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Home Buying in Chaska : Real Estate Advice

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  • Home Buying3
  • Home Selling1
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Activity 8
Mon Feb 1, 2016
Chris Block answered:
Depends on where you are getting the listing. The big portals like Trulia and Zillow allow tax records on their website, which means there are a lot of properties on the website that are not for sale. These usually get labeled off market, and that means they are not for sale.

If it was sold it would have the data of when it sold, the date closed, and the price.

Hope this helps Pat! If there is anything I can do to help just ask.

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Fri Aug 14, 2015
Vanessafordxd asked:
My boyfriend and I just recently had twins and need to get out on our own. We have been hopping back and forth between our parents house and its not fair for our boys. We keep paying for…
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Thu Apr 2, 2015
Chris Block answered:
I will say it is hard to beat up a builder too much if the price is at market value (which do you know or not?).

How I negotiate is in the finishes. Helps me get more for the buyer than just doing straight purchase price. Finished basement is a little spendy so that may just not be doable, but if the builder does 1/2 of it? Makes finishing the project a lot easier for you.

Good Luck!

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Sat Feb 28, 2015
Patti Ann Kasper answered:
What do you mean when you say REO pre-approval requirements? Are you referring to how well qualified the buyer is? Some lenders / servicers require that all potential buyers go through their own approval system even if they end up getting a mortgage elsewhere.

Is that what you were asking?
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Thu May 15, 2014
Amy Wiger answered:
Definitely, the kitchen is number 1! Second, the open floor plan and lastly, the size.
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Mon Aug 29, 2011
Mary Leizinger answered:
It's all about the cash flow. Prices are good for properties right now. Rents are increasing as vacancy rates shrink across the Twin Cities. (Currently about 2.4% vacancy.) While we don't expect home appreciation to come roaring back any time soon, if the property cash flows and you have the time and inclination to be a landlord, over time, the tenants will pay off the mortgage and you will make money in investment property. It's important to do your homework, buy a good property without too many "needs" and do what you need to do to keep the property occupied. ... more
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Thu Oct 23, 2008
Cameron Piper answered:

First, there is no rule or regulation or even ethical standard that mandates that a seller look at one offer before another. In MN a seller can do pretty much whatever they like with an offer (whether it is a good idea or not is whole seperate issue).

One thing that is different in MN as opposed to some other states is that a seller can only sign and fully execute one offer. Once they have done this, legally and technically (I say this because it does not take reality into complete account), the seller has to work with you first. The reason this isn't reality is that the only way that you can enforce a contract is through suing the seller for specific performance. While every agent will scream "specific performance" at the first sign of trouble, it is rarely pursued because the court battle that ensues is lengthy and expensive. It is almost always better to lick your wounds and go out and find something else.

A couple of corrections that I wanted to bring up. Rob (sorry friend) brings up a very common misconception in real estate and sadly it is a view that is heald by most realtors as well. Time is of the essence does not mean that people must hurry but rather it means that the dates and times in the contract are real and must be adheared to. It is not a unique legal concept to real estate transactions but rather can be applied to all of contract law.

Their is an ethical standard that all Realtors (only members of the national association of realtors) must adhear to as listing agents. Standard of Practice 1-6 states says that: "REALTORS® shall submit offers and counter-offers objectively and as quickly as possible". All this means however is that the listing agent must present your offer to the seller quickly, it says nothing of the sellers response time.

I hope all of that helps. Do let us know if you have any other questions.

Cameron Piper
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