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Buying vs. Renting with Rock Realty · Ask The Experts

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Speaker 1: Height thirty five thirteen ten Wi b A and ask
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Speaker 1: the experts with Rock Realty in studio this morning with
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Speaker 1: Matt Heytman of Rockrealty. The website rock Wisconsin dot com.
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Speaker 1: That's rock Wisconsin dot com. A couple other things too
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Speaker 1: as we talk about being online. To keep in mind
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Speaker 1: if you're looking to buy, if you haven't checked out
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Speaker 1: Wisconsin buy your Agent dot com, definitely get there today.
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Speaker 1: That's Wisconsin Buyeragent dot com. It's a cool, cool way
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Speaker 1: to get to know the agent. Set up a conversation
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Speaker 1: with the agents at Rockrealty as well. And I noticed
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Speaker 1: Matt by the way, good morning, Good morning. You have
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Speaker 1: some tag team. There's Lindsay and Kyle. Yeah they do
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Speaker 1: they sell together. Do they work as a tandem. Yeah.
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Speaker 2: I would say she does a lot of the showings,
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Speaker 2: she does all the work.
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Speaker 1: Let's be here.
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Speaker 2: Well, he's a remodeler. As a team, they work out great.
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Speaker 1: So if you're going through a house and it might
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Speaker 1: need some work, oh, you can have Kyle do the work.
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Speaker 2: And get some quotes for you, and then Lindsay will
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Speaker 2: get the contracts and get you a good deal.
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Speaker 1: These are the things that you learn when you go
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Speaker 1: to Wisconsin buyer Agent dot com. You can get a
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Speaker 1: little profile on all the different agents. You can also
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Speaker 1: request a phone call. Again, just head on over to
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Speaker 1: the website Wisconsin Buyeragent dot com. That's all singular Wisconsin
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Speaker 1: buyer Agent dot com. In the website for Rockrealty Rock
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Speaker 1: Wisconsin dot com, that's oro Ock Wisconsin dot com. We're
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Speaker 1: gonna be talking about renting versus buyings. There are pros
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Speaker 1: and cons to each, and we'll kind of break down
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Speaker 1: some of those areas that you need to think about
1:27
Speaker 1: if you're thinking about buying, if you're continuing to rent,
1:30
Speaker 1: what you need to think about when it comes to
1:32
Speaker 1: the pluses and minuses on that. But before we get
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Speaker 1: rolling on that conversation, one of the cool things we
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Speaker 1: do each week here is a featured listing, And this
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Speaker 1: week we've got a really really nice, really nice house
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Speaker 1: in Portage. We're going north to town this week, aren't we, man, Yeah.
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Speaker 2: A little north. Yeah, that's N seven five seventy nine
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Speaker 2: Pine Ridge Circle and that's in Portage.
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Speaker 1: It's listened for four.
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Speaker 2: Hundred and twenty five thousand dollars and it's a it's
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Speaker 2: a beautiful setting.
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Speaker 1: Yeah, beautiful setting.
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Speaker 2: One point eight one acres and it's got four bedrooms
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Speaker 2: and over twenty four hundred square feet.
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Speaker 1: And you mentioned the setting, and folks want to head
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Speaker 1: on over to rock Wisconsin dot com you can see
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Speaker 1: this firsthand yourself. Beautiful tall pine trees, a wooded area
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Speaker 1: right around the lot. It's and you think about that
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Speaker 1: is you start seeing those big tall pines and big
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Speaker 1: trees like that, mature trees, I think is what they
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Speaker 1: call those. Those don't come come around overnight. I mean,
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Speaker 1: those are those are things that have grown and been
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Speaker 1: cared for over the years. And uh, what a really
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Speaker 1: really cool house. Four bedrooms, three three baths Columbia County.
2:39
Speaker 1: Columbia County has as nice taxes. Yeah, if you're if
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Speaker 1: you're somebody that's saying, you know what, I want some
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Speaker 1: cool amenities. I want a great locale and I don't
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Speaker 1: want to pay a ton. It is a pretty good
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Speaker 1: place to be for.
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Speaker 2: That, I think. So it's a fairly quick interstate trip
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Speaker 2: down as well, so the commute is not too bad
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Speaker 2: to Madison.
