How much can you afford? What would fit in your budget? I like to answer the question in the other direction too many people bought a home by what the lender told them they could "afford" and have since lost their house. Based on your income numbers it will be tough to find much in the Waukesha area. If you want to figure it out together contact me. Credit score is fine.... more
It all depends. There are many variables. First of all, there is the question of how much the seller owes. I have learned to explain to my buyers that you have to consider how long the seller has owned the property, how much the seller owes, how much commissions will be ...these questions help them understand the other side of the coin. There is also the consideration of the condition of the property. Has it been updated? How much work is necessary to make the property updated etc.
I have spent a lot of time in Waukesha and, if you let me know which properties you are interested in, I would be glad to help you understand the difference between asking and selling price. There are too many variable to be able to come up with just one answer. We are seeing that the market is turning around. Properties are not sitting like they were and buyers are much more knowledgeable than they used to be. All of this works together to get properties sold.
If you want more answers or have more questions, don't hesitate to contact me.
Coldwell Banker Residential Brokerage
According to the Multiple Listing Serviceâ€™s Monthly Report for the 4-county Milwaukee Metropolitan area, the month of June showed some promise but still had its challenges. Â Â Locally, the
Here are some stats on Wisconsin home sales in the first quarter of 2010.
(See the link to my blog for more information and links to where I got my statistics from)
Sales are up 16.8% in the First Quarter of 2010 VS 2009
Wisconsin is outperforming the Nationwide in terms of median sales price. Wisconsin is up .1% whereas Nationwide is down .7%
Waukesha County Rose both in number of sales from last year by 3.4% and in average sales price by 2.2%
These statistic all bode well for our market. It shows that prices have held, sales have increased despite the dip nationwide. This is despite the fact that there are a large amount of foreclosure sales in the market.
Federal tax credits and low-interest rates helped fuel the increases, especially in the starter home category. The big questions are:
How will the market respond after the tax credits expire?
Will movement in the lower end start helping the mid range sales activity?
How quickly could interest rate increases cut into the positive growth we have seen?
Regardless of the questions out there, this is positive news regarding the stability of our market and we should be encouraged that we are coming out of the bottom.... more
There are currenlty 649 properties on the market with an average list price of $245,710 and on the market an average of 128 days. Tweenty four properties have accepted offers with an average list price
The sold activity for Waukesha is down 42.9% compared to 2008 results.Â There were 32 closings in Febuary with an average sold price of $239,096 and a list to sales ratio of 96.26%.Â The average