Sioux Falls Real Estate Blog.

Real Estate Blog for Sioux Falls, SD and surrounding areas.



This site contains opinions and personal experiences. If you are working with an agent, their opinion trumps mine! Feel free to comment and add your opinions.

What is a MLS
MLS is short for Multiple Listing Service. Our MLS is a data base we use to list properties listed by REALTORS(R) in our area. It gives detailed information on the homes, personal information on how to show the property (lock box, no lock box, pets in the home, children home after a certain time, lock box codes to get into the property), and personal information on how to submit offers to the seller. The MLS system is a secure system that is not accessed by unauthorized users. REALTORS(R) pay yearly and quarterly to have access to this system. They have ...
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Posted by Diane Dahl at 9/17/2006 12:40 PM | View Comments (0) | Add Comment | Trackbacks (0)
BPOs- What are they
What are BPO's. Broker Price Opinion. When a home owner wants a 2nd mortgage, home equity line, 3rd mortgage, bridge loan, or something along those lines... A bank will hire a real estate agent to give an opinion on what the market value of the property is. (most banks require this criteria) The agent will pull 3 comparable properties, from our MLS, that sold within the last 6 months to a year, from the general area, that has the same features/age, but, heavily relying on the above grade square footage to find these comparables. An agent puts ...
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Posted by Diane Dahl at 9/17/2006 12:23 PM | View Comments (0) | Add Comment | Trackbacks (0)
Discussion area for Sellers
Topics include experienses, new trends, and old tricks. ...
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Posted by Diane Dahl at 9/10/2006 7:28 PM | View Comments (1) | Add Comment | Trackbacks (0)
Buyer's discussion area
This topic area is to discuss the experienses of buying a home. ...
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Posted by Diane Dahl at 9/10/2006 12:38 PM | View Comments (0) | Add Comment | Trackbacks (0)
REO Properties
Welcome to the REO properties discussion topic. Use this area to talk about REO properties, repossesed homes and forclosed upon homes. ...
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Posted by Diane Dahl at 9/10/2006 12:09 PM | View Comments (1) | Add Comment | Trackbacks (0)