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Speaker 1: It's one of those split I think a lot of
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Speaker 1: folks are familiar with that kind of that that split
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Speaker 1: level home. And I did notice too, like the entry
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Speaker 1: way has got it's got a really cool when you
3:10
Speaker 1: pull in the driveway, you kind of there's like a
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Speaker 1: little the sidewalk is got a little curve to it,
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Speaker 1: and there's some really really nice shrubbery and some landscaping there,
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Speaker 1: and it really makes that the home and we're talking
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Speaker 1: about very welcoming, and it kind of sets the stage
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Speaker 1: for like a really really comfortable, cozy home. Yeah, I
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Speaker 1: think so.
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Speaker 2: And then it also helps to expose the basement so
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Speaker 2: you get some natural light down there, So it really
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Speaker 2: helps with that lower level finished square footage when you
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Speaker 2: have some natural light coming in.
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Speaker 1: And you mentioned square footage four hundred and seventy square feet,
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Speaker 1: that's a that's a good size home for sure.
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Speaker 2: So absolutely, Yeah, three different bathrooms as well.
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Speaker 1: Maybe talking every show all I gotta do is called
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Speaker 1: Chad Bower. He is the featured agent on this listing.
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Speaker 1: Chad Bowers teal Phe number six so eight two seven
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Speaker 1: nine fifty nine eighty five. That's two seven nine fifty
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Speaker 1: nine eighty five. Chad, talk a little bit more about
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Speaker 1: this beautiful listing in Portage in just a moment. But Matt,
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Speaker 1: we're going to talk this week about renting versus buying,
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Speaker 1: and there are obviously with any decision in life, there
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Speaker 1: are some considerations, and you certainly want to want to
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Speaker 1: make sure that you work through some of this stuff.
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Speaker 1: And there are of course pros and cons specifically here
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Speaker 1: in Dane County when we talk about especially the Madison
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Speaker 1: are yeah, renting there are some unique, unique things to
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Speaker 1: all the markets, but especially Madison and the renting market.
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Speaker 1: Let's talk about some of the pros to renting here
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Speaker 1: in Dane County and some of the things that that
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Speaker 1: kind of benefit folks. And I guess the first thing
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Speaker 1: that I noticed on your notes was the flexibility and
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Speaker 1: the mobility of being a renter. You're not really tied down,
4:43
Speaker 1: are you. Yeah, it's it.
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Speaker 2: It's probably one of the number one reasons people decided
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Speaker 2: to rent versus buy. And it gives you the ability
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Speaker 2: to only be committed a verse a certain amount of time,
4:52
Speaker 2: not I have to worry about selling your property per se.
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Speaker 2: You could rent in one location, move to another location
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Speaker 2: if the if your job warrants it, and if you
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Speaker 2: have to get relocated for some reason, and just gives
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Speaker 2: you a little more flexibility when you're doing that versus
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Speaker 2: home ownership.
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Speaker 1: Is there is there something too for a market for
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Speaker 1: folks that are looking for rentals. I know we've got
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Speaker 1: like EPIC, and we've of course got a lot of professors.
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Speaker 1: A friend of mine, her and her husband, both doctors.
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Speaker 1: They had a beautiful house here in town, and I
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Speaker 1: learned when they moved that they had actually been renting.
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Speaker 1: They had rented that house because they didn't know, you know,
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Speaker 1: what their next what their next step was as we talk,
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Speaker 1: and I know this is probably kind of turning it
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Speaker 1: a little bit and we'll get into the benefits of
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Speaker 1: home ownership, but it's also a good market, not just
5:37
Speaker 1: to be a renter, but it's also to be a
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Speaker 1: landlord of property owner with rental property, isn't it? Sure?
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Speaker 2: Absolutely? And you know, proximity to larger, you know, employers
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Speaker 2: like you had mentioned like EPIC really does affect not
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Speaker 2: only you know, the rentals in the area, but it
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Speaker 2: also ends up affecting house prices as well. How much
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Speaker 2: Varna has grown since EPIC came into town, and that's
6:00
Speaker 2: happened with both nice apartments that have been built as
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Speaker 2: well as a brand new subdivision.
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Speaker 1: You know, there's a lot of things from I remember
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Speaker 1: as a renter that I don't miss at all as
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Speaker 1: a homeowner. One thing that I that I do kind
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Speaker 1: of miss is this next one, which is that maintenance
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Speaker 1: free lifestyle and not having there is nothing to worry
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Speaker 1: about because at the end of the day, as a renter,
6:20
Speaker 1: that's not my problem. Yeah.
