Throughout the last several months, the big topic of discussion has been the DMC (or Destination Medical Center) proposed by Mayo Clinic. The DMC would provide thousands of jobs for the Rochester area and increase tax revenue for not only Rochester, but the entire state of Minnesota. We’ve stood by and watched hopefully, waiting to see whether or not this proposition would materialize into something solid.
We are excited to announce the passage of the Destination Medical Center bill and cannot wait to see the changes that the city of Rochester will go through in the upcoming years. This bill will bring not only incredible job growth within the medical sector but also more opportunities for private investors seeking to expand into Rochester’s entertainment industry, be it restaurants, theaters, shopping, and other options for consumers who are either visiting or living in Rochester.
We have always been confident in Rochester’s real estate market because of the economic stability of our city, but we are now more excited than ever for the growth that is set to occur. In the past several months, we have seen so many of our listings sell with multiple offers at either the asking price or above. Unfortunately, this has resulted in unrepresented buyers “losing” out on the homes that they want to purchase, and we must stress that now, more than ever, is the time to be working with a knowledgeable real estate agent in the sale or purchase or property. We often receive emails that come in from various websites from these unrepresented buyers, sometimes even just a day after a home went on the market, and have to reply, “Sorry, it’s already sold.” Demand is high and buyers and sellers should have an agent by their side, committed and ready to move quickly. We work 24/7 to make sure that our clients are getting the best customer service in a market that is already moving at a fast pace. With the DMC passage, we expect to see incredible growth in real estate and couldn’t be more excited to help the residents of Rochester take advantage of opportunities during this time!