04  Apr
Friendship vs. Business


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I’m looking to grow my client base and grow my business. I intend to be the top 10% of Madison Realtors within 2 years so I greatly appreciate those of you who have utilized my professional services or are thinking to in the future or have referred business to me, as that is 1/2 of how I will get there!  I love nothing more than working with my friends to help them sell their homes or find a new home.

However, I realize I may not be the right fit for everyone - some of you may prefer a Realtor with more experience or knows more about your specific neighborhood   (Although I can overcome those objections! )  I simply cannot overcome the objection of not wanting to mix business and friendship. With that in mind, I want you to know that you can still help me out by allowing me to refer you to another agent of  your choosing or an agent that fits the criteria you are looking for.

I have a lot of agents in this business I think highly of and would be happy to provide you a referral.  What this does is

 1) It still allows you to help me out because I receive a “referral fee” from the agent I provide a referral too  2) It allows you to receive a great recommendation
 
At the end of the day, I hope that you all want to hire me for your Real Estate needs because you believe and trust my abilities, not because I’m your friend. That is my job to prove to each of you that you don’t need to go to a “top agent” to get the type of service you want and expect.  See some client testimonials here:

Client Testimonials
I would still love to represent my friends directly, but understand it may not be a good fit for everyone, with that I just ask you consider letting me refer you to another agent.

To contact me directly for a referal, call Jamie Miller at 608-335-3410.


Posted by Jamie Miller, filed under Did you know?, Reference. April 4, 2008, 2:54 pm | No Comments »

30  Nov
11 Reasons to List your home in December


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11. By selling your home now, it allows you to have a stronger offer on a home in the spring market because you don’t have a home selling contingency

10. You can sell your home now for more money & have a delayed closing clause until 2008

9. Even though your home is on the market during the holidays you can restrict showings during the week of Christmas

8. January is typically a month where employees start new jobs- which means they need to buy a home in December if they are moving - meaning there are less options & your home will be more likely to sell.

7. Some people like to buy at the end of the year for tax reasons

6. Time - buyers have more time to shop during the holiday because they are typically not working or it is more “layed” back hours than a typical work week.

5. Buyers tend to think about their family a lot during the holidays - and a the home where they live in.

4. Homes show so well when decorated for the holidays, “warm & cozy”

3. The supply of listings dramatically increases in January making more competition & less demand for your home, meaning less money.

2.  Serious buyers have less homes to chose from during the holidays - less competition means more money for you.

The number one reason to list your home in December:

#1 No one will be “shopping” for a home during the holidays unless they have to, meaning they are highly motivated to buy!


Posted by Jamie Miller, filed under Did you know?, Madison Housing, Selling Your Home. November 30, 2007, 1:28 pm | No Comments »

19  Nov
Save on Heating Bills


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10 Ways to Winterize Your Home- courtesy of Christopher Solomon, MSN.com

1. Clean those gutters
Once the leaves fall, remove them and other debris from your home’s gutters — by hand, by scraper or spatula, and finally by a good hose rinse — so that winter’s rain and melting snow can drain. Clogged drains can form ice dams, in which water backs up, freezes and causes water to seep into the house, the Insurance Information Institute says.
As you’re hosing out your gutters, look for leaks and misaligned pipes. Also, make sure the downspouts are carrying water away from the house’s foundation, where it could cause flooding or other water damage

2. Block those leaks
One of the best ways to winterize your home is to simply block obvious leaks around your house, both inside and out, experts say.

First, find the leaks: On a breezy day, walk around inside holding a lit incense stick to the most common drafty areas: recessed lighting, window and door frames, electrical outlets.

Then, buy door sweeps to close spaces under exterior doors, and caulk or apply tacky rope caulk to those drafty spots. Outlet gaskets can easily be installed in electrical outlets that share a home’s outer walls, where cold air often enters.

Outside, seal leaks with weather-resistant caulk. For brick areas, use masonry sealer, which will better stand up to freezing and thawing.