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Speaker 2: You know, if you have anything that breaks down in
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Speaker 2: the apartment isn't working properly, whether it's plumbing or electrical,
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Speaker 2: it is the landlord's responsibility. But that doesn't mean that
6:32
Speaker 2: you need to have a good landlord because you know
6:34
Speaker 2: they're out there waiting for a few days to a
6:36
Speaker 2: week to have things repaired. You know, maybe that's not
6:39
Speaker 2: as convenient, but for the most part, yeah, you don't
6:43
Speaker 2: have to worry about having anything fixed because they'll have
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Speaker 2: their maintenance guys come out and you won't need to
6:48
Speaker 2: know how to replace that faster.
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Speaker 1: One of the things I learned too in home ownership
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Speaker 1: is if if you don't want to worry about it,
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Speaker 1: there are plenty of people that if you give them
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Speaker 1: a little bit of money, they will come and take
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Speaker 1: care of your problems at your home.
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Speaker 2: There you go, there you go, or back in the
6:59
Speaker 2: day I work at home Depot. You know, they have
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Speaker 2: enough little classes and clinics they can actually you can
7:03
Speaker 2: actually learn how to do it yourself.
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Speaker 1: So I you know what, and this is just completely
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Speaker 1: popped into my head. You guys have closing, should should
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Speaker 1: do like a little thank you Home Depot gift card
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Speaker 1: to new homeowners, just like.
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Speaker 2: That's typically actually what I give is though, Oh yeah.
7:17
Speaker 1: That's such a perfect years many years ago, when we
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Speaker 1: bought our first home, my friend Dave said, he's like,
7:24
Speaker 1: he's like, congratulations, and he's like, I'll see you at Minard's. Yeah,
7:27
Speaker 1: there you go.
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Speaker 2: When I first first purchased at my first home, one
7:31
Speaker 2: of the big purchases at the time was to get
7:34
Speaker 2: an appliance dolly, the one that has the strap or
7:36
Speaker 2: the appliance in It's been well twenty three years and
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Speaker 2: I still have that appliance DOLLI and I still have
7:42
Speaker 2: friends borrowing it all the time.
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Speaker 1: I can't believe I still have it.
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Speaker 2: I figured they just keep it in their garage and
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Speaker 2: I never get it back one of these times.
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Speaker 1: Yeah, exactly. Yeah, It's one of those things that it's
7:52
Speaker 1: the fun part too. By the way, when you when
7:54
Speaker 1: you first buy your home, and we'll talk about some
7:56
Speaker 1: of the great pros and cons of it. It's some
7:58
Speaker 1: of the neat little things that you can do. Since
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Speaker 1: it's your home, your property, you can do pretty much
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Speaker 1: anything you like. But real quick, before we get to
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Speaker 1: buying a couple of things. On the renting side, there
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Speaker 1: are some there are some cons and I'll say, and
8:11
Speaker 1: this is me speaking here, some pretty significant cons to
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Speaker 1: renting one and this is the I think the biggest one.
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Speaker 1: You're not building equity. You're not that money is building
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Speaker 1: somebody else's equity that's paying off somebody else's mortgage, isn't it.
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Speaker 2: Yeah, absolutely, I'm you know, in equity building, I guess
8:27
Speaker 2: in some way it goes two different directions. One is
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Speaker 2: paying down the principle on your house, having your payments
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Speaker 2: actually go towards the equity in your home. And the
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Speaker 2: other is, you know, realizing appreciation and house value. Right,
8:42
Speaker 2: so as you're sitting in an apartment, if the housing
8:45
Speaker 2: market continues to go up like it has for so many,
8:48
Speaker 2: well decades really at this point, that you're not taking
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Speaker 2: advantage of that to that rise in the prices of
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Speaker 2: the house.
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Speaker 1: And the other thing is is we kind of walk
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Speaker 1: through this week with Matt Heytman of Rock Realty, Renting
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Speaker 1: versus buying here in Dane County. As we're talking about renting,
9:03
Speaker 1: talked about some of the pros, touching on a couple
9:05
Speaker 1: of the cons as well. With renting is Madison is
9:09
Speaker 1: especially with Dane County and the adjacent counties. Also when
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Speaker 1: it comes to rental units, there is a shortage, which
9:18
Speaker 1: means if you're looking to move or you're looking to
9:20
Speaker 1: move in, it's a lot of work and it can
9:23
Speaker 1: be very hard to find that right place and it
9:26
Speaker 1: also can be hard to find one that's that's affordable.
