Ozaukee & Washington County Real Estate

Find out more about Ozaukee and Washington County real estate, including the cities of Grafton, Belgium, Cedarburg, West Bend, Jackson and Germantown.

What's It Going to Cost You to Wait to Buy or Sell??

For any seller or buyer out there who is not yet 100% committed to selling or buying, consider the gamble you're taking in waiting.

Cost comparison buying now versus buying later

If rates increase even one point, the cost in waiting is tremendous. And some of the buying power is lost.

So as a seller, you have to decide. Do you get your house priced where it needs to be to get it sold now, even if that means selling at a lower price than you would like? Or do you keep it priced where it's at and risk losing some buyers in the near future?

And as a buyer, you also have to decide. Do you wait to see if prices drop more and risk losing some of your buying power if interest rates creep up, therefore not being able to afford as much house? And what about the cost? What about the cost over time??

The choice is yours. How much of a gambler are you?

Ā 

Peggy Wester
Phone: 262-370-1757
Email: pwester@realtyexecutives.com
Website: peggywester.com
Blog: peggysblog.com


Peggy Wester - Realty Executives Integrity

Comment balloon 3 commentsPeggy Wester • July 23 2011 11:32AM
What's It Going to Cost You to Wait to Buy or Sell??
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For any seller or buyer out there who is not yet 100% committed to selling or buying, consider the gamble you're taking in waiting. If rates increase even one point, the cost in waiting is tremendous. And some of the buying power is… more
Is It Worth It to Own a Home???
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I closed on a house yesterday -- one of my listings. This had turned into one of those "bitter-sweet transactions, " with emotions running high. My sellers had put years and lots of blood, sweat and tears into this house. As they… more
Looks Like It's Time to Get Off the Fence, Mr. Buyer
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I remember those days when we hardly had the sign in the yard, if at all, and already there were multiple offers on a home. Ahhhh… I also remember those days when we had the sign in the yard for days, weeks, months, even years(! ) and… more
Putting Yourself on the Receiving End of That Offer
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A colleague posted a "note" on Facebook the other day directed at buyers and their tendency to make offers that "even put low-ball offers to shame" in this buyer's market. She cautioned them by advising that they might want to… more
Use your iPhone or Android to Find Your Dream Home!
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Wondering what other handy use you can make of your iPhone or Android? How about search for your dream home?! Shorewest, RealtorsĀ® just released an Android application and updated the iPhone application. The app allows you to: &… more
Port Washington Charmer is Available!
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LOOKING TO HAVE SOME CHARM IN YOUR LIFE? Just step inside this updated 3-bedroom, 1-bath cream city brick home, priced at $179, 000, and you'll see it all around. Warm and gleaming rosewood hardwood… more
WHEDA Returns!
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After a brief absence, the Wisconsin Housing and Economic Development Authority (WHEDA) program is back! So along with great tax credits and great interest rates there is yet another great reason to buy a house NOW! The WHEDA program… more
Final Walkthrough -- OK… So What Are We Supposed to Do Here??
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It's here -- well, almost. Closing day. The home inspection is completed. You have loan commitment. The boxes are packed. You are about to become a new homeowner. But there's one more thing to do. The "Final Walkthrough. " So… more
Is That the Light at the End of the Tunnel That I See??
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Over the past month, it seemed like the activity at my office was picking up a bit -- open house attendance was up, more showings were being scheduled, more offers were being written on the board, and more listings were being taken. But it… more