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What happens When Appraisals Come In Low?

What Happens When Appraisals Come In Low? In a seller’s market like we have right now, buyers are competing for homes and driving up sale prices. That’s great for a seller, until the appraisal. Occasionally in an inflating market, the recent comparable sale values are not there to support the contract price of a property. Read More

Market Update – 1st Half 2020 Wisconsin & Dane County Stats

There is no question the first half of 2020 has been strange. COVID-19 really threw a curve ball at the economy and many industries. Much of our state was shut down March thru May, which is normally our busy season (for buyer showings and listings) in real estate. Traditionally, the number of listings and active Read More

How is COVID-19 affecting real estate in Wisconsin?

As part of Governor Evers “Safer At Home” orders, real estate services including: lending, sales, appraisal, property management, and construction have been deemed essential. I’m not sure everything we do is essential during this time, but I fully agree that some of it is absolutely essentially to prevent foreclosures, homelessness, and economic disparity. While we Read More

New Development – Scenic Valley – Cross Plains

  Great Rock Realty is proud to be representing a new subdivision in Cross Plains, WI called Scenic Valley. This new development is located on the southwest edge of Cross Plains just off Hwy KP. It will feature spacious lots, country views, walking and bike paths, and public woodlands – all with village utilities! Buyers are welcome Read More

2019 Year End Housing Statistics

2019 was a strong year for Wisconsin real estate with median prices up statewide 7.3% and 6.3% in Dane County. You may hear national headlines about the real estate market softening, and that is certainly the case in some of the large coastal markets such as Seattle or San Francisco. Locally, things continue to look Read More

Should I sell my house now or wait until Spring?

Should I sell my house now, or wait until spring? This is a question I get frequently this time of year. It’s true that the real estate sales in Wisconsin slow down in the fall and winter months. The bulk of sales happen during the spring and summer months. However, that doesn’t mean that homes don’t Read More

How to Avoid Buyer’s Remorse When Buying a Home.

There is nothing we want more than happy clients after a transaction is complete. It’s a great feeling when we know a client made the right choice and we are confident they’ll be happy in their new home for a long time. However, it’s unnerving when we have cautioned a buyer, and they still make Read More

Starting Out With Real Estate Investment

Have you ever considered rental property as an investment? An income producing property can be a great long term investment by providing a little bit of cashflow, monthly equity gains, and hopefully appreciation and tax savings (though there’s no garauntee to those two). At the same time it helps protect you from inflation. You see, a building Read More

How does an appraisal affect a home purchase?

First, let me explain the difference between an appraisal and an assessment, because that confuses a lot of people. The assessment is a valuation the city puts on your property for purposes of taxing your property. This value is often inaccurate and has nothing to do with your sale or purchase. An appraisal is an Read More

Spring Market – Buyers Are Competing Again, How Can You Win?

It’s that time again… the spring real estate market has begun (back in February). I had a hunch it was going to be a very active spring, but I thought it would be a little calmer than last year. I was wrong. Buyer’s started coming out of the woodwork in February, even among the -30 Read More

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