Ready To Buy A home in South St. Paul?

Do you want to learn about how you go about buying a home in South St. Paul? Learning how to buy a home can be confusing for many 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 South St. Paul

Most MN 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 location for you to start is to use the MLS search engine on my website. There are thousands of websites out there but you will soon find that many of them lack some of the important details you need when finding a home. The large national websites, for example, do not show the county property taxes for each home which is one of the most critical factors when estimating what your monthly payments will be.

Search for a home in South St. Paul on my website

When you start for your search for homes in South St. Paul on my website you will find all of the property listings from all of the real estate companies. Through the use of the Multiple Listing Service (MLS), my property website will offer you complete details from every company. One of the other things I can do is to set up an advanced search for you so that I can email listings in your price range as they come available.

Get Preapproved To Buy A home in South St. Paul

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 have for a home in South St. Paul you will need to get preapproved for mortgage financing. Getting through the preapproval process is the critical first step for how to purchase a home in South St. Paul 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 recommend that we look through at least 15 or 20 of these before you make your offer to buy one. By searching extensively you will get educated on homes that are a excellent value for you to buy. When a home 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 decided to make 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 lender will collect all of the necessary documentation they require from you to complete your loan commitment. They will almost always order an appraisal on the home you are buying to make sure the price of the home you are buying is in line. They will also order a title policy from a title company to make sure the title to your new home is clean.

Closing on your home

After your loan has been fully approved 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. Once you’ve closed on your home you are ready to move in!

South Saint Paul: Community Information

Just a little bit south of Saint Paul you will find a city with 20,000 residents called South Saint Paul. Steeped in Minnesota history, South St. Paul is one of the original meat packing districts in the U.S. Because South Saint Paul is located in Dakota County first time buyers can may well benefit from the Dakota County first time home buyer program. With a good Park and Rec program available in South Saint Paul it seems there's always something to do! Due to an ample supply of affordable housing now available this is an ideal location for the MN first time home buyer. Are you ready to search for homes in South Saint Paul? Please take a moment to give me a call or send me an email!

Are you ready to start the process of searching for homes? Just give me a call or send me an email and I am looking forward to helping you find your dream home!

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