How To Buy A home in Edina

Most MN home buyers begin their search for the perfect home on the internet. There are many internet sites to begin this but a good location for you to start is to use the MLS search engine on my website. There are tens of thousands of Minnesota real estate websites out there but you will soon find that many lack all of the important details when searching for a home. For example, the large national websites do not show the property taxes for each Minnesota real estate listing which is a crucial factor when determining what your monthly payments will be.

Search for a home in Edina on my website

When you search for homes in Edina on my website you will find all of the property listings from all of the real estate companies. Because I am a member of the Multiple Listing Service (MLS), my real estate website will offer you complete details on every property from every company. Additionally I can set up a specific search for you so that I can email listings in your price range as they come available.

Get Preapproved To Buy A home in Edina

How will you know what kind of price range you should be searching for? In order for you to know the amount of monthly payments you will get for a home in Edina you will have to get prequalified for a home loan. Getting through the preapproval process is the critical first step for how to go about buying a home in Edina Since there is no cost or obligation when you get prequalified by one of our local MN mortgage lenders, you should do this right away so that you can clear any roadblocks there might be in the process of getting a home loan.

Let's go look at homes!

After you have been preapproved by a Minnesota mortgage lender I will take you to available listings in your price range. I recommend that we look through at least 15 or 20 of these before you make your offer to purchase one. By searching extensively you will get educated on homes that are a good value to buy. When a home comes available meeting your needs you should be ready to make your offer since properties at a good value sell fast.

After the purchase agreement, and before closing

Once you have made your offer it normally takes about 30 to 45 days before closing. During this time your lender will collect all of the necessary documentation that they need from you to finish your loan approval. Additionally they will order an appraisal on the home to make sure the price of the home you are buying is in line. The mortgage lender also orders a policy for title insurance to make sure the title to your new home is clean.

Closing on your home

After your home loan has been completely approved you will be ready to close on the purchase of your new home. At this point all the parties involved get together at a title company to sign closing documentation and to give up property keys and welcome you to your new home. Once you’ve closed on your home you are ready to move in!

Conveniently located in Hennepin County, Edina is a beautiful first-ring suburb of Minneapolis. As a fully established community, the population has remained stable at around 47,000 over the past 40 years. While large employers such as Jerry's Foods and Fairview Southdale hospital are here, many residents enjoy an easy 20 minute commute to downtown Minneapolis. While often considered one of the most affluent communities of the Twin Cities, MN first time home buyers may be interested in one of the Edina's downpayment assistance programs which offers up to $60,000 to qualified buyers. If you are interested in buying or selling a home in Edina please give me a call.

Do you want to start talking about the process of searching for homes? Just give me a call or send me an email and I am looking forward to helping you find your dream home!

Joe Scherer
Sales Executive, Licensed Realtor in Minnesota  Century 21 Premier Group  jscherer1111@gmail.com 
Cell 612-991-6365  1660 S. Highway 100, Suite #578 Parkdale Plaza St. Louis Park, MN  55416 With a focus on Twin Cities real estate and surrounding communities.
http://joescherer.