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.
5 Reasons to Buy a Home Now
The spring market continues to move along very strongly and I have come up with 5 different reasons why now is a great time to buy real estate in St. Cloud.
- Less Competition: You're going to have a lot less competition as a buyer right now than you will have in a year or two years. A lot of buyers are getting back into the market, but some of them are hesitant because they are unsure if this is a true recovery. You can avoid waging a bidding war with other buyers if you buy a home now.
- Price Increases: Today we have prices that are still at a 30-year low. After dropping nearly 30% in the last 8 years, home prices are finally on the rise again. Now is your chance to lock in these low prices and ride up the increasing home prices.
- Home Ownership Builds Equity: Home prices are starting to rise and existing homes are much cheaper to buy than new construction. As new construction becomes more common in St. Cloud, it will bring up the price of other homes. This will allow you to build equity quicker and faster than you have in quite some time.
- Interest Rates: Interest rates remain very low at 4.5-4.75%. If you want to lock in the low interest rates and the ensuing low payments, then now is the time to buy.
- Shorter Repayment on Your Mortgage: This is an alternative way to build up a substantially larger amount of equity on your mortgage.
Hopefully you have found this information to be helpful. I just wanted to let you know that you could save hundreds of thousands of dollars by choosing to buy now.
If you would like to know more about real estate in St. Paul or if you would like to arrange a time to discuss your particular goals, then please do not hesitate to contact me via phone or email.
