2010 Home Buyer Tax Credit Summary

Just in time for April 30, Dan Green has summarized the soon to be ending tax credits.

The $64,000 question that I’ve been receiving: “I’ve already filed my taxes, how and when will I receive my refund?”

The answer can be found in Dan’s article.

Accepted offers need to happen before April 30. Yes, that’s this Friday…

I was able to help another person get their tax credit last Friday. We’ve been looking for the past 2+ months with no luck. Obviously both the buyer and I were concerned about not finding a home that they would feel comfortable purchasing.

But we both hung in there and now she’ll be a happy first-time home buyer with a little extra cash from the IRS as well.

Have you taken advantage of either tax credit offered? Sadly, I wasn’t able to take advantage of the $6500… My five year anniversary happened in April, making it difficult to sandwich an accepted offer into the allotted time frame.

And maybe more importantly, we have a few unfinished remodeling projects… Yeah, I guess that’s probably it. :-)

You still have time for some free money… Get in touch and we can get started tomorrow. Happy House Hunting!

National Open House Weekend April 10-11

In conjunction with the National Association of Realtors, First Weber will be participating heavily in the Realtor National Open House Weekend April 10-11, 2010.

View all First Weber open houses.

This is the final push to help both home buyers and sellers qualify for the $8,000 first-time home buyer tax credit and the $6,500 home seller tax credit. Hopefully this weekend will allow numerous people gain some free money from the government. The more the better.

Why an open house? An open house allows a buyer to walk through a home at there convenience at there speed with less interference from a real estate agent. Does it get any better than that?

If you’re interested in seeing the best homes available in each price range this is the weekend to get out.

And feel free to stop by and see me.

Wisconsin Rapids Real Estate Market Report for March 2010

Welcome to ‘The weather was better last month’ edition of our area’s real estate market report…

You can read previous market reports to see for yourself what our real estate market has been doing.

Seventy-three homes were added to our MLS last month. Including 43 homes in Wisconsin Rapids. The town of Rome is gearing up for its annual summer sell-a-thon as the Nekoosa area added a whopping 27 homes to the MLS this past month. Consider 10 homes were added in February from the Nekoosa area.  

If you’re ready to start formally searching for homes, you know, moving from just online to getting in touch with an agent… Let me know and we can get you started. Plus I’ve recently changed my contact page, so you know, why don’t you check it out?

Happy house hunting!

First time here? This is a monthly post designed to shed light on our real estate market. I publish this report because now is an excellent time to learn about the Wisconsin Rapids real estate market. By arming yourself with a little real estate education you’re setting yourself up for success when you decide to buy or sell your next home. Want to stay up to date? Click here and articles will be delivered directly to your inbox. As always, it’s free. Plus you can always unsubscribe at any time. Every month more and more people are signing up. It makes me feel like you like my writing…

The data was gathered through the MLS, so the data is deemed reliable but not guaranteed. You know the drill…

Single Family Wisconsin Rapids Homes:

  • Active Homes for Sale: 234 (including 43 new listings in March)
  • Average List Price: $130,413
  • Homes Sold in March 2010: 38
  • Average Sale Price: $96,518
  • Median Sale Price: $85,410
  • Average Days on the Market: Active: 203 Sold: 196
  • Average Sale Price/List Price: 94%
  • Expired Listings: 11

Single Family Nekoosa Homes:

  • Active Homes for Sale: 122 (including 27 new listings in March)
  • Average List Price: $188,233
  • Homes Sold in March 2010: 3
  • Average Sale Price: $113,714
  • Median Sale Price: $156,000
  • Average Days on the Market: Active: 225 Sold: 351
  • Average Sale Price/List Price: 87%
  • Expired Listings: 10

Single Family Port Edwards Homes:

  • Active Homes for Sale: 23 (including 3 new listings in March)
  • Average List Price: $105,056
  • Homes Sold in March 2010: 0
  • Average Sale Price: $–
  • Median Sale Price: $–
  • Average Days on the Market: Active: 211 Sold: –
  • Average Sale Price/List Price: –
  • Expired Listings: –

Trends I’m Seeing

  • The days on the market are crazy high. Sellers all over the area are going to bed frustrated…
  • Port Edwards now has 2 months in a row with 0 sales. The 3 new listings helped keep the averaged days on the market from spiking into the 230 range.

