Below is some very current data that will tell you how this Eau Claire market is trending. Homes are selling relatively quickly and many new realtors have entered the market - trying to get in on the ride. For a free market analysis and professional advice from a veteran call, email or text today.
List Price Range - $100-150K $150-200K
1/1/13 - 4/1/13
# Closed 56 29
Avg D.O.M. 117 137
Sold Above List 21 5
Sold < 14 Days 15 5
1/1/14 - 4/1/14 # Closed 46 24
Avg D.O.M. 70 105
Sold Above List 13 8
Sold < 14 Days 13 7... more
Prices have leveled off and demand is very brisk. Rent is very high. For an exact analysis to fit your situation email me directly your home description and location and I will send you a current CMA report. Charlie Tiffany firstname.lastname@example.org... more
The top selling realtor at this time is Aaron Tiry, hower if you are looking for a company that has overall the top producing agents overall please feel free to contact Remax Affiliates, we would be happy to help with any real estate questions or concerns you may have.... more
Thank you so much for all of this good advice-this has been our instinct since the offer was made. The contingencies are standard financing contingency as well as a contingency to sell their home- a lot of ifs and variables over which we have no control.... more
Wiland; Please consider talking to your original lender about refinancing options. Also, is your HELOC through the original lender on your first home? That may be a good bargaining point, and actually you may consider asking to take on the debt for the short as part of your HELOC payment. This is an unsecured loan option and is a risk for the lender, but one that they are more and more likely to accept as it means in the long run they are NOT short the money for the home sale.
It sounds like you could actually use a good session with your lender, which is free, to discuss the options you have available to you BEFORE your original mortgage goes into distress. Maybe they can adjust your payments to something you can manage until it sells, maybe they can consolidate. Take the time and make that appointment; it will be better for your credit score in the end.