Changing Market May Benefit You!
There has been a lot of media attention focused on the Twin Cities real estate market recently. What does it all mean?
While the market has definitely changed, in my opinion there is no cause for alarm. The Twin Cities’ economy remains strong, mortgage rates remain affordable, and despite what you may be hearing, homes ARE selling!
In fact, the current market may actual be considered “normal”, compared to the last few years of rapid sales & price appreciation. It is also important to note that these statistics are the “averages” of the entire market, and there are always parts of the market that outperform the averages. There most certainly will be neighborhoods, price ranges, or styles of homes that appeal more strongly to buyers.
If you were thinking of moving in the near future how will all of this affect you? Because your home is one of your most valuable investments, you should never consider selling it without taking into consideration all of the pertinent factors in your life.
People move for a variety of reasons, are primarily due to changes in one of three areas: Employment, Family Size and Health/Lifestyle Reasons. If you are moving for one of these reasons, you are most likely going to move without regard to small fluctuations in the real estate market.
Opportunity Knocks? The recent RMLS (Regional Multiple Listing Service) statistics seem to suggest that appreciation may be slowing on upper priced properties compared to lower priced homes. For families looking to move up to a bigger, more expensive home, the current market may be an opportunity to “cash in” their current home at a good price, and perhaps find a larger home in a market segment or price category that will favor the buyer.
Downsizing? The last few years have also seen dramatic growth in the availability of townhomes and condominiums in our area, especially units offering one-level living. If you have been considering a move to a townhome, but were unhappy with your options in the past, it is definitely time to look at what the market is currently offering!
Selling? No matter where you fit into the Real Estate Market, it is more important than ever to enlist the services of a real estate professional to assist you. Even the best homes, in the best neighborhoods, need to be properly conditioned for sale, properly priced, and professionally marketed to get top dollar. Only a full-time, full service real estate professional with a comprehensive marketing plan can do this effectively. I have implemented some cutting edge marketing systems that will help your home stand out from the rest of the market. Our recent sales activity proves that it is working!
Buying? Even in this market, the very best homes sell fast. Fast enough that they never appear in an ad, on the Internet, or get an Open House. The only way you will know about these listings is to have a professional watching for these homes for you. On my team , I employ Buyer’s Specialists whose sole job is to find you a home and negotiate the best deal possible for you. We have the ability to notify you within hours if a home comes on the market that meets your needs.
We are a full-service, full time professional Real Estate Team. Whatever your Real Estate needs are, big or small, we would be happy to share our knowledge and experience with you.
“Did You Know” Using a Realtor to purchase a home just may be the best “free” service in the world. Did you know you can hire an agent to work exclusively for you, and assist you throughout the whole process of finding, negotiating and closing on a home without paying a sales commission?
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