Up, down, sideways...which way is the real estate market going? A reasonable answer could be simply: "Yes". I think we can find every which way: up, down, and sidways markets in neighborhoods all across Dane County. However, the direction of the market is only one consideration for buying or selling real estate, and it's not the most critical. More important is your personal situation.
Today I had a refreshing conversation with a mortgage banker who gets it. Bill Quigley, of Network Funding LP, Residential Mortgage Bank visited to share his approach to being part of the solution in a challenging economy. Bill is the host of a mortgage and real estate radio show on 1670 WTDY. For years Bill has been the Madison area go-to guy for FHA mortgages. Because Bill is a considerate guy as well as a smart broker, he has attracted a lot of business by improving loan applications for people who didn't get the higher level of service from banks and credit unions. Bill told me this past year was big business for banks doing easy refinances and first-time buyer purchases. Makes sense to me that the loan processing departments were busy with easy enough loans that taking time to improve applications was not a high priority for some institutions. People like Bill Quigley do more than take orders and process loans. Bill is a true consultant. He problem solves for clients of Realtors. Bill's approach is one of a professional who enhances the process by structuring an application and a mortgage in a way that works long term for his client---the home buyer. I like that. Working with Bill today, a home buying client of mine is not going to be buying more home than they can afford, and their loan is going to work for them.
Buying real estate could be the right move. I don't know. It depends. What I do know is this: Bill Quigley, a mortgage broker, is a smart guy to look to for deciding if buying is smart for people who want to be safe. Call Bill and tell him you found him through MadisonHomes.blogspot.com.
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