Buying a Home in Rochester MN and Surrounding Areas

First Step

Before You Start Looking For Your New Home:

  • Check your credit rating. Straighten out any errors before its too late.
  • Determine a comfortable monthly budget for your new purchase, including down payment and monthly payment.
  • Find a loan program that meets your needs and get pre-qualified (preferably pre-approved). We have a network of lenders standing by to serve you.
  • Determine what neighborhood best matches your needs. Identify important features you need your new home to have.

Mortgage Calculators

Should I Rent or Own?
This calculator will help you figure out if you will be better off renting or owning a home.

Mortgage Payment Calculator
Have you found a home you’d like to purchase, but wonder what your payments will be?

Getting Pre-Approval

Getting prequalified is a crucial step in finding out exactly how much you’ll be able to afford and what kinds of loans and interest rates are available to you. Let us help you with this process.

This is a free, no-obligation service and your information always remains private. For an accurate estimate, please include as many details as possible.

Contact Information

* Indicates a Required Field

First Name:
Last Name:
State: Zip:
Day Phone:
Evening Phone:
Please please send me updates:

Loan/Income Information

Purchase Price (if you are buying this home): $
Estimated Value of Your Home (if you are refinancing): $
Loan Amount (the amount you wish to borrow): $
Will this loan be placed on your: Primary Residence
Vacation Home
Rental Property
Your current monthly salary from all sources: $

Your monthly commissions or bonuses averaged for the last two years, if any: $

Current monthly financial obligations (minimum $ due): $

Your total liquid assets i.e. checking, savings, stocks,
bonds, IRA’s, CD’s, money market accounts, 401K plans, etc.:


Enter Code *  

Top Home Buyer Mistakes

Mistake #1:

Buying the most expensive home on the block. Remember that your home is an investment. Homes within the neighborhood escalate in value when the homes around it go up. If your home is the highest standard by which all homes are measured by, your value will increase much less than others.

Mistake #2:

Falling in love with a house that is unattainable or out of your budget. We often want more than we can afford. BEFORE you begin searching for your next home, analyze your financial situation and decide what payment you can realistically afford. Talk to a financial representative or mortgage broker about current rates, your credit score and your ability to pay. A great preliminary move is to get pre-approved for a mortgage. It will give you the amount you can spend before you start looking so you don’t fall in love with more than you can afford.

Mistake #3:

Paying too much for a house because of its neighborhood. Remember that despite what our culture often tells us, we are not measured by the postal code that we keep. In addition, it is a poor investment to buy a Calgary home for sale that you know is not worth what you are paying just because it is in a fancy or popular neighborhood.

Mistake #4:

Buying in an area near commercial zoning without checking into zoning. You see it every day in the news – people who are taking issue with their city planners because a new grocery store or mall is planning to come in next door to their neighborhood. Very often these people could have or should have known that there was a possibility this could happen to them because the land around them was zoned commercial. Make sure you check into zoning before you purchase.

Mistake #5:

Buying a very nice home in a bad neighborhood. You can fix up a house, but you can’t fix a neighborhood. If you have checked property values and the homes around yours are going down, that is a red flag. It may look like good deal, but in the end you’re likely to lose money on your investment.

Mistake #6:

Rushing into the decision. Make sure that once you have found a home for sale that you would like to live in, that you have thought over carefully all that comes with the home, the neighborhood and the lifestyle it will bring. Remember that once you have made an offer and it is accepted, it can be very difficult if not impossible to back out of the deal.

Mistake #7:

Skipping the home inspection. Many homebuyers skip the inspection process to save money. A home inspection will help you make a more educated decision about the home and will alleviate any ‘surprise’ expenditures for you in the future once you’re in the home. Never skip a home inspection, as it can inform you about some very expensive problems that you cannot see in the home yourself.

Mistake #8:

Poor future planning. Sit down with your significant other and analyze how you live and how you will live in the future. Make a list of criteria that is important to you in your next home. Rank those criteria in order of their importance. Use this check list as a guide when searching for your home. You don’t want to purchase your ‘dream’ home only to find out 8 months later that it is too small, doesn’t have enough storage and is really not what you needed or wanted for your lifestyle.

Personal Web Portal

Great new homes come on the market every day and many are sold before they’ve even been advertised. If you’re looking for real estate in this area, we can help you beat other homebuyers to the hottest new homes for sale on the market. Just create a log in here and we’ll set up a personally site called a “web portal” that allows you access to our up to the minute MLS Data base.