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55445 : Real Estate Advice

  • All5
  • Local Info3
  • Home Buying1
  • Home Selling0
  • Market Conditions0

Activity 482
Thu May 17, 2012
Stephanie Fox answered:
Sorry, but it's against the law for licensed real estate agents to comment about safety if you are referring to crime statistics. We can only comment on the physical aspects of the property. I'm sure all the other agents will tell you the same thing. However, you can check these statistics online or you can call the local police precinct. They can answer your questions. ... more
0 votes 5 answers Share Flag
Tue Jun 30, 2015
Dan Warnest answered:
The best thing to do is sit down with a licensed Realtor such as myself. I can go over the first steps in the process and get you linked up with a great financial expert. See my website, or feel free to give me a call. My number is on my site. I look forward to serving you!
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Tue May 1, 2012
Danny Dietl answered:
If the loan is FHA it may be transferable, but you would have to qualify. Be very cautious when searching this kind of thing on craigslist. I can not imagine a scenario where you would not have to qualify. ... more
0 votes 7 answers Share Flag
Tue Jun 11, 2013
Michael Emery answered:
Without knowing your specifics, generally closing costs come in at around 3 percent of purchase price. But it could be higher if you purchased points to buy down the loan. Usually on the sellers closing costs form it says seller will pay UP to $5,500 or UP to 3 percent of closing costs - depending on the agent that wrote the document. So if there is any money left over that is unspent by closing, that money will revert back to the seller. So make sure you spend every dime of your closing costs.

Ask your agent to do a buyers closing cost worksheet.This is going to be approximate as the HUD1 is the final determining document for closing costs. You will also find out a day or two prior to closing what your costs will be when you receive the HUD1 statement from your lender.
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0 votes 8 answers Share Flag
Wed Jul 15, 2015
Deb Johnson answered:
As long as you are legally married, he will have 50% ownership in any property you purchase. The laws are very clear on this in the State of Minnesota. However, if you are on good terms and he would agree to Quit Claim the deed to you upon the finalization of the divorce, it could work. This is more of a legal question, so I would consult your divorce attorney before entering into any purchase agreement. However, if you have any additional real estate questions, please feel free to contact me direct. Deb J at 612.701.8771. Good luck. ... more
0 votes 11 answers Share Flag
Fri Apr 27, 2012
Lisa Staplin answered:
Everyone has a different idea of what they consider to be 'safe'. As an agent, I can't make that determination for you, but can direct you to resources that will let you know what's going on in any specific neighborhood. ... more
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Wed Oct 16, 2013
Ben Johnson answered:
I am involved in 6 to 10 transactions a month and can tell you that it is very common for sellers to contribute to a buyers closing costs.
0 votes 15 answers Share Flag
Thu Apr 19, 2012
House Geeks answered:
What is the listing are you looking for amenities around? I have a great link that will show you all of that and more you just need a property address.

Kirk Duckwall
The Duckwall Team of Realtors
Edina Realty
Cell 651-303-0019
Tune in to our Twin Cities Real Estate Radio Show Sundays at 10am on AM950
... more
0 votes 5 answers Share Flag
Mon Apr 16, 2012
Erin Joynt answered:
Hi Jeff. Usually, when you are purchasing from a builder, you should be going in with your agent or mention that you are working with an agent right away. Most builders will not pay an agent if you did not bring them with you or let the builder know that you are working with an agent, especially if you sign an agreement before bringing a buyer's agent into the picture. I am answering from a Colorado perspective, so you might want to double check with a local buyer's agent just to be sure. ... more
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Fri Apr 13, 2012
Nina Harris answered:
When it involves a foreclosure normally it is sold as an "As Is". You can back out provided that you did not sign a contract and leave a down payment.
0 votes 11 answers Share Flag
Thu Dec 18, 2014
Lisa Staplin answered:
Everyone has different levels of what they feel is "safe". I always recommend that my clients research this on their own.

The City of Minneapolis has a great resource on their website. I would start there, and then also check with the local area newspaper. ... more
0 votes 7 answers Share Flag
Mon Jan 19, 2015
Tim Moore answered:
Get an estimate from a contractor to repair the problems and submit it to the sellers. Your options are to ask for price reductions or for them to make the repairs before you close.

You should be asking your Realtor. ... more
0 votes 9 answers Share Flag
Mon Oct 8, 2012
Rick Thram answered:
Good morning, I didn't catch what city you're moving to? Are you renting or buying a home? Let me know...

0 votes 9 answers Share Flag
Fri Mar 30, 2012
Donald James answered:
Tue Mar 27, 2012
Kris Lindahl Team answered:
Go to the home and ask the seller if they are trying to rent the home. If the home is vacant request the seller meet you at the home with proof of home ownership (Closing documents, mortgage statement, drivers license, etc.). ... more
0 votes 1 answer Share Flag
Sun Apr 20, 2014
Dan Warnest answered:
We continue to see a trend of homes in excellent condition bringing the highest sale price and shorter time on the market. The homes in great condition make them sought after, and will help keep resale value high down the road. ... more
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Mon Apr 16, 2012
Angel Calzadilla answered:
When you look at buying a townhouse in a planned community, you first have to know what you're buying - how the house is deeded.
There are two types of ownership...
1. Fee-simple. This is the type of deed 98% of single homes have. The deed covers both the land and the structure.
Many townhouse communities have HOAs (Home owners Association), and membership in the HOA is specified as mandatory in the deed.
Fee-Simple HOA.

You are responsible for all repairs to the exterior of your house...because you own the outside of the structure.
The HOA usually owns common ground outside of homeowner boundaries, either open space or often things like a pool, tennis courts, playground. These facilities are run by the HOA, and your HOA monthly dues pay for expenses, wether you use those facilities or not.
Also, the HOA may or may not have blanket contracts for things like landscaping, trash collection and snow removal.
The HOA may also have architectural guidelines that specify what you can do outside of the house(yes, on your property) as to plantings, paint colors, additions, etc.

2. Condominium.

Your deed gives you ownership of the interior of your house...from the studs in. The Condo association owns the land and the outside of the house..roof, decks, patios and outside walls.

The condo association, which you automatically belong to, collects fees and negotiates contracts for all common areas and things like the pool, etc.

One of the big differences, as far as quality of life, is the fact that your front and back yards are common property in a Condo - and people can and will walk through your yards.

In my opinion there is nothing like a well maintained single family home and much more when one is a financially conservative individual or couple.
... more
0 votes 12 answers Share Flag
Tue Mar 27, 2012
Steven Hong answered:
If maintenance is a concern, by all means go newer. I just ran a quick search and there are over a dozen homes in those areas that are 1990 or newer. I would be happy to email you the list with no obligations. Drop me a line if you are interested. ... more
0 votes 7 answers Share Flag
Tue Mar 27, 2012
Donald James answered:
Hi Tony,

Great questions. This is a conversation you should have with your financial planner as well as Realtor (maybe together). There is not a one-size-fits-all answer.

Mortgage money is cheap now so many buyers go with a lower down payment. Some of my buyers make a larger down payment so their monthly mortgage payment is comfortable for them. ... more
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Tue Mar 27, 2012
Kris Lindahl Team answered:
I would recommend you check the corrections website for crime statistics.
0 votes 1 answer Share Flag
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