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Chris Haines, Real Estate Broker Milwaukee Executive Realty
Attention condo and house buyers! People searching for Milwaukee condos, single family homes and other real estate in the Milwaukee area are finding great deals in the current marketplace. Over the past few years, the real estate market had been stuck in a tough market. This is particularly true with condos. However, many buyers have recognized that and things are starting to turn around. Between prices being low and mortgage interest rates sitting at historic lows, buyers for houses, condos and duplexes have been taking advantage of a market with a lot of the right attributes.
Despite the past few years being tough for condos and the entire real estate market as a whole in Milwaukee, there is definite evidence of a changing landscape. Real estate professionals in the area are actually working with competing buyers for properties more frequently. I personally experienced this where a buyer was making an offer on a downtown Milwaukee condo. He actually offered more than the asking price and still lost out. I haven't experienced that scenario with a non-foreclosure home for a few years!
Additionally, over the past two years I have worked with many people in the Milwaukee area who have been interested in both condos and single-family homes. While some monthly data shows mix data, the number of buyers in the Milwaukee area overall is definitely on the rise. Many times I have seen folks who wanted to buy but were concerned about the future whether it be their jobs or the economy. While no one knows what the near future holds for the real estate market, a case can be made for action now because prices have at least flattened and could actually start rising.
Some banks around Milwaukee are offering great packages for first-time home buyers of condos and single-family homes as well as owner occupied duplexes. Also, WHEDA, the Wisconsin Housing and Economic Development Authority, is back and offering deals for first-time home buyers of single-family homes with very low down payments. Unfortunately, WHEDA is not offering mortgages for condos at the present time. There are also a handful of banks in the Milwaukee area that are working with outside sources for grant money to assist first-time homebuyers with their down payment monies.
Sellers: The market is definitely down but signs are looking up. While prices are still low, data indicates price increases over the past year. Sellers can find opportunities in the current market, especially if they are looking to upgrade. A lot of the market is based on price and condition right now. If you are looking to sell your house or condominium, pricing it right and making sure it presents well can set you apart in this market. If you are upgrading and decide to take a 10% hit on your house, perhaps you can buy a more expensive home where that home owner takes a 10% hit. Proportionately, the percentage is the same but the more expensive house means you save more dollars than you lose in that scenario.
Real estate is a great passion of mine. For years, I have been investing in real estate and understand the market. Whether it is real estate in Shorewood, Mequon, Brookfield, Hartland, New Berlin or Franklin, I have a solid understanding of most of the Milwaukee area through my life-long residency and status as a community volunteer.
Selling Your Home
Milwaukee Condos on the Gold Coast
When selling your home, it is important to work with a Realtor® and a company that have many resources to achieve your goals. Milwaukee Executive Realty is home to some of today's best technology to get your property exposure. The company's position in the Milwaukee real estate market benefit sellers because of its ability to provide high exposure. When you list your property with me, I will be able to put many of Milwaukee Executive Realty's resources to work for you and work hard to get you a quick sale at a decent price.
A lot of real estate agents talk about the technology provided by their company. However, I know how to effectively use it. I am an Internet expert who brings many capabilities to the table. If you have a Milwaukee condo, waterfront property, Whitefish Bay tudor, Brookfield colonial, Shorewood bungalow or something else, I can do the research necessary to expose your property to the right people on-line.
To get started selling your house, contact me today so I can provide you with a free comparative market analysis which can help determine your home's value.
Buying Your Home
Investors in Milwaukee condos, Milwaukee real estate or other type of properties make very emotional decisions. Whether it is a condo in Milwaukee, single-family in Mequon, duplex on the east side or some other type of property, these are tricky times in real estate. I want to consult you on making a very large investment that you may keep for life. To help you make the right decision, I have access to a lot of data relating to the neighborhoods, schools and property tax rates. If you are not sure how much house you can afford, please contact me and I can work with you to determine your buying power.
Third Ward Condo
When working with a real estate agent, it is important to work with someone who wants to help you become educated in the process. That is what I try to do.
Discussing Milwaukee Condos on What You Get For The Money on HGTV
Milwaukee Area Condominium Complex Listings For a more comprehensive list of Milwaukee area condos, click here.