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Rochester : Real Estate Advice

  • All67
  • Local Info9
  • Home Buying13
  • Home Selling6
  • Market Conditions2

Activity 65
Thu Jun 1, 2017
Mary answered:
Hi,

Thank you for reaching out. I am happy to help you get your listing posted on Trulia.

If you would like to post a rental on Trulia, you will be redirected to use our partner site, Zillow Rental Manager, to list your rental on Zillow, Trulia and other top sites. Please follow this link for instructions on how to post a rental listing:

http://www.trulia.com/post-rental/

If you have additional questions or have issues with posting your listing, please reply back to this email and I will be happy to help you.

Zillow Rental Manger Help:
https://zillowrentalmanager.zendesk.com/hc/en-us

Thank you for using Trulia!

Mary
Consumer Care Advocate
http://www.trulia.com/help/ask/
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Thu Jan 26, 2017
Roxannusc asked:
second pre approval lender from a local bank. The Realtor conveniently had just the loan officer to call. I explained to the loan officer that I just need a second pre approval from…
0 votes 0 Answers Share Flag
Sun Nov 13, 2016
Tbcronen asked:
I am a college student looking for cheap apartments to rent near downtown Rochester.
0 votes 0 Answers Share Flag
Fri Apr 29, 2016
5400weatherstone asked:
Thu Jan 7, 2016
Ryani72 asked:
I am a teacher with a stay-at-home wife and 4 kids, so we qualify for many income driven programs when it comes to mortgage payments and/or loan interest programs, but are there downpayment…
0 votes 0 Answers Share Flag
Sat Nov 28, 2015
Frank Hough answered:
Great question. Many others have explained that it depends on your level of motiviation, i.e. how quickly do you need to sell and therefore how aggressively you price your house. I will just tell you the local statistics as of last month which was October 2015.

In October 2015 the Average Days on Market for Rochester residential homes was 51 days, but the Median Days on Market was just 21 days. I believe the median of 21 days is a much better indicator than the average. It lets us say statistically that 50% of Rochester houses are selling in the first 21 days they're listed.

You can find all this information and more on my website for home sellers, www.rochestersellers.com.
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Sat Nov 28, 2015
Frank Hough answered:
Yes, a single family home in Rochester MN should be a great investment. The rental market here is hot and we have seen rents increase by 30% - 40% over the past five years.

Additionally, it appears that local housing prices are going up quickly now. We can tell this from the local absorption rate which shows whether it's a buyers or sellers market. The absorption rate for Rochester is currently about 2.2 months, which shows that it's very much a seller's market. A balanced market has an absorption rate of 5 - 7 months according to the national association of realtors. A low absorption rate is an indicator that housing prices will be going up.

www.rochestersellers.com
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Sat Nov 28, 2015
Frank Hough answered:
Great question. In the past 12 months the average sold price per finished square feet in Rochester was $159.33. This information came from our local MLS. The cost looks so high because this is only per finished square feet, and most new construction in our market has unfinished basements.

www.rochestersellers.com
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Thu Oct 1, 2015
Josh Lund answered:
Hello Carolann,,
Good afternoon.
Are you still in the market to purchase a home? If so, I would love to see if we can help you out. We can do loans down to 600 Credit Score. We also don't need 3 trade lines like many banks require. I would like to see if I can help you out with a home mortgage. I will try and make this a very easy process. Please let me know how to help out.
Thanks much.
Josh Lund
MN District Branch Manager
NMLS # 387408
Gold Star Financial Group
Mobile: 612.802.3265
Office: 952.884.5442
eFax: 877.666.0007
jlund@goldstarfinancial.com
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0 votes 2 answers Share Flag
Thu Sep 10, 2015
Lois Marris answered:
It's tough to forecast an annual appreciation rate for this neighborhood because the homes vary quite a bit in age, price and condition. It is a vibrant area, close to downtown Rochester with an active neighborhood association. The 61 homes sold to-date in 2015 have ranged in price from $19,900 to $153,900 with an average Days on Market (DOM) of 65 days and an average sales price of $108,978. That's a bit higher DOM and a lower average sales price than some other downtown Rochester areas, such as Kutzky Park, but is still very good, healthy sales activity. During the same time last year (Jan-Sept), Slatterly had 53 homes sell ranging in price from $34,200-$163,200, 53 DOM and average sale price of $103,573.