 

3. Insulate yourself
“Another thing that does cost a little money — but boy, you do get the money back quick — is adding insulation to the existing insulation in the attic,” says Lipford. “Regardless of the climate conditions you live in, in the (U.S.) you need a minimum of 12 inches of insulation in your attic.”

Don’t clutter your brain with R-values or measuring tape, though. Here’s Lipford’s rule of thumb on whether you need to add insulation: “If you go into the attic and you can see the ceiling joists you know you don’t have enough, because a ceiling joist is at most 10 or 11 inches.”

A related tip: If you’re layering insulation atop other insulation, don’t use the kind that has “kraft face” finish (i.e., a paper backing). It acts as a vapor barrier, Lipford explains, and therefore can cause moisture problems in the insulation.

4. Check the furnace
First, turn your furnace on now, to make sure it’s even working, before the coldest weather descends. A strong, odd, short-lasting smell is natural when firing up the furnace in the autumn; simply open windows to dissipate it. But if the smell lasts a long time, shut down the furnace and call a professional.

It’s a good idea to have furnaces cleaned and tuned annually. Costs will often run about $100-$125. An inspector should do the following, among other things:
• Make sure that the thermostat and pilot light are working properly.
• Make sure that the fuel pipe entering your furnace doesn’t have a leak.
• Check the heat exchanger for cracks — a crack can send carbon monoxide into the home.
• Change the filter.

Throughout the winter you should change the furnace filters regularly (check them monthly). A dirty filter impedes air flow, reduces efficiency and could even cause a fire in an extreme case. Toss out the dirty fiberglass filters; reusable electrostatic or electronic filters can be washed.

5. Get your ducts in a row
According to the U.S. Department of Energy, a home with central heating can lose up to 60% of its heated air before that air reaches the vents if ductwork is not well-connected and insulated, or if it must travel through unheated spaces. That’s a huge amount of wasted money, not to mention a chilly house.

Ducts aren’t always easy to see, but you can often find them exposed in the attic, the basement and crawlspaces. Repair places where pipes are pinched, which impedes flow of heated air to the house, and fix gaps with a metal-backed tape (duct tape actually doesn’t stand up to the job over time).

Ducts also should be vacuumed once every few years, to clean out the abundant dust, animal hair and other gunk that can gather in them and cause respiratory problems.

6. Face your windows
Now, of course, is the time to take down the window screens and put up storm windows, which provide an extra layer of protection and warmth for the home. Storm windows are particularly helpful if you have old, single-pane glass windows. But if you don’t have storm windows, and your windows are leaky or drafty, “They need to be updated to a more efficient window,” says Lipford.

Of course, windows are pricey. Budget to replace them a few at a time, and in the meantime, buy a window insulator kit, Lipford and Broili recommend. Basically, the kit is plastic sheeting that’s affixed to a window’s interior with double-stick tape. A hair dryer is then used to shrink-wrap the sheeting onto the window. (It can be removed in the spring.) “It’s temporary and it’s not pretty, but it’s inexpensive (about $4 a window) and it’s extremely effective,” says Lipford.

7. Don’t forget the chimney
Don’t put off your chimney needs before using your fireplace.

Ask for a Level 1 inspection, in which the professional examines the readily accessible portions of the chimney, Eldridge says. “Most certified chimney sweeps include a Level 1 service with a sweep,” he adds.

Woodstoves are a different beast, however, cautions Eldridge. They should be swept more than once a year. A general rule of thumb is that a cleaning should be performed for every ¼ inch of creosote, “anywhere that it’s found.” Why? “If it’s ash, then it’s primarily lye — the same stuff that was once used to make soap, and it’s very acidic.” It can cause mortar and the metal damper to rot, Eldridge says.

Another tip: Buy a protective cap for your chimney, with a screen, advises Eldridge. “It’s probably the single easiest protection” because it keeps out foreign objects (birds, tennis balls) as well as rain that can mix with the ash and eat away at the fireplace’s walls. He advises buying based on durability, not appearance.

One other reminder: To keep out cold air, fireplace owners should keep their chimney’s damper closed when the fireplace isn’t in use. And for the same reason, woodstove owners should have glass doors on their stoves, and keep them closed when the stove isn’t in use.

