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Real Estate

Getting Your Mortgage Application Approved As A Self-Employed, First-Time Homebuyer

October 8, 2021 by bobelliot

A significant number of people are self-employed, which means they might be relying on this income to apply for a mortgage. It is true that people who are self-employed may face additional challenges when trying to get approved for a home loan when compared to someone with traditional W2 income, Read More

Posted in Real Estate Tagged home mortgage, self-employed

Thinking About Buying An Investment Property? 6 Tips To Ensure You Don’t Get Fleeced

August 13, 2020 by bobelliot

Purchasing an investment property is one of the most important decisions that you’ll ever be a part of. As such, it’s a necessity to make your decisions with only the most careful of consideration. Here are the six tips that you need to heed in order to ensure that you Read More

Posted in Real Estate Tagged investment property

Why This Summer Is the 2020 Real Estate Season

May 27, 2020 by bobelliot

  With stay-at-home orders starting to gradually lift throughout parts of the country, data indicates homebuyers are jumping back into the market. After many families put their plans on hold due to the COVID-19 pandemic, what we once called the busy spring real estate season is shifting into the summer. Read More

Posted in Real Estate Tagged home buying, home selling

The New Spring Real Estate Market is Here. Are You Ready?

January 9, 2020 by bobelliot

Which month do you think most people who are considering buying a home actually start their search? If you’re like most of us, you probably think the surge happens in the spring, likely in April. Not anymore. According to new research, January 2019 was only 1% behind February for the most monthly views Read More

Posted in Real Estate Tagged real estate market

The 2020 Real Estate Projections That May Surprise You

January 2, 2020 by bobelliot

This will be an interesting year for residential real estate. With a presidential election taking place this fall and talk of a possible recession occurring before the end of the year, predicting what will happen in the 2020 U.S. housing market can be challenging. As a result, taking a look Read More

Posted in Real Estate Tagged real estate projections

The Advantages Of A Dual-Location Lifestyle

December 30, 2019 by bobelliot

Commuting for hours in traffic on a daily basis is a waste of resources, time, and money. It is stressful and bad for the environment. The infrastructure in many parts of the United States is falling apart. The roads and highways do not have sufficient capacity to handle the demands Read More

Posted in Real Estate Tagged market conditions, real estate

How To Find Hot Markets For Real Estate Investment

November 11, 2019November 11, 2019 by bobelliot

Real estate investors who want to build up a strong investment portfolio always keep an eye out for hot markets, which gives them a chance to pick up properties that add to their portfolio value. A word of caution about hot markets is that if you learn about them after Read More

Posted in Real Estate

3 Reasons This is NOT the 2008 Real Estate Market

October 17, 2019 by bobelliot

3 Reasons This is NOT the 2008 Real Estate Market No one knows for sure when the next recession will occur. What is known, however, is that the upcoming economic slowdown will not be caused by a housing market crash, as was the case in 2008. There are those who Read More

Posted in Real Estate

The Community Reinvestment Act Explained In Simple Terms

July 31, 2019August 26, 2019 by bobelliot

The federal government adopted the Housing and Community Development Act in 1977, and the Community Reinvestment Act (CRA) portion was designed to prompt lending institutions to provide mortgages for low- and moderate-income Americans. The underlying reasoning for the CRA was to discourage discriminatory lending practices that inhibited low-income communities and Read More

Posted in Real Estate

What Is A 1031 Tax Exchange?

July 24, 2019August 26, 2019 by bobelliot

A 1031 tax exchange is a legal way to defer paying capital gains when selling a property and then buying a “like-kind” property within the allowed period. The time limits allowed are 45 calendar days after the close of the sale of the first property to identify the like-kind property Read More

Posted in Real Estate

How to Track Your Home’s Value

April 26, 2019August 26, 2019 by bobelliot

Buying a home is generally the single largest purchase that we make in our lifetimes and most of us are interested in not only the value of our properties, but also the general value of like properties in our neighborhoods. Whether you have just moved into a new home or Read More

Posted in Real Estate, Uncategorized

Contact Us

Bob Elliot
eXp Realty
612.868.5500
bob@mnresteam.com
7700 France Ave S, Edina, MN
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