Minnesota Real Estate FAQs

FAQ


WHEN IS THE BEST TIME TO LIST MY HOME?

The best time to list your property is in the Spring. That is when the most buyers are active in the market helping drive up prices. April-June are ideal listing months for maximum profits.

SHOULD I GET A HOME INSPECTION?

It is always recommended to get a home inspection when purchasing a home. It is a one-time fee and could save you thousands in expenses later. The inspection will allow you to have the seller fix items in the home before you purchase it.

DO I NEED A REALTOR WHEN PURCHASING A HOME?

It is strongly recommended to have a Realtor represent you in purchasing a home. Transition Realty will always look out for your best interest in the transaction. We will ensure you get a good home for a good price.

SHOULD I BUY OR RENT?

The big question is how long you depend on staying in your home? If less than a few years it is probably best to rent, but if you plan to stay more than a few years it most likely better to purchase. Interest rates are historically low and the interest is tax deductible.

HOW MUCH IS MY HOME WORTH?

We know that you want to get the highest price possible. That’s why we research the current market to see what the highest reasonable price is. Here are a few hints on setting the right price:

Often, your home’s value depends on recent selling prices of comparable homes in your area. After reviewing the selling prices for such homes, the price is adjusted according to current market trends.

Buyers often look in the price range determined by their monthly ability and down payment.

Buyers are often very knowledgeable in their price range and often purchase by comparison. Unreasonable asking prices are an immediate turn-off.

Inviting a potential buyer to make an offer shows that you are willing to bargain. But if your asking price is outrageous, the buyer’s offer will most likely also be unreasonable.

It’s necessary to offer competitive pricing, terms, and conditions in your area. This will help you sell faster and get the full market value.

HOW CAN TRANSITION REALTY HELP YOU?

Whether you are listing or buying we have the knowledge to help you. We have been helping clients for over 20 years in many different markets. Our experience will ensure you get a good price whether selling or buying. Email info@transitionrealty.com for more information.

 

WHAT IF I HAVE BAD CREDIT?

That’s okay; we work with lenders that are specialized in challenging credit situations. It will not be a waste of time, even if you are currently unable to purchase, we will guide you on your next steps to repair your credit.

WHAT DO I NEED FOR A MORTGAGE?

If you decide to apply for a mortgage, you will need to supply information with regards to your income, expenses, and obligations. For a full list of the items you need to bring, please contact us.

WHY SHOULD I GET A MORTGAGE PRE-APPROVAL?

Getting a mortgage pre-approval is a great way to get started in the buying process. Properties are selling all the time and you want to be prepared to buy when you see the right property. This also shows the seller how serious you are about buying a property, and it will make the seller more comfortable with accepting your offer.

WHAT INFORMATION DO I NEED WHEN LOOKING FOR A NEW HOME?

There’s nothing we take more seriously than helping people find new homes. We’ll spend time learning your personal real estate needs, based on:

Your preferred price range
What style of home you want
What area(s) you want to look in
What extras you would like
Determine what you qualify for
Your preferred monthly payment
Which types of financing are best for you?
Where to get a good mortgage