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Home Buying in Moorhead : Real Estate Advice

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  • Home Buying4
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Activity 7
Sun May 18, 2014
Joel Johnson answered:
Steel siding is one of the most durable maintenance free sidings available. Wood siding typically requires maintenance over time. The siding covering is just one component determining the overall energy efficiency of a home. ... more
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Mon Apr 15, 2013
Russ Douville answered:
Generally I don't hear "carefully planning" and "contract for deed" in the same sentance these days. For a buyer I tend to think of contract for deed more as a last resort. Very few plans for long term successful home ownership include a contract for deed. If you're considering CFD, you must have cash for a down payment, often more cash than a lender would require. You must have the abilty to make a higher monthly payment than a lender would require because the rate on the CFD is going to be higher. So what would steer you toward a CFD? A low credit score? If you have cash on hand and the ability to make a higher payment, credit can be fixed. A bankruptcy or foreclosure that forces a waiting period before you're eligible for a mortgage? That seems unlikely from the details in your question, but it looks like you've been renting and in this economy some of those waiting periods are surprisingly short.

In MN I suggest you check out to find a home ownership counselor in your area, and have a detailed discussion of your housing plans with someone who isn't trying to sell you something.
... more
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Mon Apr 15, 2013
Russ Douville answered:
Your question has two parts and the answers are Yes, and Maybe.

Yes, the lender will consider a gift of equity from a family member as down payment.

Maybe, the lender will not require a cash down payment. If you are doing an FHA loan you will not be required to provide an additional cash down payment, but keep in mind that someone will need still need to pay closing costs. If you are doing a conventional loan and the down payment isn't at least 20% of the appraised value or sale price, you will need to provide a down payment of as much as 5% from your own funds. ... more
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Thu Aug 26, 2010
Joe Houghton answered:
I would network as much as possible. Speak with several Realtors, educate yourself throroughly and make sure you have the contract reviewed by professionals you trust.
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Sun Jun 20, 2010
Brad Anderson answered:
Here is another resource for you.
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Tue Jul 7, 2009
Dave Werth answered:
Thanks for the question Ken,

Give me a call and I can help you out!

Dave Werth
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Tue Jul 7, 2009
Dave Werth answered:
Hello Naz,

Hope your doing well. Give me a call or email and let me know how your doing!

October to December is the best time. What are you doing on Trulia?

Dave Werth
Kvamme Real Estate
3401 S. 8th St.
Moorhead, MN 56560
... more
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