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Champlin : Real Estate Advice

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  • Local Info1
  • Home Buying2
  • Home Selling2
  • Market Conditions1

Activity 7
Wed Mar 9, 2016
amanda h asked:
she was out of town when she set up our showing (didn't tell us) so the couple living in the home had to show us around. we emailed the woman and told her we loved it and to start the…
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Wed Mar 26, 2014
Zachary Neumann answered:
Like others have said, the minimum requirements really depend on what type of financing you choose to pursue. A knowledgeable lender will be able to direct you towards the best possible program for you and get you as much assistance as possible. I currently work with 2 loan officers who are EXCELLENT at what they do and are well versed in programs to assist first time buyers and they can work with a variety of cases, they haven't let me down yet. If you want to contact me directly I can get you their information and you can talk to them 1 on 1. ... more
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Thu Sep 19, 2013
Kyle White answered:
Hey Jim,

It appears the property sold at sheriff's sale on March 5th, 2013. The redemption ended on September 5th. The banks have been very slow lately on getting homes on the market and depending on the contents inside the home, they may need to do an eviction on personal property, which can delay the listing time. Typical time to list after redemption on a vacant property is about 2-3 months.

Interesting facts: The home sold for $204,717 at the sheriff sale. This should not have an effect on the listing price as the bank will look to price the home based on current market value.

The bank is JP Morgan Chase --they are typically one of the more aggressive banks when it comes to list price.

The market has slowed down drastically the past month, so it is a great time to be a buyer. Feel free to call or email if I can be of anymore assistance.

Kyle White
RE/MAX Advantage Plus
... more
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Wed Jul 17, 2013
Christopher Block answered:
This is just public record, which Trulia and other websites do quite a bit. The link in this thread actually already has the "sold" part included. That is a dead give-away.

Always remember, if it does not have a MLS# it is not listed! That is probably the easiest way to tell if something on Trulia is just tax records or an actual listing. Kinda confusing right!? If you would like I will just put you on the Realtor feed directly to the MLS that we all use for finding homes, and that way this problem will be taken care of (not to mention the time it will save you).

Just contact me if you want to receive all listings on the MLS in one simple email.

Chris Block
Realtor North Suburbs
... more
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Fri Jun 7, 2013
Susan Hofflander answered:
Hi, tinkluvsjen!
All of the info from my colleagues here is sound advice. Here's an additional helpful tool. Every year, Remodeling Magazine and National Association of Realtors team up to run the numbers on how much of a return on investment homeowners can expect when making remodeling choices.

Here's a link to the 2013 numbers. It's a detailed report that provides lots of different projects and different levels of those projects.

Good luck!!!
... more
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Tue Oct 18, 2011
Cat Kruzan answered:
I agree with what everyone else has said. Keep in mind that there is always risk in a transaction. If you love the house you are buying, taking the risk is worth it. We can never give a 100 percent gaurantee that a house will close. Even if the deal doesn't work out, there is always another house out there! Best of luck! ... more
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Mon Feb 23, 2009
Keith Sorem answered:
Any property will sell at the right price. The "right price" is based on a number of factors, however the clearest way to know the true value is the prices that similar homes in your area get with they sell.

Check out the link below.

Ask your Realtor how many homes, like yours, have sold in the time your home has been on the market.

If you absolutely have to sell, then I agree, applying for a short sale with your lender(s) is the best way. This assumes that your home is listed with a Realtor and is being marketed correctly.

If you do not absolutely need to sell, then don't.
... more
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