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55347 : Real Estate Advice

  • All10
  • Local Info0
  • Home Buying6
  • Home Selling2
  • Market Conditions0

Activity 40
Sat Mar 30, 2013
Dan Tabit answered:
Thanks for asking this question and being concerned for your previous agent's welfare. The answer is, no it's not wrong unless you signed a buyer's agency agreement with that first agent. The fact that the landlord killed the deal was tough on you and your agent. That the agent loses you as a client is tough, but you've given them a fair chance.
Buying more than you can reasonably afford can be dangerous. Working with someone local that hears what you are saying and more importantly respects that is great. If you haven't signed a buyer's agency agreement then go ahead and change agents. Before you go with the next agent you meet however, do some homework, get some referrals and work with someone you can put your trust into. This is a huge investment of you money and your life for several years. Choose the best agent you can to work with and you'll be better off for it.
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0 votes 8 answers Share Flag
Sat Mar 30, 2013
Keith Jean-Pierre answered:
Maintenance costs are completely subjective depending on usage of the utilties. One person in a 2000 square foot townhouse can run a electric and heating bill for $200/month and the other can be at $350/month in the same home. I am currently in a comparable residence and live alone and pay around $150-$200 a month for heat, water, sewer, and natural gas. ... more
0 votes 4 answers Share Flag
Wed Apr 9, 2014
Donald James answered:
Hi Eric,
I work with investors who are looking for the same house as you to remodel and sell at a profit. You are looking for the same home, although it sounds like you want to live in it. There are several programs available for buyers like you right now. One local city will contribute up to $50,000 toward your project. I can help you with property selection, finance, and have a number of reputable contractors I can introduce you to. It may be worthwhile to meet for coffee. Please call me anytime if you have more questions. Thank you. ... more
0 votes 10 answers Share Flag
Sat Mar 30, 2013
Anna M Brocco answered:
Ask people you may know for referrals; or consider interviewing in person a few local agents from different realty companies, then choose the one you like best.
0 votes 5 answers Share Flag
Tue Jul 10, 2012
Jennifer Sexton answered:
Good evening,

There are many homes available with the criteria you asked about. I would welcome to the opportunity to speak with you to narrow down the search to the perfect home for you.

As a Life long Burnsville resident and agent, I would be happy to show you why Burnsville is a lovely area to live. However, I can accommodate any of the areas you mentioned.

Jennifer Sexton
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0 votes 5 answers Share Flag
Mon May 21, 2012
Christopher Block answered:
Oooh Splits are my specialty!

At the end of the day it is all about what we call "neighborhood conformity" and ensuring that the master bathroom will pull more value for the home (once I know how much it is going to cost you) versus keeping the 3rd bed upstairs. At certain price points 3beds on one level will pull a very good price, where as the lower price points (under 170k) it usually does not matter because a lot of its competition does not have this feature either. The splits will just have 2beds up and 2beds down with a full on main floor and 3/4 in basement.

So essentially it is all about the trade off in your specific market. I would need to know the property address to tell you one way or the other.

Are you taking on this project and planning on staying in the home long term or planning on moving soon? If you would like some free help just contact me through Trulia and I would be more than happy to help.
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0 votes 1 answer Share Flag
Mon May 14, 2012
Valerie Rydland answered:

I am a realtor in Eden Prairie. I am not bilingual however I have an assistant who is and can help with the process! I specialize working with buyers and have worked with many first time home buyers.

Call me and we can discuss the process!

Valerie Rydland
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0 votes 5 answers Share Flag
Mon Oct 17, 2011
Laura Feghali answered:
Hello Bobsteel,
You need to continue to pay the rent to your landlord even if he is losing the home as your lease contract is with him; not the bank.
If you do not pay your rent, then you may be subject to late fee fines or even eviction. Check your lease to determine the ramifications.
The owner's lender or a real estate agent representing the bank will contact you when the time comes for you to vacate.
Good luck!

Laura Feghali
Prudential Connecticut Realty
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0 votes 5 answers Share Flag
Wed Apr 18, 2012
Suzanne Bownik answered:
Yes, typically the short equity sale is a lengthy process. You will want your agent to make sure either they have experience negotiating short sales or are using a negotiator/attorneys services to get it done. From the Buyers perspective, you need to find a home you are willing to wait for and stick it out. On the sellers side, there is alot of information and documents being collected to see that they qualify in their mortgage holders eyes for the short equity sale. It is never a ... more
0 votes 35 answers Share Flag
Tue Aug 30, 2011
Debra (Debbie) Rose answered:
Cal - truthfully, due to anti-trust laws, agents should not discuss specific commissions in a public forum.

