How’s THAT going?

July 18, 2008 by Steve Hong  
Filed under Buyers, Market Trends

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When I meet people for the first time, they usually ask THE question when I mention that I’m in real estate. The question: “How’s THAT going?” or “Isn’t that a tough business?” or “Isn’t it hard to sell homes right now?” or somthing else to the effect.  Frankly, the real estate market is not as bad as the press makes it out to be. We’ve seen an up-tick in the amount of house showings, as well as houses that go pending. I got quite a bit of interest for one particular house with the on-line marketing model that I use. In fact, that house sold in 2 weeks. Of course, it was priced right, staged nicely, and showed well.

The market isn’t really that bad right now. It certainly isn’t as robust as previous years, but houses still sell. People still buy. Real estate transactions still take place. Business goes on.

Foreclosure Bargains??

April 11, 2008 by Steve Hong  
Filed under Market Trends

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Everybody wants a bargain. Everybody knows foreclosures are bargains. Are they? In this article, we’ll take a look at what happens with a foreclosure. Being in the Minneapolis area, this information is more pertinent to the Minneapolis and St. Paul area houses, although it might apply to other areas as well.

 

But first, here is some background about foreclosures. Read more