Wisconsin Rapids Real Estate – Wisconsin Rapids Homes For Sale

They’ve been talking about it for a few weeks. It seemed like a done deal, causing many buyers and sellers to breathe a sigh of relief… Then it stalled, held up by other ‘stuff.’ Then it looked dead, causing even more stress as people attempted to get their home closed by the Wednesday deadline.

The last thing area buyers and sellers needed was a ‘slight’ delay. Any delay could have resulted in not being able to close before the June 30 deadline. Numerous title companies and lawyers were booked solid on Wednesday, June 30. Often for weeks…

But after separating the tax extension from other parts of the bill (like railway spending) the bill picked up steam and Congress nearly unanimously passed the bill.

Next the Senate passed the bill after, once again, separating it from another larger bill.

But, here’s what’s important to you:

You OFFICIALLY have until September 30, 2010 to close on the sale or purchase of your home.

Almost 200,000 homeowners can take a huge sigh of relief knowing that closing on their home just became a lot easier.

Its been more than half a century since mortgage rates have been this low.

The average rate for a fixed 30-year mortgage shrunk to 4.69% last week.

If you have the Big 3:

1. Job Security
2. High Credit Score and
3. Cash

You can qualify and secure a loan that will save you thousands of dollars over the entire term of the loan.

Did you know that a 1% decrease in a mortgage rate can increase your purchase power by 10%? So for a loan of $100,000 you can increase your purchase price by $10,000…for a $200,000 loan you can increase your maximum price by $20,000…all for the same monthly payment as your neighbor with the less expensive home than yours.

Along with a lower interest rate remember that home prices have been stagnent the past few years too. Leaving you with the ability to purchase a “better” home for the same amount of money as you would have in 2007.

Starting the buying process is as easy as contacting your favorite Wisconsin Rapids Realtor and meeting with a lender to get pre-approved and lock in this especially low interest rate.

That’s always a very popular question. It goes without saying that you want your home sold in the quickest amount of time for the highest price possible…

Right?

But can anyone or any brokerage deliver the goods? Are all Wisconsin Rapids Realtors created equal?

Can you expect the same results from First Weber, Century 21, Coldwell Banker, NorthCentral or Newlun Realty?

Wisconsin Rapids says NO.

See the results from 2009.

As you’d expect, 2010 is shaping up the same as well.

If results are not important to you, call anyone. If you want the best, call the best.

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The Senate has passed an amendment to extend the closing date deadline for anyone who previously qualified for a tax credit. The Bill the amendment is attached to still needs to be passed by the Senate. After that another couple more steps of red tape, but all signs point to an extension for qualified buyers and sellers.

This will be especially good news  if you’re navigating the often frustrating waters of a short sale… 

The deadline will be extended from June 30, 2010 to September 30, 2010.

Real estate activity in April was significantly higher than a normal April, heck, even a normal July. As the dust settles and all closings take place we’ll be able to see the net effect in the overall market.

As we wait, here’s a current snapshot of activity between 2009-2010:

• Number of closings from May 1, 2010 – June 16, 2010: 85
• Number of closings from May 1, 2009 – June 16, 2009: 58

After a little math that equates to a 47% increase!

Hopefully this extension will allow a few of you sleep a little easier.

Many will use this Memorial Holiday weekend to spend time with family away from ‘everyday’ life. Away from the J.O.B.*, away from friends and as far away as possible from stress.

This is a chance to reconnect. To recharge. To rivive.

For many of us this weekend signifies the transition from Spring to Summer and the new season brings a new emphasis…a new beginning.

Before, or after (as long as it’s before Tuesday) you relax on the beach, or the deck, or the golf course read Seth Godin’s plan for getting off to a great start in Summer 2010. It’s less than 100 words…So it’ll take 15 seconds. But it’ll stick with you for much, much longer.

If you enjoyed Seth’s perspective on things you’ll also enjoy Chris Johnson talking, or I guess writing, about INTENSITY. It’s a very good read, a little longer, but worth it.

Also, are you on Twitter? I would suggest you follow Chris. Very meaningful and entertaining tweets. I’m on Twitter too, if you like that sort of thing.

*What does J.O.B. stand for? Just Over Broke…

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