9:29
Speaker 1: I mean it, it can get very expensive to rent
9:31
Speaker 1: and it can be a hard a hard competition to
9:34
Speaker 1: find that right spot. Can'ton.
9:35
Speaker 2: Yeah, and there's you know, there's been just significant rent
9:38
Speaker 2: increases as of late. And you know when when you
9:42
Speaker 2: have a competitive market, the landlords get to be a
9:45
Speaker 2: little more picky and they can find that person that makes,
9:47
Speaker 2: you know, three or four times that the amount of
9:50
Speaker 2: rent and they don't have any debt and stellar credit
9:53
Speaker 2: rating right So it becomes harder and harder to find
9:55
Speaker 2: a place. But I think it's I think it's important
9:57
Speaker 2: with the rent increases that people realize as the cost
10:01
Speaker 2: of housing regular houses go up, as the interest rates
10:04
Speaker 2: go up, and such rent is going to stay ahead
10:07
Speaker 2: of that because as someone that owns the building, you
10:10
Speaker 2: don't want to be making less than what you have
10:12
Speaker 2: to pay for that building. So as a mortgage, uh,
10:16
Speaker 2: you know, costs would go up because of interest rates.
10:19
Speaker 2: So with the rent and the rent has to stay
10:20
Speaker 2: ahead of it.
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Speaker 1: So I always say, whenever people complain about gas prices,
10:24
Speaker 1: why they go up? I always say, because they can,
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Speaker 1: And the same it kind of holds true with especially
10:28
Speaker 1: in a hot market like Madison, Why did my rent
10:31
Speaker 1: go up? Because it can? Because if you're not willing
10:34
Speaker 1: to pay that, somebody else, somebody else absolutely is. As
10:37
Speaker 1: we're talking this week with Matt Heyman, of course, Matt
10:39
Speaker 1: comes to us from Rockrealty Online Rock Wisconsin dot com.
10:43
Speaker 1: That's roc K Wisconsin dot com. Also great website. If
10:46
Speaker 1: you are looking to buy a home you want to
10:49
Speaker 1: get to know the agents at Rock Realty, just head
10:51
Speaker 1: on over to Wisconsin Buyeragent dot com. That's Wisconsin Buyeragents
10:57
Speaker 1: dot com. You can learn more about the agents at
11:00
Speaker 1: at Rock Realty. You can also not only read their buyos,
11:03
Speaker 1: but you can also request a phone call and start
11:05
Speaker 1: a conversation with them as well. Again that website, Wisconsin
11:08
Speaker 1: buyeragent dot com. Let's talk about some of the pros
11:12
Speaker 1: of buying here in Dame County. And as we're talking
11:16
Speaker 1: with the rental side, one of the big one of
11:19
Speaker 1: the big cons is no equity building. Let's talk about buying.
11:23
Speaker 1: You're on the other side of that equation, now, aren't you. Yeah, exactly.
11:25
Speaker 2: And you know, the longer you can be in a home,
11:28
Speaker 2: the more principle you're going to be able to pay down. Yeah,
11:31
Speaker 2: every portion of every payment goes towards your principle. If
11:35
Speaker 2: you round up or even make double payments, you'll be
11:38
Speaker 2: paying off that debt even quicker. And you know, eventually
11:43
Speaker 2: that becomes a significant amount, you know, and the spread
11:46
Speaker 2: between what the house value is in the market versus
11:49
Speaker 2: what you owe is something that can even be tapped
11:52
Speaker 2: into as well with the home equity loan, So it's
11:55
Speaker 2: not like the money disappears into thin air. You can
11:58
Speaker 2: actually still gain access to that when you need it.
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Speaker 1: Do you guys help it? And I know the answer
12:02
Speaker 1: to this question, but I'll put it out there. I
12:04
Speaker 1: talk to and I know for a lot of folks,
12:06
Speaker 1: especially trying to buy their first home, they see property values,
12:10
Speaker 1: home values they've gone up, and they're saying, how can
12:13
Speaker 1: I get in? There are amazing things out there for folks,
12:18
Speaker 1: first time home buyers, people looking to get into certain areas.
