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Saint Paul : Real Estate Advice

  • All177
  • Local Info27
  • Home Buying67
  • Home Selling9
  • Market Conditions5

Activity 176
Wed Oct 15, 2008
Cameron Piper answered:

In the 1920's the attics were not intended to be occupied space and as such the access to them could be found anywhere. It wasn't until more recent times that people began to see the potential to finish them and add living space thereby redefining their original purpose.

It is also very possible that the bathroom has been relocated in the units you have been looking at. Investment property in particular is notoreous for ill fated additions and renovations.

Cameron Piper
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0 votes 2 answers Share Flag
Sun Nov 17, 2013
Aaron Dickinson answered:
Well first off, do you have SIGNIFICANT equity in your house? Most sellers I see offering CDs have little to zero equity, which makes me wonder how they think they can sell their house.

You may know all this, but most don't so I'll use it as a learning opportunity for the rest:

A Contract for Deed gives the Buyer legal rights to the property beyond "rent to own" or simply renting. A CD is similar to a mortgage in many respects. There are differences but I don't want to go through all the nuances.

The biggest thing is that if you have a current mortgage, selling your home as Contract for Deed typically causes the "due on sale" clause of your mortgage to come due, which allows the mortgage company to demand immediate payment in full.... OUCH!

Buyers are nervouse buying a CD on a house with an existing mortgage since if the seller doesn't pay their mortgage, the new buyer could wind up losing the house when the bank (which is in 1st lien position) forecloses on the house... also an OUCH.

If you are "free and clear" on the house, then to answer your question, the rate is largely dependent on terms such as down payment, length of contract, credit history of the borrower, purchase price, etc. 1% or more above market rate is not unreasonable in many circumstances.
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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
Sat Sep 13, 2008
Aaron Dickinson answered:
Talk to your agent... usually they have 2-3 good ones to talk to. My clients go with my recommendation most of the time and I've been using the same couple guys for years.
0 votes 6 answers Share Flag
Wed Aug 27, 2008
Teresa Boardman answered:
I have a client who lives in the building and she loves it there. I also have a unit on the market. The seller doesn't want to be tied down to any real estate. He wants to sell and rent becasue it fits his life style better. ... more
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Mon Nov 9, 2015
Dallas Texas answered:
Short sales use to take 30 -45 days from executed contract to close. Today they are taking much long banks are extremely overwhelmed short of staff. I would recommend to keep looking you can submit other bids on properties SO IF this does not work out you not lost time. NOTE: All foreclosures/ short sales I have been a listing/buyers agent they always have drama. It has nothing to do with your agent(s) the bank
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0 votes 16 answers Share Flag
Tue Jan 15, 2013
Aaron Dickinson answered:
It all depends on the terms of the offer as you wrote it. Without seeing the contract, we can't give you any direct advice.

My suggestion is to call your agent's cell phone or the person handling their business when they are out of town. In most cases he/she will still be able to give you a timely response. ... more
0 votes 8 answers Share Flag
Thu Feb 26, 2015
Cameron Piper answered:

There are three factors that will determine the salability of your home.


All three factors must be appropriately balanced in order for a home to sell. They are based on an inverse relationship, so if ones moves in a positive or negative direction, one or both of the remaining factors will need to adjust in the opposite direction.

I would look hard at your price. Downtown WBL is a very desireable area but you have been at the same price for 8 months. It also seems like you did a bit of work on the house, you may have also overcalculated the value of that work.

Please let me know if you would like me to take a look at your home and give a more detailed opinion. I work with the White Bear Lake office of Coldwell Banker Burnet.

Cameron Piper
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0 votes 19 answers Share Flag
Thu May 10, 2012
Aaron Dickinson answered:
I am not an attorney so this is not legal advice, but I've always heard that an unwritten lease is considered month-to-month and only requires 1 month's notice to terminate. Regardless of the home's situation though, you are required to abide by the terms of a lease you have agreed to, so simply stopping payment is not right.

