Tips for Homebuyers to Win a Bidding War in a Hot Housing Market

If you’re ready to find homes for sale in Oconomowoc or the Lake Country area, raise your chances of getting the home that you really want by following these tips. It has been a competitive housing market for homes in the Oconomowoc Area priced below $350,000 due to low inventory. These tips can help you win a bidding war on a great home in a hot housing market.   Get pre-approved for a loan and obtain a pre-approval letter. Once you are pre-approved for a loan, request a pre-approval letter from your lender. This letter can accompany your offer to… Read More

10 things to do this Spring in Oconomowoc

Spring is a beautiful time in Oconomowoc! Being both a Tree City and Bird City, Oconomowoc offers plenty of opportunities to see and hear the signs of Spring. The season is the perfect time of year to get out of the house and enjoy the natural beauty and fun happenings that take place this time of year. Check out our list of 10 things to do this Spring in Oconomowoc. Please make sure to visit the corresponding business or organizations’ websites that are hosting an event to confirm and view event details. – Bike or Hike the Lake Country Recreational… Read More

February 2019 Home Sales Report

Despite the frigid weather we had in February, home sales in Wisconsin surpassed last February’s sales record. The real estate market generally follows a seasonal pattern with the market picking up in Spring. As you can see from the home sales chart below, the busy real estate season is upon us. Homes sales for the first two months of the year were still off nearly 3.5% statewide, compared to the respective months last year, as reported in the Wisconsin REALTORS® Association’s most recent home sales report. More real estate listings in Oconomowoc and the surrounding area have been popping up… Read More

4 Noteworthy reasons to sell your home in 2019

Demand for homes in Oconomowoc and the Lake Country area have been in high demand. Since 2017, it has been a strong Seller’s market due to high demand for housing and limited supply. It is still a Seller’s market, but not the red-hot Seller’s market you saw over the last couple years. If you’re thinking about selling, it may be better to do so sooner than later before the housing market shifts more in Buyer’s favor. Housing inventory is still low. The number of homes for sale have been limited in most markets for some time now, enabling a strong… Read More

Housing Supply Stalls as Strong Demand Remains

Home sales in January are off nearly 9% in Wisconsin compared to last January’s strong start to 2018, as reported in the most recent Home Sales Report released by the Wisconsin REALTORS® Association (WRA). It has been slim pickings for home buyers as housing inventories remain tight, especially for homes priced under $300,000 due to high demand. Housing inventory in Wisconsin stalled at just 3.5 months of supply, well below 6 months of supply which marks a balanced market. The limited housing supply has not only suppressed the number of home sales but has propelled housing prices. The median home… Read More

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