Yes, I’m speaking metaphorically. But it is a great way to describe the real estate market in Minnesota. So humor me…..

Incentives, low mortgage rates, down payment assistance programs, 6 percent seller paid closing costs….

Lets say you are a first time home-buyer in Minnesota, do you want to miss this ‘Sweetheart of a deal’ and lose out on the opportunity to get an actual $27,000 in hard money?? Well, if you are in the first time home buyer market and haven’t purchased yet, or don’t get moving and buy now… you can kiss that $27,000 goodbye. Literally.

Listen to The Minnesota Real Estate Show on KTLK, 100.3FM on Saturday, February 6th from 11am to noon to hear us hash out the details, but here is the basic breakdown.

First time home buyer purchasing a home for $175,000.

As a buyer of a distressed property (short sale or foreclosed) with an income under $67,200 a year, you could potentially take advantage of ALL of these down payment assistance and government programs:

The $8,000.00 first time home buyer tax credit.

$10,000 in down payment assistance.

$5,000 in seller paid closing costs

AND if you take advantage of today’s interest rates BEFORE they go up, you could save over $4,000 in monthly payments (the difference between your mortgage payment with the higher interest rate and the current interest rate over 5 years which is the average of how long people stay with the mortgage before moving or refinancing)

I know it is a lot to wrap your mind around, so here it is plain and simple: Take advantage of the sweetheart of a deal, don’t wait until the honeymoon is over. Now is the time to buy.

Tune in to The Minnesota Real Estate Show on Saturdays from 11am to noon to catch the discussion, and as always, feel free to call in and ask your question!

Would you like to learn more about how to qualify for a mortgage? Contact Carrie Guarrero Today!

Carrie Guarrero is producing Regional Manager and Vice President of Cornerstone Mortgage Company in Burnsville, Minnesota. If you are looking for Burnsville real estate, contact Carrie first!