Information for Home Buyers

house_keys_422For nearly all home buyers, there has never been a better time to buy a home in the Minneapolis / St. Paul real estate market!  If you have been thinking about purchasing your first home or upgrading to a new home, the time to act is now. Plus, there are some great down payment assistance programs and Tax Credits available for home buyers.  For more information, please check our Buyer Incentive information to see if there are programs available!

The Home Buying Process

The deals are out there, but you won't find them unless you have a plan!  Here are just a few of the things you need to think about when starting the Home Buying Process:

istock_000007831340xsmall_400

  • Determine your monthly housing budget.  In most cases, you will qualify for a mortgage that is greater than you want to pay each month so you need to know what you can actually afford.

  • Explore additional sources of funds that might help you afford your new home.  Check the Minnesota First Time Home Buyer website for updated information on available programs and qualifications.

  • Meet with at least 1 knowledgeable Real Estate agent to discuss your housing needs and develop a plan for purchasing your home.

  • Search for properties on local websites to get an idea of prices, home styles, locations, etc.

  • Schedule a day and time with your Real Estate agent to view 5-7 homes of various styles, locations, and price ranges so you have a better idea of the available inventory of homes.

  • Rinse and repeat! If you're on the right track, then keep up the good work!  Schedule more showings of similar homes with your agent or consider visiting some of the homes on your "short list" for a 2nd time.

  • If the first round of showings was a bust, then go back to the drawing board!  Your agent should be able to recommend other areas and styles of homes that you may want to consider.  This is a HUGE investment so you want to make sure you take the time needed to make the right choice.

  • When you find the perfect home, it's time to make and offer and then you are onward to closing.  Your Real Estate Agent will be able to guide you through the process of making an offer and negotiating your contingencies, earnest money, title searches, and closing.

Ready to Start the Home Buying Process?

Our Team of experienced, Buyer Representatives are ready to help you plan for your new home purchase.  We love finding great deals for our Buyers and our experience and local market knowledge will generally not cost you anything!  Take a minute and fill out the form below and an agent who is an expert in your area will contact you for a hassle free, no obligation meeting.

First Name:
Last Name:
Email Address:
Phone:
I am Interested in:
Property Type:
Bedrooms:
Bathrooms:
Price:
Do You Require Lender Information? Yes No
 
Questions / Where Are You Looking?
NEW LISTING EMAIL ALERTS

Be the first to know when new listings hit the market.

Sign Up Now
Twin Cities Market Stats

Pricing trends, average days on market, and more, updated every day.

View All Stats
What's My Home's Value?

Our professional analysis includes data on recent sales and current market trends.

Find Out Now
From Our Blog
Tuesday, May 27, 2014

5412 France Avenue #204, Edina MN

Looking for a fabulous condo with all the updates and a location to die for?  Proudly introducing you to MLS #4483720.  This beautifully remodeled condo features an open floor plan, hardwood floors, granite kitchen counters, stainless ...  Read More

Tuesday, May 27, 2014

Linden Hills & Fulton Neighborhoods of Minneapolis

The Linden Hills and Fulton neighborhoods are two of the best locations to live in all the Twin Cities. Aside from only being minutes away from both downtown Minneapolis and St. Paul, the area sits in close proximity to the international airport and ...  Read More

View All Posts