Category Archives: First Time Buyers

Short Sale vs. Foreclosure vs. Traditional

Traditional Seller A traditional seller is a home that is owned by a person (or people) that are trying to sell their home. This is the typical seller, such as John and Jane Doe on Main Street. When making an offer to a traditional seller, the response time is usually within a few hours, andRead More…

Buying a Foreclosure

Buying a Foreclosure

There are many buyers, perhaps like yourself, that are looking to foreclosures as a good deal, a way to get a lower price on a home that you can put work into to gain equity.  If this describes you, read on. Buying a foreclosed property means that you are purchasing a property that has beenRead More…

Condos vs Townhouses vs Single Family Home

Condos vs Townhouses vs Single Family Home

Are you considering a condo?  Or townhouse? Or single family home? This is Part 1 of a special 4 part article will discuss various pros and cons of each style of living. In this part, we’ll cover the definition of each of these types of home, and where they are usually found in the TwinRead More…Read More…

What is a Short Sale

What is a Short Sale

Short sale homesRead More…

Typical Buying Process and Timeline

Typical Buying Process and Timeline

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 andRead More…

$8,000 Free Cash!!!

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 creditRead More…

New Home Search Available

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 haveRead More…

The Ideal Time to Buy

If you have been mulling over the idea of buying a house, you might want to stop mulling and start looking. We have discussed this in several past blog articles, and I hope I am preaching to the converted. Now is the ideal time to buy a house. I am not mincing words because truly,Read More…

First-Time Home Buyer Tax Credit

It’s a great time to buy a Minneapolis house.  I know, I’ve said this several times before, but I really want to emphasize the point.  Interest rates are at an all-time low, and even better, the government wants to help first-time home buyers with a tax credit.  Here’s the deal. If you have bought aRead More…

Are You Ready to Buy a Home?

Factors to Consider Before Purchasing a Minneapolis Home There are many factors in determining where or when you buy your first home, but first ask yourself these questions: Do you have a steady source of income (usually a job)? Have you been employed on a regular basis for the last 2-3 years? Is your currentRead More…