Again, I am not an attorney and this should not be considered legal advice. Please consult an attorney.
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0 votes 7 answers Share Flag
Mon Jun 2, 2008
Aaron Dickinson answered:
I cannot speak directly to the appraisal issue as I am a real estate agent and not an appraiser, but I'd argue it really depends on the neighborhood. Some neighborhoods are 30%+ foreclosures and some are 3%. As such, if a significant portion of the comparables in the area are recent foreclosures and they truly are comparables, then they need to be provided some amount of consideration but should have a price adjuster for condition/distress of sale. In neighborhoods where foreclosures are the exception vs. the rule it seems unreasonable to use a foreclosure as a comp. ... more
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Thu Jun 12, 2008
Teresa Boardman answered:
Look it up on this screen
0 votes 4 answers Share Flag
Thu Jun 19, 2008
Leigh Garnett answered:
Explain to them just what you said above. If that doesn't work, then contact his or her broker and tell them . Your buyers agency agreement is with the agents brokerage not just the agent. At least that is how it works in the state that I reside. ... more
0 votes 24 answers Share Flag
Tue Jul 23, 2013
Jason Tangen answered:
This ought to be funny. I'd be willing to bet that you will get a lot of responses to this question. If no one here fits your criteria in an agent, give me a call. I would be happy to get you in contact with several of the great real estate agents that I know in the St Paul area. ... more
0 votes 13 answers Share Flag
Sun Apr 20, 2008
Rochelle Allison answered:
Hello Newbie Buyer,
It is a challenging market to sell your home, but the upside is that you are also buying in this market. Within St. Paul there are some areas that are holding their values while in other areas, average sale prices are down considerably. That being said, with the Fed dropping interest rates again, there are buyers out there and homes are selling. I have been working with a buyer for St Paul and 2 out of the 7 homes that we wanted to set up a showing were already sold.
There is another option that you might want to consider and that would be renting out your smaller home in St. Paul and when the market improves a few years from now, you could put it on the market then. In addition to working with buyers and sellers, our team specializes in Investment Properties, which means I can provide you with guidance and information on what it takes to successfully rent your home. We are holding a Tenants 101 Seminar at the beginning of April. If you are interested in more information about this seminar, or would like to have a free no-obligation market analysis of your home, please let me know.
Rochelle Ann Allison
Keller Williams Premier Realty
Cell: 952-913-7112
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0 votes 4 answers Share Flag
Tue Mar 4, 2008
Inspector General answered:
If I were you, I would search for "Home Inspector St. Paul" in google or yahoo search. Ask them a few questions about their qualifications. Do they do this full time or part time, are they insured, are they a member of a national home inspection organization, licensed?

If they just throw out a price without asking specifically about the property, I would wonder why. The cheapest is usually not the best because you are either getting someone who is a part timer or is just doing the minimum. The highest is not always the best either unless they are doing more for their money.

if you have any other questions, send me a note.
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0 votes 3 answers Share Flag
Mon Mar 3, 2008
Michael Doyle answered:
It would be nice to see the house but if it sold for $175,000 in 2004 and you can get it for less then half that now I don't see how you can go wrong. I would add $10,000 more for repairs, your numbers seem a little low and unexpected repairs will come up. Try to calculate what you can rent it for beofore buying to make sure it will cash flow.
Good luck,
Michael Doyle Realtor
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0 votes 5 answers Share Flag
Tue Nov 10, 2015
Michael Doyle answered:
It depends what you are looking for in a home but Woodbury has some great values right now. It also would be an easy drive in.
Michael Doyle Realtor
0 votes 10 answers Share Flag
Wed Dec 19, 2007
Aaron Dickinson answered:
I am not an expert on this, but I believe that police calls on the property would be a matter of public record... you should only have to go down to the police station and ask.

As for insurance, there is a C.L.U.E. Personal Property Report that you can order however it is not free:

If all else fails, you could contact the Minnesota Department of Commerce, who handles the insurance industry, and they could point you in the right direction:

Hope this helps.
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0 votes 3 answers Share Flag
Thu May 21, 2009
Metropolitan Home Team answered:
My first question to you would be, are you being represented by another agent? If not I would be interested in getting the MLS# so I could do some more duediligence on the home for you. I have sold many townhomes in the Apple Valley area and have never seen any that don’t have association dues. The only thing I can think of that you might be talking about is a Twin Home. Twin Homes don’t usually have association fees and they look very similar to townhomes. Please, send me the MLS# of this property and I would be happy to looking into your question further and get you some answers.


Tim Murphy
Edina Realty
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0 votes 8 answers Share Flag
Thu May 24, 2007
Teresa Boardman answered:
Very much so. I starts in about February and goes at a fast pace until about the middle of July. It slows in August picks up again in October. When we have a cold snowy winter homes sales can be very slow. You must get Minnesota's we like to talk about the weather. ... more
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