One of the most reassuring statements for a prospective homebuyer is the confirmation of “clear to close.” This declaration represents a significant achievement within the intricate realm of mortgage lending. It signifies that the underwriter has meticulously reviewed and approved the application, paving the way for the subsequent stages involving…
Category: Home Buyers Guide & Tips
The Importance of Conducting a Final Walkthrough: A Must-Do Before Closing
The final walkthrough serves a distinct purpose. It’s important to clarify that the final walkthrough is not intended for negotiating repairs or adding contingencies with the seller. Instead, its primary objective is to verify that the property you’re buying aligns with the agreed-upon condition. This step ensures that any previously…
Twin Cities Homebuying: Questions to Ask When Touring a Condo or a Home
When you’re ready to begin searching for a new home, it’s easy to get swept up by the homebuying process. The combination of an exciting prospect of becoming a homeowner for the first time and the lack of education pertaining to the process can often lead to you leaving a…
Twin Cities Real Estate Market
The Twin Cities housing market has been crazy over the past few years. While there have always been periods of ups and downs, buyer’s markets and seller’s markets, yet the frenetic pace and swings has had everyone speculating. Now that interest rates have climbed back to more “normal” levels, those…
Are You Looking for Ways to Save for a Down Payment on a New Home?
A question for some homebuyers is… How can I save up enough money for a down payment on a condo or a home? For those who don’t have access to family wealth or are having trouble scraping together the funds, side jobs can be an invaluable source of income. Here…
What Is Earnest Money? Why Do I Need It?
If you’ve never been through the home-buying process, some of the terminology can seem a bit foreign to you. One of the many phrases you might come across is earnest money. When making an offer on a condo or home, it is often encouraged to include earnest money with that…