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Northfield : Real Estate Advice

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

Activity 12
Fri Jun 19, 2015
Josh Lund answered:
Hello Joannie,

Id be happy to help you. My name is Josh Lund - Branch Manager with Gold Star Mortgage in Minneapolis. Is your question about the home you have been in for 3 years about selling it, buying it, or refinancing it?

Id be happy to see if we can make this an easy process.
Thanks much. Please contact me at:

Josh Lund
Branch Manager
Gold Star Mortgage Financial Group
333 Washington Ave N Suite # 101
Minneapolis, MN 55401
Office # 952 884 5442
jlund@goldstarfinancial.com
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Fri May 15, 2015
Tony Grech answered:
Do you live in the house or is it a rental? The price of the new home would only matter if you are exchanging an investment property for another investment property.

But if you occupy the home then the two figures that matter are what you originally paid for the house vs. what you sold it for. The difference between the two is your capital gain (profit) on the home.

Generally capital gains up to $250,000 ($500,000 if you are married) are tax-free provided you have resided in the house as your primary residence for 2 consecutive years out of the last 5 years.

This IRS link explains it in legalese:

http://www.irs.gov/taxtopics/tc701.html
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0 votes 2 answers Share Flag
Sun Jun 22, 2014
Brian Durham answered:
If you would like help feel free to contact me with an address and I would be happy to help find more information for you.
0 votes 2 answers Share Flag
Thu Mar 6, 2014
Brian Trebelhorn answered:
Hello there, I live right here in Northfield. I can get you information or get you into this home, or ANY other home on the market. I have lived here all my life and have over 11 years experience as a Realtor here. I will make sure you get what you need. Send me an E-Mail, to remaxhometeam@charter.net and I'll get back to you right away, ok? Thanks much, I look forward to hearing from you again.

Brian Trebelhorn
Remax
Northfield, MN
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0 votes 6 answers Share Flag
Thu Jun 6, 2013
Leena Sekhawat asked:
I am coming to drop my daughter to carleton college.

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This question was asked from this property: http://www.trulia.com/rental-community/9000028150/Cannon-Valley-Apartments-1170-Cann…
0 votes 0 Answers Share Flag
Wed Aug 31, 2011
Faye Merritt answered:
I don't think you need a number to buy a house here with cash if you are a foreigner. I could buy houses for any Chinese people who live in China if they pay cash.
0 votes 1 answer Share Flag
Mon Apr 4, 2011
Steele V. Propp answered:
Let me add a caveat to getting out of a lease. Just because the landlord is not paying the mortgage, it doesn't mean you don't have to pay rent or can just break the lease without cause. These are two separate contracts.

I have seen landlords take renters to small claims court and consistantly win when it comes to getting rent money. Look over your lease carefully before withholding rent or leaving. Now, the landlord may be fine and let you out of the lease but that is their decision. And I would get any agreement in writing.

Have you talked to your landlord yet?

Steele
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0 votes 9 answers Share Flag
Wed Mar 30, 2011
Susan Hofflander answered:
Hello, Electron!
Hmmm, all of this depends on how much you are wanting to spend on the property itself. I mean, 20% of $500,000 will make a different payment than 20% of $100,000. And, from what's left is how your mortgage is determined. On that amount, the interest is calculated.

It sounds like it's time for you to have a meeting with a loan officer that you trust in order to get answers to all of your questions. Please let me know if I may recommend some mortgage people for you to contact. I have some wonderful folks who would take very good care of you.

Good luck!
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0 votes 2 answers Share Flag
Wed Nov 10, 2010
Bob Kuyper answered:
Hello Sandra,
The flooding was mainly on the west side of the river to Hwy 3. So the commerical businesses on the west side had the most damage. Our residential areas for the most part remained dry. (There was some water in basements due to the ground being so saturated.
The thing about the Cannon River is that it has a wide basin to fill in all but the downtown area where the dam was built and the limestone walls to channel the river, so where it could spread out it did not do any damage.
When you come to retire her we can search "high Ground!".
When will you be coming?
Cheers,
Kate Kuyper
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0 votes 6 answers Share Flag
Tue Sep 22, 2009
Ben Allison answered:
My humble opinion is that in this day and age, buyers are looking for properties on all different websites. I recently held an open house and asked everyone that came where they found the listing. I was really surprised as the overwhelming majority of them came across the listing on websites that were not fed by the MLS. I have several from craigslist, several from local media outlets and several from random sites like youtube, hotpads etc that my virtual tour company syndicates to. You just never know where you buyer will find your property and I honestly think that it is your best interest to cover all of your bases. Best of luck!

Ben Allison
The Cascade Team
Full Service Listing for 1%
Outrageous Service! Not Outrageous Commissions!
206-402-2442 (Mobile)
425-396-4569 (Office)
206-708-6639 (Fax)
www.jetcitymodern.com
www.thecascadeteam.com
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0 votes 11 answers Share Flag
Sun Sep 14, 2008
Cameron Piper answered:
Kathryn,

I am not quite sure where you are finding that unit #9 sold for $125,000. According to our MLS the most recent listing for $129,900 for this unit was canceled. The tax record doesn't show a sale for this unit either.

I would assume, but can't be certain having never been to the property that the disparity in price is a result of a different view or layout, but more likely a change in finishes. Please let me know if we can be of further assistance.

Cameron Piper
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