12:22
Speaker 1: I know that there's some really advantageous mortgages with some
12:25
Speaker 1: great rates. If you're maybe not right on the isthmus,
12:28
Speaker 1: but some of the outlying areas. Your agents work with
12:31
Speaker 1: folks and that may be saying, well, I don't think
12:33
Speaker 1: I can, but let's start this conversation, work them and
12:37
Speaker 1: find a way to get them that write home and
12:39
Speaker 1: get them into that home.
12:40
Speaker 2: Well, even even if you don't think you can qualify,
12:42
Speaker 2: it's good to know to know where you need to
12:45
Speaker 2: go as well, Hey I need to get this car
12:47
Speaker 2: paid off before I can afford a much larger purchase value,
12:52
Speaker 2: right to know, Hey I need to improve my credit
12:55
Speaker 2: just a bit more and this is how I can
12:57
Speaker 2: do it. So regardless having them contact you know a lender,
13:00
Speaker 2: and we have a preferred lender that we love working with,
13:03
Speaker 2: and you know, getting them in touch early so that
13:06
Speaker 2: you can have a goal and a guideline of where
13:09
Speaker 2: you want to be. It's really important.
13:11
Speaker 1: And speaking of the dollars and cents, when it comes
13:15
Speaker 1: to home ownership, thing that you suddenly discover is you
13:19
Speaker 1: pay close attention to some of the tax benefits of
13:22
Speaker 1: owning home. You've got something that you can start talking
13:25
Speaker 1: about deductions and other things, don't you. Yeah.
13:27
Speaker 2: Usually it's when you first purchase a house that you
13:30
Speaker 2: start itemizing your tax deduction versus just taking kind of
13:34
Speaker 2: the standard deduction. Right. That's because you can use property
13:39
Speaker 2: taxes and write those off. You can use the interest
13:41
Speaker 2: you paid on your mortgage and write that off. So
13:44
Speaker 2: not only are you building equity, but you're able to
13:48
Speaker 2: kind of increase your expenses to the tax man.
13:51
Speaker 1: Yeah. I remember one of the big associations put out
13:54
Speaker 1: a couple of years ago some of the benefits of homeownership,
13:58
Speaker 1: and they talk about different things like about children performing
14:02
Speaker 1: Like you wouldn't think this, but kids who live in
14:04
Speaker 1: homes that are that are owned as opposed to rent
14:07
Speaker 1: and do far better in school. You think, well, that's
14:10
Speaker 1: that is interesting. The other thing that I saw is
14:13
Speaker 1: the long term financial growth that is a significant impact
14:17
Speaker 1: for home ownership. Folks that own homes tend to financially,
14:22
Speaker 1: do quite, They do much better, don't they.
14:24
Speaker 2: Yeah, I mean over the long term, real estate is
14:27
Speaker 2: one of the best investments you can you can put
14:29
Speaker 2: your money in, and long term all of us look
14:34
Speaker 2: back and say, wow, if I just kept that one house.
14:37
Speaker 1: Yeah, look how much it's worth.
14:39
Speaker 2: Now, right, I mean, you know, over the over the
14:41
Speaker 2: longer term, yes, you'll have some downward dips, but over
14:44
Speaker 2: the longer term it always increases and tends to, you know,
14:48
Speaker 2: outpace inflation. So it's a great investment.
14:50
Speaker 1: It's a fantastic investment. It's a great time to start
14:53
Speaker 1: that conversation you've been looking to buy a home. Rock Realty.
14:56
Speaker 1: They've got fantastic agents for you. If you head on
14:59
Speaker 1: over to the website Wisconsin buyeragent dot com, you can
15:03
Speaker 1: learn more about the agents at Rock Realty. You can
15:05
Speaker 1: also request a phone call start a conversation with them.
15:08
Speaker 1: As we talk about you don't know what you don't know,
15:10
Speaker 1: and it's a great time you've been thinking about if
15:12
Speaker 1: you wanted to own a home, start that conversation and
15:15
Speaker 1: they can they can definitely work with you to see
15:17
Speaker 1: what options are available to you. As we talked this
15:20
Speaker 1: week with Matt Heytman of Rockrealty, and there are there
15:24
Speaker 1: are some things when at the cons of home ownership,
15:26
Speaker 1: there are things you have to be aware of. This
15:28
Speaker 1: first one higher upfront costs, and this is I think
15:31
Speaker 1: for a lot of people that can be that that hurdle,
15:34
Speaker 1: that that either is legitimately holding them back or at
15:37
Speaker 1: least perceived there to hold them back.
