I often have clients ask "When is the ideal time to buy a home"? In order to appropriately answer the question with their best interest in mind I will have to see why they ask. Usually the response is about interest rates, prices, or something like "My uncle's, mechanic's, best friend that that used to be a Realtor said..." My short answer is "When you are ready." but what does that mean? How stable is your employment? Do you intend to stay or hold on to the property for more than 5 years? Do you have adequate reserves in case you were to be let go from your current employment?Price/rate chart for prospetive home buyers.

In a recent Forbes blog post, multimillionaire hedge fund manager John Paulson declared that today’s record-low interest rates made this the best time to buy homes in fifty years. “If you don’t own a home, buy one,” Paulson said. “If you own one home, buy another one, and if you own two homes, buy a third and lend your relatives the money to buy a home.”  Interest rates are a huge part of the equation and with the debt crisis looming it could send rates upward making home ownership unaffordable again.

Matthew Johnson

www.tjreg.com

The Johnson Real Estate Group serves Woodbury, Oakdale, Cottage Grove, and the entire Twin Cities Area including Western Wisconsin! We are dedicated to providing a superior experience when buying or selling your Twin Cities home! Contact us at www.tjreg.com to find out more. Chart from KW Realty blog.

Selling Homes in Woodbury Minnesota
Matthew Johnson |The Johnson Real Estate Group
Keller Williams Premier Realty
651.209.3767 Office/ 651.379.5263 Fax
 

Facebook Twitter LinkedIn YouTube
Contact me: Google Talk mattjrealtor Skype mattjrealtor

 
This post has been included in Minnesota Real Estate News Washington County, MN Real Estate News Woodbury, MN Real Estate News
Post is included in group: Active Rain Newbies
Post is included in group: Keller Williams 'Rainers

0 Comments on When is the ideal time to buy your Woodbury, MN home?
What does the graphic say?
Leave a response…

(optional)
Spam Prevention:
 
Mattj

Matthew Johnson

Woodbury, MN

More about me…

Keller Williams Premier Realty

Address: 659 Bielenberg Drive #100, Saint Paul, MN, 55125

Office Phone: (651) 209-3767

Cell Phone: (651) 775-7515

Email Me

Woodbury, Minnesota residential real estate expert and local real estate blogger www.mattjrealtor.com, Matt Johnson of www.thejohnsonrealestategroup.com at Keller Williams specializes in www.homesinwoodburymn.com & east suburbs of the Twin Cities Metro in Minnesota. This is crazy, but here’s Matt Johnson’s number…612-208-7515, so call or text him, maybe? Then experience the passion you expect and the attention you deserve. We promise he’s not a snooze. He’s just really good at what he does! ****Carly Rae Jepsen’s song “Call me maybe” is his ring tone, so we promise he is not a snooze ; ). http://youtu.be/x9VQbIdpjY0


Links

Archives

RSS 2.0 Feed for this blog