Minneapolis-St. Paul Buyers Agent
Are you looking to start the process of purchasing a new home or condo in the Minneapolis or St. Paul area for the first-time and in need of a Twin Cities Buyer Agent to represent you in the very near future?
Please find below the home-buying steps you may want to consider when starting the process of purchasing a home for the first time:
1. Are you ready to buy? Time-frame?
2. Hire a Minneapolis-St. Paul Real Estate Buyer Agent .
Is the agent experienced? Does the buyer agent utilized the latest technology pertaining to locating a property? Are they knowledgable about the local real estate market place?
3. Meet with a Mortgage Loan Officer – Mortgage Pre-approval
Is the loan officer experienced? How long has he/she been in the mortgage business? Did the mortgage loan officer explain the loan process to you? Which mortgage product will work best for you? What is the down-payment and closing costs percentage needed? What is the monthly mortgage payment?
4. Begin the process of shopping for a new home.
Do you know what location where you want to live? Minimum number of bedrooms and baths? Square footage? Property type? Single-family or a condo? Do you want to reside in a Minneapolis or St. Paul walking neighborhood? Within walking distance of coffee shops, restaurants, and walking/biking trails?
5. Choosing a Home.
Decisions… Does the property meet your search critiera? How long has the property been on the market? What is the condition of the home?
6. Are you ready to make an offer?
A real estate agent can provide to a buyer a Competitive Market Analysis and also a Realist Report for review and consideration. The above reports will display the active, pending, and sold properties near the subject home. Offer Contingencies? Mortgage? Private Home Inspection? Closing date?
7. The stage of final acceptance on an offer.
If you elected a private home inspection contingency, you will need to locate an experienced private home inspector, etc.. At this time, you may want to contact your loan officer to find out if he/she will need additional documentation from you before your file is submitted for the purpose of underwriting approval.
8. Shop for Home-owners Insurance.
The majority mortgage companies will request the future home-buyer to purchase a 12 month home-owners policy before the day of closing.
9. Property final walk-through prior to closing.
It is important to do a final walk-thru… You want to make sure the property is in the same condition as the day of the fully executed Purchase Agreement.
Closing Disclosure Statement is provided to the buyers within 24 hours prior to closing. This specific document will display a break-down of title, lender, and closing costs.
Let the fun begin…
If you are looking for an experienced Minneapolis-St. Paul Buyer Agent, feel free to contact Realty Group, Inc.-Shannon Lindstrom at [email protected] or call 612-616-9714 today.