ARCHIVED BLOG POSTS
2010
4
Comments
I've been asked this question two times in the past several weeks and both times my answer was a clear "no". Six years ago anyone could flip a house. Sales and prices were rising quickly, and the "flipper margin for error" was very large. Back then the market was so hot a flipper's investment wou...
08/31/2010
5
Comments
Talk of another tax credit was revived last weekend and is making its way around the internet this week. Here are 3 things we can count on if another tax credit is implemented in the coming months: The tax credit will boost sales, but it won't impact the market to the extent that the most recent ...
08/30/2010
5
Comments
Is now a good time to buy a home? The salesperson will provide an answer along the lines of this: "It's a fantastic time to buy. Interest rates are low. Selection is high." The salesperson tells you what you want to hear. Regardless of your target market and your personal circumstances, the answe...
08/30/2010
1
Comments
Dane County home and condo sales will be down significantly from August of 2009, but not to the extent that they were down in July (sales were down by more than 50% last month). We expect August sales to be lower by 30 to 40 percent. This will be a small step in the right direction. When home and...
08/29/2010
In February of 2009 I posted an article about the dangers of pricing behind the market. In the article I provided a real life example of a Madison home that at the time had been on the market for 39 months. The home originally went on the market for $429,900 in November of 2005. It finally sold l...
08/27/2010
2
Comments
One of the reasons we have been emphasizing aggressive pricing is we expected a big increase in negative housing news with the July release of the National Association of Realtors existing home sales report. That happened yesterday. July existing home sales were down 25.5% from last July and down...
08/25/2010
1
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This immaculate 4 BR/2.5 BA home at 2810 Hollyhock St in Fitchburg's Swan Creek subdivision is loaded with upgrades and is now available for the fantastic price of $372,900. See this video and this panoramic tour for an up-close look. View this PDF for more on this home's many fine features. You ...
08/24/2010
4
Comments
We recently covered how the risk of pricing "too high" far outweighs the risk of pricing "too low" in a downward trending market. The risk of pricing too high and having a home sit on the market can mean a market value loss of tens of thousands of dollars. For the seller who has already vacated ...
08/23/2010
9
Comments
Demand has dropped with the expiration of the tax credit, and with that has come more downward pressure on prices. But the reality is only a minority of today's sellers are pricing to sell in today's market. There are 3 types of sellers, and only one type is getting homes sold. Here are the 3 sel...
08/22/2010
Now UW Credit Union members can search for real estate and access real estate information from the new UW Credit Union home loan page. Click the graphic below to visit the new UWCU home loan page. UWCU recently joined our web site, and now we're excited to be making our real estate information ...
08/20/2010
Rainer
366,697
366,697
Dan Miller
Helping you Buy and Sell in Madison, Wisconsin