Tuesday, August 5, 2008

Real Estate FAQs for First Time Home Buyers in Minnesota

Below are common questions I receive from today's buyers. Please feel free to leave me your own questions!

How much does it cost me to work with you?
If your are engaging in the home buying process, my services are free to you. The seller of a property pays all brokerage commissions. I do not charge my clients anything when searching or after we have found and closed on the property.

What properties are you willing to show me?
As your Realtor, I can show you properties listed by me, my brokerage, and any other brokerage. All active listings on the MLS are available for us to view no matter the listing agent or their brokerage. Furthermore, I am often made aware of properties for sale before they are even added to the MLS.

What will you do for me besides send me listings?
In the beginning of our work together, I will ask you questions to fully understand what you are looking for. With my knowledge of the Twin Cities, surrounding areas and greater Minnesota, I am able to guide you around the location(s) you prefer. Further more, I research the market and surrounding markets to help you make the best decision when it comes to the property and area that best suits you. I measure resale-ability, recently sold properties, currently listed properties and expired properties. Having this information helps you be confident in making an offer. I also preview properties before bringing you through. I will work to educate you on pros and cons of each property and what different neighborhoods offer. You can ask me any question and I will work to get you the correct answer the first time.

After we have found the perfect property, I utilize other resources to ensure the successful close of your property. I have access to highly professional mortgage lenders and title closers within my office. My role continues throughout the closing process to ensure all contract deadlines are met and the closer is on track for the closing date. Finally, my role doesn’t end after closing. I have an extensive list of contractors, handy-people and resources should you need them during any time of your ownership.

Is it a good time to buy?
Yes. Especially if you are planning to spend five or more years in your home. Prices are lower and inventory is high. Sellers are more willing to negotiate even lower prices. The real estate market is still and always will be one of the best ways to invest your money. I take serious consideration of the current market challenges in guiding you through this process.

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