Washington County full time residential real estate agent focused in luxury lake homes,lake homes,luxury homes, residential single family,condos, vacant land & investment properties. Serving the greater Milwaukee metro area including:Waukesha County and Lake Country areas,Jefferson,Dodge, Washington,Walworth,Milwaukee & Dane Counties. On-line markets, MLS search access, buyer agency, Home Warranty, all with outstanding service!

Thursday, August 16, 2012

Bathroom Improvements to Draw in Buyers

Bathroom Improvements to Draw in Buyers


 by Alicia Murphy - 15 August 2012

For many homeowners, keeping their home in tip-top shape is a task that requires constant attention. Over the years the features that were once so en-vogue in your home become outdated and unattractive, not only to you and your family but also to potential buyers. One room where a little updating can go a long way is your bathroom.
© Wichittra Srisunon – Fotolia.com

Making The Master Masterful
The master suite isn’t really sweet without an en-suite. In particularly for those who own an older home many master bedrooms weren’t originally designed with a bathroom, and those that were often got a measly half bath. For today’s homebuyer in many markets a half bath can be considered sufficient while in other markets this simply wouldn’t do.
Before making costly changes check with a local REALTOR® to see what master bathroom features are trending in your area. If it is customary for homes in your area to have an en-suite you may want to consider adding one if your home is lacking that feature as this can be a huge turnoff for buyers. Fortunately bathroom improvements often carry a good rate of return so you’ll not only increase your home’s appeal to buyers but also increase your value.

Small Changes with BIG Impact
Many bathrooms suffer from dating in two key ways: wallpaper and old fixtures. If your bathroom suffers from wallpaper circa 1992 coupled with some nice gold fixtures chances are that it won’t be a top selling feature with buyers. By simply stripping the wallpaper and repainting the walls in a more neutral color you’ll move mountains. Fixtures such as drawer/cabinet pulls, towel rods, water faucets and lighting implements can be purchased for just a few hundred dollars. Adding some storage to a smaller bathroom is also a great way to maximize the space and buyer appeal.
Just remember that bathrooms are an important room to homebuyers. Updating or increasing this space not only increases your home’s value, it also gives it an edge on competing properties on the market.

We Can't Get A Mortgage, What Are Our Other Options? | REALTOR.com® Blogs

We Can't Get A Mortgage, What Are Our Other Options? | REALTOR.com® Blogs

We Can't Get A Mortgage, What Are Our Other Options? | REALTOR.com® Blogs

We Can't Get A Mortgage, What Are Our Other Options? | REALTOR.com® Blogs

we Can’t Get A Mortgage, What Are Our Other Options?

questions
 
Q: My wife and I are looking for a house but can’t get a mortgage with our credit rates. How do I go in to a rent to own home? We have two kids and live in a townhouse, now it’s too small for us. What can I do to get a house?
–Anonymous, Clairton, PA

A: Hi Ryan,
I would suggest you sit down with a local lender or attend some first time home buyer classes if they are offered in your community. A lender can review your financial picture and help you come up with a plan to reach your goal. It might take some time, so be patient, you will get there.
Rent to own is usually not a good option for most first time home buyers as usually you have to come up with non refundable option money, which in this market would be better put to use as a down payment (in my opinion)
Teri Andrews Murch is a Realtor® with Lyon Real Estate in Auburn, CA.

A: The only thing you can do at this point is to find an owner that is willing to do a lease with option to purchase. Normally, in this area I am in, the seller normally wants a large payment up front to do so, but in that area, maybe they will just do a first and last like you do with rent. An agent there should be able to help you get started. It may take time to find someone with enough equity in their home that they can do this though.
Lana Lavenbarg is a Realtor® with RE/MAX Ideal Brokers, Inc. in Grants Pass, OR.

