Greg Miller/ Warsaw & Syracuse, In. Home Mortgage Lending -Conventional, FHA,USDA

Real estate market in Kosciusko county for the month of March continued to lag behind the previous year.

The greatest encouraging sign of improvement in our market is the number of current homes under contract through our Multiple Listing Service, is up to 115 and active listings are down to 942.

Here are the statistics for sold residential homes for March 2009 as posted in the Kosciusko county MLS.

March : 2009 vs. 2008

# of sold Homes - 46 - 67

Average sale price - $127,425 - $122,630

Median sale price - $80,250 - $109,000

Days on Market - 138 - 128

Home activity is picking up significantly for several reasons

The Weather, First Time Home Buyers Tax Credit, Lenders are loosing credit markets, Rates at historic lows.

Homes are selling is they are priced correctly. If you are considering the sale of your home , we can assist you with a market analysis to determine your homes optimum value.

We can be contacted at Greg@wawaseerealestate.com Sharon@wawaseerealestate.com

What a great time Sharon & I had at the Milford elementary school Spring music program "Rock-in the Decades. As the kids sang and danced us through each decade of music from the 60's up through the 90's.

Kudos to the Milford staff and music dept. for a job well done in teaching and leader the children. We always look forward to coming and watching our grand daughter Kiana Peete and her classmates perform,because we have come to learn that a great entertaining time will be had.Can't wait till next years Christmas program.                                                                                        

The North Webster Elementary schools 4th grade boys basketball team wrapped up an undefeated season thursday afternoon with a hard fought victory over the Syracuse boys team.

It was such a team effort as they showed that teamwork really does payoff. I have thoroughly enjoyed watching this team play this year. I look forward to watching their progression in the years ahead.

Congratulations on a great season. Job well done. Extra kudoo's to my grandson Rylan Kuhn

Photos provided by Greg Miller

2009 Home & Garden Show

Sponsored by the Kosciuko County Home Builders Association
March 20 - 22

YMCA Raquet Center
3919 N S.R. 15
Warsaw

Fri. 1 pm - 8 pm
Sat. 10 am - 8 pm
Sun. 1 pm - 5 pm

It's time again for the annual Home & Garden Show

Come get new Ideas for the Home, Lanscaping Advice
Cabinets, Floor coverings,Pools and spas
Over 140 Vendor Booths
Stop by Booth 202 just inside the main entrance
Thats where you will find our Century21 Integrity Group Display

Would you like to sell your home, but you have been hearing all the negatives out there about low prices?

" I'm not about to give up all my hard earned equity and give it away" you say.

I say, "you need to consider the home you would buy if your home sold, before deciding whether to sell or not." If your home were to sell, you are probably going to buy another one. Your new home will fall into one of three categories. If you fall into scenario 2 or 3 below, take the plunge and list your home.

"Two out of three ain't bad" as the song goes. Let's take a look at the three possible scenario's.

• First : You want to downsize into a less expensive home. This would be the one instance that you do not want to sell at this time. Say your current home is a large home that just a couple of years ago was worth around $300,000, but you know home prices in your local market are down around 15%. So you would have to offer it at $255,000 to get it sold. If you were going to buy a smaller $150,000 home, you would be able to purchase one for $127,500 which is 15% off those same peak prices. So the net difference to you would be a hit of $22,500 to down size at this time.

• Second : You just want a different home, but as far as price goes it would be of the same value. You will have to discount your home by 15% to get it sold but at the same time you are going to buy your next home at that same 15% discount. If it is not, use your walk away power until you find one that is. So by moving laterally to a home of the same value, it has no positive or negative effect on your money. But I would add that you more than likely are going to get a more desirable mortgage than what you have now. So you might be much better off to sell and then buy a similar priced home. And you know you have just been wanting a new home!

• Third : You want to step up to a nicer, more expensive home. This is the absolute smartest most beneficial time for anyone even thinking about this to pull the trigger. You will be just the reverse of the first scenario. When home prices come back, you will have that extra $22,500 of equity.The larger the upgrade, the larger the equity gained.

So give serious consideration to your next home. It could be the perfect time to sell your home, even if it took a price reduction to accomplish, you might still be ahead of the game.

For a Free market analysis of your home, contact us at Sharon & Greg