Real Estate News from Kristi Weinstock
December 2013
 

 

 

In This Issue
5 Reasons to Buy A Home Now Instead of Spring
Buying a Home? Consider COST not just Price

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"Kristi 's greatest strength as a realtor is she understood our "buying personality." She has a great knowledge of the history of properties in the Lake Minnetonka area and always kept us up to date on any new opportunities and market trends. But she also allowed us to keep our own timeline, do our own research and learn about the area.without feeling any pressure. She was always extremely responsive and ultimately helped us close on a property we love! She also gave us good advice about the true value of our existing home and what it needed to be ready to list . she provided fantastic marketing methods and materials and helped us find a great buyer. We would recommend Kristi to anyone looking to buy or sell a home in the Lake Minnetonka area."

 

-Veronica & Mike Grover

   

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Welcome!

          
We're officially in the thick of the holiday season, and it's a joyous time of year! Whether you celebrate Christmas, Kwanzaa, Hanukkah, or anything else this December, the most important part is spending quality time with those you love.

The holidays are a busy time, and I'm here to work for you.  If you're planning on buying a new home for a place to spend the holidays, or if you're selling, I can take the guesswork out of each process.

Many homeowners have delayed their next move in hopes of a stronger market. This is the best time in the last five years to list your home. Buyers are motivated by the combination of low interest rates and positive economic outlook. Sellers are seeing faster sales, slightly higher prices and frequently multiple offers. Be ready to capitalize on the post-holiday home buying season, which starts in January!

If you have any questions or would like to discuss the housing market, please give me a call.  I wish you and your family a very happy, healthy holiday season!  

 

 

Kristi Weinstock

Coldwell Banker Burnet

612-309-8332 | 952-474-2525

kdweinstock@cbburnet.com

www.kristiweinstock.com

Is this the year you are planning on putting your home up for sale?  If your answer is "yes" or "possibly, depending on price" we have a GREAT option for you. We'll take a look at your home and discuss pricing.  Once we've determined a number, we keep your home on file. If/when we have a buyer looking for a home matching your criteria, we give you a phone call to set up a private showing. This really works!

 


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5 Reasons to Buy A Home Now Instead of Spring
by The KCM Crew

Based on prices, mortgage rates and soaring rents, there may have never been a better time in real estate history to purchase a home than right now. Here are five major reasons purchasers should consider buying:

Supply Is Shrinking

With inventory declining in many regions, finding a home of your dreams may become more difficult going forward. There are buyers in more and more markets surprised that there is no longer a large assortment of houses to choose from. The best homes in the best locations sell first. Don't miss the opportunity to get that 'once-in-a-lifetime' buy.
 

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 Kristi's Pick of the Month
21957 Minnetonka Blvd #20, Greenwood

Views of Lake Minnetonka envelop you in this exquisite next to new condo in Excelsior. Sunrises over St. Albans Bay greet each morning, sunsets over the main lake warm each evening. Your own private dock and the energy of the village of Excelsior.
 

 

 

Featured Listing 
6719 Brenden Ct, Chanhassen, MN 55317

Sun filled living areas, soaring ceilings,open and flowing rooms come together in this executive home. Main floor master bedroom, office and eat in kitchen, walk-out lower level,spacious family room, game room, heated garage, security system, wooded backyard and located on a cul-de-sac. Minnetonka Schools!

 

Buying a Home? Consider COST not just Price
by The KCM Crew

We have often talked about the difference between COST and PRICE. As a seller, you will be most concerned about 'short term price' - where home values are headed over the next six months. As a buyer, you must be concerned not about price but instead about the 'long term cost' of the home. Let us explain.

Last month, the Mortgage Bankers Association (MBA), the National Association of Realtors, Fannie Mae and Freddie Mac all projected that mortgage interest rates will increase by about one full percentage over the next twelve months. We also know that many experts are calling for home prices to also increase over the next year.

What Does This Mean to a Buyer?

Here is a simple demonstration of what impact an interest rate increase would have on the mortgage payment of a home selling for approximately $250,000 even if home prices don't increase:

   

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