Latest / Ask The Experts / A Willy St. Treat with Rock Realty

Transcript

A Willy St. Treat with Rock Realty · Ask The Experts

• 0:00
  Speaker 1: Eight thirty five thirteen ten wib A and ask the experts.
• 0:04
  Speaker 1: Hanging out this morning in studio with mister Matt Heidman.
• 0:07
  Speaker 1: Of course. Matt comes to us from Rockrealty Online Rock
• 0:10
  Speaker 1: Wisconsin dot com. That's ro ock Wisconsin dot com. A
• 0:15
  Speaker 1: great website to peruse. I know a lot of folks
• 0:18
  Speaker 1: have Thursday Friday off looking for something to maybe an
• 0:21
  Speaker 1: escape from family and other things. Just kind of wander
• 0:24
  Speaker 1: off to your own space and head on over to
• 0:26
  Speaker 1: the website rock Wisconsin dot com. That's Rock rock Wisconsin
• 0:29
  Speaker 1: dot com. Speaking of escaping to your own space, Matt,
• 0:33
  Speaker 1: how nice would it be to find a bigger home
• 0:35
  Speaker 1: for next year so you don't have to be so
• 0:37
  Speaker 1: close to the in laws? Nothing against the in laws,
• 0:39
  Speaker 1: We love the in laws. A little extra space always helps,
• 0:41
  Speaker 1: right and never go wrong.
• 0:43
  Speaker 2: I think I think Thanksgiving can help determine whether or
• 0:46
  Speaker 2: not you need a bigger home pretty fast.
• 0:48
  Speaker 1: Yes again, yes it can. As we talk with that
• 0:51
  Speaker 1: match the website Rock Wisconsin dot com. Dolphl number six
• 0:54
  Speaker 1: so eight six seven three fifty four hundred. That's six
• 0:56
  Speaker 1: seven three fifty four hundred. Are are you guys hosting
• 0:59
  Speaker 1: this year? Or are you track or a mixture of both.
• 1:01
  Speaker 2: Yeah, we'll be we'll be hosting. So we've gotten the
• 1:05
  Speaker 2: first of well probably three to four, maybe seven trips
• 1:08
  Speaker 2: to the grocery store already in and uh, we're just
• 1:13
  Speaker 2: nailing down the last items there.
• 1:15
  Speaker 1: I was, I was getting ready to come into the
• 1:17
  Speaker 1: office this morning, and I noticed, of course, we've got
• 1:21
  Speaker 1: some family coming in from out of town, and I
• 1:23
  Speaker 1: noticed the dinner rolls and they were in like a
• 1:25
  Speaker 1: variety of different packages. And I'm like, did she what
• 1:29
  Speaker 1: is going on here? And part of me is like,
• 1:31
  Speaker 1: maybe she's done several trips or maybe running to the
• 1:34
  Speaker 1: grocery store the most recent time there wasn't one of
• 1:38
  Speaker 1: one particular one. Yeah, or she's hijacking a food pantry.
• 1:42
  Speaker 1: I just don't know where she's getting. She wants options
• 1:44
  Speaker 1: for the guests, right, that's right, you got a you
• 1:47
  Speaker 1: got a favorite. I got a favorite Thanksgiving dish aside
• 1:50
  Speaker 1: from the turkey.
• 1:51
  Speaker 2: Ah, well, my mom always made this really good stuffing.
• 1:54
  Speaker 2: There's kind of a homemade stuffing, not to you know,
• 1:56
  Speaker 2: stovetoppers or anything, but so yeah, look looking forward to that.
• 2:00
  Speaker 2: It's a little gooeer than normal, but yeah, it just
• 2:03
  Speaker 2: makes it taste, he goes well with like the turkey
• 2:05
  Speaker 2: and stuff.
• 2:05
  Speaker 1: So fantastic, And he said, got hosting. And then you're
• 2:08
  Speaker 1: gonna do a little traveling as well.
• 2:09
  Speaker 2: Yeah, heading down to Dubuque and visiting family down there.
• 2:13
  Speaker 2: So well, that should be exciting trip.
• 2:16
  Speaker 1: That should be safe travels. And we've got is mentioned.
