By now, everyone reading this article has heard about the hot real estate market. But what does that really mean to you, a homeowner? When the topic of real estate comes up when I meet folks who know I am in real estate, the first thing I hear is, “you sure are lucky to be in real estate in this crazy hot market…must be great!” Now, ask anyone actually in real estate, and they will tell you how exasperating it is, and how difficult it is to find a buyer a home. Here is an example. A couple of days ago, a past client who is thinking of downsizing called me to look at a home in Waukesha County. It had just come on the market a day earlier, so we wanted to get there as soon as possible. When we arrived, we noticed on the counter the cards of the Realtors who had shown that home in the last 24 hours. There were at least 20 cards, and I was told so far 6 offers! Add to that the home would have sold in 2008 for about $300,000. Now it was over $500,000! What is cause of this overheated market?
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