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Brooklyn Center : Real Estate Advice

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  • Local Info2
  • Home Buying10
  • Home Selling1
  • Market Conditions1

Activity 9
Tue Jun 11, 2013
Elizabeth Fuller answered:
You would benefit by getting a snapshot view from a good mortgage officer. I work with one I certainly could recommend and we specialize in the Brooklyn Park, Brooklyn Center and the other West/Northwest suburbs. When you qualify for a mortgage, your situation can help you greatly. For example, you may be eligible for community grants and help if you are a first-time buyer. Some specified areas, types of properties, or even designated homes eligible for particular programs. You can assess with your loan specialist whether the VA loan is best or if you would be better off with another product. When income is assessed, your annual or monthly gross is important, and any other loans or financial obligations come into play, too. Email me or call Liz at 612-986-4105. ... more
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Mon Oct 15, 2012
Elizabeth Fuller answered:
I am forwarding your request to my company, the Bridge Realty. I have excellent Spanish speaking collleagues who specialize in your area. Liz 612-986-4105
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Wed Oct 10, 2012
Cameron Piper answered:
cymferrari,

By definition, market value is the established price a buyer is willing to pay a seller without duress. Everything else is someone else's opinion (appraiser, agent, etc.) of value and could vary greatly. In the end you should do independent research to determine the value of the house to you. For example, a buyer with seven kids would be willing to pay a premium for an eight bedroom house, but the couple with only one child, wouldn't see the value in that many bedrooms, and to them that house wouldn't be worth as much.

Keep in mind that if you are comparing the price of properties that were listed and sold by real estate agents, that you should deduct for the commission (take off 7% of the final sales price) to adjust for buying directly from the owner.

Cameron Piper
Coldwell Banker Burnet
licensed MN Real Estate Broker
... more
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Thu Oct 11, 2012
Chris Block answered:
If you have a mortgage on your current home it is DEBT. When you go to buy a new home the lender may see a contract for deed differently than a traditional sale, because YOU are still responsible for paying your mortgage. Those types of land contracts are just wrap-a-rounds. Obviously if you own it outright that is easy.

Check out Charles Daily on Trulia (just search for him in the loan officer section) and he will be more than happy to answer your question. Talking to a loan officer now will make sure you are prepared when next year comes a round.

~Chris
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Thu Jul 5, 2012
Ron Thomas answered:
If your house goes through FORECLOSURE, all liens should be satisfied.
As a rule, the 1st Lienholder will have to take care of the other Liens.
This is too important, for you not to take it to an Attorney;
particularly since N.Y. is a RECOURSE State.

Good luck and may God bless
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Sun May 13, 2012
Anna M Brocco answered:
Why not simply work with an agent of your own who can provide suitable listings, any necessary information, schedule showings, etc. If purchasing with a mortgage be aware that a mortgage pre-approval letter is required in order to determine your price range and for any offers to be taken seriously. ... more
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Sun Oct 5, 2014
Anna M Brocco answered:
Consider contacting any local realty office(s) and inquire about Spanish speaking agents--interview a few agents and choose the one you like best and has the most to offer.
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Mon Apr 5, 2010
answered:
Although you posted this under Brooklyn, Minnesota, it says you are from Brooklyn, NY Karen, so I will answer that. Not sure if you will find a condo, but you could find a co-op in certain areas of Brooklyn for that price. There are a number of agents from Brooklyn who post on Trulia. If they think the same thing that I do, they will post here. I am sure that any of them can scour the market for you and let you know.
Please contact me if you would like information on qualifying for the loan that you might be looking for. Although it is possible to have a lower down payment on a condo, once you account for the increased closing costs, it might allow you to have enough for a co-op.
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Wed Jun 18, 2008
Cameron Piper answered:
Teddy,

Did you have a specific area in mind. Condo dues can be all over the board anywhere from $100/month to $800/month+. If you can provide me with a more specific area of Minneapolis or even a building/couple of buildings that you are interested in, I can get you averages for those areas/building(s).

I hope that helps.

Cameron Piper
... more
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