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"In a couple of years a booming market is more apt to be the problem than the present soft market." -Malcom Forbes (1983)
Don't miss out the opportunity is now!
TOP TEN reasons it's a great time to buy Real Estate!
1. Selection-There is an abundant supply of homes on the market. Regardless of price range a buyer desires, there are plenty of homes to choose from.
2. Few bidding wars-In 2005 we had one client that made an offer on ten homes. They lost the first nine to the "feeding frenzy" that existed. Other buyers bid the properties up substantially from the original listing price. There is alot less competitive bidding in todays market.
3. You can make an offer-A few years ago when you made and offer, the only question was how high above the list price could you reach in hopes of getting the best offer on the table. Today the list to sell price ratio is about 94%. A seller will not be insulted if you make them an offer they can't refuse.
4. Patience is tolerated-In the hot seller's market that existed everything was rushed. Find a house before other buyers did. Hurry up and make an offer. Today a buyer can take their time.
5. Plenty of new construction-In the past there were lotteries and waiting lists if you wanted a new home. Right now there are plenty of models and specs.
6. Due diligence is welcomed-In this market a buyer is encouraged to obtain a home inspection. In 2005 many buyers waived these contingencies in order to gain an advantage with multiple offers.
7. Repair requests are welcomed- After a buyer completes a home inspection, they are allowed to submit repair request to the seller. In the past a seller might insist the home be sold "as is".
8. Fewer investors-It is estimated that one third of all sales in 2005 were to investors. It's a great time to buy without having to compete with hundreds of prospective landlords.
9. Location, location, location-Today's buyers can find homes closer to work. In the past buyers flocked out to 3rd & 4th ring cities in order to find affordable homes. In this market reasonably priced homes are closer in.
10. Real financing is available -The "wink, wink" zero down, no doc, sub prime loans are gone. Fixed rates are back, FHA financing, first time homebuyer programs and TERRIFIC rates around 5 to 5 1/2% and there is plenty of mortgage money available to anyone with a down payment and reasonable credit.
Historically, an investment in homeownership pays off over the long term. People have to live somewhere-and generally, they're either paying a land lord or paying a mortgage. Unlike renters, homeowners who pay down their mortgage month by month are making an investment in where they live.
Because of this benefit, along with the potential tax advantages and the potential for long-term home price appreciation, homeownership continues to offer valuable opportunities for many homebuyers.
It's a great time to buy Real Estate and there is a tremendous advantage to working with me. I preview 40-50 homes a month (much more than most agents) so I can help pinpoint homes for you to look at. Saving you time, so we can specifically focus on finding a home that fits your family's needs. Working 48 weeks a year means I see over 2000 homes a year. Multiply that by 28 years in the business and you get the picture, I have been in a lots & lots of properties.
Contact me for one of these helpful guides above. Just send me your email with "buying" in the subject to joel@homesbyjoel.com . Your email will NEVER be shared with anyone else.
My business is based on the referrals and positive comments from people like you. I could not do it without your help. Thank you once again.
www.homesbyjoel.com
Helping people buy homes and real estate in the Lake Minnetonka area for over 28 years. Including the cities of Excelsior Mn, Deephaven, Minnetonka, Minnetrista, Mound, Orono, Shorewood, Tonka Bay and Wayzata Mn. With many Minnetonka lakeshore homes available.
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