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Home Buying in Savage : Real Estate Advice

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  • Local Info0
  • Home Buying4
  • Home Selling1
  • Market Conditions1

Activity 6
Donald James, Real Estate Pro in Edina, MN
Sat Feb 16, 2013
Donald James answered:
Nice area. I work with several builders in that area. In addition to the normal CMAs you will want to do a Price / Trend Analysis as well to make sure your investment will grow in the future. ... more
0 votes 3 answers Share Flag
Annette Levi…, Other/Just Looking in New York, NY
Mon Dec 5, 2011
Annette Levinson answered:
Dean,
Is there a tenant in place? If so, most lenders will take 75% of the rent (if it the same or lower then what the appraiser found for the area) and wash it from your PITI. If it is a positive number, it is added to your income. If it is negative it is added into your DTI. For an investment property, don't expect the lender to go over 41% backend.
Jim is correct on the liquid assets you need for the purchase.
... more
0 votes 7 answers Share Flag
Joie Schubert, Real Estate Pro in Savage, MN
Fri Jul 2, 2010
Joie Schubert answered:
Savage, MN. Temporarily NOT Available to Show. Sometimes they are listed this way for many reasons, rehab or fixing parts of the home, after a few showings and had feedback to fix. Could be in financial limbo with buyer/seller and or bank. It could be they went on vacation, either way, a good realtor should be able to find that out for you in one phone call. Joie Schubert, The MLS ONLINE.com. 612-578-9939. I am in Savage, MN and would love to help you. I have a listing on my page in Savage, check it out. It just got freshly painted this weekend! ... more
1 vote 5 answers Share Flag
Fiorella Gro…, Real Estate Pro in Apple Valley, MN
Wed Apr 28, 2010
Fiorella Group answered:
If a buyer is currently selling their existing home, but finds another home that they would like to purchase, you can make what is called a "contingent" offer. This means you and the seller agree that you will purchase the home, but the seller is aware that you have to sell your current home first in order to purchase the new home. Once you sell your home, the contingency is then removed and you work towards closing. ... more
1 vote 6 answers Share Flag
Jackie Stanl…, Other/Just Looking in Burnsville, MN
Mon Aug 18, 2008
Jackie Stanley answered:
You could try to find a rent to own home, which means you rent until you can clean up your credit and then buy. If you go to my web site mnhousebuyer.com and put in what you're looking for I could try to find you such a home. Jackie ... more
0 votes 5 answers Share Flag
Tino Martinez,  in Illinois
Thu Aug 14, 2008
Tino Martinez answered:
We actually can go down to a 500 credit score,
I have been in teh mortgage lending business for 21 years.
call me and we can review your situation and I can give you an answer in minutes.

Tino Martinez
630-835-9044
First Capital Mortgage
... more
0 votes 5 answers Share Flag
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