May 13, 2011 at 07:11 AM
When it comes to landscaping, possibilities are endless. For the most part, if you can dream it, it can be created. Unfortunately, not all of us have the creative gene or the desire to tackle an intense do-it-yourself project. Also, most of us are not experts on blending concept and functionality.
There is so much that goes into landscaping! From the overall design, to choosing the right trees and flowers…landscaping is an art. Pick the wrong evergreen, and you will have deer visiting your yard late at night for a midnight snack until there is nothing left but branches. Pick the wrong flowers, and they may not grow back the following year.
Recently, my wife and I built a new home. Of course, with building comes landscaping. After careful consideration for several weeks, we decided to reach out to contractors and ask for written quotes. We were very surprised at the wide range of prices. The quote was to include finished grading, storm drainage, a 30 head in-ground water sprinkler system, and Kentucky Blue Grass seeding. The gap between the highest and lowest bid was $4,700.00!
After careful consideration of the bids, and meeting with representatives from each company, we decided to go with a Waukesha based company, Hardscape Concepts. We personally met with the owner, Jim, and were very impressed with his presentation and the personal commitment he made to our project. He was very detailed is his approach and walked through step by step what would occur from start to finish. He even informed us that he did additional work such as concrete, patio pavers, retaining walls, and ponds and water systems, that we are also giving some consideration to at a later date. His crew was on time each day, took time to update us on their progress, and because of some bad weather that limited their ability to work on a Friday, came and spent the entire day on Saturday catching up for the time we lost through no fault of their own.
We are very happy with the quote, the work performed, and would definitely work with Jim, and Hardscape Concepts, in the future.
Brian A. Peters, M.B.A., M.S.A.
Shorewest Realtors
Brian.shorewest.com
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Brian Peters
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Tagged with area landscaping, brian peters, hardscape concepts, home advice, home improvements, home landscaping, landscaping quotes, living in wisconsin, new home, real estate market, real estate trends
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May 12, 2011 at 04:22 PM
Summer is quickly approaching in Wisconsin which means a few solid months to enjoy lakeside living. There are really two ways to look at lake property: 1) as a primary residence and 2) a seasonal residence. How you plan to use your home plays a huge role in how you go about shopping for one. Most people looking for a primary residence want a home that they feel comfortable in, that is functional, and that has adequate storage for their possessions. A seasonal retreat is different. With a seasonal home, you only need enough space and basic functionality to get you by for a short period of time.
A yard is also something to consider. When a buyer is looking for a primary residence, they often want a home that offers a nice yard. With lake property, your playground is the lake. A sizable yard associated with a lake home is often an expensive, and unnecessary, frill. Homes that have lake frontage are usually narrow lots that have between 30-100 feet of lake frontage. This is done so more homes can be built on the lake shores which means as a owner your home will likely be placed in a very cozy manner between your neighbors. However, there are exceptions to every rule. In the world of lakeside real estate, those exceptions all have price tags associated with them.
The size of the home, size of the lot, age and condition the property is in, amount of lake frontage included, finishes, the particular lake the property is on, are just a few of the major considerations that play a significant role in how much a buyer will have to pay to realize their dream of lakeside property ownership. In most cases, some compromises and sacrifices will have to be made. As a real estate professional, if I were looking to invest in lake property, here is how I would approach my priorities as both a primary and seasonal buyer:
| Primary Residence | Seasonal Residence |
| 1) Location (lake specific) | 1) Location (geographically) |
| 2) Size (including total beds & baths) | 2) Size (enough functional space) |
| 3) Age and condition | 3) ------- |
| 4) Lot size | |
| 5) Finishes | |
| 6) Amount of lake frontage | |
While this example may be oversimplified, it does highlight the point I am trying to make. When you buy a primary residence, a very detailed and specific wish list is very important. When you buy a seasonal lake property, most of the time you spend and the memories you create will be spent outside the home. The home itself becomes, more or less, a place to rest your head when the day and fun is done. Also, don’t be surprised if the home in your price range needs a considerable amount of work. It is important to keep an open mind when shopping for your seasonal retreat. Go into a showing with the mind set that the property will require some TLC, and your personal touch, to make your dream your reality. In general, move in ready homes on a lake are a premium and tend to be homes that are used by the current owner/seller as their primary residence. If you want move in ready, you can expect the price to reflect that convenience.
Knowing what to expect can make finding and buying a home on a lake a more enjoyable process!
Posted by: Brian Peters
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April 18, 2011 at 07:22 AM
If you are currently considering whether or not now is the right time to buy a home, you are in luck. You have probably heard the term “buyer’s market.” A buyer’s market means market conditions favor buyers as opposed to sellers. This could not be any more true as we head in to spring 2011.
Southeastern Wisconsin is saturated with properties with a tremendous range in price. Properties are currently listed by sellers for a variety of reasons which may include, but are not limited to, relocation, financial hardship, divorce, and other changes in familial status. Sellers in these situations don’t necessarily want to sell, but have to sell. Because these sellers have to sell, and because there are so many properties on the market in which they must compete against, prices have fallen.
In addition to a high volume of properties on the market, interest rates remain at record lows. Over the span of your loan, these record low rates can save you tens of thousands of dollars; not to mention keep your monthly payments down.
As a buyer’s agent, I am very excited about the possibilities that are out there. The wide selection of properties and low prices increase the likelihood of finding exactly what my buyers are looking for. In many instances, I am able to find properties that even exceed expectations.
I want to remind you that as a Realtor, I do not receive any upfront payment for my services. I am only paid after a successful closing. Why do I mention this? Because if you are looking to buy a home, I want to help you find exactly what you are looking for. I want to help you find the right location, the right size, the right style, and of course, the right price. If you might be in the market for a new home, or are even curious about what is available, I encourage you to call me and tell me how I can help you.
If you would like to learn more about homes in Southeastern Wisconsin, or are looking to purchase a property, call me at 414-418-2119. I look forward to working with you!
Brian A. Peters, M.B.A., M.S.A.
Shorewest Realtors
414-418-2119
Brian.Shorewest.com
Posted by: Brian Peters
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April 15, 2011 at 04:26 PM
In today's economic environment, many people are wondering where to put their money. There are a lot of investment products available that range from conservative to aggressive, and everything in between. If you were to consult ten different financial professionals, you would likely get ten different investment recommendations. The truth is there is no magic crystal ball and all investments carry with them various degrees of risk and reward outcomes. The key to successful investing is to minimize risk. For me, minimizing risk means looking at the big picture first, and details second. Understanding what is going on in the economy will help you determine which opportunities yield the best potential. For example, in the last decade, gold prices have gone up over 400%. Some factors are, but are not limited to, inflation, supply and demand, the European debt crisis, as well as global politics. Any one of these factors probably wouldn't be enough to drive gold prices as fast or as high as they have, but several factors taking place during the same time frame can cause more drastic change.
Real estate investing has similar rules. Any one economic or market factor is not likely to have an overwhelming affect; but a combination of a few or more, will. There are several television shows, books, and websites that talk about how much money you can make flipping houses! Can you make a lot of money flipping houses? You absolutely can. Is it a given that if you buy a house and fix it up you will be able to sell it for a profit? The answer is, no. When flipping homes, there are several factors you need to take into consideration.
1) Your Market
The number one rule in real estate is location. People that are successful at flipping homes generally select properties in a desirable market. They want to make sure that when they are finished with the remodeling portion of the project, they will have buyers lined up ready to make an offer on their property.
2) Material and Labor Costs
When purchasing a "fixer upper", it is important to conduct a thorough and accurate assessment of the property. Ask yourself, is the property structurally sound? What changes need to be made to the property in order for it to sell for top dollar?
3) Carrying Costs
The most overlooked element in home flipping are carrying costs. From the time a property is purchased, through the remodeling phase, all the way to the day the property eventually sells, there are carrying costs associated with the project. Monthly mortgage payments, property taxes, other miscellaneous loans, are all factors that need to be considered.
Here is an example:
Property: 123 Main St.
