Are You Afraid Of the Grass Being Greener On The Other Side?

November 20, 2008

“But what if mortgage rates drop next month…”, “I’d hate to pay too much for a home”, “I want to buy at the absolute bottom of the market…not a penny more!” “What if I buy now and then price go down again – I’ll be upside down within a few months!”

It’s human nature to want the best deal – the nicest house for your money – the lowest possible interest rate. But while caution may be good in choosing which stocks have good investment potential, many people lose sight of the fact that the primary reason for buying a home is to provide shelter for you and your family. Yes, I know that many have speculated in real estate over the last few years and cashed in on the escalating home prices. But those days are not these days.

Today your main motivation should be to find the best fit for your budget and your family. Does it really matter whether you pay 5% or 4% for a mortgage if you find a home that fits nicely into your conservative financial plan? Isn’t it more important to have a space for your daughter to practice the piano away from the noisy den than to have a cheap house with a floor plan that’s all wrong? Or wouldn’t you enjoy a beautiful shade tree in the back yard where you can hang a hammock more than a great deal on a home right next to a busy road?

Yes, there will be buyers who will buy at the lowest prices of the century and get a low mortgage too. But will they have the luxury of picking out a home that fits their needs, that nurtures their soul? Will they find a home that makes them go “Aaaaaah!” at the end of the day as they walk through the front door? Or will they merely use the space as a functional place to lay their head.

If you look to what makes a house a home, you’ll find that the grass is just as green, if not greener in a home chosen for love rather than money!

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Local Information for Edina, MN

Latitude: 44.895664 -- Longitude: -93.354675

Other Area Cities: Coon Rapids Brooklyn Park Edina Richfield Fridley Robbinsdale Saint Anthony Brooklyn Center New Brighton Shakopee Wayzata Eden Prairie Golden Valley Minneapolis New Hope Saint Louis Park

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Edina is a first-ring suburb situated immediately southwest of Minneapolis in Hennepin County, Minnesota, USA. Edina began as a small farming and milling community in the 1860s, consisting of mostly Scottish and Irish immigrants, and today has grown to a full service metropolitan community. Today, the only remnants of the farms that once stretched across the city can be seen in some street names, which were named after the families who operated them and sold or donated their land for residential development. -- Source: Wikipedia.com

Minnesota 2000 Census Population Profile Map

	Edina	Minnesota	United States
Population	47,425	4,919,479	281,421,906
Median age	44.5	35.4	35.3
Median age for Male	42.3	34.4	34
Median age for Female	46.4	36.3	36.5
Households	20,996	1,895,127	105,480,101
Household population	47,135	4,783,596	273,643,273
Average household size	2.24	2.52	2.59
Families	12,878	1,255,141	71,787,347
Average family size	2.91	3.09	3.14
Housing units	21,669	2,065,946	115,904,641
Occupied units	20,996	1,895,127	105,480,101
Vacant units	673	170,819	10,424,540

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