Category Archives: Buyers

Fantastic opportunity!

What an opportunity! This duplex can be easily rented for a positive cash flow from day 1. Both sides have 3 bedrooms for a total of 6 bedrooms. With the going rental rates at about $1100 per month this represents a great deal. The duplex market has been hit hard in the past couple of…

5128-30 Bloomington Ave S, Minneapolis MN 55417

IMG_2162

This duplex is a great opportunity for either a owner occupied home, or an investor owned home. The current owners have owned it for 20+ years! This duplex has 3 bedrooms, 1 bat, a kitchen with eat-in dining area, and a large living room, on both sides! This duplex was built in 1947, and has…

What is a Short Sale

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Short sale homes

Typical Buying Process and Timeline

White Chair in Corner

I get this question from many different buyers, so I thought it might make a good blog topic. Many first time buyers are curious as to how long it takes to find a home as well as how long it takes to “close” on a home. From the first steps of contacting an agent and…

46% Underwater

Hundred Dollar Bills Folded in a Money Clip

It is being reported that roughly 46% of Twin Cities single-family homeowners are underwater, which is an increase from 42% last year. This is being reported from Zillow. But what do they know anyway? Take a look at these two listings from Z. The data, according to the big-Z was updated in Feb of 2011….

Mike’s Corner Store Closing

mikes

We are saddened by the announcement of the closing of Mike’s Corner Store at 56th and Chicago. This store has been in the hood for 18 years, originally starting as a corner drug store. The store changed along with the times and most currently had gifts, cards, movie rentals, and take-and-bake pizzas. The pizza’s are…

It’s Back. The Doctors Loan Program aka the Physicians Mortgage

For quite some time, BofA had a Doctors loan program that was very popular. It was discontinued a couple of years ago due to the economic conditions. But it is now back. BofA has made available the long sought after Doctors Loan program, or Physicians Loan Program, once again. It also goes by the names…

A Green Choice in Paint

Green Paint

Paint has been around for a long time. But when it comes to environmentally friendly paint, what choices do you have? One company has come out with what they call a “premium quality, eco friendly latex paint.” This paint is made from suplus paint that’s collected at hazardous materials collection points. That means it’s not…

What are Agency Relationships?

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…

11 Must-Inspect Items During the Final Walk-Thru

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…

Steven Hong Steven has been working in the real estate business for over 8 years. He began his career by obtaining his license for the sole purpose of purchasing investment properties. Now, 8 years later, he still has no investment properties but has helped many homeowners with their purchases and sales. Prior to real estate, Steven had worked in the IT industry, with many years of programming experience, as well as technical support experience. He loves answering computer questions, just try him! Steven is also an accomplished photographer. He marries his love for photography with real estate and shoots many homes for many other agents. You can visit his real estate photography website here. 952-915-2252