Buyers: If you are waiting to hit one out of the park, you might miss all the great 1st, 2nd, and 3rd base hits.
I don't very often use sports metaphors, but this one seems appropriate. I'm telling my buyers now that if they keep waiting for that perfect deal, like in baseball, for that perfect "slam it out of the park," they'll miss all those great 1st, 2nd, and 3rd base deals.
Don't be the buyer, that in 2013, regrets not buying last year when there was more inventory, fewer buyers, more especially good bargains, the interest rates were at historic lows, and sellers were much more eager to negotiate. Because you waited for the prices to drop a little more, you waited too long.
Here in my Northwest Wisconsin neighborhood, where there are hundreds of lakes and big pine woods, great fishing, and a variety of recreational activities for everyone, there are many wonderful lake homes and cabins, cabins or chalets in a quiet spot in the woods, and plenty of recreational land available. There are good properties that have been on the market for some time, even years simply because there haven't been enough buyers or buyers were waiting on the sidelines.
So this really is the year to buy. If we go take a look and you like what you see, don’t assume you’ll be able to think things over for two months 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.
Here’s my 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 to make an offer when you see it.
If you’re still sorting through those priorities, give me a call. I’ll be glad to send a helpful checklist. And if you already have a pretty good idea of what you’re looking for in a home, cabin, or recreational property, give me a call now. I’ll be glad to help you find it.