Appleton and Fox Cities Home Buyers and Sellers Are Active... But Cautious

By
Real Estate Agent with Coldwell Banker- The Real Estate Group, Inc.

Appleton, Fox Cities and surrounding areas are alive with home buyers and home sellers but there's something different about them. I don't mean different in a bad way either, far from it. I've found that both home buyers and sellers are very educated on the national real estate market conditions which in turn makes them proceed cautiously. Even though buyers an sellers may be cautious they're eager to learn more about our market to help themselves get past their fears and I'm eager to tell them.

As a Realtor working in the current real estate market conditions I really need to stay on top of things both locally and nationally. Why stay on top of national trends? Nine times out of ten when someone talks about real estate market conditions they're referring to what they've seen on TV or read in the newspapers in regards to national statistics so I need to be able to differentiate local and national to better answer questions and lend assistance.

I recently wrote a blog titled Fox Cities Resists Housing Slump in which I refer to our local market conditions here in Appleton and the Fox Cities area. Our real estate market is much stronger than most if compared nationally in respect to both the number of homes being sold and the list to sale price ratio but overall our home prices seem to have reached a plateau. To explain all of this it is very important to me to have an initial meeting with my potential buyer or seller. I want to discuss market conditions with them and find out what there expectations are and if any, what there fears are for buying or selling a home today.

I can't blame anyone who is thinking of buying a home or selling a home in Appleton or the Fox Cities area for being cautious and asking a lot of questions after all the negative news lately, but I do commend them for being eager to learn more about the true local conditions.

Knowledge is power and I love being able to help educate people about our local real estate market so when it comes time for them to buy or sell a home they're able to make informed decisions.

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Rainer
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abka defg
Fountain Hills, AZ

Bob,

I think due to all the negative media coverage the housing market has received buyers and sellers tend to be cautious in most areas. Many people understand that the nationwide or statewide trends may not give an accurate reflection of a particular local market, but don't necessarily understand the local market trends in their area.  It's wonderful that you are willing to take the time to help educate buyers and sellers in your area.

Apr 24, 2008 12:13 AM #1
Rainer
175,807
Bob Edwards
Coldwell Banker- The Real Estate Group, Inc. - Appleton, WI
Fox Cities Real Estate Hotline, SFR- Appleton, WI
Bonny- Thank you for comment. I agree that buyers and sellers know something's different locally but just not sure what it is, that's when it becomes my responsibility to inform them.
Apr 24, 2008 03:44 AM #2
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Rainer
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Bob Edwards

Fox Cities Real Estate Hotline, SFR- Appleton, WI
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