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Home Buying in Robbinsdale : Real Estate Advice

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  • Home Buying5
  • Home Selling2
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Activity 3
Thu Sep 30, 2010
Joe Houghton answered:
You don't have earnest money tied up do you? Making that offer almost a year ago and not having an answer sound outrageous to me. Eight months is the longest I've ever had to wait on a short sale and that was three years ago and there were 3 mortgages on the property, the listing agent had way too many listings and very little support and was trying to negotiate the sale herself. Did you have outside representation or did you go straight to the listing agent? Not having your own representation is a mistake many buyers make. If you would like to discuss this further I would be more than happy to as long as your not under contract with another Realtor. Without seeing the contract and knowing the full story it's hard to give you specific advise. I doubt there is much recourse but there might be something we can get you this property and to possibly even get it for less than your offer from a year ago. ... more
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Wed Oct 28, 2009
nouk haschka answered:
Jessica,

Have you bought yet?

If you are talking about bank owned properties, yes, they do go very fast. Investors are very smart, they check through a Fannie Mae website and often times know about the properties even before they go on the market. They also pay cash. Banks/lenders like cash because they can close and seal the deals in two weeks. Often times, the listing agents will price it so low to lure more buyers to the properties, thus creating a frenzy and multiple offers. But always know that the banks/ lenders will take a low cash offer over a good conventional loan. ... more
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Sat May 23, 2009
Reuben Saltzman answered:
As a licensed Robbinsdale Point-Of-Sale Evaluator, I can tell you that these repairs are not building code violations; they're housing code violations. Things like a dumpster sitting in the driveway would be an eyesore for your neighbors - and so would just about everything else you listed.

These items are not all that important when you look at just one item, but when you add them all up, it sounds like this house is in a major state of disrepair. The purpose of the housing code is to prevent properties from staying in disrepair, and from lowering the overall value of homes in that city.

As for the basement bathroom, obviously you'll need to talk to the city, but in just about every case they'll let you abandon the project as long as any loose ends are tied up. For instance, no wires hanging out, not uncapped waste pipes, no water supply pipes hanging out... etc.

Will you be getting involved with a hard to please inspector? Doubtful... but if you can't afford to do things like removing the dumpster from your yard and fixing the rest of the exterior eyesores... well, then you can't afford the repairs.

I'm sure the stuff that you find less important is the only stuff that matters to your neighbors, and that's what housing inspections are all about.
... more
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