A: Rent to own, or lease to own, or rent w/options to buy (essentially all the same) is not the only option to becoming a homeowner. Also, if you did go that route, the options are very limited. Most owner who want to sell their homes are in a position where they have to sell, they need the money to move on so they’re not to keen on renting or leasing their properties. Before exploring the rent to own option, consult with a local lender in your area, get some recommendations from friends who’ve recently bought a house. The Lender will set you on the right path for becoming a homeowner, it may take a few months or even a couple years before you’re ready to buy, but it may also be the very best option and in the meantime you can begin working on saving a 10-20% downpayment.

Maria Jeantet is a Realtor® with Coldwell Banker C & C Properties in Redding, CA
Are you interested in having a qualified REALTOR answer your questions? Click through to Ask a 
REALTOR® now.
Are you a REALTOR who would like to answer consumer questions? Click through to become an Ask a REALTOR® participant.
Related posts:
  1. How Do I Do Rent To Own In San Antonio?
  2. Lease Options Make For Viable Options
  3. How Do I Find A Rent-To-Own Home In North Carolina?
  4. How Do I Rent To Own In Phoenix, Arizona?
  5. Can We Qualify For A Mortgage Without A Down Payment?

Read more: We Can't Get A Mortgage, What Are Our Other Options? | REALTOR.com® Blogs

Thursday, August 2, 2012

5 Home Features Young Home Buyers Love | ForTheBestRate.com

5 Home Features Young Home Buyers Love | ForTheBestRate.com


5 Home Features Young Home Buyers Love | ForTheBestRate.com

5 Home Features Young Home Buyers Love

Couple with their young daughter.Selling a home can be contingent on the property's value, condition and desirable features. Depending on the type of home buyer, there are certain features that may help seal the deal.
Here's a list of some popular home options for the younger home buyer.

1. Move-In Ready
A lot of young buyers are busy starting careers or families and will appreciate a home that doesn't need a lot of transition time.

2. Low-Maintenance
Most young buyers are also first-time buyers, which means they won't have much experience in home maintenance. They'll be attracted to a home that runs smoothly, and doesn't require an extensive knowledge of plumbing, electricity or construction.

3. Great For Entertaining
Young, hip homeowners often enjoy an active social life, which means they will be on the lookout for a home that's conducive to entertaining. An open kitchen or a large, screened-in porch are a few great examples.

4. Modern appliances
The generation of young home buyers who are hitting the market now are of the information age. They want "smart" technology, and that doesn't just apply to their phones. High-tech home appliances are big selling points, especially to younger buyers.

5. Convenient location
A home that's situated close to shopping, dining and entertainment is an attractive option for any buyer - but young home buyers will be especially drawn to good locations.

Keep in mind that every home buyer is different. Despite the common similarities in certain buyers, this list may not apply to everyone.

Find information on mortgages that are popular with first time buyers such as FHA loans and USDA rural housing loan programs.

Saturday, July 21, 2012

Homeownership: The American Dream (Part 2)

Homeownership: The American Dream (Part 2)

Homeownership: The American Dream (Part 2)

Homeownership: The American Dream (Part 2)

by The KCM Crew on July 19, 2012 ·
A major benefit to homeownership is community. There is a greater sense of community among homeowners than there is with renters. Studies have shown that homeowners have a higher participation in local volunteer activities; participate more in local political activities and organizations; have higher voting rates; and are more involved in self-help activities (like the PTA and neighborhood crime watches) than those who rent. Homeowners do not move as frequently as renters, therefore providing more neighborhood stability. This helps reduce crime and support neighborhood upkeep and value.

Let’s look at homeownership as an investment. In 1998 the average Homeowner’s net worth exceeded that of renters by 31 times. In 2001 it was 36 times and eventually in 2007 it was all the way up to 46 times that of renters. Even in these toughest times, the wealth of the homeowner is still over 30 times that of renters. Now, homeownership isn’t about a guaranteed financial short-term return – the market goes up, down and back up again. We have to be prepared for the long-term and a key component to wealth is homeownership.  In Pew Research Center’s The Home as an Investment Survey, 81% of Americans agree that buying a home is still the best long-term investment a person can make.

