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Guy Lofts CRS Real Estate Guy in Madison, Wisconsin

Keller williams overtakes Remax as #3 in USA.

I wrote a blog predicting this news a couple days ago Realestateguy's blog

and I received some interesting comments. But now I actually have details I thought I would write another article to comment.

Yes KW has gone ahead of Remax in agent count. Not because of KW growth, more so that Remax slipped 19% to 69,000 and Kw just 7% to 72,000. Based on realtrends reporting.

One comment was belittling the idea that size matters (hmmmm heard that before!)

Actually, I agree, size of company doesn't really matter, but the contect of this milestone for Keller Williams is huge.

As a company who had just 11,000 agents in 2002 v's about 100,000 for remax. Keller Williams is growing. Infact, only one other national company grew at all since 2004.

My main point is that Keller Williams is doing relatively well because of it's models, systems and tools, which are supporting agents and helping bring over top agents who are recognizing they need help in this tough market.

KW international is debt free. It alone profit shared $2,000,000 with its employees. And the system profit shared $30,000,000 last year.

KW again has announced a long line of industry leading tools to be rolled out over the next year.

I maintain my opinion that I am with the absolute best company. No doubts. Wish I could convince you!

Real Estate Guy sells homes with Keller williams in Madison wi

ps As for Customer being #1, yes I agree, but the tools training will help us to get in front of them and to be better for them when we do.

I just received some extra stats. That Kw also made ground in total number of sides, and therefor sides per agent. And market share improved 161% between 2003 and 2007.

The time to buy real estate now. Reasons to get serious now!! And the cost of waiting.

In my home market of Madison wisconsin i often get asked questions like, is it the bottom of the market? should I buy now of wait for...? (you add the end of your choice.)

If this is a home for you and your family, you are financially ready and you are ready to stay for 5 years, Absolutely. Yes

Here are some very compelling reasons to buy NOW!

  • Interest rates at record lows - make for incredibly monthly payments. Creative finance tricks can make payments even better!! real estate guy's blog
  • Intentory - lots of choice
  • buy at 2004 prices
  • Obama's tax credit of $8,000 now refundable
  • sellers are in a mood to negotiate
  • you can not time the market.

So here are some answers to common questions.

  1. I want to get the bottom of the market. I say, If you can time the market, i want you to tell me about the stock market too. No you can not time it. Infact when you know the market has changed, so will all buyers, who will be out in force, and all sellers who will be less likely to deal!In other words by the time you know the market has bottomed, it will be too late.
  2. Wait for? A better home, a better home will always come up, why not buy both? It is a great time to buy. - rates to come down. The word from experts they are more likely to go up. a 1% rise in rates will cost you an additional $2700 a year for a $300,000 loan. or 27,000 in 10 years. to the bank.
  3. If prices do drop further, a possibility, but I do not believe they will in Madison wi. If you are to live there until 2016, they will be up by then.

QUESTION? What item do you buy and it appreciates as you use it? (or at least has the chance of)

a car? a DVD player? I phone? sweater? dishwasher? Real Estate?

If you really want to make a truely good move for your family, Real Estate Guy will not only help you find it, but give you the coaching to ensure you make a good decision and enjoy the process.

Real Estate Guy can help you in the Madison Wisconsin area. Sign up here for a free book "My first home" on our web site and click the first home box.

Stimulus Package, what could it mean in Madison Wi

Real Estate Guy is happy to announce a valuable proposal in the Stimlus Package.

I stress it has not been passed yet. However it is likely to be passed soon.

If passed here are some main features.

  • 15,000 home buyers tax credit. not just first timers, but must be a first home.
  • interest rate of 4-4.5% for purchases. (Equivalent to $400 a month)
  • Loan modification - should greatly reduce the amount of foreclosures by helping struggling homeowners.

Go here for details

How does this affect the market?

Real Estate guy has made some simple predictions - very simple

It is very likely that in a market that seems to be pretty well ready to recover-Madison- that this will push buying activity up dramatically. This has the power to alter the balance of the market overnight.

Why so quickly.

Anyone smart will figure out this will increase buyers. Buyers will jump in to snap up the homes. But sellers will immediately hold out for more $$$. Lower proportion of foreclosures will stop the downward drag on prices and banks will stop cutting deals.

So What?

Buy now!! There are still some bargain homes on the market. Once they are cleared from the market, they will not be replaced.

What about Supply?

Supply of homes will still be plentiful however because there is a large number of sellers holding off. Also the passing of the stimulus will encourage more people to make a move. Hmmmm, I'm tempted!! $15,000 and 4%?

Real Estate Guy sells homes in Madison Wisconsin.

Homes for sale in Madison Wisconsin.

Educate and motivate your buyers

This 3.5 minute long video is a great way to pursuade your buyers that now is the best time to buy.

It covers the market, affordability, market timing,

http://www.youtube.com/watch?v=p7Dh3rZTEyg

Produced by Keller Williams, it is agetn focusses generic of company so anyone can use it.

Real Estate Guy sells homes in Madison Wi

Madison Wisconsin and Sun Prairie, Home Market activity report

market update, ratios of housing inventory to activity

My Team keeps a bi-weekly record of all Active homes (homes on the market) and those which have gone under contract in 4 market areas; Madison West, East, Sun Prairie and Condos in Madison.

I devide the under contracts into the inventory and get some measure similar to market adsorption. This is Realtor speak for number of months inventory. It is more closely, for every offer the buyer had x homes to chose from.

So the higher the point, the more homes available- not a good thing. Sun Prairie, in red, looked a bit scary before the end of 08?

As you can see, I have data right up to Feb 3rd. Today, I can tell what the market is doing since the beginning of last year- more importantly this year, when so many things are influencing the market that we are really unsure what will happen. I left my crystal bell at home today!!

You can see things are getting to a reasonable point between 6-8. This is a reasonable ratio, but still a buyers market. I think it indicates a good buying time.

Real Estate Guy helps people in the Dane County area to make good real estate decisions to improve their quality of life. find homes for sale in Madison Wisconsin