If 2010 is your year to move, there are a number of great reasons to make that move in the first six months of 2010. We would be happy to discuss options with you or anyone you know who is thinking about making a move this year.
Now really is a good time to buy or sell your home.
Interest rates. Mortgage rates are at an amazing all-time low. Now is the perfect time to capitalize on these rates.
Tax Credit Extension and Expansion. The tax bill adds an incentive for existing homeowners who have owned their current homes at least five years, making them eligible for tax credits of up to $6,500 when they purchase a new home. Plus, first-time homebuyers will still get up to $8,000.* To qualify, buyers in both groups have to sign a purchase agreement by April 30, 2010 and close by June 30, 2010.
Affordability. Current market conditions make it a great time to invest in real estate. Forbes magazine recently ranked Minneapolis the “Most Affordable Place to Live Well” in the country due to the area’s housing affordability, residents enjoy a high quality of life and access to choice arts, leisure and entertainment offerings.
Inventory. There is a wide variety of high quality homes available in all price ranges and communities in the Twin Cities. You can choose from new construction, existing homes, starter homes, luxury properties, condominiums, co-ops, townhomes and lofts.
Large buyer pool: For sellers, the 2010 tax credits as well as local city and state home buying incentives has increased the number of buyers for every home on the market.
*Certain restrictions apply.
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