Have you ever wondered when is the right time for you to buy a home in Minnetonka? As per experience, we are constantly contacted by our buyers to look for inventory and having a huge sense of urgency. They are looking right now for the best deal in the world, an opportunity that might soon pass by right before their eyes.
Low interest rates. One of the reasons why people should buy a home in Minnetonka right now is because interest rates are still at historically low levels. Many homeowners are hoping low interest rates will allow them to cut out the middle man and turn a bigger profit. However, experts say home buyers can get into a rate lower than 4% for a 15 year mortgage and the key to get a rate this low is to work with a Realtor like us who understand the market.
Consumer Confidence. Another reason why the perfect time to buy a home is RIGHT NOW is the fact that people have increased their consumer confidence. They have confidence in the market and they realize that in order to take advantage of the low interest rates, they need to get in a home that is going to sustain them for a long time. If they plan to moving the next five years right now they are thinking why not move now? Rates can be very different, and a difference of 2% adjustment can be 100k, 200k, 300k dollars over the life of the loan in additional interest that you can avoid paying. Housing markets, especially in Minnetonka, are also undeniably in a low inventory and high demand environment.
So if you are thinking to move in the next 5 years and buy a home in Minnetonka you might want to look at the numbers and decide to move now. It's still important to avoid making hasty decisions but it is also equally important to consider that waiting too long can cost a real bargain. Contact us, The Exceptional Home Team, and know more what's in store or you.
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