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Mad City Dream Homes Real Estate Blog, Madison WI

As we approach the warmer summer months the Madison real estate market shifts from "over-heated" to "balanced". The graph below, which shows accepted offers by month, puts this shift into perspective. As the graph shows, buyer activity decreases in June, a very typical pattern for our market.  

 

Opportunities for summertime buyers

Because the market shifts in June, the summertime is a good market for opportunistic buyers. Plenty of new listings will hit the market in June, but competing offers and bidding wars will moderate. So right now is the time for buyers to stay engaged with their search and to act quickly when an appealing property is listed for sale. With a good supply of fresh inventory, and fewer competing buyers, the summer market

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As we inch closer to summer, outdoor festivals are starting to pop up on our radar again. These annual family-friendly events offer great opportunities to try new things and explore surrounding Dane County communities. Two cities south of Madison are gearing up for a weekend full of music, food, and fun from May 18-20: Stoughton and Fitchburg.

Syttende Mai Norwegian Heritage Festival

When: 9 a.m. to 10 p.m. Friday and Saturday, 9 a.m. to 5 p.m. Sunday
Where: Downtown Stoughton
Info: www.stoughtonfestivals.com

Even if you can't claim any Norwegian ancestry, Stoughton will have you embracing potato lefse, rosemaling painting, and Hardanger fiddle in no time. These are just a few traditions of this city's festival, which celebrates Norway's May 17th

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In the age of online everything, home buyers may be tempted to use online lenders. These lenders offer online mortgage applications and approvals, and claim to offer the best rates for your home purchase. But they may not be your best option. Karen Wedvick, a mortgage lender at Johnson Bank, explains why local lenders are best equipped to help you with your home purchase. "When buying the biggest purchase of your life, you might want some local advice. There are lots of things that kill deals besides your credit rating and interest rates," she says. Wedvick suggests buyers consider the advantages of a local lender:

1. Local Decision Making. A lender at a local bank is well-versed on the local market. They often approve their own loans (or have

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We just put the finishing touches on our latest single family home and condo reports, and as expected, rising prices and low inventory continue to be the two major themes in this year's real estate market. But how long can this sellers market in Madison last? We expect the market to favor sellers for a long time, and we explain why below. 

 

Why Madison is a long-term sellers market

The short and simple answer is the Madison area has many more people wanting to buy than owners willing to sell. We know this from our day-to-day work in the field, and our review of local market data confirms this is much more than a hunch. Here are 3 reasons why we know the city of Madison has many more buyers than sellers.

#1: Competing offers are at an all-time

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With Madison at its core, Dane County is the fastest growing county in Wisconsin. But that growth is spreading to surrounding communities as well, like the Village of Mazomanie. Halfway between Middleton and Spring Green along Hwy. 14, Mazomanie straddles the line between Dane and Iowa counties and helps bridge the gap between urban and rural life. It feels like small-town living, but you're just 20 minutes away from everything.

Part of this growth is due to larger businesses taking root here, such as Wick Buildings and Roundy's Distribution Center. Between 2000-2013, Electronic Theatre Controls (ETC), Plastic Ingenuity, and Cardinal Coated Glass also moved into large facilities in town that have attracted numerous employees. In turn, there has

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It's time to get outdoors and enjoy lingering in Downtown Madison. The first Madison Night Market of the year opens tonight at 6 p.m. Visit more than one hundred vendors along the streets, take advantage of the specials and sales at downtown businesses, and enjoy live music and entertainment along the way.

 "It’s a great opportunity to celebrate all the creativity in Madison," says Tiffany Kenney, Executive Director of Madison's Central Business Improvement District. "The Madison Night Market is designed to promote the ideas of shopping downtown, shopping local and shopping to support artisans."

The night market is in its second year, after attracting more than 5000 attendees to its monthly events in 2017. Visitors enjoyed the artwork, live music,

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At Mad City Dream Homes, we customize each marketing plan in order to deliver the best value for each home-selling client. This is one reason why we love selling luxury real estate; there are so many creative touches we can add for the truly special property.

Luxury real estate marketing examples

Below we share a few examples of the marketing tools we make available to our clients with high-end and luxury properties.

Staging with rented furniture

Sometimes it makes perfect sense to replace an owner's existing furniture with rented furniture individually selected by our stager. Such was the case with our recent Lake Monona condo listing in Downtown Madison. Notice how the low profile furniture adds a modern touch while allowing for an

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Dane County's beautiful parks and trails bring communities together by promoting healthy lifestyles through recreational and educational opportunities. To celebrate these resources and the many volunteers who support them, please join us at the Parks & Trails Unite Festival on Saturday, June 2.

This free community event will take place from 10 a.m. to 7 p.m. at both Lake Farm County Park on Madison's southeast side and McDaniel Park in McFarland. You can park on-site, take a free shuttle from the Alliant Energy Center, or ride your bike.

Bicycle racks will be available on the festival grounds, and Culver's frozen custard tokens will be available to those who bike to the event on a first-come, first-served basis. You won't need a trail pass

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This year's real estate market is the most challenging market we've seen for Madison area buyers. And yet we're helping more clients successfully buy in 2018 compared to any other year. Below we share a few reasons why so many of our clients are getting their offers accepted in this year's low inventory market. 

How our buyers are getting their offers accepted in 2018

#1: They're educating themselves on the market.

Our most successful buyers are meeting with us before they begin their search and asking questions about the home-buying process. They're learning up-front what it takes to successfully buy a home in this year's low inventory market.   

#2: They're submitting a personal letter with their offer. 

As listing agents we see only

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Finding the right home is only part of your real estate success.  Making sure your home is protected by proper coverage can be equally important.  Alex Wodarczyk of Liberty Mutual Insurance enjoys finding the proper protection for his clients. He offers this advice to homeowners seeking home insurance:

1. Know the difference between your replacement cost and actual cash value.  Ask your insurance provider to clarify what they are providing in your policy. Replacement costs can be calculated by removing the cost of your lot, and determining the cost to replace every part of your home, at 100% of the typical cost for the building and supplies.  Actual cash value is a different measurement of value. The cash value determines the cost of rebuilding your

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