You don’t have to convince local homeowners about the wisdom of owning your own St. Cloud house—but for a while a couple of years ago, that wasn’t universally agreed upon. There was a while there where financial analysts were pointing to the costs of maintenance, interest on mortgage payments, relatively low rental rates, and a bundle of other factors in an argument against owning your own house.
Those voices have been hard to find of late—the numbers make that case pretty hard to support. More common are the analyses like the one CNBC’s The Oracles published last week. The Oracles are “a mastermind group of the world’s leading entrepreneurs.” They assembled a list of 9 reasons that support their contention that owning your own house is a financially canny decision. Actually, their claim is stronger than that.
They say that real estate is still the best investment you can make today.
Some of the reasons are rooted in common sense—like “People will always need a place to live” (#8) and “You get six-figure tax breaks” (#5).
Reason #1 was a personal endorsement by TV’s Shark Tank judge Barbara Corcoran: “Buying real estate has made me rich!” Having reasoned that she needed a place to live “somewhere anyway,” she wound up parlaying a “few bucks” invested in “an itty-bitty” studio apartment into a 10-room penthouse on Manhattan’s Fifth Avenue.
Other reasons elaborated on the long-term history of financial results, like #4—“Buying is smarter than renting.” Real estate’s relative invulnerability to short-term fluctuations is based on its quality as a tangible, usable asset. That’s why “it’s always a good time to buy real estate”—in fact, “the real wealth is made by buying when everyone else is selling and vice versa.”
A more technical financial view was summarized by the CEO of Douglas Elliman, whose reason #6 was “it doesn’t tie up a lot of cash.” Her point was that “you can put down 10%” and wind up with “a bankable asset, so you can always leverage it.”
Today it doesn’t take a lot of arm-twisting to make a convincing case for the investment advantages for owning your own St. Cloud house—and that’s in addition to the emotional benefits that go with homeownership. It’s part of my job to demonstrate how simply you can turn the abstract notion into reality. Call me!
Providing a superior level of informed, professional real estate services to buyers and sellers throughout Central Minnesota.We have agents specializing in residential, commercial, multifamily, new construction, existing, investment properties, foreclosures/REO, and short sales with offices located in:
My objective is simple; to do for you what I would wish someone in the same position to do for me which means always acting in your best interests in order to achieve the goals that you have set for yourself. I have been in the real estate business for over 20 years and began when I started in the construction of homes. I have built homes from the ground up (pouring footings to setting the last finishing nail) which is a huge benefit for you as I can share that knowledge about home construction with you. I have successfully negotiated hundreds of contracts and fully understand the process as well as every line of a contract that you will be signing your name to. We are the only entity that can work with legally binding contracts w hile not holding a law degree and as such we have very specific fiduciary responsibilities to our clients and I take them very seriously. My goal is to make the process not only informative and educational thereby removing the fear or anxiety that some experience but also to make the process both exciting and fun and I strive for 5 stars in every transaction. The bottom line is if you're not happy, then neither will I be!
St. Cloud neighborhoods are already boasting their traditional pre-Ha
"I moved to the area from Alaska in 2006. Patrick was one of the first people I met. Not only did he help me find my first "starter" house, but he also got me acquainted with the area. His knowledge of the housing market was second to none. He has since sold my "starter" home and found and facilitated the purchase of our dream home. He was also the purchasing agent for some friends of mine who moved here from out of state. They couldn't be happier. I wouldn't hesitate to recommend Patrick to anyone for their real estate needs. 5 stars all the way!Steve T.
Patrick takes the time to make sure he understands your needs and expectations. He also ensures that you are fully informed during the entire process of selling and/or buying your room. His personal devotion to knowing the current housing market, latest trends and having access to several resources- makes him a very valuable source of information, in addition to being an excellent Realtor. I have so much confidence in Patrick that I never hesitate to refer him to family and friends. He has helped my friends sell their homes for thousands over what other realtors told them was even possible. I can't say enough great things about him. When we make our next move, we will be using Patrick Torgrimson- you should too!!Nancy A.