No Way You Paid That

On a beautiful Minnesota Saturday, several years from now, two people will be standing on a deck. Maybe it's in Maple Grove, or Plymouth, or Champlin or Brooklyn Park. One person comments on how nice the others home is and the other leans in and just above a whisper tells their friend what they paid for it. Their face shows a twinge of guilt mixed in with their very visible pride in deal-making.

The deals that are out there right now on builder spec homes, lots, and foreclosed properties are a once in twenty years opportunity. I have shown a bunch of them and noticed two things. First, the quality is amazing. True there is some absolute junk. But I have seen some move in ready homes at prices 25% below appraised tax value. Second, they are going to disappear. Now I do not want to be one of those people who tries to create a false sense of urgency. Let me ask you this though, do you really think there are any builders currently building houses they intend to sell for $100,000.00 below their cost?

So, if you are comfortable on the sidelines, by all means stay there. But if you find yourself on a deck somewhere a couple years from now and you're kicking yourself because your buddy can't get that smug look off of his face, don't be mad at me. I told you.

Thanks for reading and remember; for help with Hennepin County Real Estate, Maple Grove Real Estate or any Minnesota Real Estate, call Coach Boom

Tim Ross * Re/Max Associates Plus * 612-598-9295