Special offer

Minnesota REALTOR® Teri Eckholm Helps Homebuyers Find Answers to 100 Real Estate Questions!

By
Real Estate Agent with Boardman Realty Minnesota License#90858

After years working of with first time home buyers I realize they have many, many questions as they move through the process of buying their dream home. Some of these are general in nature and some are very specific to a property and location. While specific questions are best handled by a local REALTOR®, I have found a great an on-line resource to assist in some of the more general questions.

The US Department of Housing and Urban Development, better known as HUD, is the place with the answer to 100 Real Estate questions for first time buyers as well as buyers who have bought a home or two before. The HUD site has a list of 100 of the most commonly asked questions regarding real estate and the process of how to buy a home. To make it easier for a potential buyer to find answers, the questions are broken down into ten areas:

  1. Getting Started
  2. Finding a Home
  3. You've Found It
  4. General Financing
  5. First Steps
  6. Finding the Right Loan
  7. Closing
  8. How Can HUD and FHA Help
  9. Mortgage Insurance
  10. FHA Products

What kinds of basic home buying questions are on the list? Here are a few sample questions:

  • HOW DO I KNOW IF I'M READY TO BUY A HOME?
  • WHAT SHOULD I LOOK FOR WHEN DECIDING ON A COMMUNITY?
  • IS AN OLDER HOME A BETTER VALUE THAN A NEW ONE?
  • HOW CAN I FIND INFORMATION ON THE PROPERTY TAX LIABILITY?
  • DO I NEED TO BE THERE FOR THE INSPECTION?

The answers to these home buying questions (and 95 more), can be found at the HUD website. The HUD site will not have an answer to every question you might have. That's where an experienced real estate professional, such as myself, can help you with the process. But, if your not ready to call me, these 100 questions will get you off to a great start in your journey to purchase your dream home.

Got a specific question on Minnesota Real Estate?

Email me a question on Minnesota real estate and I will get you an answer as soon as I can!

If you are buying, selling or relocating to Minnesota and would like the assistance of a professional REALTOR ®, give me a call or visit my website for a FREE Relocation Packet. I specialize in acreage and lakeshore properties in the north and east Twin Cities metro area including Ham Lake, Lino Lakes and all communities in the Forest Lake School District! Serving Anoka, Chisago, Ramsey and Washington Counties in Minnesota.

Buying a Home? Check out my new HOME BUYER'S BLOG!

Copyright 2008 Teri Eckholm  http://www.terieckholm.com/

Posted by

Teri Eckholm. REALTOR with Boardman Realty, is a native Minnesotan who has lived and worked in the Minneapolis St Paul metro all of her life. She specializes in lakeshore homes, acreage properties and first time home buyers but assists anyone making a move in the north and east Twin Cities metro.

If you are buying, selling or relocating to Minnesota and need help from a professional REALTOR®, give Teri , a call or visit her website for a FREE Home Buyer Success Guide or FREE Home Value Report She specialize in acreage and lakeshore properties in the north and east Twin Cities metro area including Ham Lake, Lino Lakes and all communities in the Forest Lake School District! Serving Anoka, Chisago, Ramsey and Washington Counties in Minnesota.

Copyright 2019 terieckholm.com

 

******************************************************************************************************

LIKE MY BLOG? Subscribe, Follow or Like...It's your choice!

 

 

Comments(28)

Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

This is good information for us realtors when working with first time buyers.  Many times they have lots of questions, and it would be nice to just give this to them to get started, and then go from there.

Nov 25, 2008 08:22 AM
Teri Eckholm
Boardman Realty - White Bear Lake, MN
REALTOR Serving Mpls/St Paul North & East Metro

Sharon--As a matter of fact, a first time buyer can buy lakeshore or acreage in MN as their first home. We are the land of 10,000 lakes after all. Now if you mean a home on a full recreational lake near the metro, the answer would be not as positive. But as there are many environmental wetland shorelines in 3rd ring suburbs that are considered lakeshore or on a channel shore to a bigger lake, then yes, a first time buyer can afford to buy a lakeshore home.

Nov 25, 2008 10:20 AM
Teri Eckholm
Boardman Realty - White Bear Lake, MN
REALTOR Serving Mpls/St Paul North & East Metro

Gary--There is a wealth of knowledge there for those just starting out thinking of buying a home!

Nov 25, 2008 10:21 AM
Teri Eckholm
Boardman Realty - White Bear Lake, MN
REALTOR Serving Mpls/St Paul North & East Metro

Carole--Thank you...Setting up links to get people started is a great way to be a resource!

