Luxury Home Minnesota Numbers for June 2018 700k to 800k
We’re still seeing a significant market for both Luxury Home Sellers and Luxury Home Buyers since inventory is still low and so are interest rates.
Should You Sell Now or Wait With Your Luxury Home?
If your looking to sell your Luxury Home in Minnesota it is an excellent time since predicting the market correction is very tough. It is better to sell into what is called the strength of the market versus trying to react to a market correction and watch as the money you would have made selling fast is going bye bye.
Take the profits while you can. The saying that Pigs are feed and Hogs get slaughtered isn’t still around because it is not true.
Should You Buy or Build A $700,000 to $800,000 home in Minnesota in 2018?
You should do either as long as your smart. If you have recently come into more money aka your business has taken off; you need to be smart because the money that is nowhere with the current uptick in the market may not be here when the market downticks.
The rules of real estate and stock trading are from human behavior and not due to something new that has come out.
Being wise in your Luxury Home Purchase is knowing what deal is and what is something that someone is trying to offload. Other advantages are looking at homes that have been overlooked and why they have.
Can get the home for a discount and have the work done? Having kitchen and trim can cost money, but when a seller thinks that they will lose money doing this upgrades, they are.
If the Luxury Home Seller doesn’t do the necessary upgrades, this eliminates interest in the Luxury Home. The multiple offer situation to goes away and the price has to be dropped over time to get the home sold or taken off the market.