Purchase a Home

Understanding & Adapting to Today’s Homebuying Market

The homebuying experience today doesn’t look like it did when your parents bought their home. Old rules of thumb and advice often don’t apply in the kind of high-demand seller’s market we have seen the last few years, which is changing the rules of homebuying.

That doesn’t mean it’s a bad time to buy. Even with rising rates, mortgages are still very affordable by historical standards. Buyers simply need to get creative and take steps to increase their likelihood of finding the right home, be ready to move fast, and make their offers as attractive as possible.

Buying a home is one of the biggest decisions a person will make in life. As markets change and new practices become standard, many may need to adapt their plans. Having an experienced team on your side can make all the difference when navigating new approaches. Talk to an Alerus loan officer about how we can help you come out on top in the search for your dream home.