Roseville First Time Home Buyers Tips

Are you planning to buy your first home in Roseville, MN? There are some basic things I would like to share with you about Roseville real estate to help ensure you avoid some of the bigger mistakes that many first time buyers make. With some simple preparation you can avoid some of the most painful pitfalls.

5 Tips For Roseville First Time Buyers

1) Get preapproved for your home loan 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 a painful experience to go through the work of searching for the perfect home only to find out you are not yet ready to qualify for a loan. You can get preapproved with my preferred Minnesota 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 immediately?
2) Get educated about the process of home buying early on. 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 process that it is well worth it to learn as much about it as you can…and as early as you can.
3) Get a home inspection on the house you are planning to buy. While a professional home inspection is not usually required by your lender 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 $300 to $500 cost of the inspection. This cost is cheap when compared to making a purchase of a home that later reveals multiple problems.
4) Please take care of your credit after preapproval. After you have received your preapproval for a home loan your lender still might need to check your credit again. Make all of your monthly payments on time and do not open up any new credit. Additionally, avoid additional credit inquiries after your preapproval application to avoid potential problems with your credit score.
5) Be choosey when shopping for house insurance. If you call three homeowner's insurance agents you will get three quotes that can vary by as much as double! Immediately after your loan application you should start your search for insurance estimates.

Information About Roseville, Minnesota

There are many great reasons to consider living in the City of Roseville. As one of only two cities with contiguous borders to both St. Paul and Minneapolis, residents have a convenient commute to a wide variety of employers. Homeowner's in Roseville also enjoy some of the lowest property taxes in the area partly due to its commerically-zoned land. Home to the original Target and Best Buy stores, Roseville is a major shopping district and has more restaurants per capita than anywhere else in the Twin Cities. Students in the area attend one of the schools in the Roseville Area Schools system, District 623. If you are thinking of buying or selling Roseville real estate please give me a call or send me an email.

First Step To Buy A Home: Get Preapproved

For many MN first time home buyers the intimidating question is where do I start? 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 you are qualified for so that we can search for homes in the right price range.

Robert Phyle,CSP,GRI,RSA
Broker Associate, Realtor
Coldwell Banker Burnet
rlphyle@cbburnet.com
Cell 612-801-4657
Direct 952-997-1955
Fax 952-432-8372
7741 147th St W.
Apple Valley, MN 55124
www.facebook.com/robphylerealestate
Visit my website to find Minnesota homes for sale