Why wait?

Many have been hearing this in the real estate world, but many still don't understand the significance of the statement.  Even if rates do continue to drop which is highly unlikely, keep in mind the rates of today are so far under the historic average it makes no sense to hold off.  If we combine this with the lower subcontractor costs and lower building material costs, we have a perfect storm in your behalf.  As I have progressed through the years in this business, I have noticed one thing that has always baffled me.  I am always busier when the rates are on the rise vs when they fall.  When my clients have done this, they buy out of fear rather than logic.  I have always tried to counsel my clients to take their time and make this process a methodical one, but when forced to build in a time just to capture a good rate we don't see that happen.  The real estate industry is no different than the stock market, yet people tend to think it is sure fire money maker.  Granted today you will sell your home for much less than you would have a year or two ago, but you are also building a home for much lower than you would have as well.  Like the stock market, you will more than likely make money on your home if you let time be in your favor.  Another idea is the thought of buying bank owned properties.  Many of my clients have started the searches this way and have soon realized that even though they buy at a discounted price, the needed enhancements to the property they are looking at adds cost back to the home as if it where a home sold at the market rate.  We have never seen new home prices be so close to current market prices on comparable homes, so building is a super option to get what you want, have all of your warranties in tact, and have a home live the way you have always dreamed of!     

Financing Information

This week we are excited to have Roxanne Hellickson join our blog postings! 

 

When it comes to choosing your lender, Roxanne Hellickson at Associated Bank gets the job done!  She will meet with you at your convenience.  Nights and weekends too!  Call today – 507-259-2000

 

At Associated Bank, the construction financing process is simple.

Andy at Med City Builders of Rochester, LLC will get me the bids/estimates and plans.

My borrowers provide documentation for income and downpayment along with a complete application

I, as your lender, take the paper work and get it processed and approved.

It’s as simple as that!

 

*One set of closing costs

*Long-term rate locks

*Interest rates at historical lows

*Interest only- payments during construction

*Loans available to fit your financial situation

*Local decisions – we drive the process.  We know our customers and our market area.  We process and service your loan locally!

*Commitment – We do all the paperwork for you!  Fast turnaround time from application to closing!

 

 

Call Roxanne Hellickson at Associated Bank 507 259 2000!