THE BUYERS MARKET IS HERE

Dated: October 1 2018

Views: 199

Just as the great Bob Dylan said 

"The times they are a-changin"

5th St Mural Minneapolis


Have you been waiting for this day to come? 

After the last few years of being a complete sellers market especially in the 1st home buyer sector we are starting to see better deals out there for buyers. 

Homes are not selling in the first weekend and there are price reductions on many properties in all price ranges. 

The slowing in buyer activity compounded with the winter slow down, sellers are more willing to accept lower offers and pay for buyers closing costs


With homes remaining on the market and new homes being listed, there is also a larger choice for buyers unlike only a few months ago when we were seeing 5 and 10 offers on homes in the first week driving prices higher and way over the list price.

There are now very real deals out there for buyers that have not given up or are savvy enough to have a realtor in their corner that can identify and negotiate a great deal.


If you have been thinking of starting the buying process

now is the time to capitalize on a great deal while interest rates at their current level.


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As you can see from the latest stats above the sharp decrease in sold % of original list price   


There is usually a slight decrease during the winter months but with this added market shift those who are prepared to brave the elements and search in the winter are going to save big bucks. 


(Working off the current market data graph above) 

A $240,000 home selling at 94% of the list price is $225,600 the buyer saving a whopping  $14,400 

Then if you can get the seller to pay your closing costs that could be another $7000


$21,000 IN SAVINGS!!


 If you would like to start the buying & finance pre approval process 

reach out to me today!

Aaron Spiteri 

651 410 4080  aaron@lakesmn.com


http://aarons.tcpropertyfinder.com/index.php




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Aaron Spiteri

A former top athlete, successful at the highest level competing as a horse racing jockey around the globe, Aaron has continued that success in real estate, winning multiple awards and recognitions in ....

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