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Rapid City : Real Estate Advice

  • All47
  • Local Info2
  • Home Buying15
  • Home Selling0
  • Market Conditions3

Activity 31
Thu Oct 20, 2016
Nlgf4897 asked:
My husband and I closed on a home 4 months ago through a local mortgage company and FHA in SD. Apparently, FHA has decided to audit the loan and found an error in the application. We were…
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Mon Sep 12, 2016
Craig Crews asked:
Sat Jan 9, 2016
Bittersweetjm64 asked:
Sat Jan 9, 2016
Bittersweetjm64 asked:
Mon Nov 30, 2015
Dennis Kelley answered:
Unfortunately, Trulia only seems to offer listings to licensed real estate agents. I understand your frustration in dealing with our local South Dakota agents. While there are some good ones, most of those that I have encountered lack the professional acumen that I experienced as an agent in the San Jose area.

I would recommend that you go elsewhere to place your listings. Zillow offers the ability to list your home, and Craig's List is also an alternative. You can also set up a Facebook page to get the word out about your home. If you want to have your home listed on Trulia and have it on the MLS for minimal fees (while retaining the ability to do a for sale by owner transaction) I would recommend looking at services such as There are others as well that will help you do this for well under $500.
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Tue May 26, 2015
Mary Gorcoff-Knecht answered:
It's never too early to get connected with an excellent lender who can help you through this process. In fact, it's not a bad idea to interview a few to make sure you are working with someone you like on this major purchase. I work with several excellent lenders and would be happy to connect you with them so you can interview them and find one that fits for you. ... more
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Wed Apr 15, 2015
djennifer009 answered:
I think it depends on what the professional says. If there really is a problem with the furnace, then it's the seller's responsibility to repair things. An odor isn't always a sign of a problem, though. You're doing the right thing by getting it checked out either way. ... more
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Thu Apr 9, 2015
Javier Montiel answered:
It depends on what percentage you agree on. Commissions can be negotiated.
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Thu Mar 26, 2015
Dan Tabit answered:
By law no one should give a direct answer. X% is normal, customary or standard violates the Sherman Anti-Trust act. Saying, "you get what you pay for" isn't always the truth either. Some high price agents are lazy, unmotivated and give the industry a bad name. Some discount agents are worth more than what they collect, but not all.
The truth is a great agent is worth more than whatever commission arrangement you make with them. They add value to a transaction and do way more than just post a sign in the yard and have someone make up a flyer. There are lots of strategies on how to market a home, for who, where and what type of marketing may benefit a specific style, location or type of property.
They know how to look out for your safety in both personal ways, property wise and legally. They put your interests above their own and those of the buyer. They know how to read a pre-approval letter and sniff out the ones that mean something versus those that mean nothing. They will negotiate your deal so that you come out as well as possible and leave the other side committed to the deal at the same time.
They will shepherd your deal to a safe closing troubleshooting issues before when possible and as they come up as necessary. They have the vendors, experience and knowledge to keep a deal together when things go sideways, if it's at all possible.
So, what should the percentage be? Whatever it takes, high or low to get the best possible agent to work on your behalf. Your home represents a huge investment, don't take it lightly. A great agent is worth more than whatever you pay them, but a bad one can cost you way more than just a commission. Best of luck.
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Sat Nov 22, 2014
My NC Homes Team answered:
Less than 2% is my guess and those 2% are either dumb as dirt or institutional buyers purchasing as-is form lenders and there's no option given for a home inspection
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Tue Sep 2, 2014
Kristina Carlson answered:
It is definitely possible to get your closing costs covered when buying a foreclosure, it just depends on the bank. There are a few that allow you to roll your closing costs in the mortgage but unfortunately you will not find out until the offer is submitted to the bank. It is more often than not a lengthy process so make sure you have the time to hear no from a few banks before you get a bite! Ask your realtor to put the closing cost verbiage in the offer and fingers crossed that the lender will accept. ... more
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Tue Sep 2, 2014
Chuck Mauszycki answered:
Sat Jul 26, 2014
Lee Harding answered:
Be careful of expecting to get financing easily even with a great credit score. I have found recently that some banks are now tightening down on employment history with the approval process on mortgages even when you stay within the same field. ... more
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Tue May 13, 2014
Gerald Valdez asked:
I am having to do a short notice relocation because I'm in the military and think I may have to rent our current house out until the market recovers in our area. We will still need to buy…
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Thu Sep 12, 2013
Tony Divan answered:
If you have the address I can verify if any land comes with it.
Thank you
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Tue Apr 2, 2013
KMitzel asked:
I am a first-time homebuyer with a large amount of student loan debt. I also have some credit card debt as well (hopefully will be under $8,000 by the time I graduate and am ready to move).
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Tue Feb 26, 2013
Seth Malott answered:
It is never too early to begin to looking. A majority of the individuals I work with are active duty and I see this quite a bit. I have clients in Texas that aren't ready to purchase until next year and I have already been in close communication with them. If you are a USAA member, there are benefits and incentives for using myself and them when purchasing a home. I would be happy to explain in more detail what those benefits are if you don't mind e-mailing me at your convenience. I look forward to hearing from you!

Seth Malott, e-PRO
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Fri Aug 17, 2012
Ron Quillen answered:
The appraisers are a little backed up, with purchases as well as refinances. I would contact your agent to see what the status is. Good luck!!
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Tue Aug 7, 2012
Judy Rohde answered:
It can really depend on the appraiser that is selected. Some are very busy while others have a little more flexible schedule. We can easily wait 4 weeks in the Rapid City South Dakota area are our market is very busy. The interest rates are awesome making it a great time to purchase a home. It also helps that we live in an area that most people only get to visit. Once the appraisal is done it should just be a matter of a day or so before they hear the results. That also depends on the schedule of the lender. It is always a possibility that the appraiser will require certain repairs to be done. If so, they must be done by closing or an escrow account set up to cover any charges. Real estate is always an interesting job! Judy 605-209-1521 ... more
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Sun May 20, 2012
Eloy Maes, GRI answered:
The problem found in the inscpeciton may not have been known by the selleing agent and therefore under no obligation to disclose it. If the advertisement said as is before the inspection then there was no attempt to hide the condition. Disclosing such conditions in an ad is seldom practiced but should be available with the property disclosure as required by South Dakota State Law, with a few exceptions, if it is available. After the inspection and it is disclosed then the selling agent should make sure the sellers make such condition change on the disclosure forms. It would be okay to say inspection has been completed and is available if it was shared with the sellers or sellers agent. The buyer is under no obligation to share this report with the sellers since it belongs to buyer. Asking for repairs would require sharing that portion which repairs are being asked for. ... more
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