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Buyers Guide

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over 338k in saved GET IN TOUCH commissions Recent Transactions River Towers 603 5530 Wisconsin Ave N Stonebridge 304 8560 Mission Hills Ln Eat Street Flats 300 4014 Nicollet Ave Calumet Lofts 201 3100 Glenview Dr River Towers 1216 8622 French Curve Summit House 1203 1420 Waterford Dr Security Lofts 501 3065 Zarthan Ave S 17515 48th Pl N 10542 Sheridan Ave S 17747 Evener Way River Towers 1007 Village Lofts 309 Calhoun Isles 101 Centre Village 2015 16349 Franklin Trl SE The Crossings 910 8318 Jonquil Ln N 3200 Old Hwy 8 26755 Smithtown Rd 955 Lakewood Trl 5th Ave Lofts 309 6381 Oxbow Bend Winslow House 405 2526 Cleveland St NE Pinnacle 2401 3300 Polk St NE 4012 Aldrich Ave S 2210 Roosevelt St NE Grand Central Lofts 320 River Towers 406 1138 Pecks Woods Dr 7221 11th Ave S Labelle Condos 306 1792 Willow Ct E 6474 Mere Dr 1948 Mainstreet River Station 104 4900 Underwood Ln N A Skyscape 704 3429 Sumter Ave S 3321 Zinran Ave S River Station 129 19363 Century Ct 1741 James Ave 8326 Goldenrod Ln N 3028 Cavell Ave n 1442 Marshall St NE 4350 Brookside Ct 116 9301 Oakland Ave S 372 Nottingham Dr 4917 Vine Hill Rd Riverwest 919 Mill Trace 609 3300 on the Park 521 2658 Cleveland St NE 3676 Linden Pl Labelle Condos 108 A PROVEN TRACK RECORD 612 353 5771 www MplsResidential com 120 South Sixth Street MPLSRESIDENTIAL BUYER S GUIDE

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DECISIONS PREPARATIONS THE SEARCH N EG O TI A TI O N S A CC EP TE D O FF ER IN SP EC TI O N S B UY ER CL O SI N G C LO SI N G PR ES EN TE D OFFERS NEGOTIATIONS DUE DILIGENCE CLOSING BUYING PLAN DEFINE SEARCH CRITERIA PRESENT OFFER INSPECTIONS Market conditions change over time Agreeing on a buying strategy involves reviewing market conditions and the tools available to evaluate the best plan of action to achieve as many of your wants and needs as possible while remaining within your budget Size location price and style are just a few of the criteria to use when first setting the filters for your home search Defining what your goals are upfront when buying a home can help simplify an otherwise complex process When a buyer is ready to write an offer on a property they work with their Realtor to fill out the necessary purchase agreement forms There are many things that can make an offer attractive to a seller including price close date money down contingencies etc In most transactions the buyer will write in the accepted offer being contingent on a property inspection The inspection is to protect the buyer from hidden issues that cannot be seen with the naked eye Your Realtor will help identify typical issues that may arise during the inspection You may request to have items found in the inspection repaired by the seller Each repair item is a negotiation work with your Realtor to help build a strategy to best protect you MLS LISTING UPDATES PRE APPROVAL buy O FF ER P H O TO V ID EO M A RK ET EX PO SU S RE H O W IN GS H O M E S TA GE PA PE RW O RK BU YI N G VISIT US FOR THE LATEST LISTINGS IN YOUR AREA PL A N THE SALES PROCESS Getting your pre approval is an important step in the home buying process Knowing what you can afford before starting your search will save you time and keep you focused on realistic options Most sellers will not entertain an offer without a preapproval letter from a reputable lender REAL ESTATE CONTRACTS The legal contracts needed to buy a home can be intimidating at first glance It is important to take the time upfront to understand what you will be expected to sign before you find your dream home Lean on your Realtor to break down the ins and outs of these documents Your agent will constantly be looking for new homes to show you We make every effort to provide our buyers with the best information and real time listing updates Work with your Realtor to gain guest access to the MLS to help cut through the fluff of 3rd party sites such as Zillow Trulia Realtor com SHOWINGS Real estate is an interactive industry getting out and viewing homes in person is the only way to truly understand if a home is the one for you Work with your Realtor to schedule appointments in an effort to best utilize everyone s time and efforts NEGOTIATIONS Not all buyers and sellers are on the same page when it comes to transferring legal ownership of a home Negotiations are a normal part of the buying process and should be expected when presenting an offer As the buyer you make the first offer to the seller They can agree to your terms and conditions or they can counter offer with their own terms and conditions ACCEPTED OFFER At some point in the offer negotiation counteroffer process the buyer and seller will agree to terms This is called the accepted offer which ends one phase of your selling process and starts the final phase of closing the transaction BUYER CLOSING PROCESS After the home inspection is complete your lender will take a lead role in the underwriting and securing of your loan Lenders will work closely with you in requesting documents such as tax returns pay stubs SSN and credit reports CLOSING The final step of the transaction is meeting to sign the legal papers to transfer ownership and pay any money due at the closing This is typically held at the title company s office who handles dispersing funds and filing paperwork

