1) Pre-ApprovalIf you are financing the purchase of your home with a mortgage you will need a pre-approval letter from a lender. Using income, debt and credit information, the lender will
Home Buying Process
Dated: November 8 2022
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1) Pre-Approval
If you are financing the purchase of your home with a mortgage you will need a pre-approval letter from a lender. Using income, debt and credit information, the lender will state the loan type and amount for which you are qualified. This allows you to shop within your means and shows sellers you're serious.
2) Home Shopping
This is the fun part, our team will find homes that fit your criteria and schedule times for you to view the properties. You might refine your 'wants' and 'needs' over time, and that's okay!
3) Offer & Negotiation
Our team will research comparable sales and use other data points to inform your decision of offer amount and terms. We will submit the offer on your behalf and negotiate when needed.
4) Inspections & Appraisal
Now that we're under contract typical next steps include a home inspection to check for any defects and confirm the condition as well as an appraisal for your lender to ensure the home is worth its purchase price.
5) Pre-Closing
We're almost there, before closing we need to ensure sellers completed agreed-upon repairs and conduct a final walk-through of the property together.
6) Closing
We made it to closing day! You'll bring the funds for your down payment and closing costs and sign the papers to seal the deal. The title company will transfer ownership and you'll receive the keys to your new home. Congratulations, you're officially a home owner!
Shelby Boche
I've called the Twin Cities home my whole life and in 2020 decided to take my lifelong experiences as a 'realtor's daughter', obtain my MN Real Estate license, and join the family team! Simplifyi....
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Pankratz Realty Group are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (little black
house) and detailed information about them includes the name of the listing brokers.
© 2023 Realtor Association of Southern Minnesota. All rights reserved. The data relating to real estate for sale on this limited electronic display comes in part from the Broker Reciprocity (sm) Program of the Realtor Association of Southern Minnesota Multiple Listing Service. Real estate listings held by brokerage firms other then Pankratz Realty Group are marked with the Broker Reciprocity(sm) logo or the Broker Reciprocity(sm) thumbnail logo (a little black house) and detailed information
Information should be deemed reliable but not guaranteed, all representations are approximate, and individual verification is recommended. Copyright ©2017 All rights reserved.