There’s also the aspect of an educational investment. United States Immigrants all talk about home ownership because they want a better education for their children. It’s proven that children of homeowners achieve greater math and reading scores, they have lower high school dropout rates, and more years of schooling by the age of 25.

Not to mention there’s also a greater social network among homeowners than renters. You have a built in support system of neighbors and friends. You know the local merchants and they know you. You have that support system for you and your family – and it’s there for life.

There you have it. You now know the benefits to homeownership and the American dream.

Welcome to Wisconsin Real Estate with Lisa Bear

Thank you for visiting.  Please feel free to contact me for any of your real estate needs including an online market if you are a seller, or finding a home if you are a buyer. My real estate focus in the  Waukesha County, Milwaukee County, Lake Country, Jefferson County, Dodge County and Washington County areas.  I have my IRES designation (International Real Estate Specialist) so I can assist you with all your real estate needs in Wisconsin, the USA or anywhere in the WORLD!

When you are seriously looking or just browsing at real estate in Wisconsin, I am a great resource to help you with all your needs and questions, whether a first time home buyer, relocating to or from the beautiful LAKE COUNTRY area, looking to invest or explore foreclosure opportunities or just thinking ahead to the future.

Lisa Bear of RE/MAX (262-893-5555) is an experienced real estate agent in Waukesha County and the entire Milwaukee Metro area including:

The prospering communities of Waukesha County including Delafield, Waukesha, Oconomowoc, Pewaukee, Waukesha, Sussex, Wales, New Berlin, Dousman, North Prairie, Mukwonago, Chenequa, Menomonee Falls, Brookfield, Elm Grove, Okauchee, Eagle, Muskego and Merton.

Great municipalities in Milwaukee County including Milwaukee, South Milwaukee, Wauwatosa, Hales Corners, Greenfield, Glendale, Franklin, Bayside, Brown Deer, Cudahy, Fox Point, Greendale, Shorewood, Oak Creek, St. Francis, West Allis and Whitefish Bay.

The hometown favorites of Washington County, Jefferson County and Dodge County including Watertown, Hartford, West Bend, Germantown, Jackson, Richfield, Ashippun, Lake Mills, Jefferson, Johnson Creek, Slinger and Erin.

Real Estate in Wisconsin is an excellent investment!

  Lisa bear southeastern wisconsin waukesha county lake country lakes
 "HELPING YOU MOVE IN THE RIGHT DIRECTION"

Thursday, July 12, 2012

Preparing Your Seller to Prepare the Home to be Prepared for Showings — Part 2 - Wisconsin REALTORS® Association

Preparing Your Seller to Prepare the Home to be Prepared for Showings — Part 2 - Wisconsin REALTORS® Association


Preparing Your Seller to Prepare the Home to be Prepared for Showings — Part 2

By: Cori Lamont
Preparehome-LRG

Protecting the Seller’s Personal Property

As per lines 174-178 “Open House and Showing Responsibilities” of the WB-1 Residential Listing Contract Exclusive Right to Sell listed below, it is the seller’s responsibility to prepare the home for open houses and individual showings. However, sellers often look to their listing agent for guidance.
“Seller is aware that there is a potential risk of injury, damage and/or theft involving persons attending an ‘individual showing’ or an ‘open house.’ Seller accepts responsibility for preparing the Property to minimize the likelihood of injury, damage and/or loss of personal property. Seller agrees to hold Broker harmless for any losses or liability resulting from personal injury, property damage, or theft occurring during ‘individual showings’ or ‘open houses’ other than those caused by Broker’s negligence or intentional wrongdoing.”
Listing agents should review this language with all sellers. In addition, licensees should have a checklist handy or provide suggestions to the seller as to how the seller can go about preparing a home for showings. The following are a few tips that may be helpful to the seller:
  1. Hide or remove any valuables, including electronics, jewelry, weapons and prescription medications. 
  2. Do not leave personal information where anyone can see it. 
  3. Determine what will be done with the seller’s pet(s) during showings.
  4. Consider removing all references to the names and pictures of any children living in the home. 
  5. Confirm that all windows and doors are locked before leaving the property. 