• 2:19
  Speaker 1: We've got a lot of really important stuff to talk
• 2:21
  Speaker 1: about on the program today. Of course, we're gonna look
• 2:24
  Speaker 1: to some recent numbers when it comes to where the
• 2:26
  Speaker 1: market stands here in southern Wisconsin. Dane Rock Jefferson, the
• 2:31
  Speaker 1: county is kind of what we've seen and what the
• 2:33
  Speaker 1: numbers are showing us when it comes to UH to
• 2:35
  Speaker 1: home sales. But first, of course, this week No Exception
• 2:38
  Speaker 1: featured listing a fantastic property. As a matter of fact,
• 2:41
  Speaker 1: you might have a taker here in the building. I
• 2:43
  Speaker 1: think Katie may be calling later this morning. Chad's listing
• 2:48
  Speaker 1: A listing a fantastic house in the heart of downtown
• 2:51
  Speaker 1: and one of the most vibrant, arguably the most vibrant
• 2:55
  Speaker 1: and amazing neighborhoods on Willie Street. Let's talk about this.
• 2:58
  Speaker 2: Yes, a colectic neighborhood. Yeah, and yeah, just nothing boring
• 3:04
  Speaker 2: down there, a lot of a lot of style, a
• 3:05
  Speaker 2: lot of character. It is at thirteen fifty six Williamson Street,
• 3:11
  Speaker 2: Unit one. That's it's a condo, so storefront on the
• 3:17
  Speaker 2: on the main floor, and then you've got the condo
• 3:20
  Speaker 2: there above. It's a two bedroom, one bath, twelve hundred
• 3:25
  Speaker 2: eighty square feet, you know, remodeled it looks like in
• 3:29
  Speaker 2: two thousand and four. But some of the things I
• 3:32
  Speaker 2: like about this it's really open concept, like the the island,
• 3:36
  Speaker 2: a lot of a cook prep area, cooking area, it's
• 3:40
  Speaker 2: got to one of those standalone hood fans that really
• 3:43
  Speaker 2: look nice. Lots of windows, just a really nice place.
• 3:46
  Speaker 2: I don't know, I know that when you look through it.
• 3:48
  Speaker 2: There's a few things that jumped out to you.
• 3:51
  Speaker 1: It's the building itself that it's in is it's got
• 3:54
  Speaker 1: that look of like you could easily see the history
• 3:58
  Speaker 1: there's it's whoever took the time to take care of
• 4:01
  Speaker 1: it over the years has done. To me, it's just
• 4:03
  Speaker 1: an amazing job keeping that building looking just absolutely yeah. Yeah,
• 4:08
  Speaker 1: and you think of the Willy Street you mentioned kind
• 4:09
  Speaker 1: of how eclectic it is there is I know for
• 4:13
  Speaker 1: a lot of people, I think there's actually, and you
• 4:14
  Speaker 1: would know. I'm telling you this you're in. This is
• 4:17
  Speaker 1: your world. But there's like a walkability score for real estate,
• 4:21
  Speaker 1: isn't there? And I've got to guess Willy Street is.
• 4:23
  Speaker 2: Oh, it's a fair I mean you can get everything
• 4:25
  Speaker 2: from groceries on different co ops and stuff to just
• 4:30
  Speaker 2: any restaurant you can imagine. So I know I head
• 4:34
  Speaker 2: to Willy Street occasionally just to hit the restaurants from Stoughton.
• 4:37
  Speaker 1: So you mentioned the co op. You won't ever have
• 4:39
  Speaker 1: to take that left turn into the co op and
• 4:40
  Speaker 1: be that first go the worst everybody nothing worse than
• 4:46
  Speaker 1: somebody try to make that left into the co op.
• 4:48
  Speaker 1: As we talked this morning with Matt Heyman, beautiful home again.
• 4:50
  Speaker 1: That's right a condo right at thirteen fifty six Williamson Street.
• 4:55
  Speaker 1: It's unit one. You can learn more by calling Chad
• 4:57
  Speaker 1: if you're looking to do a viewing or you're interested
• 5:00
  Speaker 1: in learning more about the property. Chad Bowers is the
• 5:02
  Speaker 1: listing agent on that hisself. When number six oh eight
• 5:05
  Speaker 1: two seven nine fifty nine eighty five, that's six oh
• 5:08
  Speaker 1: eight two seven nine fifty nine eighty five. We'll talk
• 5:12
  Speaker 1: a little bit more about this beautiful property again right
• 5:14
  Speaker 1: on Willie Street. You talk about being part of just
• 5:17
  Speaker 1: that's as about as Madison as you're going to get.
