Have We Turned the Corner? - 11/20/09 09:36 PM
Janesville Wisconsin and Rock County have been hit especially hard by the Recession.  The local economy not only reflects the National trend, but was additionally affected by the closing of the Janesville GM Plant, as well as several other plant closings.
But, the last 20 days have shown some marked improvement in Single Family Home Sales:
1.  Single Family sales have been more than double in 2009 versus 2008.
2.  There have been approximately 39 sales this year versus 19 for 2008.
3.  Average Sales prices have actually increased from $123,015 in 2008 to about $130,626 in 2009.
4.  Finally, even days … (1 comments)

HomeSellers: The Home Selling Process - 11/18/09 12:06 PM
Dear Home Owners,
As a Real Estate Broker, I find there are about 200 individual items involved in selling your home.
However, the Process can be broken down into EIGHT Essential Steps:

1.  First and most important in this market is SETTING THE PRICE!
      Be Realistic!  There is a lot of competition out there! 
2.  Second is EXPOSURE to the Market Place!
      We have 48 Ways that we can implement with emphasis on the Internet (87%+or- Start There!)
3.  Is Your Prospective Buyer Qualified!
      Make Sure they have a Lender Pre-Approval.
4.  SHOWING AND SELLING YOUR HOME!
      … (0 comments)

Sellers - You have got to Love the New Tax Credit! - 11/17/09 10:03 PM
It appears that the $6,500 Tax Credit may not require that you sell your existing home.
Of course, your new purchase must be for your principal residence, but you may be able to keep your existing home as an investment.  Selling your current residence probably is not necessary, as long as the 5 of 8 year requirement and other requirements of the Tax Credit are met!
Stay Tuned!

Jerry Morse, Broker
The Morse Company
jerrymorserealestate@yahoo.com
www.janesvillewirealestatelistings.com
www.janesvillewirealestateforsale.com
www.janesvillehomesellers.com
 


… (2 comments)

Sellers - Pricing and Timing Might Help Get a Good Offer Right Away! - 11/13/09 11:33 AM
HOMESELLERS:  PRICING AND STAGING ARE VERY IMPORTANT!
TO GENERATE A SALE FOR THE MOST AMOUNT OF MONEY IN THE SHORTEST PERIOD OF TIME, YOU MIGHT TRY THE FOLLOWING:
1.  Listen to your Real Estate Professional and price it competitively up front!  Today's Buyers are all looking for Bargains.  Don't Sacrifice, but price it right.
2.  Staging your Home is important.  So, after you list it for sale and the marketing has started, hold off on any showings until you have it completely ready to show. (Perhaps, 1-2 weeks)
3.  Make that first showing date, the Date of the First Open House!
4.  … (0 comments)

Buyers - Protect Yourself When Buying Your Next Home! - 11/12/09 02:42 PM
1.  Hire a Real Estate Professional to act as your Exclusive Buyer's Agent.
2.  Have that agent prepare a Current Market Analysis.
3.  Ask the Seller to Provide you with a Home Warranty on the home.
4.  Have a Home Inspection done by a Professional Home Inspector.
5.  Have a Separate Home Appraisal Contingency in the Offer in addition to any Financing Contingency.
6.  Have a Separate Insurance Contingency in the Offer.
7.  Have Other Professional Inspections for probable problems (Heating Systems, Radon, Termites, etc.).
8.  Review any Seller's disclosures carefully.
9.  Have legal representation to review your documents and the Title Search.
10. Keep … (0 comments)

Open Houses! - 11/11/09 09:04 PM
OPEN HOUSES:  SUNDAY, NOV. 15, 2009
7520 E. MILTON-HARMONY TOWNLINE ROAD, MILTON WI
3 BEDROOM STORY AND A HALF ON 2 ACRES!
TIME:  12 NOON  TO 3 P.M.
 
2427 GREENWOOD, JANESVILLE, WI
3 BEDROOM 2 STORY CONTEMPORARY 
TIME:  12 NOON TO 1:15 P.M.

JERRY MORSE, BROKER
THE MORSE COMPANY
jerrymorserealestate@yahoo.com
www.cometowisconsin.com
www.themorsecompany.com
 
… (1 comments)

Encouraging Signs! - 11/11/09 08:57 PM
The latest numbers for Residential Real Estate for Rock County Wisconsin show that Home sales in the last Quarter increased about 6% over 2008.  Prices actually declined 6% in the last Quarter in 2009 compared to 2008.
However, since the number sales increased, it may be an indication that prices are reaching the bottom.
With the New Tax credit extension for First Time Buyers including provisions for current Home Owners, it is likely that prices will stabilize or even increase slightly in the next 6 months. 
Now is the time to Buy!
Contact Me for Details!
 
Jerry Morse, Real Estate Broker
jerrymorserealesate@yahoo.com
www.janesvillewihomesellers.com
… (0 comments)

Buying Up, Buying Down, or Your First Time Around - You Are Covered! - 11/06/09 02:44 PM
The Real Estate World just got more interesting for both Buyers and Sellers.
The New Tax Rebate Program for First Time Buyers has been extended to next Spring!
Up to $8000 big ones with higher income limits.
Best of all, you Current Home owners, (having lived 5 consecutive years in your home) have 6,500 Reasons to make that move you were thinking about.  Because, you may qualify for up to $6,500 as a Tax Rebate under the expanded program.  So, if you want to move up, or move down in a house, now is the perfect time!
An WOW, interest rates are … (0 comments)

GREAT NEWS FOR HOMEBUYERS - 11/05/09 03:57 PM
The First Time Homebuyer Tax Credit has been extended and has been passed by Congress and is waiting for the President to sign it into law.
The $8,000 Tax Credit for First Time Home Buyers has been extended to April 30, 2010 for sales contracts which must close by June 30, 2010.
Additionally, the income limits have increased to $125,000 for individuals and $225,000 for married couples. 
Also, it has been expanded to existing homeowners in the amount of a $6,500 Tax Credit for those who have been residing in their primary residence for five consecutive years out of the last … (0 comments)

Price and Staging Get the Job Done! - 11/01/09 08:10 PM
In Todays World, the ultimate success formula for sellers is price and appearance.
1.  With homes prices being lower than they were last year and the year before, the sellers biggest advantage over the competition will be to price as agressively as all possible.  While this may not seem to be in the sellers best interest, they will make up for it on their next real estate purchase.  What you will lose on one end, you will save on the other.  And if the Tax Rebate program that gets passed includes current owners, you may come out way ahead of the game!
… (3 comments)

 
Jerry Rainmaker_large

Jerry Morse, BBA,GRI

Janesville, WI

More about me…

The Morse Company

Address: 1341 N. Wright Road, Janesville, WI, 53546

Office Phone: (608) 754-5300

Cell Phone: (608) 436-6858

Email Me



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