Just how much has it improved? In the St. Cloud area, we
have fewer than 1,000 homes on the market. Compare that to the height of our
real estate depression when more than 3,000 homes flooded our market, causing
home prices to plummet.
When you combine this improved inventory with historically
low mortgage interest rates and rising home values, you have the perfect recipe
for a real estate market that’s great for both buyers and sellers.
Low interest rates make getting into a home or upgrading to
a better home as inexpensive as it has been in a long time. Rates right now are
less than 3.5 percent. In fact, some of our best customers have locked into
fixed rates below 2.5 percent on 15-year mortgages.
For example, a mortgage payment today on a $100,000 home is
about $437 a month. For a $200,000 mortgage, the payment is less than $1,000 month.
And for a $300,000 mortgage, your payment can be less than $1,500 a month.
Many potential home buyers were holding out for the market
to improve, and we’ve hit that point. There’s never been a better time in
recent years to buy a home in the St. Cloud area.
Faster Turnover, Too
Best of all, selling a home doesn’t have to be a drawn-out, year-long ordeal. We can get your property sold and have you into a new home quickly. More than one half of our listed homes sell in just two to eight weeks.
Best of all, selling a home doesn’t have to be a drawn-out, year-long ordeal. We can get your property sold and have you into a new home quickly. More than one half of our listed homes sell in just two to eight weeks.
It’s possible to sell your home now and be in a better home
in time to enjoy the summer!
Give us a call or drop us a line if you’re ready to discuss
your real estate buying and selling options.
Prudential
Pladson Realty (320) 240-3363
hauck@saintcloudrealestate.com
