Most Minnesota homebuyers realize that they can’t expect a perfect home inspection report when buying a resale home. Cosmetic flaws and minor repairs are easily managed and shouldn’t be deal breakers. That said, there are some issues that are more serious and should give the buyer pause if not addressed…
Tag: Buying a Home in the Twin Cities
Motivated Seller – Make Me an Offer!
Even in a strong Twin Cities seller’s market, a homebuyer might hear the words, “Make me an offer.” For a nicely appointed home in the Twin Cites that is well priced, this can be a surprise. Being invited to write an offer can often give the buyer pause. Most buyers…
Be Prepared for Closing Costs
Saving for a down payment in preparation for buying a new home is pretty common knowledge. Most mortgages that allowed zero down payments have disappeared except VA & USDA Mortgage Loans. While FHA and VA loans still offer little to no money down, most potential homebuyers will need to save…
The First-Time Home Buying Process
Are you a Twin Cities first-time home buyer looking to purchase a single-family home, townhome, or a condo in the very near future? Please find below a few first-time home buyer steps to assist in the home-buying process. 1. Meet with a mortgage lender. When you meet with a mortgage loan officer, ask…
Eleven Steps to Buying a Home in the Twin Cities
So you want to buy a house? Congratulations! As first-time homebuyers, the process can be daunting, so we’re here to break it down for you in 11 simple suggestive steps. Tack this to the fridge or keep it in your wallet. 1. Locate and meet with an agent. Specifically, a local…
What is real estate closing costs?
Real estate closing costs are fees paid at the time of closing in addition to a down-payment. The closing fees can vary depending if you are paying cash or using a mortgage to purchase a real property. The buyer’s closing fees can be anywhere from 3.0% to 6.0% of the…