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The Three Secrets to Purchasing a New Home in 2018

January 9, 2018 by Joe Grunnet

The Minneapolis real estate marketing is booming. Not only is it a great time to sell with houses flying off the marketing in an average 48 days, it is also a good time to buy. Amazing units with amazing views are popping up for sale every week. What with all the information out there on how to buy a house, what do you actually need to know? At DRG we cleared away all the fluff and narrowed it down to the top three things you need to know if you are going to buy a house or condo in 2018.

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 that dominates in their market. For instance, if you are looking for purchase a condo, look for an agent that specializes in condos as they will be best equipped to educate you on the process and negotiate on your behalf. Next, you 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. It is very common to find yourself in a multiple offer situation and your agent should be able to help you navigate what that means and how you can position yourself for the best outcome.

2. Get to know the neighborhood. Are you looking for great school districts? Or to live a specific 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 that specializes in that neighborhood is key. At DRG we pride ourselves for being Minneapolis experts. Not only can we find you the Condo or Loft of your dreams, we will be able to explain the neighborhood so you can truly picture your life in your new unit.

3. Go with your instincts and knowledge. Not all of us will get that warm fuzzy feeling when buying a home and on the other hand, 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 have gained for your agent and lender to make a decision that is right for you. You need to feel comfortable not only making the monthly payments, but also feel that you can grow in the neighborhood and property.

DRG wants to help you navigate the Minneapolis real estate market so you can find the home of your dreams in 2018. Not only are we experts in the Minneapolis market, we have the knowledge and experience to help you be prepared for whatever is thrown your way during the home buying process. To get started on your condo or apartment search be sure to check out our Ultimate Condo Guide and Ultimate Apartment Guides on our website.


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