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What's Happening in the market? Minnesota Bill would limit ownership of single-family rentals https://finance-commerce.com/2024/03/... How to Break Up with Realtor from 1st house purchase Do I have to disclose a sex offender next door to the property I'm selling by owner? I have a house that I purchased to flip and I didn't do my due diligence deep enough apparently, and a registered sex offender lives next door in a rent-to-own home. I am now finished with the home and ready to advertise. When I show people the home, should I disclose this info? I feel like I should, but I'm getting mixed reviews from friends and family members. I'm afraid the prospective buyer could come back and sue me down the road once they find out. I just learned that my real estate agent is cousins with the seller. What do I do? Social Media Reacts Minnesota Luxury Home Spotlight: https://www.zillow.com/homedetails/17...
Full Episodes & Our Websites Here: https://linktr.ee/realestateradiohour The boys are in for another studio session! Going over the spring parade of homes & talking about if LOVE LETTERS are working or not.
Full Episodes & Our Websites Here: https://linktr.ee/realestateradiohour In Studio Episode! Realtors and getting old... how have we handled it? Difference between North & South Metro Real Estate Markets
Full Episodes & Our Websites Here: https://linktr.ee/realestateradiohour Jeffrey Zweifel (30 Min-45 Min) - Real Estate Property Law What's Happening In The Market? New Construction Spotlight: https://www.zillow.com/homedetails/11... Home Owners Association denied Buyer on closing day: "not a good fit" What's Happening In The Market? New Construction Spotlight: https://www.zillow.com/homedetails/11... Home Owners Association denied Buyer on closing day: "not a good fit" On the anticipated day of closing (after multiple extensions due to waiting on approval process for over 30 days), the Zoom interview (last step in approval process) was scheduled. The following day the association sends a denial letter. The only reason provided was the Buyer was "not a good fit." We're all in utter shock and disbelief. The Buyer has excellent credit, clean background and stable long term employment. There was absolutely no reason for the Buyer to be denied. The Buyer met and exceeds all of the requirements set forth in the governing docs and approval requirements. My suspicion is that the board does not want anyone who they think may be problematic or disagree with their actions in the future. During the interview the board member told the buyer about the board's intentions to increase HOA fees in the future. The Buyer naturally asked questions. The board has completely disregarded their own governing documents and approval requirements, yet there seems to be nothing we can do at this time other than request a reversal, which we've done. We've still not gotten a response nor an explanation. We've reached out to the association attorneys and they have not been able to provide a reason or response. The board members were not even all present during the interview. I believe only 1 was. These boards are getting out of control. Has anyone else dealt with something like this? The worst part is how does the Seller find another Buyer if this can happen again? Social Media Reacts
Full Episodes & Our Websites Here: https://linktr.ee/realestateradiohour The guys are back in the studio talking about what it takes to win in 2024. Also, are Slabs Cool Again?
Full Episodes & Our Websites Here: https://linktr.ee/realestateradiohour We inform you on the plan going forward with this show. What's Happening In The Market Social Media Reacts Dalvin Cook Sells Home https://www.realtor.com/news/celebrit... Minnesota Luxury Property: https://www.zillow.com/homedetails/22...
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Would realtors fake having an offer to raise prices? I was looking at a house on the market and made an offer. The house itself had been sitting on the market for a long time now, with no offers to my knowledge (since November I think). Nothing wrong with it, it just needed some updates, which I'm fine with. Literally the next day, the realty company selling the house tells us that another offer has been made. While there is obviously a chance that someone made an offer, this feels too well timed to me. Would a realty company fake having an offer to get more for a house? TOP MINNESOTA REAL ESTATE AGENTS IN 2024? https://gritdaily.com/the-top-10-real... Minnesota Luxury Property: https://www.zillow.com/homedetails/23... Social Media Reacts Minnesota Supreme Court reverses conviction in real estate agent's 2019 killing https://www.foxnews.com/us/minnesota-...