15:40
Speaker 2: Yeah, yeah, I mean, you know, the costs are can
15:43
Speaker 2: be significant. Right, You've got your down payment and that
15:47
Speaker 2: can range between three percent and twenty percent, you know,
15:51
Speaker 2: first time home buyers. Sometimes there's a down payment assistance
15:54
Speaker 2: programs too, which actually you can get you into home
15:56
Speaker 2: virtually with no down payment, but there are other costs
16:00
Speaker 2: and things up front. It's important to know that you
16:03
Speaker 2: can work some of those closing costs and prepaid items
16:07
Speaker 2: like your homeowner's insurance and such. You can work that
16:10
Speaker 2: into an offer so that the seller credits you for that.
16:13
Speaker 1: So there are ways to.
16:14
Speaker 2: Work around that, and our agent are very aware of
16:17
Speaker 2: that and you can hopefully get you first time home
16:19
Speaker 2: buyers in a house at a very low initial cost
16:22
Speaker 2: compared to what it could be.
16:23
Speaker 1: I'm hearing from folks that are renting about and looking
16:26
Speaker 1: for new places, the amount they're paying in security deposits.
16:29
Speaker 1: At some point, I'm going it's here in front of
16:31
Speaker 1: down payment.
16:32
Speaker 2: Are sure, Yeah, first month's rent, last month's rent, security deposit, Yeah,
16:35
Speaker 2: it's it's It adds up quick.
16:37
Speaker 1: It can definitely add up quick. As we talked this
16:39
Speaker 1: week with Matt Heyman. Of course, Matt comes to us
16:41
Speaker 1: from Rockrealty the website Rockwisconsin dot com. That's oro ock
16:45
Speaker 1: Wisconsin dot com. When you're over there, make sure you
16:47
Speaker 1: check out this week's featured listening right at n fifty
16:51
Speaker 1: seventy five seventy nine Pine Ridge Circle in Portage. We'll
16:55
Speaker 1: talk a little bit more about that, but you can
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Speaker 1: see it right at Rockwisconsin dot com. So we're talking
17:00
Speaker 1: about some of the pros and cons are both renting
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Speaker 1: and buying and working our way through the buying side
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Speaker 1: right now, and some of the some of the cons. Obviously,
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Speaker 1: when you buy a home, there is a there is
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Speaker 1: a commitment to that home. Is you can't just in
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Speaker 1: the middle of the night, pack up your stuff and
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Speaker 1: leave and say this is somebody else's problems. You are
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Speaker 1: really you are really getting into a commitment aren't you.
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Speaker 2: Yeah, absolutely, I mean it's it's not an up and move,
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Speaker 2: you know, every every year or so kind of investment. Right,
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Speaker 2: you can do that. However, with all the costs of actually,
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Speaker 2: you know, listing, selling, and closing on a house, you
17:37
Speaker 2: don't want to be doing it that often. Although it
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Speaker 2: used to be every seven years, we're seeing a lot
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Speaker 2: closer to three to four years. People are moving now,
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Speaker 2: but it is, Yeah, it is a little less flexible
17:47
Speaker 2: than the rental market.
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Speaker 1: And i Will says as for folks that that are
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Speaker 1: maybe apprehensive about getting into the market, one of the
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Speaker 1: cool things is, and we touched on this earlier with
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Speaker 1: some of the pro of home ownership is if you
18:01
Speaker 1: get bored with your house, you can always change things around. Yeah,
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Speaker 1: there is nothing stopping you from putting new carbon in,
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Speaker 1: or putting new flooring in, or going down to it
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Speaker 1: if you're feeling a.
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Speaker 2: Little closed in over the winter, tear down a wall,
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Speaker 2: you know, exactly exactly.
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Speaker 1: And that's that's some of the great stuff of home ownership.
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Speaker 1: As we talked this week with our friends from Rock Realty,
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Speaker 1: Matt Heypman and Studio this morning, talking about the pros
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Speaker 1: and cons of renting versus owning, and again, if you've
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Speaker 1: been thinking about buying a home, don't ever hesitate to
18:34
Speaker 1: start that conversation. Maybe maybe you are in a position
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Speaker 1: where now is not the perfect time, but you don't
18:39
Speaker 1: know until you start that conversation and start putting a
18:42
Speaker 1: plan in place to make it the right time to
18:44
Speaker 1: own a home again. You can learn more online rock
18:46
Speaker 1: Wisconsin dot com. That's r O c K Wisconsin dot com.
