The busy spring and summer home selling season is about to hit and buyers can’t wait. Right now we have a list of folks who are craving lakefront living and Lake Mendota is the one Madison lake that's most frequently mentioned. There’s a lot to consider when you decide to sell waterfront property so if you’ve decided that 2016 is the year you’ll sell your Lake Mendota home, read on.

Pricing your Lake Mendota home

The method real estate agents use to determine a property’s current market value won’t work with waterfront property. It can’t – it involves comparing one home to others that are similar in age, size, amenities and location, among other criteria. Waterfront properties aren’t tract homes, so how does one compare the incomparable? From the…

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Read the blogs of real estate agents across the country and you can’t help but feel pity for us. While the strong sellers’ market is a boon to homeowners (who deserve a break after bearing the economic brunt of the recession) it’s devastating to our home-buying clients. It’s not so much the type of market, however, as it is the sheer volume of homeowners who are, for some reason, resistant to sell right now that is troubling the market. We do expect this to change, somewhat at least, when school lets out for the summer and parents are more inclined to uproot the family.
In the meantime, real estate agents, such as myself, are trying to educate homeowners on why this is such an amazing time to sell a home in Madison. Check out some of the reasons…

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Hired - Image Credit: https://pixabay.com/en/users/geralt-9301/

It's been said that the only real estate transaction that is more confusing for the first-timer than buying a home is selling one. While some folks are determined to do it themselves, the complexity of the process makes most of them give up and hire an agent. Now, not all real estate agents are equal. The bar for entry into the world of real estate sales is quite low, so you'll find brand new agents, part-time agents, and, like me, veterans, Since your home may be your largest investment, choose your real estate agent carefully. In fact, do yourself a favor and interview two or three so that you can compare what each offers. You will pay the same commission for the novice or the part-timer as you will the pro, so ask the right questions in the…

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Although many in the real estate industry like to pretend that the younger generations are in control of the real estate market it’s not true. Boomers, as usual, are large and in charge.

Take the National Association of Realtors’ (NAR) annual Home Buyer and Seller Generational Trends report, for instance. In the 2015 report, NAR claims that since 32 percent of homebuyers come from the Millennial generation, they comprise the largest pool of homebuyers in today’s real estate market. The fact is, at least according to their report, Baby Boomers comprise 31 percent of today’s homebuyers. If those were election stats we’d say there is no statistical difference, right?

When it comes to sellers, Boomers rule, representing 43 percent of home sellers.…

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Jan 2016 Housing Stats - Dane County WI

The January 2016 housing market results are in for Dane County and the picture remains clear: we are in a strong seller’s market in many areas of Dane County, Wisconsin. Prices were up almost 7% year-on-year in January 2016. Listings (single family homes and condos combined) were down almost 22%. And yet sales for January 2016 were up a little more than 6% year-on-year despite less inventory to choose from. Breaking it down into a bit more detail, inventory was down over 20% for single family homes and almost 25% for condos when comparing January 2016 to January 2015. That’s a big change from what we were seeing not that long ago. Average DOM (Days on Market) was also down from January 2015. This January in Dane County, WI it took about 64 days on…

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Lake & City Homes SOLD sign riderAre you trying to sell your home? While it may still be a buyer’s market, it certainly doesn’t mean your home has to remain on the market for several months. In fact, by implementing a few simple seller tips, you will be far more likely to get your home sold quickly and at a reasonable price. Here is a look at 5 basic tips that all home sellers should keep in mind.

Tip #1: Curb Appeal is Key

Curb appeal, or the way your home looks when a potential buyer drives past it, is essential to getting your home sold. Not only do many buyers keep an eye out for homes as they cruise the streets, but the way your home looks from the street will give the buyer his or her first impression. First impressions are long lasting, so you want to be sure yours is a good…

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What sellers want from today's RealtorToday’s housing market is a buyer’s market. Although home values are rising, it is a very slow ascent and experts predict it will take years for the housing market to fully recover. Therefore sellers face a very challenging market when it comes to listing their home. It is crucial for a seller to have a capable Realtor who can weather a difficult and volatile market. What are sellers looking for in today’s Realtor? It turns out that the fundamentals of service are still the most important traits, combined with a healthy knowledge of their local market and the latest technology.
    
With technology changing so rapidly and new avenues of media becoming a powerful presence, a seller must hire a Realtor who can effectively market their home. Within just a few…

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Madison Market Snaphot reportsIn case you missed it, this week we announced on Lake & City Homes Facebook Fan Page our new Market Snapshot reports. What's a market snapshot? It's a personalized report that charts current up-to-the-minute market activity about homes in your neighborhood (or any area you specify within a 3-5 mile radius of a given property address). The report includes data such as sold homes and condos, homes and condos currently for sale, inventory counts and even days-on-market. These reports are a fantastic resource if you've been asking yourself any of these burning questions:

  • How do my neighborhood's home values stack up?
  • What are homes worth in my target area?
  • What's my current home worth?
  • Is now a good time to sell?
  • Has the market stabilized?

To get…

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Lake & City Homes is proud to announce our newest tool for buyers: our Dane County Zip Codes page. This new page features a map of Dane County with one-click access to every home for sale in every Dane County zip code, a kind of zip code quicksearch. Why is this a great tool? Well, for a couple of reasons. First, if you already know which Dane County zip code you want to live in, this tool gives you one-click access to all the homes for sale in that zip code. For example, with just a single click you can instantly see all the homes for sale in the popular 53705 zip code or 53562 zip code or any other zip code you're interested in. Second, this tool is useful for anyone who isn't tied to Madison and wants to research homes for sale in different parts of…

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Today is the deadline for participating banks and mortgage servicing companies to implement the Home Affordable Foreclosure Alternatives Program, otherwise known as HAFA. Starting today, the HAFA program may make a short sale (or deed-in-lieu of foreclosure) a much more viable option than ever before for homeowners who are "upside-down" on their homes. Will HAFA merely shine a ray of hope on the glut of short sale inventory or will it be a panacea for most short sales?

A short sale is a transaction in which the lender (or lenders) agree to accept less than the mortgage amount owed by the homeowner, thus potentially enabling a homeowner to avoid foreclosure. The HAFA Program, which takes effect today, April 5 2010, and sunsets on December 31st 2012,…

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