The Three Secrets to Purchasing a New Home in Minneapolis

January 9, 2018 by Joe Grunnet

The Minneapolis real estate market is flourishing. Not only is it a great time to sell—with houses flying off the marketing in an average 48 days—but it is also a good time to buy. Amazing units with incredible downtown views are popping up for sale every week. With all the information out there on how to buy a house, what do you need to know to live your dream lifestyle?

At DRG we cleared away all the fluff and narrowed it down to the top three things you need to know about purchasing a new home in Minneapolis.

  1. Do Your Homework. You don’t want to find the home of your dreams just to lose it because you didn’t have all of your ducks in a row. First, you need to find the right real estate agent. Look for an expert who dominates in the market. For instance, if you’re looking to purchase a condo, look for an agent that specializes in condos for sale in Minneapolis, as they will be best equipped to educate you on the process and negotiate on your behalf. Next, you’ll want to find a lender and get pre-approved. If you don’t know where to start, you can ask your agent for a recommendation. Again, with today’s fast-moving market, you never want to miss out because you didn’t have your paperwork in order. Lastly, you should familiarize yourself with what it means to be in a multiple offer situation and be prepared for it to happen. Your agent should be able to help you navigate what that means and how to position yourself for the best outcome.
  2. Get To Know The Neighborhood. Are you looking for great school districts? Or to live the walkable downtown lifestyle? It is so important to get to know the neighborhood and get a feel of the lifestyle you would have in that specific area. For example, if you are looking to be within walking distance of restaurants and entertainment, Downtown Minneapolis might be a better fit over a suburb. That is why finding an agent who specializes in that neighborhood is key. At DRG we pride ourselves for being top Minneapolis realtors. Not only will we find you the Minneapolis condo or loft of your dreams, we will be able to introduce you to the neighborhood, so you can truly picture your life in your new community.
  3. Go With Your Instincts and Knowledge. Not all of us will get that warm fuzzy feeling when buying a home and you shouldn’t buy a house just because of that warm fuzzy feeling. While it is important to listen to your gut instinct, you can’t rely on that alone. You must also use the knowledge you’ve gained for your agent and lender to make a decision that’s right for you. You need to feel comfortable not only making the monthly payments, but you also need to feel that you can grow in the neighborhood and property.

For more tips on purchasing a new home in Minneapolis, contact DRG. We’ll help you navigate the Minneapolis real estate market and find Minneapolis lofts and condos for sale that suite your style. Not only are we experts in the Minneapolis market, we also have the knowledge and experience to help you prepare for whatever is thrown your way during the condo or town buying process. To get started on your search, check out our Ultimate Condo Guide and Ultimate Apartment Guide on our website.

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