The 2017 real estate market is drawing near. This blog post outlines my predictions of the 2017 real estate market based on current and past trends in the industry. 2017 could be the best time for those thinking about downsizing or selling their long time home. Instead of waiting for crisis or chaos to force you into a home sale, my advice would be to plan a move when the market is right, and you have the ability to plan your next step.Read More
Bruce's Team Blog:
Bruce shares his advise and experience on the Milwaukee-area Real Estate Market, Senior Living Real Estate options, families helping senior parents downsize and much more!
The first steps to selling your home:
In any market, selling a home is an intricate and often times emotional process. However, with careful planning and the right lineup of experts on your side, you can progress methodically and confidently through the many stages of selling your home in a way that honors your timeframe and financial goals. Read on for a basic road map of what you can expect when making this important transition.Read More
Putting your property on the market as a ‘for sale by owner’ (FSBO) is a big mistake for most people. While do-it-yourself projects are a great way to save money in many cases, it simply is not advisable when it comes to something as complex as selling a home.Read More
Getting ready to sell? Buyers will form a first impression about your home within seconds of touring it in-person or online. (Check out our virtual tours) Make sure the impression your home makes is one of high value for the asking price with these 5 tips for boosting your home’s appeal. Milwaukee based realtors at Bruce's Team we have partnered with trusted down-sizers, contractors and stagers to help you get your home ready to sell. We help make the process as smooth as possible so you can relax and have a smooth move!Read More
Fall means a great time to make improvements to your home to make sure you protect the equity that you possess. If you, a friend or family member are thinking about selling this year, September is the best time to enter the market. The fall market lasts from September to mid-November. That is when buyers purchase after the kids are back in school.Read More
In this blog, Bruce talks about the current state of the real estate market this Summer. With low interest rates (3.85% for a 30 year fixed rate mortgage) plus high demand there has been a euphoric market for today’s homeowners. Due to the word on the street that prices were escalating and selling time is short, many sellers have decided to wait on the sidelines and enjoy the appreciation which was absent in the recession. This post explores some of the current conditions with buyers and sellers on the market today, and what you should know before you list.Read More
Bruce was recently featured on Fox 6 News speaking about helping seniors transition into senior living communities and the state of the current market for those looking to sell. He specializes in working with seniors to help sell their home, and encourages people to be an advocate for their elderly parents. Watch the video!Read More
This post speaks about the familiar situation of determining when you are ready to move and how not to get overwhelmed by the decisions. So often couples differ in their desire to make a change and the thought of moving seems overwhelming! You are not alone. I speak all over the 4-county community and feel that same angst from the folks who attend my seminars.Read More
I Can't Sell My House!! "I can't sell my house." I have heard this from so many seniors in the last two years. The majority of folks who truly believe that a successful sale cannot be achieved have never actually put their home on the market! I have always said it is not what people do but why they do it. It is the "why" behind the action that must be examined.
No matter what the market conditions, homes will sell. They sold in the 80's when interest rates were up to 17% and they sold last year after the economic tsunami. The only factor that changes with each market is the price of the home. Prices have fallen, but only 10% in some areas, and 15-20% in other areas. The right way to look at your home investment is to remember what you paid when you purchased your home and what it is worth today. Those homeowners who have lived in their homes for thirty to fifty years have seen their properties increase, in many cases, by ten times. So, why then are so many people focused on the 10-20% drop in prices over the last five years, and why are they ignoring the ten-fold increase from purchase to current prices?
I believe it is because we dislike change. We will find any reason we can to avoid new surroundings, even if our new home will offer comfort, safety, and interaction with others. For many of us, a familiar bad situation trumps a new unfamiliar one. So, the statement "I can't sell my home" fits right into that avoidance syndrome. This excuse will pacify our children who want us to move. It will keep us in our familiar setting for a few more years until a health change may dictate a very quick and untimely move.
Homes are selling! They always have and always will. A successful sale and move will happen if you truly want to better your situation. Once you decide that a move to a senior community, condo, or apartment is the right choice, all will fall into place. A Senior Real Estate Specialist will guide you all the way from preparing your home for market to coordinating your closing and move to your new home. Interest rates are at historic lows, there is an $8,000 tax credit for first time buyers, a $6,500 tax credit for owners of homes (they must have lived in the home for five of the last eight years) and prices are affordable. With these factors favoring buyers, we are starting to see multiple offers on well-prepared and well-priced homes.
Therefore, "my home won't sell" is an excuse that may keep you from moving but, in many cases, may also keep you where you shouldn't be. If your home is no longer working for you and not matching your health situation, have the courage and conviction to make your move and enjoy the rest of your years in safety, comfort, and in an environment that allows you to connect with others. There is an old joke I'm reminded of. I think Jack Benny is famous for this one:
A robber approached an older adult and says, "Your money or your life!" The senior retorts, "Take my life, I'm saving for old age!"
Enjoy your life to its fullest. Only you can change your attitude and be proactive to advocate for a very important person ... you!