5 Things Every Home Buyer Should Know

There probably is not any way to have all the information you need before purchasing a property. There is a wealth of information that you can learn about real estate. Even buyers with years of experience are constantly reading up on new real estate tips. This article provides several important tips that you should keep in mind when purchasing real estate. Utilize them to make the best choices.

Purchasing a home is a big decision and a large investment. To make sure you know all there is to know, consider a course in home buying. Many local real estate offices offer these classes as ways to educate potential clients about the process from beginning to end.

Consider moving to a new location. Parts of the country are more expensive to live than others. If you live in a particularly costly location, consider moving to someplace that has a lower cost of living. You will get more bang for your buck and be more financially secure in the future.


With so many foreclosure homes on the market today, people with large sums of cash at their disposal, may want to consider investing is these properties. By purchasing them at auction, you get a home for pennies on the dollar that can be fixed up and flipped for a profit or put on the rental market for steady monthly income.

If you want a bargain in real estate, you should look at bank owned properties that they have acquired, due to foreclosure. With so many banks holding so many properties, they are getting aggressive in pricing them to move them off their books quickly and you can save 40 to 80% of what the bank loaned on it. One location investors could explore is Vancouver, BC. Right now there are dozens of Vancouver foreclosures available. With the highest prices in the country for single-family homes (according to the CMHC ) opportunites could abound.

Buyers have several options to obtain a property below market value. One way is to buy pre-foreclosure real estate. When the owners default on their properties, they can sell it before the bank forecloses on them. In most cases they are willing to sell them much cheaper than the market value, which is a significant gain to the buyer.


Research more than just the final sale prices of houses in the area. A list such as that will give you a very limited scope of what is going on in the region. Use newspapers, websites, and journals to find out the small details including foreclosures and the average time homes stay on the market.

Make sure you understand that purchasing a home is not a quick and easy process. You have to have patience for homeowners to make repairs, and for proper documents to be signed. If time is of the essence for you, try to avoid homes that are foreclosures or short sales.

If you are planning on buying a foreclosed home, be aware that those homes are sold as-is. You are not going to get a better deal on a foreclosure because it needs repairs. Generally, foreclosures are sold at the amount the bank needs to sell it for to recoup their loss, and they are not often going to negotiate below the selling price of other comparable properties.

You now know more about real estate than you did at the beginning of this article. Anyone you help could always help you back in future.

Great weather for real estate open houses.

We are having wonderful weather in Minneapolis. Sunny and 72 degrees. Perfect weather to arrange an open house with your real estate agent.

Getting ready for an open house is a big job. Take advantage of the fantastic weather to get your yard and garden in shape for viewing. Curb appeal is still a big deal.

Minneapolis Real Estate News

When considering about investing in real estate, Minneapolis can provide you with a wide variety of property locations and types. There are many things that Minneapolis can offer, aside from Minneapolis homes for sale. For one, the city is home to some of the best schools in the country, and there are also good health care facilities here. At the same time, lakes and rivers provide a wonderful opportunity to have fun, which is perfect if you are planning to live together with your family.

Minneapolis Real Estate Market

Every year, thousands of property buyers decide to look for Minneapolis real estate for sale because of the reasons provided above. Whether you are doing a Minneapolis real estate search, which can offer you options in smaller towns and suburbs, or searching for a property in the city area, you can be sure that you can get what you are looking for.

The area of Minneapolis has a good reputation. As a matter of fact, Forbes even voted Minneapolis as one of the areas where it is possible to find Minneapolis real estate MLS for a very affordable price. Most of the homes in the city are very affordable even to average people who are working in the area. The city also ranked high in terms of quality of living, recreation and arts choices.

At the same time, if you are also searching for employment opportunities in the city, there are big companies who are taking roots here. The city is very popular since a lot of the residents here work for big companies. The quality of living is also great as people still have time to experience fun, unlike in other bigger cities.

Your Options

If you are interested in acquiring a property in Minneapolis, you can certainly take advantage of Minneapolis real estate listings in order for you to choose the property that you want to buy. This can be done with the help of Minneapolis real estate agents. With their assistance, you can certainly be able to make good and well-informed decisions. Of course, there are several other factors that you need to consider included during the purchase. A professional real estate agent can help you all throughout.

Indeed, if you are searching for the best places in the nation where you can raise your family, find a stable job, and have a home that is worth the price you pay, you can find a Minneapolis homes for sale. As a matter of fact, this area is a popular choice. If you compare with other bigger cities in the country, this option is unquestionably better. With the assistance of a real estate agent, you can find the best option available.

Tips For Buying A Home

When trying to buy a home, there are many complicated, expensive, and stressful decisions to make. Whether you’re relocating from another city or just trying something new, the following guide will aid you in choosing the best home for you, your needs, and for your family.

1: Know What You Can Afford

This is the absolute first step when trying to buy a home. You need to look at your assets, your financials, etc. to determine how much you can afford. You don’t want to go look at a house with your agent only to fall in love and discover that you don’t have enough money to buy your dream house. There are online calculators which you can use that will help you determine exactly how much you can afford so that you have it in mind when you’re searching.

Aside from this, you can also contact a housing counsellor in order to receive advice on buying, renting, mortgage, etc.

2: Get Pre-Approved
Getting pre-approved by your bank provides credibility when you’re dealing with agents and sellers. This means that you’ll be approve for mortgage before you make an offer on a home – someone has already gone over your files and financials in order to determine how much you can take out as a loan and will then give you a letter to show to a seller.