• 5:19
  Speaker 1: And some folks love and I can see why people
• 5:23
  Speaker 1: love being part of you know, historic neighborhoods and being
• 5:27
  Speaker 1: part of that, you know, deeply ingrained in the history
• 5:29
  Speaker 1: and culture of a community. It's not for everybody. Some
• 5:31
  Speaker 1: folks say, you know what, I want to move out
• 5:33
  Speaker 1: to some of the out And one of the things
• 5:34
  Speaker 1: I love about this area is you could be like
• 5:36
  Speaker 1: in the Asmiss and the heart and the hustle and
• 5:38
  Speaker 1: the bustle and all that stuff. And then you get
• 5:40
  Speaker 1: in your car and you drive twenty minutes in any
• 5:42
  Speaker 1: direction and you are in farmland or you're in the
• 5:45
  Speaker 1: you know a nice.
• 5:46
  Speaker 2: Yes, And I've said that when describing areas. Yeah, you
• 5:49
  Speaker 2: can be like in a downtown city area, you can
• 5:51
  Speaker 2: be suburbs, or you can be in the cornfield. All
• 5:53
  Speaker 2: within twenty or twenty five minutes.
• 5:55
  Speaker 1: How fantastic is and it's such a great, great opportunity
• 5:58
  Speaker 1: for folks and kind of going through some of these
• 6:00
  Speaker 1: numbers then across the county and throughout the area, whether
• 6:02
  Speaker 1: it's city, rural, suburban things are still it's it's pretty amazing.
• 6:09
  Speaker 1: Housing is home ownership is what a great what a
• 6:14
  Speaker 1: great opportunity for people, isn't it.
• 6:16
  Speaker 2: Yeah? Absolutely, I think that, you know, the market is
• 6:19
  Speaker 2: slowly shifting, right, It's not dramatic, but we are seeing
• 6:23
  Speaker 2: some changes. So with the October numbers, those the numbers
• 6:27
  Speaker 2: that bringing in today. Some of the stats here would
• 6:31
  Speaker 2: be the number of new listings. So for potential home buyers,
• 6:35
  Speaker 2: this is this is a good stat we've got. You know,
• 6:38
  Speaker 2: in twenty twenty three October numbers, we're looking like in
• 6:41
  Speaker 2: Dane County for four hundred and eleven new listings and
• 6:45
  Speaker 2: in twenty twenty four there were five hundred and eight.
• 6:48
  Speaker 2: That's almost a twenty five percent increase in the number
• 6:51
  Speaker 2: of new listings. So that's that's good news for potential buyers.
• 6:53
  Speaker 2: That was always the issue over the last few years.
• 6:56
  Speaker 1: Hey, you mentioned some of the some of the more
• 6:58
  Speaker 1: opportunity out there as folks are looking. And an increase
• 7:02
  Speaker 1: in Rock and Jefferson as well. Not quite as dramatic,
• 7:05
  Speaker 1: although Jefferson on nearly twenty percent increase as well in
• 7:09
  Speaker 1: new listings. But what a you know, talk about options
• 7:12
  Speaker 1: and opportunities, they're definitely out there. What about offers overall,
• 7:16
  Speaker 1: and that's always that's always an interesting, interesting aspect of
• 7:19
  Speaker 1: this is folks making offers and accepted offers. What are
• 7:23
  Speaker 1: we seeing kind of through the numbers there.
• 7:25
  Speaker 2: Yeah, so with accepted offers, there's also been an increase
• 7:29
  Speaker 2: and that's that's something that's been an issue the past
• 7:33
  Speaker 2: few years, is just the total number of transactions had
• 7:36
  Speaker 2: gone down quite a bit and so there's just fewer
• 7:40
  Speaker 2: there wasn't as much liquidity in the market. So you know,
• 7:43
  Speaker 2: I would say it's looking like, on average between the
• 7:46
  Speaker 2: three counties that we're tracking in this report, it's looking
• 7:49
  Speaker 2: at about five percent increase in number of accepted offers,
• 7:52
  Speaker 2: So buyers are getting out there, they're getting it's more
• 7:56
  Speaker 2: likely that they're they're getting their house, and that does
• 7:58
  Speaker 2: correlate to sold homes to it's maybe a little higher.
