New Active Rain Customizer - 05/30/08 02:14 PM
I just discovered the active rain customizer for the first time (not sure if I'm slow on this), but if anyone who's reading this hasn't discovered it yet, it's a really neat tool.  It allows you to add widgets such as mortgage calculators and rates and other neat features that you can find the coding for on widget sites.  If you'd like to find cool widgets just simply google widgets and you'll get a ton of results.
Similarly I added google analytics coding to my page which allows me to track not only my website statistics, but see where they were … (2 comments)

780 Lake Largo Dr. - 05/29/08 08:36 AM
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Why Buy at Auction - 05/28/08 12:23 PM
Each and every buyer strives to get the absolute best value for their dollar. Buyers that have purchased at auction will typically testify that they believe this is the best method of getting that value.
The benefits to the Buyer of the "auction" sales method include:-Buyer knows the seller is committed to selling the property.-Buyer has had ample time in a non-pressured environment to examine and inspect the property using whatever professional resources they see fit.-The buyer will know the true market value of the property based on the competitive bidding he or she has engaged in.-The long negotiation process of … (1 comments)

Why Sell at Auction - 05/28/08 12:20 PM
Today's real estate market is extremely cluttered. Due to market conditions, property inventories are extremely high at all price points. Thus, it is becoming harder and harder for a seller to garner attention for a property utilizing the traditional "listing" method for real estate sales.
The "accelerated" marketing, or "auction" method, allows the seller to rise above the clutter and grab the attention of the potential buyers. Once the buyer is aware of the property and knows the property will be sold, a genuine sense of urgency has been developed with the buyer. This sense of urgency typically creates a very … (0 comments)

The Decreasing Core and Increasing Whole: Green Bay population Trends. - 05/28/08 09:59 AM
The population of Green Bay was estimated by the Census Bureau to be 100,353 residents on July 1, 2006. Surprisingly, to many that estimate showed a decrease of an average 0.3 percent per year since the 2000 Census.
According to the 2000 Census, Green Bay's population was 102,313 residents. That was an increase by 6.1 percent from the 96,466 residents in the 1990 Census. During the previous decade, the city's population increased by 9.7 percent from 87,899 residents in 1980.
 
So what does this change mean?  One can clearly recognize that the metro area of Green Bay decreasing, but what about the … (0 comments)

Homes begin to reach the Billion Dollar Mark! - 05/27/08 04:48 PM
In the Northeast Wisconsin Market homes rarely break the million dollar mark, there's probably only a hundred or two that can say they're a "million dollar home."  However, imagine a home 1,000 times more expensive than even the priciest of homes in our market!According to Forbes.com, every floor in the 27-story residence is unique and is pushing the price to around $2 Billion. It has around 400,000 sq ft of interior space. It will be located in Mumbai and will be priced significantly higher than other skyscrapers due to it's unique features and architecture.
To check out the project and renderings visit the site … (0 comments)

Memorial weekend slowdown - 05/23/08 04:33 PM
As I'm sitting in my office and finishing the workday I see a mass of cars heading north for the vacation weekend.  The market always shifts to a slowdown over holidays, which allows for a great time to work on things that we'd often be too busy to work on as agents.  Some of the things I'll be working on this weekend and that may serve as great reminders for you include:
-Updating my business plan and making sure I'm in-line with my goals that I've set earlier in the year.
-Reading at least one real estate related book.  I've found … (0 comments)

The sky isn't falling in Green Bay - 05/21/08 11:07 AM
When determining the best strategy for purchasing or selling a home or investment property, buyers and sellers today are barraged with a high level of negative sentiment from the media and ill-informed sources that could convince you that the sky is falling and the end of the world is near.  However, like any argument one must back their thoughts with fact to understand the true underlying scenario that is playing out.  This becomes a lot like work as each market and form of investment are experiencing different conditions every day.
Green Bay is a prime example of how the national viewpoint has affected … (0 comments)

How to calculate Cap Rates - 05/20/08 04:57 PM
When dealing with investment property one will hear the term cap rate often.  Cap is an abbreviated version of capitalization, which is a way of determining the rate of return on an investment property.  In order to calculate the cap rate one must know the price of the property and the net operating income which creates the following equation:
(to better understand how net operating income is calculated refer to this article: http://greenbayproperty.blogspot.com/2008/05/what-is-real-net-operating-income.html ) ,
Cap rate = NOI / Price of Property  or  NOI / Cap Rate = Price of Property
To use a simple example lets say an apartment … (1 comments)

Northeast Wisconsin Commercial property unit sales 2006-2008 - 05/15/08 05:00 PM
Below are the statistics for Commercial property sales for northeast Wisconsin.
 
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Northeast Wisconsin Multi-Family unit sales March 2006-2008 - 05/15/08 04:49 PM
Below are multi-family unit sales in Northeast Wisconsin.  One can see a substantial decline from 2006 through 2008.  Unit sales in March of 2006 (63) were nearly double those of March of 2007 (32).
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What is the Real Net Operating Income? - 05/15/08 10:46 AM
Understanding the financials is essential when analyzing investment property.  Therefore, knowing the terminology and how it reflects any property you own or plan to own is relevant to your real estate success.  One of the most commonly used terms is net operating income which directly influences the value of an investment property.
Net operating income is the gross income less the operating expenses.
The following items are often referred to as operating expenses.
-Real Estate Taxes-Property Insurance-Utilities-Repairs and Maintenance-Janitorial-Interior/Exterior Decorating-Management
The operating expenses determine how much is taken away from the gross income and what is left in your bottom line … (0 comments)

Real estate agents versus Realtors, What's the difference? - 05/14/08 04:10 PM
Many people often switch the terms real estate agent and Realtor, even though there is a significant amount of different. There are certain rules and policies that Realtors uphold that real estate agents do not. All Realtors are real estate agents, but not all real estate agents are Realtors. Once a person is licensed to sell real estate within a state they become a real estate agent. After which they can decide to join the National association of Realtors and abide by its rules. It's not just a bunch of rules that agents swear to uphold and adhere to. The Standards … (1 comments)

The Many Benefits of Homeownership - 05/14/08 04:00 PM
There are so many reasons to consider buying a property that I've created a list and have decided to highlight some of the reasons it's such a valuable choice. Many people realize the value of homeownership, which is why it's at an all time high of over 70% of Americans owning their own property. This is a great form of investing and as Albert Einstein considered compound interest to be"the eighth wonder of the world." I encourage you to start ,at a young age or at any age for that matter, in harnessing this wonder through investing in real estate. Real … (2 comments)

Mortgage Calculator - 05/14/08 03:58 PM
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Ryan Schmitz

Green Bay, WI

More about me…

Micoley & Company

Office Phone: (920) 617-9147

Cell Phone: (920) 360-1081

Email Me

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