Today’s Door County real estate market is a buyer’s market.

Low interest rates have been gracing the Door County real estate market for the past year.  Yesterday I listened to a webinar from the National Association of Realtors titled, "Feast or Famine, the 2010-2011 Economic Forecast" and the message there was that the current level of interest rates won't last through this year.   While it does not seem that mortgage rates are going to skyrocket out of sight, it is doubtful that they will decrease and the general sentiment among economists is that rates will steadily begin to rise.

Motivated sellers and the current tax credits add to create a fantastic market for buyers.

For many of us in certain areas of the country the ecomony does not seem that it is strengthening, but in other areas it is becoming stronger; as the ecomony strenghthens in Door County it will equal less chance for discounted mortgage rates--and home prices.  If you want to refinance or purchase real estate, now might be the best time to do so.

Sellers, the reason you shouldn’t sell your Door County, Wisconsin real estate right now is clear, you are not going to get top dollar.  However, if you have to sell you need to make your home as competitive as possible.  Your home not only needs to be priced right it needs to look its best.  It is not the best time to pour money into your home to fix it up but it is a good time to make it look its best.  Paint it if you can, stage it, clean and organize, and make it eye catching.  Most importantly, price your real estate better than  the neighbor’s house and you will be more likely to catch a buyer.

If you are behind in your mortgage payments or nearing foreclosure don't give up--contact me--if we price your home competitively we may be able to accomplish a short sale, which will be far less detrimental to your credit and life than foreclosure.  Click here to view my website on avoiding foreclosure in Door County. 

So, sellers, if you can hold out you might fare better in the long run, if you  cannot and must sell now then contact me today and we'll get your property on the market while buyers can take advantage of low interest rates and the current tax credits.

And if you are a buyer, all of these things mean BUY IF YOU CAN! And contact me today to get started on your search.