Jim Henry - Blog - Jim Henry

Recent Blog Posts by Jim Henry
Want And Easy Way To Check on Fall Colors? WI has an App for that... Here I thought I was the only one who enjoyed those brilliant fall colors, but according to the Wisconsin Department of Tourism travelers spent nearly $3 Billion dollars during last year's autumn season, so I'm not alone, they just take a driving trip up north to take it all in and I simply go climb in a tree stand in the woods. In fact, the fall colors are so polular, Wisconsin has created "an App ... Posted by Jim Henry @ 12:00 AM on 09/14/2011		More
RE/MAX Ranked The Highest in J.D. Power Survey "Every day, nearly 90,000 RE/MAX agents head to work hoping to make a difference for families whether you're buying your first home or looking to move up. We all know the housing market has been a challenge, but here at RE/MAX we've been working hard to help you meet it head on." This is a message from RE/MAX CEO Margaret Kelly to consumers in a new YouTube video you can use about ... Posted by Jim Henry @ 12:00 AM on 08/10/2011		More
Buy a Home on Your Phone??? Remember the good old days, when you'd drive thru neighborhood after neighborhood looking for homes that were for sale, and once you spotted a sign, you'd run up to the brochure box on the sign to grab a flyer to see how much they were asking, only to find the brochure box was empty!!! Well, we've come a long way baby. The use of smartphones has grown exponentially over the past couple years, ... Posted by Jim Henry @ 12:00 AM on 07/27/2011		More
Seller's Guilty of Overpricing? More likely to base asking price on their purchase price than current market value. Probably the most difficult thing I have to do in my business is to tell a homeowner that their property isn't worth what they think it is, and in today's market, I'm having to do that a lot. Most sellers either have not paid close enough attention to the market the past few years or they're in denial and don't want to believe they're included with what's going on in the current real estate market. ... Posted by Jim Henry @ 12:00 AM on 07/18/2011		More
Looking for a Positive Sign??? Over past few years we've been inundated with negative real estate market new, but that might be changing??? Recently there's been two reports published that show signs of a potential turn in the market and gives us cause for some optimism looking forward. First off, the CoreLogic Report shows that shadow inventory levels have declined almost 9% in the last month, which is a leading indicator ... Posted by Jim Henry @ 12:00 AM on 06/29/2011		More
Do You Believe in Home Ownership? Given these tough economic times and challenging housing market, you may ask yourself if real estate is still a good investment? Depending on who you ask, you're likely to get quite a variety of answers that cover the full gamut. At its core, I'm confident it still is, since everyone needs a place to live and "they aren't making anymore land." With that said, I do think people have ... Posted by Jim Henry @ 12:00 AM on 06/08/2011		More
What does "As Is" really mean? If you've been looking to purchase real estate, I'm sure you've heard the term being sold "As Is." This verbage will generally put you on high alert and begin to back away from the property. Don't let that scare you off, once you understand it's true meaning, it's not that intimidating. In a nut shell, selling a property "As Is" in today's market simply means that the seller cannot or will not perform ... Posted by Jim Henry @ 12:00 AM on 06/06/2011		More
Don't Let Them Foreclose! With many homeowners being under water with there mortgages lately, combined with tough economic times, they feel they have no option but to lose the property to foreclosure, but that's simply not true! Homeowners have options, when in this distressed situation, and as a Certified Distressed Property Expert I can help explain them to you. Banks have become much more open to loan modifications and ... Posted by Jim Henry @ 12:00 AM on 05/18/2011		More
Don't Understand Mortgage Details? You're Not Alone!!! According to a new article from Zillow.com, nearly half of prospective home buyers admit they don't understand the details of a mortgage and that number increases to 57% when we talk about how adjustable rate mortgages (ARM) work. In addition, 1/3rd of prospective home buyers understand that lender fees can be negotiated and may end up paying too much. I think many buyers are affraid to ask questions, ... Posted by Jim Henry @ 12:00 AM on 05/12/2011		More
Is your property "really" on the web? With 9 out of 10 home buyers using the Internet to find their next home, you can't afford to just be on the web, you have to be everywhere on the web! Most listing agents simply have their office staff input your listing into the Multiple Listing Service (MLS) and accept that being posted on the member broker and agent web site is "on the web" and therefore hitting the mark. Wrong!!! Today's buyers ... Posted by Jim Henry @ 12:00 AM on 02/28/2011		More
What is a "Short Sale?" Throughout the past couple years, the term short sale has been thrown around quite a bit, as if everyone already knows what it means. Well, I run into people every week that ask me, what is a short sale? So, I thought I'd take a minute to define it for everyone. A short sale is when a home owner "needs" to sell their home and find themselves upside down in regards to their mortgage, basically ... Posted by Jim Henry @ 12:00 AM on 02/25/2011		More
1956 Cty Rd C - Somerset, WI Street View Map View Larger Map Posted by Jim Henry @ 12:00 AM on 02/03/2011		More
