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Area supply of homes for sale still low

Posted Wednesday, January 15, 2013 ---- 5:45 p.m.

Traditionally, the summer is the popular time for moving; the kids are out of school, the weather is nice. But if you're planning to buy a home this year in Dane County, you may want to start looking sooner rather than later.

It's definitely a seller's market right now, some seeing multiple offers in just a few days. Experts say buyers need to act quick and smart.
Supply is down and some sellers are taking advantage. "We definitely have a shortage for all of the buyers out there," said Melissa Hanewicz with First Weber Group. In fact, November was the lowest supply of homes in Dane County in seven years, and those are going quick. Hanewicz added, "days on the market is generally 3 to 3 1/2 months."

Some like this one in Verona. "What appeals to buyers right now is a place for families, teens, the man cave to watch the games," said Sarah Deischer from First Weber Group. It's expected to sell quick with multiple offers. One main reason, lack of competition nearby.

"Verona has in the $450,000-$550,000 price range only two other competitors for this home. We're in a great position to sell this home quickly," explained Deischer.

Local realtors say homeowners looking to put their property on the market should act fast. "Doing it sooner than they may have otherwise considered could be a benefit for them so they don't have a lot of competition," adds Hanewicz.

If you're looking to put your house on the market, experts say there are some simple things that you can do to help your chances. De-clutter every room in your home and if you have multiple or bright colors on the walls in any room, those will need to be repainted.

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