It might take longer for you to search and when the opportunity comes there will be a lot of people trying to get such a home- in the mean time you might also want to add robbinsdale, plymouth etc in your radar too.
I can give you more specifics anytime, from a lender's perspective.
Prime Mortgage, division of The Business Bank, FDIC
6900 Wedgwood Rd #100
Maple Grove, MN 55311
PS remember, price is only one piece. Let your agent help you define your buiying power!
And that is mainly what you will find at that price point are Splits with the possibilities of some Mod's coming into play.
How about a 4 bed 2bath or 4bed 3bath? That will not be an issue.
Depending on your goals a lot of buyers decide to go up 94 to Rogers where you can buy 2-stories at the same price point and get a lot for your money. I think this is partly the reason why demand is weak in Maple Grove, but at the same time there are advantageous there that people specifically look for.
You should start shoring up the financing right now so all your bases are covered once Fall hits. Lending is very tight these days, and if there is something that needs to be fixed you would rather know now then 4 months down the road. I can refer a loan officer to you if need be.
2nd, interview a couple Realtors to ensure they fit your goals as much as possible.
And Happy House Hunting!
1. Meet with a Local Mortgage Banker to get prequalified for mortgage financing. The Mortgage Banker will review all facets of your loan request to answer your questions with regards to the types of loans and maximum loan amounts you could qualify for.
2. Get a referral to a good, local, real estate attorney. Call the attorney, retain the attorney so you have her information handy when you make an offer. Having that information at time of offer helps you demonstrate to the Seller how serious you are, and they will consider your offer with more interest.
3. Line up a Home Inspector. A good home inspector will scare the heck out of you: that's what you pay him for! But you'll concentrate on the fundamentals of the property: roof free of leaks, plumbing, heating and electrical up to code and in good working order. Again, when you make an offer and you have your Home Inspector ready to go, your offer will be considered with much more interest by a Seller because you truly have your "ducks in a row" and your preparation demonstrates your serious attitude about conducting the purchase transaction in a timely manner.
4. Find an experienced Local Realtor who works in your desired shopping area. A serious pro Realtor will refuse to show you homes until you are Prequalified for mortgage financing. Don't take offense! That Realtor doesn't want you to be disappointed and wants you to have a smooth experience as you shop for your new home.
Put together your Team of real estate professionals and shop 'til you drop!
Thank you for your question! My name is Jason Lange and I am an agent with RE/MAX Results. I'd love to meet with you and your husband to go over your options! There are some really nice homes in the Maple Grove area that will meet your search criteria. Single family homes in this area go fast. So if you want to get into a home in that price range you will have to be very pro-active. As soon as a home hits the market, be the 1st person to look at it and have the option of making an offer before other people can. I just had clients looking in that area and that is what they said about working with me... I literally just received this review today...
."Jason Lange was the perfect balance of professional and personal in my opinion. Heâ€™s extremely knowledgeable in his industry but he doesnâ€™t overdo it. Iâ€™ve worked with agents in the past who seemed more concerned with flaunting their knowledge and abilities than actually listening to what I want and whatâ€™s important to me. Jason was very concerned with my wifeâ€™s and my wants and needs. He spent a lot of time with us to help us find the right home. I liked how he would sort of stay back during viewings and let us look around, take our time, and create our own opinions; but he would answer any questions or point out anything that we, as less experienced individuals, would probably overlook. He knew when to be aggressive and persistent when it came to contacting other parties on our behalf, but we always felt comfortable and in control while working with him. Jason is very prompt with his replies and thorough in his research, not to mention extremely accommodating. We have a 3 year old and Jason came equipped with movies in his car and emergency fruit roll-ups for our little guy to make a long day much more enjoyable for him. Our son still mentions quite often that he wants to ride in Jasonâ€™s car. Overall, I couldnâ€™t have been happier with Jason as our Realtor. When you work with him itâ€™s obvious he loves what he does and despite the tough economy over the last few years, heâ€™s still successful because heâ€™s very good at what he does. I would recommend Jason to anyone and everyone looking to buy or sell..."
I'd love to meet with you and your husband and go through your options! Please call or email me at your earliest convenience! Have a great night Liz!!!
Jason T. Lange
Realtor / CDPE (Certified Distressed Property Expert)
Licensed in MN / WI
612-247-7593 |Jason.email@example.com |
You're timing couldn't be better!!!! All of the market indicators are changing with the pluses and minuses in the right places! What that means is that prices are just at the beginning of climbing (as are interest rates) and inventory is declining. So, you're going to be among the buyers that are able to purchase in the "sweet spot", before prices start to climb to a great degree and before interest rates impact your purchasing power.
If you can purchase before rates go up, you're housing dollars will go MUCH farther than they will, let's say, a year from now!!
Let me know if you want me to send you the charts showing what the numbers are doing. They're updated every month.
Good luck!! Let me know if you'd like to have a coffee meeting to ask your questions and discuss how the process works. My specialty is first time home buyers!! Been in the business 18 years~