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Casey Anderson's Blog

By Casey Anderson | Agent in Woodbury, MN
  • Shoreview First Time Home Buyers

    Posted Under: Home Buying in Shoreview  |  February 16, 2012 8:33 AM  |  630 views  |  No comments

    Are you planning on buying your first home in Shoreview? Many renters today are realizing that the recent rise in rent payments is making Shoreview more reasonable than ever before. With record low interest rates and reduced property values the monthly payments on your first home in Shoreview may be even lower than what you are paying for rent! If you are a Minnesota first time home buyer I would enjoy talking with you about the possibilities.

    City of Shoreview Information

    The City of Shoreview is a great place to consider if you are planning on buying a home. Located in Ramsey County is a convenient second-ring suburb just north of Saint Paul. Family Circle magazine named Shoreview as the fourth best place to live in their 2008 article. With seven lakes in the community Shoreview, MN offers recreational opportunities for everyone. If you're searching for affordable Minnesota housing consider looking in Shoreview.

    There are a wide variety of mortgage loan programs that may benefit today's first time home buyer. The most common today are FHA loans which allow you to get into a home with as little as 3.5 percent down. A program designed for American's veterans are known VA loans, a program with as little as zero down payment. If you find a home with Fannie Mae's Home Path logo, you might qualify for their 3% down Home Path loan which does not require mortgage insurance. Your mortgage lender will help find the best program based upon your loan qualifications.

    In addition to State of Minnesota down payment assistance funds many of our local communities offer assistance programs of their own as well. Each of these programs vary in terms of qualifications required to access the funds. Depending upon when you are reading this these programs may or may not be funded so we can check on it when you call me.

    MN First Time Buyers First Step

    For many Minnesota first time home buyers the big, intimidating question is where do I start the process? Your very 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.

  • How To Buy A home in Shoreview

    Posted Under: Home Buying in Shoreview  |  February 10, 2012 11:54 AM  |  457 views  |  No comments

    Would you want to learn something about how you go about buying a home in Shoreview? The answers to how to buy a home can be confusing for many home buyers, especially for the MN first time home buyer. As this process can be quite complext I would like to take a moment to share with you some simple tips of how to help you accomplish your goal.

    How To Buy A home in Shoreview

    Most Minnesota home buyers start their search on the internet, of course. There are many ways to accomplish this but a good place for you to start is to use the MLS search on my personal website. There are tens of thousands of Minnesota real estate websites out there but you will soon find that many of them lack some of the important details you need when finding a home. For example, the large national websites do not show the property taxes for each Minnesota real estate listing which is a crucial factor when determining what your monthly payments will be.

    Search for a home in Shoreview on my website

    When you search for homes in Shoreview on my website you will find all of the available listings from all of the real estate companies in the area. Through the use of the Multiple Listing Service (MLS), my website gives you complete details from every company. Additionally I can set up a specific search for you so that I can email you when properties in your price range come available.

    Get Preapproved To Buy A home in Shoreview

    How will you know what price range you should be hunting for? In order for you to know the amount of monthly payments you will get for a home in Shoreview you will have to get prequalified for a home loan. Getting preapproved is the most important part of the process for how to purchase a home in Shoreview 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 a Minnesota mortgage lender I will take you out for showings on homes in your price range. I generally recommend that we look through at least fifteen or more before you make your offer to purchase one. By doing a thorough search you will know homes that are a excellent value for you to buy. When a home comes available meeting your needs you should be ready to make your offer since properties now sell fast.

    After the purchase agreement, and before closing

    Once you’ve 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 also order an appraisal on your home to make sure the price of the home you are buying is in line. They will also order a title policy to make sure the title to the home is clean.

    Closing on your home

    After you receive your complete loan approval from your lender you will ready for closing. At loan closing, all of the involved parties get together to sign documentation as well as to exchange house keys, etc. Once you’ve closed on your home you are ready to move in!

    City of Shoreview Information

    The City of Shoreview is an awesome place to consider if you are considering buying a home. Situated in Ramsey County is a convenient second-ring suburb just north of Saint Paul. Family Circle magazine named Shoreview as one of the Top 10 best places to live in a 2008 article. With seven lakes in the community Shoreview,MN offers an array of recreational opportunities. If you are searching for affordable housing in the Twin Cities area consider looking in Shoreview.

    Do you believe you're ready to start the process of searching for homes? Please just send me an email or give me a call as I am looking forward to helping you find your dream home!

    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.

 
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