. Purchase for $200,000
. 25% of the purchase price was cash and the balance of $150,000 is mortgaged
Remodeling:
. New kitchen cabinets $25,000
. New kitchen floor $2,000
. New living room and bedroom carpeting $8,000
. Master bath gutted and refinished $11,000
. Jack and Jill bathroom refinished $3,000
. New paint throughout $3,500
. Landscaping for curb appeal $22,000
Total material and labor cost $74,500
Timeline:
. 3 months to complete the remodel
. 3 months to market and sell the property
. Six months of carrying costs = $6,796
For illustration purposes, I have chosen a property in a community that will most likely sell in 90 days or less based on sales data. If I were looking to take on this project, the project alone would be at a cost of approximately $281,296.00. Based on a comparative market analysis, it is reasonable to assume this property will bring in around $359,000 when sold. The total profit, at a sale price of $359,000, would be $77,704. However, this return is only a projection and is not guaranteed. If problems were found during the remodel, material and labor costs could rise. If the property does not sell in 90 days or less, there will be additional carrying costs. If the market changes from the time the project is started, to the time the home is listed, the property may not sell for the initial amount expected. My personal rule of thumb for home flipping a home is a 25% return. I want to be reasonably confident that the property I invest my time and effort on will realize a 25% or greater profit when the home is eventually sold. I need this cushion to feel comfortable about potential problems or complications that may occur. In some instances, you may get a far better return. In other instances, you may not. Small profits, or breaking even, is not an option. Home flipping projects are not easy and if you spend six months to make a small amount, or break even,chances are you won't be flipping houses very long.
The most important element of home flipping is the initial property search. Only a very small fraction of homes on the market have the potential to turn a 25% profit in 180 days. The best opportunities are foreclosures and distressed properties, in a desirable market, in a market that is not over-saturated. As an investor, be patient, do your homework, and be honest with yourself. Know what you are getting yourself into before rushing to purchase a property. In doing so, you will increase your chances of realizing a sizable return on your investment.
Brian A. Peters, M.B.A., M.S.A.
Shorewest Realtors
Brian.Shorewest.com
Posted by: Brian Peters
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Tagged with brian peters, carrying cost real estate, current housing market, current housing trends, flip housing, house renovation, house seller advice, real estate 2011, real estate advice, real estate economy, real estate market, real estate opportunity, real estate trends
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April 01, 2011 at 04:25 PM
This morning I had both the opportunity to work and tour the 2011 Realtors Home and Garden Show at Wisconsin State Fair Park. It was a great experience for me and one I hope many of you are able to experience for yourselves. If you need ideas for remodeling, landscaping, home decorating, or just about anything else, this is the place to be.
Being in real state sales, I get to see a lot of different homes on a regular basis. I get to see all different tastes, styles, and personal touches that have inspired ideas that I have used around my own home. However, there is truly something to be said for having dozens of vendors, of all types, in one centralized area for customers to speak with. Simply looking in the phone book or online would take as much time, if not more, than visiting showroom floor exhibits.
Now that spring is here, I will be undertaking an extensive landscaping project in my own yard. There is no doubt that the Realtors Home and Garden Show not only gave me great ideas, but also allowed me to meet representatives from some outstanding companies that my wife and I will likely use to assist us with our project. I was told that HGTV’s Outdoor Room with Jamie Durie has inspired many local businesses to take outdoor living to a whole new level. If you have the opportunity to visit the show, you will see what I am talking about. There is no shortage of local talent when it comes to outdoor living design!
The show began last week and will run through this weekend, April 1st through April 3rd. If you would like more information I encourage you to visit the Realtors Home and Garden website at http://www.realtorshomeandgardenshow.com/general_info/index.cfm
Go ahead and check it out…you won’t be disappointed!
Posted by: Brian Peters
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March 31, 2011 at 03:37 PM
In the past, I have always had an interest in street names. Not that I necessarily dwelled on them, but some have definitely struck a cord with me more than others. I have always thought this was a personal quirk more than a broad consideration given by most.
Recently, I have been working with a couple looking to purchase a new home. Through an electronic search, we were able to narrow t
he list of potential contenders down to three. After touring all three, we took the opportunity to talk about each of them. Of course, we talked about interior layout, how they were decorated, curb appeal, yard size, location, and each neighborhood. I was surprised to hear that as we drove through each neighborhood, the couple had noticed street names near each home.
In Southeastern Wisconsin, it isn’t unusually to find that subdivisions have a particular theme to their street names. Some are named after trees such as Oak Ave., Maple Ave., or Elm St. I have seen neighborhoods that have a Presidential theme that include Van Buren Ave., Jackson St., and Lincoln Ave. There are also neighborhoods that seemingly do not have any theme and the street names vary considerably.
We have all been told that first impressions matter. When you consider the five basic senses; visual, auditory, kinesthetic, olfactory (smell), and gustatory (taste), it is my belief that each one will have its own first impression. When I hear a street name for the first time, it triggers an image or thought for me. Street names also triggered responses for my buyers. This conversation got me thinking so I begin searching the web to learn more about street names. There are several websites that list their top ten strangest street names in America. One list I came across was compiled by Mitsubishi Motors and are as followed:
10. Tater Peeler Road, Lebanon, TX
9. The intersection of Count and Basie, Richmond, VA
8. Shades of Death Road, Warren County, NJ
7. Unexpected Road, Buena, NJ
6. Bucket of Blood Street, Holbrook, AZ
5. The intersection of Clinton and Fidelity in Houston, TX
4. The intersection of Lonesome and Hardup, Albany, GA
3. Farfrompoopen Road in Tennessee
2. Divorce Court, Heather Highlands, PA
1. Psycho Path, Traverse City, MI
As a real estate professional, it is my belief that some street names simply have more appeal or sound better than others. Whether or not, or to what degree, street names affect a buying decision is a whole different question. I believe that if a scientific study were conducted, we would see a correlation between street names, how much homes sold for, and average number of days on the market. Of course, geographic location and other variables will apply to overall results as well; but in general, I believe that streets names do play a role in home sales.
As a buyer, you have done an internet search and come across two very nice homes, each are very similar in size and style, but home number two is a much lower price. Home number one is located at 777 Happy Valley Rd. Home number two is located at N71 W26792 Divorce Ct. (Yes, Divorce Ct. is the name of a real street). I would tend to believe that even though the home on Divorce Ct. was much lower price, most buyers would prefer to live on Happy Valley Rd. I would have a hard time convincing my wife that the home on Divorce Ct. is the home for us. In fact, I think if I even suggested it to her she would pack my bags and send me on my way!
While most street names do not tend toward the extreme, the right street name may attract buyers for showings more easily than others, and as we know, showings lead to sales. If you are looking to buy or sell a home, pay attention to street names near you.
Posted by: Brian Peters
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March 30, 2011 at 07:55 PM
Let’s face it, there are companies that out there that have done an amazing job engineering products that are more durable, easier to install, or longer lasting, and of course, less expensive, than more traditional building materials. Advances in technology and design have allowed for rapid growth and development, especially in more modern times.
However, newer doesn’t always mean better. The Pyramids of Egypt, Roman and Greek architecture, and buildings of Western Europe, show us that some structures withstand time better than others. In Europe, even today, more traditional design is still used. A good friend of mine is a contractor in Belgium and I had the privilege of visiting him last year. When I was visiting, he took me through one of the homes he was in the process of building. Given that I appreciate both architecture and real estate, I welcomed the opportunity to see things from a different point of view.
In the United States, the vast majority of homes are constructed using wood framing, sheet rock for interior walls, exterior insulation material, and are finished using either wood, aluminum, vinyl, concrete, or stone siding. In Europe, the homes are framed using concrete blocks. A plaster type material is smoothed out on the inside to soften the look of the walls. A second more decorative stone is used around the exterior portion of the home to give it a more finished look. He noted that because of the thickness of the walls, the home is exceptionally well insulated which reduces heating and cooling costs.