• 8:02
  Speaker 2: There's a few more sold homes, which means that they
• 8:05
  Speaker 2: probably had accepted offers in UH September, right, But yeah,
• 8:10
  Speaker 2: we're seeing an increase in both of those numbers.
• 8:12
  Speaker 1: And when I look at the accepted offers numbers, specifically
• 8:15
  Speaker 1: Jefferson County that has become and it's for good reason.
• 8:20
  Speaker 1: It's a it's a we talk about you know, there's
• 8:22
  Speaker 1: historic parts of jeff all of Jefferson County. There's there's
• 8:25
  Speaker 1: great history, but like there's like really cool downtownsh nice
• 8:29
  Speaker 1: little communities. And I'm noticing a pretty substantial uptick in
• 8:33
  Speaker 1: a number of accepted offers in Jefferson. And I've got
• 8:36
  Speaker 1: a guess that's for a lot of people taking note
• 8:38
  Speaker 1: and saying, you know what, we want the you know,
• 8:40
  Speaker 1: we want the convenience of Madison, but we want to
• 8:42
  Speaker 1: be able to pull back a little bit. You know
• 8:45
  Speaker 1: what I'm saying, Jefferson looks like it looks like a
• 8:48
  Speaker 1: pretty hot market for that.
• 8:49
  Speaker 2: Yeah. When I'm when I'm looking at the numbers, what
• 8:51
  Speaker 2: it's kind of leading me to believe is, you know,
• 8:53
  Speaker 2: for you know, three to four years now, Rock County
• 8:56
  Speaker 2: has been one of the hottest counties in the entire country.
• 8:59
  Speaker 2: I think that people were heading out of Dane County
• 9:02
  Speaker 2: down to Rock County finding affordability, but that also increased
• 9:07
  Speaker 2: the prices significantly. We were having huge double digit increases
• 9:10
  Speaker 2: for quite some time. And I think that people are
• 9:12
  Speaker 2: starting to discover Jefferson County a bit more. I think
• 9:15
  Speaker 2: they're starting to head out that way to find some
• 9:18
  Speaker 2: affordability outside of Dane County.
• 9:19
  Speaker 1: People like Rock County.
• 9:22
  Speaker 2: Hey, like we said, it's got a little bit of
• 9:24
  Speaker 2: everything for you.
• 9:25
  Speaker 1: Does as somebody who did just that. I fell in
• 9:27
  Speaker 1: love with with that, and it's it's a great We
• 9:30
  Speaker 1: talk about these, you know, these different home listings in
• 9:33
  Speaker 1: different areas and kind of looking at some of the numbers.
• 9:35
  Speaker 1: As Matt pointed out, there is definitely something for everybody,
• 9:39
  Speaker 1: and it's a really a good day to start that conversation.
• 9:42
  Speaker 1: Of course, you can learn more online the website Rock
• 9:44
  Speaker 1: Wisconsin dot com. That's Rock roc k Wisconsin dot com.
• 9:49
  Speaker 1: Del phone number six oh eight six seven three fifty
• 9:51
  Speaker 1: four hundred, that's six oh eight six seven three fifty
• 9:54
  Speaker 1: four hundred. Do you have a smartphone? Of course, you
• 9:56
  Speaker 1: got a smartphone. Do you have the app? You should
• 9:57
  Speaker 1: get the app MLS dot rocks. That's MLS dot rocks,
• 10:02
  Speaker 1: backslash app to download the Rock Realty app. And again,
• 10:06
  Speaker 1: it's so much fun to peruse, even if you're not
• 10:08
  Speaker 1: looking to buy or sell. It's always just an enjoyable
• 10:11
  Speaker 1: time to check out what's out there and get some
• 10:13
  Speaker 1: ideas and who knows, maybe it'll beak your interesting. You
• 10:16
  Speaker 1: know what, maybe next Thanksgiving we'll be spending it at
• 10:18
  Speaker 1: a beautiful new home for our family and just a
• 10:20
  Speaker 1: perfect get together again. More information online Rock Wisconsin dot com.
