As new buyers come into the market its important to know that in the Twins Cities Area in Minnesota the new listings and homes reduced to the right price will sell fast once they are priced to get attention.
Knowing this you will want to be pre approved for a mortgage when you are ready to move because not doing so could keep you from ever getting that great deal.
Also, you want to see the home right away in order to have a chance to get an offer in. Often these homes are getting multiple offers and the price is being bid back up.
I know, that can be hard to imagine in a "down market" or "buyers market" but its true. Its important for you to know that come Spring or even before the competition is only going to heat up more. More people like to move when its gets warmer. The tax credit opportunity is set to expire April 30th so I would imagine an increased demand as we get closer to that date.
So start looking hard now and be ready for the opportunity to own a great home at a great price!
Chuck Carstensen
RE/MAX Associates Plus
612-290-3809
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