8 Recommendations for First Time Home Buyers

Buying your first home is exciting but also a big decision. Check out these recommendations to help prepare you for buying your first home. Set a goal amount for your down payment and track your progress. A healthy down payment is 20% of the purchase price but some first-time home buyer programs accept as little as 3.5% of the purchase price if you meet the eligibility requirements. Set a goal amount and track your savings for a down payment to visually see your progress which will help motivate you. Get your credit in shape Although there are loan programs that… Read More

Total home sales in 2018 came in just short of 2017’s record year

Statewide, the total number of home sales in 2018 came in just short of 2017’s record year for home sales, down 2.2% as announced in the Wisconsin REALTORS® Association’s (WRA) December Home Sales Report. Sellers have had the advantage in most real estate markets across the state due to low supply of homes for sale. The association’s report revealed that it is a strong Sellers’ market for homes selling below $350,000, which had inventory levels of only 2.9 to 4 months of supply last year. Having 6 months of supply indicates a balanced housing market.  Homes priced between $350,000 and under $500,000… Read More

5 Ways to Prepare Your Home This Winter Before Selling

Winter in Wisconsin is well underway but each day, the long nights are gradually getting shorter reminding us that Spring is on its way. For most real estate markets, the spring season is when it starts to get busier with new homes listed and more buyers in the marketplace. The Oconomowoc real estate market is certainly no exception. You may have been thinking about downsizing or capitalizing on the low inventory of homes for sale in Oconomowoc and the surrounding areas. If you’re considering selling your home in 2019, winter is the time to begin preparing your home before it… Read More

Ideal Home Features to have for Hosting Guests

If you love to entertain or often host holiday parties, check out our list of some of the best home features to look for when purchasing or renovating your home. Inviting and Functional Entryway. Since your entryway is the first room of the home guests will see, having it inviting but functional is key. The space should provide a place for guests to hang their coats such as on a coat rack or in a coat closet. Adding a bench is also a nice element for people to set things down on or sit and take off their shoes if needed…. Read More

6 Annual Winter Events in Oconomowoc Worth Attending

The German Christmas Market. Kick off the Christmas season by attending the much-loved event which takes place downtown Oconomowoc during Thanksgiving Weekend. The German Christmas Market celebrates Wisconsin’s hearty German community and promises that no matter if you are German or not, you will feel like you are. Enjoy unique shopping, authentic German cuisine, the indoor bier garten, live polka bands, and fun activities for the kids. You will also have the opportunity to take a picture with Santa. Visiting the German Christmas Market of Oconomowoc is a terrific way to get into the Christmas spirit!   Oconomowoc Kiwanis Christmas Parade. One of… Read More

6 Significant Advantages to Selling a Home During the Winter Season

Last winter between December and February, Wisconsin had the highest number of winter home sales that the state has seen in the last 13 years! (Since the Wisconsin REALTORS® Association recalibrated their data systems in 2005). While the real estate season generally abides by the seasonal temperature changes, heating up in summer and cooling off in winter, the remarkably low inventory of homes on the market has impelled buyers to continue their house hunt through the winter months. Here is a summary of six advantages to selling during winter that Terri Williams points out in a recent article published on Realtor.com®.   1)… Read More

3 Cost Myths Holding First Time Home Buyers Back

Make your dream of owning a home in Oconomowoc or the Lake Country area a reality!  Here is a list of truths behind the most common misconceptions about purchasing a home. In a recent article, Lew Sichelman, a seasoned writer for Inman who has 50 years of experience writing about housing and mortgages, reported that 38% of renters plan to buy a home in the next two years but myths about costs are holding them back. Here is a list of three  common misconceptions about purchasing a home and the truths behind them. Myth #1: You need flawless credit. Truth:… Read More

September Home Sales Report

The number of home sales are down but prices continue to climb as the supply of homes on the market remain sparse. The inventory of homes on the market under $350,000 lingered well below six months of supply, which marks a balanced market. The limited supply of homes for sale has directly impacted the number of home sales. Year-to-date, there were 524 less homes sold in Southeast WI compared to the same period last year. Affordability is slowly declining though as mortgage rates tick upwards, with another rate increase expected this December. In Southeast Wisconsin, the median sales price in… Read More

Home Sales Report August 2018

Wisconsin home sales in the first eight months of 2018 were nearly two percent lower than the same period of 2017 due to weak housing inventories according to the Wisconsin REALTORS® Association’s (WRA) most recent home sales report. Their analysis revealed that during the same period, median home sales prices rose nearly 7 percent; over twice the annual rate of inflation which varied between 2.1 and 2.9 percent this year. Just comparing the month of August to last August, home sales were up over three percent and median home prices increased five percent. Regions with more inventory had stronger home sales… Read More

Fall Reminders For Your Home

INDOOR REMINDERS Vacuum the dryer vent. The cool and dry fall weather increases static electricity which could spark built up lint in the dryer vent and cause a fire. Cleaning out the vents will also help your dryer run more efficiently. Clean the oven. Fall is a great time to run the self-cleaning cycle on your oven. The season allows you to open windows to air out the expected burning smell from caked on food and prepares your oven for upcoming holiday baking. Change direction of ceiling fans. (clockwise) Have heating system inspected. Clean/replace furnace filters. Prepare your fireplace. Clean your… Read More