Question: I submitted an offer on a listing where the seller needs to get approval of a short sale from their bank(s)...how long will it take to hear back? Answer: Responses from banks on short sales is typically taking anywhere from 2 weeks to 2 months, with 1+ months being the most typical. Most lenders are so bogged down with short sales that they're taking 2+ weeks simply to get to processing your offer. At that point they'll order a BPO (Broker Price Opinion) from local agent(s) and ask the seller to … [Read more...]
Housing News, Opinion, Statistics and Homes for Sale
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Minneapolis/St. Paul April Pending Home Sales Hit 10 Year High
The Twin Cities housing market continues to roar ahead as today the Minneapolis Area Association of … [Read More...]
Fantastically Simple Way to Make a Home Floor Plan
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Print a 3D Model of Your House Plan
For home buyers that are looking to build a new home, one of the most common questions asked is … [Read More...]