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Home Buying in Eagan : Real Estate Advice

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  • Local Info0
  • Home Buying15
  • Home Selling0
  • Market Conditions2

Activity 13
Sat Dec 19, 2015
Samira2424 answered:
Please don't be discouraged, there are ways to rebuild your credit if you're denied, what do you mean when you say "your credit is not good" with some minor adjustments you can achieve good credit. I just closed on my home, my credit score was 580,599,623 in 4 months it shot up to 660,692,720. A co-worker told me about a credit repair company, the consultation was free so I said what the heck and gave it a try, she gave me some simple instruction I did it and my equifax jumped up by 28 points. If you're interested her phone # is 347-500-6371 call or text and tell her Anderson sent you. Good luck my friend ... more
0 votes 2 answers Share Flag
Thu Apr 2, 2015
Christopher Block answered:
No it is pretty common for there to be a large gap between the 2. We Realtors tend to choose the median for market talking points, because we believe that gives us the "more realistic number". Average can get skewed one way or the other pretty easily by extremes on both ends up the price range (million dollar home versus a $50,000 home). There is a seasonality factor that needs to be accounted at this time of year, because keep in mind that Spring and Summer are when the higher priced homes come on the market and move-up buyers come out to buy.

Which is why we compare each month to the previous year at same time to account for seasonality.

I just pulled that market for you and my numbers say $235,875 for the Median in March, and $256,414 as the average. This does not suprise me at all for Eagan since it is a higher priced neighborhood. We have a very strong sellers market right now with 3 months of supply on the inventory front. Low interest rates now make spring very bullish for home prices and I am anticipating a jump.

Let me know if I can help with anything else!

~Chris
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0 votes 1 answer Share Flag
Wed Mar 5, 2014
Dain Johnson answered:
Good Afternoon Lona,

It can be very difficult to find rentals in this tough market but i will reach out to you via email to see how I may be able to help!

Hope you have a wonderful day and keep an eye out for an email shortly! ... more
0 votes 1 answer Share Flag
Fri Jan 24, 2014
Derrick Strander answered:
Interior work should be fine. definitely check out to see if the association allows rentals or if you must be a owner/resident or close family member. I live in Burnsville and office in Eagan. Let me know price range and wants and I can help.

Thanks,
Derrick
... more
0 votes 5 answers Share Flag
Fri Jan 24, 2014
Derrick Strander answered:
I know of a nice place in Inver Grove Heights and they are thinking of selling. It is close to Eagan but I have nothing in Eagan right now. Best of luck.
0 votes 4 answers Share Flag
Sun Nov 3, 2013
Kim Eisen answered:
There are thousands of home under $300,000 and even $200,000. Something for everyone in every price range. Thank goodness, no one is average and each person is special ; )

Kim Eisen
Realtor since 1980
(651) 457-HOME (4663)

www.QuickHomesSearch.com
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0 votes 5 answers Share Flag
Wed Oct 16, 2013
Bill Halfrich JR Nmls # 332161 answered:
Hi Cequal,

I agree with the realtor professionals that have answered you so far. I want you to be aware of our conventional loan program that allows you to build in any repair or remodel costs into your 30 year fixed loan. I would also like you to be aware of our pre-approval process & how it will give you the advantage in a multiple offer situation. Buyers that go through our full approval process have a competitive edge when submitting an offer with multiple offers on the table. The human underwritten borrower has a loan commitment before a property has been found contingent upon the appraisal & clear title work. This allows us the ability in most cases to close within 7 business days of a full loan submission. The human underwriting turn time in most circumstances is 6 hours after full loan submission. ... more
0 votes 13 answers Share Flag
Thu Oct 25, 2012
Christopher Block answered:
A lot of good answers here below me. I will just say that Banks pretty much either price the homes competitively (where you get multiple offers within 15 days), OR they overprice the house and then systematically do price adjustments until they receive an offer they like. Banks are screwy so I do not believe your are being naive at all.

In the end the best way to know is to do a CMA of the property and come up with a value. For you it is imperative to add in REPAIR COSTS into the equation as an added layer.

Yes a Realtor does get paid by the seller and not the buyer, so if you feel more comfortable getting help by one of us down the road Trulia does a great job of having a detailed agent directory you can browse through.

Happy House Hunting!

~chris
... more
0 votes 6 answers Share Flag
Sun May 20, 2012
Rick Thram answered:
There are many 5BR homes to choose from in these areas but not many in the lower price points. Inventory has waned and competition for homes is high, so get an aggressive Realtor that can guide you through the process and find the right home for you! ... more
0 votes 4 answers Share Flag
Tue Nov 15, 2011
Peter Boyle answered:
The question is dependant upon many variables that you have not provided (i.e. how much down payment do you have? will your loan be conventional, FHA, VA? How much additional debt do you have? What are your credit scores? How much are the taxes and insurance on your home?) If we assume you want the maximum amount you can qualify for and I can assume ideal answers for the rest of the question then I should be able to get you approved for a max payment of 3,237 per month. Mathematically that would qualify you for a loan amount of about 500,000, but I would recommend that we keep it below 417,000, which is the Jumbo/Conforming loan cut off. I would need to speak to you and gather more information to make a more accurate assessment. ... more
0 votes 8 answers Share Flag
Wed Nov 11, 2009
Voices Member answered:
Hello Marie,
My office right up from you in Mendota Heights, so I am can sit down with you and answer any and all questions you may have. WIth a question such as you have posed it comes down to what are you looking to do with how much down. As Elizabeth wisely pointed out 620 is about the minimum score at least until the FHA upgrades the needed credit score to 640. Please feel free to contact me to go into specifics for your situation.
Sean@spectrafinancial.com
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Tue Sep 8, 2009
Kim Eisen answered:
I would call them and ask them why they sent it to you. It does seem odd, but they may have inadvertantly sent it to you rather than 'back' to the estate trustee. Worth a call and let us know how it goes. Good luck.

Kim Eisen
RE/MAX Specialists
Realtor since 1980
... more
0 votes 1 answer Share Flag
Wed Aug 27, 2008
Susan Hofflander answered:
Hi, Mary!
Good for you for doing your research. There are a variety of reasons why certain developments sell cheaper and more frequently than others. Sometimes things look better in pictures or on the outside than when you're actually living there. As well as financial issues, there could have been compromises in construction making for noise or odors between units, etc. Hard to say for sure without doing lots of research.

Please contact me regarding your relocation. Our services are tailor made for relocation buyers. We ONLY represent buyers, so there's never a possibility we'll be also representing the sellers. No other agents can say that. A home is the most important and expensive purchase most people make, so it's in your best interests to have someone that EXCLUSIVELY represents you at all times.

E mail me if you want me to send you our relocation package. And, look at our website for more info on why it's important to have our level of representation.

P.S. I spent several months in Pittsburgh a few years ago!!!
... more
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