Spring 2015 Is a Great Time to Be a Minneapolis Move-Up Home Buyer
With an early preview of spring last week, home buyers and sellers in the Twin Cities are gearing up for a hot real estate season. The unusually warm winter and early spring have jumpstarted the housing market. That makes it the perfect time to sell your house and move into a home that’s the perfect fit for your growing family.
Move-up buyers like you face a unique set of challenges. Most have a home to sell before they’re able to afford a new one. That means you need a market that will give you top dollar for your home while having enough inventory available for you to find the home of your dreams.
Selling Your Home to Move Up
Preparing and putting up your home for sale is the first step in moving up. Often, move-up buyers are moving from a smaller, more urban home to a larger one. Fortunately, demand for smaller, urban homes is on the rise. Millennials and many empty nesters are looking for homes that are close to public transportation and the culture and nightlife of downtown.
Work with a reputable Realtor® who will compile a comparative market analysis to price your home competitively. Then, stage your home so it sells faster and for top dollar. Take advantage of online and mobile selling tools. Buyers, especially younger ones, are increasingly using their smartphones to search for listings.
Buying Your Next Home
Once your current home is on the market, it’s time to start looking for your next one. Interest rates on mortgages are still low, often less than 4 percent for qualified buyers. Take advantage of these low rates before the Fed raises interest rates later this year, as it is expected to do.
Again, working with a reputable Realtor® will help you pinpoint your search to homes that fit your needs for space, yard, neighborhood, and school system. He or she will help you identify what qualities in a new property are most important to you.
Take advantage of our warm spring to sell your home and move up into a new one. To get started, contact Brooks Johnson, your friend in real estate, today.
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