The Toner Team

Lifestyle changes can significantly influence whether it’s the right time to sell your home or wait. Major life events like retirement, downsizing, a growing family, or relocating for work often create the need for a different type of home. If your current space no longer fits your needs—whether it's too big, too small, or in the wrong location—it might be time to sell.

On the other hand, if your lifestyle changes aren’t immediate or you anticipate more stability soon, it may make sense to wait. Market conditions, emotional readiness, and future plans should also be considered. The decision ultimately comes down to how well your home aligns with your evolving lifestyle.

Should You Sell Now? The Lifestyle Factors That Could Tip the Scale | Prescott Area Real Estate Are you on the fence about whether to sell your house now or hold off? It’s a common dilemma, but here’s a key point to consider: your lifestyle might be the biggest factor in your decision. While financial aspects are important, sometimes the personal motivations for moving are reason enough to...

A 55+ community can be a great fit for those seeking a lifestyle tailored to active adults. These communities often offer low-maintenance living, allowing you to enjoy amenities such as pools, fitness centers, golf courses, and social activities without the hassle of home upkeep. It’s perfect if you're looking for a quieter environment with like-minded neighbors and a focus on recreation and leisure.

However, it’s important to consider if the age-restriction suits your long-term plans, as well as the HOA fees and any restrictions that may impact visiting family or grandchildren. If you're looking for a simplified lifestyle with plenty of amenities and a sense of community, a 55+ community might be ideal.

Could a 55+ Community Be Right for You? | Prescott Area Real Estate If you’re thinking about downsizing, you may be hearing about 55+ communities and wondering if they’d be a good fit for you. Here’s some information that could help you make your decision.What Is a 55+ Community?It’s important to note that these communities aren’t just for people who need ...

As a realtor, I often see sellers make several common mistakes that can hinder the sale of their property:

1. **Pricing Too High**: Setting the price above market value can deter potential buyers and prolong the listing time. Overpricing often leads to price reductions later, which can make the property seem undesirable.

2. **Skipping Necessary Repairs**: Neglecting essential repairs can turn off buyers. Homes in need of obvious fixes may lead buyers to believe the property has been poorly maintained, resulting in lower offers or no offers at all.

3. **Not Being Objective**: Sellers often have emotional attachments to their homes, which can cloud their judgment. It’s important to view the property as a product for sale rather than a personal space.

4. **Being Unwilling to Negotiate**: Flexibility is key in the selling process. Sellers who refuse to negotiate may miss out on otherwise good offers. It’s crucial to stay open to reasonable negotiations to facilitate a smooth sale.

How To Avoid Today's Top Seller Mistakes | Prescott Area Real Estate Some HighlightsWant to know some of the top mistakes sellers are making today and how to make sure they don’t happen to you too?The biggest missteps are pricing a house too high, skipping repairs, not being objective, and not being willing to negotiate.And the best way to avoid falling into any .....

As we move forward, there's a growing possibility that the real estate market could shift towards a more balanced state. This would mean a healthier equilibrium between supply and demand, potentially easing some of the intense competition buyers have faced recently. Factors like stabilizing interest rates, an increase in housing inventory, and more realistic pricing could contribute to this balance. For both buyers and sellers, this could translate into fairer negotiations, more options, and a less frenzied market environment. While it's still uncertain, signs are pointing towards a market that's less skewed towards either side, offering more opportunities for everyone involved.

Are We Heading into a Balanced Market? | Prescott Area Real Estate If you’ve been keeping an eye on the housing market over the past couple of years, you know sellers have had the upper hand. But is that going to shift now that inventory is growing? Here’s a breakdown of what you need to know.What Is a Balanced Market?A balanced market is generally defined as a...

In 2025, the housing market is expected to see a slight dip in mortgage rates, which could encourage more buyers to enter the market. This decrease in rates will likely lead to an uptick in home sales as affordability improves for many prospective homeowners. Additionally, while home prices are projected to continue rising, the increase will be moderate, making it a more balanced environment for both buyers and sellers. This combination of factors suggests a healthy and active market in 2025, with more transactions and steady, sustainable growth in home values.

2025 Housing Market Forecasts: What To Expect | Prescott Area Real Estate Looking ahead to 2025, it's important to know what experts are projecting for the housing market. And whether you're thinking of buying or selling a home next year, having a clear picture of what they’re calling for can help you make the best possible decision for your homeownership pl ...

Just listed for $305,000!

