Photos from Guy Lofts CRS Real Estate Guy in Madison, Wisconsin
Historical intersection. Modern restaurants and drinking establishments.Located in: Marquette (Madison, WI)
Real Estate Guy is reporting the national annual home permits issued as follows. (permits is as close as we can get to home starts, the number of new homes being built.)
single family homes, numbers in thousands
1960 National 745 Midwest 171
1970 647 148
1980 710 108
1990 793 165
2000 1198 245
And the more recent years.
2004 1613 295
2005 1682 278
2006 1378 209
2007 979 153
2008 575 93
2009 441 75
2010 447 75
Wow!!! See the drop. The peak year was 2005. 2009 and 2010 starts were just 25% of the top years. Certainly the lowest in this time frame.
We can see that builders are having a terrible time. So what does this mean to the Housing market?
In a market which is flooded by an abundance of housing for sale, and foreclosures and short sales coming out of the woodwork. Taking away the competition and adding of the extra supply from new construction reduces the pool of homes for sale. It helps keep the market balanced. It will lead to a speedier recovery. A speedier recovery means good news for prices and sellers and the economy too.
However, beware. It will also leave us short of housing stock down the road, and this can lead to accelerated housing inflation.
http://wi-realestateguy.blogspot.com/2012/01/low-homes-starts-mean-faster-housing.html
Why wait to upgrade to a larger home? There is no better time.
Visiting a potential client, today, we discussed their plans, and whether the time was right for a move.
First we discussed the purpose of the move to determine if the move is necessary, the answer was no.
But the key for this couple, and of course many others is whether now is a good time financially.
First question that surfaces can we sell our home. Answer, of course, homes are selling, but only the homes priced competitively and staged well.
We ran some numbers to demonstrate how a move could look, both now and in 3-5 years time, or when homes have increased by 15%.
|
|
Sale Price $ |
Loan/equity($k) |
interest |
Payment $/mo |
|
Sale now |
175,000 |
120/40 |
6.25% |
1040 |
|
Buy now |
250,000 |
210/40 |
3.5% |
943* |
|
Sell 3-5 yrs (15%increase) |
200,000 |
110/75 |
|
|
|
Buy 3-5 yrs |
290,000 |
215/75 |
6.25% |
1323** |
Assume: interest rates and prices go up from where they are. Search all area homes for sale Madison Wi
The scenario is just an illustration of someone buying up about 40% larger home- this is quite typical.
*the monthly payment – just mortgage – if a move was made now would be $943, actually lower than current payment.
** if move is delayed till home prices return, payment will be $1323 for the very same home. Interest rates will be higher too.
Final point to make. You will need to sell your home at a cut price, in order to take advantage of a cut price home.
Does this give you an incentive for moving your family now?
first posted http://wi-realestateguy.blogspot.com/2011/12/upsize-your-home-now-there-is-no-better.html
To all of past and current clients of the RealEstateGuy Team, to vendors and people with whom we do business and anyone who knows us personally.
Place a recommendation or testimonial on one of the following pages.
Here are the sites:
We will be sifting through the postings and selecting one entry for a prize for $100. A gift certificate to a local establishment (Restaurant or shop) of the winner's choice.
We will be selecting from all entries, but a good weighting will go to the best posting, and originality will be extra weighted.
A big Thank you for doing this. Expect a winner to be selected in January. Hurry do it now!! Multiple entries ok on separate sites.
Don't forget, the finest compliment We can receive is a referral of one of your friends, family or colleague who are looking to move.
3 great reasons to buy a home in Madison Wisconsin- NOW!!!! Pronto!
All graphics, thanks to KCMblog.com
Our proposition is that not all people are ready to buy a home right now, but if you and your family are in a position to and you will be there for 3-5 years, then we see very little downside to buying a home in Madison. Infact if you buy a home now, you will see many upsides.
First reason: This graph shows how the market has phases, It explains that when fewer people are buying and sentiment is low, is exactly the time to make your bargain. Don't wait till optimism or you will see price inflation.
Reason 2 to buy a home now!!
Join a class of people who have statistically more net worth.
And reason 3: What ever has happened to home prices, homes are still the best place to invest. (besides the family values). Invest $10,000 in 4 places, 10 years ago and the real estate investment is still far and away the best at 40%.
There are other reasons to buy a home, you can order our book for FREE!
click "YOUR FIRST HOME"
to read more on the whys and then move into the hows of buying a home and how the Realtor can be your values partner.
first published http://wi-realestateguy.blogspot.com/2011/11/3-great-reasons-to-buy-home-now.html
s it cheaper to Rent or own a home and the Madison, Wi, area?
A great question that we often hear. RealEstateGuy team felt it worth consideration and a blog post.
