Like-New Property Hits the Market

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A neutral décor combined with updates makes the home at 3374 S. 114 Street a gem. In a great neighborhood, this property in West Allis is in a cul-de-sac west of highway 100 off of Oklahoma. It’s ideal for the first-time or move-up buyer. Here are the details.   

This three-bedroom property is like new. It features neutral colors, new carpets, new windows, new light fixtures and new paneled doors throughout. The home has a side driveway and a 2 ½-car garage that has lots of storage space. The home is basically maintenance free with aluminum trim, new gutters and new roof, as well as vinyl siding. Located on a quiet street, it’s safe for kids to play in the front yard. 

As you enter the house there’s a large living room and dining room combination. The kitchen features an open concept, new cherry cabinets, new countertops with lots of space, stainless steel appliances and a built-in microwave. New hardwood floors complete the look in the kitchen and extend into the hallway. 

Other features make this property stand out. The bathroom has been completely remodeled and includes all-new ceramic tile, fixtures, flooring and a large vanity. The bedrooms feature slide-by closets. Off of the kitchen is a huge family room—a bonus room—that has its own exit and lots of window space with a view of the backyard. It’s a great getaway room. Top off all these perks with a huge basement you can finish for even more square footage. It also has gas heat and central air. You’ll also have plenty of room in the backyard for a play set or grilling out. 

Believe it or not, it’s priced at $169,900. With interest rates below 4%, the monthly payments would be less than rent.  Call us at (262) 797-6453 so you can see this home.     

Now’s the Time to Sell

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Everyone wants to know what’s going on in the real estate market. Here’s a recap and insight on what how buyers and sellers can take advantage of it.  

In 2012 sales were up 20 to 25% from 2011. They are up again in the first quarter in the greater metro Milwaukee area by 11.5%, which is good news. The number of listings over the last five years has been larger than ever with times when the inventory was as high as 14 to 16 months. (This means that if another home did not come on the market, it would take 14 to 16 months to sell the available inventory.) Now listings are down in the greater metro area by 18.3%, so there are fewer homes on the market. The average list-to-sales price ratio on average is now 96% of the asking price.

What does this mean for sellers? If you’ve thought of selling your home, the time is now. Since there are fewer homes on the market, there’s more competition for available homes. Low inventory often translates into multiple bids, high list-to-sale price ratios and being able to negotiate better terms. It’s a great time for sellers.

If you’re in the market to buy a home, be aggressive. When a home that you’re interested in hits the market, plan to see it as soon as possible and make the best possible offer that’s at an appropriate price point for the seller. Remember, inventory is low. If you hesitate, the property could be gone because others will be making offers.

Keep in mind that mortgage loan rates are still fantastic, which makes buying a home more affordable than ever. A 30-year fixed-rate mortgage hovered at record-low rates during 2012 and is still low into 2013, but the rates won’t last forever. Interest rates are still below 4% with some as low as 3% with a 15- or 20-year fixed-rate mortgage. If you wait and interest rates rise, you could get locked into spending a few hundred extra dollars a month on your payment.  

Give us a call so we can tell you where to be positioned and how to be successful in this market. Please contact us at (262) 797-7453. We’d be happy to assist you.

Lessons Learned at the Mike Ferry Organization Conference

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Each year, over 2000 thousand of our country’s top real estate agents convene in a hot spot to gather together and compare notes on what works best for them in their quest for continued success. This year, as we move into the day 2 of the conference, I wanted to share with you just a few of the ideas I’ve learned in their series “The Art of Selling”; things that we will continue to practice and perfect moving forward with the Mike Roth Team.

Attitude is Everything

Time and again we hear of instances where someone with a lackluster attitude consistently fails to raise the bar and achieve success. Well in real estate, nothing could be truer and one of the main principles of a quality real estate agent is to maintain an upbeat and positive attitude when presenting real estate.

Aim High and Goals Get Achieved

If you set high standards and top goals – you will achieve them, says Mike Ferry. The ONLY way to get results is to have high expectations of yourself and your organization, which in turn almost always ends up in great results.

High Energy = High Success

Right up there with attitude, is high energy. When you operate on a strong level with enthusiasm, drive and ambition – it’s no wonder that you will successfully sell real estate and foster strong long-standing relationships in the process.

Focus On Clients’ Needs is Key

Clients’ needs are all encompassing and they are what ought to drive every single real estate agent’s business. By staying 100% focused on clients’ wants, needs, desires and inhibitions – nothing but utmost success can be expected.

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If you would like to hear more about what we’ve learned through the MFO this year or if buying, selling or investing in real estate is something on your mind these days – we invite you to contact us today!