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General Area in Hennepin County : Real Estate Advice

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  • Home Buying7
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Activity 23
Fri Aug 2, 2013
Anna M Brocco answered:
When it comes to any safety/crime related issues, it's always best to contact the local police department with all your questions, hear all there is to hear firsthand. If unfamiliar with the area(s) do revisit more than once and at different times of day, possibly chat with locals/neighbors. Real estate professionals are prohibited from steering, enticing a buyer to purchase/rent, or not, in specific neighborhoods.
http://www.neighborhoodscout.com/
https://www.crimereports.com/
http://www.homefair.com/
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0 votes 5 answers Share Flag
Tue Nov 15, 2011
Jerry Young, Broker answered:
Marky,
I assume that you mean sit in homes that are for sale that have not sold. There was an opportunity for this to happen in the past 3-4 years, especially with builder's homes. The market has changed this year with a 35% increase in sales in the past few months. The prices continue to drop however. The demand is not as great for a house sitter any more and I have not witnessed much of that happening anymore, Jerry ... more
0 votes 2 answers Share Flag
Sat Dec 11, 2010
Christopher Lefebvre answered:
My wife and I visited some cabins on the Gunflint trail in northern MN once. It was so nice up there! It was summer though : )
0 votes 8 answers Share Flag
Sun Aug 17, 2014
Maria Morton answered:
BPO = Broker's Price Opinion. This is something we do to help determine a home's value. As a new agent, you may want to get a little experience under your belt so that you can develop the ability to accurately price homes. Your broker could help you learn about this. ... more
0 votes 9 answers Share Flag
Fri Oct 22, 2010
Steele V. Propp answered:
There are similar neighborhoods near Lake Nokomis as well as in Edina. Not to mention the Mac Groveland and Highland neighborhoods of St. Paul. As a relocation specialist I would often show these areas as well to those interested in Linden Hills.

Best wishes.

Steele V. Propp
Schatz Real Estate Group
steelep@aol.com
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0 votes 15 answers Share Flag
Sun Jun 20, 2010
Anna M Brocco answered:
Unfortunately, Federal Fair Hosing Laws prevent an agent from answering--do some of your own homework first by visiting areas more than once and at different times of day. For any safety concerns, your best source of information is the local police department, call/visit and ask all your questions, they'll gladly help. ... more
0 votes 7 answers Share Flag
Tue May 31, 2011
Kathy Weber answered:
Mamaneedshelp,

My advice is to go under "Find a Pro" under the tab on Trulia.

Research the agents listed and review their profiles.

I'm sure any one of those professionals will be able to help direct you and your daughter to a safe environment for living.

Best of luck!
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0 votes 3 answers Share Flag
Tue Oct 20, 2009
Aaron Dickinson answered:
Condition and type of sale is the difference. The house @ $14,900 likely has no copper plumbing and MANY work orders and is a bank selling as-is. Houses in good condition and with good features still sell for much better prices but location in any Minneapolis neighborhood is key... a few blocks can make a huge difference in pricing.

North and Camden have both been hit VERY hard by foreclosures and that has brought down prices dramatically but there is still a difference between foreclosures and traditional sellers and so you are right, there are two different price points.
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Thu Mar 19, 2009
Jason Tangen answered:
I would contact the local sherriff's department:

http://local.yahoo.com/results?stx=sheriff%27s+dept&csz=55445
0 votes 2 answers Share Flag
Fri Jan 23, 2009
Metropolitan Home Team answered:
Richard,

I work exclusively with buyers on the purchase of Foreclosure and Short-Sale purchases. I strongly recommend that you don’t work with the listing agent because their client is the bank and that is where their loyalties lie. When you work with me you have a much stronger negotiating position and will be able to get a better price for this home. I would be happy to help you write an offer on this property. If you would like to ask me any question or set up a time to meet please feel free to call or email me anytime. Below is my Guarantee to all my clients when they work with me.

$10,000 Savings on Your Home Purchase Guaranteed or I’ll Pay You $1,000


Tim Murphy
Re/Max Results
Cell: 612-508-5389
Email: TimMurphy@JohnsonMurphyHomes.com
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0 votes 5 answers Share Flag
Wed Sep 3, 2008
Larry Story answered:
Rick you can contact you state real estate commission if you feel there was an ethics violation. You might first call or write the agent and ask them about it.

Hope this helps,
0 votes 10 answers Share Flag
Sun Aug 24, 2008
Scott Hutchinson & Sean Sovis answered:
Good morning JP,
Your questions is pretty broad; however, I would recommend sitting down with your realtor to discuss past, present, and future trends in "Oxbow Creek". He or She will have it at their finger-tips. If you are not working with an agent, please feel free to email.

