A private home inspection is an elected contingency for homebuyers during the escrow period. The goal of a private home inspection is to uncover issues that are either hazardous, potentially expensive repairs, or other challenges the new buyer may not expect. The inspection cost varies pertaining to the home’s square…
Tag: Minneapolis First Time Home Buying Process
Understanding FHA Mortgages: A Comprehensive Overview
Buying a home can feel overwhelming, especially when it comes to figuring out the best mortgage for you. One popular option for first-time buyers is an FHA loan. This article will explain FHA loans in simple terms, using information from trusted sources like the U.S. Department of Housing and Urban…
2024 Introduces Updated Home Loan Limits
In the face of escalating home prices, consumers are finding relief through recent announcements by the Federal Housing Administration, the regulatory authority for loan limits in conforming and government-guaranteed loan programs. Home loans are broadly classified into government-guaranteed, conforming, and jumbo lending products, with jumbo loans catering to larger amounts…
Top Questions First-Time Homebuyers Should Ask a Realtor®
Are you considering buying your first home in Minneapolis, St Paul or the surrounding areas? Congratulations! This decision marks an exciting milestone in your life. While the journey to homeownership can be thrilling, it can also be overwhelming, especially for first-time buyers. To help you navigate the process with confidence,…
The Benefits of Giving Twin Cities, Minnesota Homebuyers Space During Home Viewings
When it comes to selling your home in the Twin Cities, Minnesota, there’s a compelling case for homeowners to step back and let potential homebuyers and their Realtors®explore the property without their presence. While avoiding potentially awkward comments is one motivating factor, there are several other advantages to providing prospective…
Twin Cities Real Estate Market
The Twin Cities housing market has been crazy over the past few years. While there have always been periods of ups and downs, buyer’s markets and seller’s markets, yet the frenetic pace and swings has had everyone speculating. Now that interest rates have climbed back to more “normal” levels, those…