Your best option is to call a few local agents and see what their commission structure is. Also see what it is they will do as far as marketing your home.

Today, there are a variety of business plans out there....from flat fee, a la carte plans.... to a range of commission plas in which the listing company shares a percentage of the commission with buyer agents.

Interview a few local agents.........or stop in a few agencs in your area.
Best wishes.........
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0 votes 13 answers Share Flag
Thu Jun 30, 2011
Anna M Brocco answered:
If the broker owner is not releasing you, consider asking to be assigned another agent from within for the duration of your agreement.
0 votes 12 answers Share Flag
Tue May 17, 2011
Carl Henker answered:
You will need to supply your discharge paperwork (showing the judgement discharge) to the credit reporting agencies and ask for your file to be corrected. Your lender/loan officer should be providing direction and assistance with this issue. ... more
0 votes 3 answers Share Flag
Sat Dec 4, 2010
Dp2 answered:
Tue Aug 31, 2010
Scott Hutchinson & Sean Sovis answered:
Steve, owner of Wooddale builders does a great job...25+ years and is in the E.P area. If you want his contact information, let me know.

Scott Hutchinson

Edina Realty (search all "MLS" listed properties)

Lakeville / Burnsville Office / Real Estate

Real Estate Blog:

C: 612 396-0692
F: 952 892-7163
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0 votes 1 answer Share Flag
Thu Jul 8, 2010
Valerie Rydland answered:
The homes are more reasonable in that area due to the age of the homes. There are many nice neighborhoods for raising kids in Eden Prairie. The best way to find what you are looking for in a neighborhood is to drive the area at different times of day and talk to people when you see them out. ... more
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Fri Jun 14, 2013
Joan Braunschweiger answered:
Manuela, I am not from Minnesota but I do know it gets very cold.

So I am going to make a guess here and say that yes, it could hurt resale value. How much, I have no idea.

I think you have to look a number of things, such as how long are you planning on staying, do the other houses in the neighborhood have the same issue, and will it be an issue for you when you have to go out in the elements during various times of the year.

That's probably all the advice this non-Minnesotian can tell you.
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Sat Oct 4, 2014
Dan Chase answered:
Often you will find there is under a 10 year payback from heating bills being reduced. Perhaps 5 years or so. That means even if the price is high for replacement it really is low.

I have read that a/c also can pay for itself in a reasonable length of time as the new is so efficient compared to the old. Also, the new refrigerants are cheap and the old is both expensive and not legal to make more of. That means it will cost more in the years ahead to repair and recharge if needed.

Also, different houses have different BTU needs for the hvac. The best thing is to ask a retailer and installer near you what it would cost. They should give a free quote. The difference in size of equipment needed could mean thousands of $$$ difference. PLUS the quality and warranty involved is likely to bring prices higher.
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0 votes 9 answers Share Flag
Wed Apr 18, 2012
Brad Anderson answered:
We would need more specific information. In general it comes down to what you want. New is nice, but there are more cost's, such as window coverings. If you have children, a yard is a great thing to have. Good luck. ... more
0 votes 9 answers Share Flag
Fri May 28, 2010
Steele V. Propp answered:
All we can give you is personal opinion and observation. From that standpoint, I would live there myself. Have several friends and clients who live in the area and like it alot. FWIW.

As for crime free, I don't know if there is such a thing. Very low crime, yes. And that is something you should check yourself by calling the local police department.

I always recommend visiting the area at different times of the day to become familar with the neighborhood.

Good luck. I think you would like it there. But again, a personal opinion based on my own experience.
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0 votes 5 answers Share Flag
Sat Oct 4, 2014
Ryan Bretzel answered:
There is some great websites like Where you can search for school rankings in different cities.

I think what would be really helpful for you is to sit down with a realtor and talk about your needs and wants so they can help you and put together a game plan to best fit your needs.

If you would like to meet just give me a shout! I'm a full time buyer's specialist.

Ryan Bretzel
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