Welcome to 827 Riverwood St, where comfort meets convenience in this beautiful 2-bedroom, 2-bathroom split-level home. Nestled in a highly sought-after Prescott neighborhood, you’ll love the proximity to top-rated schools, parks, and local amenities. Minutes from downtown Prescott. Step inside to discover a bright and inviting upper level, featuring a spacious living room perfect for cozy evenings, an eat-in kitchen ideal for gatherings, and a stunning sunroom bathed in natural light. Two generously-sized bedrooms and a full bathroom complete this level, offering plenty of space for relaxation. The walkout lower level is a versatile retreat, boasting a large family room perfect for movie nights, a 3/4 bathroom, and direct access to a covered patio that overlooks your private, fully fenced backyard—an ideal setting for outdoor entertaining. The primary bedroom is a true sanctuary with a large walk-in closet, providing ample storage. Notable upgrades include new flooring on the upper level in 2020, fresh flooring on the lower level in 2017, an insulated garage in 2019, and a new driveway apron in 2024. The kitchen has also been thoughtfully updated with a new sink and disposal in 2018. Don’t miss the chance to make this Prescott gem yours. Schedule your tour today and experience the perfect blend of style, comfort, and convenience!

https://www.tonerteam.info/idx/mls-6591703-827_riverwood_street_prescott_wi_54021

With mortgage rates dropping, this is an opportune time for buyers to enter the market. Lower rates mean reduced monthly payments and the ability to afford a higher-priced home for the same budget. It also enhances purchasing power, making it easier to qualify for loans and secure favorable terms. This shift opens up more opportunities for buyers, whether they're first-time homebuyers or looking to upgrade. If you've been considering buying, now is the time to take advantage of these favorable conditions.

What Mortgage Rate Are You Waiting For? | Prescott Area Real Estate You won’t find anyone who’s going to argue that mortgage rates have had a big impact on housing affordability over the past couple of years. But there is hope on the horizon. Rates have actually started to come down. And, recently they hit the lowest point we’ve seen in 2024, according to Fred...

$305,000

Welcome to 827 Riverwood St, where comfort meets convenience in this beautiful 2-bedroom, 2-bathroom split-level home. Nestled in a highly sought-after Prescott neighborhood, you’ll love the proximity to top-rated schools, parks, and local amenities. Minutes from downtown Prescott. Step inside to discover a bright and inviting upper level, featuring a spacious living room perfect for cozy evenings, an eat-in kitchen ideal for gatherings, and a stunning sunroom bathed in natural light. Two generously-sized bedrooms and a full bathroom complete this level, offering plenty of space for relaxation. The walkout lower level is a versatile retreat, boasting a large family room perfect for movie nights, a 3/4 bathroom, and direct access to a covered patio that overlooks your private, fully fenced backyard—an ideal setting for outdoor entertaining. The primary bedroom is a true sanctuary with a large walk-in closet, providing ample storage. Notable upgrades include new flooring on the upper level in 2020, fresh flooring on the lower level in 2017, an insulated garage in 2019, and a new driveway apron in 2024. The kitchen has also been thoughtfully updated with a new sink and disposal in 2018. Don’t miss the chance to make this Prescott gem yours. Schedule your tour today and experience the perfect blend of style, comfort, and convenience!

https://www.coldwellbankerhomes.com/wi/prescott/827-riverwood-st/pid_61205900/

Growing inventory is a significant advantage for today's home buyers. With more homes available on the market, buyers have a wider selection to choose from, increasing their chances of finding a property that fits their needs and budget. This rise in inventory also reduces competition among buyers, which can lead to less bidding wars and potentially lower purchase prices. Additionally, more options allow buyers to negotiate better terms, whether it's the price, closing costs, or contingencies. Overall, an increase in inventory shifts the market towards a more balanced state, empowering buyers with greater choice and negotiating power.

How Growing Inventory Benefits Today's Buyers | Prescott Area Real Estate Some HighlightsWhile the number of homes for sale varies by local area, nationally we’re up over 36% year-over-year, but still down almost 29% compared to what’s normal.​Here’s what that means when you buy: more options for your search, more negotiation power for you, it’s more likely sell...

Let’s break down these common housing market myths.

1. **"I'll get a better deal once prices crash"**

This is a widespread belief, but waiting for a dramatic price drop can be risky and costly. Housing markets are influenced by a variety of factors, such as interest rates, supply and demand, and economic conditions. A "crash" is not guaranteed, and even if prices dip, other factors like rising interest rates could offset any savings. Additionally, inventory may tighten during a downturn, making it harder to find desirable properties. Instead of waiting for an unpredictable market event, it’s often better to buy when you find a home that fits your needs and budget. Over time, real estate generally appreciates, making it a sound long-term investment.

