You can Buy & Sell in 2009
The 2009 Minnesota real estate market will continue to be a buyer’s market with a high inventory of homes for sale. For buyers the conditions are extremely favorable for purchasing real estate, including:
* First-time home buyers tax credit
* Amazingly low interest rates
* Great home values
* An array of financing programs, including some $0 down programs and first-time home buyer programs
Housing prices continue to feel pressure as banks must sell their foreclosed homes and builders must sell new construction at lower prices. Private homeowners are competing with other sellers, plus foreclosures and new construction.
You can sell in this market, but pricing and condition of your home is critical. Well maintained, updated homes that can be flexible on price sell. Many feature new appliances, carpet, etc… As of 11/30/08, for every home in the Twin Cities that sells, there are 18 that do not.
IF YOU ARE A BUYER
Contact me for a buyer’s consultation, which includes your Buyer’s Estimated Expenses, pricing opinion on the cities you’re interested in, & explanation of all the steps in the buying process.
IF YOU ARE A SELLER
Contact me for a seller’s consultation, including a complimentary Competitive Market Analysis on your home. This will include a thorough meeting explaining where your home fits into the market and what price it will likely sell at. This includes a Net Equity summary of what you would net at closing or how much cash you would have from the sale.
