St. Cloud Real Estate - buy now while home prices and interest rates are so low!

There are many great St. Cloud area homes for sale. Click here to perform a full home search, or if you're thinking of selling your home, click here for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call me at (320) 240-3363 for a FREE home buying or selling consultation to answer any of your real estate questions.
 
I get the question all the time: How do you save money in this real estate market? Moreover, what's the best way to get the best value on the house you're buying? Today I'm here to answer these questions and give you the good news about the current real estate market.

First off, home prices have really bottomed out. Most likely, 6 months to a year from now the market will pick up more speed; the construction industry will start thriving and prices of building materials and labor will climb fast. Given this forecast, you can expect the average home price to rise soon, so the sooner you get out there and buy the better.

Secondly, interest rates are still at a rock-bottom percentage. We are averaging a 4.5% rate but forecasters expect that rate to increase a pull percentage in 2014. Sounds pretty minor right? Well, that one percent increase to 5.5% will mean you're paying roughly $125 extra a month for the same house. That's $1,500 a year, and a whooping $45,000 extra paid over the lifetime of a standard 30 year fixed mortgage rate.

If you're thinking of buying today, don't wait! Call me  at (320) 240-3363 or email me at hauck@saintcloudrealestate.com. I hope to hear from you soon, have a great day!