Are you planning to buy your first home in Cottage Grove, MN? There are a few things that I would like to share with you about Cottage Grove real estate
to help ensure you avoid some of the bigger mistakes that many first
time buyers make. With some basic preparation you can avoid some painful
Info about Cottage Grove
Located just 8 miles south of Saint Paul, the city of Cottage Grove
is often considered one of the Twin Cities bedroom communities. With a
population over 34,000 Cottage Grove offers a wide array of affordable
suburban housing. Cottage Grove high school students attend one of the
four high schools, Woodbury High, East Ridge High School, Alternative
Learning Center, or Park High School. If you have students in middle school they would attend either Cottage Grove Middle School,
Lake Middle School, Oltman MS, or Woodbury Middle School. There is
always something to do in Cottage Grove with an well-planned Park and Rec department. If you are searching for Cottage Grove please give me a call to get out looking.
1) Get preapproved for mortgage financing first! I meet far too many
first time home 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
even during the evenings or on weekends, and generally right over the
phone. There is no cost for the service and absolutley no obligation so
why not start the process of preapproval immediately?
2) Get educated about the whole process of buying a home as soon as you can. 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 canâ€¦and as early as you can.
3) Get a home inspection on the house you are planning to buy. While a
home inspection is not required it can sometimes reveal major potential
problems in the home 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 cost involved.
This cost is cheap when compared to making a purchase of a home that
later reveals multiple problems.
4) Take care of your credit after preapproval. After you have received your preapproval for mortgage financing your Minnesota mortgage company
still might need to check your credit again. Make your payments on time
and do not open up any new credit. You should avoid additional credit
inquiries after your preapproval application to avoid potential problems
with your credit score.
5) Be choosey when shopping for homeowners insurance. If you were to
call 3 different homeowner's insurance companies you will get 3 quotes
that could vary by as much as double! Immediately after your loan
application you should start your search for insurance and get a few
The First Step: Get Preapproved!
For many MN first time home 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 research homes in a comfortable price
Sales Executive, Licensed Realtor in Minnesota
14451 Founders Lane
Apple Valley, MN 55124
With a focus on Apple Valley real estate and surrounding communities.