Guy Lofts CRS Real Estate Guy in Madison, Wisconsin

Real Estate Guy team is proud to be associated with Keller Williams, one of the most progressive, successful and fastest growing national real estate companies in North America.   Each month they produce a video showing the state of the housing market. 

I could have posted July's but i like this one better.  It shows how a buyer can use Pres Obama's $8,000 tax credit and a 3.5% down FHA program to buy a home and start paying it off extra quickly. 

I also point out that in Dane County - (out side of Madison, Middleton, Monona, Fitchburg and Sun Prairie.)  There are programmes which will allow for 100 percent down financing, and financing in the closing costs. Call the Real Estate Guy team to find out more.

Find out about the tax credit here!

Real Estate Guy team is a team of professional specialists.  We all have our specialty and we are good at that job.  So when you are looking to find a home.  contact us.

Just wanted to express my delight when the team received this testimonial.

"Keller Williams has a "Guy" (Lofts)

Whose limit is the Sky

To help make your RealEstate Transaction

turn out to be your Greatest SATISFACTION!!"

Deloris Tollefson signed 7-13-09

This is what we strive for in every transaction.

Here is a fun photo. I saw this scene the other day, can you see something strange?

Hint, look up on the roof.

If you have ever thought of buying a home on the lake, then this could your best opportunity ever to achieve that goal, in the most cost effective manner ever.

I have previously written about the opportunity in the general real estate market most recently in March 09.

Then I wrote about how the first time buyers were coming out swarming due to the convergence of favorable factors, tax credit, interest rates, inventory and lower prices, and buyes may have missed the bottom

Here is a section of the market which has seen huge drops, but by all indications, the market is still not recovered and therefor represnets great values.

EXPLAINATION

Like anything, if the customer decided all of a product is too expensive, then none would sell.

The same could be for cars. That is why Caddillac reduced it's prices 30% last year.
In residential homes, buyers have choices. Any particular neighborhood can be over priced at a certain time, ie all homes on the market are standing.
This phenomenon is happening with lakefront (or so my interpretation of the above is telling me.)
Lakefront went up sooo high and it has come down. It is still quite a bit higher than off lake. People are still unsure for the economy, and the safer option is to take on less (financial) liability off lake.

THIS MEANS THERE ARE SOME GREAT PRICES OUT THERE!

Check out area lakefront listings here

DOES THIS MEAN PRICES WILL DROP MORE? This is one possibility, but another one is that buyers (as a group) will become ok with the economy and their financial situation and demand will pick up, so they feel better paying lakefront premium again. This has already happened in other sectors of the market.

What do you think?

RealEstateGuy is a top Agent in the Madison Wi Market. find out about selling your Madison area home here

I also had a swarm of showings today before the offer was accepted today.

What does this mean?

In the past I wrote about the buyers market, and why buyers should act back then. This is a fairly accurate reflection of what has happened so I won't repeat it.

Then I wrote about how the market was changing and deals were drying up and how as buyers realize this they will re-enter the market, encouraged/hopeful sellers would stop giving the shop away and markets would tighten up more.

In the Madison Wi market, this has happened in some of our micro markets. more buyers wiping off the distressed deals, emboldened sellers, buyers worried they will lose out.

One thing I think has surprised me is the speed of this. In the Madison Wisconsin (I have to keep mentioning this is a specific market and not all areas are the same). In fact it worries me a little, if we stall out. There is little sign of that now.

So what markets are doing well? Well for a start, the $160-200k is hot! below 250 is pretty good.

Above 500 is slow still. Funnily below $140 is also slow and I have no answer to that, except the buyers can afford something for $160k and $140 is not enough quality.

A final truth, there are still homes that are priced to cause it to sell and those the market deems to be over priced. There is not good competition for well priced homes while the market ignores the others.

Is this causing shortages and price increases? No not in the least. There is still enough inventory, and also a surplus of sellers wanting to move. Putting their homes on the market keeps it supplied.

Good news, as these sellers look to move up, so the activity in higher price bands increases too,

Real Estate Guy has been selling Madison area homes for 17 years. Search for homes in Madison Wi

I don't often see many articles which are different, meaningful and worth reporting on, but this one really intrigued me. My good old English Friend, Personal coach and great public presenter, Matt Anderson who lives in Madison Wi, published this article in his e-zine.

I like this article because it embodies me and my thoughts, many sub conscious, on the role of Play in my life.

Matt says that play is important, yet we often feel guilty for playing. I certainly do.

Matt says the benefits of play are numerous and (i read into this, play is incredibly beneficial for life, work, stress, happiness, networking,

He says it even gomes down to tone of voice. When rested you feel positive and the tone of voice comes across as less needy. I am reminded of the phrase "Work Hard, Play Hard"

I would not have stayed in the business of Real Estate, which is a gruelling and competitive field if I had not decided to take good time off and organize my profession as a business.

Read Matt's article and see how differently you can interpret it.

Matt Anderson's article

real estate Guy is a top Real Estate Professional in Madison Wi, his team helps home buyers and sellers to make good real estate decisions, and hence improve their quality of life. check out the web site. RealEstateGuy in Madison wi