Check out CSIA’S Web site for a list of certified chimney sweeps in your area.

8. Reverse that fan
“Reversing your ceiling fan is a small tip that people don’t often think of,” says Lipford. By reversing its direction from the summer operation, the fan will push warm air downward and force it to recirculate, keeping you more comfortable. (Here’s how you know the fan is ready for winter: As you look up, the blades should be turning clockwise, says Lipford.)

9. Wrap those pipes
A burst pipe caused by a winter freeze is a nightmare. Prevent it before Jack Frost sets his grip: Before freezing nights hit, make certain that the water to your hose bibs is shut off inside your house (via a turnoff valve), and that the lines are drained, says Broili. In climes such as Portland, Ore., or Seattle, where freezing nights aren’t commonplace, you can install Styrofoam cups with a screw attachment to help insulate spigots, says Broili.

Next, go looking for other pipes that aren’t insulated, or that pass through unheated spaces — pipes that run through crawlspaces, basements or garages. Wrap them with pre-molded foam rubber sleeves or fiberglass insulation, available at hardware stores. If you’re really worried about a pipe freezing, you can first wrap it with heating tape, which is basically an electrical cord that emits heat.

10. Finally, check those alarms
This is a great time to check the operation — and change the batteries — on your home’s smoke detectors. Detectors should be replaced every 10 years, fire officials say. Test them — older ones in particular — with a small bit of actual smoke, and not just by pressing the “test” button. Check to see that your fire extinguisher is still where it should be, and still works.

Also, invest in a carbon-monoxide detector; every home should have at least one.


Posted by Jamie Miller, filed under Did you know?, House, Madison Housing, Reference. November 19, 2007, 11:58 am | No Comments »

19  Nov
Good Characteristics of a Listing Agent


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Characteristics of a Good Listing Agent

Here are some of the characteristics sellers say they want in agent:

  • Sales Experience.
  • Education. Ask about degrees and certifications.
  • Honesty. Trust your intuition. Your agent should speak from the heart.
  • Networking. This is a people business. Some homes sell because agents have contacted other agents.
  • Negotiation skills. You want an aggressive negotiator, not somebody out to make a quick sale at your expense.
  • Good communicator. Sellers say communication and availability are key.

Posted by Jamie Miller, filed under Did you know?, Madison Housing, Selling Your Home. November 19, 2007, 11:51 am | No Comments »

09  Nov
Marketing Your Home to Sell


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A REALTOR® can offer you many suggestions to prepare your home so it looks its best when being shown to a buyer. Use the following checklist as a guide when preparing and showing your home for sale. (Courtesy of the WRA)

  • Do everything you can — inside and outside –to make your home as attractive as possible in the eyes of the buyer. First impressions last. Homes that look their best tend to sell faster and command every dollar they’re worth.
  • A fresh coat of paint for home, garage, even fences-may be the one improvement that creates the most positive first impression.
  • Lawn trimmed, clear of debris.
  • Gutters sealed and downspout clean.
  • Tidy front entrance. Door brass polished, worn trim or rusty mail box painted.
  • Storms and screens cleaned. New doormat put out. If possible, keep curbside free of parked cars.
  • Painting inside walls can pay dividends far beyond the time, effort and expense involved.
  • Tend to “little things”-oil squeaking doors, tighten loose cabinet knobs, take out removable stains, replace damaged floor tiles.
  • All windows, doors and drawers should open and close easily. Fasten loose tread plates, clean soiled carpeting.
  • The kitchen is one place in the home that buyers look at closely. Tighten leaky faucets, repair or replace faulty wall switches, outlets, light fixtures and any appliances that will “go with the home.”
  • The bathroom gets close scrutiny, too. Keep it spotless. Tiles scrubbed and grouted, faucets polished, toiletries and medicines in their chest. Laundry items in closed hamper.
  • Cleaned windows and clear, uncluttered closets and basement contribute to a more attractive home.
  • Clear out accumulated items from closets, cabinets and under counters-also from the garage. Consider holding a garage sale prior to showing your home.
  • Make home as light, airy and spacious as possible. Draw back drapes. Turn on a few extra lights.
  • Keep pets out of the way. Soft background music can contribute to a relaxed mood, but a loud radio or TV, like pets, will tend to be distracting.
  • Fresh bread or cookies baking in the oven help create a “homey” atmosphere.
  • Let your broker work for you. This real estate professional can answer questions on price, terms, possession, etc., and maintain objectivity in responding to buyer objections.

