Home Buying in Minnesota>Question Details

Mike Connell, Other/Just Looking in Minnesota

What trends do you see for mid to higher end ($500K - $750K) lake property in the Detroit Lakes area of Minnesota in the next five years?

Asked by Mike Connell, Minnesota Tue Oct 16, 2012

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Mike,

Unfortunately nobody has that crystal ball. Any answer to this question would likely just be an educated guess. There are too many unpredictible factors that play into real estate, too many outliers if you will. If you are considering this purchase as an investment, I would caution you to develop a investment plan based on facts and research that they provide.

If you are thinking of the purchase for personal use, buy the property, enjoy it, and deal with the resale when the time comes. Predicting the future will either lead you down the wrong path, or paralyze you. In the end, you live in a house long before you ever think about selling it, enjoy it first.

Cameron Piper
Coldwell Banker Burnet
licensed MN Real Estate Broker
Web Reference: http://www.CamPiper.com
0 votes Thank Flag Link Fri Oct 19, 2012
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