Full Episodes & Our Websites Here: https://linktr.ee/realestateradiohour Russian On American Homes: "What I always wonder why Americans don't build solid houses? In Russia and Kazakhstan everyone builds house with thick walls with bricks and good foundation. Even poor people don't build houses from plywood. But in America it seems that everyone, poor and rich builds extremely fragile houses. Like I can punch a wall with my knuckle. It seems so absurd. Especially with those prices that I'm hearing about, like house costs hundreds of thousands of dollars, up to a millions of dollars. I can build awesome house here for like $200K with very quality materials. Can American build a good house from bricks with very thick brick walls for a reasonable amount of money?" Single women are winning Twin Cities real estate https://www.axios.com/local/twin-citi... Driving the news: Solo women homebuyers keep rising in share, accounting for over 18% of mortgage applications in 2023, according to mortgage platform Maxwell. (More Than Single Men) Is this a thing now? Blind Offers only, no showings until offer accepted, no current photos… Opportunity awaits in the Chattahoochee River Club with this unique home that currently invites only blind offers. The sellers are needing to sell quickly yet have some temporary occupancy after closing. The home is to be sold AS-IS needing some cosmetic repair. While showings are currently restricted to the due diligence period, the potential of this residence is still evident. Photos are from when the property was initially purchased…. Social Media Reacts Minnesota Luxury Real Estate: South Minneapolis https://www.zillow.com/homedetails/38... Zillow Predicts Home Prices Will Drop In These 10 Minnesota Cities (Attached)
Full Episodes & Our Websites Here: https://linktr.ee/realestateradiohour US real estate market will be 'very ugly' next year, Howard Lutnick warns https://www.foxbusiness.com/real-esta... Agent put my phone number on the listing Is this normal? I’m selling my home. We put it in “coming soon” over the weekend, with plans for photos on Monday (tomorrow). When making these arrangements she asked me if I had gotten any phone calls. She said she’d have to refer them to me to schedule anyway. I work from home but could easily leave 9-5 with my dogs and work elsewhere. It’s not that hard. But I wanted to check if this ever happens. My neighbor isn’t letting me install trees up against “his” see through fence. What can I do? I have a challenging neighbor with whom it's hard to be friendly. Our houses share a wall on the left side, divided by a half block and half iron fence. Unfortunately, I can see right into his house, which I'd rather not do. He insists that the wall was installed by him and that the previous neighbor didn't contribute to the cost. He's adamant about not wanting anything to touch his wall. Social Media Reacts Minnesota Luxury Real Estate: https://www.zillow.com/homedetails/13... The 10 Most Walkable Cities in Minnesota https://www.redfin.com/blog/most-walk...
Full Episodes & Our Websites Here: https://linktr.ee/realestateradiohour What's Happening In The Market? Found out my home is a historical home with restrictions after closing I purchased a home that was built in 1930 about 3 weeks ago. I had the home repainted and then received a letter from the county telling me I violated their historical architectural restrictions by painting it an unapproved color. Nowhere at closing or during the buying process was I told the home was deemed historical and after going through closing documents there is nothing about covenants or restrictions in the documents. Can a county deem a home historical with architectural restrictions without having any acknowledgement of this during the closing process? Real Estate Feels Like A Giant Pyramid Scheme After being in real estate for a year this industry feels like a giant pyramid scheme. So many slimey people and cheese balls in this biz. Got my license. Have to join a brokerage for them to process the transaction?? Joined a "team" and absolutely got worked over. Team lead constantly changed commission structure and fees right before a deal was going to go through. Kicking a lot of the commission up to the broker and team lead for doing basically nothing. "Prospecting" calling on crap leads all day, reading BS scripts about how it's a great time to buy, felt gross. Asking for referrals or business from your sphere or if they know anyone interested in buying or selling. Literally seeing everyone I know as a dollar sign and always trying to weasel real estate into the conversation. Buyer Was Hacked During Wiring Of Money Has anyone ever heard of anything like this? It was wire fraud. Are they still responsible for earnest money? The day before a close they were allegedly hacked when closing with their other property and now cannot buy this property but the seller just closed on a new house and moved in but needed that money… Social Media Reacts Minnesota Luxury Real Estate (Edina) https://www.zillow.com/homedetails/71... Hidden Cons Of Owning Lake Homes In Minnesota