My friend the contractor then explained his philosophical explanation as to why there remains such a noticeable difference between American and European homes. In Europe, available land near cities, worth building on, is a premium. Land parcels themselves are usually much smaller in size which requires a smaller, more modest, residence. Those that still elect to build homes, rather than buy existing, do so with the belief that the home they build will be there for a long time. Homes in Europe become a lasting part of the landscape of that area in which they are built. Conversely, in the United States, especially in areas not on the East or West coast, more land is available for the construction of new homes. When someone in the United States decides to build a new home, they typically mention size as one of their most important considerations. Whether or not the home is in good condition, or standing in a century, is rarely if ever a top consideration by U.S. home buyers. Instead, most want their new home to be large and relatively inexpensive.
Again, this got me thinking. While I agree with some of his assessments, I don’t believe them to be absolute. In Southeastern Wisconsin, the price range we see for homes varies from tens of thousands of dollars to millions of dollars. While it may seem obvious to many people, the price of a home is often indicative of the quality and type of materials used to construct the property.
For example, higher end homes more typically have:
- Real wood flooring, wood cabinetry, and wood trim
- Marble or slate flooring
- Stone, concrete, hardy plank, wood, or some combination of any or all of them, used for the exterior finishes
- Granite, quartz, or other types of stone, for countertops
More modest or basic homes are more likely to use various types of synthetic wood or veneers, vinyl flooring or man made tiles in bathroom areas, vinyl or aluminum siding used on the exterior, and laminates for countertop surfaces.
Although modern technology has come a long way, when it comes down to it, there is still something to be said for using natural materials. Whether you are looking to buy a new home, getting your home ready to sell, building your dream home, or considering a remodeling project, remember that your materials matter. While newer synthetic materials are often less expensive, it is important to consider your options. It is not a bad idea to consider homes around you and use them as a guide for your decisions. Those homes are, or will be, the homes buyers will consider your home against when they consider purchasing properties in your area.
Posted by: Brian Peters
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March 28, 2011 at 01:36 PM
If you are trying to sell your home, you need to take staging seriously. Nearly one-third of all buyers looking for a new home look online. Looking online means they are looking at photographs and deciding whether or not your home is a contender and whether or not they want to see it in person. If the pictures don’t look good, or don’t look good compared to others the buyer is viewing, you are likely to have fewer potential buyers visit your home.
Staging is also very important once potential buyers are through the door. Here are some helpful tips that will help you sell more quickly, and for the best price:
1)
Paint
When selling your home, you want your home to appeal to as many potential buyers as possible. You may love your candy apple red kitchen, but not everyone does. Paint is one of the most simple, effective, and cost efficient projects to get your home ready to sell. Very basic, light, earthy tones allow buyers to see the home’s potential and makes it easier for them to mentally decorate, design, and personalize the space. Not only does paint help broaden your buyer base, but a fresh coat of paint also feels new, fresh, and like the home has been well maintained.
2) Neutralize
Let’s face it, when you put your home up for sale you are acknowledging that you are soon moving and the home will no longer be yours. You will, at some point, need to pack up the family photos, knick-knacks, collectors’ pieces, and other random items you have placed throughout your home. That being said, it is recommended that you face this reality head on, take a proactive approach, and pack up the personal items the moment your home is listed on the market. The only items that should be seen by visitors are the items you need on a daily basis. I have sellers that ask me, “So what would you recommend we pack up?” My answer is always very simple…when listing your home, it should basically look like a hotel. What I mean by this is that anyone could come over, with a suitcase of personal items, and have just the bare necessities available to them for their visit. Basic furniture, generic décor, and kitchen items are about it. As a seller, you want a buyer to see themselves in the home and want them to already feel like they could live there. The less of you they see in the home the greater chance they will see themselves in it.
3) Fix it
If something is broken, or even looks broken, fix it. When potential buyers visit your home, they are looking for reasons not to buy just as much, and for some even more, than they are looking for reasons to buy. Don’t give them a reason not to buy your home. If you have a broken door handle, replace it. If you have a hole in your drywall, repair it. When a buyer sees a problem, they begin to worry about what else may be wrong with the home. Some buyers will say, “If this person doesn’t even fix a problem that is obvious, what else is wrong with this home?” Do repairs cost money? Of course they do. However, it can be more costly for a buyer not to fix them. Choosing to sell a home without making necessary repairs will inspire buyers to place lower offers. Buyers often over compensate when they factor repairs in to their decision.
4) Smells matter
There are 5 basic senses and smell is one of them. When a buyer visits a home, the smell of the home can influence a buying decision. One of the most common smells that turn buyers off is pet odor. I am not asking you to get rid of your furry family member, but I am asking that you keep clean. If you have a litter box, make sure clean it daily. It is not just enough to clean it before an open house or tour. The waste may be gone, but the smell is not. Also, be careful of what you spray throughout the home. I have seen sellers spray air freshener throughout their home prior to a guest arriving. One of the most common things I am then asked by potential buyers is, “What smell are they trying to cover up?”
5) Cleanliness is next to godliness
While this tip has been more or less explained in tips one through four, it can not be emphasized enough. At the end of the day, a clean home will sell quicker than a dirty or cluttered home. I would even go so far as to recommend having your home professionally cleaned. Have your carpet and rugs cleaned, toilets and tiles scrubbed, windows washed, exterior power washed, etc. To have a house cleaned from top to bottom can cost several hundred dollars, but it is money well spent. If you are selling your home for $200,000, and it costs you $1,000 to have your home cleaned, the cost is 0.5% of the listing price. Having a sparkling clean home will not only help sell your home, but it will help you get the best price.
Remember that selling a home is more than putting a sign up in your front yard. Any property can sell. There is a buyer out there for just about everything. However, as a seller, you want your property to appeal to as many people as you possibly can. Having a broad appeal will help you sell your home quickly, and for the best possible price. If you make selling your home quickly and for the best possible price your goal, the time, effort, and financial investment made will make a lot more sense and will not feel like a burden.
Brian A. Peters, M.B.A., M.S.A.
Shorewest Realtors
Brian.Shorewest.com
Posted by: Brian Peters
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March 25, 2011 at 07:41 AM
When thinking about insurance, most people consider it a “necessary evil.” Very few of us get out of bed and are excited to go shopping for insurance of any kind. When you get right down to it, people that have good fortune are those that will pay toward something they never use. For example, I would prefer to go my entire life paying for auto insurance coverage and never have to report a claim. For most of us, however, this is not reality. At some point, the law of averages will get the better of us and something will happen. It is not that we want to be in an accident, or expect to be in an accident, but it is important to have coverage in the event something should happen. This same basic principle goes for your health, home, and other items of value.
Recently, my wife and I received a letter from our insurance agent informing us that he was retiring. He had been my parent’s agent for three decades, and because my parents spoke very highly of him, my wife and I gladly signed up with him as well. In his retirement announcement, he mentioned that our policy would be transferred to another agent, but if we had any questions, we could contact him. I decided to take him up on his offer and contacted him. After our conversation, I decided to contact a local State Farm agent by the name of Clark Chiaverotti in Wales, Wisconsin.
His approach to customer service was appreciated. He invited my wife and I into his office, took time to get to know us, and showed us that his approach to business was more than paperwork. It would have been easier and more convenient for him to simply complete the paperwork electronically and move on. However, from a personal point of view, I appreciated Clark’s more traditional approach. I very much consider myself a community person. I like doing business with people in my community and I like attending events in my community. I am of the belief that good communities are a reflection of the people that are a part of them.
The State Farm marketing hook is, “Like a good neighbor, State Farm is there.” While I can not speak for all of State Farm’s agents, it is nice as a consumer to experience my agent standing behind the company line.
Brian A. Peters, M.B.A., M.S.A.
Shorewest Realtors
Brian.Shorewest.com
“Your success is my business!”
Posted by: Brian Peters
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March 23, 2011 at 04:09 PM
Each year the NCAA tournament offers sports fans exhilarating highs and gut wrenching lows. The tournament is full of last minute buzzer beaters, bracket busting upsets, the thrill of victory, and the agony of defeat. There are plays and moments that will take on a life of their own as they become enshrined in highlight reels, to be viewed over and over, when taking a look back on conquests of the past.