18:49
Speaker 1: While we're on websites and talking about buying a home.
18:52
Speaker 1: What a great new website you have, Matt, This Wisconsin
18:55
Speaker 1: buyer agent dot com. It's a great tool. It's kind
18:58
Speaker 1: of like a chance to get a get a nice
19:02
Speaker 1: feel for all different agents and set up an appointment
19:04
Speaker 1: as well to actually get a get a real conversation
19:07
Speaker 1: with them. What kind of spurred this? What what was
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Speaker 1: kind of the thinking behind, Hey, we need this and
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Speaker 1: why doesn't everybody do this?
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Speaker 2: Man? Yeah, it just it feels like the buyers were
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Speaker 2: kind of thrown thrown into the wild, if you will,
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Speaker 2: when they're online search of homes, they got randomly assigned
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Speaker 2: to an agent. Just felt like they didn't have any
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Speaker 2: you know, power in the transaction, especially you know lately
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Speaker 2: it's all been a listing and selling side market. But
19:33
Speaker 2: this allows them to go through find a perfect agent
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Speaker 2: that's a good match for them, and say, hey, I
19:38
Speaker 2: want you to work you know, for me in this transaction.
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Speaker 2: I want you to you know, represent me. Make sure
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Speaker 2: that you know, I don't step any potholes, make sure
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Speaker 2: that we're getting the.
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Speaker 1: Best price, the best protection.
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Speaker 2: And they then request, you know, an interview with the agents,
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Speaker 2: and the agents then interview with the client and they decide, hey,
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Speaker 2: this is a good fit that I'm not going to
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Speaker 2: let you know, one of the major real dot com
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Speaker 2: just assign me a random agent. I'm going to pick
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Speaker 2: the agent I want to work with.
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Speaker 1: It's such an important and it's an important partnership and
20:07
Speaker 1: you really want to make sure that you get that opportunity.
20:10
Speaker 1: And I do like when we point out kind of
20:12
Speaker 1: how traditionally folks may have done it's just a random assignment.
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Speaker 1: People go to a website and oh, there's the agent.
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Speaker 1: We're going to work with that person. It doesn't make
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Speaker 1: a good match and doesn't make it a good process.
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Speaker 1: And that's really cool thing about heading over to the
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Speaker 1: website Wisconsin Buyer agent dot com It's a great process,
20:28
Speaker 1: great opportunity to get to know the agents at Rock Realty.
20:32
Speaker 1: Also read their bios and schedule that phone call with
20:35
Speaker 1: them as well. That all at Wisconsin Buyeragent dot com.
20:38
Speaker 1: That's Wisconsin buyer Agent dot com. Finally, before before we
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Speaker 1: get back to our featured listing this week, I do
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Speaker 1: want to talk about some of the factors to consider
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Speaker 1: here in Dane County and rental market conditions. That is
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Speaker 1: a that is a big factor, especially in a college
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Speaker 1: town and a town that's no mobile, isn't it.
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Speaker 2: Yeah, I mean it's it's remained strong for years and
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Speaker 2: as you said, it's a you know, there's just not
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Speaker 2: enough inventory for on the rental market. And you know,
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Speaker 2: surprisingly enough, you know, as far as the housing market,
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Speaker 2: we are seeing a little more balance. We are seeing
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Speaker 2: some houses sit out there for a while. So it
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Speaker 2: might be the perfect time to to get out of
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Speaker 2: the really tight rental market, maybe getting getting into your
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Speaker 2: first house. So I think they could be a you know,
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Speaker 2: a great time to take advantage of the kind of
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Speaker 2: balancing out of the interest rates. They're no longer going up.
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Speaker 2: Maybe they'll tick lower, but it should be pretty consistent this.
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Speaker 1: Year what about interest rates and that and this is
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Speaker 1: this is this is the reality of home ownership. And
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Speaker 1: uh and I know sometimes people go, oh, interest rates,
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Speaker 1: they're up and they're high. It's like historically they're not.
