My New Blog

While 2009 was probably the worst real estate year in recent history, 2010 promises to be much better.

If you are thinking of selling, there are 5 Good Reasons to get started right now!

1.  Interest rates are still low and help make Housing affordable for Buyers.

2.  The First Time Buyer credit of $8000 has been extended to April 30, 2010.  The price of the home can be as high as $800,000.  The income limits for the Buyers has been increased.

3.  The First Time Buyer credit has been extended to existing home owners that have owned and occupied their current or recently sold home in the amount $6500.  That just may get you a buyer who wants to move up or down.  Also, if you sell yours and are buying another, The $6,500 would be a nice gift for you.

4.  Inventory levels are actually low in many areas, including ours in South Central Wisconsin.  There is less competition from other sellers right now! 

5.  Prices have bottomed out and appear to be rising in many areas!

WHAT IS YOUR'S WORTH IN TODAYS MARKET?

Give me a call or email and find out!

Jerry Morse, BBA, CRS, GRI

The Morse Company

608 436-6858

The only reason for not buying a home or other real estate right now show be that you do not qualify for financing.

With interest rates lower than 5%, a First Time Tax Credit of $8000 and an existing Homeowner credit of $6500 coupled with lower prices, everyone who can afford to buy real estate, should be buying now.

Don't miss the chance.

Call today!

Jerry Morse, BBA, CRS, GRI

jerrymorserealestate@yahoo.com

www.janesvillehomesellers.com/

www.jerrymorse.net

608 436-6858

Most people today are interested in how the market has affected their property values.

Sales prices have obviously retreated a little in the last two years, but certain price ranges and locations have not been affected as much as you might think.

If you are at all curious about the value of your property and how the financial crisis has affected it, just give me a phone call, text or email and I would be happy to give you an update.

There is no obligation. 

Thanks, you are greatly appreciated!

Jerry Morse, The Morse Company

Ofc: 608 754-5300  Email:  jerrymorserealestate@yahoo.com

Janesville, Wisconsin and Rock County have been hit hard by the Recession.  The local economy not only reflects the national financial trends, but was additionally affected by the closing of the local General Motors Plant, as well as several other plant closings.

But, the 20 day period from November 1, 2009 to November 20, 2009 has shown marked improvement in Single Family Residential Sales.

1.  Single Family Sales have been more than double in 2009 versus 2008.

2.  There were approximately 39 sales in 2009 versus 19 for 2008.

3.  Average Sale Prices actually increased from $123,015 in 2008 to approximately $130,626 in 2009.

4.  Finally, even the days on the market improved from 99 last year to 71 this year.

This is the most positive change we have seen in a long time.

Could we have possibly turned the corner?  It might just indicate that prices have bottomed out and are on the Rise!

STAY TUNED!

JERRY MORSE, CRS, GRI, BBA

www.janesvillehomesellers.com

www.jerrymorse.net

7520 East M-H Townline Road, Milton Wisconsin

Open From 1-3 P.M.

2427 Greenwood, Janesville, WI

Open 12:14-1:30 PM

HomeSellers will benefit 3 Ways!!!

1.  The First Time Homebuyers Tax Credit of $8,000 has been extended to April 30, 2010.  The income limits have increased and they can buy a home up to $800,000 under the program.  SELLERS YOU JUST GOT MORE QUALIFIED FIRST TIME BUYERS FOR THE HOME YOU ARE TRYING TO SELL!

2.  HomeSellers, you now have a Tax Credit of $6,500 on the purchase of your next home.  Just need to have income of not more than $125,000 per year if you are single or $225,000 if married.  You can also purchase your next home for up to $800,000.  However, you must have used the home sold or being sold as a principal residence consecutively for 5 of the previous 8 years. Wow, this helps make up for some of the downturn in prices we have experienced the last two years.

3.  Sellers you can either move up in price or down in price! AND INTEREST RATES ARE STILL TERRIFIC!

Jerry Morse, Real Estate Broker

The Morse Company

Licensed in WI - Eqaul Housing Opportunity

jerrymorserealestate@yahoo.com

www.CometoWisconsin.com

www.janesvillewirealestatelistings.com

www.janesvillewirealestateforsale.com