These days, you can't read the headlines without noticing that there are many foreclosed homes around the country. Since it is so prevalent, we thought it would be best to offer a brief explanation of how the foreclosure process works. First of all, a little clarification. "In foreclosure" is the process that leads up […]
These days, in real estate, the term short sales is frequently heard. What is a short sale, you may wonder. Well, let me explain it to you by giving you an example. Let's say you bought a house two years ago with a mortgage of $200,000. Let's say you've paid off $5,000 of the […]
You're selling your house. It's a big process, and you aren't sure where to start. You need to price it correctly; you need to get it in tip-top shape for all the showings; you need to fix up a few things. Now, many people think of the last item last. In fact, many people put […]
Selling a house is time-consuming and hard work, especially in today's market. If you are thinking about selling your house, you might feel a little overwhelmed by it all. That's why it is helpful to have a professional by your side--one who can guide you every step of the way. In this blog entry, I […]
Here is the latest statistics from Minneapolis Association of REALTORS. The short of it is that we have increased pending sales by 7.4% over last February, but keep in mind that over 60% of these sales were "lender mediated" sales, or foreclosures and short sales. Also the number of new listings has decreased by 19% […]
There is a term in real estate that describes what type of relationship a buyer or seller could have with an agent. This term is agency. Each state has different agency relationships, and Minnesota state law requires us to disclose the types of agency relationships that usually occur in our state. This agency relationship form should […]
You're excited because you've agreed to buy the house of your dream, and you are about to sign the closing papers. Before you sign, there is one last thing you should do: The final walk-thru. This should be done a day or two prior to closing so that any problems can be spotted before you […]
Here's a house for sale that's ready for you. Located in the heart of Richfield, this 4 bedroom / 2 bathroom rambler, updated and ready to move in. Desirable and picturesque Wood Lake Neighborhood. One block to Wood Lake Nature Center with walking and cross country ski trails, wildlife and educational nature programs. Private Well […]
That should get your attention. The government is giving cash to home buyers! Now, there are some stipulations, but if you meet the criteria, you can get $8,000! This is part of the Economic Stimulus package that was signed into law this week by President Obama. First-time home buyers can claim an $8,000 tax credit […]
We've got 2 new listings in the same condo building. This building is a senior highrise for 55+ with lots of amenities. In addition to the usual party room, there is a dining room with commercial kitchen available, a game room, exercise room, beauty salon, woodshop with tools, 24-hour security, and more. Of the 2 […]
We've made some system changes to bring you the best home search on the market. We welcome you to sign up for free and to look at houses on-line. You can: Save favorite homes Reject properties Much more Just sign up at http://Search.StevenHong.com and see how powerful this search engine really is. If you have […]
