Guy Lofts CRS Real Estate Guy in Madison, Wisconsin

In a sellers market, any old agent, part timer brother in law could muddle through and sell a home.

This unprofessional ism in the marketplace has reduced the public's view of the profession to the point that sellers have been thinking the can do just as good a job, and trying on their own. Indeed, when the market was good, unrepresented selling was quite successful, in Madison Wi.

HOWEVER, this market is different. The Realtor has to do a top job of communicating what is required to get the home in great shape. To coordinate the timing of the listing with all the homeowner's preparation, to provide advice on contractors, staging, pricing etc. Kay Barker has a great article on home prep

It basically comes down to 2 things. Price and condition.

The Agent needs to convince seller to price right and get the property ready. This may mean convincing a home owner to reduce their expectation by tens of thousands. That their best interest is served by this advice. This news is tough to swallow, but if that agent does not succeed, then the seeds for failure are sown. In the next six months, agent will be upset at seller, seller at agent.

It is no longer any good to take a listing at a higher price and pray it sells or have the seller agree to reduce the price. From what I've seen, homes aren't selling after the first 45 days.

Price and condition from the outset of the listing are critical, because the most buyer motivation surrounds a fresh listing.

Negotiations.

Once an offer is received, a professional will ensure that the offer becomes accepted. These days it is so easy for buyers to walk. This is where a top agent starts to be worth their weight in Gold. Real Estate Guy has an incredible record at working offers through to agreed contract.

Contract to close!

The need for a professional is just as acute after the acceptance of an offer. Many times, our team have saved a deal from the precipice. Inspection, financing, are the two most common reasons for problems, but by no means the only ones.

Real Estate guy does all it can to ensure a deal closes. an example, on Tower Rd in September. We took a listing which had been on the market for 6 months with another company. After securing an offer within 1 week, the buyer had an inspection and threatened to walk. We went after the other agent and coached them to challenge the buyer to return with a proposal. We closed a month later.

The ordinary agent wouldn't have done that.

Remember your real estate is too valuable to trust to a part timer, or anyone but the top agents.

Real Estate Guy in Madison Wisconsin takes selling your home seriously. We keep educated and up-to date on trends and the market. Find homes for sale in Madison Wi

According to Baylor University, The Keller Center has reported a study amongst economists as to when house prices will stop falling. The research asked 840 economists for their predictions.

74% of those responding, said by Q4 of 2009. And 96% by 2010.

Read the article here

The same respondents did not see major price increases. possibly 10% in 5 years, or 2% a year.

AThe study also touched on the issue of timing the market, and when it is right to buy a home.

It advises against market timing and the best reason to buy a home is when you are financially ready at the correct life stage.

Again read more here

Real Estate Guy is a top professional in Madison Wisconsin. Specializing in helping people get homes sold in tough times.

Realtor.com traffic helped by featured listings. I recently signed up for featured agent on Realtor.com. after many years of thinking it was too expensive, traffic was not very good, that they had fsbo's on the site. that our own MLS, Wisconsin homes.com was stronger locally. All were either totally false or partially incorrect.

Anyway, I also took afeatured listing spot in the zip code 53704. A few days later I came back for 53718.

This was at the beginning of October. Look at the results. Viewings on my listings jumped almost 10 times from Sept to Oct. November is on target for 40,000 again as this was a figure from mid month.

Have, I seen a sale from this. Possibly. I sold a listing just after having it as a featured home, although the buyer came with another agent.

Another benefit. You can link your virtual tours to Realtor.com for free and automatically, is you are a featured agent. Certainly something I would recommend looking at for next year's budget.

Proud to be a citizen.

It may surprise some of my friends, that after all these years, I underwent the naturalization process and became an American citizen.

Last Thursday, the 30^th, I completed the process by being sworn in in Milwaukee. Something about that date? I squeezed in just before the election, and with same day registration, I was able to vote.

Proud to vote for change. And even more so that the country made the change in direction.

I know this election, as any has been very polarizing. I have many friends who are dismayed thinking the country will fall apart. (funnily enough the same who don't think it has already.)

However, I am extremely confident, as a business man that we will be in steady hands. Mr Obama is an incredibly intelligent, visionary leader who will work for the betterment of all Americans.

Real Estate Guy Team is a full time dedicated team of professionals going to bat helping buyers and seller clients achieve their housing goals.

Believe us in this market this is not something any old part timer should be trusted with.

But here is the secret of the moment.

Homes that are selling are selling within 30 days of listing, or not at all.

Here is the truth, homes are either priced right or they are not. The buyers who are serious are waiting for the next home and are picking through homes as they are listed. It is at this time that buyers have the greatest urgency to act on their home.

Once this initial time has passed, the home is waiting for the next motivated buyer, who is asking, "why is this still on the market"

The National Association of Realtors has done statistics to the relationship of time on market and eventual sales price.

I am positive sure this does come from the NAR directly, but this is the type of results they have found if not.

You will see that if a home is on the market for example 150 days, then the achievable sales price is a full 8.5% lower than list price.

We are finding price reductions sometime do not have the effect of a right priced home. This is a change from the past.

When you next put your home on the market, make sure you price it right and hire a professional who is taking this market seriously.

Real Estate Guy sells homes in Madison Wi. www.RealEstateGuy.Net, search for homes in Madison, Wi