Weather Outside Frightful? Here are FIVE Reasons Why NOW is the Time to BUY a MN Home!

By
Real Estate Agent with Boardman Realty Minnesota License#90858

Winter Driving in Anoka County MN by REALTOR Teri EckholmYes the weather outside can be frightful on a cold Minnesota night when it snows and is below zero...but this year more than ever, those considering buying a home may not want to wait until the spring thaw. Whether you are considering a townhome in Hugo or White Bear Lake, a lake home on Forest Lake or acreage in Anoka County, there are deals throughout the north and east Twin Cities metro. But low home prices are not the only reason to take the "polar-plunge" into buying a home in the winter.

Here are FIVE of the BEST reasons homebuyers might want to move up the timeline for a new home:


  1. Extended and Expanded Tax Credit. The homebuyers tax credit is not just for first time buyers anymore. Now people who own a home but plan to buy a new primary residence can receive a tax credit too. It is not as large as the first time buyer credit of $8000 but $6500 can come in very handy when decorating or landscaping that new property. Click HERE for additional information on the 2010 Homebuyers Tax Credit.
  2. Fewer Buyers in the Market. When the first expiration date was set up, many first time buyers rushed to close by the end of November. The procrastinators are still procrastinating now that they have until April with the extended credit. Smart buyers are looking right away as sellers are selling all year round.
  3. Less Demand equals Lower Prices. This is basic economics. Fewer buyers in the market are going to mean less chance of multiple offers. At the end of last fall, in the rush to have contracts in place to close by the end of November, there were literally dozens of offers on well-priced bank-owned homes in good condition throughout Anoka County. You still might have multiple offers at this time of year but your odds will be better.
  4. Great Interest Rates. These extremely low interest rates will not last forever. Take advantage of the rates before they start rising.
  5. Inventory. Homes do come on to the market during the winter. People relocate, get married, have children, retire etc and don't always want to wait until spring to put their home on the market. Also banks list properties as soon as they get the keys. With new inventory coming on all the time, it is important to look or you could miss a great deal.
Posted by

Teri Eckholm. REALTOR with Boardman Realty, is a native Minnesotan who has lived and worked in the Minneapolis St Paul metro all of her life. She specializes in lakeshore homes, acreage properties and first time home buyers but assists anyone making a move in the north and east Twin Cities metro.

If you are buying, selling or relocating to Minnesota and need help from a professional REALTOR®, give Teri , a call or visit her website for a FREE Home Buyer Success Guide or FREE Home Value Report She specialize in acreage and lakeshore properties in the north and east Twin Cities metro area including Ham Lake, Lino Lakes and all communities in the Forest Lake School District! Serving Anoka, Chisago, Ramsey and Washington Counties in Minnesota.

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Rainmaker
551,812
Lynda Eisenmann
Preferred Home Brokers - Brea, CA
Broker-Owner,CRS,CDPE,GRI,SRES, Brea,CA, Orange Co

Hi Teri,

OMG, that looks soooo cold! Yet your comment about "Less Demand equals Lower Prices" does make sense, dosen't it? You're a hearty bunch in Minnesota.

Merry Christmas to you and yours!

Dec 18, 2009 09:40 AM #1
Rainmaker
1,928,270
Tom Braatz Waukesha County Real Estate 262-377-1459
Coldwell Banker - Oconomowoc, WI
Waukesha County Realtor Real Estate agent. SOLD!

Teri

There are some great reasons undeed to buy, and with the tax credits, the lower prices, and amazing rates it is prime.

Dec 18, 2009 09:53 AM #2
Rainmaker
1,317,601
Joan Whitebook
BHG The Masiello Group - Nashua, NH
Consumer Focused Real Estate Services

Oh -- the weather is frightful!  Hope that Buyers take advantage of this opportunity.

Dec 18, 2009 01:14 PM #3
Ambassador
1,881,162
Gary Woltal
Keller Williams Realty - Flower Mound, TX
Assoc. Broker Realtor SFR Dallas Ft. Worth

Teri, it is always a good time to buy, especially if buyer clients have you guiding them. Great points for moving forward now.

Dec 18, 2009 03:00 PM #4
Rainmaker
643,145
Marchel Peterson
Results Realty - Spring, TX
Spring TX Real Estate E-Pro

TERI, Those are great reasons.  I have had so many clients who in retrospect wished they had jumped instead of waiting until everyone jumped and then battling it out in multiple offer situations.

Dec 19, 2009 12:22 PM #5
Rainmaker
720,487
Teri Eckholm
Boardman Realty - White Bear Lake, MN
REALTOR Serving Mpls/St Paul North & East Metro

Lynda--It was a photo I took last year but it is coming! And when the heat is off in some of the vacant houses, it can be very cold! Merry Christmas to you too!

Tom--Absolutely...But that new tax credit expansion should get some previous homebuyers that want to move excited about moving in the winter weather too!

Dec 22, 2009 12:37 AM #6
Rainmaker
720,487
Teri Eckholm
Boardman Realty - White Bear Lake, MN
REALTOR Serving Mpls/St Paul North & East Metro

Joan--I agree...there will be those who procrastinate who will miss out on the opportunities that are out there.

Gary--Why thank you! There are always bargains out there...sometimes there are just better opportunities to make them yours!

Marchel--It is a cross country thing as procrastinators realize they may have missed out...Not yet due to the extended credit but in a few months I think those who wait will feel the pressure.

Dec 22, 2009 12:41 AM #7
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Rainmaker
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Teri Eckholm

REALTOR Serving Mpls/St Paul North & East Metro
Looking to buy or sell in the Twin Cities? Contact Me Today!
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