I concur with Michael. Great time to buy in Maple Grove, but make sure your plans are to hold it for 4 to 5 years to really come out on it. By the way, what price range are you looking at?
Good luck with your purchase!
Thanks, Todd Norsted
I think you will get a get deal if you buy right now. You should be able to buy at 2004 prices. If you can stay there for five years you should be fine. The single family homes you will find under 200k in Maple Grove will need a lot of work so a town house might be a wise choice. Good luck on your search.
Michael Doyle Realtor
Regardless of if you are buying a townhome or single family, the rule of thumb for purchase right now is time. That is, time for you to live in the property to outlast the current market. I advise my buyers to take a look at their situation, and assess if they can stay in the property for at least 3 years. That is a minimum in terms of the turnaround of the current market and enough appreciation to build for you to sell and move on with equity.