Eau Claire Wisconsin Real Estate: Buying and Selling Homes

Eau Claire Wisconsin Real Estate Agent

I think there has been a lot of confusion lately with everything in the news. One thing is certain, that Real Estate is local. What is going on here in Eau Claire Wisconsin and the Chippewa Valley is not necessarily the same as what is going on in California.

But how is the average person supposed to know?

I agree it can be difficult to find good, relevant information. Its hard to pick through all of the numbers and statistics to finally come to the conclusion that they were greatly skewed in order to make a quick headline. Often articles are written with such generalizations that it seems the problem is everywhere and really widespread but they are actually talking about a small, very specific area with its own set of problems.

I am not trying to convince anyone that the market is good or bad. It is what it is. But what you have to consider is what is going on in our area is different than some parts of the country. Homes are still selling and people are still calling every day to buy homes. We live in a pretty big area and we have a lot of homes. I think thats a good thing.

If you would like to work with an agent who is leading the way call 715-894-1001 today or send me an email.

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Eau Claire Wisconsin Real Estate: How is the Market?

Eau Claire Wisconsin Real Estate Agent

Sure everyone has seen the headlines but does the average consumer really know what the market is like in their area? What sources do they have to learn about the market? I know that going to a knowledgeable Real Estate Agent would probably be your

FHA Boom an Inevitable Doom?

Eau Claire Wisconsin Real Estate Agent

There has been a recent boom in the number of FHA, federally insured loans to homeowners. This has offered help to areas hardest hit by current financial conditions but “The FHA’s surge in business, which includes many loans to high-risk borrowers who put just 3 percent down in markets where real estate prices are in decline, raises questions about a potential hit to taxpayers in the future.” FHA says there is no cause for alarm and they currently have a lot of money in reserves to insure the loans.

Of course concentrating money into a more central location can be cause for alarm. If trends continue its possible that even more loans could be insured by the government but whether this is something to worry about remains to be seen. Hopefully there will be more oversight than what we have seen lately in regards to Wall Street.

You can read the full article here.

If you would like to work with an agent who is leading the way call 715-894-1001 today or send me an email.

Search Eau Claire Wisconsin Real Estate!

Read my Eau Claire Wisconsin Real Estate Blog!

Buy Eau Claire Wisconsin Real Estate

List and Sell Your Eau Claire Wisconsin Home

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Invest in Real Estate: The Perfect Storm Eau Claire Wisconsin Real Estate

Eau Claire Wisconsin Real Estate Agent

Every so many years the perfect combination of ingredients comes together for the perfect storm. The same holds true for Real Estate, interest rates drop and home sales drop resulting in lower prices. Recently a third ingredient has been added to this mix with the stock market taking quite a hit. While some might argue that investing in stocks is a good idea, I also think it goes with substantial risk. Now every investment poses inherent risk but some are less than others. In the case of Real Estate investing in Eau Claire Wisconsin and the Chippewa Valley you would be hard pressed to find cases in which a long term investment in Real Estate would be a bad idea. Now when you talk short term there of course is a much higher risk but it is a no-brainer that homes in our area have statistically gone up in value over the years. In many cases they have doubled in value in less than 15 years. There is no other investment that I know of that could possibly yield a return like this. Today that would be the equivalent of buying a home priced at $100,000 and in less than 15 years the home is worth $200,000. This is quite possible in our area. How likely will remain to be seen. But even if the trend were to slow down even to 60% of that or less we are talking about an incredible amount of potential income.

When homes were at their peak in pricing, flipping was all the rave. When the costs of materials went up and home prices fell it became rather difficult to turn a profit doing this sort of thing even if you did all the work yourself. In fact many investors are still in hot water after getting in too deep and expecting the same sort of returns.

Well now it seems a new approach is being taken and it is something that I have been saying all along. Buy low and sell high. Thats the same advice for the stock market and it holds true in Real Estate as well. With home prices down as they are if you bought a home today and held onto to it long enough for the market to come around you are looking at a substantial profit in a relatively short period of time. There are a few different ways to approach this and in the mean time using your investment as a rental would be a great idea. In a few years you decide if its worth it to you to stay in the rental market or sell it off later. I think the longer you can hold onto the property the better. I think rentals are a great investment, but like I said every investment comes with risk!

Here is an article for more information.

One thing to note is that the article is talking about a different area than here in the Chippewa Valley. The numbers are not representative of our area. Real Estate is local. But in general terms the information is valid.

If you would like to work with an agent who is leading the way call 715-894-1001 today or send me an email.

Search Eau Claire Wisconsin Real Estate!

Read my Eau Claire Wisconsin Real Estate Blog!

Buy Eau Claire Wisconsin Real Estate

List and Sell Your Eau Claire Wisconsin Home

Work with Eau Claire Wisconsin Real Estate Agent & Realtor® Shane O’Gorman

New Mortgage Aid Program: Is it Enough? Foreclosed, Foreclosure, REO Eau Claire Wisconsin

Eau Claire Wisconsin Real Estate Agent

Doom and Gloom. Thats the news that everyone seems to be sticking to but is it really all that bad? I know our area has been spared somewhat from the overall foreclosure trend. It really isn’t as significant as people tend to think, with only a small percentage of homes even affected. The majority of homes in our country are either entirely paid for or are partially paid for. But still the thought is that something should be done to relieve those who are in foreclosure or have the potential of being foreclosed.

The new plan was to try to lower interest rates to make it more affordable. Many of the loans that were given out are turning into high monthly payments that people just cant make. The reality of the situation is that people need help and foreclosed homes are not good for anyone. They can destroy pricing on competing homes and really hurt a community. The problem with the new plan is that it will probably “represent only 20 percent of delinquent loans.” I guess any help at this point is something but for sure more can be done.

You can read the rest of the story here.

If you are facing foreclosure or want a solution to help you with your financial problems in relation to your home there is help available. There are quite a few options that you might not even know about. Please contact me as soon as possible if you or someone you knows needs help.

If you would like to work with an agent who is leading the way call 715-894-1001 today or send me an email.

Search Eau Claire Wisconsin Real Estate!

Read my Eau Claire Wisconsin Real Estate Blog!

Buy Eau Claire Wisconsin Real Estate

List and Sell Your Eau Claire Wisconsin Home

Work with Eau Claire Wisconsin Real Estate Agent & Realtor® Shane O’Gorman