Pre-approval is important because sellers want to know that you’re legitimately interested in their home and that the offer won’t fall through the cracks. This shows that you can also afford the house in question so there won’t be issues with finances.

3: Know Yourself
You must know yourself and what you want when you’re trying to buy a house. In doing so, you can make yourself a “wish list”; wherein, you list the things you’re looking for in a home. The list can include items like:
A renovated bathroom
A pool
Room for a Garden
Whatever you’re looking for, make sure you tell your agent. You should also know what you’re willing to live without on this list. Realistically, you most likely won’t check everything off of your “wish list” and so, you can also make a list “Would be Nice”.

4: Find a Home
Now that you’ve gone through all of the pre-planning, you’re ready to search for a home of your own. Whether you’re working with an agent or through the internet, there are plenty of properties for you to enjoy and love. If you’re working through an agent, though, you have much less to do because he or she will filter homes that are based on ones you previously liked or disliked.

When you’re moving to or around Minneapolis, you must be ready to deal with both the climate and the landscape. You’re not likely to find many properties with a very large backyard; however, you can find some apartments and condos that contains gyms and pools in the buildings. The amenities here are various and provide an excellent experience in a new home.

How to Choose a Realtor

While you may be filled with excitement with the thought of finally being able to buy a house, things are not always as easy as it seems. The entire process can prove to be complicated and doing things on your own can end up being disastrous. In this case, it is better if you can consider the possibility of working with a trusted Minneapolis realtor. With their knowledge, experience, and connections, you can easily find a house that suits your needs. They are also familiar with the changing real estate regulations, and they can help you come up with a price that will be perfect for your allotted budget.

Nonetheless, with the multiplicity of the choices for a Minneapolis real estate agent, how do you choose the right one? Below are some of the factors that should be taken into consideration, making it more likely that you will end up picking the right one.

Start with Referrals

One of the first things that should be done in your search for Minneapolis realtor is to ask family, friends, or work colleagues if there is anyone they can recommend. Their experiences in the past will make it easier for you to evaluate the possibilities. Because you know these people personally, this means that their recommendations will be sincere. In addition, you can also go online and look for reviews from other people. Nonetheless, you should be careful as it is possible that some reviewers are being paid to put some realtors in a more favorable light.

Look for their Licenses

As you look for Minneapolis real estate agent, make sure that the person has the license that is required by the state to operate. Remember, every state has their respective regulations, so make sure that the realtor will be able to prove his or her eligibility. More often than not, their licenses are displayed on their websites. In addition, you can also check with the regulatory boards to be sure that the Minneapolis realtor has a clean record in the past.

Interview at Least a Few Agents

It is important to find time to interview the realtors you are taking into consideration. This will provide you with the opportunity to know them personally, and in the end, choose the Minneapolis real estate agent you believe will be best for your needs. Ask them several questions about their experiences, as well as the properties they are possibly handling. You should ask for their current listings, as well as the houses they have sold in the past. Through the latter, it will be easier to learn about their track record. You should also pay attention to how they listen and how they address your concerns to have an idea of how your working relationship will be like.

Top 5 Neighborhoods

There are dozens of neighborhoods in Minneapolis with diverse prices, conveniences, and housing types. The city is divided into 11 communities, which are then divided into neighborhoods. The official count of Minneapolis neighborhoods is 81. Below are the top five best neighborhoods in the city.

North Loop

The Warehouse District today has become a misnomer. First Avenue is now filled with clubs instead of warehouses. And the neighborhood behind the clubs is known as North Loop. While, there are trendy restaurants and retail shops in the area, the neighborhood maintained its respects to its historic roots as reflected in the store windows. Due to its good foot traffic, small retail businesses have popped up in the area. And while most of the old warehouses have been renovated, their second floors have maintained their original brickwork and stonework.

North Loop Minneapolis


Linden Hills

Linden Hills is one of Minneapolis neighborhoods that are located between Lake Calhoun and Lake Harriet. It is a tightly knit community that is committed to maintaining its local shops. Residents of the neighborhood have even gotten a temporary moratorium against large-scale development. There is no direct thoroughfare going to the neighborhood, which makes it feel separated from the city. If you want to live in a place where everyone talks with each other, Linden Hills is the ideal place for you. A Minneapolis realtor can show you old homes on the neighborhood that have interesting histories.

Marine on St. Croix

If you visit Marine on St. Croix, then you immediately notice its size. The neighborhood is no more than a wide spot in highway 95 that is found between Taylor Falls and Stillwater. It is ideal for people wanting to live in a rural neighborhood. It has a small town vibe with friendly folks. It is also close to the William O’Brien State Park where you can go fishing, bluebird watching, camping, and hiking.

Lowry Hill

Lowry Hill is located in Calhoun-Isles. Most of the houses in the neighborhood have a Victorian style and have been built before 1900. Most of the historic homes in the area were constructed just after the community has been established as a preferred residential neighborhood for the wealthiest residents of Minneapolis. The area remained unchanged, but some of the large homes have already been converted into condominium buildings.


Seward is one of the Minneapolis neighborhoods that cater to the middle class of the city. A large percentage of homeowners are long-term residents of the neighborhood. They are also known for taking good care of their gardens. Within Seward is Matthews Park and Recreation Center, which is ten acres of open space. It has a man-made hill that has been constructed to block the nearby industrial area from view.