This year, two Wisconsin teams are still in the hunt to become NCAA Men’s College Basketball Champions. The last time both Wisconsin and Marquette made it to the Sweet 16 was in 2003. Wisconsin was the #5 seed in Midwest Region and was matched up against #1 seeded Kentucky. They were lead by their sophomore guard, Devin Harris. Kentucky prevailed 63-57 knocking the Badgers out of the tournament. Marquette was the #3 seed in the Midwest Region and was matched up with #2 seeded Pitt. They were lead by a pretty talented guard of their own, Dwayne Wade. The Golden Eagles emerged victorious over Pitt with a narrow 77-74 win. Marquette helped Wisconsinites avenge the loss suffered by the Badgers to Kentucky by beating Kentucky 83-69 to advance to the Final Four where they met Kansas who proved to have too much fire power for them to overcome. Here are some fun facts to consider since the “tournament era” began:
- Wisconsin has reached the Sweet 16 six times
- Marquette has reached the Sweet 16 thirteen times
- Wisconsin won the National Championship once (1941) coached by Bud Foster
- Marquette won the National Championship once (1977) coached by Al McGuire
- 2011 is only the second time in tournament history that the Badgers and the Golden Eagles have made the Sweet 16 in the same year
This year, to advance into the Elite 8, the #4 seeded Wisconsin Badgers will have to beat #8 seeded Butler in the Southeast Region. This year the Badgers have relied on the steady performance of junior guard, Jordan Taylor. That game will take place on March 24th, and is scheduled to start at 9:57pm Eastern. The #11 Marquette Golden Eagles will have an arguably tougher challenge as they take on #2 seeded North Carolina in the East Region which is schedule to take place on March 25th at 7:15pm Eastern. They will need their junior guard, Darius Johnson-Odom, to continue his clutch performance if they are to move past North Carolina and on to the next round. In 1977, when Marquette won the tournament, they had to beat North Carolina in the Championship game to do so. The Badgers and the Golden Eagles have never advanced to the Elite 8 in the same year.
It is noteworthy that should Wisconsin and Marquette win their next three games, they would play their fourth game against each other and the winner of that game would be crowned 2011 NCAA Men’s Basketball Champion.
Best of luck to both our Wisconsin Badgers and Marquette Golden Eagles!
Brian A. Peters, M.B.A., M.S.A.
Shorewest Realtors
Brian.Shorewest.com
Posted by: Brian Peters
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March 23, 2011 at 07:06 AM
In 2010, MSNBC ran a story announcing that Milwaukee had topped the annual list becoming the worst-selling housing market in the entire country.
As someone that calls Southeastern Wisconsin home; as someone who enjoys traveling and has seen much of the United States; and as a real estate professional; I can not help but ask myself the question…why?
Over a century ago, Milwaukee competed with Chicago as one of the Midwest’s largest metropolitan cities. They both offered a beautiful location, nestled along the shores of Lake Michigan, with various attractions and night life. Both cities were home to thriving businesses and offered job opportunities to those looking for employment. So what happened? What catapulted Chicago to become the nation’s third largest city and caused Milwaukee to eat their dust? The short answer is the railroad and the long answer is politics.
Around the turn of the 20th century, Chicago and Milwaukee were two cities competing for the rights to a major Midwestern train station linking rails from the east coast to those in the west. Chicago triumphed, won the rights, and from that point on, the landscapes of the two cities have never been the same. Chicago has become a major hub for business and industry on a global scale. Milwaukee has grown, but not to the extent of their neighbors in the South.
However, times have changed. We are no longer dependant on the railroad to the extent we were a century ago. Land is a premium and there is only so much lake frontage to go around. Why is Chicago still a desirable place to call home and Milwaukee is...well…Milwaukee? The answer is politics.
Since losing the railroad hub to Chicago, Milwaukee has been plagued with some of worst leadership in the nation. During the first half of the 20th century, Milwaukee became a center for socialism. Milwaukeeans elected three Socialist mayors during this time: Emil Seidel (1910–1912), Daniel Hoan (1916–1940), and Frank Zeidler (1948–1960). Milwaukee is the only major city in American history to have done so. These leaders have been pro-union, anti “big” business, and have stifled most attempts to capitalize on Milwaukee’s geographic location and beautiful vistas. In the later half of the 20th century, Milwaukee has not performed much better in terms of development. Liberal leadership has continued pro-union, anti-business sentiments, which ultimately cost Milwaukee a recent loss to Chicago. Miller Brewing Company decided in 2008 that the business and political climate in Milwaukee was not in their best interest an opted to move their headquarters from Milwaukee to Chicago.
So now in 2010, we are told Milwaukee is the worst-selling housing market in the country. In thinking about this sad state of events, being a person that loves my state and calls Southeastern Wisconsin home, I tried to look past the doom and gloom. Another local Wisconsin company [West Bend Mutual] reminds us that every dark cloud has a silver lining; and then it hit me. Milwaukee is at the bottom. It has nowhere to go but up. If you are looking to start a business, in a major metropolitan city, it is unlikely that you will find a better piece of real estate, at a lower price, then you will find in Milwaukee. If you are a home buyer, and you want city living at an affordable price, there is an abundance of condominiums on the market located right downtown, only a short walk from some of Milwaukee’s best bars, restaurants, and entertainment venues. Why pay a premium to live in downtown Chicago when you can experience a very similar lifestyle at a fraction of the cost?
How often have you said, or have heard others say, “Man, I wish I would have gotten in on the ground floor of [THAT] opportunity!” Some people bought Google, Microsoft, Wal-Mart, and other great investments for pennies on the dollar. Some of those people made more off their small investment than they made working a life time at a 9-5 job. Milwaukee is a ground floor opportunity. Will politics still play a major role in progress, growth, and development? It absolutely will. However, it was Gandhi that said, “Be the change you want to see in the world.”
Milwaukee is a beautiful diamond in the rough. It has the potential to be so much more than it is. It is a ground floor investment with the potential for greatness. Like most investments, however, the rewards will go to those with the vision to see what could be; those bold enough to put money behind that vision; and those willing to take actions necessary to turn potential into reality.
Brian A. Peters, M.B.A., M.S.A.
Shorewest Realtors
Brian.Shorewest.com
“Your success is my business!”
Posted by: Brian Peters
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March 22, 2011 at 11:42 AM
As a Realtor, my objectives when selling a property are rather straight forward: Sell my client’s property as quickly as possible for the best possible price. For years, home buyers have purchased homes with belief that when it came time to sell, they would make a profit. More recently, we have experienced a recession that has dramatically affected the housing market. Much of what is currently transpiring is due to several factors such as lax lending standards, historically low interest rates, and speculation.
With interest rates low, loans were being issued at a more rapid rate. Lax lending standards allowed borrowers that wouldn’t have typically qualified for loans to receive them. With more money pumped into the real estate market, supply was comparatively low and demand was high. One of the most fundamental rules of economics is when supply is low and demand is high, prices go up.
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In recent years, practices have become unsustainable. A greater number of borrowers have failed to make their payments and have ultimately defaulted on their loans. More and more homes on the market have become short sales, foreclosures, and sellers that need or want to sell because it has become increasingly difficult to carry the cost of their property. In regards to short sales or foreclosures, in most instances the bank or lender is not looking to receive “market value” on the property; rather, they are trying to recover the outstanding loan amount on the property.
With more and more homes on the market, and fewer buyers looking or qualified to purchase, supply is high. Although interest rates in the early part of 2011 remain at historic lows, lenders are now more cautious about whom they issue loans to and want to be certain that those they are issuing loans to are both able and likely to make required payments on their loan. Again, basic economics…when supply is high and demand is low, prices fall.
As a home seller, you want to sell your home for as much as you possibly can. This makes perfect sense. However, a home, or any item for that matter, is only “worth” as much as a ready and able buyer is willing to pay for a particular piece of property. At this time, I want to offer some simple advice if you are currently in the market as both a seller and a prospective buyer.
