Why Buy Now (Spring 2011)

April 18, 2011 at 07:22 AM

If you are currently considering whether or not now is the right time to buy a home, you are in luck. You have probably heard the term “buyer’s market.” A buyer’s market means market conditions favor buyers as opposed to sellers. This could not be any more true as we head in to spring 2011.

Southeastern Wisconsin is saturated with properties with a tremendous range in price. Properties are currently listed by sellers for a variety of reasons which may include, but are not limited to, relocation, financial hardship, divorce, and other changes in familial status. Sellers in these situations don’t necessarily want to sell, but have to sell. Because these sellers have to sell, and because there are so many properties on the market in which they must compete against, prices have fallen.

In addition to a high volume of properties on the market, interest rates remain at record lows. Over the span of your loan, these record low rates can save you tens of thousands of dollars; not to mention keep your monthly payments down.

As a buyer’s agent, I am very excited about the possibilities that are out there. The wide selection of properties and low prices increase the likelihood of finding exactly what my buyers are looking for. In many instances, I am able to find properties that even exceed expectations.
 

I want to remind you that as a Realtor, I do not receive any upfront payment for my services. I am only paid after a successful closing. Why do I mention this? Because if you are looking to buy a home, I want to help you find exactly what you are looking for. I want to help you find the right location, the right size, the right style, and of course, the right price. If you might be in the market for a new home, or are even curious about what is available, I encourage you to call me and tell me how I can help you.
 

If you would like to learn more about homes in Southeastern Wisconsin, or are looking to purchase a property, call me at 414-418-2119. I look forward to working with you!
 

Brian A. Peters, M.B.A., M.S.A.

Shorewest Realtors

414-418-2119

Brian.Shorewest.com

Posted by:  Brian Peters

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Buyers Market. Maybe, Maybe Not?

September 25, 2009 at 04:16 PM

Is it really a buyer’s market? I don’t think so. I mean, all the signs, technical and logical, point to a buyer’s market. The indicators are there. Inventory is up, supply outweighs demand, but does it really? Buyers now have an overwhelming amount of choices and decisions to make. The fear of making a bad decision has them making no decision at all. Homes that are “no-brainer’s” are flying off the shelves at a record pace.

So what makes a home a “no-brainer”? It’s simple. A home that has very few or no objections. Buyers are not coming through a house to buy that house. They are coming through a house to merely check it off their list. If you have put up with, say, having to walk through a bedroom to get to the only bathroom in the house, that doesn’t mean a new buyer is just going to overlook it.

Homes that leave no room for protest are gone, often before they even come on the market. And if you don’t think that’s going on, I personally know of at least 2 homes in just the last week that have sold without even being listed on the open market. Really.

My fellow agents and I are constantly making calls to neighborhoods where a buyer lost out or where the buyer wants to be, because they are not finding what they want on the market. Most homeowners find this hard to believe- I wish they could follow some of us around for a day. Many of my seller clients do get to see first hand what buyers are looking at in addition to their house. It’s the easiest way for me to show my clients how important it is to be one of the best, if not the best home out there.

Ask any buyer who has had to compete for a house in the last 6 months how they like this buyer’s market! They’ll probably look at you like you’re crazy. Between overpriced homes with unrealistic sellers, foreclosures, short sales, fixer-uppers and markets that are still declining somewhat, this buyer’s market is taking it’s toll on potential homeowners! Call it a buyer’s market if you want, after all, it IS a great time to buy. Great rates, tax credit, low prices, it’s all good. Just remember, everybody wants the best house, for the best price, right away. If you want it, be prepared to get serious and put your best foot forward.

Posted by:Lisa Tremaine

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