Protecting the Agent 

Sometimes individuals do not like to acknowledge a reality that exists because denial is an easy place to reside. However, opening our eyes to a reality allows us to be better prepared if a time comes when we need to react.
The reality of the practice of real estate is that while sellers’ properties are being opened to the public, agents are the ones showing the property. Whether it is vacant land, a single-family residence or a commercial property, agents place themselves in potentially perilous situations every day. A self-defense class is one of the easiest steps to take in learning how to protect yourself.
Also, discuss with your broker whether your company has a distress code; if not, discuss whether the broker is interested in creating one. A distress code is a word or phrase that a company has in place that an agent would use if the agent was feeling threatened or uncomfortable while with a consumer. The company policy should be clear as to what the phrase or term is and what happens when an agent uses the distress code — whether the police are called, another agent is sent out, the agent is to be called away, among other methods. Also, another decision to make is if the company should have a policy that all new clients should be met at the office and possibly provide a copy of a photo identification and possible license number.
However, the following are some pointers to better protect you as an agent when showing properties or holding open houses.
  1. Trust your instincts.
  2. Pay attention to both your phone and battery strength.
  3. Identify all escape routes as you enter into the property. 
  4. Walk behind people; never enter into a room first.
  5. Notify your office, and potentially someone else, as to your location(s) throughout the day and check in regularly. 
  6. Check all the rooms, locks and windows prior to the leaving the property.
  7. If possible, avoid showings after dark.
  8. Never go into a space or room you cannot get out of easily.
  9. Lock your purse or wallet in the car.
  10. Have a visitor check-in sheet that allows you to obtain an individual’s name and contact information. 
  11. Park at the curb rather than the driveway.
  12. Always have your keys ready when walking to your car.
  13. Lock your car doors once you have entered.
  14. Be observant — stop talking on or looking at your phone! 
  15. Use technology to your advantage. MRIS has created Moby. Moby is a free app that is designed especially for the safety of real estate professionals that will contact emergency services and provide your location. For more information on Moby, visit www.mris.com/mris-products/affiliated-services/moby.

Protecting the Property

Protection of the real estate itself may seem like an unusual item to address when discussing safety. However, lately in some communities, including a popular Madison neighborhood, police departments have been contacting local boards to notify agents concerning burglaries. These burglaries have occurred in occupied homes and vacant homes, and it appears that entry was most often made through unlocked windows and doors.
Vacant homes are often easy targets as well because it is presumed that no one will be returning home or regularly monitoring the property. Law enforcement also indicated that vandalism and theft are regular issues in vacant properties.
  1. Be certain to be mindful that doors and easily accessible windows are securely locked, even when agents and owners are home. 
  2. Check vacant homes frequently.
  3. As the listing agent, introduce yourself to the neighbors — provide them with your business card — and ask them to contact you in the event they notice any unusual activities at your listing. They are there every day and can be a great asset in keeping an eye on the property.
  4. At all showings, make certain that doors and windows are secured when leaving.
  5. Think safety first — do not enter a vacant home if things do not appear “right.” 
  6. Do not hesitate to contact the local police department. Officers are more than willing to do a walk-through to assure the safety of the home.
There are a variety of resources to learn more about safety. For example, the National Association of REALTORS® has a site dedicated entirely to safety found at www.realtor.org/topics/realtor-safety.
Cori Lamont is Director of Brokerage Regulation and Licensing for the WRA.
Published: July 05, 2012

Wednesday, July 11, 2012

The 4-county Metropolitan Milwaukee housing market continued its strong

Home Sales Up 25.8% in June

Home Sales Up 25.8% in June,
28.6% for the 2nd Quarter


The 4-county Metropolitan Milwaukee housing market continued its strong advance in June and for the 2nd Quarter of 2012, posting 25.8% and 28.6% increases in sales, respectively, over 2011.

