Real Estate

Real Estate, Seasonality

Is fall a better time to buy?


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This summer has been exceptionally hot in our local Central Wisconsin real estate market, so hot that some buyers have decided not to compete and drop out of the search.

That leads some buyers to ask is fall a better time to buy a home? If you are considering a move, when is the best time to buy?

That question depends on the motivations and desires of the buyer.

For a family that wants to get settled before a school year starts, summer is ideal to relocate before the school year begins. As we all know, with remote learning increasing because of the pandemic, this has broken down that barrier slightly this year – which is not typically.

Traditionally, in a fall market, the summer craziness has died down… and there are less buyers in the market looking for a home. You don’t have to move quite as fast on locking down a good home, you don’t often have as many offers (although well-priced homes may get multiple offers – the number of offers you may be competing with is often less).

To give you an example, in the month of a July, an appropriately-priced home between $150-$200K may receive 3-5 offers within a couple days of hitting the market.

Right now, in October, that same home may get 1-2 GOOD offers in a couple of days or the first week or so. I want to stress GOOD, because they are not bad offers, there are just fewer in number. Homes are still selling and they are still selling for a GOOD price. The number of clients / hype of the summer market in our area doesn’t last through the entire year, maybe the year we don’t get snow from December – March.

As a buyer, these seasonal changes can actually be quite helpful. If you’ve been on the fence for awhile, but are thinking about getting back into the market, now may be your chance! Connect with a Realtor on our team to learn how you can get started on your search. It may be less stressful looking during the fall months when less buyers are considering a move and being able to get settled into a new place before the snow flies!

As a seller, it’s a great time to evaluate your goals for your sale and think through the timing to capture the best audience. Our team is happy to help walk you through our techniques for all seasons. (Plus fall offers some of the best aerial photos – hands down!)

Side note – contrary to popular belief, many homes DO sell during the fall and winter… however, again with less buyers looking, it may take a bit longer than during the summer, but that doesn’t always mean it won’t sell for the price you are asking.

Our team is here to help. Drop us a line and ask a question! Looking forward to hearing from you.

Home Tips, Real Estate

Things to Improve Around Your Home


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Are you scratching your head thinking, “What can I do around my house?”. That’s a great way to use some free time, especially if you have projects ready for you. Or maybe they aren’t even things you’ve thought of before.

Here are a few suggestions that can really improve a space, appeal and overall improve the value / impression when you’re ready to sell. Even if you’re not ready, it’ll be helpful down the road when you are ready.

1.) Freshen up the colors. Have a room that has wallpaper or a dated color? Now would be a great time to update the room with a modern and neutral feel. Painting is relatively inexpensive and can really impact the rooms ambiance.

2.) Modernize the fixtures. Have some older handles, light fixtures or accents in a bathroom or kitchen. Maybe it’s time to update those. Again, this is a relatively inexpensive project to take on, but it makes a big difference!

3.) Clean and Organize. Closets, extra bedrooms, etc. This is a great project to build-in some additional storage shelves that can make your closets organized and tidy. You’ll thank yourself when this is done! If you want to go above and beyond, paint the added built-in shelving too!

4.) Update outlet covers. Are your current light switch covers or outlet covers looking dingy and dirty? It’s something we don’t think about much but cleaning existing ones or buying some new clean plates (only about 15 cents each) can really clean up an area. If the actual switch or outlet is dated, you may need some electrical knowledge to get that part switched out, but for most of us, the plates are a good start.

5.) Basement time. Have you neglected your basement? Especially if it’s unfinished, it’s great to clean it up, maybe refinish the stone with a special paint or clean up the storage. Unfinished spaces that are clean are much more appealing while you’re living there and also, for future buyers when you sell.

6.) Last but not least, landscaping. If you have time to look at your home from the street level, analyze and think through, “What would I think if I saw this house from the road?” Maybe adding a few simple landscaping updates is in order. Or maybe it’s time to trim / cut down some dying trees.

The list could go on and on and on. There are a lot of resources out there, so thank you for reading ours. If you’re considering selling and want to get custom or personal advice on projects to tackle before your sale, give Austin a call at (715) 212-4693, or drop him a note below!

Coldwell Banker Action, Real Estate

Our Priority is Our Clients


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In light of everything going on right now, our team is committed to providing the best service we can to our buyers and sellers. Our priority is our clients. Together we are going through a unique time that we haven’t experienced before and we are committed to getting through it together.

Our team is here to help buyers and sellers reach their goals, while being respectful and aware of the unique health circumstances.

For buyers, we are still able to show homes, submit offers and successfully close on homes. With that being said, we are trying our best to optimize and leverage phone calls and virtual meetings initially to learn about your situation and from there, set-up showings to view homes you’re interested in. If you’d like us to preview a home for you, we’re happy to do that as well.

We are committed to using and leveraging the best technologies to make this time more convenient and also enjoyable for you.

For sellers, we are still able to list homes for sale. Again, it depends on your circumstances and goals. There is still a shortage of inventory on the market, making it a great time to sell. We have an aggressive marketing plan that helps you reach as many buyers as possible online with our professional photography, video tours, Matter Port virtual walkthrough technology and more.

We want to be socially responsible during this time while helping our buyers and sellers on an individual basis reach their buying or selling goals. Again, each situation varies so please reach out to our team if you question or want to connect further? Call or text Austin at (715) 212-4693, or fill out the form below to be in touch.

 

 

Real Estate

Spring 2020 – Market Update


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Hey everybody! It’s Austin Solomon! Coming to you with a quick video update on where the market and things are at.

I hope everyone is staying safe during this time and hanging in there and staying positive during this time. Obviously there is a lot of disarray and things going on and across multiple different industries. Obviously the coronavirus has effected the real estate space quite a bit so we’re doing our best to help people out and also stay safe during this time.

So I just wanted to send a quick video update just to let you guys know what’s happening in the real estate space. So, we’ll just use March as an example, I was doing some research and looking at the data.

In the greater Wausau area, there was about 500 showings the first week of March. In the second week of March, there was about 450 and the third week of March was 350 and then during the last week of March, we had 210 showings.

So, as you can see, the amount of showings has been dropping each week. As we move forward here… and it obviously makes sense. There’s a big push to stay at home and some people are sitting on the sidelines, waiting to see how this all shakes out.

For us as a team, as a company, we’re still able to show houses and conduct business and it really it’s kind of a tough place to be as an agent. We want to stay socially responsible and also, a lot of these buyers we’ve been working with over the last 3-4 months, they’re still looking for houses, still have to be in a place. and they’re still looking.

So really what we’re doing is person by person analyzing what’s the motivation, what’s their circumstance and how can we help them during this time. Anything that we can do and we can shift from being in person and move online, we are. We are doing Zoom meetings and a lot of calls, so we’re limiting the face to face interaction unless we have to.

Really, as a buyer, you could still purchase a house during this time and as a seller, you can still sell. Things are still happening and there are still people that are looking. It’s just kind of an individual comfort level. It depends on each individual circumstance and how can we best work around that.

Just wanted to share this quick market update video. If you guys need anything, let us know. Again, I hope everyone is doing well during this time and staying positive where we can and just thought I’d reach out and check in.

Hope all is well!

Brought to you by Austin Solomon, The Solomon Group, Coldwell Banker Action – (715) 212-4693.