Spring is finally in the air here in Wisconsin Rapids. One obvious reason is the amount of ‘activity’ that’s going on. You know what I mean… People are outside enjoying the weather. Many are starting to walk outside again. Children are playing. The birds are starting to come back. Deer and turkeys are once again active.
(Watch me deftly work real estate into this discussion… 
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Plus home buyers are starting to come out of their hibernation as well. Open house traffic is increasing. The number of buyers I’m working with is also increasing.
It’s like the perfect storm of real estate… Why is now the time for you to put your home on the market?
Reason #1: New inventory will get noticed.
The newest Wisconsin Rapids homes added to the MLS generally receive the most buyer action. Why? First, your home will be toured by everyone in the First Weber office the first Tuesday your home is ready to be shown. If your home meets the needs of a buyer any of the First Weber agents are working with phone calls are made and emails are sent well before lunch…
Showings will be set and potential buyers will be through your home in the upcoming days, or even hours.
Secondly, every other agent in Wisconsin Rapids checks the MLS daily for new homes to hit the Wisconsin Rapids market. By taking the time to craft a quality listing description as well as taking dozens of pictures every Wisconsin Rapids Realtor will know if they have a buyer that’s perfect for your home.
Reason #2: Mortgage rates are still very low.
Mortgage rates are still in the low 5% range. By locking in a fixed rate mortgage now a home buyer is able to lower their monthly mortgage payment.
With current state of our economy the majority of buyers need a lower mortgage payment now compared to a couple years ago. Many buyers are also choosing to leave money on the table by purchasing a home for far less than what the mortgage lender had approved them for.
Reason #3: Many buyers are taking advantage of the first time home buyer tax credit.
Look through the local real estate ads. What’s receiving top billing? I know the answer is obvious, since it’s in bold above, but I’ll say it anyway: the new first time home buyer tax credit. (I know the name has been changed, but the new name doesn’t explain what it is as well as the old one…)
In February the government made a major change in the wording. Gone was the fact that each buyer would have to pay back the $7500. In it’s place the amount was increased to $8000 plus the buyer does not have to repay a dime, as long as they live there for 3 years.
Their are hundreds of things a new Wisconsin Rapids home buyer can do with a free and clear $8000…
Yes, some people are concerned for their jobs. But not everyone is. These three reasons are driving buyers to our market. And everyone’s feeling the impact. Not only the buyers and sellers, but local business as well. Plus, many buyers will find their bank account much bigger as well…
What next? If you’re ready to jump into the best time of year to buy or sell a home get in touch today. Homes are coming onto the market daily.
Also, if you’ve liked what you’ve read and want to stay current with the Wisconsin Rapids real estate market enter your email address and all new posts will be automatically be sent to your inbox. Remember, as always this is free, plus I won’t be doing anything hokie with your email address… Your trust is to important to me.
PHONE: (715) 572-8372
My name is Adam Holberg and I’m a Realtor with First Weber of Wisconsin Rapids. This website is designed to inform and help bring conversation to a topic I love, real estate.