• 10:24
  Speaker 1: That's Rock r O c K Wisconsin dot com. Also, Matt,
• 10:28
  Speaker 1: we talked about the number of homes, the accepted offers,
• 10:30
  Speaker 1: sold homes, the prices of homes. It's again I mentioned earlier,
• 10:36
  Speaker 1: It's a good time to be in that market, isn't it.
• 10:39
  Speaker 2: Yeah, Yeah, I mean, what's what's surprising is, you know,
• 10:44
  Speaker 2: even though we have so many new listings and you know,
• 10:48
  Speaker 2: we've got yeah, and we'll talk about average days on
• 10:51
  Speaker 2: the market, home sitting a bit longer, we're still seeing
• 10:55
  Speaker 2: a pretty decent increase in home price regardless. And so
• 11:00
  Speaker 2: you're looking at twenty twenty three. In Dane County, the
• 11:03
  Speaker 2: median price of a single family home in October was
• 11:08
  Speaker 2: four hundred and twenty thousand, and in twenty twenty four
• 11:11
  Speaker 2: it was up to four fifty five two twenty five,
• 11:14
  Speaker 2: So it was over an eight percent change. Rock County
• 11:18
  Speaker 2: had over a three percent change to two hundred sixty
• 11:21
  Speaker 2: two thousand. Jefferson County almost almost ten percent up to
• 11:26
  Speaker 2: three hundred and fifty thousand in October. The three county
• 11:30
  Speaker 2: averager is sitting around seven point five percent average.
• 11:34
  Speaker 1: Nice, and that's you're talking earlier about. You know some
• 11:37
  Speaker 1: of these some of these hidden gems in Jefferson and
• 11:39
  Speaker 1: Rock County. Start to see some of those numbers as well.
• 11:42
  Speaker 1: There are some huge opportunities out there for folks that
• 11:45
  Speaker 1: are looking to look into to start maybe a first
• 11:49
  Speaker 1: time home buy or look to have that little little
• 11:52
  Speaker 1: getaway home that's out in the country. Definitely check that out.
• 11:54
  Speaker 1: We'll continue our conversation Matt, and we will get into
• 11:57
  Speaker 1: some of the average days on market what that means
• 11:59
  Speaker 1: if you're looking you buy, looking to sell. We'll get
• 12:01
  Speaker 1: those numbers for Matt. We will do that in just
• 12:02
  Speaker 1: a moment. If you haven't been to the website yet,
• 12:04
  Speaker 1: get on over there right away Rock Wisconsin dot Com.
• 12:07
  Speaker 1: That's r O c K Wisconsin dot Com. TELF number
• 12:11
  Speaker 1: six O eight six seven three fifty four hundred. That's
• 12:13
  Speaker 1: six seven three fifty four hundred. More of asked the
• 12:15
  Speaker 1: experts with Rockrealty and Matt Heyman next here on thirteen
• 12:18
  Speaker 1: ten wib A eight fifty thirteen ten Wi b A
• 12:23
  Speaker 1: and ask the experts hanging out with Matt Heyman of
• 12:25
  Speaker 1: Rockrealty the website Rock Wisconsin dot com. That's our Ock
• 12:30
  Speaker 1: Wisconsin dot com TELF number six oh eight six seven
• 12:32
  Speaker 1: three fifty four hundred. That's six seven three fifty four hundred.
• 12:36
  Speaker 1: Looking at the markets, where things are headed, where they
• 12:39
  Speaker 1: stand when it comes to the real estate market, and
• 12:42
  Speaker 1: uh and Matt, I look at the average days on market.
• 12:45
  Speaker 1: It may be getting longer, but it's not very long.
• 12:47
  Speaker 1: Houses aren't out there all that long, are they reading?
• 12:51
  Speaker 1: We're not.
• 12:51
  Speaker 2: We're not talking a couple months or anything. But yeah,
• 12:54
  Speaker 2: the average is ticking up. You know, in twenty twenty three,
• 12:58
  Speaker 2: we had averaged on the market right around let's say,
• 13:01
  Speaker 2: twenty to twenty five days for the you know, the
• 13:04
  Speaker 2: three counties we've been discussing, and now they're about six
• 13:09
  Speaker 2: to seven days longer. Right, So in Dane County you're
• 13:12
  Speaker 2: looking at thirty three days. I average on the market
• 13:16
  Speaker 2: Rock thirty days, but Jefferson only twenty three days. Yeah,
• 13:20
  Speaker 2: it's it's been it's been a little bit of a relief,
• 13:23
  Speaker 2: right We've got a little more balance in the market.
