“World's Most Complete Neighborpedia”
Explore:   What's happening in your neck of the woods?

Rudy McCormick

Watertown, Wi - TAX CREDIT SPURS only segment still moving.

Some time ago a not so famous segment posted on my facebook wall to hurry up and take advantage of the first time buyer tax credit before it expired. I commented that there is no way they can let this program expire in its current form as this is 50% of the already weak market. If you don't think this market is weak your nutso and if you don't admit it your a liar. Anyway about a year ago this month I had been a part of an article for the Milwaukee Journal regarding the market and how soft it was last year. In the area I had been working ( Wisconsin Dells Real Estate, Lake Delton Real Estate, and the surrounding areas) most of the transactions that were taking place were either cash sales, short sales, or foreclosure sales. I would say that was the largest segment of the market at about 30% of the closing sales. Today I am no longer active in selling properties, I cannot properly work for a seller while the market, the government, and the banks all work for the buyer. That is another story all together. I did, however read a post that suggested that over 50% of the sales are either short, or forclosure sales. So technically speaking if you take the cross section of that 50% you get to see pretty clearly a number of things.
The first thing I see in this market is that if the largest section of the market is distressed then you have to ask " who buys distressed properties?" , and the answer is first time buyers...Investors looking to buy rental properties..and a very small percent will be upgrading their homes.
So if you think the fed would allow the largest section of the market to just vanish along with their borrow from Peter to pay Paul program, once again I think your nutso.

There is one segment that continues to be steady, stable, and pretty much neutral in terms of value. Recreational property, yes land and farms are still chugging along at their own pace. This segment will outshine other areas in real estate due to its unique position. You can hunt on a wooded parcel, camp, and do a lot of things other than pray for your investment dollars to explode. So to make a long story short, I told ya so and I will do it again very soon.

Amazing new product will be released soon

Do it yourself SEO?? Yes, its going to be very possible very soon for realtors to do SEO for themselves and actually be able to follow a step by step program. MWM, a Wisconsin Search Marketing entity is putting together a program where people can actually do their own SEO and Web Marketing .

This program will not be for everyone, and will be initally by invite only. If your interested in this SEO program which is only offered through MWM, shoot me a message and I will get you the details once they are available.

Happy selling !!

Rudy

Who cares what the Feds say?

It looks like the fed is trying to say we are near the bottom of the real estate market, what do you think? Honestly I don't see it, although we rarely do before we are truly past it. Detecting the bottom of the market would in my opinion could include things like less foreclosures, a better stock market, less unemployment, and the list continues. What I have seen is quite another story, in fact if unemployment gets any worse we will all be without work.

I think to try to stay positive is very important in this struggle for life and death. Staying realistic will keep you headed down the path to recovery, however. Postitive attitudes are great but so many people in real estate try to extend postive perception with dishonesty and lies. I think that just the fact that people are doing everything possible to sell their listings is very honorable, but to lie about the market is just unethical. It happens way too much today and I think these are the same people who time and again do things like badmouth competition, work in the "grey" in terms of agency law, and just plain dont give a rip about anything other than the next commission check.

Ethics will help us recover from this mess. Dishonesty is only going to mask the core issue and continue to breed false hope. I believe that our economy is going to improve and I hope very soon ( see I am positive ), but believing it or proclaiming it for the sake of getting that next deal is just plain wrong.

Real estate is not just a job, its an adventure.

http://www.propertyinwisconsin.com

http://waterstone.propertyinwisconsin.com

http://seo.propertyinwisconsin.com

http://castle-rock-lake.forumotion.com

Today in Real Estate

Today as I am reading my daily dose of real estate news and things like that I came across a post that kind of ticked me off. Some old lady broker from the east cost who insists that agents cannot become professionals at anything else. In fact her blog post cited people who had been in real estate and how dare they consider themselves experts at things like motivation, SEO, Marketing, and copy law.

Well here is my take on that, being a 10+ year pro-agent who has decided to take a pass on the current situation that bankers, the gov, and real estate professionals have gotten us into, I have focused on SEO as a career. I have been doing organic SEO for the better part of 15 years, basically since the beginning. I have been certified and have several happy clients to stand for. That is not my issue with the post.

What is wrong with this post, coming from a so-called pro. She should realize that inside every SUCCESS a realtor has in this business there is some side talent or skill that the professional either learns or has honed along the way. In my 10+ years I must admit I have mastered the art of quite a few local trades, marketing, SEO, negotiations, public speaking, fund raising, and have become a professional writer, photographer, map reader, and others. So many people don't know or understand what it takes to be successul in real estate, and positioning with such crap really ticks me off coming from a broker.

In the end there will be those who have been honest, respectful, and right...and those who wished they were.

http://www.madisonmlshomes.com

http://www.propertyinwisconsin.com

http://www.vickiscc.com

http://seo.propertyinwisconsin.com

http://castle-rock-lake.forumotion.com