1) Before you place your home on the market, have a Realtor perform a market analysis for you. The best way to determine what your home is “worth” is to learn how much similar properties in your area have recently sold for. In addition to learning how much homes have sold for, also ask your Realtor for a list of properties that have recently expired. In most instances, a listing has expired because the property was listed above, or a seller was not willing to accept an offer, at a price a particular market would bear.
2) After you have reviewed properties that have both sold and expired, familiarize yourself with listings that are currently active in your area. Again, think about supply and demand. If supply is high and demand is low, and you want to sell, pricing your home more competitively will make it easier for you to attract potential buyers.
3) HERE IS THE OFTEN OVERLOOKED TRICK – talk with your Realtor about homes in the area in which you would like to move. Have your Realtor find you homes in your desired location that are a great value. These may be homes that offer the most square footage, upgrades and amenities, acreage, etc., in the area in which they are located. Value is a personal judgment that takes into account what is received for the price that is paid.
As a seller, you may not be able to make a profit on your home when selling. However, you may still be able to come out even or ahead if you understand how to be a savvy buyer. In this market, it is even more important to work with a good real estate professional. When working for their seller, a good agent will be able to determine the correct list price for your property, market the property effectively, and takes steps necessary to ensure a successful closing. When working for their buyer, a good agent will help their buyer find a property that not only meets their needs, but is also a good value. A wise investor can come out ahead in any nearly any market, whether good or bad, if they understand economics.
You may have heard the saying, “Smart investors buy low and sell high.” In this market, I would also argue that you can come out ahead if you are willing to sell low and savvy enough to buy lower!
Brian A. Peters, M.B.A., M.S.A.
Shorewest Realtors
Brian.Shorewest.com
“Your success is my business!”
Posted by: Brian Peters
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March 21, 2011 at 02:30 PM
Winter has come and gone, Spring is here, which means fish fry season is in full swing. If you are looking for a great fish fry near you, or looking to journey off and try something new, I have put together a list of the top five places to visit in Southeastern, Wisconsin.
1) M.J. Stevens – Hartford, WI
5260 Aurora Rd
Hartford, WI 53027
From the minute you walk in to M.J. Stevens, you will be impressed with its old world charm. The stain glass and décor gives some visitors the feeling they have stepped back into a classic European establishment. The fish fries are lightly breaded and come in a variety of portion sizes to match your appetite. The prices are very reasonable which means visitors are able to keep both their stomach, and their wallet, full.
2) Wegner’s St. Martins Inn – Franklin, WI
11318 West St. Martins Rd.
Franklin, WI 53132
If you are looking for a classic beer battered cod, look no further than Wegner’s. Most locals know how good this fish is and it is evident from wait times that last up to two hours! However, fear not, there are three options for those that would prefer to avoid the long wait. The first option is to visit them for lunch. They serve lunch on Friday from 11:30a.m. until 2:00 p.m. and generally wait times are minimal. Option number two is to arrive early. They open their doors for dinner at 4:00pm, and if you get their early, you can avoid the long waits. The third option is to call in and place a carry out order. Because of the limited seating and long wait times, Wegner’s offers customers the ability to call in, place their order, and pick up their meal complete with fish, fries, cold slaw, and rye bread!
3) The Packing House – Milwaukee, WI
900 E. Layton Avenue
Milwaukee, WI 53207
The Packing House has a long and storied reputation as having an outstanding fish fry. Located on the North end of General Mitchell International Airport, the Packing House has become known as the place for Friday fish. The ambiance is classy which makes it a great place to bring a date, but also a good choice for entertaining a business associate or client. Because of their reputation, once again, arrive early or be prepared to wait.
4) Historic Turner Restaurant – Milwaukee, WI
1034 N 4TH St.
Milwaukee, WI 53203-1304
If you want a pub style fish fry, and the ability to enjoy downtown Milwaukee, Turner’s is the place. Located across the street from the Bradley Center, Turner’s is the place to go in Metro Milwaukee for a pub style plate of fish. Because it is relatively large, wait times are reasonable ranging from 15-45 minutes most of the time. However, it is recommended you call to inquire about wait times given the possibility of increased traffic, which is at times, attracted by various events taking place at both the Bradley Center and U.S. Cellular arena.
5) The Golden Mast – Okauchee, WI
W349 N5293 Lacy's Ln
Okauchee, WI 53069
When it comes to food, The Golden Mast finds itself on top many lists, and the fish fry is no different. It leaves guests with a smile on their face, and for some, leftovers to enjoy the next day. The beautiful vistas of Okauchee Lake are even enhanced by the regal atmosphere on the inside. It is a perfect place to take a date, especially if your date appreciates a good fish fry. For those of you that are thinking, “This one is probably expensive”, you may be surprised when you stop in and give it a try!
If you are like me and love a good ol’ Friday fish fry, then I highly recommend giving these places a try. In fact, if you know of a fish fry that you feel should have made my list, I too welcome trying new places. You can email me at BPeters@shorewest.com. Who knows…maybe your favorite will make next year’s top 5!
Brian A. Peters, M.B.A., M.S.A.
Shorewest Realtors
Brian.Shorewest.com
Posted by: Brian Peters
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March 18, 2011 at 10:16 AM
As a person that pays property taxes, you may or may not know where your money is going. For many of us, it is not much of a concern so long as our trash is picked up, our water is running, and our streets are plowed. However, what you may not know is that the majority of your property tax money goes toward your local schools. According to the Center on Budget and Policy Priorities, roughly 38% of property tax dollars are spent on education. This is higher than Medicaid, corrections, transportation, and public assistance combined.
There is no doubt that education and our schools are immensely important. A thriving society relies on the overall contribution of those it is comprised of. When it comes to education, Waukesha County is serious. Schools in Waukesha County have a lot to be proud of. They consistently rank very highly when it comes to test scores both at the state level, and nationally. According the Public Policy Forum, 93% of Waukesha County students are proficient or advanced in reading. To put this into perspective, the national average for students proficient or advanced is 32% according to National Center for Education Statistics, 2000.
What may also impress you about Waukesha County, in addition to their achievements, is how they have accomplished their success. Municipalities of Waukesha County have relatively low taxes comparatively speaking. Waukesha County has been able to maintain consistently high academic success without resorting to absorbent costs. On average Waukesha County spends $10,788 per student each year according to a 2009 report released by PublicPolicyForum.org. The average in southeastern Wisconsin is $11,107 and the average cost per student nationally is approximately $10,000 on average depending on various sources referenced. Although Waukesha is slightly more costly per student than the national average, their standardized test scores are considerably more impressive. From a business standpoint, it is easy to argue that Waukesha County earns a high return on their investment.
Brian A. Peters, M.B.A., M.S.A.
Shorewest Realtors
Brian.Shorewest.com
Posted by: Brian Peters
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March 17, 2011 at 06:42 AM
Whether on Wall Street, or in Real Estate, wise investors buy on the basis of value. When looking at value, there are a number of different items for consideration. Of course, we all know about price, but there are certainly others. Personal values can mean as much, and to some even more, than monetary value. When in the market for a property, consider the following:
1) What location do I want?
When considering location, also ask yourself why you picked a particular location. In doing so, it will help you get a better understanding of what your purchasing values are. Are you a city person of county person? Do you have a car or need access to public transit? Do you have a reason to look at certain communities that are well known for their school system? Do you want a newer home or one in an established community? Is shopping important to you? Is there a specific need you must have such as a home on lake, in a golf community, a condominium complex with a host of onsite amenities, or possibly an area that has abundant acreage so that your home feels like a private retreat?
2) What are my needs?
Many people begin the buying process by telling their Realtor, I am looking for an “X” bedroom home, with “Y” baths, that is around “Z” square feet. This is a great start. I also ask buyers, not only to consider what they want, but why they want certain features. Buying with purpose helps many buyers gain a better understanding of X, Y, and Z, becomes it helps them determine how they would use various rooms of a home when touring potential purchases.
3) How long do I plan on making this place my home?
