The city of Rice, MN has had more than its share of foreclosures lately, due almost entirely to the illegal activities of one real estate agent/mortgage broker. Sham sales were made and hopefully the authorities will bring those responsible to justice.
Now for the good news! Yesterday I showed property in Rice. We started out with 7 bank owned houses to view. Of those 7 homes, 3 had multiple offers, and were all but sold.
This is a view of things to come. Investors and first time home buyers are coming to the market to buy now! No one knows what interest rates will do in 6 months or a year down the road. Today we have the ultimate convergence of low prices, and low rates.
The smart buyers are getting in!
Steve Baklaich
RE/MAX Realty Source
Steve's cell - (320) 260-3290
Offfice - (320) 258-5766
steve_baklaich@yahoo.com
http://www.stcloudareahomesforsale.com/
This blog was originally posted on Steve Baklaich's website blog on April 3, 2008, reprinted with permission. http://www.stcloudareahomesforsale.com/blogs/elizabeth__steve_baklaich/archive/2008/04/03/buyers-are-rushing-to-rice-mn.aspx
Comments (2)Subscribe to CommentsComment