Greg Dallaire » Green Bay Real Estate Market

$8000 Tax Credit First Time Home Buyer Alert in Green Bay WI

brandonmatson — Wed, 07 Oct 2009 02:36:09 +0000

$8000 Tax Credit First Time Home Buyer Alert in Green Bay WI

It’s pretty highly unlikely for you to have not heard about the $8000 Tax Credit going on right now for first time home buyers in Green Bay WI. First time home buyers in Green Bay WI have been coming out of the woodwork the past 10 months to get into home ownership.

Today I want talk about the Green Bay WI first-time home buyers $8000 Tax Credit and the other positives of owning a home that you may have not thought of.

First Time Home Buyers in Green Bay WI Still Have Some Time Left

The first time home buyers $8000 tax credit is for any buyer that has never owned a home or hasn’t owned one in the last three years
To qualify for the first time home buyers tax credit your home purchase must occur on or after January 1, 2009 and before December 1, 2009.
Closing of the property must occur prior to December 1st.
There are income limits and other qualifying standards that may need to be met.

Please consult your local tax advisor for in depth analysis of your situation.

Benefits of being a First Time Home Buyer in Green Bay WI

Ability to deduct your property taxes at the end of the year.
Ability to deduct your mortgage interest on your taxes.
Energy efficient upgrades you can implement into your new home for additional tax benefits.
Opportunity to purchase a Home in Green bay WI at a lower price then in the prior years due to a declining Green Bay Real Estate Market.

Realistic Expectations of Purchasing a Green Bay, WI Home by November 30,2009

30-45 days is industry standard for a closing on a home mortgage.
With new appraisal laws you might expect some delays from receiving an appraisal which could slow your transaction down
You need at the latest to start looking at homes mid October and have one picked out and negotiated by no later than October 30, 2009.
Just because you have a home picked out and negotiated doesn’t mean you’ll be guaranteed a closing time on November 30, 2009
The pipelines at banks will be filling up with other Green Bay, WI home buyers that waited to the last minute, so be prepared and select a lender that you trust can get the job done in time.

Responsibilities of Purchasing a Home in Green bay WI

Purchasing your first home home in Green Bay, WI is not only a milestone in your life life, it can also create a new world of responsibilities. I strongly encourage you not to purchase a home in Green Bay, WI if you are doing it solely for the first time home buyer $8000 tax credit.

You could be setting yourself up for new responsibilities that you might wish you didn’t have such as:

Property maintenance.
Home owners insurance.
Duty to keep your home and surrounding area in tip top shape and many more.
If you don’t plan on being in your home for at least a minimum of 5 years you could also be facing a bill when you try to sell your home.

The Flip-side of Purchasing a Home in Green bay WI

On the flip-side, if you know you’re going to be purchasing a home in Green Bay, WI in the next year there is really no reason to wait because it could cost you $8,000 that you could use in a variety of ways to better your financial situation.

In all honesty, I can’t imagine there being another first time home buyer tax credit offered even though there has been some talk about extending it. Don’t leave this great opportunity to chance, especially if you have already made the decision to buy a home in Green Bay, WI.

Local Real Estate Expert “Green Bay Greg” of Green Bay WI

It’s important hire a Green Bay Real Estate Expert such as Greg Dallaire, a.k.a “Green Bay Greg,“ a real estate expert who has the pulse on the local real estate markets in Green Bay WI.

Through my four years in Green Bay Real Estate I have helped many first time home buyers make home ownership a reality. Take a look on the tab up above to check out a video testimonial of a first time home buyer in Green Bay WI that I helped. Let them share with you their experience in working with “Green Bay Greg.”

Greg Dallaire is the ‘premier’ Green Bay WI Real Estate expert. Greg’s approach is cutting edge, utilizing creative Internet marketing strategies to get your Green Bay WI Home SOLD! If you are looking for a true local expert with a proven track record of success in the Green Bay WI Real Estate market, give “Green Bay Greg” a call today at 920-217-2647. See what Green Bay Greg’s clients say about his services via video.

Let me help you find your ‘dream home’ and take advantage of the first time home buyer $8000 tax credit - Don’t delay because time is running out!!