Full Episodes & Our Websites: https://linktr.ee/realestateradiohour What's Happening In The Market? Prolific Real Estate Developer Kelly Doran Dies at 66 https://tcbmag.com/prolific-real-esta... Reverse Mortgage Vultures? It’s 7pm.. and a woman knocked on the door. My brother spoke with this woman outside. She wanted to come inside (she did not) and discuss plans for a mortgage with my mother. (Woman did not meet my mother - only my brother) She claimed to have called my mother multiple times but that’s false. We’re not behind or anything on our mortgage and this woman isn’t linked to the mortgage/bank my parents are associated with. Is this a thing to get you with another lender or a bigger scam?? Minnesota Luxury Property - Breezy Point https://www.zillow.com/homedetails/17... Selling our home, appraisal came in 40k under our agreed-on price and we're supposed to close next week. Advice? 4 of the COOLest Yet Overlooked Minnesota Lakes https://welterheating.com/4-coolest-o...
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Democrats propose new bills aiming to prevent hedge funds from buying homes https://www.aol.com/not-profit-center... Another cautionary tale of buying a house unmarried. Advice please Ex Gf and I bought a house. She broke up with me. I want to sell. She does not. We are both on the deed and mortgage, joint tenancy of survivorship. I am willing for her to buy me out but she is in a lot of debt. I know this because I loaned her 10k and she’s still in debt. She is dragging this out. We got in at a 3.4% rate and she refuses to talk to me. I do not want this to drag any longer. How can I force a sale or a buyout right away. I can’t do either without her consent, and prolonging this is my biggest fear. I know technically she can if she doesn’t agree to sign anything. I know she’s dragging this to either make me uncomfortable enough to make me leave. That way she can be in the house without me while keeping that low interest rate.. or buy her enough time to pay down her debts and wait for the interest rates to go down which will be torturous for me. I just want to be done and move on with my life. House appraisal came in way over what we bought it for. So we just closed on a home for 310,000 the appraisal came in a couple of days ago for 405,000 because the house was completely renovated head to toe and apparently the sellers agent was basing it off comps that were only similar in size but completely outdated from what I can tell. My first question is we put 15% but still have PMI wouldn’t we be above the 20% equity since the house appraised for so much more than we what we paid for me? Second question is will this most likely affect my taxes or cause any other unforeseen issues I can’t think of? Minnesota Luxury Real Estate https://www.zillow.com/homedetails/30... Minnesota Lakes Lake Bemidji Social Media Reacts
Full Episodes & Our Websites Here: https://linktr.ee/realestateradiohour How long should I plan to have my house for sale in this market? I made an offer on a house and they didn't respond to me for almost 3 days, is that normal? What is typically included for personal property? I am an agent and I listed a home and paid for professional photos. After multiple offers, my seller ghosted me and decided they don’t want to sell or pay me the $25k commission owed or even a cancellation fee…. I let that go because I didn’t want to risk my reputation. Now, I find out 1 year later, she listed her house for sale with another realtor, and that realtor was using my photos. It was probably up for sale for like 4 months when I found out, then they canceled the sale and put it up for rent. It is still up for rent and they are using my photos once again. It’s not a lot of money at all, but that seller pissed me off so much that I want to get at least a dime back. Is this worth pursuing? Montevideo company makes custom-made fish houses fit for royalty https://www.cbsnews.com/minnesota/new... Minnesota Lakes: Lake Pepin Social Media Reacts Minnesota Luxury Real Estate: Edina https://www.zillow.com/homedetails/47...