June 2019

Found 7 blog entries for June 2019.

Mortgage rates were projected to rise in 2019, but they continue to defy all of the projections put forward by industry experts at the end of last year. In fact, as of this writing, rates are at their lowest levels in a long time. Thirty-year fixed rate loans are currently running around 3.75%, and 15-year fixed rate loans are trending around 3.25%. 

This chart from Freddie Mac shows how mortgage rates have fluctuated over the last year. As the graph shows, rates have improved by more than a full percentage point since last November. 

 Madison Mortgage Rates below 4 percent

How do lower mortgage rates impact you? 

For starters, if you've purchased a home or condo in the last couple of years, now is a good time to check with your lender and see if it makes sense to refinance. Ask

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Thinking of selling your home in the coming year? Below are 10 low-cost home improvement projects that add real value to your home. Over the years we've helped many sellers completely transform the look of their home by implementing these and similar projects. In some cases clients have increased their home's market value by tens of thousands of dollars through their sweat equity and only a minimal financial investment.   

Simple Home Improvement Projects

10 low-cost home improvement projects

1) Replace dated bathroom mirrors, towel bars, and towel rings with newer and inexpensive pieces. This one simple change can dramatically improve the appearance of a dated bathroom. Our amazing stager, Debbie Lea, can show you which products to buy and where to buy them. Remember, we offer

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We've learned over the years that some folks can get a little confused about assessments, inspections, and appraisals - and the role each plays as part of the buying and selling process. If you're a little unclear yourself, this short overview will answer a lot of your questions.  

Seller Q and A: Mad City Dream Homes 

Assessments

An assessment refers to the "value" that the local taxing authority assigns to your property. Your local assessor assigns an assessed value to your property each year, that along with the mill rate, determines the amount of property tax you owe.

As a general rule of thumb you shouldn't use your property's assessed value to approximate how much it can sell for on the open market. That's because in most cases your local assessor has never been to your

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Eight members of the Mad City Dream Homes and RE/MAX Preferred teams volunteered with Habitat for Humanity of Dane County for a build day in Fitchburg this spring.

They joined Habitat construction site supervisors Greg Kazda, Allissa Tway, and Chad Moen and regular volunteer Greg Louden by installing siding and flooring in two Habitat homes along Unity Lane in the Renaissance On The Park neighborhood.

One of the future homeowners, Tara Rai, was working right alongside the group as he often does -- well exceeding the minimum amount of sweat equity hours required by Habitat. Tara said his wife likes to garden and plans to plant tomatoes and potatoes in their backyard, and his daughter and son are looking forward to having their own bedrooms.

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You are ready to sell, and you want to get the best price possible. This means showing your home at its best. We suggest a few simple updates that can be done both quickly and affordably. Take a look at our list of 5 simple ways to increase your home's market value without breaking the bank. All five of these recommendations are low cost items that provide a high return on investment. 

Step 1: Hire a Professional Home Stager

In real estate, first impressions mean everything. A professional will help you stage your home so buyers fall in love with it when they first view it online. Depending on your needs, your stager will also recommend new paint colors, new flooring, and new light fixtures which dramatically improve your home's mass appeal. If

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Wondering what's going on with the Madison area real estate market? Check out our brief snapshot below, which shows the latest trends for both homes and condos. 

Accepted offers

Buyer activity was below expectations during the first quarter of the year, but picked up significantly in April and May. Dane County single family home accepted offers increased by 1% in May, and were lower by 8% year-to-date. 

Madison area accepted offers May 2019

Condo accepted offers were lower by 5% in the month of May and by 10% year-to-date. 

Madison are condo accepted Offers May 2019

Closings

Single family home sales (closings) increased by 8% in May and were lower by 3% year-to-date. 

Madison area home sales May 2019

Condo sales were up 4% for the month and down 5% year-to-date. 

Madison area condo sales May 2019

Expired listings

Expired listings are increasing in 2019, as we

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At Mad City Dream Homes we're producing some amazing results for our home-selling clients in 2019. Here are more recent success stories which demonstrate how we routinely go above and beyond to help our clients achieve their goals. 

Mad City Dream Homes Seller Success Stories

More Home Seller Success Stories in 2019

Chris Venden: Chris recently listed a luxury condo for sale in Madison. For this listing, Chris carried out an ultra-aggressive marketing plan which demonstrated the creativity our team brings to the table. Chris's marketing plan included extensive staging support from Debbie Lea (the best stager in the business), eye-popping professional photos, a 360 degree virtual tour, Google AdWords, a magazine quality book, and marketing that thoroughly documented this condo's many fine

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