First Weber Group REALTORS®: Wisconsin Real Estate

Real estate companies track progress year to year by the number of sales and transaction sides.  For a long time now, things have been tough. But not every state and not every market.  Of the Milwaukee regions 14 offices, five of the offices are having better years than they did last year - more sales, more sides, more success than last year.  That is encouraging news and something to be proud of. So congratulations to the Johnson Creek, Muskego, West Bend, Fon du Lac and racine offices of First Weber.

If you are looking to buy in those areas, business is looking good! 

Ideas and commentary on this RIS media article.

The last 5 years home prices had been run up and demand was high. The recent market turn corrected these prices and the next 5 years will likely be rebound years to decent appreciation. Plus, right now selection is great. Prices are right.

Mortgage rates are low. They will not stay this low forever. Talk to your lender and REALTOR to get going now. Perhaps your home will sell for less than it would have 5 years ago, but you can also get lots more for your money in the new home too. If you need to move up to a bigger home, you can get more home, more affordably NOW. If you have the luxury of not having to sell your current home, jump in and be happy with the timing of your purchase.

Real estate is always cyclical. Prices will rise.

Are you ready to go?

Wisconsin has taken a real beating these last few days with incredible rainfalls. Beautiful trees forever damaged or destroyed, homes damaged and flooded but remarkable few injuries which is truly the most important thing. We hope for the best for homeowners in Wisconsin with serious water problems as a result of these storms.

Lots of people and towns have had it bad. But nothing is as bad as the situation for Lake Delton property owners.  Just south of the Dells, Lake Delton is a popular vacation spot, really an extension of the Dells, with lakefront homes and many resorts.  Yesterday, the rain swollen lake overflowed it banks, took out a section of county highway and washed 4 homes into the nearby Wisconsin River. It does appear people had been evacuated from the area so no one was hurt. 

Incredibly, the lake has now drained and the imminent flood damage is replaced by something worse -the loss of resort income and home values if the lake cannot be restored over time could be severe.  Has anyone ever heard of something like this happening before?

Plans are being talked about for the restoration of the man made lake, restoring the lake property values eventually.  But that won't happen this summer and severe erosion may hinder rebuilding for some. 

Do you have a storm story to share?

A recent focus group hed by the WRA involving Wisconsin real estate brokers revealed some trends.

A few are listed below.

The brokers involved, one being First Weber, stated they saw consumers feeling they needed professional assistance more in this market. For Sale By Owners are down, the desire for full service is up.

Would you agree with that statement?

Also, brokers noted most buyers there days use a buyer's agent. My feeling is why not? There is nothing to lose and everything to gain by going this route.

Do you have a buyer's agent helping you buy a home? Need to know more about Buyer's agency?