Buying a home in a new state is always a little stressful. The differences in the market, factors in the area you’re looking at, and different policies for real estate agents can make the process pretty intimidating.
If you’re looking at the Twin Cities market, we’re going to tell you what to know about buying a home in Minnesota. Homes in the Twin Cities fall all across the board and the Minneapolis-St. Paul is filled with a wide variety of options.
Hopefully, the information below can give you some insight into how to approach buying a home in Minnesota and what to expect when you zone in on a house. Keep reading to find out what you need to know.
Things to Know When Buying a Home in Minnesota
The first thing to note about scoping out homes in the Twin Cities is that slight differences in location will have a big influence on price.
Summit Avenue in St. Paul, for example, has rows of million-dollar homes that sit just a few blocks away from homes that are far more affordable. So, don’t get discouraged by a few high asking prices if there’s an area that you like.
The Suburbs Are a Short Commute
Another thing to keep in mind is that the Twin Cities are at the center of a network of great suburbs. Brooklyn Park, Golden Valley, Edina, Cottage Grove, and Woodbury are all within a 15-minute drive of the city centers.
This makes buying a home a lot easier if you’re going to be driving into the city for work every day. Additionally, proximity to the city gives you a lot of opportunities to enjoy the nightlife, restaurants, museums, and various state parks that exist within the Twin Cities.
Account for the Weather
This is one of the most important Minnesota real estate tips, and it’s particularly true for the winter season.
Minnesota is home to a wide variety of seasonal conditions.
These differences can have a big impact on different elements of the home. Roofs, basements, siding, and heating systems all take a toll in the winter. These are elements of the house you’ll want to ensure are in good condition when you do a walkthrough.
It’s also smart to think about your commute and your vehicle. If you plan to drive a sedan, keep the slope of your potential driveway in mind. The winter can lead to a glaze of ice that might prevent you from getting back up!
Fortunately, most, if not all, of the houses you’ll look at near the city are very accessible throughout the year.
Minnesota Has a Unique Real Estate Process
Understanding how to buy a house in Minnesota might be a little different than it is in other states.
Issues like broker reciprocity, real estate commissions, dual agency, loan approval, and more might not be the same as they have been for you before. It’s important to contact a real estate agent to get expert tips about buying a home in Minnesota.
Help Is Never Far Away
A beautiful thing about living in Minnesota is that the people are notoriously friendly and helpful. “Minnesota Nice” is the common phrase used to describe the people here.
The real estate market is no exception. If there are any questions that you have about the process or how to find a home, we’re here to queue you into all of the details that you should know and answer any questions you may have.
Need Help Finding a Home?
Hopefully, this brief guide for homebuyers in Minnesota was helpful as you start your process.
If you’re buying a home in Minnesota, whether you’ve lived here forever or you’re just moving to town, we’re here to help. We have a wide range of listed homes, insight into the market, and a wealth of knowledge about how to make your home buying process as smooth as possible.
Contact us for potential homes, insight into the process, options for selling your home, and a whole lot more.