Posted by Jamie Miller, filed under Did you know?, FSBO, Madison Housing, Reference. November 9, 2007, 5:06 pm | No Comments »

09  Nov
Benefits of a Buyers Agent


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There are 3 types of rolls real estate agents play- a “buyers agent” & a “listing agent” or a “Sub-Agent” .

Buyers Agent- represents the buyer & the buyers best interest for any property for sale

Sub-Agent- works on behalf of the listing agent to work with buyers, but represents the sellers best interest. (For example, an Open House being held open by an agent other than the listing agent is acting as a sub-agent for that property).

Listing (Sellers) Agent-Represents the sellers best interest to sell their home.

Quite simply, a Buyers Agent represents Buyers & a Listing agent represents the Sellers.

Q: If you are looking for a home & see one for sale, it is best to call the number on the sign & speak with the listing agent?

A: No. Because you are a buyer, the listing agent is not representing your best interest. It is better to have another agent you trust & like working with to represent your best interest & have them contact the listing agent on your behalf to set up a showing.

The buyer’s agent works for the interests of the homebuyer, but also must know how to work with the listing agent. (Courtesy of the WRA) A buyer’s agent can:

  1. Give a negative opinion or critique of a seller’s property beyond disclosing defects.
  2. Recommend or suggest an offering price or give you an opinion about whether a particular house is priced too high or too low.
  3. Structure the offer and draft offer provisions with the buyer’s best interests in mind.
  4. Recommend and assist the buyer with negotiation strategies for the best price and terms.
  5. Disclose all information and research a property’s history and liens so the buyer can make an informed decision.
  6. Give advice within the scope of the agent’s expertise as a licensed real estate professional.

If you are working with a listing agent or a sub-agent, legally, they can not comment on the above information. That is why it is so important to have a buyer agent representing you.
A great place to find a buyers agent:

-Referral/Recommendation from a someone you know

-Attending open houses in the areas you’d like to live. A great way to casually interview someone to see if they would be make a good fit to show you around. Plus, the most likely know the neighborhood well if they are holding an open house there

-The internet — a growing referral source I recommend you look for agents who jive with your style & neighborhoods you are interested in. Pick up the phone & give them a call!

What’s more? A buyer agent is normally a no cost service to the buyer. The listing agent splits commissions with the buyers agent, so there is no out of pocket expense to you . The commission comes from the selling side.


Posted by Jamie Miller, filed under Did you know?, Madison Housing, Reference. November 9, 2007, 4:36 pm | No Comments »

01  Nov
What are buyers looking for?


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It’s a buyers market - for every buyer in Madison right now, there are 7 homes to chose from! What exactly are buyers looking for? What will make them say - that’s the one?

  • Pricing is EVERYTHING - if your home isn’t priced right for the market, it’s not going to sell. If it’s priced too high, you won’t even get potential buyers coming through to look at it. Why is this? Because they can go down the street -in the same neighborhood- and see a home priced $50,000 less for the same amount of space & a newer ammenities.
  • Yes, buyers can compare homes. The market is not what it was 3 years ago. Buyers have a choice. The choice is to move into a home that is “move in ready” for market value or purchase a home under market value that needs to be “fixed up”. It is very hard to sell a home in todays market that is priced at “market value” but needs a lot of work.
  • There are many homes in Madison that are in a great location/highly desirable neighborhoods. However, that alone will not sell a home in this market unless it is priced to sell.
  • Buyers are looking for newer amenities. If you are trying to sell a home without luck, the #1 thing you can do to sell your home is to install a new kitchen. Granite counter-tops & stainless steel appliances create that “wow” factor that is needed these days to sell a home
    • Be cautious of sinking a lot of money into a home though that is in a less-desirable location (i.e. a busy street).
  • Staging a home is necessary! If you need a fast sale - within 30 days- you need to stage your home. (I know 2 wonderful home stagers that are very inexpensive!) What this does is it presents your home in the most desirable way possible. A buyer coming through can see themselves living there. It also creates beautiful photos for the MLS and will get buyers through the door.
  • Fix the “big” issues. Buyers will not purchase a home they see as having major issues, like water in the basement, a roof that needs to be replaced or any type of damage -unless of course it is priced appropriately.
  • Buyers are looking for a good investment. Properties in great locations are selling if they are priced at market value.

