Minnesota Real Estate Buyers - The BELL is Ringing!
For those of you waiting for an alarm to sound when the Real Estate market hits bottom, here is your notice! RING RING RING……
This Realtor has been out there working with Minnesota real estate buyers finding an unbelievable buyer’s market. Auctions are happening at a brisk pace and are fast becoming a good alternative to the typical listing. Realtors are getting educated and are changing the way we do business.
I am locating property in sterling condition on Lower Lake Minnetonka priced under $1M on a what anyone would consider a prime location. FYI, the property is sold.
Looking for investment in rental property? That market is flat and prices have dropped exponentially. Point being, that it is important to speak with your mortgage person and get approved. Your home will sell if it looks close to perfect and is priced right.
Sellers delusional thinking on what their homes are worth, needs to be replaced with the knowledge that they will be picking a plum on the buying side commensurate with their perceived “loss”. Understand that interest rates are at an all time low. The feared recession will happen if buyers continue to hide in terror. Guess what? When inflation pounds on the door, interest rates go up.
Condos bought as new construction are being sold for thousands under their pre construction prices. Some have never been occupied.
Hello out there, the time to act is now. Thaw out that frozen brain and invest in the bargains that are waiting for you. Worrying is praying for what you don’t want! The country seems to be participating in its own real estate downfall. Let’s not be our own worst enemy. Time and interest rates wait for no one!
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