Nov 25, 2008 10:22 AM
Teri Eckholm
Boardman Realty - White Bear Lake, MN
REALTOR Serving Mpls/St Paul North & East Metro

Marchel--Feel free to create what you would need. I actually have the links on my static website as well.

Nov 25, 2008 10:24 AM
Teri Eckholm
Boardman Realty - White Bear Lake, MN
REALTOR Serving Mpls/St Paul North & East Metro

Terry--Now you guys will all look so smart to your readers! :)

Nov 25, 2008 10:29 AM
Teri Eckholm
Boardman Realty - White Bear Lake, MN
REALTOR Serving Mpls/St Paul North & East Metro

Lynda--Thank you...Whether they are in Anoka County or anywhere in MN or the US, a lot of the HUD information applies!

Nov 25, 2008 10:30 AM
Teri Eckholm
Boardman Realty - White Bear Lake, MN
REALTOR Serving Mpls/St Paul North & East Metro

Sandra--Why thank you! I love assisting first time buyers...though I do help all other types of buyers too. First time buyers are fun because they are so excited when they find that right house and everything comes together!

Nov 25, 2008 10:31 AM
Teri Eckholm
Boardman Realty - White Bear Lake, MN
REALTOR Serving Mpls/St Paul North & East Metro

Tim--Good for first time buyer and those who bought their first home awhile back and need a refresher course too!

Nov 25, 2008 10:53 AM
Teri Eckholm
Boardman Realty - White Bear Lake, MN
REALTOR Serving Mpls/St Paul North & East Metro

Troy--I think it is a great resource for first time buyers!

Nov 25, 2008 11:02 AM
Marzena Melby
Coldwell Banker Burnet Realty - Richfield, MN
Realtor, Twin Cities Minnesota Real Estate

Awesome resource for the buyers, Teri!

Happy Thanksgiving to you and yours.

Nov 26, 2008 12:19 AM
Lisa Ryan
Callaway Henderson Sotheby's International Realty - Montgomery, NJ
Selling Princeton,West Windsor and Montgomery Town

Teri~ I love the way you laid out this information.  60% of my business this year were first time home buyers.  Education and resources are the key to getting them off the fence and buy.

Nov 26, 2008 02:42 PM
Teri Eckholm
Boardman Realty - White Bear Lake, MN
REALTOR Serving Mpls/St Paul North & East Metro

Marzena--Thanks! Hope you and your family have a wonderful day too!

Nov 26, 2008 11:14 PM
Teri Eckholm
Boardman Realty - White Bear Lake, MN
REALTOR Serving Mpls/St Paul North & East Metro

Lisa--With the affordability index way up, it is no wonder that so many first time buyers are taking advantage of the deals on real estate. Having a resource like HUD is a good place to start to get answers...Then they need a good local agent!

Nov 26, 2008 11:17 PM
Rebecca Levinson, Real Estate Marketing and Online Advertising Consultant
Real Skillz-Clear Marketing for Your Real Estate Vision - Lake Geneva, WI

Teri- That's a great way to help people, no matter how friendly Google is, I think the best links I get are from other sites and blogs.  This one should be a hit for sure.

Nov 28, 2008 12:32 PM
Lizette Fitzpatrick
Lizette Realty - Richmond KY - Lexington, KY
Lizette Realty, Lexington KY MLS - Kentucky Homes

This is a great idea. I need to do this on my website for buyers. But tonight, I'm tired and going to bed!

Nov 28, 2008 02:41 PM
Teri Eckholm
Boardman Realty - White Bear Lake, MN
REALTOR Serving Mpls/St Paul North & East Metro

Rebecca--Thanks! Often providing links is much easier than 'reinventing the wheel' so to speak.

Nov 29, 2008 12:42 AM
Teri Eckholm
Boardman Realty - White Bear Lake, MN
REALTOR Serving Mpls/St Paul North & East Metro

Lizette--Absolutely add these links to your website. I have had them on mine for years. More information can only help buyers see you as the expert! :)

Nov 29, 2008 12:44 AM
Karen Kruschka
RE/MAX Executives - Woodbridge, VA
- "My Experience Isn't Expensive - It's PRICELESS"

Teri,  An excellent post - it should generate some phone calls - we all need everyone we can get these days,  Karen

Nov 29, 2008 08:52 AM
Teri Eckholm
Boardman Realty - White Bear Lake, MN
REALTOR Serving Mpls/St Paul North & East Metro

Karen--Thank you! There are so many questions out there...it is nice to be able to offer resources or be a resource for answers!

Nov 30, 2008 12:23 AM