John Schoenherr's (investedinwisconsin) Blog

Real Estate Agent - Dells Delton Realty
We all know that to qualify for the first time home buyers credit there must be an accepted offer by April 30th.  But if buyers wait until the 30th they might still miss out on the credit. There are a lot of things that need to happen before the offer is really "accepted".  All the contingencies ...
It seems like the real estate market is in a pivotal state right now.  In the Dells area we had a very active December, a slow January and we have seen some pick up in the market in February.  Year to date 18 properties sold in this area compared to 14 sales last year.  There are 14 accepted offe...
I received an inquiry recently asking for information about a house in Lyndon Station.  It turns out that the house had an offer and the sale actually closed a couple of days ago.  When I returned this information to the inquirer she seemed surprised.  She gave me the name of the web site that st...
In Wisconsin there are many pre-built homes that are used as vacation homes as well as permanent residences.  Often these homes are called mobile, modular or manufactured interchangeably, but they are very different in construction and use.  The 2009 market has seen a reduction in interest by len...
In the state of Wisconsin there are many manufactured homes and in the counties that I focus on, Adams and Juneau, manufactured homes are a large percentage of the homes available.  Many of these homes are vacation homes and because of the low purchase cost and the ease of constructing, it just m...
I have a buyer who wants to make an offer on a manufactured home in Wisconsin.  They will be applying for a VA/FHA loan and the lender wants a Certificate of Origin before he will even accept the loan application.  Problem is that the home is forclosed, the listing agent does not have any origina...
My market is the Wisconsin Dells area and a popular local paper is the Wisconsin Dells Events.  On Saturday, January 3rd the front page article was titled "Housing not selling like it used to".  There was a large picture on the front page associated with the article of a house with a For Sale sig...
I find it difficult to find good information in the news media about my real estate market.  The daily news is full of stories about National Housing Trends, Banking Issues and National Real Estate Trends but it just doesn't help me understand what is happening in my local Wisconsin Dells market....
Today there is definitely a gap between what the Seller thinks their property is worth and what the Buyer is willing to pay, I call this the Value Gap and it is getting in the way of successfully selling properties.  It seems that in this market the gap has widened to such an extent that Buyers a...

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