• 13:26
  Speaker 2: Buyers can go in and maybe think about their decision
• 13:29
  Speaker 2: for a night, maybe two days, you know, whereas before
• 13:32
  Speaker 2: you're rushing in you're trying to get your offer in.
• 13:35
  Speaker 2: There's many cases now that you know, buyers can submit
• 13:39
  Speaker 2: an offer and may not they may not even be
• 13:40
  Speaker 2: competing with other offers. So, you know, I'm just hoping that,
• 13:45
  Speaker 2: you know, if there's any potential buyers out there, they
• 13:47
  Speaker 2: know that this is just such a perfect time to
• 13:49
  Speaker 2: get out there and get a good.
• 13:50
  Speaker 1: Deal and inventories and looking good across whether it's urban rural,
• 13:55
  Speaker 1: it's it's all all okay.
• 13:57
  Speaker 2: Exactly, it's you know, it's it's still a sell market, however,
• 14:02
  Speaker 2: you know, it's it's about as close to a buyer's
• 14:05
  Speaker 2: market as it's been in you know, ten years.
• 14:07
  Speaker 1: Wow, And that's really really good news for folks. And
• 14:10
  Speaker 1: as we kind of break down some of these numbers,
• 14:13
  Speaker 1: Matt and I think surprise. I mean, as when you
• 14:15
  Speaker 1: look at when you get these numbers, anything in there
• 14:17
  Speaker 1: that kind of grabbed you like, oh, that's that is
• 14:19
  Speaker 1: definitely something that that I wasn't expecting her since you're
• 14:22
  Speaker 1: in this stage.
• 14:23
  Speaker 2: Yeah, you know, I would say that I am surprised that,
• 14:25
  Speaker 2: you know, we're still up so much year over year
• 14:28
  Speaker 2: in prices. I thought they might have balanced out. I think,
• 14:31
  Speaker 2: you know, there is a balancing going on, and you know,
• 14:34
  Speaker 2: when we're looking at a full twelve months ago, then
• 14:37
  Speaker 2: you know, maybe it's just you know, a little wider
• 14:41
  Speaker 2: spread than if we were just looking the last six months.
• 14:44
  Speaker 2: Things like that. So, you know, I think that prices,
• 14:47
  Speaker 2: I've seen a lot of price reductions in listings lately.
• 14:51
  Speaker 2: I'm seeing, you know, if you're a buyer that is
• 14:55
  Speaker 2: not afraid to do a little bit of sweat equity.
• 14:58
  Speaker 2: I mean some of the simplest things, just like having
• 15:01
  Speaker 2: to replace flooring in a kitchen or scaring off buyers
• 15:04
  Speaker 2: so or not, you know, they aren't making offers on
• 15:07
  Speaker 2: listings right. So I think there's opportunities out there for
• 15:10
  Speaker 2: buyers that can can put in a little even if
• 15:14
  Speaker 2: they're not got to do the work themselves. I mean,
• 15:15
  Speaker 2: call home depot, haven't replaced the floor all of a sudden,
• 15:18
  Speaker 2: you have a brand new looking kitchen, and you didn't
• 15:20
  Speaker 2: have to compete with any other buyers, and you've got
• 15:22
  Speaker 2: a great deal on it. Right. So if buyers can
• 15:24
  Speaker 2: just look past that maybe use some of these apps
• 15:26
  Speaker 2: then show them what it to look like. There's some
• 15:29
  Speaker 2: big opportunities out there.
• 15:30
  Speaker 1: Is there is that something too as you work with
• 15:32
  Speaker 1: a buyer's agent to can maybe have that conversation to say,
• 15:35
  Speaker 1: you know, we I'm not necessarily you know, I'm not
• 15:39
  Speaker 1: a professional contractor, but I've got I've got some skills
• 15:42
  Speaker 1: and maybe include some some houses that may need a
• 15:45
  Speaker 1: little TLC in our in our search. I mean, that's
• 15:47
  Speaker 1: got to be working with an agent, a good question
• 15:50
  Speaker 1: or a good conversation we having as well.
