Hegenes Brokerage Services
You've come to the right place! Hegenes Properties provides premium commercial and residential brokerage services. We can assist you in all aspects of real estate, including the exciting transition from renter to homeownership!
We'd love to connect with you to discuss your next steps or to offer you a free market analysis of your existing property.
Get Started
If you'd like us to contact you about buying or selling or have interest in having us give you a free valuation of your property, drop us your contact information and we'll get back to you.
Brokerage Services
Representing Buyers & Sellers
At Hegenes, we'd love to assist you with buying or selling your multi-family, commercial or residential properties. We are actively involved with the current real estate market, representing buyers and sellers and always looking for new opportunities.
We pride ourselves on our strong relationships with clients, working with integrity and a mindset of growth. We have licensed real estate professionals with great knowledge of the market and years of experience in the real estate business.
Transitioning Existing Renters to Homeowners
Are you ready to move out of your apartment and into your first home? Before you do, you should know that transitioning from renting to buying a home isn’t always a simple process. As a renter, you have probably become accustomed to only worrying about a few things: paying your rent on time, paying for your utilities, and keeping the place looking clean. Everything else was taken care of by your landlord. However, as a homeowner, these responsibilities will be yours. These additional responsibilities are accompanied by several other changes as well.
The Differences Between Renting and Homeownership
#1 The Down Payment
When you are about to start a lease on an apartment, you are usually only required to provide money for the security deposit and first month’s rent. On the other hand, when buying a house, you will need to provide upfront money for several items: a down payment, appraisal, earnest money, private mortgage insurance, and more.
#2 Less Freedom to Move Around
With an apartment, the lease typically runs for only a year, with an option to renew. So, if work or other life events require you to move locations, it isn’t usually a problem. For a homeowner though, moving is often a longer process.
#3 More Maintenance, More Responsibility
A home is a much larger space than an apartment and will require more maintenance. You will be the one responsible to ensure that your entire home is in proper order.
Transitioning from Renting to Buying
Now that you know the differences, there are a few steps you will need to take in order to prepare yourself to purchase a home.
#1 Get Your Finances in Order
The requirements for homeownership are usually much more than an apartment. You should have a high credit score and a low debt-to-income ratio.
#2 Mortgage Pre-Approval
Getting pre-approved for a loan can tell you what you can realistically afford. This way, you won’t waste time looking at a home that is out of your price range.
#3 Budgeting
You can’t just buy a home tomorrow. This process requires a lot of planning and budgeting in order to go smoothly. You should have plenty of funds saved up for the upfront expenses. You should also factor in all of the expenses that come with owning a home, such as: Monthly Mortgage Payments, Property Taxes, Utilities, HOA fees, if applicable, Homeowners Insurance, Maintenance and other Unexpected Expenses.
#4 We Can Help!
You will want to work with someone who is experienced, knowledgeable, and working with your best interest in mind. Our team of professionals will do just that!
Market Analysis
When you’re in the market for a new property to invest in or are looking to sell your current one, figuring out how much to offer or ask can be a considerable challenge. How much a property is worth can seem fairly subjective, considering how many factors go into determining it. However, pricing property is a science that requires access to complete sales data and knowledge of local and national markets, which is why it should be completed by a licensed real estate professional.
Are you looking to find out the value of your property? Our experienced team can provide you with a FREE market analysis and price range opinion for your property, all you have to do is click the link below to send an email to William or fill out the form at the bottom of the page. The more specific you are with your properties information, the more accurately we can analyze the data.
Strategic Investor Relations
A commitment to a real estate partnership isn’t something to be taken lightly, so aligning yourself with the right partner could very easily be the best decision you ever make when looking to invest in real estate.
How to get started with investing:
- Let’s connect so we can understand your assets, liabilities, other investments and goals.
- Based on our conversation, we will discuss the differences between an either an:
- Equity Partnership
- Management Partnership
- Then we can
customize an agreement that suits everyone’s needs
BENEFITS of a real estate partnership with hegenes properties:
- Our extensive Real Estate knowledge can bring extra resources to the table, including capital and an extensive network of professionals.
- A real estate partnership structure allows both parties more flexibility when it comes to distributing profits and losses.
- Partners can provide another perspective when analyzing potential deals and investments.
- The combined portfolios from real estate partners can help bring the “wow” factor to meetings with prospective lenders.
- Parterships revolve around balance, allowing both parties to divide and conquer responsibilities
Get Connected with Hegenes Brokerage
Contact Us
6600 City West Parkway, Suite 205, Eden Prairie, MN 55344
