Minneapolis – St. Paul Real Estate Information
I have written previous articles defining short sales and foreclosures. I will now compare the consequences to a homeowner of a foreclosure versus those of a successful short sale.
Future Fannie Mae Loan–Primary Residence
A homeowner who loses a home to foreclosure won’t be eligible for a Fannie Mae-backed mortgage for 5 years.
A homeowner who successfully negotiates and [...]
Posted on May 12th, 2009 by Steve Hong
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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 [...]
Posted on April 30th, 2009 by Steve Hong
Filed under: Featured, Sellers | 1 Comment »
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 of $5,000 of the [...]
Posted on April 28th, 2009 by Steve Hong
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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 [...]
Posted on April 28th, 2009 by Steve Hong
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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 [...]
Posted on April 9th, 2009 by Steve Hong
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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 [...]
Posted on March 24th, 2009 by Steve Hong
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We’re experiencing some serious pangs here in the Minneapolis real estate market as, of course, are most markets around the country. As a result, it’s a great time to buy a house, but it’s not such a good time to sell a house. The market is soft, and people are tightening their belts. In addition [...]
Posted on November 20th, 2008 by Steve Hong
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Minneapolis House Curb Appeal
This is Minna, blogging about renovations for your Minneapolis home. If you are trying to sell your house, you’ve no doubt been told to renovate on the inside. Redo the kitchen, paint the walls, put in new carpeting-these are all mantras of the eager-to-sell set. These are good ideas that will [...]
Posted on October 7th, 2008 by Steve Hong
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Research Before Buying a House
Hi, it’s Minna again, and I am back! This time, I am blogging about how to sell your house in this tough market. Many people think they have to totally rehaul their house in order to sell it, but that’s not true. All it takes is a little bit of [...]
Posted on August 12th, 2008 by minna
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Everybody is talking green, and by green, I don’t mean money. Green is in. It’s the latest thing.
The government has gotten into the act by forming ENERGY STAR, a joint program of the U.S. Environmental Protection Agency (EPA) and the U.S. Department of Energy. This program rates different appliances, office equipment, home electronics and more [...]
Posted on August 4th, 2008 by Steve Hong
Filed under: Buyers, Guides, Home Maintenance, Renovation, Sellers, Think Green | No Comments »
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