• 15:51
  Speaker 2: And that's why it's so good to actually sign a
• 15:54
  Speaker 2: contractor a buyer agent, because then they're working for you, right,
• 15:57
  Speaker 2: and then then they're making suggestions that they're opened up, right.
• 16:00
  Speaker 2: They don't have to like watch what they say, right,
• 16:03
  Speaker 2: because it's it's obvious they're working for you, you know,
• 16:05
  Speaker 2: and they're doing the best for you, right, and so
• 16:07
  Speaker 2: they can make recommendations that hey, in general, you know
• 16:11
  Speaker 2: from what I've seen recently, you're looking at ten to
• 16:14
  Speaker 2: twelve thousand for all this flooring on the first floor
• 16:16
  Speaker 2: or something like that. Just to just talk about what
• 16:19
  Speaker 2: their recent experiences and things, and you know, you can
• 16:21
  Speaker 2: adjust your price according land what you're making an offer on,
• 16:24
  Speaker 2: and you know, find yourself in a in a lower
• 16:28
  Speaker 2: mortgage payment and all you have to do is swap
• 16:31
  Speaker 2: out some flooring and you've got an amazing house.
• 16:33
  Speaker 1: Talk this morning with Matt Heytman of Rock Realty Online
• 16:36
  Speaker 1: Rock Wisconsin dot com. That's Rock r c K Wisconsin
• 16:40
  Speaker 1: dot com. TELF number six oh eight six seven three
• 16:42
  Speaker 1: fifty four hundred. That's six oh eight six seven three
• 16:45
  Speaker 1: fifty four hundred. Talk about a featured listing on Willie Street.
• 16:47
  Speaker 1: We'll get to that in just a moment. But you
• 16:48
  Speaker 1: mentioned lower mortgage payments. What about rates right now? Our
• 16:52
  Speaker 1: interest rates, I feel like they're in they're in a
• 16:56
  Speaker 1: good spot too. Is as we kind of break down
• 16:58
  Speaker 1: some of those those lending numbers. That's got to be
• 17:01
  Speaker 1: encouraging also.
• 17:02
  Speaker 2: Yeah, I mean in general, they're they're you know, lower
• 17:05
  Speaker 2: than a year ago. Right. There's been a recent kind
• 17:07
  Speaker 2: of uptick, you know. I think people once they heard
• 17:11
  Speaker 2: the FED was lower rates, thought that the rates would
• 17:13
  Speaker 2: drop quite a bit more and they haven't. And I
• 17:16
  Speaker 2: think that might be some of the reason that we
• 17:17
  Speaker 2: have better inventory out there, and we also have you know,
• 17:21
  Speaker 2: homes sitting on the market longer is because people are
• 17:24
  Speaker 2: are waiting for the five in front of their interest
• 17:27
  Speaker 2: rate and it may not come as soon as they think.
• 17:30
  Speaker 2: And so you know, if people can get off the
• 17:33
  Speaker 2: fence a bit and purchase now and then just refinance
• 17:36
  Speaker 2: if the rates do drop down into the fives, then
• 17:38
  Speaker 2: you know, that's that's the best way to do it,
• 17:40
  Speaker 2: so you don't you don't owe as much on your
• 17:42
  Speaker 2: mortgage when you get a when you get a good
• 17:44
  Speaker 2: deal on a home.
• 17:44
  Speaker 1: Do we see do we see people looking at adjustable
• 17:46
  Speaker 1: rate mortgages right now with that with that kind of
• 17:49
  Speaker 1: that prospect of lower rates to come.
• 17:51
  Speaker 2: I mean, it's you know, it's an attractive option. I
• 17:54
  Speaker 2: think that you know, you're probably getting maybe a half
• 17:58
  Speaker 2: point better, you know, if you if you do an
• 18:00
  Speaker 2: arm and as what they call them, an adjustable rate mortgage,
• 18:04
  Speaker 2: and it's it's something that won't be fixed for the
• 18:07
  Speaker 2: full thirty years, but if you you know, have a
• 18:10
  Speaker 2: good feeling that the rates are going to come down
• 18:12
  Speaker 2: after the fact, then it's a smart move. I did
• 18:14
  Speaker 2: it on my first house.
