The Path to Purchasing Your New Home in the Twin Cities Region
1. Choose licensed Realtor to help you through the home buying process.
Tip: Prepare your questions in advance and don’t be shy about asking till you obtain the answers you need.
2. Meet with a mortgage loan officer and get pre-approved for a loan.
Ask your Realtor to recommend a loan officer who has performed well for his or her clients.
3. Sit down with your Realtor and discuss your wants, needs and budget.
It helps to focus your search in a few neighborhoods. Your Realtor will set up an automatic MLS search for you.
4. View properties that meet your criteria on the MLS search or through other recommended websites. Ask you Realtor to set up showings for you.
Expect to visit several homes in your market place. Making a home purchase is a big investment; you want to be comfortable with your decision.
5. Make sure you’ve found THE right home.
If you know it’s right, be prepared to act fast by writing an offer with your Realtor’s assistance. Houses can move very quickly, and you don’t want to miss it!
6. Make an initial offer to purchase a new Twin Cities home.
When submitting an home purchase offer, having a licensed Realtor at your side is very important. He or she will prepare and present your offer to the seller in the best light.
7. Negotiate terms
Expect a counter-offer. Be prepared to be a little flexible on price, closing date, appliances, and/or repairs.
8. Arrange for a professional home inspection.
This is your best chance to have the property evaluated by a professional. They will inspect the home’s systems and structure and may run tests for any gasses such as radon. An experienced, home inspector is worth every penny you spend
9. Consider a home warranty.
Edge Real Estate Services offers a home warranty through HMS and other providers. Your home warranty protects you from unexpected expenses (for example – let’s say your water heater dies three months after you purchase your home.) Your Realtor can explain everything it covers.
10. Shortly before closing, you should do a final walk-through of the home.
Be sure to review the purchase agreement to make sure everything you expect is included.
11. Close on the property.
Your closer, Realtor, and loan officer will walk you through the process.
12. MOVE IN!!
Use a check list to plan your move so you don’t forget anything.
Call us to gain up-to-date, reliable housing market data for the Twin Cities region. We make sure you stay informed throughout the buying process and know what to expect.
Check out more key information for Minneapolis Metro Home Buyers
Helping Home Buyers Make Smart Decisions
It is important to know that the title on the home you hope to purchase is clean and clear of any complications. Insights on Twin Cities homeowner’s property tile.
You may find that you are paying more for a home because it is located in a great educational district. Learn about schools in the Twin Cities.
Buying and Moving
Our passion for real estate has taught us a lot about moving from one home to another. Our moving tips will help you complete through this mammoth process easier.