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Brainerd Real Estate Blog

Chad Schwendeman

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19450 255th Avenue, Pierz MN 56364, $489,900

by Chad Schwendeman

31640 240th Lane, Aitkin MN 56431, $449,900

by Chad Schwendeman

XXX Scenic Overlook, Breezy Point, MN 56472, $14,900

by Chad Schwendeman
XXX Scenic Overlook Breezy Point, MN
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Fantastic Breezy Point location to build your dream home. 0.54 Acre property that has city owned property behind it for privacy. Close to restaurants, golfing and Pelican Lake.
MLS# 4900245
$14,900
0 Bed, 0 Bath
XXX Scenic Overlook
Breezy Point MN, 56472

Chad Schwendeman
EXIT LAKES REALTY PREMIER
218-851-8550
EXIT LAKES REALTY PREMIER Chad Schwendeman


36052 492nd Ln, Palisade, MN 56469, $114,900

by Chad Schwendeman

Should I Buy a Home Now?

by Chad Schwendeman

I'm often asked if this is a good time to buy a home. Some clients are concerned that home prices may fall further than they have already. They are assuming that the best course of action is to wait for the bottom in the market and then buy. The problem with this approach is that you don't know where the bottom is until you see it in the rear view mirror, meaning until you've missed it!

Home prices are one factor in determining your cost of ownership, but so are interest rates and financing availability. Even though interest rates have gone up in the last six months, they are still near historic lows. Since your monthly mortgage payment is a combination of paying down your principal and paying the interest owed, if home prices come down a little further but interest rates up, it could cost you even more to service a mortgage on an identical home!

While a home is a major investment, it is also the center of your personal life. It's important to live in a home that reflects your taste and values, yet is within your financial "comfort zone." To that end, it may be more important to lock in today's relatively low interest rates and low home prices, rather than to hope for a further break in prices in the future.

Please give me a call if I can be of any assistance in determining how much home you can afford in today's market.

Displaying blog entries 181-185 of 185

Contact Information

Photo of The Chad Schwendeman Real Estate Group  Real Estate
The Chad Schwendeman Real Estate Group
EXIT Lakes Realty Premier
7153 Forthun Road, Suite 120
Baxter MN 56425
Direct: 218-831-4663
Office: 218-454-0914