Buying a home is a complicated process and a serious commitment, which can seem overwhelming at first. However, with the right representation from a real estate agent and answers to the many questions you’ll inevitably have, it can be fun and exciting to take this next big step. Justyna Johnson – Edina Realty is a top realtor in Woodbury, MN and Top Realtor in Lake Elmo, Afton and West Lakeland. She’s shared answers to some of the most common questions she’s heard from buyers as they start looking at homes for sale.

Common Questions Before Searching Homes for Sale

Should I Talk With a Bank?

Every home buyer should visit a bank and talk with a lender before beginning their home search. You’ll be pre-approved for a loan, which will give you an idea of how much home you can afford. A pre-approval letter from a lender is also a helpful tool to have if you find your dream home and are submitting your offer — it will give the seller confidence that you have the funds. If you’re a first-time home buyer, your lender may be able to get you involved in any first-time buyer programs available in the area, which can be very helpful.

Should I Buy or Rent?

Both buying and renting have their pros and cons, and which is best for you will be decided by your circumstances. Buying is a good investment in your future but is more of a permanent housing solution with higher upfront costs than renting. If you know where you want to live and plan to be there for longer than three to five years, then buying is likely the right choice. If you want the freedom to move around or don’t have any money saved up for a down payment, you may be better off renting.

Do I Have to Pay a Realtor?

In most cases, your local realtor will be paid their commission out of the sale of the home. The listing agent, who represents the seller, charges a commission from the sale, which the seller pays. A part of that commission is given to the selling agent, who is your representation. This means that the seller pays for your representation, and as a result, you have nothing to lose in choosing the best realtor available.

The best thing you can do for your peace of mind as well as your finances before looking at homes for sale is talking with an agent. They can guide you through the entire process from start to finish, give you experienced advice on the area and homes, and represent you in even the toughest negotiations. Contact Justyna Johnson – Edina Realty at (651) 501-2345 to set up a consultation with her. She can answer any more of your questions and help you start your search. For more information, visit her online.