Buyers can be picky; Sellers must pay attention to the above if they want/must sell their home.


Posted by Jamie Miller, filed under Did you know?, Madison Housing, Reference. November 1, 2007, 4:57 pm | 1 Comment »

01  Nov
Buyers Market in Madison


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If there was ever a time to buy real estate it’s now - with winter approaching & the market slow, there are many homes, condos & residential income properties out there that are incredible deals!

Many homes in wonderful neighborhoods are priced way under market assessment. Part of the reason is the time of year. Fall is traditionally as big of a season for real estate as spring. Many homes have been on the market since spring/early summer — prices have dropped dramatically because there has been little activity. Many sellers have already moved & are carrying 2 mortgages. If you are thinking of buying, there couldn’t be a more perfect time! Motivated sellers are out there and buyers are hard to come by which means most sellers are willing to look at all offers & negotiate.

On average there are 7 homes for sale in Madison per 1 buyer! This means buyers can be picky. If your home isn’t in tip-top shape with many desirable features - it HAS to be priced right to sell in this market so a buyer is willing to take the burden of the updates required, or quite simply, it needs to be fixed up & sold at the same price listed at now.

On average, Madison home prices increase 7-12% per year. If you purchased a home for $300,000, that is assessed at $325,000- you’ve already made $25,000. Add 12% increase year-over-year & you’ve landed yourself a nice investment.  Of course when you sell & the value of the property & what buyers are willing to pay will always determine the price you’ll receive.

Who should take advantage of these great deals:

-Those with extra cash to invest - the market will swing back up & you’ll get a nice return

-Those looking to diversify their investments - owning a property could be the biggest investment you’ll ever make & quite possibly the biggest return.

-Freshman students. Starting to look for a place to live next year? Your parents should consider an income property- which they can sell when you graduate in 3 years & make a nice profit to pay back college expenses! If you are planning to rent for 3 years, that is 36 months x $500 in rent, that is $18,000 going towards nothing when it could be going towards an investment.

-Those renting - yes, you have to have a down-payment to purchase & many renters do not have 10-20% to put down, but their are many available mortgage options that require much less than 10% down. In fact, it is quite common to have 3-5% down these days. The idea is your “monthly rent” is going towards an investment - not just in your landlords pocket.

-Those looking to purchase a second home. Looking to retire to Madison? There couldn’t be a more perfect time to buy !  There are many homes in wonderful areas of town that just need a little love.  If you purchase now, you’ll not only get a great price, but have time to fix it up to be move-in ready by the time you retire.

-Those currently living in a place they could rent easily, like a condo-many first time home buyers are living in condos - they’ve been there for 2 years or more & space is running out! They’d like a home, but it’s not the ideal market to sell a condo. There is an option:  rent your condo (if approved by your association) & purchase a home that is a good investment. Then, when the market swings up put your condo on the market.

-Those who like to fix-up homes -if you are handy it is a great time to buy a home to fix-up & turn it when the spring market hits. Buyers are looking for sparking kitchens, new baths & a great location. Homes that have these features that are priced right are selling. If you have the talent/skills to fix-up a place without having to outsource the work, you’ll get a great return for your investment next spring. There are numerous places in Madison in great locations just needing a little love.


Posted by Jamie Miller, filed under Condo, Did you know?, Home Finance, House, Madison Housing. November 1, 2007, 4:12 pm | No Comments »