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
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.
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.
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!
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....