Are you planning to buy your own home in Vadnais Heights, Minnesota? There are a few things that I would like to share with you about Vadnais Heights real estate to help make sure that you avoid some of the biggest mistakes many first time home buyers make. With some very basic preparation you can avoid some painful pitfalls.

Tips for Minnesota First Time Home Buyers

1) Get preapproved for your home loan first! I have met far too many first time buyers who find their home before they get prequalified for a home loan. It can be an extraordinarily painful experience to go through the work of finding the ideal home only to find out you are not yet ready to qualify for a home loan. You can get prequalfied with my preferred MN mortgage lender right over the phone. There is no cost and no obligation so why not start the process immediately?

2) Get educated about the process of home buying early on. You can learn a great deal at a first time home buyer seminar or at a Home Stretch Worshop available through many communities around the Twin Cities. There is so much to know about the home buying process that it is well worth it to learn as much about it as you can…and as early as you can.

3) Get a house inspection from a licensed professional on the house you are planning to buy. While a professional home inspection is not usually required by your lender it can reveal major potential problems in the house before you are fully committed to the purchase. I will help you negotiate a transaction with a contingency upon a professional home inspection that is satisfactory to you so that if it comes back bad, you can back out of the transaction. Some first time home buyers will skip the home inspection because of the $300 to $500 cost of the inspection. This cost is cheap when compared to making a purchase of a home with so many problems that it becomes a money pit.

4) Take care of your credit after preapproval for mortgage financing. After you have received your preapproval for mortgage financing your lender still might need to check your credit again. Make your payments on time and do not open up any new credit. Additionally, avoid additional credit inquiries after your preapproval to avoid a reduction to your credit score.

5) Don't get lazy when shopping for homeowners insurance. If you were to call 3 different homeowner's insurance companies you will get three quotes that can vary by as much as double! Immediately after your loan application you should start your search for insurance and get a few different quotes.

Vadnais Heights Community Info

Located just north of downtown St. Paul, Vadnais Heights ,MN is a beautiful smaller suburb in the Twin Cities Metro. With an easy 20-minute commute to all of the attractions of the larger city, residents here also enjoy the feel of small Minnesota town. Living in Vadnais Heights means you'll have easy access to more than 100 acres of parkland spread across 14 city parks. With plenty of affordable housing, MN first time home buyers may benefit from the Ramsey County First Home program. If you are interested in buying or selling a home in Vadnais Heights please give me a call.

First Step In The Process

For many MN first time buyers the big, intimidating question is where do I start the process? Your first step to home ownership is to get preapproved for a first time buyer's mortgage. By doing so you find out how much of a loan you are qualified for so that we can search for homes in the right price range.

Casey Anderson
Sales Executive, Licensed Realtor in Minnesota
IBR Realty
caseyanderson@ibrrealty.com
Cell 651-245-1820
Woodbury, MN 55125
With a focus on Woodbury real estate and surrounding communities.