WHAT DOES ALL THIS CHATTER ABOUT LOW INVENTORY MEAN?
NORTHEAST WISCONSIN MARKET UPDATE –WHAT DOES ALL THIS CHATTER ABOUT LOW INVENTORY MEAN? Video Here: Northeast Wisconsin Housing Market Update - March 28 I needed to simplify market updates and the first reality that everyone needs to understand is how big the housing crisis is right now for available homes. I ran data recently on our local MLS for 3 main areas that we serve. I pulled off any homes that were on the market for double the average “days on market.” (These are homes that have been sitting on the market without offers for some reason or another. That number is less than 10 per community, but there are some.) Available homes = homes with no active offer on the market for less than 70 days 🏡Oshkosh Wisconsin – 16 available homes, median list price $294,900 (prices range from $58K to $1.4 million) 🏡Neenah, Wisconsin – 18 available homes, median list price $372,400 (prices range from $80K to $2.3 million) 🏡Appleton, Wisconsin – 21 available homes, median list price $315,000 (prices range from $60K to $770K) We need listings to meet the demands of buyers. Interest rates went up again last week--- locally we are hovering near 4.5% for a 30-year fixed mortgage. That’s up from 3% at the end of December. That will push buyers to move now also. More buyers, less homes, means crazy market bidding and list price escalation. If you have been thinking about buying OR selling and need help sorting out if it makes sense, we do have options and suggestions. Don’t go it alone and sit and wonder. Talking to a real estate agent and then a lender, doesn’t cost anything and it could give you piece of mind! Follow us on Facebook and Instagram: https://www.facebook.com/joinfreedomteam https://www.facebook.com/valeriecohn.gehrke/ https://www.facebook.com/kyle.meyer.965 https://www.facebook.com/lauren.nobbe.3 https://www.instagram.com/joinfreedom... https://www.instagram.com/vcohngehrke/
Read MoreHow to prepare your house for sale and our free Home Selling Tips Checklist
Are you thinking of selling your home? There are several simple things that you can do to maximize your home sale to prepare your home to sell quickly and for the most money. When we are walking through houses one of the most common things that we see is clutter. This is also one of the easiest fixes. If you're planning on selling, you're going to eventually be packing up your things to move, so why not pack them now and set your home up for a successful sale? This could be knick-knacks, framed photos, clothes that aren't being used---anything that you can pack away until the move is complete. You may want to rent a storage unit until you've moved in. When you have your realtor take photos for online pictures, clutter stands out and is a major deterrent to buyers that are seeing your home mostly online for the first impression. Another thing to do is determine if there are any fixtures or appliances that will not stay. This could be light fixtures, appliances, tv wall mounts, or anything else that is attached to the house that you plan on keeping. If so, remove or replace those items now and make sure that you disclose any that may not be in good working order. You could also make any minor home repairs that your home needs. This could be adding a fresh coat of paint (using a neutral color)or replacing broken faucets. Fix damaged flooring or patch up any holes in the wall. Look for electrical outlet and switch plate covers. Touch up with paint where necessary. Also remember that most buyers will come through your front entrance, so anything that you can do to spruce that up add curb appeal make your entrance look inviting is helpful. Lastly, CLEAN. Buyers notice when a seller chooses not to do a deep cleaning. If you don't enjoy cleaning, this may mean hiring that out just before you're ready to list your home, and then maintaining that through showings. And remember you're moving on so you will have to do some packing and cleaning anyway. If you take the time to do it right before you put your home on the market, your home will sell more quickly and for more money. Checkout Lauren’s VIDEO as she walks through these tips: How to prepare your house for sale & a Home Selling Tips Checklist Also feel free to print out our helpful HOME SELLING TIPS CHECKLIST. Freedom Team Real Estate Agents serving Appleton, Neenah, Oshkosh, Fond du lac and surrounding areas in Wisconsin. Check us out at www.joinfreedomteam.com or by calling us at 920-410-7230 today.
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