Thanks,

Scott Hutchinson
Coldwell Banker Burnet
smhutchinson@cbburnet.com
www.hutchinsonandsovis.net
612 396-0692
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0 votes 3 answers Share Flag
Fri Dec 16, 2011
Todd Norsted answered:
Hi Chris...

I'd love to tell you exactly myself of the cime statistics in Golden Valley, however, as a licensed agent, my license will not allow me to do so. Here is the best place to find all the stats, though!

http://www.ci.golden-valley.mn.us/publicsafety/crimemaps/'

Golden Valley is a great place to live!

I hope this helps!

Thanks, Todd Norsted
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0 votes 14 answers Share Flag
Tue Apr 29, 2008
Brian Marcus answered:
I live in Maple Grove and am a realtor. I am typically not a fan of the townhome market. However, I recently was talking with an appraiser and he stated that surprisingly the Maple Grove market was holding its own in regards to values in townhomes. I live in a higher end twin home and his appraisal was right on with his statements. If I can help you at all give me a call as I know this area backwards and forwards and can tell you if it is a good deal or not. 612.730.2619 brian ... more
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Tue Apr 29, 2008
Mary answered:
it is a road in wayzata that is on the west side of the park and lake in down town wayzata
0 votes 3 answers Share Flag
Thu Jan 3, 2008
Aaron Dickinson answered:
It can vary widely depending on if you're doing the work, a handyman, or a general contractor. Further, finishes can vary the price dramatically as well. If done professionally, you could easily spend $30 per sq. foot on the livable areas... you could get away cheaper on the store room...

Things I think are important to keep in mind:
Ceiling height around ducts & plumbing
Making sure you have enough hvac & electrical
Natural lighting (i.e. an egress window or two)
Maybe another bath (depending on if you have 1 or 2 already)
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Sat Dec 15, 2012
Metropolitan Home Team answered:
Mitch, I have helped several investors and first time homebuyers purchase duplexes in the Minneapolis Uptown area. I would have to say that it is a great investment if you get one for the right price. To answer your question the average rent varies depending on how close you are to Hennepin and Lake. The closer you are the higher the rental rate. I would say you can expect to get from $500 per bedroom to $850 just depending on location and condition.

If I can give you some words of advice; be very careful to make sure your investment is going to cash flow. This will obviously depend on how much money you are going to put down, but you want to make sure your purchase cash flows especially if you are not going to be living in either of the units. You also want to make sure it cash flows because duplex values are going to continue to decrease for the rest of 2008 and possibly into 2009.

If you have any other questions please feel free to call or e-mail me. Click on the web reference below to get my contact information and also to view the Free reports and buyers guide we offer.

Good luck!
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0 votes 8 answers Share Flag
Sun Sep 30, 2007
David Rivera & Sheila Small answered:
Hi Heather,
In which city is the Park Ave. to which you are referring?
0 votes 2 answers Share Flag
Tue Nov 23, 2010
Katie Roach answered:
Nokomis neighborhood is cool with the lakes and close to 62 and 494 and the mall of america. Lot of walkers, bikers and younger feel.
0 votes 10 answers Share Flag
Fri Sep 4, 2009
Jim Walker answered:
As part of your due diligence period after acceptance of your contingent offer the seller is required to get copies of the HOA annual operating budget, along with minutes of recent meetings, copies of rules and bylaws, disclosure of any litigation by or against the HOA, and several other items. Your offer should include a contingency clause that you receive and approve of these documents within a short time after the acceptance of your offer. Sometimes these documents may be available to you even before your offer is formally accepted. It doesn't hurt to ask. Because there may be an expense involved in getting these disclosures to you, The seller and the agent will want to perceive that you are a serious buyer. Depending on the HOA these fees may include building insurance and maintenance, snow removal, landscaping, garbage removal, reserve accounts for future big ticket maintenance items such as roof, siding, parking lot. accounting fees, consulting fees, office supplies. There may be community areas, billiards, ping pong,and exercise equipment, tennis courts, swimming pools. If excessively high - the dues may also be paying for some past, ongoing or future litigation, maintenance above originally projected or even mismanagement. Some HOA's have been victimized by fraudulent contractors and have wound up paying for repairs twice. If HOA dues are particularly highcompared to other condo associations with the same level of amenities and services then you should be able to negotiate an appropriate discount from the purchase price to compensate for the higher future monthly costs.

My theoretical example would be: Condo A has $300 per month dues and Condo B has $200 per month dues. In all other respects the condos are equally desirable. You discover that the reason for the higher dues is that condo A just repaved the parking lot, but did not have a reserve to pay for it.. The HOA borrowed the money and is now paying it back with 2 ears left on the loan. Condo B HOA also has repaved their parking lot, but paid for it out of reserves built up over previous years.
Because you will be paying the extra $100 per month for two years you should be able to buy the equally desirably condo A for about $2400 less than you could buy condo B.
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0 votes 9 answers Share Flag
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