I'm sure you've heard that the real estate market is down, and everyone is feeling the effects. Yet there are 
many GREAT reasons to buy a home in Mora Minnesota right now! Here are my top ten reasons:
- Prices are great on homes. Real estate in Mora wasn't as inflated as some other locations in previous years, but has taken a hit this year. Prices have fallen, making it easier and more affordable to get into a quality, stick-built home than it was before!
- Interest rates are still low. I know many lenders in Mora Minnesota that are getting buyers better rates than buyers were getting in the height of the real estate market, two to three years back. With some programs, you can even get as low as 6%!
- Great "zero down" programs. Now is a great time to jump in and take advantage of some of the great mortgage options that are available to buyers, especially in Minnesota. Many buyers can get into a home for little or no out-of-pocket expense!
- Lending laws have gotten tougher. Although this makes it harder for some buyers to secure financing for homes in Mora Minnesota, it helps buyers feel confident and secure in their lender and their mortgage.
- Buyers market = more choices! There is a surplus of homes on the market right now, which makes it even easier for you to find your dream home in Mora!
- You like to make money. Let's face it, the market isn't going to stay down forever. Land value is ALWAYS appreciating, and homes soon will, too. Jump in now, while it's affordable, and cash out later. Real estate in Mora MN is always a good investment.
- Flexibilty. You can do whatever you want in your own home. You could have pets, mow the grass, plant flowers, paint... the possibilities are endless! Whether in Mora or rural, there are tons of options.
- Longer mortgage terms mean smaller payments. Although the traditional mortgage is still a 30 year mortgage, it is becoming more and more common to see 40, 50, and even 60 year mortgages. With the inflation of home prices and the lack of inflation in salaries, it makes standard homes more affordable to more buyers.
- Reverse mortgages. It's never too early to begin to think about retirement, even in Mora Minnesota. Buying a house is a great step in the right direction. When you reach retirment age, if you have the majority of your home paid off, you could use a reverse mortgage to supplement your income. Whether you need to borrow one small lump sum, a monthly payment, or a large sum - a reverse mortgage gives you that opportunity!
- Plenty of room. Buying a house could give you extra bedrooms, a yard, a garage, and all those little luxuries that you didn't have while renting, or in your previous home.
If you or anyone you know is looking to purchase or sell a home in Mora, Pine City, Cambridge, McGrath, Brook Park, Braham, or surrounding areas, feel free to contact me for free advice, free market analysis, and dependable, knowledgable assistance in the biggest transaction of your life!
Joslyn Panka is a Realtor in Mora Minnesota with RE/MAX associates plus. She has been in this office for two years, and loves what she does. Come see her passion - stop in, call, or e-mail today for top notch real estate service!
Visit my website anytime at http://joslynpanka.point2agent.com!
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