Great question Brie!
There are some good areas in both Minneapolis and St Paul that could meet those needs. I'd be more than happy to give you a tour when you're in the area. I have many ideas around the Grand Ave area in St Paul or along Selby. You might also like many of them in SW Minneapolis...all depends on what kinds of shops and eateries you enjoy. We can talk about it too.
Home inspections are customary during escrows by buyers or even before by sellers so the buyer will know what the outstanding structural issues are with all elements of the house. Unless a contractor or other expert is buying the house, buyers typically cannot assess the condition of the house on their own. In a buyers market, these inspections can be the basis for buyers to seek money, credit, or concessions from sellers for the curing of problems found by the licensed inspector. In a sellers market with competitive bidding by multiple buyers, it is usually much more unlikely that sellers will negotiate over the costs to cure items in the inspection report. Still, if a buyer finds that there are more problems brought to light in the inspection report, the buyer may not be able to negotiate concessions but she can still walk away from the deal.... more
I would need much more information to give you the best answer. feel free to call or email me back.
This is a process that needs to start with an interview to help you decide what your priorities are and what you can afford.
Feel free to call (773) 732-9123 or write me back, davehanna2realtyexecutives.com.
10- 15 minutes on the phone would be a good start.
The choice is dictated by your current financial position and your game plan. I prefer to put down the largest down payment you are comfortable making. It will get you into better rates, no mortgage insurance, and will give you more market leverage with sellers and agents. A simple way to determine the actual cost is to multiply your monthly payment times the number of months you plan to stay in the property vs. a different loan type and down payment. If it's a short term living situation, paying up front points to reduce the rate is not advisable.
I would not put anything up front on a back up. I would offer something like 5-10% to be deposited in my Realtors escrow account only when my offer becomes primary. I hope you are working with a Realtor to guide you on this.... more
Under the Americans with Disabilities Act of 1990 (ADA), businesses and certain government buildings are required to take steps to make their buildings accessible to those who are handicapped. Provisions may include elevators, wider doorways that can accommodate wheelchairs and, in certain cases, wheelchair ramps. Certain exemptions are afforded to buildings on the basis of design or historic integrity. The U.S. Department of Justice has established an easy process for reporting problems.
Older buildings before 1990 have no handicap requirements, however, each state or city can make
up their own laws or requirements and enforce them.... more
You are dead on with being under budget in San Francisco. Unfortunately you will probably not find anything you like in Berkley or near Lake Merritt for that price. If something does hit the market in that range, investors will likely outbid you.
Are you single? Do you make less that $80,000.00 a year? If so, you might be qualified for a few different programs in San Francisco.
David Allen Rivas will consult with you with out obligation of using my services. Born, Raised, live and work right here in the south bay. I have been a real estate investor for over 30 years I am 57 years old and bought my first fixer upper at the age of 21 a four plea and sold it for a large profit. I currently own 10 homes so I know this business well. I also happen to work with the largest Century 21 office in the world at Century 21 MM. You can do some research on me at;
www.SunnyvaleHouseFinder.com, www.ServingSantaClaraCounty.com and www.UltimateHomeRequest.com. This is my town, always has been and always will be.... more
With all due respect, I think this is a foolish/ trick question. If you are above, is that supposed to make you feel less of a person and if it's lower, is it to make you feel good that you were able to move into a nicer area, but don't make as much?
What do you think Alison? I'd love you to share your answer.