June was the 12th consecutive month in which home sales increased by double-digits. The combination of historically low interest rates and low prices has helped the market tremendously despite recent fluctuations in consumer confidence.

June also saw a 12.9% decline in homes listed for sale, continuing a recent trend as sales increased. The reduction in listings was needed during the depths of the recession in order to clear foreclosures from the market. However, in today’s market the contraction of listings has led to a tight level of inventory, now at only 6.3 months.

The combination of high sales and low inventory should yield price pressure in the near future, which, in fact, the market started to bear out in the last quarter. Washington and Walworth Counties were the first to show positive price appreciation, with respective 1% and 1.3% increases over the 2nd quarter of 2011.


County-by-County Sales Analysis for June compared to 2011:

• Milwaukee County up 27.2% in sales (969 units vs. 762 units)
• Waukesha County was up 20.3% (534 sales compared with 444)
• Washington County was up 54.8.% (161 vs. 104)
• Ozaukee County also up 11.0% (121 units vs. 109 units)
• Racine County up 2.1% in sales (198 units vs. 194 units)
• Kenosha County was down 5.7% in sales (164 units vs. 174 units)
• Walworth County up 34.7% in sales (132 units vs. 98 units)

County-by-County Sales Analysis for the 2nd Quarter compared to 2011:

• Milwaukee County up 25.2% in sales (4,555 units vs. 3,639 units)
• Waukesha County was up 31.7% (2,245 sales compared with 1,705)
• Washington County was up 43.8% (667 vs. 464)
• Ozaukee County also up 29.0% (503 units vs. 390 units)
• Racine County up 11.4% in sales (945 units vs. 848 units)
• Kenosha County was up 11.0% in sales (836 units vs. 753 units)
• Walworth County up 21.9% in sales (613 units vs. 503 units)

Share


Welcome to Wisconsin Real Estate with Lisa Bear

Thank you for visiting.  Please feel free to contact me for any of your real estate needs including an online market if you are a seller, or finding a home if you are a buyer. My real estate focus in the  Waukesha County, Milwaukee County, Lake Country, Jefferson County, Dodge County and Washington County areas.  I have my IRES designation (International Real Estate Specialist) so I can assist you with all your real estate needs in Wisconsin, the USA or anywhere in the WORLD!

When you are seriously looking or just browsing at real estate in Wisconsin, I am a great resource to help you with all your needs and questions, whether a first time home buyer, relocating to or from the beautiful LAKE COUNTRY area, looking to invest or explore foreclosure opportunities or just thinking ahead to the future.

Lisa Bear of RE/MAX (262-893-5555) is an experienced real estate agent in Waukesha County and the entire Milwaukee Metro area including:

The prospering communities of Waukesha County including Delafield, Waukesha, Oconomowoc, Pewaukee, Waukesha, Sussex, Wales, New Berlin, Dousman, North Prairie, Mukwonago, Chenequa, Menomonee Falls, Brookfield, Elm Grove, Okauchee, Eagle, Muskego and Merton.

Great municipalities in Milwaukee County including Milwaukee, South Milwaukee, Wauwatosa, Hales Corners, Greenfield, Glendale, Franklin, Bayside, Brown Deer, Cudahy, Fox Point, Greendale, Shorewood, Oak Creek, St. Francis, West Allis and Whitefish Bay.

The hometown favorites of Washington County, Jefferson County and Dodge County including Watertown, Hartford, West Bend, Germantown, Jackson, Richfield, Ashippun, Lake Mills, Jefferson, Johnson Creek, Slinger and Erin.

Real Estate in Wisconsin is an excellent investment!

  Lisa bear southeastern wisconsin waukesha county lake country lakes
 "HELPING YOU MOVE IN THE RIGHT DIRECTION"