Saint Cloud Market Update

Welcome back to our video blog! I have some great news! Pladson Prudential Realty has now merged with Coldwell Banker Burnett. We have double in size and gained better technology to give you even better service!

We’d love to help you with your real estate needs. Have you been thinking of buying or selling? Now is a great time.

Home prices have stabilized and are starting to go up. As many of know, too, interest rates have been on the rise. They rose to 4.5 percent, but recent dropped back down to 4.25 percent. Take advantage of these historically low rates; they are expected to increase again.

For any of your real estate needs, please give me a call!

Is it Too Late to Move for the Year?

Welcome back to our video blog! I’m here to answer questions that have been coming up lately and one of the biggest questions I’ve heard is “Now that it’s fall, is it too late to move?”

I have great news; the answer is no! Typically we have most of our activity from February through May, but if many of you can remember, we had a lot of snow in April. The weather slowed down the normal spring market. Activity didn’t crank up until about May 1^st. Because of this we are expecting a busy fall market!

If you are thinking about buying a home right now, there’s a great selection of homes, great interest rates and lenders are excited to lend money! If you’re thinking about selling, we have a lot of people who are currently renting and are ready to get back into the market.

Some other great news is there’s still plenty of time to get into your new home and settled and be relaxed and ready for the upcoming holiday season. Market values have stabilized and are improving. If you have any questions about what your home is worth, just give us a quick call at 320.240.3363 or send me an email at hauck@saintcloudrealestate.com we’d be more than happy to help you!

Is the market better?

 Thanks for joining me today! We are here to give you an update on our market, and it really is an exciting market with wonderful changes. Today, I wanted to answer a couple of questions I’ve been hearing a lot lately.

Is the market better? Can I get my home sold?

If we take a look at the Saint Cloud Market, we have 350 pending sales. These are home that are waiting to close. That’s the best we’ve seen in about seven years. The exciting thing is these homes are selling in 2-8 weeks. Absolutely can we get your home sold! Not only that, but we can sell it at a price that’s 2-4% of the sales price!

Why would I do it now?

Some people have expressed concern that it may be better to wait until next year. Well, there are some benefits to making your next real estate move now. As we all know, that crystal ball is never 100% accurate, but it looks like the interest rates will be higher next year. It also looks like as the market gets stronger, the prices of homes will be higher as well. If you buy today, you will save a significant amount of money by locking in the phenomenal interest rates.

What difference do interest rates make?

Today mortgage rates are right around 4% for a 30 year fixed rate loan, which is a phenomenal rate.  If you finance a $200,000 home, your payment at 4% will be right around $954. This is tremendously better than the past.

If you wait a year, and rates go up to 6%, your monthly payment will be $1,099. So, if you buy today, you’ll save $245 a month! If you own your home for 10 years, that’s $30,000 of interest you wont pay!

You can also get more house with our current interest rate. With a 4% interest rate you can buy that $200,000 home, if rates go up, you are looking at homes right around $159,000.

If you are interest in moving or selling or know someone who is, give us a call 320. 240.3363, we’d love to help them take advantage of the market!