real estate

Summer is hot and so is the real estate market. Now is a great time to sell.

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Right NOW is a great time to sell your home or cabin in NW Wisconsin.

Summer is in full mode and serious buyers are active. If you’re ready to sell your lake home or cabin, now is the time to be on the market.

Buyers are eager to enjoy their new homes all year round. In the fall there’s hunting, fishing, paddling, hiking, biking, and ATVing. In the winter there’s skiing, snowmobiling, ice fishing, and just relaxing by the fire. Every spring, long before the water is warm enough for swimming, we’re blessed with months of weather that’s perfect for enjoying the great outdoors in other ways.

So if you’re ready to move on to the next stage of your life, then maybe it’s time to make your move.

Keep in mind, too, that listing your home today doesn’t mean moving out next Tuesday. Even after we’ve done a little negotiating and you’ve accepted a buyer’s offer, more time will elapse before there’s an actual closing. Typically, unless it’s a cash offer with no inspections or other contingencies, that’s about another 45-60 days.

And for all the rest of you selling a year-round lake home or cabin, the best time to find buyers is… Year-round. So if you’d like to learn more about what your home is likely to sell for in our current market, give me a call now. Jean Hedren, Edina Realty, NW Wisconsin. 218-590-6634. Visit www.JeanHedren.com

Check out my recent sales: Sold by Jean Hedren

Northern Wisconsin property search. Click here: Map of Northwest wisconsin.

Pricing your home to get the highest offer

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The best way to get the most money for your home is to price it right at the start. Today’s buyers are discerning. They have the information at their fingertips to pay what they believe your home is worth. Ultimately, a home’s value is what a buyer is willing to pay rather then what the selling thinks their home is worth.

Here are 10 benefits to right pricing:

  1.  Each new listing creates a buzz in the local real estate community. The right price will generate more calls and inquiries, and attract more Realtors to show the house.
  2. The right price will send the message to buyers that the price is based on actual value rather than sentimental value.
  3. Homes tend to sell closer to the asking price during the first few weeks on the market, resulting in a higher price in a shorter time.
  4. Fewer mortgage payments and less interest paid means more money in your pocket.
  5. The right price sends the message to the buyer that your home is a better value compared to others on the market.
  6. Less time on the market means less time keeping the home ready for showings.
  7. In a fluctuating market, it is better to sell now as prices may decrease even more.
  8. The longer the house sits on the market, buyers may think there is something wrong with the house.
  9. Keep your ultimate goal in mind – selling now means moving on with your life.
  10. There is never a second chance to make a good first impression.
Selling a home in NW Wisconsin? Send me an email or give me a call at 218-590-6634. I’ll be happy to provide a current price analysis to give you an idea of what your home will sell for in the current market.
 

6 ways to make a great first home selling impression

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You won’t have a second chance to make a good first impression. When everything in the front of the house is in perfect repair, buyers will think your house is obviously well cared for. 

  • Your front door can be your home’s focal point. Replace an old door with peeling paint or dated hardware with a new steel door. Or, salvage the door with a fresh coat of paint and new hardware. Satin nickel, black, and bronze are the trends.
  • Wash windows inside and out and remove screens for added sparkle.
  • A garage can make a big impact. Replace or paint the door.
  • Don’t overlook the front porch. It’s an iconic symbol of American living. Stage a rocking chair or outdoor table and chairs.
  • Driveway. Repair cracks and clean up oil stains. If budget allows resurface the driveway.
  • After dark. Portable outdoor lights aimed at the house or a beautiful tree offers a low-cost, high-impact effect.

Selling a home in NW Wisconsin? Send me an email or give me a call at 218-590-6634. Or, email me: jeanhedren@edinarealty.com. I’ll be happy to provide a current price analysis to give you an idea of what your home will sell for in the current market.

Matthews Lake home sold in 7 days. Jean Hedren, Edina Realty NW Wisconsin

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End-of-road privacy on clear Matthews Lake. Beautifully maintained, Scandinavian-style cabin is nestled in the tall pines.  N10825 Miles Rd, Trego. $315,000. Closed 5/30/19.

Represented the sellers. Our services included professional real estate and drone photography by Al Cambronne. Be sure to click on the tabs above for more information.

Thinking of selling? Call Jean Hedren, Edina Realty NW Wisconsin Realtor, 218-590-6634. www.JeanHedren.com.

