic Realty Northwest
7365 Kirkwood Ave N Suite 200
Maple Grove, IL 55369
jeffnobleza at
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0 votes 1 answer Share Flag
Tue Mar 15, 2016
Samanthaj550 asked:
Samanthaj550, Home Buyer in Minneapolis, MN
Is it possible to get an FHA loan with a score under 640?
Hello! My partner and I are looking at purchasing a home within the next 6 months…
0 votes 0 Answers Share Flag
Tue Feb 9, 2016
Jsjsjsjshjis answered:
Kil your self btw you suck and all ur friends too and I don't like you so stfu
0 votes 16 answers Share Flag
Thu Jan 2, 2014
Brian Sundberg answered:
I would love to help you. I have experience in investment properties and rentals.
Brian Sundberg
0 votes 18 answers Share Flag
Thu Jan 2, 2014
Gail Strom answered:
It's very basic but the ways they are accomplished vary. They are similar to a standard listing up front but when the contract is agreed between buyer and seller, this is when the real work begins. The seller should work with a seasoned short sale professional to negotiate on their behalf with the lender. If the lender deems the seller is in a hardship situation they may approve the sale and receiving less than the current mortgage balance. It's best to have a discussion specific to your situation with a Realtor, attorney, and even your accountant before moving forward with a short sale because state laws vary and change, you need to know what consequence there may be when you sell your property in a short sale.

Gail Strom
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0 votes 8 answers Share Flag
Thu Jan 2, 2014
Gail Strom answered:
You answered your own question when you said that you feel uncomfortable. If you're still hesitant you should understand the pros and cons of dual agency. Every situation is different as are every Realtor and buyer. The cost to you should generally be the same as buyer whether you go with the sellers agent or find your own. ... more
0 votes 20 answers Share Flag
Thu Jan 2, 2014
Gail Strom answered:
Hi Geri,

You're question is quite old but for anybody else considering a short sale, there are no rules! Well, the banks do have guidelines and requirements for accepting short sales but there are several pieces of the puzzle and they vary with every bank, individual working at the bank, and every seller situation. Make sure you hire somebody who doesn't do a few here and there but who has a strong history with getting short sales done- period. We use attorneys and full time negotiators to get the results for our sellers.

Gail Strom
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0 votes 7 answers Share Flag
Thu Jan 2, 2014
The Stephen FitzMaurice Team answered:
Yes you can get home insurance without HOA from what I hear. Some banks give out loans for these types of properties - just not all. You'll have to check around with an expert local mortgage lender. Plan on working out a maintenance agreement with your neighbor though. ... more
0 votes 6 answers Share Flag
Thu Jan 2, 2014
Fred Herman answered:
the same way you do when buying a TV. shop around. see what you can get for your money.
0 votes 21 answers Share Flag
Tue Dec 10, 2013
Gail Strom answered:

There is no right answer to your question since there are many variables that can produce a wide range of outcomes. The moving parts in a short sale are the sellers current situation as it relates to why they need a short sale and whether they even qualify, the Realtor/negotiating team who has the listing since much of the work is on their shoulders, and thirdly the bank(s) who have the lien on the home. We use a full time negotiating team to work on our short sale listings once an accepted offer comes in but in the case of an FHA loan, it can still take upwards to a year. Now, most of our short sales take around 90 days to complete once an offer comes in but again, this can vary.

The market has improved leading to fewer short sale listings but we are still working them with success. Ask any of our past clients, some of their comments can be seen on my website.

Gail Strom
RE/MAX Results
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0 votes 3 answers Share Flag
Wed Dec 4, 2013
Gail Strom answered:
Drmosses- I've represented 12+ builders since 2002 and have marketed lots, new homes, and any combination of these. Here are a few things you WILL come across just driving through new housing developments.

1)Very commonly a builder will hold an inventory of lots which buyers can choose on, and of course build with that builder on those lots.