There are short-term and long-term buying decisions that need to be addressed. When a buyer is looking at a short-term property, they need to consider factors such as, what is the average number of days on the market in a given area? Some neighborhoods see homes sell in weeks, while others have homes remain on the market months or even years before selling. Does a particular area hold its value better than others? When the economy fluctuates, some communities have greater price volatility for various reasons. Are you buying a “fixer-upper”? If you are looking to buy a property, put some sweat equity in it, and sell it for a profit, you need to know exactly what the local market allows in terms of pricing so you don’t find yourself putting more into the home than you will get out of it. Lastly, a consideration that is often overlooked is financing. If you intend on making your new home a short term situation, you don’t need a conventional 30 year fixed mortgage. You can save yourself money by choosing a 7/1, 5/1, etc. Adjustable Rate Mortgage (ARM).
4) What are your “non-negotiable” must haves?
When looking for new home, many of us have a preconceived notion of what we “must have”. In doing so, we may have buying blinders on and lose out on other great opportunities that could be equally as perfect for us. For example, a buyer may tell their agent, “I want a three bedroom home, with three bathrooms, on a one acre lot, that is not older than 10 years, in a particular city.” While having an idea of what you want is fantastic, it is important to keep an open mind. Your Realtor may find a home that meets or exceeds the buyer’s needs in 4 of 5 of the requirements, but learns the home is 20 years of age. However, the home has been completely remodeled in the past two years which means it is modernized and has many of the amenities a buyer would find in a new home. Having a Realtor you trust, and being open to what they have to offer, can mean you not only get what you are looking for, but it may even exceed your expectations.
5) Lastly, of course, we have PRICE
When Forbes Magazine releases their annual list of the world’s wealthiest people, one name that is at or near the top of the list each year is Warren Buffet. Incidentally, Warren Buffet made much of his wealth through real estate transactions. A great quote to keep in mind is, “Price is what you pay. Value is what you get.” As a buyer, you have to determine a property’s value. If you are buying the property for financial reasons, and want to be reasonably confident that you will turn a profit on the sale of the home when you decide to sell, the end result goal has to be considered as part of the buying strategy. As a buyer looking to improve the likelihood of making a profit when reselling, it may be advantageous to look at foreclosures, short sales, and distressed properties. When making an offer, it is important to understand that the offer may get rejected and that the seller may not be willing to part with the property for what you, as a buyer, are willing to pay for it. A buyer purchasing for investment purposes has to be willing to leave emotion out of their buying decision and willing to walk away from the deal and move on to another option. Conversely, if as a buyer you have a very specific wish list, plan to be in the home for a longer period of time, and are shopping for a property in a very desirable neighborhood, there may be a premium to get exactly what is desired. For this type of buyer, the value is not in how much is paid for the property, but that the property is exactly what they are looking for.
At the end of the day, every buyer is different. What is important is that each buyer consider what is important to them, what their needs are, and what their personal values are. Knowing the value of something is more than knowing what its price is!
If you are looking to buy a home and what to learn more about properties near you, please visit me on the web at Brian.Shorewest.com
Brian A. Peters, M.B.A., M.S.A.
Shorewest Realtors
Brian.Shorewest.com
“Your success is my business!”
Posted by: Brian Peters
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March 15, 2011 at 06:52 AM
When you are looking to buy a new home, one of the first steps you take is determining your price range. There are several factors that influence what price you are able to afford; and more importantly, what price range you are comfortable with. Some such factors include:
- Annual income
- Current debt
- Monthly fixed expenses
- Monthly variable expenses
- Future expenses
- Mortgage rates
- Private mortgage insurance (PMI) *if applicable *
- Property taxes
These are just a few of many financial considerations you, as a buyer, need to take into account when purchasing a new home. While it is true that your lender will help guide you in terms of what you can afford, it is important to consider these items for yourself.
One of the most often overlooked factors in purchasing a new home are property taxes. For example and simplicity sake, let’s say you are purchasing a new home and taking out a mortgage in the price range of $285,000. You plan on obtaining a 30-year fixed rate mortgage at the rate of 5%. In this scenario, you are looking at monthly payments of approximately $1,530 which is the principle loan amount plus interest (P+I). However, this does not account for taxes. There are two primary ways to approach property taxes. The first method is to escrow the amount and include it with your monthly mortgage payment. In doing so, you are saving incrementally so that when the payment is due at the end of the year, the money will be set aside for you to make the payment. The second option is to hold on to your money, and when the payment comes due, write the check out to your municipality on your own. There are benefits to option number two; mainly, you have the money to invest and use as you see fit during the year. * For details regarding option number two, it is best to consult your financial advisor.
As many of you know, taxes vary from community to community. In some instances, they may vary considerably. This means that purchasing a $285,000 home in one city may have a considerable difference in what is owed in property taxes annually than a city only minutes away. For example, let’s say you were looking to purchase a $285,000 home in the Village of Hales Corners, Wisconsin. In doing so, you annual property taxes would be approximately $6,324. This would make your monthly payment around $2,057.
However, five to ten minutes away, you found another $285,000 home that you like. This second home is located in the city of Muskego, Wisconsin. Your property taxes in Muskego, on a $285,000 home, would be approximately $4,580 a year. This would make your monthly payment around $1,912.
It is remarkable to many buyers that considering a property only minutes away, could save you hundreds, and in some cases thousands of dollars each year!
So, when you consider buying your next home, make sure you ask your Realtor how taxes will affect your monthly payments.
Click here to learn more about how much home you can afford.
Brian A. Peters, M.B.A., M.S.A.
Shorewest Realtors
Brian.Shorewest.com
Posted by: Brian Peters
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March 14, 2011 at 08:19 AM
Are you looking to buy a new home? Are you looking to sell your home? When selecting a realtor, you have options. There are many companies in Southeastern Wisconsin. However, none have the reputation or success that Shorewest Realtors has had. To put Shorewest's success into perspective, in 2009 they sold 8,870 properties. That is more than their next three competitors combined. So, what makes Shorewest Realtors so successful:
* Number one in sales and market share – Our exceptional sales associates list and sell more homes than any other company in Wisconsin.
* Entry into the Multiple Listing Service (MLS) – This service exposes your home to all the buyers in the area working with member brokers.
* Our industry leading website – Allows for searches by location, price range, category and number of bedrooms, with full-color interior photos and Guided Home Tours™. Buyers can find open houses and agents, access a mortgage calculator and much more. Through myShorewest, they can also customize and save searches, and receive e-mail alerts about newly listed properties.
* Shorewest intranet system – Your property is instantly shared with all Shorewest sales associates and their interested buyers.
* 24-hour bilingual hotline – Provides detailed descriptions of all our listings in English and Spanish. And buyers can connect directly to our sales associates who know the most about our properties.
* Shorewest TV – Our 24-hour TV channel features property photos, detailed descriptions and listing agent’s contact info.
* Highly visible For Sale sign – Our recognizable signs can be seen from blocks away. In fact, over 60% of our phone inquiries come from Shorewest yard signs.
* 700 open houses per week – More open houses than anyone else means we can attract more buyers than anyone else.
* Extensive, consistent exposure – Shorewest advertises in more than 60 specialized publications, including key northern Illinois periodicals.
* Affiliate of Luxury Portfolio – Allows us to market fine homes locally, regionally and internationally with the prestige they deserve.
* Relo® Home Search – Our partner for national home searches, Relo connects out-of-state buyers with properties like yours.
* Home Services Coordinators – Helps you with details such as home cleaning and repair, transferring utilities, storage facilities and more.
If you are looking to buy or sell a home, please visit:
State of Wisconsin
Waukesha County
Milwaukee County
Jefferson County
For general home sale information
As always, "Your success is my business!"
Brian A. Peters, M.B.A., M.S.A.
Shorewest Realtors
Brian.Shorewest.com
Posted by: Brian Peters
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March 14, 2011 at 07:35 AM
For those that love the game of golf, there is nothing better than living in a golf community with the course in your own backyard. In many instances, living in such a neighborhood requires a considerable amount of wealth, or the willingness to accept becoming “house poor." But fear not…there is another option.
