Real Estate

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What is the difference between appraised value, assessed value, and market value?

This was the question in our Ask A Pro segment of the Verona Press this week, but I thought I would expand on our response. The Appraised Value of a property is a valuation conducted by a certified independent professional who visits a property and compares it to similar recently sold houses in the area. The appraiser will make adjustments to Read More

Closet Upgrade – Adding Value On A Budget

When I wrote about building our home, I mentioned we were finishing the closets ourselves. The reason for this was to save some money and to make a better organized space. We didn’t want the standard builder shelf and rod, but we also didn’t want to pay thousands for a custom closet system. Believe it Read More

Dane County Housing Statistics

If you have been thinking about selling your home, it’s a great time to list! Sales in Dane County are up 84% from last year. Pending sales are up 102% during the same period. Inventory is down 10%, which means there’s less competition! Our personal sales are up 142% over the same time frame last year! Prices Read More

Lesson Learned – No More Long Distance Landlording

Awhile back I wrote about firing our property manager in Indianapolis. Well things turned out to be worse than I expected. Here’s what happened… The previous tenant had called the health department as retaliation when we filed for eviction. At that point the health department ordered a bunch of repairs. I’ve got no problem with Read More

New Listings! Great Single Family Home and Cashflowing Duplex

$179,900 2308 Manor Green Dr. Madison, WI  Look, Love, Own! Great 3 bedroom 2 bathroom 1717 SF house nestled in a low traffic tree-lined street ready for move in day! Hardwoods, updated kitchen, large lot and great patio space for your family! Don’t miss the amazing lower level bathroom shower! Close to park and school, Read More

New Listing! 213 N Rosa Rd.

$164,900 – 2 Bedroom, 1 Bathroom, 1126 SF This home is fresh on the market! What an amazing find in Glen Oak Hills on Madison’s west side. This charming bungalow is close to everything; parks, bike trails, schools, employment, and much more! Just a few of the great features of this 2 bedroom 1 bath Read More

Why Should A Condo Association Get FHA Approved?

Our condo association’s FHA approval recently expired and the condo board is currently debating whether or not to renew the qualification. Several of our board members have been rather opposed to getting the qualification with FHA extended. Although, the people opposed to this seem to view it as a low income housing program, which Is Read More

Spring Market – Exceeding Our Goals

At the end of last year we posted some goals for 2012. Amazingly, as of June 18th we hit our real estate sales goal for the entire year. In May, we ranked in the top 5 of our office for sales, falling just behind some of the big name teams in Madison. What an awesome Read More

Why I Fired My Property Manager

I have a soft heart and a personality that wants to please people. However, I’ve realized that sometimes I’ve got to quit being Mr. Nice Guy. Recently, I evicted a tenant and fired a property manager in Indianapolis. This was long overdue, and now that it’s done, it’s quite a relief. Here’s the story… About Read More

How to Price Rental Units

Pricing a rental unit is important for real estate investors. It starts when searching for a property to purchase; the amount of rent a property can bring affects the value of the property as an investment. Even after owning a property for a while, pricing trends can change and investors will want to adjust to Read More

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