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Prices and rates are higher, why are we seeing bidding wars again?
Last month I wrote about the winter slowdown and year end statistics. I wrote things would keep moving quickly, but buyers might have some easier opportunities. Unfortunately for buyers, that didn’t last too long with the market heating up faster than I expected with the pre-Spring market. Our last couple of listings saw multiple offers Read More
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
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
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
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
What are iBuyers? Are they really the future of Real Estate?
iBuyers have been making headlines all over the nation recently. An iBuyer is a real estate investment company that will make an immediate offer on your home. They make offers in days, hours, or even minutes, without looking at your house based on automated valuation tools. There are several big players that have gotten into Read More
What is my property worth?
I’m sure you’ve seen the automated valuation tools that you can find on Zillow, Realtor.com, and even a few agent’s websites. These tools are okay if you want to get a rough ball park idea of your house value. However, they are only as good as an algorithm can calculate based on property records data. Read More
We’ve Got Buyers! Are You Thinking of Selling Your House?
This Spring is starting out wild and crazy in the real estate business. There is a shortage of good housing inventory. Six out of the last seven buyers we’ve written offers for have been in competing offer situations, and three out of the last 5 listings we’ve done have had multiple offers within a couple Read More
When is the best time to list my house?
January and February aren’t normally busy real estate months in our area, but we are off to a record start this year. We’ve seen higher than average buyer activity for the time of year. We’ve also seen many multiple offer scenarios, which are definitely rarer during the winter. Normally this kind of activity happens in Read More