Is Your Greater Milwaukee Home Defective?

There are many great Metro area homes for sale. Click here to perform full home search, or if you're thinking of selling your home, click here to contact us for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call us at (262) 797-6453 or (262) 798-1162 for a FREE home buying or selling consultation to answer any of your real estate questions.

Today, I cover what is considered a defect in a property home inspection. Home inspections often take buyers and sellers by surprise, so knowing this information will help you prepare for the process!

According to the WB-11 Residential Offer to Purchase, a defect is a condition that would have a significant adverse effect on the value of the property; that would significantly impair the health, safety, or future occupants of the property; or that if not repaired, removed, or replaced, would significantly shorten or adversely affect the normal life of the premises. Here are some examples:

• Plumbing: This includes leaks and code violations.
• Electrical: If too much power is put to one circuit or if there is illegal wiring, etc.
• Furnace: If you have a crack in the heat exchanger.
• Basement: Cracks in walls or seepage would qualify as defects.
• Roof: Missing shingles is a common defect.

What items are not considered defects? Here are a few examples:

• Cosmetic: Peeling paint, for instance.
• Old systems: Older furnaces, water heaters, and other appliances aren't defects if they're still functional.
• Old roof: The life expectancy of many roofs are 25-30 years, or more in some cases.

Defects that show up on a property inspection need to be disclosed to any other purchaser who might be interested in your home. If you have any questions about the inspection process, or if you need real estate assistance of any kind, give me a call or shoot me an email. I would love to give you a hand!

What You Should Know About Greater Milwaukee Real Estate

There are many great Metro area homes for sale. Click here to perform full home search, or if you're thinking of selling your home, click here to contact us for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call us at (262) 797-6453 or (262) 798-1162 for a FREE home buying or selling consultation to answer any of your real estate questions.

Today I'll be updating you on what's happening in our Greater Milwaukee real estate market as we head into the summer of 2015. My goal is that you take this information and use it to your own advantage when you're buying or selling real estate. 

• Home sales have risen 13.5% over last year, and in Waukesha County, sales were up by nearly 20%.
• Sales in Ozaukee County rose by 22%, and Washington County sales increased by 13%.
• Average sales prices are also rising, and this is partly due to less foreclosure sales in our market
• Homes have appreciated anywhere from 1-4%, depending on the neighborhood that you live in

Overall, now is a great time to be buying or selling in this market. Buyer demand is peaking, and affordability is also very high, so both buyer and sellers have incentives to get into this market. If you need assistance when you're buying or selling this year, please don't hesitate to contact me. I'd be more than happy to help you.

Why Should You Consider Selling Now?

There are many great Metro area homes for sale. Click here to perform full home search, or if you're thinking of selling your home, click here to contact us for a FREE Home Price Evaluation so you know what buyers will pay for your home in today's market. You may also call us at (262) 797-6453 or (262) 798-1162 for a FREE home buying or selling consultation to answer any of your real estate questions.

Hey everyone, thanks for joining us once again. Today we want to discuss a question we get a lot from clients: Why should I sell my house now vs. waiting for the spring or summer to make a move?
 
There are a lot of reasons you should consider selling now instead of in a few months. Today we are going to give you our top 5, so you can make a decision before your grass gets green and the spring is in full swing.

1. The transfer market is extremely active
This is the time of year that people who were offered jobs at the end of 2014 are looking for homes to move into, and they won't want to wait until summer to buy your home. They are in the market for a home right now, and are desperate to get a good home.
 
2. You can change the closing date
When you sell your home in the early months of the year, you can delay your closing date until the summer. By the time your home goes through the entire closing process, it will be late spring or early summer, so you won't be rushed to find a new home right away.

3. Homes are selling every day
In the last 60 days alone, over 1,300 single-family homes have sold in the Metro Area. The Roth Team has sold over 55 of those homes by ourselves.

4. Buyers have fewer options
Inventory is very low right now, and buyers are gobbling up the best homes almost as soon as they come on the market. Right now, there is a 25% deficit in inventory from where we usually are at, and the demand has only increased so far.
 
5. Interest rates will rise soon
Right now is the perfect time to take advantage of our low interest rates. Instead of waiting until later in the year and having to deal with 5-6% interest rates, you can secure an interest rate right now between 3% and 4%, saving you tens of thousands in interest over the life of your loan.

If you are thinking about making a move and have any questions, we are always here to answer them. Give us a call or send us an email, and we will get back to you soon! We can't wait to hear from you!