If you want to live in a wonderfully beautiful golf community, amidst sizable homes that are architecturally diverse, in a quiet subdivision with a charming layout, than look no further than the Fairways at the Broadlands, located in Western Waukesha County, in the Village of North Prairie.
If you aren’t captivated by this point, yes, there is more. The homes in the Broadlands are positioned on lots that are approximately one acre in size. The benefit to the size of the lots is that homeowners do not feel on top on their neighbors which is the case in other golf communities where the developer opted to divide lots into smaller parcels.
The course has it’s own clubhouse that includes a golf pro shop, a casual dining establishment, and a banquet hall which can be booked for a variety of special occasions ranging from weddings, to homecomings, to Christmas parties, etc. The neighborhood boasts a number of community events such as men’s, women’s, and couples league golf leagues, ladies' night out events, game night, and other social gatherings that are hosted by different members of the community upon invitation.
This neighborhood makes you feel like a million bucks, even if you do not have a million bucks to spend on a home. If you are looking for a charming neighborhood, within the boundary lines of Waukesha County, that offers a great bang for your buck, look no further than the Fairways at the Broadlands.
Brian A. Peters, M.B.A., M.S.A.
Shorewest Realtors
Brian.Shorewest.com
Posted by: Brian Peters
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March 11, 2011 at 11:46 AM
As you arrive into Mukwonago on National Avenue, coming West from Waukesha, you may or may not notice a sign on the right hand side that reads, Heaven City. The Chef is Jimmy Wade, and although the name doesn’t come to mind like that of Bartolotta or Weissgerber as a Southeastern Wisconsin icon, after tasting the food maybe it should. The food is exquisite and every time you take a bite, you can’t help but verbalize how good the food really is.
For me, dining at Heaven City happened by chance. My wife and I recently moved from Jefferson County to the Village of North Prairie. In February, I was looking for a local restaurant to celebrate Valentine’s Day. I mentioned to a cashier at a local area gas station that I was new in town and looking for a good restaurant noting I was looking ahead to Valentine’s Day. She told me there was a place called Heaven near by that she has heard good things about, but she had never eaten there herself. I took that with a grain of salt since she had not in fact eaten there herself.
Not long after I received a Clipper Mail advertisement. In it, I noticed information on Heaven City. I noticed that it was voted #1 most romantic. As I looked it up online, I also noticed several other accolades as well a rich history of the building. This was all I needed. I called to book our reservation!
I can tell you the experience certainly lived up to the hype. The atmosphere was wonderful, the staff couldn’t have been nicer, and the food was first class. My wife and I had an amazing time, and if we had to pick any one thing to note as the “best”, we simply couldn’t pick just one.
My experience left me with two things that I know for certain that I would like to share with all of you: 1) If this restaurant were located in downtown Milwaukee, or even downtown Waukesha, just about everyone would know it by name and 2) The people that live in or near Mukwonago truly have a gem of a restaurant in their own back yard and should consider themselves very fortunate to have such a great place to dine right in their own backyard. For those of you that don’t live in or around Mukwonago, it is well worth the drive!
Learn more about heaven city restaurant by visiting www.heavencity.com
Brian A. Peters, M.B.A., M.S.A.
Shorewest Realtors
Brian.Shorewest.com
“Foods, friends, & life…prepare to be spoiled!”
-Chef Jimmy Wade
Posted by: Brian Peters
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November 05, 2010 at 04:06 PM
(An excerpt from the novel, Pay it Forward by Catherine Ryan Hyde)
Are you willing to Pay it Forward? Click here to find out more.
Posted by: 
Pete O’Connor
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September 28, 2010 at 12:00 AM
Recession, Depression, Housing Bubble Bust, Foreclosures, and Short-sales. I can hear it now, somewhere Dr. Evil’s sinister plot to wreck the United States’ economy is underway. But, can American ingenuity beat Dr. Evil? Without a doubt it can. See, the way I figure it, is that if Dr. Evil can try and hold the world hostage for onemilliontrillionbilliondollars, and eventually have a water filled pit with Sharks with lasers attached to their heads, then can’t we figure out a way to help ourselves? The answer, by the way is a resounding “YES”! To quote some other cartoon character, “Yes we can,” and here’s how.
First, in the spirit of Dr. Evil whose wealth building opportunities were executed by his nefarious “Number 2”, he invested in the United States. Albeit it was courtesy of lattes and mochas (sorry Starbucks), we have the same opportunity, but it rests within the heart of America. That opportunity is home ownership. Never, ever has their been a better time to purchase a home (or condo) than right now. Interest rates are at an all time low (just a couple of weeks ago, I closed a sale where the Buyer’s interest rate was.3.75%, and NO POINTS!!! Geez that’s about as cheap as money gets!
Second, with a large, large shadow inventory (those properties, whether they be distressed or not are not yet on the market for whatever reason; I tend to think of vacant foreclosed homes at this point) looming, some sellers, including banks may be willing to listen to your offers. The pundits continue to discuss the fact that home prices may fall further in 2011, but let me tell you as a front line, bag toting Realtor, that may not be so. I’m beginning to see more and more sellers lose patience with the market and rent out their homes, refinance and stay, or put some money into their homes and really dress them up. Aside of distressed properties, the “traditional” home sale inventory seems to appear that it may be heading in the opposite direction and actually may be shrinking rather than growing. Buy your home now, don’t wait. This is about as low as it’s going to get if you’re in the market for a non-distressed home!
Third, over time, the home you buy now (which by the way, I heard somewhere that home prices today are around where they were in 1996) will build value (and will do so with cheap money–low interest rates I mean). We all know that the real estate markets have ups and downs, and right now we’re down. Guess where we’re headed next………? Correct, the answer is up! Don’t be sitting on the sidelines a year or two from now wishing that you’d bought your home for $10K or $15K less. The ride on the upswing is pretty fun, don’t miss it.
If you’d like more information on home selling or home buying, please feel free to contact me at your convenience. I can be reached at: Office: 262-694-2141, Mobile: 608-770-4568, e-mail me at: . Or visit my web site at: www.peteoconnor.com.
Posted by: Pete O’Connor
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April 30, 2010 at 04:43 PM
As I mentioned on my other blog, the homebuyer tax credit expires today. Although the tax credit is over, i’m confident that homes will still sell. Click here to read my original post. If you have any questions, give me a call at 262-694-2141, 608-770-4568, or 262-320-SOLD (7653), or email me at: soconnor@shorewest.com.
Posted by:Pete O’Connor
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February 10, 2010 at 08:21 PM
Effective March 1, 2010 the Wheda loan program will be available for first time home buyers in Wisconsin. Some facts about the new program are:
You must be a first time home buyer
The loan will be a 30 year fixed rate loan
The loan will have a 45 day rate lock
The loans are available for existing single family and 2 family homes over 5 years old
The maximum LTV:
- To 97% minimum credit score 660
- Over 97% minimum credit score 680
The maximum debt ratio is 45%
Minimum borrower contribution $1000. 3% borrower funds for 2 unit properties
Home Buyer Education is required
No Mortgage Insurance
Posted by:
Barbara Bednarski
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January 04, 2010 at 04:14 PM
Should I or shouldn’t I move? Often this question comes up with those potential home buyers and home sellers that are sitting on the fence directly after the start of the New Year. “What’s the right choice?”, “Am I making a mistake?”, “Will I be able to afford this home?” In each and every instance these are normal questions to ask, and of course all the pros and cons need to be evaluated. Certainly in these unsteady financial times a mistake could prove to be costly.
However, if you happen to be one of those people that are sitting on the fence, there is no better time than now to purchase a home. Whether you’re a move up home buyer and qualify for the $6,500, or a first time home buyer and qualify for the $8,000 tax credit these most assuredly are enticing. As a seller, if you over price your home you’re more likely to lose money and the sting of selling your home may be a bit more abrasive that if you’d priced it accordingly. See, even though we homeowners always think our home is worth a little more than it really is (me included), there is the reality check of the Buyer and Appraiser both.
