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2021 Dane County Home Sales Statistics
2021 was another crazy year for real estate! We’ve seen bidding wars among buyers for the last several years, but this was the most competitive year we’ve seen. We had one buyer we wrote 13 offers for (all above asking price) before they got a house and another who got rejected at 130k over asking price! Read More
It’s Property Tax Time
Your property tax bill should be showing up within the next month and with this we often receive many questions and comments about property taxes. The most common thing I hear is people complaining about how much their taxes went up and asking how to get them reduced. Unfortunately for 2021, it’s a little late Read More
Huge Influx of Rookie Agents – Hire With Caution
With strong growth in real estate values over the recent years comes quite a bit of hype in the real estate industry. We’ve seen a flurry of new real estate licensees getting into the business believing they can make an easy buck, and I applaud anybody with the entrepreneurial spirt to start any sort of Read More
Buyer Love Letters – Do They Work? Are they Legal and Ethical?
Among the home buyer bidding wars “love letters” from home buyers quickly gained popularity. A love letter is a letter in which a buyer often tells a seller a little bit about themselves. They might also try to sway the emotions of a seller by saying something ab0ut how they envision their family at the home for Read More
30% of home sales are cash! How?
The number of cash home sales is up to an unbelievable 30%. This is just another reason it is tough to compete as a buyer in this housing market. This leaves many buyers wondering, I saved 10%-20% down I thought I was doing great, how are so many people have that much cash? The truth Read More
Property Taxes – Dane County and Surrounding Areas
Property taxes are something to consider when purchasing a home. If you escrow for taxes, your taxes could be 1/3 or more of your monthly payment. Even if your home is paid off, property taxes will be a significant ongoing portion of your annual expenses. We have had many clients who’ve commented things like, “I want Read More
Our Marketing Advantage – Especially In the Verona Market
In this hot market Sellers think selling a home is easy and many are choosing the cheapest route to sell (FSBO or a flat fee service). If you are in a good location, with a well kept home that is priced right, I agree generating an offer really isn’t that difficult. However, do you want Read More
Investing In a Hot Real Estate Market
It’s no secret that we are huge fans of real estate investing. Kinsey & I have bought long term rentals, we have done flips, we now have a vacation rental, and we’ve even done a wholesale deal. We are getting more interest than ever from new investors. When real estate is hot, it seems more Read More
Should I buy a vacation rental?
Since we purchased our vacation rental lodge in Northern Wisconsin last year, I’ve been bombarded with questions from people interested in purchasing a vacation home to use for themselves and to rent out part time. So I thought it was time to write a blog post about it. There’s no doubt there has been a Read More
Home Inventory Shortage
Starting 2021, the Wisconsin Realtors Association announced available home inventory was down almost 40%, especially in the under $400,000 price range. Remember supply and demand lesson in high school economics? When there is a shortage of supply it forces a lot of buyer competition and drives prices up. That’s what is happening in the housing Read More