2. **"I won't be able to find anything to buy"**

While it’s true that inventory can be low in certain markets, it’s not impossible to find a home that suits your needs. Working with a knowledgeable realtor can help you navigate the market more effectively. Realtors have access to multiple listings, off-market properties, and can alert you as soon as new homes that meet your criteria are available. It’s also important to stay flexible in your search—whether it’s expanding your location range, adjusting your must-have list, or considering different property types. The right home is out there, and with some persistence and a strategic approach, you can find it.

3. **"I have to wait until I have enough for a 20% down payment"**

The idea that you need 20% down to buy a home is a misconception. While putting down 20% can help you avoid private mortgage insurance (PMI) and lower your monthly payments, there are many loan programs available that require much less upfront. For instance, FHA loans can require as little as 3.5% down, and some conventional loans allow for 3-5% down payments. Additionally, there are state and local programs that offer down payment assistance to qualified buyers. The key is to speak with a lender to explore your options—waiting to save up 20% could delay your ability to build equity and take advantage of potential home appreciation.

Today’s Biggest Housing Market Myths | Prescott Area Real Estate Have you ever heard the phrase: don’t believe everything you hear? That’s especially true if you’re thinking about buying or selling a home in today’s housing market. There’s a lot of misinformation out there. And right now, making sure you have someone you can go to for trustworthy inform...

Just listed!

$389,000

Welcome to N5658 County Rd BB, where your country oasis awaits! Nestled on 10 serene acres within the sought-after Ellsworth school district, this established farmhouse offers endless possibilities for those dreaming of a rural lifestyle and willing to put in the sweat equity. Originally built around 1915, this two-story home exudes character and potential. The main level features a spacious kitchen and dining area with beautiful original hardwood floors, a full bathroom, and a large, inviting living room. Step outside onto the deck or the covered rear deck and soak in the peaceful surroundings. Upstairs, you’ll find three cozy bedrooms, all boasting the same charming hardwood floors. Built in 2016, the impressive 28 x 34 insulated and heated garage is perfect for all your projects and storage needs. The property also includes additional outbuildings such as a silo, storage shed, and hog house, providing ample space for hobbies, storage, or a small farm. This property is more than just a house; it’s a canvas for your dream country lifestyle. Don’t miss out on this unique opportunity to create your perfect rural retreat!

https://www.tonerteam.info/idx/mls-6582239-n5658_county_road_bb_el_paso_twp_wi_54011

As a Realtor, the number one mistake I often see sellers make is overpricing their home. While it’s natural to want to get the highest possible return, setting the price too high can actually work against you. Overpriced homes tend to linger on the market, leading to fewer showings and ultimately forcing price reductions. This can create a negative perception, making buyers wonder why the home hasn't sold and potentially driving down offers. Pricing your home correctly from the start is crucial for attracting serious buyers and ensuring a timely sale at a fair market value.

The Number One Mistake Sellers Are Making: Overpricing Their House | Prescott Area Real Estate In today's housing market, many sellers are making a critical mistake: overpricing their houses. This common error can lead to a home sitting on the market for a long time without any offers. And when that happens, the homeowner may have to drop their asking price to try to re-ignite buyer ...

Choosing a great local real estate agent is crucial for a successful real estate transaction. Here's what to consider:

1. **Local Market Expertise:** A good agent should know the local market inside and out. They should understand neighborhood trends, pricing strategies, and what buyers are looking for in your area.

2. **Track Record:** Look for an agent with a strong history of successful transactions, particularly in your property type and price range. Testimonials and reviews from previous clients can be very telling.

3. **Communication Skills:** Your agent should be responsive, clear, and proactive in keeping you informed throughout the process. Good communication is key to avoiding misunderstandings and ensuring a smooth transaction.

4. **Marketing Strategy:** Ask potential agents about their marketing plans for your property. A great agent will have a comprehensive strategy that includes online listings, professional photography, and perhaps even virtual tours or social media outreach.

5. **Personality Fit:** You’ll be working closely with your agent, so it’s important to choose someone you feel comfortable with and who understands your needs and goals.

By focusing on these aspects, you can find a real estate agent who will effectively represent your interests and help you achieve your real estate goals.

How To Choose a Great Local Real Estate Agent | Prescott Area Real Estate Selecting the right real estate agent can make a world of difference when buying or selling a home. But how do you find the best one? Here are some tips to help you make that big decision as you determine your partner in the process.Check Their ReputationStart by gathering information about agen ...