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Speaker 1: They're really that high at all. But is that is
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Speaker 1: that something that said? Does that come up as far
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Speaker 1: as part of that conversation with folks looking to buy
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Speaker 1: a home is like I want to buy? What interest rates?
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Speaker 1: Or is that Is that part of a conversation that
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Speaker 1: goes on.
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Speaker 2: Yeah, I would say that the majority of buyers that
21:56
Speaker 2: we speak with now that's their main factor for not
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Speaker 2: kind of getting off the fence, if you will, and
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Speaker 2: making that purchase. As the interest rates and you know,
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Speaker 2: the perspectus here from everybody is that interest rates aren't
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Speaker 2: going to fall that much more, right, maybe a quarter two,
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Speaker 2: maybe a third or third point over the next year,
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Speaker 2: and by that time maybe other buyers have gotten off
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Speaker 2: the fence and it's gotten more competitive. So I think
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Speaker 2: getting out there right now, right before the spring market hits,
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Speaker 2: would be a perfect time for first time home are.
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Speaker 1: Really good time to get out and it's we've had
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Speaker 1: such nice weather too, and I know today's a little chillier,
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Speaker 1: but it's still you don't have to deal with snow.
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Speaker 1: You can get a good look at the roof, you
22:36
Speaker 1: can get a good look at the It's a great
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Speaker 1: time to be and I think the weekend forecast well perfect,
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Speaker 1: So it's a good time to get out. And one
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Speaker 1: of the houses you definitely want to check out if
22:45
Speaker 1: you had on over to Rock Wisconsin dot com or
22:47
Speaker 1: simply a call Chad is this house in Portage right
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Speaker 1: in Columbia County on Heiner Ridge Circle. And we were
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Speaker 1: talking earlier about the size, four bedroom, three three bath,
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Speaker 1: as you mentioned, and I know what you mentioned this,
23:03
Speaker 1: but I think it needs bears repeating. Almost two acres
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Speaker 1: strung at one point eight acres of land, and you
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Speaker 1: can't go wrong with with more acreags, can you?
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Speaker 2: Man? You can't nice flat acreage too.
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Speaker 1: Oh that that's that's an interesting perspective there too. Is
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Speaker 1: it's not Yeah, it's not like it it's actually usable. Yeah,
23:21
Speaker 1: you can do something. Yeah, you know, your kid's right
23:23
Speaker 1: eyeball in a goat cart right now, riding around then
23:27
Speaker 1: and your wife is going, you're gonna rip up my
23:29
Speaker 1: lawn and your and your husband's saying he's gonna rip
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Speaker 1: off our lawn, so I really really Also the garage,
23:35
Speaker 1: got a got a really nice attached garage, and and
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Speaker 1: I'm seeing it's it's got some depth to it, so
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Speaker 1: you can put a couple of couple few cars and
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Speaker 1: storage and other things.
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Speaker 2: It's on the verge of three car.
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Speaker 1: I would say, yeah, well, and I don't know about you, Matt,
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Speaker 1: but you got a couple of toys, maybe a motorbike
23:53
Speaker 1: something like that four wheeler, four wheeler. It is also
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Speaker 1: wired if you if you want to add h It's
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Speaker 1: got the amporage in the in the and the outlets
24:02
Speaker 1: for you're thinking about adding a EV charger or maybe
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Speaker 1: doing doing hot tub. You've got that there. Really get
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Speaker 1: I get a really you know Columbia County, they have
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Speaker 1: fun up there. There you go a fun bunch. So
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Speaker 1: I give Chad a call this morning. Tell for whatever
24:16
Speaker 1: six oh eight two seven nine fifty nine eighty five.
24:19
Speaker 1: That's six oh eight two seven nine fifty nine eighty
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Speaker 1: five for Chad Bauer with Rock Realty. Have them show
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Speaker 1: you this beautiful house in Columbia County right in Portage,
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Speaker 1: right right on Pine Ridge Circle and Portage. Can you
24:31
Speaker 1: can learn more online? The website Rock Wisconsin dot com.
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Speaker 1: That's r O c K Wisconsin dot com. Matt. Time
24:37
Speaker 1: always flies and we're hanging out. You enjoy this beautiful
24:39
Speaker 1: day here as well.
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Speaker 2: Thanks sir.
24:41
Speaker 1: Vicky McKenna has your chance to win one thousand dollars
24:44
Speaker 1: next year on thirteen ten wiv