Buying a home in Northwestern Wisconsin involves a rural market with relatively few properties for sale at a given time. Homes are unique, with a mix of cabins, luxury homes, farmhouses, contemporary homes and one-of-a-kind properties. Lot sizes range from city parcels to sizable acreage. Pinning down value can be a challenge!
As the buyer, you decide what a property is worth by what you are willing to pay for it. Of course, the seller may not always agree with you! Here are things to consider when preparing an offer:
- Home age and condition.
- Home size, number of rooms, and amenities.
- Lot size and topography.
- Location.
- Recent sales prices of the most comparable (similar) properties.
- Recent real estate trends of the local area.
- Days on market.
Generally, homes with longer days-on-market may have sellers who are ready to negotiate. Older homes that need some degree of updating can be another good opportunity.
When seeking wiggle room in a home price, don’t “beat up” the house with negative feedback. The seller won’t appreciate it, and you could lose the chance to reach a deal. Instead, make a sincere, well-thought offer, with market comparisons to back up your numbers. Include your mortgage pre-approval letter and an earnest money deposit. Sellers want the best possible price, but they also want qualified offers that will close!
Before you begin your Northwestern Wisconsin home search, call us for the newest listings and sales trends! Six Lakes Realty is a locally owned family business with over 45 years of experience. Contact us today for friendly, hometown service!
John Flor
Managing Broker
Six Lakes Realty
Office: (715) 924-4806
Email: john@sixlakesrealty.com