• 18:15
  Speaker 1: So and it's interesting when you mentioned the difference between
• 18:19
  Speaker 1: a fixed and an adjustable in they are. It seems
• 18:21
  Speaker 1: like that that's narrowing a bit or am I just
• 18:24
  Speaker 1: misunderstanding that it used to be And maybe I'm off
• 18:27
  Speaker 1: on that, but used.
• 18:27
  Speaker 2: To be like the it feels like it was a
• 18:29
  Speaker 2: bigger spread before. And I don't I don't know, but
• 18:31
  Speaker 2: I thought that the other day as well. But and
• 18:34
  Speaker 2: obviously the shorter the arm, the shorter length of time
• 18:38
  Speaker 2: that it's fixed, the actually better the rate, right because
• 18:42
  Speaker 2: it's less risk for the bank to have to hold
• 18:45
  Speaker 2: it for longer at that lower interest rate.
• 18:47
  Speaker 1: And we were talking earlier about you know, working with
• 18:49
  Speaker 1: a buyer's agent and obviously working with a good lender
• 18:51
  Speaker 1: that those go hand in hand, don't they?
• 18:53
  Speaker 2: Yeah, absolutely, And we've got some you know, a great
• 18:56
  Speaker 2: lender had them on before and west Cain with to Caine,
• 19:00
  Speaker 2: and you know we can get get you in touch
• 19:02
  Speaker 2: with him and find the best best option for you
• 19:04
  Speaker 2: with a with financing.
• 19:05
  Speaker 1: Great data. Start that conversation, pick up phone, give me
• 19:08
  Speaker 1: call six o' eight six seven three fifty four hundred.
• 19:10
  Speaker 1: That's six o' eight six seven three fifty four hundred.
• 19:13
  Speaker 1: Check out the website Rockwisconsin dot com. That's r O
• 19:16
  Speaker 1: c K Wisconsin dot com. Before we wrap up this
• 19:20
  Speaker 1: week and head on to our Thanksgiving thinking and our
• 19:23
  Speaker 1: Thanksgiving mindset, we're talking about the featured listing this week
• 19:27
  Speaker 1: and what a great place this is right on Williamson Street,
• 19:32
  Speaker 1: right at thirteen fifty six Williamson Street. Unit won. A
• 19:36
  Speaker 1: beautiful building and this and this condo they took some
• 19:39
  Speaker 1: time to really do a very very nice, very uh.
• 19:43
  Speaker 1: They respected that clearly the history of that of that building,
• 19:47
  Speaker 1: but made it feel very modern, very clean, very nice. Yeah.
• 19:50
  Speaker 2: Yeah, thirteen fifty six Williamson Street, Unit one listed for
• 19:53
  Speaker 2: four hundred and eighty nine thousand dollars. Awesome island, amazing
• 19:58
  Speaker 2: hardwood floors, open concept, well lit, ten ceilings in the kitchen.
• 20:02
  Speaker 2: Just beautiful if you want that Willy Street area experience.
• 20:06
  Speaker 1: And a gas fireplace so.
• 20:08
  Speaker 2: Well, I mean there's that too, especially at day like
• 20:10
  Speaker 2: today and the ones that we have upcoming.
• 20:13
  Speaker 1: Yeah, it should be. It should be great. Weeks had
• 20:15
  Speaker 1: great day to check out the house. I gotta pick
• 20:16
  Speaker 1: up the phone. Give Chad a call six oh eight
• 20:18
  Speaker 1: two seven nine fifty nine eighty five. That's two seven
• 20:21
  Speaker 1: nine fifty nine eighty five for a showing. Chad would
• 20:24
  Speaker 1: love to talk to you if you've got questions as well.
• 20:25
  Speaker 1: Speaking of phones, to call numbers to call six o'
• 20:28
  Speaker 1: eight six seven three fifty four hundred. That's where you'll
• 20:30
  Speaker 1: find Rock Realty. Head them out, head on over to
• 20:32
  Speaker 1: the website rock Wisconsin dot com. That's r O c
• 20:35
  Speaker 1: K Wisconsin dot com. Matt, it's always great seeing you. You
• 20:38
  Speaker 1: have a fantastic Thanksgiving. We'll talk soon you too, Matt
• 20:40
  Speaker 1: Heiman of Rock Realty. Dan O'Donnell He comes your way
• 20:43
  Speaker 1: next right here on thirteen ten, dol. Will you iby
• 20:45
  Speaker 1: right