Are You Ready For Home Ownership?

Once you make the decision to buy a Minneapolis home it’s easy to get carried away with the excitement and start immediately looking at houses for sale. Especially if you’ve been a lifelong tenant, you may know next to nothing about the entire home purchase process.

Rest assured that this is a process, however, with clearly defined steps to a successful outcome. Looking at homes comes later. The first step is to ensure that you are both financially and emotionally ready to buy a house.

Because buying a house is akin to a business transaction, emotions have no part in the process. Understand that, yes, homeowners do have more freedom to use the property however they wish – to paint the walls and make improvements. But, homeownership comes at a cost – insurance, taxes and the cost of home maintenance.

Then, you must be sure you can afford the purchase and only a lender can help you here.

Search now for homes in the area.

Questions for Prospective Homeowners

How much can you Afford?

You may think you know how much you can afford to spend every month on a house payment, based on the amount of rent you are currently paying. The aforementioned costs of homeownership, however, change that calculation.

Only a lender can help you determine both how much you can a fford to pay every month and the maximum amount you can borrow to purchase the house.

The lender will look at the ratio of your debt-to-income so ensure that your total debt doesn’t exceed 36 percent of your gross monthly income.

We Can Help

When it’s time to start viewing houses for sale in Minneapolis in your price range we would be honored to assist you. Remember, buyer’s representation costs you nothing, as the sellers pay all real estate fees.

When you put the Kris Lindahl Team to work you can rest assured that we will listen to you, that we won’t waste your time and that you’ll end up with the home that is just right for you.

From the first interview where you let us know what you want in a house, to the moment that you receive the keys, trust the Lindahl Team to help you with the complicated process of buying a Minneapolis home. Don't hesitate to contact us to find out more about how we can make the home buying process easier!

Contact us for more information about first time home purchasing.