If you’re looking to use an FHA loan product to buy a condo or loft, the condominium project must meet the eligibility requirements of the Federal Housing Administration (FHA). FHA-insured loans offer some significant benefits for the home buyer, such as lower down payment requirements and reduced lender fees, and…
Category: Buy A New Home or Condo in Minneapolis St Paul
Home Issues That Shouldn’t Be Deal-Breakers and a Few That Might Be
Finding the right home can sometimes feel like hunting for a needle in a haystack. Unless you’re buying brand-new construction, every home has some drawbacks, whether it’s style or real maintenance issues. If you’re looking for your next home, understanding the difference between minor issues and true deal-breakers can help…
Owning a Twin Cities Condo or Home Is Still More Affordable Than Renting One
If spending more time at home over the past year is making you really think hard about buying a home instead of renting one, you’re not alone. You may be wondering, however, if the dollars and cents add up in your favor as home prices continue to rise. According to the…
Buying a Home in Minneapolis- Saint Paul with an Easement
If the home you’ve fallen in love that has an easement, you may be wondering how this affects you. An easement gives a person or entity the right to use part of your land, but only for a very specific reason. For example, a utility company may have an easement…
What to Consider Before Buying a House
Buying a house in Minneapolis, St. Paul or the surrounding area is a big decision and requires some serious commitment from your end. Given that it’s probably the biggest investment you’ll make in your life, you don’t want to go wrong with it. Here’s a guide on what you should…
Eleven Steps to Buying a Home in the Twin Cities
So you want to buy a house? Congratulations! As first-time homebuyers, the process can be daunting, so we’re here to break it down for you in 11 simple suggestive steps. Tack this to the fridge or keep it in your wallet. 1. Locate and meet with an agent. Specifically, a local…