That’s an exciting time!
But it can also be a little overwhelming — what should you look for in a new home? How much can you afford? How are you going to coordinate the sale of your current home with the purchase of your next?
We’ve been working with homeowners in Minneapolis / St Paul (Twin Cities) for a long time now… and we’ve learned a few tricks 😉
So here are some tips for buying your next home!
Save Up For a Down Payment — Getting a home loan will require you to have a decent chunk of money as a down payment. The bigger the down payment, the less you’ll have to pay in monthly mortgage payments.
Calculate Your Mortgage — Want to know how much you’ll need to pay every month toward your mortgage? Finding out is super easy! Just Google search for “Mortgage calculator”, enter your info, and estimate your payment.
Check Your Credit — What’s your credit score look like? Getting a loan on a home will require at least decent credit.
Coordinate The Sale of Your Home — You’ll also need to sell your current home. It’s a good idea to coordinate this with your real estate agent to make sure that everything closes around the same time. If you want to sell quickly, as-is for a fair cash price, then give us a call at 612-594-5097 and we’ll be able to help you out!