What next?

As always, my goal is provide not only valuable but also useful information that you can put into action. If you like what you’re reading and want a little help remembering to come back, why not click here and have all upcoming posts sent directly to your email inbox? You can read a description on how this works here if your unfamiliar with the process. I promise it’s not scary, nor will your email be given to anyone.

Is anyone else extremely interested in what the post tax-credit era will look like in the next few weeks? I have feelings and inclinations about it all…we’ll see how close I am.

For More Info:

  • Thinking about selling? Quickly see what your home’s worth in our market.
  • Have you thought about getting in contact? Why Not? Click here to get in touch with Adam. I’m a peach… Really…

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Off Topic on April Fools: Who’s an Expert?

Happy April Fools! I spent a little time yesterday trying to come up with ideas for a post befitting April Fools Day. GoRapids did theirs. Google has theirs.

Obviously I’d need to choose a topic. But I also had to ask myself how the post would be interpreted by you. And not all of you, obviously. But some.

So I’ve decided to do something in a more round-a-bout fashion. Hopefully this goes better than the first time someone goes through the roundabout by the DOT building

I thought I’d write an ‘I notice’ post today. Somewhat tongue in cheek, but with also a hint of truth. Think The Onion and less Associated Press…

Starting at the beginning–

My observation is that many people feel that Realtors view real estate like this great utopia. Where it’s always sunny and a “great time to buy or sell.” Am I right? Now I know there are many Realtors who believe this. And if you’ve had to listen to them throughout the past couple years, my sincerest apologies.

But I’ve tried to remain pragmatic and honest in my view of our real estate market. I’ve tried to write with few of my opinions but instead with more facts, trends and data. I hope you’ve noticed…

And because people view Realtors as living in their own little world people will listen to anyone else about the subject of real estate, and believe what they say. All the while discounting anything and everything a Realtor says. True?

But would you take legal advice from your plumber? Or medical advice from your babysitter? But real estate advice from your neighbor makes sense?

Now to the real reason for this article. And I hope you find it mildly amusing…

I’ve been thinking a lot about an article written by Channel3000.com a couple weeks ago about the state of real estate in the Madison area. One of First Weber’s agents, Suzy Favor-Hamilton,

Side note–yes that Suzy Favor-Hamilton from the Olympics and Stevens Point…and FYI my step-daughter was lucky enough to be able to listen to her speak about her journey this past winter and yes she enjoyed it tremendously. Okay, we’re back…

was quoted about how she’s noticed an upswing in the Madison real estate market. With new listings receiving offers sooner than in the past couple years. Buyers finding more homes with accepted offers. Stuff like that.

But then in the comments, you know, where the ‘experts’ can finally be heard… One person calls her a liar and says that she’s not a real estate expert AND then proceeds to tell everyone that real estate will finally hit rock bottom in 2018.

Completely dismissing a person who has their nose to the proverbial real estate grind stone AND then proceeding to call them-self an expert by proclaiming that 2018 is when we’ll hit rock bottom.

They didn’t mention if it would be at the beginning or the end of the year though. It would have been nice if they could have been more specific…

In the end, a Realtor can only work with someone who’s decided to buy or sell a home. A banker can only loan money to a person who qualifies for a loan under the new stricter regulations. A buyer can only purchase a home they want to make an offer on, or use a loan that they choose to be acceptable.

What’s your take? Do you find it easier to believe what ‘others’ are saying about real estate? What’s the process you’d go through to figure out fact from fiction?