Are you wondering about how you can buy a home in Cottage Grove? Learning how to buy a home can be confusing for many buyers, especially for the MN first time home buyer. Since this process can be rather complicated I wrote this blog post to offer some tips of how to accomplish your goal.
How To Buy A home in Cottage Grove
Most home buyers begin their process of buying a home on the web, of course. There are many internet sites to begin this but a good place to start is to use the search engine on my website. There are tens of thousands of Minnesota real estate websites out there but you will soon find that many of the sites lack important details you will need when finding and pricing a home. National real estate websites do not show the annual property taxes due for each of the property listings which is one of the biggest factors your lender will need to determine what your monthly payments will be.
Search for a home in Cottage Grove on my website
When you search for homes in Cottage Grove on my website you will find all of the available listings from all of the real estate companies in the area. Because I am part of the Multiple Listing Service (MLS), my website gives you complete details from every company. I can also set up a specific MLS search for you so that I can notify you by email when listings in your price range come available.
Get Preapproved To Buy A home in Cottage Grove
How will you know what price range for a home you should be hunting for? In order for you to know the amount of monthly payments you will have for a home in Cottage Grove you will want to get a preapproval letter for a mortgage loan. Getting through the preapproval process is the critical first step for how to buy a home in Cottage Grove Since there is no cost or obligation when you get prequalified by one of our local MN mortgage lenders, you should do this right away so that you can clear any roadblocks there might be in the process of getting a home loan.
Let's go look at homes!
After you have been preapproved by one of our trusted local mortgage lenders I will take you to available listings in your price range. I usually suggest that we look through at least 15 or more of these before you make your offer to purchase one. By doing a thorough search you will know homes that are a good value to buy. When a listing comes available meeting your needs you will want to be ready to make your offer since properties at a good value sell fast.
After the purchase agreement, and before closing
Once you have made your offer it usually takes about 30 or longer before you go to your loan closing to finalize the purchase of your home. During this time your mortgage lender will collect all of the documentation that they need from you to finish your loan approval. They will almost always order an appraisal on the home you are buying to estimate the value based on the sale of other homes. They will also order a title policy to make sure you will get clean title to the home upon purchase.
Closing on your home
After you receive your complete loan approval from your lender you will be ready to close on the purchase of your new home. At the loan closing everyone gets together to sign documentation, exchange funds, as well as to exchange house keys, etc. Now that you have closed on your home you are now ready and able to move in!
Information about Cottage Grove
Situated just eight miles south of Saint Paul, the city of Cottage Grove offers all the best of suburban living along with the benefits of the Twin Cities. With a little over 34,000 in population Cottage Grove, MN offers plenty of affordable suburban housing. Cottage Grove high school students attend one of the 4 schools, Woodbury High, East Ridge High School, Alternative Learning Center, or Park High School. Students in middle school will attend Cottage Grove Middle School, Lake Middle School, Oltman MS, or Woodbury Middle School. There are recreational opportunities available for all ages with an well-planned Park and Rec department. If you're interested in buying Cottage Grove please give me a call to help you start your search.
Are you ready to start the process of looking for homes? Just send me a quick email as I am glad to help you begin your search for a home in Cottage Grove!
Sales Executive, Licensed Realtor in Minnesota
Woodbury, MN 55125
With a focus on Woodbury homes for sale and surrounding communities.