Dan Madrigal

Important Considerations When Purchasing A New House

Dan Madrigal is a Realtor with more than two decades of experience in Wichita, Kansas. He has gained recognition from various places for his work, such as a spot in Wall Street Journal’s Who’s Who in Real Estate Sales. Dan Madrigal heads Madrigal Team Gold, one of the leading Berkshire Hathaway Realtor teams nationally.

When deciding on your purchase as a first-time homebuyer, it is important to pay attention to the neighborhood of the house, as well as the predominant lifestyle. The house lot’s size and shape are also crucial depending on the preferred maintenance cost, privacy, possible use, and features. The house exterior and components, like the roofs, walls, and foundation, should also be checked for durability.

For a house’s interior, consider the general layout and the size and number of the bedrooms, kitchen, and living room. Make sure that these are in line with personal preferences and needs and compatible with expected furniture fittings. There is also the need to check light penetration, window view, appliances, heating systems, cooling systems, and electrical accessories to see if they are durable and working or need replacements. Check the bathrooms for working fittings and good water connections. An experienced Realtor can help with this process as they will ensure you get a home that fits your preferences and needs.

Real Estate Negotiating Tips

Dan Madrigal is one of the foremost realtors in Wichita, Kansas, and was the #1 Berkshire Hathaway realtor at his company five years running. Using his knowledge of the real estate market accrued over 18 years in the business, Dan Madrigal is experienced at negotiating on behalf of his clients.

When entering real estate negotiations, whether it’s investment real estate or otherwise, some techniques will almost always help you get a better deal when buying a property. First, learn everything that you can about the property that you are buying, from the construction date and location to materials, market value, and access to essential establishments like supermarkets, shops, restaurants, hospitals, and parks. Find similar properties that you can compare to get a better sense of what you are buying in terms of price and value. This will make you become more confident in negotiation and informed in decision-making.

Another good strategy is to make a list of persuasive techniques before you enter the negotiation. Whenever you try a negotiating angle, record it and examine why it worked or did not work and what you can learn from it. This will help you improve over time and learn how to use the best approach for every situation.

What is the Difference Between Real Estate Broker and Agent?

Dan Madrigal is a Realtor with Berkshire Hathaway Home Services with over two decades of experience in the Wichita, Kansas area. Working as a listing and buyer’s agent, Dan Madrigal provides realty transaction consulting services and handles foreclosures.

While the jobs and responsibilities of real estate agents and real estate brokers may overlap, in truth, they require different licenses. A real estate agent is what most people think of when they hear the term “real estate professional.” Agents have a license to act on behalf of clients and engage in all activities related to selling property. However, they cannot operate independently.

Real estate brokers, on the other hand, have a license that allows them to open their real estate firm and manage other real estate professionals. A brokerage license frees the licensee up in terms of how they choose to structure their real estate career and allows them to enter the area of property management. It is a higher level of certification that still allows the holder to engage in all the activities of a real estate agent.

Boating May Help Boost Health and Wellness

Dan Madrigal is a real estate professional from Wichita, Kansas. Away from his work, Dan Madrigal pursues his love of boating.

Scientific investigations have found that boating, in addition to giving happiness and relaxation, benefits boaters’ health. Marine biologist Dr. Wallace Nichols, who authored the book “Blue Mind,” studied the scientific connection between boating and health.

Dr. Nichols said that a stressed person has a “red mind,” which shows symptoms of anxiety and fear. A “blue mind” shows calmness, peace, and a sense of happiness generally associated with water. In his study, Dr. Nichols concluded that boating allows a person to explore the benefits of a blue mind, which includes meditation, inspiration, and creativity.

People who go boating may also improve their lung health. A study by The Lung Institute has concluded that the ocean breeze helps clear the lungs of patients with cystic fibrosis. This study supports earlier studies that say the ocean breeze helps thin mucus, decrease sinus pressure, reduce coughing, and improve overall lung function.

Factors to Consider When Investing in Residential Rental Properties

Dan Madrigal of Wichita, Kansas, has been a Realtor for more than 20 years. As a member of the Madrigal Team Gold firm, Dan Madrigal has extensive experience with assisting clients in buying and selling homes.

Right now, Wichita’s real estate market is a seller’s market, opening up avenues to profit for investing in real estate-for example, rental income. In fact, houses have been appreciating in the last few years, with the Wichita residential real estate market experiencing a 7.1 percent increase in 2019 and a 4.3 percent rise expected in 2020. However, those looking to invest in residential real estate that serves as an income stream should consider a few factors.

Those looking to turn a residential purchase into an income stream should consider their financial goals. If the purpose is primarily to purchase a property and wait for it to appreciate, then the investment is long-term, which means the return on investment will take some time to grow. Alternatively, if using the home for cash flow purposes, then consider the one and two percent rule. This rule dictates that an investment should generate one or two percent of its total value a year. For example, under the one percent rule a home that is $200,000 should generate $2,000 a year, or $4,000 under the two percent rule.

Investors also have to consider what makes a property attractive to renters. Renters want to be in safe neighborhoods, and, if they have children, want to rent in locations near schools; high-performing ones if possible. Investors also have to factor in natural disasters like tornadoes and their potential impact on insurance costs.

Residential Real Estate Trends in Wichita for 2020

Kansas Realtor Dan Madrigal has more than 20 years of experience in selling residential real estate. As a part of Madrigal Team Gold, Dan Madrigal assists prospective homeowners in the Wichita area through the process of purchasing a house.

Beginning in 2020, Wichita’s residential real estate market trends point toward a tight market and newer home designs. Prospective buyers can expect to see home prices climb a projected 4.3 percent as demand continues to outpace supply. This shortage is especially seen in houses in the $100,000 to $250,000 range, with those looking to purchase property advised to move fast if they find a home they might want in the lower end of that range.

Wichita homeowners also are reflecting new design trends. In addition to light-colored surfaces, residents are choosing retro styles over contemporary designs. New designs include preferences for bathrooms that contain showers instead of bathtubs because of safety concerns. Finally, in the kitchen, shaker-style cabinet doors and custom-made slide-out drawers are popular.