See why this lake cabin generated an offer so quickly in October
The question on every homebuyer mind as we head toward the end of 2018 is whether or not to buy a home now or wait until next year. In a recent blog post, we shared why this fall is a great opportunity to purchase your dream home in Chetek WI, but one other reason worth noting? It could cost you much more in the long run if you wait to buy until 2019.
Below is a helpful infographic from Keeping Current Matters to help you see why you shouldn’t wait until next year to buy a home in the City of Lakes:
- Freddie Mac predicts interest rates to rise to 5.2% by the third quarter of 2019.
- CoreLogic predicts home prices to appreciate by 5.1% over the next 12 months.
Timing is key in real estate, especially when it comes to buying a home! Let Six Lakes Realty be your guide to the real estate market and help you find your dream home before both interest rates and home prices rise again.
Give us a call today!
Six Lakes Realty
Office: (715) 924-4806
Why does John call this “The Gingerbread House”? Check out the video and find out why.
Spectacular log sided premier home. You have to see this, words don’t do it justice.
New season, new opportunity to start fresh in a new Chetek WI home! While you may think of summer as the busy real estate season, that doesn’t mean your time to buy is up once fall rolls around. Now is actually one of the best times to buy a home in the City of Lakes, and as your local real estate experts, we’ve outlined four reasons why below!
Mortgage rates are expected to rise
While they may still be hovering around historic lows, mortgage rates won’t stay this way forever! In fact, 30-year mortgage interest rates have already increased half a percentage point and are expected to rise again over the next 12 months. By this time next year, projections have rates around 5.1% which means you’ll end up paying more for a mortgage if you wait to buy!
Home prices are rising
Many Chetek WI residents are wondering where home prices will go over the next year and the answer is UP! According to CoreLogic’s Home Price Insights report, home prices will continue to rise at a rate of 5% over the next year!
You’re paying a mortgage either way
It may not have occurred to you to think of it in these terms, but no matter if you rent or buy, you’re still paying a mortgage! If you buy a home, it’s your own mortgage, whereas if you rent, you’re paying down your landlord’s mortgage. Homebuyers do have the benefit of building equity once they’re in their new home, which can help you build your family’s wealth, but renters are essentially helping their landlord build his.
Winter is coming
While it’s true that real estate deals are made regardless of the season, you’ll want to take into account that the busy holidays are coming— along with the snow and cold of a Chetek winter! Ask yourself if you’d prefer to take advantage of market conditions now while the weather is still favorable for a move or pack up and move homes when the temperatures aren’t so nice!
Don’t sit around and wait for the market to change with the fall colors, now is the time to act! Give Six Lakes Realty a call today to get started on your Chetek area home search!
We look forward to hearing from you!
Six Lakes Realty
Office: (715) 924-4806
You can’t miss this exceptional home and all it has to offer. You won’t be disappointed.
Check out this fantastic spot on Prairie Lake. Located with the city of Chetek, with prime frontage and a moderate slope to the lake. Someone is going to get a great deal. Shouldn’t it be you?
It’s a beautiful day for #ChetekHarvestFest. Come check out the Art and Crafts, Flea Market, Kids games, the Lawn Tractor Pull Contest and much more. Another great event in #Chetek the #CityOfLakes
This home will make you say Wow!! Located on 18 acres with a trout stream running through the back yard. This is a rare find in the Chetek area. Check out what you are missing.