Is now the time to Buy?

Are there opportunities to get a great value in today’s Real Estate Market? You bet there is! Unfortunately bad news for some people is good news for others. No one wants to lose their home, but unfortunately circumstances may be beyond their control and people are forced to sell for a much lower amount than market rate.
Current Interest Rates are still historically low, and the availability of great homes at low prices keeps increasing. Now really is the best time to purchase a new home. The Real Estate Market has begun to turn upwards. People are buying new homes and many are even moving into larger homes.
To find the "gem in the rough" is always the best way to buy. Buyers can find exceptional values by purchasing a home that may need a bit of work (not major construction). Also, there are many "move-in ready" homes that may just need new paint to be perfect for you! Updating the kitchen, bathrooms and family areas are always a great way to make it your own and increase the value!
Upgrading or "move up’ Buyers are in a unique position. They may not get top dollar on their current home, but will be able to buy a more expensive home for a much lower price than during previous market history! Values will go up and equity will increase!
First Time Home Buyers have the more buying power now than they have had in the last decade. Reduced Property Values are all over the State. While the values are low is the time to buy. Just like with investments, buy low and sell high. Your new Property should increase over time as the market gets better, building more and more equity for you.
If you or anyone you know is interested in purchasing a new home, please give me a call at 763-557-5608 or stop in to see me at the Bremer Bank Plymouth Branch to start the Pre-Approval process. I will be happy to answer any questions you have. As always referrals to friends, family, neighbors and business associates are most appreciated!
Enjoy the rest of summer!
Regards,
Steven