Tips for Buying a Home in the Spring

What to know before buying a home

Spring is a busy time for REALTORS® – homebuyers and sellers start to think about open houses, listings and where they want to live. We’re out of the winter months (hopefully!) and ready to start seeing those open house signs in neighborhoods across Minnesota.

But, before you figure out which home is right for you – you need to think about a few things. Minnesota Association of REALTORS® President June Wiener recently talked on KSTP TV about what buyers should do right now – before buying in the spring. If you missed the segment on TV – you can watch it here and share some of the insight with buyers you’re working with!

Find a REALTOR®

First – find a REALTOR®. An experience REALTOR® can hone in on what you’re looking for and give you great insight into neighborhoods and communities that you’re interested in. You can find a REALTOR® on the Minnesota Association of REALTORS® website. Asking friends, family and coworkers for recommendations is also a great way to find an agent.

Second, get pre-approved. Knowing what you can afford is a key first step for buyers. Sellers will also be more likely to work with you if they know your financials have been looked at already. You also don’t want to look at properties that are out of your price range. A REALTOR® will have great recommendations for a financial officer to look at your credit.

Location

It’s always location, location, location when we talk about real estate. What do you want out of your home? Do you want to be in an area where you can walk to the store and restaurants? Are there parks nearby? How is the school system. Even if you don’t have kids, the people who will buy your home when you’re ready to move might.  What’s the commute like? One great thing to do when you’ve narrowed your search down to a few areas is to drive to and from your job – during rush hour. You’ll get a true idea of what it would be like to live there.

Type of Property

Lastly, determine what type of property you’re interested in. If you have the time, budget and talent (or a family member who’s handy) you might want to invest in a fixer-upper. You can find great deals on homes that need some work. That could be a complete remodel or just updating cabinets and appliances. Some buyers want to move right in – so new construction or a house in great shape will be what you want to look at.

What’s your best piece of advice for someone looking to buy a home?

 

The Minnesota Association of REALTORS® is the largest professional trade association in the state with more than 19,000 members who are active in all aspects of the real estate industry.

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