Brought to you by Michael J Kelly - "The Scottish Guy"

IN THE DULUTH/CLOQUET AREA THE REAL ESTATE MARKET HAS ONLY DECLINED SLIGHTLY FROM THE HIGHS OF 2006.  MORTGAGE INTEREST RATES ARE THE LOWEST THEY HAVE BEEN SINCE THE 1950S BUT MOST ECONOMISTS AGREE THAT THEY ARE SET TO RISE THIS YEAR.  

A 1% RISE IN RATES FROM 5% TO 6% MEANS THAT THE PAYMENTS ON A $150,000 MORTGAGE WILL RISE $95 PER MONTH OR $1140 PER YEAR.  CAN YOU AFFORD TO WAIT?

MORTGAGES ARE READILY AVAILABLE IF YOU HAVE REASONABLE CREDIT!!  IT'S TIME TO GET OFF THE FENCE AND BUY, BUY, BUY!!

Why?  Because I'm Mike Kelly, "The Scottish Guy", and I will make your real estate dreams come true!  In today's very competitive real estate market you need the help of my long experience as a real estate  professional.   

DON'T BE PESSIMISTIC - BE REALISTIC  DON'T BE FOOLISH - BE BULLISH

BUYERS:-  This is the best  buyer's market in years, so buyers - why aren't you buying?  Are you waiting for prices to hit bottom? How do you know when that will be?  I DON'T & I'M THE PROFESSIONAL - IT JUST MAY HAVE ALREADY HAPPENED IN OUR AREA.  Make your own "bottom"!!. Make an Offer as Sellers are ready to sell in the best buyer's market in a generation.  Interest rates are the lowest they have been - EVER!!  While you are waiting mortgage interest rates may go up and wipe out any benefit you may have gained.   Not sure you can get a mortgage?  Heard that it is just too difficult in the current market?  NOT TRUE!!  There are local lenders I work with who are still offering mortgages with sellers paying up to 6% of your closing costs.  What does that mean?  WITH AVERAGE CREDIT YOU CAN STILL BUY A HOME.  Contact me today to find out how! I can represent you and write an offer for you on any property listed with the Duluth Area Association of Realtors, of which I am a member. 

SELLERS:-   Are you waiting until home prices increase again to get top market value? When will that be?  Even real estate professionals like me don't know the answer to that. If you wait and prices do increase then the home you want to buy will also be more expensive so just like the waiting buyer you lose any gains.  The comments to buyers about mortgage rates are also relevant to you, the seller. Our market's price declines have been small compared with east & west coast which means that prices are not much lower than the highs of 2006. They are not expected to begin to rise again any time soon but may decline in the interim.  And really it should be about getting on with your life and making your move now and forget about being a real estate guru by trying to time the market. 

Michael J. Kelly, Realtor     Have a Braveheart and call the "The Scottish Guy" ! !