Homes in the Slatterly Park area are usually built between 1920-1960 with some as old as 1890 and some as recent as 1970s. Most homes have about 1200-1800 finished square feet but you will find some large American Four Square style homes here too.

If you just compare the average sales price it seems Slatterly homes have increased in value year-over-year but sales price is always just part of whole story. That average sales price gets artificially pulled down too easily when one of these lovely older homes gets neglected for too long and then is sold for the price of the lot.

The neighborhood association has done wonders for the area and pride of home ownership shows in most homes. I personally love this area and the classy older homes. For more information on the Slatterly Par area you can visit our blog at http://davidandloismarris.com.realproserver.com/Blog/Slatterly-Park-Neighborhood . You’ll find links to the association website and more information on the park, schools and crime reports.
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Wed Sep 9, 2015
Josh Lund answered:
Hello mt4,
Good afternoon.

Yes you can. We would like to see if we can earn your trust and business. Let's see if we can help you out. . I will try and make this a very easy process. Please contact me.
Thanks much.

Josh Lund
MN District Branch Manager
NMLS # 387408
Gold Star Financial Group
Mobile: 612.802.3265
Office: 952.884.5442
eFax: 877.666.0007
jlund@goldstarfinancial.com
... more
0 votes 3 answers Share Flag
Fri Aug 21, 2015
Ajlmama answered:
This website might help:

http://www.ci.minneapolis.mn.us/www/groups/public/@regservices/documents/webcontent/convert_267078.pdf
0 votes 12 answers Share Flag
Tue Aug 11, 2015
Josh Lund answered:
Hello dc.53527,
Good afternoon.
I think that specific area is going to go up 5 to 15% in my opinion. The Mayo Clinic and new construction downtown are the drivers here increased values. Are you still in the market to buy a home? If so, I would love to see if we can help you out. Do you have a realtor yet? If not we have preferred ones we can get you in contact with. I would like to see if I can help you out with a home mortgage. I will try and make this a very easy process. Please let me know how to help out.
Thanks much.
Josh Lund
MN District Branch Manager
NMLS # 387408
Gold Star Financial Group
Mobile: 612.802.3265
Office: 952.884.5442
eFax: 877.666.0007
jlund@goldstarfinancial.com
... more
0 votes 1 answer Share Flag
Mon Aug 10, 2015
Josh Lund answered:
Hello Cass_trav3,
Good morning.
Hope you had a great weekend. This could be a construction loan or maybe a rehab loan. When are you looking to do this in Rochester, MN? I would love to see if we can help you out. I will try and make this a very easy process. Please let me know how to help out.
Thanks much.
Josh Lund
MN District Branch Manager
NMLS # 387408
Gold Star Financial Group
Mobile: 612.802.3265
Office: 952.884.5442
eFax: 877.666.0007
jlund@goldstarfinancial.com
... more
0 votes 1 answer Share Flag
Wed Jul 29, 2015
Josh Lund answered:
Hello richrest.arch,
Good morning.

Did you ever find your furnished apt or home? Which do you prefer? Are you still in the market to buy a home or rent? If so, I would love to see if we can help you out. We work with 1st time home buyers all the time. Do you have a realtor yet? If not we have preferred ones we can get you in contact with. I would like to see if I can help you out with a home mortgage. I will try and make this a very easy process. Please let me know how to help out.
Thanks much.
Josh Lund
MN District Branch Manager
NMLS # 387408
Gold Star Financial Group
Mobile: 612.802.3265
Office: 952.884.5442
eFax: 877.666.0007
jlund@goldstarfinancial.com
... more
0 votes 1 answer Share Flag
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