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Foreclosure in Hopkins : Real Estate Advice

  • All12
  • Local Info1
  • Home Buying5
  • Home Selling0
  • Market Conditions0

Activity 4
Mon Apr 9, 2012
Vicki Weber answered:
Mon Jun 6, 2011
Christopher Block answered:
Just to basically say the same thing as everyone else ha! Your tax questions is already answered.

In my opinion a 1st time home buyer should really think hard about future market trends for their first purchase. We just live in a different time period where almost no one will stay in their 1st home longer than 5-7 years.

Also, 1st time purchases are like 3rd time purchases in this market. There is so much equity potential for buyers it is sick.

Hopkins is a super good area and although the TH market is a lot better compared to others in the metro I would highly suggest sticking with a singly family home detached.

So I tend to be a little more agressive with my 1st time buyers on the analytical side versus lifestyle unless it is a situation where they believe this 1st home will be a long term. That is just my personal opinion and if you ever have questions about this I am more than happy to help.

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Tue Feb 15, 2011
Bonnie Hammel answered:
You need to find out wehat other homes in the area have sold for and if there are other offers. I find that when a bank lowers a price significantly, it often creates multiple offers. Contact a realtor to help you with this offer. ... more
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Wed Nov 21, 2007
Aaron Dickinson answered:
I agree with Lenny... it is hard to give you guidance on this without knowing more about what you are trying to achieve. Sometimes foreclosures are good deals, sometimes they are not. Metro wide, about 12% of all listings on the MLS today are either bank owned, pre-foreclosure, or "short sale" properties. That's significant!

The best thing you can do is get set up in a representation relationship with an agent that can accurately explain the benefits and pitfalls and work with you to determine what really is in your best interest.
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Foreclosure in Hopkins Zip Codes