2)You may come across a model home in a neighborhood where that particular builder is building but does not own any lots in that neighborhood. However the lots in this neighborhood can be reserved to a certain list of builders. More common now that 10 years ago since builders don't have to carry a large number of lots. Many builders went out of business during the downturn of the housing market simply because the cost to carry their lot inventory was too much to bare.

3)This scenario is much more common for acreage parcels, in the general metro area anyway, and these are lots that are simply for sale, you bring your own builder. The lots closer in to the metro are generally tied up by builders and developers with an approved builder list.

Now! Depending on which scenario you come across financing will also vary. Commonly you can find a lot with a builder who will have their own construction financing, you're required to pay earnest money at any variable amount, typically 5%. If you buy a lot and bring a builder you may need to acquire construction financing and taking draws from that loan until final close when you would essentially refinance with a new loan.

There are a lot of variables and I apologize for missing some of the detail. I spend a lot of time searching for lots and work with custom builders so feel freed to bounce any questions off of me that you have :)
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0 votes 7 answers Share Flag
Sun Nov 24, 2013
Gail Strom answered:
There are a lot of moving parts in the process of selling and buying a home. Go under the BUYING or SELLING tabs on my website and you will find a lot of helpful information at your convenience. If you like what you see and want to discuss, I'm available to help. :) ... more
0 votes 8 answers Share Flag
Thu Mar 7, 2013
Shannon Pipho answered:
Equity Options Property Management is your answer. We office out of South Minneapolis and assist many home owners with their investments.

Make sure you do your shopping around. Equity Options has a very professional and energetic staff and costs 20-40% less than many of our competitors.

Give me a call today to discuss your options or set a free no obligation consultation.

Shannon Pipho
(952) 454-3685
Scot Pekarek Real Estate
Equity Options Property Management
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0 votes 6 answers Share Flag
Sun May 20, 2012
Jeff Scislow answered:
There will be many homes that match that criteria. You may find yourself needing to refine some details and for that I have a great recommendation: My home search App for iPhone & Android will allow you to enter your criteria and search using the GPS on your phone - perfect for finding listings while you are on the go. When you see a for sale sign, you can obtain specific property information for ANY listing including price, photos, beds, baths, square footage, etc.

You can download it for free in one of two ways:

1. Visit:

2. Text "zoom" to (612) 223-7700
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0 votes 2 answers Share Flag
Thu Feb 24, 2011
Beth Bell answered:
Do you have an accepted purchase agreement and a set closing date? The whole loan process can take anywhere from 30-45 days.

If you're waiting on a pre-approval letter so you can make an offer, that can be done in minutes.

Let me know if you want further clarification on this or other lender referrals.
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0 votes 2 answers Share Flag
Mon Jan 3, 2011
Brenda Feria answered:
Greed and distrust are the reasons. Buyers think that they can save commissions by dealing directly with the listing agent, when in all realty, they will be paying the same, without representation and the listing agent is probably receiving both sides of the commission. Some also have a very low opinion of realtors. Perhaps they have been burned by a bad agent. It happens. It is our job, as professionals, to educate our buyers so that they know that it doesn't cost them money to have realtor representation; it costs them not to have realtor representation. Also, we have to demonstrate, with our knowledge and expertise, that we can be trusted. ... more
0 votes 20 answers Share Flag
Thu May 21, 2009
Michele Mato answered:
There is a small townhome complex in Apple Valley that I know of with no association dues. The association went bankrupt and there are no banks that will finance a townhome without an association. Without an association, its impossible to predict the integrity of the structure in the future. The listing agent told me that there are no insurance companies that will cover a townhome without an association and you can't get a bank loan with out insurance. This complex is in East Apple Valley just north of Co Rd 42. ... more
0 votes 7 answers Share Flag
Thu May 7, 2009
Aaron Dickinson answered:
Elizabeth - Jackie is talking about renting extra rooms, not buying a multifamily house. There is no credit for rental of extra bedrooms in a single family home.
0 votes 4 answers Share Flag
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