Northeast Green Bay WI Real Estate Market Update

brandonmatson — Sat, 26 Sep 2009 04:07:34 +0000

Northeast Green Bay WI Real Estate Market Update

Today I’m going to be evaluating the Northeast Green Bay WI Real Estate market. However, before we get into that I’d like to share with you why I personally enjoy the Northeast Green Bay WI area. I grew up in the Northeast Side of Green Bay WI and called Schmitt Park home and attended the great public education that the Green Bay School District has to offer.

Why Northeast Green Bay WI is a Great Place to Live

Northeast Green Bay WI has a ton of outdoor activities that are great for everyone. Bairds creek offers disc golfing, hiking/mountain biking trails and so much more!
The Green Bay WI School District is award winning and has a very strong reputation.
Northeast Green Bay WI offers a huge portion of Green Bay, WI waterfront properties on the Bay.

Evaluating Northeastern Green bay WI Properties – Absorption Report

For those of you who are unfamiliar with the term absorption report I’ll explain. It’s a term becoming much more widely used in the real estate world. An absorption report is the measurement of how long it will take to clear out the inventory of homes based on how fast they are selling. If you’ve been watching the national media you will hear the terms buyers’ market and sellers’ market over and over again. One way to establish what kind of a market your home falls into is by using absorption reports.

When I study absorption reports I look at the specific area. In this case I’m studying the absorption report for Northeast Green Bay WI Real Estate Market. The power of studying individual markets and not the whole Green Bay WI Real Estate market is that I can get a pulse on what’s happening in the specific Northeast Green Bay WI area.

Before we get into the hard numbers, let’s utilize a base point to determine what establishes each kind of market.

What Determines a “Buyers Market” or “Sellers Market” in Northeast Green Bay WI

Market Absorption Analysis:

6 Months Supply is a “Balanced Market”
Less than 6 Months Supply is “Sellers Market”
More than 6 Months Supply is “Buyers Market”

Breakdown of the Northeast Green Bay WI Real Estate Market

The Northeast Green Bay Real Estate Market in the price range from $0-$150,000 currently has 103 properties listed with an average of 131 days on market. There is an average of 8.17 homes per month selling which equates to a current monthly supply of 12.6.
The Northeast Green Bay Real Estate Market in the price range from $150,000-$175,000 currently has 5 properties listed with an average of 96 days on market. There is an average of .83 per month selling which equates to a current monthly supply of 6.0.
The Northeast Green Bay Real Estate Market in the price range from $175,000-$200,000 currently has 7 properties listed with an average of 135 days on market. There is an average of .67 per month selling which equates to a current monthly supply of 10.5.
The Northeast Green Bay Real Estate Market in the price range from $200,000-$250,000 currently has 13 properties listed with an average of 176 days on market. There is an average of .75 per month selling which equates to a current monthly supply of 17.3.
The Northeast Green Bay Real Estate Market in the price range from $250,000-$400,000 currently has 21 properties listed with an average of 163 days on market. There is an average of .92 per month selling which equates to a current monthly supply of 22.9

Negatives of the Northeast Green Bay WI Real Estate Market

The date above shows some struggles in Northeast Green Bay WI real estate market:

In the lower price range we have a large supply of homes
The higher tiered price points do not have a lot of properties listed, but they are all selling less than 1 home per month on average
Until the sales pick up we’ll continue to have a supply and demand problem

Hiring the Right Real Estate Professional

You can sell your home in Northeast Green Bay WI but it will take a savvy real estate agent who has a true understanding of the market conditions. If the agent you’re interviewing isn’t sharing this extremely important market data with you and creating a customized game plan to sell your house you should book an appointment with me at 920-617-9144. The Green Bay Real Estate Market is changing and now is the time to align yourself with Green Bay Real Estate Expert - Greg Dallaire.

Greg Dallaire, also known as “Green Bay Greg“ is the ‘premier’ Green Bay WI Real Estate expert. Greg’s approach is cutting edge, utilizing creative Internet marketing strategies to get your Green Bay WI Home SOLD! If you are looking for a true local expert with a proven track record of success in the Green Bay WI Real Estate market, give “Green Bay Greg” a call today at 920-217-2647. View Green Bay Greg’s Video Testimonials