PREPARING TO BUY IN 2022

Preparing to buy a house probably isn't at the top of your holiday things-to-do list. However, if you're thinking of buying a home in 2022, it's not too early to start preparing. 

The supply of houses in Minnesota is low and will continue to lag behind demand in the coming year. The number of buyers, however, will no doubt be increasing once the new year gets rolling. With that in mind, it's a good idea to get a couple steps ahead of other buyers before things heat up. The more buyers there are, the more competition there will be when it's time to make an offer.

Let me suggest a few things you can do right now to be prepared to purchase a home in 2022.

1. Let's set up a time to talk about your needs, your timing, and your preparation. There's no pressure for you to do anything before it makes good sense for you to do it. The goal is to help you think through your strategy, make sound decisions, and figure out if and when you're ready to move forward. I will always keep your needs and best interests in first place.

2. Let me help you connect with a loan officer. You will want an experienced professional proven to be good at helping clients succeed. Your loan officer will help you determine your credit score, figure out your debt to income situation, establish your budget, explain your financing options, and get you pre-approved for a mortgage.

3. You should also take care to manage your credit and finances in ways that set the stage for buying a home. Your loan officer will have good advice for maintaining or improving your credit rating and your assets until the purchase process is completed. It's important to be ready with the funds you will need for earnest money, down payment, and closing expenses.

4. Let the search begin! Once we've been able to get a handle on your budget and your timing, we can start looking at houses. We'll begin by getting a good sense of what is available: price range, types of homes, neighborhoods, and more.  Then we will refine and narrow our search until we find the home that suits you best.

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