Our Twin Cities Home

The First Time Home Buyers Journey

Homes

Buying Your First Home in MN | How to buy a Home in the Twin Cities

After reading our first post in this series, The First Time Home Buyers Journey – The First Step Begins with 3 Questions, you have answered all of these in the affirmative and are anxious to buy that home!  Congratulations on your decision! The enthusiasm is great!  Everyone should be excited about buying their first home but let’s take a deep breath and think about the next 3 steps – knowing the market, getting lender approval and selecting a Real Estate Professional. 

The Twin Cities Metro Housing Market

First, let me say that as a first time home buyer I have good news for you. Second let me say, I also have some bad news. Let’s start with the good news. Interest rates are the lowest they have been in the last 3 years. Right now, with excellent credit, it is possible to get a rate as low as 3.5 percent. Want to hear more good stuff? You do not have to have a 20 percent down payment. As a matter of fact, with good credit, you may be able to get a conventional mortgage with only 3 percent down. Credit not so good or you still need down payment assistance? FHA might be the way to go. So now for the not as good news.

For anyone purchasing a home under $500,000, the twin cities is a seller’s market. The dynamic causing this is basically far more demand than supply, and the lower the price range the less inventory of housing you will find. According...

It’s June! In the Twin Cities Summer Is Knocking At the Door

June in the Twin Cities

Ahh June - the portal to Summer! Step into June and the entire glorious season of warmth and sunshine is beneath our feet, stretching out before us. June is weddings, kids out of school, family vacations, cooking on the grill and baseball. June is  bright blossoms exploding with bursts of color from the flower beds and strawberries melting with sweetness on the vine. I love that June is comfortable, warm but not hot and we are beckoned to the golf course, tennis courts, and favorite biking and walking trails.  

Summer in the Twin Cities is all that and more. Summer inspires us to celebrate with great music, art, food, drink, festivals and fairs. After a long winter are we ever ready! So without further fanfare (because I could go on for pages extolling the virtues of June) let’s take a look at what is happening on the sidewalks of Minneapolis-St. Paul this month.

Celebrate June – Celebrate Art

Edina Art FairThe 50th Annual Edina Art Fair

Friday June 3 through Sunday June 5, 50th and France, Edina Minnesota

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