Minneapolis Minnesota Real Estate Blog

There are a ton of folks that will be concerned in the exchange of purchasing your condo. The list may be smaller but you can see there are plenty of folk concerned in the acquisition of a condo.

So here's a punch list to keep the method moving when you're purchasing a condo in [Profile.market3]. As quickly as the offer has been accepted it's best to schedule a condo inspection straight away. Typically they can be done inside a day or 2 of calling the inspection company. It could appear to be a needless cost, but regard it as an insurance policy. You pay vehicle insurance each month without expecting to get in an accident. It can cost a [Profile.market3] condo owner thousands of bucks to get rid of a tank if the soil is polluted so that the price of an inspection is cash spent well.

Once your inspections are done if there are items that came up that might be bartered, you may need to study the probability of re-negotiating the contract. Bear in mind the bank might have fix wants that they need finished themselves to process the loan. After the appraisal the bank will let you know what must be corrected before you can get the loan.

When your inspections are out of the way it's time to have the appraisal of your place in [Profile.market3] scheduled. The bank should be approached and informed the appraisal should be ordered. Once per week you may also need to contact your escrow officer that is responsible for the closing at the title company. They are real busy, but just make them aware it's important that you stay notified of anything you can do to help with the loan.

Like every other business it is the squeaky wheel gets the grease. At this time you may also need to call your insurance agent and inform them you'll be purchasing a place and will need coverage for the closing of the loan. The title company will send you out a form that you'll fill out with your insurance info, but it's a smart idea to contact your agent up front and get the wheels moving as quickly as possible. Whenever the title company or the bank calls you asking for info get it to them in a hurry. The quicker you reply the quicker the loan process will occur. You can usually expect a closing to take about thirty days from the time an offer is accepted, If you have all your ducks in a row you can move the closing forward about a week. But that is about the quickest you should prepare for the closing to occur. You can talk with your condo loan broker and get a figure from them as well on what their average closing time is in [Profile.market3].


There is a lot of free information available to you about buying, selling or investing in [Profile.market3] real estate. For complete information about the [Profile.market3] real estate market including current condos for sale, property values and more please www.MikeWeiland.com visit the most complete website online dedicated to everything [Profile.market3] real estate. So please feel free to contact me, Mike Weiland with the Weiland Group of Edina Realty with any of your real estate questions and I will be more than glad to answer your questions. Call me on my cell at 612-735-6834 or email me at mike@mikeweiland.com.

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