Buying a home is an exciting milestone, but it can also be very overwhelming for first time home buyers in Minnesota. Fortunately, a trusted real estate agent (such as Shannon Lindstrom with RE/MAX Results) can help guide you through the experience and ensure that you make the best decision for this next big chapter in your life.
Minnesota First Time Home Buyers Guide: 4 Tips for Success
Find a Trusted Lender and Begin with a Preapproval for a Mortgage
A mortgage lender will be able to give you an accurate idea of how much you can afford to spend on a home. When working with your lender, you should be open and honest about the payment that you are comfortable with — this will allow the lender to create a preapproval letter for you that reflects your budget.
Begin Researching Minnesota Communities That You Love
Each community in Minnesota offers its own unique atmosphere and amenities, so you will want to read about these places and visit the neighborhoods and/or towns before you narrow your search. Many first time home buyers are looking for a condo or a home in a community that offers a high quality of life near their family members, friends or places of employment.
Make a List of Must-Have Features
The condo or home that you buy will become your home, so it’s important to focus your search on several important features. You will want to determine how many bedrooms and bathrooms you want, the type of floor plan that you prefer, and any outdoor living spaces that you desire. You also should consider additional features (for a single-family) that you might want, such as a finished basement, fireplace or covered front porch.
Partner with a Qualified Local Real Estate Agent
An experienced, local real estate agent will be able to provide you with accurate information and reliable advice throughout the home buying process, ensuring that you feel confident and comfortable until you get the keys to your new home in Minnesota.
Twin Cities first time homebuyers will find that there are endless opportunities in the local real estate market. From luxury lofts in Downtown Minneapolis or St Paul to charming homes in the city or suburbs, there are various properties across all price points that are ideal for first time home buyers.
For more information about the local real estate market conditions, contact an experienced local real estate agent such as Shannon Lindstrom with RE/MAX Results at 612-616-9714 today.
Shannon Lindstrom, Realtor®, AHWD, CRS, GREEN, MRP, VCA