Janesville Wisconsin and Rock County have been hit especially hard by the Recession. The local economy not only reflects the National trend, but was additionally affected by the closing of the Janesville GM Plant, as well as several other plant closings.
But, the last 20 days have shown some marked improvement in Single Family Home Sales:
1. Single Family sales have been more than double in 2009 versus 2008.
2. There have been approximately 39 sales this year versus 19 for 2008.
3. Average Sales prices have actually increased from $123,015 in 2008 to about $130,626 in 2009.
4. Finally, even days on the market improved! From 99 last year to 71 this year.
This is the Most Significant Positive change I have seen all year!
Could we have possibly turned the corner? It might just indicate that prices have bottomed out and are on the rise!
Stay Tuned!
Jerry Morse, CRS, GRI, BBA
jerrymorserealestate@yahoo.com
www.janesvillewirealestatelistings.com
www.janesvillewirealestateforsale.com
Dear Home Owners,
As a Real Estate Broker, I find there are about 200 individual items involved in selling your home.
However, the Process can be broken down into EIGHT Essential Steps:
1. First and most important in this market is SETTING THE PRICE!
Be Realistic! There is a lot of competition out there!
2. Second is EXPOSURE to the Market Place!
We have 48 Ways that we can implement with emphasis on the Internet (87%+or- Start There!)
3. Is Your Prospective Buyer Qualified!
Make Sure they have a Lender Pre-Approval.
4. SHOWING AND SELLING YOUR HOME!
First Impressions are important! Consult with your Real Estate Professional about Staging it.
5. Got some interest! FOLLOW UP IS IMPORTANT!
Get the Buyer to act while their interest is highest.
6. Sixth is NEGOTIATING!
Buyer's today are looking for a Bargain! Carefully analyze each and every Offer.
7. FINANCING!
It is not as easy today as it was last year or the year before. Make sure Buyer follows through.
8. CLOSING THE TRANSACTION!
Your Real Estate Professional can be invaluable! Once you have received an accepted offer, you're
only half way to a closing. Contingencies, inspections, appraisals, title work, and time lines have
to be met.
Finally, turning over the keys and picking up your proceeds check, is usually the most fun!
HAPPY SELLING!
JERRY MORSE, CRS, GRI, BBA
THE MORSE COMPANY
jerrymorserealestate@yahoo.com
It appears that the $6,500 Tax Credit may not require that you sell your existing home.
Of course, your new purchase must be for your principal residence, but you may be able to keep your existing home as an investment. Selling your current residence probably is not necessary, as long as the 5 of 8 year requirement and other requirements of the Tax Credit are met!
Stay Tuned!
Jerry Morse, Broker
The Morse Company
jerrymorserealestate@yahoo.com
www.janesvillewirealestatelistings.com
www.janesvillewirealestateforsale.com
HOMESELLERS: PRICING AND STAGING ARE VERY IMPORTANT!
TO GENERATE A SALE FOR THE MOST AMOUNT OF MONEY IN THE SHORTEST PERIOD OF TIME, YOU MIGHT TRY THE FOLLOWING:
1. Listen to your Real Estate Professional and price it competitively up front! Today's Buyers are all looking for Bargains. Don't Sacrifice, but price it right.
2. Staging your Home is important. So, after you list it for sale and the marketing has started, hold off on any showings until you have it completely ready to show. (Perhaps, 1-2 weeks)
3. Make that first showing date, the Date of the First Open House!
4. This will probably be the most traffic you will ever experience, so be ready to negotiate offers.
Call me about the "48 Ways I can Expose your Home to the Market Place".
Jerry Morse, Broker
The Morse Company
Licensed in Wisconsin
jerrymorserealestate@yahoo.com
1. Hire a Real Estate Professional to act as your Exclusive Buyer's Agent.
2. Have that agent prepare a Current Market Analysis.
3. Ask the Seller to Provide you with a Home Warranty on the home.
4. Have a Home Inspection done by a Professional Home Inspector.
5. Have a Separate Home Appraisal Contingency in the Offer in addition to any Financing Contingency.
6. Have a Separate Insurance Contingency in the Offer.
7. Have Other Professional Inspections for probable problems (Heating Systems, Radon, Termites, etc.).
8. Review any Seller's disclosures carefully.
9. Have legal representation to review your documents and the Title Search.
10. Keep Focused! Don't Miss Any Deadlines!
EACH TRANSACTION IS UNIQUE! GET AN EXPERIENCED AGENT AND FOLLOW HIS OR HER ADVICE.
JERRY MORSE, REAL ESTATE BROKER
THE MORSE COMPANY
jerrymorserealestate@yahoo.com
www.janesvillewirealestatelistings.com
www.janesvillewirealestateforsale.com
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