This calculation does NOT consider the Tax implications of home ownership, and the appreciation aspects, both of which have traditionally made home ownership a no brainer. This exercise hangs on the NOW aspects, dollar in the pocket.
This exercise does take in the face that rental prices are rising, and interest rates are historically low.
I found an actual home listed for rent on Craigslist. Rent does not seem unrepresentative of the West Madison area/size at $2000 a month. see the CL listing below.
Now the home had been for sale on the market for 6 months at $350k, Let's calculate a mortgage with a 20% down, That would be $280,000 and the interest rate 4.25 on a 30 year.
payment $1377, plus taxes and insurance $600. that is $1977. Cheaper? yes! significant? No!
However, let's look at the home, The assessment is $311k. The home did not sell because it was high. I'd suggest fair market more around $300,000. This would be the price that a similar home (not necessarily this one) would actually sell for.
Repeat the above calculation on a $240,000 loan = $1180, plus 600 taxes & Insurance = $1780.
This is a great example, though not statistical proof, that home ownership is indeed a way to go.
Read this great article.
Is now a good time to buy a home?
Look for homes for sale
 |
|
|
Harness our teams 50 combined years of Real Estate. Improve your life through real estate. We will help you make knowledgeable decisions, have fun and get you moved. http://www.RealEstateGuy.net
**One Touch home searches, Madison area. convenient, Easy! Select & click!
If you are considering a buying a home in the Madison Wisconsin Area, try these easy ready made searches.
And Follow our Page of searches for Verona Wisconsin, Homes for sale Verona Wi
RealEstateGuy Certifications and Recognitions
Guy's Personal Background
I was born and grew up in England, gained a BSc graduate degree in Horticulture and a Masters in Business. I was a competitive swimmer and water-polo player. I also played those thoroughly English sports, Cricket, Soccer, and Field Hockey. In 1982, while in Madison on a university work exchange program, I met Lucy Jenkins.
After a transatlantic romance we married in 1986. We continued to visit this great city until moving here in 1992. After 8 years as an east-sider, we moved to a pleasant rural Verona neighborhood. We have one child, a boy named Christopher born 11-03-2002, and 2 cats. Over the last few years I have become active in Masters swimming, initially for health reasons, but increasingly to satisfy the competitor in me, I participate in competition.
Guy has created a team of experts who are good in their speciality, trained to get better at just a small aspect of the business. team includes a buyer agent(s), assistant(s), and a telemarketer/phone sales specialist, while Guy is the Marketing and negotiating specialist. He has taken up preforeclosure, short sales and has a 100% record of arranging this type of transaction.
Since 1993 I have enjoyed helping clients make great Real Estate decisions, over 500 I believe. So much so that success has pushed me to grow a team of specialists, all trained to provide my clients the level of service i would myself.
I have had fun and made some awesome friends along the way, but the best times have been discovering this new Company called Keller someone? I was instrumental in bringing it to Madison, indeed Wisconsin. Little did I know that my life would be changed quite so dramatically.
When I visit a national KW event and hear the national trainers- as I do as frequently as possible-, top agents sharing their secrets, even the leaders of the company, I am awed by them. It makes me strive to be better. I am constantly challenged to be a better person, a better leader.
My career is heading up, up, up. I am learning about other ways of wealth building, I am certainly a better Consultant with my Clients, and a far better leader than I ever dreamed possible at my old company. In fact my life is now a constant search of personal growth.
If you are truely interested in creating a life, in which Real Estate is simply way to fund it. And you want to learn how this is possible. Get in contact with me.
What our clients are saying about us
"Guy Lofts and his team of professionals should be the standard example of Real Estate Agents. The level of personal attention and sensitivity to the client experience is unprecedented. The bottom line is that Guy was able to get selling results in just 3 days!" Jalon Hawk
"I can't believe how quickly Guy sold our home. We were trying to sell ourselves for 5 months before handing it to Guy. We received an offer with in 2 weeks of listing, had it accepted the next day. Guy handled the whole transaction, including a tricky bump, and he helped get us moved." Bill and Cheryl Byers
I've been saying "Holy Cow" a lot lately. This house stuff is really big and I owe heaps of thanks to you for your help. Everything they've been saying about you is true.
And after closing:-
Every step of the way, you were 2 steps ahead. There were no surprises or shocks. You were competent and trustworthy.
I felt like I was your only customer at the time - you were always on top of things. Ruth Ellickson
Guy you were "awesome", (to use our 6 year old's words) we quickly came to trust you and we couldn't have made a better choice in agents, answering our questions thoroughly and calming our fears. Is there a higher rating than excellent? Lisa and Chris Hindle
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2012 ActiveRain Corp. All Rights Reserved
