Strategies for negotiating the best offer for the sale of your home.

In the current local real estate market, sellers often have the upper hand when it comes to negotiating. Here are some strategies for negotiating the best offer for the sale of your home. Secondary Offers. As a seller, you can accept secondary offers that act as a backup, if the first offer (primary) falls through. Even better, you can accept several secondary offers and then choose the best one if the need arises. Countering other offers for the secondary position is a good strategy to secure a closing and get the best price. Employing an experienced and well-educated REALTOR®, can… Read More

Record high for the month of July

Home sales last month hit a new record for the month of July. Sales were up 7.6% compared to the previous record set in July 2019, according to the Wisconsin REALTORS® Association’s (WRA) latest home sales report. Median home prices increased over 10% in July, compared to the respective month last year. On an annual basis, home prices in Wisconsin have been appreciating quickly. Luckily for buyers, record low mortgage rates have helped offset the high home sale prices. Last month, the 30-year fixed mortgage rate was 3.02%, compared to 3.77% just a year ago. Homes and condos are selling… Read More

15 Ways to write the winning offer and score the house you love

Resilient demand for houses in Waukesha County, especially priced below $350,000, has created a tough environment for buyers in 2020. With demand outweighing the available supply of homes, multiple offers on properties has become common. To help your offer stand out from the crowd, below are some things to consider. Since all situations are different, the strategies you employ will be determined by the level of competition, the type and condition of the property, your level of motivation, and other factors. Write a personal letter. Composing a personalized letter to the seller is your chance to make yourself memorable, explain… Read More

May home sales plunge in wake of the national emergency and stay at home order.

The Wisconsin REALTORS® Association (WRA) announced that statewide home sales in May plunged nearly 26% compared to last May, in wake of the national emergency and stay at home order in Wisconsin. The local real estate market was on track to have a strong spring season, but as you can see in the graph below, home sales in April and May were significantly lower compared to the same months last year. Taking a glance at the first five months of the year compared to the respective time period last year, WI home sales were behind by 5.5% but prices surged… Read More

4 Recommendations for Sellers in This Unusual Market.

You may have placed your plans to sell on hold, due to the COVID-19 pandemic. The local real estate market remains highly favorable for sellers, as pent up buyer demand remains intact, despite officially entering a recession. There is still time for you to make a profitable home sale this year, but there are some details to consider in order to keep your household and the public safe. Continue reading for some recommendations on how to have a successful sale in this unusual market. 1. Decide how you want to handle showings of your home. One route to take is… Read More

The Shrink in Supply of Homes for Sale Has Caused Home Prices to Rise Quickly.

The supply of homes for sale in Wisconsin decreased substantially over the last month, which is continuing to push up home prices. According to the latest home sales report from the Wisconsin REALTORS® Association (WRA), comparing last month to April 2019: New listings in the state plummeted over 38%. Total home sales decreased nearly 7%. April’s drop in home sales can be attributed to the COVID-19 pandemic, as the general public shifted their priorities, and policy makers locked down the economy to control the virus. In Waukesha County, the number of home sales increased slightly from the month of March… Read More

9 Ways to Enjoy the Warm Weather in the Oconomowoc Area

What better way to reduce stress than to spend some quality time outside? The Oconomowoc and entire Lake Country area offers plenty of opportunities to embrace the warm weather outdoors. It’s no wonder the Oconomowoc Area has been a popular summer destination for decades. The local community is full of local gems to discover. Here is a list of recommendations to enjoy the warm weather. Disclosure: This post contains external links that will take you away from our website. See our External Links Policy for more information. 1. Have a Picnic at Fowler Lake Park. Enjoy the charming lakefront park,… Read More

Future Home Buyers Will Likely Prioritize These Home Features, Because of Quarantine.

Being in quarantine and spending more time at home may have brought to light the features of your house you appreciate, and the qualities you wish it had. If you are planning to move this year, here are a few areas around the house to look for in your next home. Sufficient Storage. If you stocked up on groceries and other essential items, like toilet paper, you may have realized that your current home lacks adequate storage space. Home features, such as a large pantry, ample cabinets, and generous sized closets can come in handy for your stockpile needs. Upgraded… Read More

7 Ways to Celebrate Mother’s Day During the Stay at Home Order.

Make the best of Mother’s Day while in quarantine. Here are some special ways to show love and help her enjoy her day. Schedule a virtual party or happy hour with the whole family. Plan a time to “get together” virtually and have a video chat with the whole family.   Send her an at home spa kit. Create your own spa gift box to send, complete with items such as bubble bath, candles, cozy socks, facial masks, lotion, a bottle of wine or bag of gourmet coffee.   Create a virtual photo slide show. Upload family photos and create… Read More

The Spring Real Estate Market and Covid-19

Solid first quarter of the year. The real estate market in Wisconsin had a solid first quarter of the year. Compared to Q1 in 2019, statewide: Home sales were up over 6.5%. Prices were up over 9%. The graphs below give insight to how the local real estate market performed. March Housing Stats. March racked up some impressive housing stats. Compared to the respective month last year, statewide: Home sales were up nearly 8%. Median prices were up over 12% to $207,500. Thanks to the severe shortage of homes for sale, last month was the first time the median home… Read More