Dear Buyers and friends of Buyers,
I am keeping buyers that I am
working with up to date with the ever so changing market. As the market
continues to change weekly the question is asked are homes not only for sale but
this time of years are there Homes on Sale.
The answer is yes. If you want the best
possible deal on a home, this time of year is the best. Sellers do not like carrying
cost during the winter; taxes are due, WE energy cost go up and if it has been
on the market for a number of months there is always the question when will it
sell. I have found the sellers are more flexible with pricing during an offer
the month of December. January usual starts our spring market and with will
bring more buyers and hopefully more listings.
While home sales continue to increase( October sales of
existing homes in the 4-county Metropolitan Milwaukee housing market were up
32.8% compared to the same time in 2011), the lack of listings in most areas continue to
make it challenging for buyers. I know its hard to believe, but buyers are
experiencing not only a competitive market, but limited inventory and with
still some challenges in financing. Even though the REO/foreclosure market is
staying strong and expected to increase, buyers are unable to purchase
most REO homes with conventional or FHA financing and minimal amount down.
If you are a serious buyer in today's market, I
would encourage you to not only to actively look at homes, but when you
find the right home, act quickly. Multiple offers are becoming not unusual in
today's market. In a multiple offer situation you are now competing with other
buyers and loose negotiating power. The spring market is just around the
corner, with the lack of inventory we are forecasting prices increases and
even more buyers. Interest rates are great and as of now look to be
holding. Historically, there has always been a after election increase in Real
Estate sales as well as increase of interest.
As I have continued to say "Beat the curve; be in control".
Let me know what I can do to help you with your search. Call or email me any
time with question or homes you would like to look at.
Thank you and please free to pass this on to anyone you know that might be looking to purchase.
Thank you and please free to pass this on to anyone you know that might be looking to purchase.