Tips for a NW Wisconsin real estate market in transition

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I have several buyers who are patiently watching the MLS listings for an especially good deal.  I’ve also been passing along listings that seem like a good fit.  Sometimes buyers have been ready to move quickly, and that’s paid off.

Other buyers were busy with work and family commitments, and they needed to wait a couple weeks before we could schedule a showing.  Sometimes that still works out.  But other times I’ve requested a showing and learned that another buyer has just made an offer that’s already been accepted.  Notice a pattern here???

I’m a Realtor, and of course you’d expect me to say that right now is a great time to buy or sell.  But the thing is, right now that’s especially true.  Consumer confidence is up, we’ve been seeing some promising economic indicators, interest rates are still low, and our Northwestern Wisconsin real estate market is moving faster than the snow was melting this spring.  (April 25 update: snow is gone, lakes are mostly open.) That’s good news for buyers and sellers alike.

If you’re a seller, you’ll still be facing some competition.  There’s a lot of inventory out there, and it’s important to have realistic expectations about what your home, cabin, or land is actually worth in today’s market.  But prices are more stable; homes priced correctly for the local market are selling quickly. Homes priced on the high side are languishing.

And if you’re a buyer, here are some tips to keep in mind during this transitional market.  Even if our market here in NW WI isn’t white hot, it’s at least warming up enough so you’ll need to let go of certain assumptions that are no longer valid.  If you find something you like and it’s a good value, don’t assume no one else has noticed it and come to a similar conclusion.  Instead, please call me so we can schedule a showing now.

If we go take a look and you like what you see, don’t assume you’ll be able to think things over for even a couple weeks before you take a second look.  Someone else with similar tastes may have also seen this home or cabin for the bargain it is.  By the time you’ve taken two more months to think it over, their moving van could already be backing up to the front door.

Finally, here’s one last bit of advice.  Pursue perfection, but prioritize your wants and needs.  Now, not all of my buyers have the same dreams.  Some, for example, want a sandy beach, while others want a small quiet lake that’s better for fishing and watching wildlife.  But when you do find the location that’s just right for you, you can always remodel the bathroom or replace that pink carpeting in the guest bedroom.  Know what matters most, and know what you want so you’ll be ready when you see it.

Thinking of buying or selling real estate in NW Wisconsin? Call Jean Hedren, Edina Realty NW Wisconsin, 218-590-6634. Email: jeanhedren@edinarealty.com.

Accepted offer on this lovely 3 BR home on McKinley Lake. N7610 Island Lake Rd, Spooner WI.

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Accepted offer on this lovely 3 bedroom year round home. More than 2300 sq ft of living space, large kitchen, main level laundry, main level master suite, huge lakeside windows for great lake and wildlife viewing, attached and detached garages. McKinley Lake is a great fishing and boating lake. This home offers 225′ of sand bottom lake frontage and easy elevation. Minutes from Spooner and Trego, WI.

Property details: N7610 Island Lake Rd, Spooner, WI.

Thinking of selling this year? Call Jean Hedren, Edina Realty NW Wisconsin Realtor. 218-590-6634. Or, email: jeanhedren@edinarealty.com

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10 reasons to hit the right home selling price

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Pricing your home right from the start can result in a quicker sale. 

  1. Strategic pricing that’s based on a thorough, up-to-the-minute market analysis. If our price is too low, we leave money on the table. If our price is too high, we leave your home on the market unsold. Later, it’s likely to sell for less than it would if we priced it correctly from the start. A strategic, fact-based listing price that helps your home get noticed and sell more quickly for the best possible sale price.
  2. Each new listing creates a buzz in the local real estate community. The right price will attract more Realtors to show the house. The right price will generate more calls and email inquiries.
  3. Homes tend to sell closer to the asking price during the first few weeks on the market, resulting in a higher price in a shorter time.
  4. Fewer mortgage payments and less interest paid means more money in your pocket.
  5. The right price sends the message to the buyer that your home is a better value compared to others on the market.
  6. Less time on the market means less time keeping the home ready for showings.
  7. In a fluctuating market, it is better to sell now as prices may decrease even more.
  8. The longer the house sits on the market, buyers may think there is something wrong with the house.
  9. Keep your ultimate goal in mind – selling now means moving on with your life.
  10. If there are no showings, the price is too high. If there are several showings but no offers indicates good marketing, but buyers will react to overpricing when they step into the house.

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