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over 338k in saved GET IN TOUCH commissions Recent Transactions River Towers 603 5530 Wisconsin Ave N Stonebridge 304 8560 Mission Hills Ln Eat Street Flats 300 4014 Nicollet Ave Calumet Lofts 201 3100 Glenview Dr River Towers 1216 8622 French Curve Summit House 1203 1420 Waterford Dr Security Lofts 501 3065 Zarthan Ave S 17515 48th Pl N 10542 Sheridan Ave S 17747 Evener Way River Towers 1007 Village Lofts 309 Calhoun Isles 101 Centre Village 2015 16349 Franklin Trl SE The Crossings 910 8318 Jonquil Ln N 3200 Old Hwy 8 26755 Smithtown Rd 955 Lakewood Trl 5th Ave Lofts 309 6381 Oxbow Bend Winslow House 405 2526 Cleveland St NE Pinnacle 2401 3300 Polk St NE 4012 Aldrich Ave S 2210 Roosevelt St NE Grand Central Lofts 320 River Towers 406 1138 Pecks Woods Dr 7221 11th Ave S Labelle Condos 306 1792 Willow Ct E 6474 Mere Dr 1948 Mainstreet River Station 104 4900 Underwood Ln N A Skyscape 704 3429 Sumter Ave S 3321 Zinran Ave S River Station 129 19363 Century Ct 1741 James Ave 8326 Goldenrod Ln N 3028 Cavell Ave n 1442 Marshall St NE 4350 Brookside Ct 116 9301 Oakland Ave S 372 Nottingham Dr 4917 Vine Hill Rd Riverwest 919 Mill Trace 609 3300 on the Park 521 2658 Cleveland St NE 3676 Linden Pl Labelle Condos 108 A PROVEN TRACK RECORD 612 353 5771 www MplsResidential com 120 South Sixth Street MPLSRESIDENTIAL BUYER S GUIDE

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over 338k in saved GET IN TOUCH commissions Recent Transactions River Towers 603 5530 Wisconsin Ave N Stonebridge 304 8560 Mission Hills Ln Eat Street Flats 300 4014 Nicollet Ave Calumet Lofts 201 3100 Glenview Dr River Towers 1216 8622 French Curve Summit House 1203 1420 Waterford Dr Security Lofts 501 3065 Zarthan Ave S 17515 48th Pl N 10542 Sheridan Ave S 17747 Evener Way River Towers 1007 Village Lofts 309 Calhoun Isles 101 Centre Village 2015 16349 Franklin Trl SE The Crossings 910 8318 Jonquil Ln N 3200 Old Hwy 8 26755 Smithtown Rd 955 Lakewood Trl 5th Ave Lofts 309 6381 Oxbow Bend Winslow House 405 2526 Cleveland St NE Pinnacle 2401 3300 Polk St NE 4012 Aldrich Ave S 2210 Roosevelt St NE Grand Central Lofts 320 River Towers 406 1138 Pecks Woods Dr 7221 11th Ave S Labelle Condos 306 1792 Willow Ct E 6474 Mere Dr 1948 Mainstreet River Station 104 4900 Underwood Ln N A Skyscape 704 3429 Sumter Ave S 3321 Zinran Ave S River Station 129 19363 Century Ct 1741 James Ave 8326 Goldenrod Ln N 3028 Cavell Ave n 1442 Marshall St NE 4350 Brookside Ct 116 9301 Oakland Ave S 372 Nottingham Dr 4917 Vine Hill Rd Riverwest 919 Mill Trace 609 3300 on the Park 521 2658 Cleveland St NE 3676 Linden Pl Labelle Condos 108 A PROVEN TRACK RECORD 612 353 5771 www MplsResidential com 120 South Sixth Street MPLSRESIDENTIAL BUYER S GUIDE