Top 5 "Bang for Your Buck" Home Improvements As competition for buyers has increased the past few years, no longer can sellers say, "I'll let the buyers pick out the new carpet" or "they'll probably want to paint a different color than I would pick." Choosing that approach is the "kiss of death" in this market and will almost guarantee that your property will not sell, unless you discount the price drastically to compensate for it. With ... Posted by Jim Henry @ 12:00 AM on 01/20/2011		More
How's the market? I get asked the question all the time; "how's the market?" Well, it really depends on whether you're buying, selling, investing or leasing. Every market is different and some areas are doing really well, and some areas aren't doing as well. Many factors contribute to what's happening in a specific market, such as the economy, jobs, number of active buyers, inventory of homes for sale, the ... Posted by Jim Henry @ 12:00 AM on 01/15/2011		More
Post "Tax Credit" Sales Levels Ask any Realtor and they'd tell you, 2010 was an interesting year in real estate. The 1st half of the year saw a flurry of activity as 1st time home buyers scurried to take advantage of the $8,000 tax credit, and those that could qualify in a buy-up scenario get the $6,500 tax credit. After the June 30th "need to close by" deadline the market dropped off, to a slower, but steady activity level. ... Posted by Jim Henry @ 12:00 AM on 01/11/2011		More
When Pigskins Fly HUDSON HOT AIR AFFAIR - "When Pigskins Fly" February 4-5-6, 2011 - Hudson, WI It's that time of year again, when the hearty souls of the Hudson, WI "decline the penalty" of staying indoors all winter and put together a "game plan" to "sweep right" out their doors and witness the "aerial attack" of 50+ hot air balloons from the "field of play" at E.P. Rock Elementary School. If you're suffering ... Posted by Jim Henry @ 12:00 AM on 01/11/2011		More
Need Help Avoiding Foreclosure? Without question, these have been tough economic times for many Americans and holding on to the American Dream of home ownership has beem increasingly difficult. Faced with losing your home is an emotionally charged situation, filled with fear, anxioty, and worry. If you or someone you know is in this situation, you need to know there's help out there for you. There are a multitude of resources available to ... Posted by Jim Henry @ 12:00 AM on 01/07/2011		More
Extending the Bush Tax Cuts, What's in it For You??? If you listen to the news, you'd think that extending the Bush Tax Cuts only helped the rich. Well, do you consider yourself rich??? You don't have to be considered rich; to benefit from the capital gains tax savings when selling your home, or paying less estate taxes when you inherit assets from a relative, or pay less in income and payroll/self employmet taxes, or avoiding the Alternative ... Posted by Jim Henry @ 12:00 AM on 12/28/2010		More
Median Sales Price is on the Rise in Hudson Area Showing signs of stabilization, the median sales price in Hudson, WI has improved by 5.7% in the past year, and when combined with declining inventory levels, is a sign of hope for the local housing market that's been struggling for the past 5 1/2 years. We approach this with cautious optimism, knowing that since the tax credit expired in April, 2010 the selling price point has balanced out some ... Posted by Jim Henry @ 12:00 AM on 12/20/2010		More
Homeowners net worth 41 times greater than renters By HousingWire.com Tuesday, November 16th, 2010, 5:30 pm The average homeowner has a net worth that is about 41 times greater than that of a renter, according to a report from the National Association of Realtors. Homeowners' net worth averaged between $150,000 and $200,000 this year, according to NAR. The trade group for Realtors said homeowner equity accounts for a substantial part of that net ... Posted by Jim Henry @ 12:00 AM on 11/17/2010		More
Why Use a CRS? CRS Brochure Posted by Jim Henry @ 12:00 AM on 11/07/2010		More
How Do I claim the 1st Time Home Buyer Tax Credit? In the last couple years, many buyers took advantage of the opportunity to puchase a first home and recieve the 1st time home buyer tax credit. Now they may be asking; "how do I claim the credit?" The best way to figure that out, is to talk to you tax preparer, but I've attached a copy of the federal tax form that addresses how to claim the tax credit. Additionally, I've included a link to the ... Posted by Jim Henry @ 12:00 AM on 11/07/2010		More
State of the Hudson, WI Market The most often question I am asked these days is; "how's the market doing, have we hit the bottom yet?" That's always a tough question to answer, because every market can have it's own characteristics, strengths and weaknesses, but I'll attempt to answer that question as far as for Hudson, WI goes. There are always a number of factors to consider when determining a response to a question like this, ... Posted by Jim Henry @ 8:31 AM on 08/06/2010		More
National Association of Realtors says pending sales down, as expected. Washington, July 01, 2010 WASHINGTON (July 1, 2010) – Following a surge driven by the home buyer tax credit, pending home sales fell with the expiration of the deadline for qualified buyers to sign a purchase contract, according to the National Association of Realtors®. The Pending Home Sales Index,* a forward-looking indicator, dropped 30.0 percent to 77.6 based on contracts signed in ... Posted by Jim Henry @ 4:07 PM on 07/07/2010		More
Celebrate Our Independence! Have a Safe and Happy 4th of July! Jim Henry - RE/MAX Results Posted by Jim Henry @ 8:20 AM on 07/01/2010		More

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