Passenger's 'Let Her Go" is a song that only caught on years after it was first recorded— ultimately becoming a #1 hit in 22 nations. St. Cloud FM and satellite stations are still playing it::

But you only need the light when it's burning low
Only miss the sun when it starts to snow

It's hard to argue with the way we humans validate those lines. It could easily apply to area homeowners who didn't take advantage of St. Cloud homebuying and refinancing deals when borrowing rates were at sub-basement levels. Past generations often had only dim memories of distant decades' missed "wish I'd taken advantage back then" opportunities—but this turnaround has been so swift that it's much easier to appreciate what was available so recently.

With last week's gloomy pronouncements on the nation's real estate outlook, St. Cloud homeowners would be hard-pressed to find a bright spot. Who, they might wonder, could possibly welcome such dour real estate news?

Believe it or not, there is an answer—one that encompasses a surprisingly large percentage of those who may be expected to buy St. Cloud and other American homes. According to ATTOM Data Solution's research, the homebuying advantage materialized for buyers in 34.2% of home sales in the first quarter—the highest percentage in seven years.

The advantage goes to buyers who are in a position to make cash offers—with the demographic spinner pointing toward the group that best fits that qualification. In many a previous economic pinch, "cash is king" emerged as a mantra fitting all sorts of commercial situations. It's not surprising, then, that this year Redfin reports that "prospective homebuyers who offered all cash were more than four times as likely to win a bidding war as those who didn't in 2021."

And the group most likely to best benefit if current trends continue? Few would argue: the demographics point to 55+ buyers—particularly retirement-minded individuals. They would like to progress to new homes that better accommodate retirement lifestyles but might be reluctant to seek new digs in a seller's market. Once they discover the additional buying clout they acquire through the cash they pocket from the sale of their existing properties, their goals may become more doable than they expected.

In every era, people find ways to buy and sell. Call me to see if your St. Cloud home buying and selling goals are closer to realization than you might think!  

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:

Multiple Office Locations To Serve YOU!

Saint Cloud 320-259-4554

Princeton 320-983-3555

Sartell 320-259-4554

Little Falls 320-259-4554

Minneapolis 763-565-2000

Hutchinson 320-455-9127

Litchfield 320-298-1140

Premier Real Estate specializes in MANY areas around Central MN including Saint Cloud, Waite Park, Rice, Royalton, Sartell, Royalton, Little Falls, Cold Spring, Saint Joseph, Elk River, Monticello, Ramsey, Saint Michael, Andover, Ham Lake, Anoka, Champlin, Buffalo, Glencoe, Brownton, Silver Lake, Kandiyohi, Dassel, Minneapolis, Maple Grove, Saint Louis Park, Saint Paul, Robbinsdale, Crystal, New Hope, Brooklyn Center, Brainerd, Nisswa, Aitkin, Albany, Coon Rapids, Sauk Rapids and more!