WHY BUY DOOR COUNTY REAL ESTATE NOW?

By
Real Estate Broker/Owner with Wilson-Shaffer Real Estate

April 27th, 2009

IF buying a home or condominium in Door County is one of your goals, why should you do it now?  It is really a no-brainer.  (1) There are sellers motivated to sell.  (2) Interest rates are low and loans are available to qualified buyers.  (3) Values overall have held fast and have a solid history of appreciation.  How could conditions be any better than that?  Even if what you buy now and trade up later, you will be ahead.  Homes are a great value and can be found at prices well below building cost.  Condominium values are readily available in every price range from the low $100K range to over a million.  Land, especially acreage that has future division potential, is a smart investment. 

But, you ask, how can there be such great values for sale while at the same time property values are holding strong?  It is an idiosyncrasy of a recreational property market.  Most sellers in this market are financially stable enough to hold out for the price they want, so they can wait out a bad market until someone buys at the price they want.  On the other hand, some sellers are not in such a good position, so in order to sell the property they are reducing asking prices to what is sometimes actually below market value.  They need buyers now. A good Realtor (such as those at my company) can help you find those properties.

Comments (1)

Tom Braatz Waukesha County Real Estate 262-377-1459
Coldwell Banker - Oconomowoc, WI
Waukesha County Realtor Real Estate agent. SOLD!

Kathy

Door County is a great buy right about now. Are the cherry trees going to be in bloom in the next month or so?

Tom

Apr 28, 2009 02:51 AM