Right now is a great time to find your new home, cabin, or recreational property in Northwestern Wisconsin. It's looking a little more like winter and many buyers have decided to sit on the sidelines until spring. An even smarter strategy, though, is to get serious about your search right now.
Here’s why: If you’re planning to wait until spring before beginning or resuming your search, remember that a lot of other buyers are doing the same. Sellers are very aware of this, and some have resigned themselves to not seeing much more activity until April. But once April arrives, they’ll be confident that more buyers will turn up in the months to follow. Home prices might even start a little higher and they’ll be less willing to negotiate on price.
Instead, if you find the place you’re looking for now and put in an offer, you’ll be in an excellent negotiating position. Many sellers are eager to sell now so they can move on; your negotiating power is even better. And if you’re considering a cabin or recreational property that wouldn’t see much use in the winter and early spring, some sellers will be glad to no longer be carrying those costs.
Plus, there’s no guarantee that interest rates will remain at these historic lows on into next summer. They may, or they may not. Chances are slim, however, that they’ll ever be significantly lower. That’s one more reason now is a great time to buy. For example, a sales price of $200,000 with 20% down payment, at 4.5% interest rate, the monthly payment is $811. Interest rate of 5.5%, the monthly payment is $909. Looking at 7% interest rate, the monthly payment is $1064. Buying now means a savings of $253 per month!
This time of year, even Mother Nature is making it easier to find your new home, cabin, or recreational property. The leaves have fallen, and suddenly it’s literally much easier to see what’s out there. As recently as a couple weeks ago, you might have driven down many Northern Wisconsin back roads without being able to see any of the lake homes or cabins you were driving past—or even, for that matter, the lake itself. Now you can.
But if you’re curious about properties you’ve seen online, I’d be glad to help you get a closer look. To see my listings, go to www.JeanHedren.com. You'll find links to counties and communities, or you can search by a specific lake. (I’ll also be glad to show you any properties in Northwestern Wisconsin.) Check out the YouTube link below to see my property video tours.
There’s no better time than right now to find your new home, cabin, or recreational property in Northwestern Wisconsin. There are still many great values on the market and now is an excellent time to come take a look around.
Again, to see my listings, go to www.JeanHedren.com.
