About Rock County, WI

Janesville Wisconsin and Rock County have been hit especially hard by the Recession. The local economy not only reflects the National trend, but was additionally affected by the closing of the Janesville GM Plant, as well as several other plant closings.

But, the last 20 days have shown some marked improvement in Single Family Home Sales:

1. Single Family sales have been more than double in 2009 versus 2008.

2. There have been approximately 39 sales this year versus 19 for 2008.

3. Average Sales prices have actually increased from $123,015 in 2008 to about $130,626 in 2009.

4. Finally, even days on the market improved! From 99 last year to 71 this year.

This is the Most Significant Positive change I have seen all year!

Could we have possibly turned the corner? It might just indicate that prices have bottomed out and are on the rise!

Stay Tuned!

Jerry Morse, CRS, GRI, BBA

jerrymorserealestate@yahoo.com

www.janesvillewirealestatelistings.com

www.janesvillewirealestateforsale.com

Dear Home Owners,

As a Real Estate Broker, I find there are about 200 individual items involved in selling your home.

However, the Process can be broken down into EIGHT Essential Steps:

1. First and most important in this market is SETTING THE PRICE!

Be Realistic! There is a lot of competition out there!

2. Second is EXPOSURE to the Market Place!

We have 48 Ways that we can implement with emphasis on the Internet (87%+or- Start There!)

3. Is Your Prospective Buyer Qualified!

Make Sure they have a Lender Pre-Approval.

4. SHOWING AND SELLING YOUR HOME!

First Impressions are important! Consult with your Real Estate Professional about Staging it.

5. Got some interest! FOLLOW UP IS IMPORTANT!

Get the Buyer to act while their interest is highest.

6. Sixth is NEGOTIATING!

Buyer's today are looking for a Bargain! Carefully analyze each and every Offer.

7. FINANCING!

It is not as easy today as it was last year or the year before. Make sure Buyer follows through.

8. CLOSING THE TRANSACTION!

Your Real Estate Professional can be invaluable! Once you have received an accepted offer, you're

only half way to a closing. Contingencies, inspections, appraisals, title work, and time lines have

to be met.

Finally, turning over the keys and picking up your proceeds check, is usually the most fun!

HAPPY SELLING!

JERRY MORSE, CRS, GRI, BBA

THE MORSE COMPANY

jerrymorserealestate@yahoo.com

www.cometowisconsin.com

www.themorsecompany.com

It appears that the $6,500 Tax Credit may not require that you sell your existing home.

Of course, your new purchase must be for your principal residence, but you may be able to keep your existing home as an investment. Selling your current residence probably is not necessary, as long as the 5 of 8 year requirement and other requirements of the Tax Credit are met!

Stay Tuned!

Jerry Morse, Broker

The Morse Company

jerrymorserealestate@yahoo.com

www.janesvillewirealestatelistings.com

www.janesvillewirealestateforsale.com

www.janesvillehomesellers.com

HOMESELLERS: PRICING AND STAGING ARE VERY IMPORTANT!

TO GENERATE A SALE FOR THE MOST AMOUNT OF MONEY IN THE SHORTEST PERIOD OF TIME, YOU MIGHT TRY THE FOLLOWING:

1. Listen to your Real Estate Professional and price it competitively up front! Today's Buyers are all looking for Bargains. Don't Sacrifice, but price it right.

2. Staging your Home is important. So, after you list it for sale and the marketing has started, hold off on any showings until you have it completely ready to show. (Perhaps, 1-2 weeks)

3. Make that first showing date, the Date of the First Open House!

4. This will probably be the most traffic you will ever experience, so be ready to negotiate offers.

Call me about the "48 Ways I can Expose your Home to the Market Place".

Jerry Morse, Broker

The Morse Company

Licensed in Wisconsin

jerrymorserealestate@yahoo.com

www.cometowisconsin.com

www.themorsecompany.com

The latest numbers for Residential Real Estate for Rock County Wisconsin show that Home sales in the last Quarter increased about 6% over 2008. Prices actually declined 6% in the last Quarter in 2009 compared to 2008.

However, since the number sales increased, it may be an indication that prices are reaching the bottom.

With the New Tax credit extension for First Time Buyers including provisions for current Home Owners, it is likely that prices will stabilize or even increase slightly in the next 6 months.

Now is the time to Buy!

Contact Me for Details!

Jerry Morse, Real Estate Broker

jerrymorserealesate@yahoo.com

www.janesvillewihomesellers.com

www.cometowisconsin.com

www.janesvillewirealestatelistings.com