As a Realtor, it's important to understand that changes in mortgage rates significantly impact your home buying power. When mortgage rates rise, your monthly payments increase, which can reduce the amount you're able to borrow. This means you might have to adjust your budget or consider lower-priced homes. Conversely, when rates drop, your buying power increases, allowing you to afford a more expensive home for the same monthly payment. Keeping an eye on mortgage rate trends can help you make strategic decisions and potentially save thousands over the life of your loan.

How Mortgage Rate Changes Impact Your Homebuying Power | Prescott Area Real Estate If you’re thinking about buying or selling a home, you’ve probably got mortgage rates on your mind. That’s because you’ve likely heard that mortgage rates impact how much you can afford in your monthly mortgage payment, and you want to factor that into your planning. Here’s what you need t...

$399,900

Welcome to 740 Laura St! This beautifully updated 4-bedroom, 2-bath split-level in scenic Prescott, WI is a true gem. The main level boasts an inviting eat-in kitchen, dining room, and a spacious living room that opens to a large front deck—perfect for enjoying your morning coffee. Upstairs, you’ll find three generously sized bedrooms and a luxurious bathroom with a jetted tub. The lower level offers an additional bedroom, cozy family room, and 3/4 bath. The 40 x 28 heated, insulated garage provides ample space for vehicles and storage, plus an extra shed for convenience. Entertain with ease in the partially fenced backyard, featuring an oversized patio. With a new furnace in 2024 and many updates since 2018, this home is move-in ready. A must-see Prescott beauty!



https://www.coldwellbankerhomes.com/wi/prescott/740-laura-st/pid_61097849/

In today's shifting market, there are several compelling reasons to consider making a move:

1. **Variety of Homes**: With an increasing number of homes available, you have more options to find a property that truly fits your needs and lifestyle. Whether you're looking for a cozy starter home or something more spacious, the current market offers a wide selection.

2. **Motivated Builders**: Builders are keen to sell, making it easier to negotiate and potentially secure a brand-new home at a favorable price. This means you could enjoy modern amenities, energy efficiency, and a fresh start in a home that's tailored to your taste.

3. **Lower Mortgage Rates**: Mortgage rates have come down, improving affordability. This makes it a great time to lock in a rate and manage your monthly payments more effectively, helping you maximize your investment.

This combination of factors makes now an opportune time to explore your options and find your ideal home.

3 Reasons To Move in Today’s Shifting Market | Prescott Area Real Estate Some HighlightsThe housing market is in a transition. And that gives you 3 key opportunities going into the fall.There are more homes actively for sale. Builders are motivated to sell, so a newly built home may be more achievable than you think. And mortgage rates have come down from their recen ...

When it comes to buying a home, your credit score plays a crucial role in securing a mortgage. Here are three key tips to help improve or maintain your credit score:

1. **Pay Your Bills on Time**: Your payment history is one of the most significant factors in your credit score. Consistently paying your bills on time demonstrates reliability to lenders and positively impacts your credit score.

2. **Pay Off Outstanding Debt**: Reducing your existing debt can improve your credit utilization ratio, which is the amount of credit you're using compared to your total available credit. Keeping this ratio low signals to lenders that you manage your credit well, which can boost your score.

3. **Don’t Apply for Too Much Credit**: Each time you apply for credit, a hard inquiry is made on your credit report, which can temporarily lower your score. Avoid applying for multiple credit accounts in a short period, as this can be a red flag for lenders.

By focusing on these areas, you can improve your credit score, making it easier to qualify for a mortgage with better terms. Generally, a score of 620 or higher is recommended for most conventional loans, but higher scores can secure better interest rates and terms.

What Credit Score Do You Really Need To Buy a House? | Prescott Area Real Estate When you're thinking about buying a home, your credit score is one of the biggest pieces of the puzzle. Think of it like your financial report card that lenders look at when trying to figure out if you qualify, and which home loan will work best for you. As the Mortgage Report says:"Go ...

"The Great Wealth Transfer" refers to the anticipated shift of trillions of dollars from Baby Boomers to Gen X and Millennials as the older generation passes down their assets. This transfer is expected to significantly impact real estate, with many younger buyers inheriting wealth that could be used for home purchases. It could lead to increased demand for properties, especially in markets where these younger generations are looking to settle down. Realtors should be prepared for shifts in market dynamics, including an influx of first-time buyers with the means to invest in real estate. This transfer may also influence the types of properties in demand, with a potential focus on homes that cater to the preferences and lifestyles of younger generations.

The Great Wealth Transfer: A New Era of Opportunity | Prescott Area Real Estate In recent years, there’s been a significant shift in how wealth is distributed among generations. It’s called the Great Wealth Transfer.Historically, the transfer of wealth from one generation to the next was a more gradual process, often limited to smaller amounts of inheritance or family savin...

