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Tuesday, July 19, 2016

This Month in Real Estate: June 2016

The first half of 2016's results are in and home sales in Dane County continue to keep pace with the near record results of 2015. Year-to-date there have been 4,014 sales reported compared to the 4,039 sales last year. It looks like we are on track for some record breaking results in 2016 according to the South Central Wisconsin MLS.

Entering the second half of the year, mortgage interest rates continue to remain low. As reported by Freddie Mac, rates on July 7th stood at 3.41% which is down from 4.04% at this time last year. The record low still stands at 3.31% in November 2012.

There are so many amazing advantages to being either a buyer or seller in this market. Ready to make the next step? Contact the professionals at Josh Lavik & Associates at 608-620-4234 or visit our website.

Monday, July 18, 2016

Benefits of Using a Real Estate Agent

For buyers and sellers of real estate, there are a number of considerations to keep in mind to ensure that your best interests are protected during a transaction. One such consideration should be choosing a real estate agent over for sale by owner. While many people think that the process can be streamlined by self-representation (i.e. “for sale by owner”), working with a real estate agent often proves to be advantageous. Consider the following benefits of working with a real estate agent:

A Professional’s Insight on Market Value

Whether you are buying or selling, a real estate agent can advise you regarding the right price of a home, and whether or not a home’s listing price is reflective of its true market value. If selling, a real estate agent will provide you with an idea of what other properties in your area are selling for, and the best price point depending on your needs (i.e. do you need to make a quick sale, are you willing to hold on to the property a little longer to make more money, etc.). If you are buying, your real estate agent will inform you as to whether or not a home you are considering is fairly priced. Real estate agents understand market trends, something that you may not understand on your own.

Mitigating Errors

All real estate transactions are accompanied by loads of paperwork and responsibilities for both the buyer and the seller, such as the duty to fully inspect a property before signing on the dotted line. When filling out documents or composing them, errors can be hard to avoid without the help of a professional. From disclosure documents to inspection lists and more, the fine print can be difficult to make sense of. Not only can a real estate agent assist you in avoiding any legal documentation errors, but also in understanding the loan process, what to do if there are any title defects, your duty to disclose certain facts about the property (or to have facts about the property disclosed to you), and more.

Serving as a Knowledgeable Resource

Real estate agents know the ins and outs of buying and selling, plain and simple. Regardless of your role – either as a seller or buyer – it is likely that you will encounter an issue about which you have a question, or about which you are uncomfortable. Your real estate agent will be there on your side to answer any questions that might pop up along the way, and provide you with sound and knowledgeable advice.

What to Do If You Encounter a Legal Issue

One of the jobs of a real estate agent, as discussed above, is to help you to avoid any issues that could lead you into dangerous legal territory. However, some legal hiccups are not always avoidable; if facing a zoning dispute, land use disagreement, complication with a lease or deed transfer, necessity of an investigation of liens against a property, or if you need an experienced real estate attorney on your side for any other issue, the team at J Peterman Legal Group Ltd. can assist you. For a consultation, contact our offices today. We serve those in Wisconsin, Illinois, and Indiana.

Tuesday, July 5, 2016

July Home Care Tips

Summer is in full swing and July is a great time to get all of those outdoor projects taken care of. It's a great excuse to step outside and enjoy some summer sun because we know too soon it will be gone. Now that the excitement of the 4th is over it's time to dive back into your monthly home care. So what's on the agenda for this month?
  1. Extend the life of your driveway and paths.
    Attend to small cracks and chips before they grow.
  2. Increase shade in the backyard.
    July can get pretty hot and you want to be prepared to comfortably spend time outside. Put up a canopy or an umbrella to cool off.
  3. Cut energy costs.
    During the day keep your windows and shades drawn to maintain cooler indoor temperatures because exposed windows will heat up your home. 
  4. Trim back shrubbery around walls and remove tree limbs from the roof.
    Remove any yard debris as needed, keeping branches or other clippings around can attract insects. 
  5. Test all of your smoke and carbon monoxide detectors.
    Replace batteries as needed to make sure all of your safety devices are in working order.

Tuesday, June 28, 2016

Did you know...

Keller Williams is the world's largest real estate franchise by agent count. We are so proud to be part of such a great company that gives us the inspiration and the tools to grow. Our team based structure is focused on the successful Keller Williams models so we can provide our clients with A Better Real Estate Experience.

We have over 200 agents within our office that we are in constant communication with in order to help you find your perfect home. With so many agents to collaborate with, we can find your dream home quickly. Watch our latest CW news segment and preview some great listings coming up in your area!

Right now we have more buyers than homes available on the market! If you're thinking of selling now is the time. Allow our team to sell your home faster and for more money. Give us a call at 608-620-4234 or visit our website to schedule your in home market analysis to see if selling may be right for you.

Friday, June 24, 2016

This Month in Real Estate: May 2016

Compared to last year, home sales in Dane county are down 8.3%. However, the 842 reported transactions ranked 3rd best for the month over the last ten years. Year-to-date sales are ahead in all of the South Central Wisconsin MLS regions except Dane County. Median sale prices also rose in most markets for the month and are equal or ahead of all markets for the first 5 months in 2016.

The supply of active inventory stands at just 2.23 months, compared to 3.15 months last year. A balanced market has a 6 month supply between buyers and sellers. With the low inventory rate we are seeing multiple offers on the few homes that are for sale. Fierce buyer competition may be holding back many owners from selling. 

Summer is a great time to lock in low interest rates that stand at 3.6%. This is well below the rate of 4.04% of last year. If you're considering buying a home now may be the time to lock in those low rates before they are gone. 

If you've decided now is the time to buy or sell contact us at 608-620-4234! We have the expertise to navigate you through this tricky market.