124 N Broadway Ave
Spring Valley, MN 55975
Whether you’re purchasing your first home, or your 10th, buying a home is a big decision. Having the help of a knowledgeable real estate agent can make the difference in the process run smoothly or taking much longer and more costly. My Home Buyers Guide walks you through the process, ensuring you are as prepared for your home buying process as possible. Below is a summary of what to expect. View the printable version.
If you haven’t already started, you should be putting money aside for a down payment. Plan for 5-20% of the purchase price of your planned home budget. You will also need to meet with a mortgage lender to establish what you can afford. Asking friends and family for recommendations on a lender is a great way to find one. I also have suggestions I’m happy to give. Remember - shopping around for the best rate is a good idea.
Once you’ve established your price range, you want to consider what type of home best fits your lifestyle. Other things you may want to consider are school district boundaries, distance to work or recreational facilities. Put this down in writing by making a needs verse wants list.
It’s important to partner with a real estate agent you feel completely comfortable with. You’ll want to go with a knowledgeable agent who you feel will represent your best interests. The agent’s job is to bring clarity to your home buying process. I will set up the showing appointments, write your offer, as well as help negotiate. I am going to help you find a home that meets both your needs and your budget.
You can use the property search on this site as well as consulting with a real estate agent (me) who can set up searches in MLS that meets your new home criteria. You will receive new listings as soon as they hit the market as well as have a portal to MLS to view and track the houses you are interested in.
Your agent will help you submit an offer that the seller will either accept, counter, or reject. After you’ve negotiated an offer if needed, you’ll need to conduct a home inspection and deal with any repairs (the cost of which you can also negotiate with the seller). Finalize your mortgage with a visit to your lender and you’re ready to sign off on ownership. This typically takes place in a lawyer’s office.