When discussing whether affordability is starting to improve in the housing market, there are three key factors to consider: mortgage rates, home prices, and wages.

1. **Mortgage Rates**: Mortgage rates have a significant impact on affordability. If rates are decreasing, buyers can afford larger loans with the same monthly payment, improving affordability. However, if rates are rising, it makes borrowing more expensive, which can reduce affordability.

2. **Home Prices**: Home prices play a crucial role. If prices are stabilizing or even decreasing, it can improve affordability for buyers. Conversely, if home prices continue to rise, it can put homes out of reach for many, especially in high-demand markets.

3. **Wages**: Wages are the third piece of the puzzle. If wages are increasing, buyers may find it easier to afford a home, even if mortgage rates or home prices are high. However, if wages are stagnant or not keeping pace with rising home prices or mortgage rates, affordability can become a challenge.

In summary, affordability is starting to improve if mortgage rates are stable or declining, home prices are leveling off or dropping, and wages are increasing. All three factors need to be considered to get a complete picture.

Is Affordability Starting To Improve? | Prescott Area Real Estate Over the past couple of years, a lot of people have had a hard time buying a home. And while affordability is still tight, there are signs it's getting a little better and might keep improving throughout the rest of the year. Lawrence Yun, Chief Economist at the National Association of Real ...

This year, we've seen a notable increase in the number of homes available on the market compared to last year. This rise in inventory offers buyers more options and creates a more balanced market. Sellers, however, might face increased competition, so it's crucial to position your property attractively. The increase is driven by a combination of factors, including higher interest rates prompting some homeowners to sell and new construction projects reaching completion. Overall, it's a good time for buyers to explore their options.

Are There More Homes for Sale Where You Live? | Prescott Area Real Estate One of the biggest bright spots in today’s housing market is how much the supply of homes for sale has grown since the beginning of this year. Recent data from Realtor.com shows that nationally, there are 36.6% more homes actively for sale now compared to the same time last year. That’s a signif...

Preparing for a home inspection as a seller is crucial for a smooth transaction. Here’s how you can get ready:

1. **Tidy Up and Declutter:** Ensure that the home is clean and accessible. Clear any clutter, especially in areas like the attic, basement, and around mechanical systems like the furnace or water heater, so the inspector can easily access these areas.

2. **Make Minor Repairs:** Address any small issues like leaky faucets, loose fixtures, or peeling paint. These small fixes can prevent the inspector from flagging these items and creating unnecessary concerns.

3. **Check Major Systems:** Make sure that major systems such as plumbing, electrical, and HVAC are in good working order. If you’ve had recent work done, gather any warranties or receipts to show the inspector.

4. **Provide Documentation:** Have documentation ready for any repairs, upgrades, or maintenance you’ve performed on the home. This can show the inspector and potential buyer that the home has been well-maintained.

5. **Ensure Utilities are On:** Make sure all utilities (gas, water, electricity) are on so the inspector can test the systems properly.

6. **Be Prepared to Leave:** It’s customary for the seller to leave the home during the inspection to allow the buyer and inspector to work without any pressure.

Being proactive and addressing potential issues beforehand can help ensure a smoother inspection process and prevent surprises that could jeopardize the sale.

Home Inspections For Sellers: How To Prepare | Prescott Area Real Estate Some HighlightsIf you’re thinking about selling your house, it’s important to know what the home inspection is and what inspectors look for.As supply grows and buyers regain negotiation power, you may find you want to do some select repairs with a good return on investment before listing to get ...

Mortgage rates have trended lower in recent weeks primarily due to a combination of economic factors. One of the key drivers is the Federal Reserve's monetary policy. Although the Fed has raised interest rates to combat inflation, recent economic data suggests a cooling economy, which has led to speculation that the Fed might slow down or pause future rate hikes. This anticipation has pushed down long-term bond yields, to which mortgage rates are closely tied.

Additionally, concerns about global economic uncertainty and a potential slowdown in growth have increased demand for safe-haven assets like U.S. Treasury bonds, further lowering yields and, by extension, mortgage rates. Finally, as inflation shows signs of moderating, lenders are more comfortable offering lower rates. All these factors combined have contributed to the recent downward trend in mortgage rates.

Mortgage Rates Down a Full Percent from Recent High | Prescott Area Real Estate Mortgage rates have been one of the hottest topics in the housing market lately because of their impact on affordability. And if you’re someone who’s looking to make a move, you’ve probably been waiting eagerly for rates to come down for that very reason. Well, if the past few weeks are any in...