In this market, the wise thing to do is to price your home just below market value. Insert long pause here….. I can understand the skepticism that follows those words above, but consider this. When you and the rest of the world are shopping for a specific item and it’s got a great price on it what’s the natural reaction of the shopper? Demand, correct?
In this instance pricing (as well as all the other components of selling a home) is key. This strategy is more likely to net you multiple buyers, and multiple offers on your home! Positively the best of all scenarios as you’ll more than likely have multiple offers from which to choose and multiple buyers trying to get your home.
So, take this New Year and be the master of your destiny and don’t be afraid of selling your home, especially when the government will compensate you. Remember, that both of these tax credits have expiration dates on them so act now! If you’d like more information on how these programs work, of if you’d like to see what your home is worth, please feel free to contact me at your convenience. I can be reached at 262-694-2141, 608-770-4568, or 262-320-SOLD (7653). Or, email me at: soconnor@shorewest.com.
Posted by:Pete O’Connor
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December 07, 2009 at 05:35 PM
This holiday shopping season is expected to be a brisk one! Not because its cold outside and there’s white stuff on the ground, but because there are values to be had for the savvy shopper. Specifically, the first time home buyers, and the move-up home buyers! With the Federal Government providing a $8000 and $6500 incentive respectively, now is the time to buy a home! That however is somewhat old news; most everyone is aware of the tax credit, but what may not necessarily be flashing in neon lights are some things that can affect the home buyer’s ability to purchase a home. Primarily, I’m thinking of the overall economic state of the union and interest rates.
With all time low interest rates, it doesn’t get any cheaper to borrow money than now. Rates in some areas are hovering around 4.5 to 4.875 percent. From the rumblings I’m hearing, it sounds as if after the first of the year rates are expected to go up, and maybe by a full point. But the question remains… “Why are interest rates going up?” One of the key factors affecting interest rates is the bond market. When bond rates go down, interest rates go up. Rumblings that I’m hearing from folks are that bond rates are going down after the first of the year.
On a final note, a few other issues that the potential home buyer should consider are two things. First, when taking advantage of this home shopping season, be sure that you ask for a home warranty in your offer to purchase, and also, something new called “Job Loss Protection”. Job Loss is a great tool and is just that. Who wants to buy a home and then unexpectedly get a pink slip. I’ll blog more about Job Loss Protection tomorrow.
In the mean time, check out some great homes by clicking here. Or view streaming digital video of more great homes by clicking here.
If you have any home buying or home selling questions, please don’t hesitate to give me a call or shoot me an e-mail, I’m always happy to help! 262-694-2141, 262-320-SOLD (7653), or my mobile phone: 608-770-4568. Email me at: soconnor@shorewest.com, or visit me on the web at www.peteoconnor.com. Happy shopping!
Posted by:Pete O’Connor
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November 30, 2009 at 05:01 PM
This year has seen an unprecedented number of foreclosures and short-sales that are available for sale. The housing market is flooded with both of these homes available for sale, and this year, I’ve had many, many buyers interested in these types of homes. Specifically, some of my buyers this year seemed to zero in on foreclosures, namely due to the advertised sale price.
Foreclosures can be a good deal, but they aren’t necessarily for the faint of heart. Most times these homes need a great deal of work just in order to become habitable. One home in particular that I was in earlier this year with my buyer ranked as the number one, most awful home I had ever been in. Seriously, on a scale of 1 to 10 with 10 being the worst possible ever home I’d seen, this one was a 12! When we walked into the home the first thing that caught our attention with full measure was the distinct and very pungent smell of cat urine. This was not just a little smell, but a “punch you in the nose squarely between the eyes” smell. From what we could gather the foreclosed owner had about six or seven cats and they did their business where they saw fit. The second thing that caught our attention (after gagging badly) was that the owners had left, period. They took nothing with them, the house was an absolute wreck, and it looked as if a tornado had gone through the house entirely. Open, moldy food and trash as well as personal possessions were scattered to and fro. It gets worse… the basement had obviously had a water issue and that in turn brought mold. Lastly, the foreclosed home owner, during better days obviously was an avid fan of HGTV, and attempted many, many home projects, none that appeared to be in good quality.
Remember, if the homeowner didn’t have the money to make the house payments, what makes a person think that that quality would be a consideration in their home improvement projects? Or, equally as important take care of the routine maintenance items that a home requires on a daily basis?
So, with buyers in tow we toured the home holding our noses and wading through, in some instances calf deep trash. The buyer was obviously oblivious to costs involved in turning this “good deal” into a habitable home for her and her children. Consider that while the above grade structure was in decent shape, the roof and studs, just a few of the obvious costs involved to get this home ship shape would be:
- Get a dumpster to get the trash out of the house
- Hire a cleaning crew or seriously sweet talk friends and family members for help
- New carpet and flooring throughout the home
- Replace sub floor and some drywall in areas due to the cat urine soaked areas
- Appliances, all of them were needed
- Mold removal and remediation in the basement
- Replacing mechanicals in the basement damaged by flooding and neglect
- Un-doing some of the previous owner’s “HGTV projects”
Remember, these are just a few of the easy costs to target. Nevertheless, in an easy guesstimate of what it would cost just to make the home livable, in this instance my guess would be a cool $45,000 and that’s being liberal too.
While most foreclosures may not be in this poor condition, what’s amazing are those buyers that will still entertain the thought of purchasing them, because they’re “a good deal”. When determining value, make sure that you consider all the costs involved in the rehabilitation process of the home. There are underlying costs that should be considered. Don’t get me wrong, I’m not saying that all foreclosures are a bad deal, but make sure that common sense is applied. For a complete list of foreclosures and short-sales available in your area give me a call or drop me an e-mail. I can be reached at 262-694-2141, 608-770-4568, or 262-320-SOLD, or at soconnor@shorewest.com. On the web, visit me at www.peteoconnor.com. So, for now, happy shopping and Caveat emptor!
Posted by:Pete O’Connor
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November 25, 2009 at 04:10 PM
Just a very small sampling of what’s available in Kenosha, Wisconsin is this beautiful, turn-key, ready to move into two bedroom, one bath home. Neatly situated in Kenosha and close to brand new schools and brand new shopping centers, this home boasts a full basement, fenced in back yard and a shed too. The price, a cool $79,900! Believe it or not.
More, and more, home prices are more affordable than ever for the first time, or move-up home buyer! Just think, buy a home and get up to $8000 (for the first-time home buyer, or $6,500 for the move-up home buyer). Where else can you get that kind of a deal? Sure, there are deals and everyone appears to be out to make a quick dollar, but through the ages real estate has, and always will be the single most stable investment for wealth building.
Just like any other investment, real estate has its ups and downs, but there has never, ever been a better time to buy, or invest in real estate as there is now. Whether you’re looking to purchase a home for your self, or buy land for building your dream home in the future, or looking to build wealth through investment properties, NOW is the time. Don’t let this once in a lifetime, golden opportunity pass you by. If you’d like more information on these exceptional properties in all of Southeast Wisconsin, please don’t hesitate to call or e-mail me. I can be reached at 262-694-2141, or 608-770-4568, or Google Voice at 262-320-SOLD. Better yet, e-mail me at soconnor@shorewest.com.
Posted by:Pete O’Connor
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November 25, 2009 at 03:42 PM
If I’ve had a very hectic day my favorite “comfort” places are a book store, a yarn shop, or a library. Libraries have changed a lot over the years and offer more choices than ever before. I have fond childhood memories of going to the public library and the summer reading program where we placed a sticker on a chart for each book we read. As I think back about it, I must have driven my mother crazy taking to the library all the time. Another fond memory was the Bookmobile, which came to my neighborhood every Monday. You can imagine my excitement when the summer between my freshman and sophomore year in college I got a job at the library, and was the Assistant Bookmobile Librarian.
Ozaukee County communities can boast of wonderful libraries, each having a friendly and helpful staff. Also, books can be borrowed from any of the libraries involved in the Eastern Shores Library System. The Grafton library has some special activites and programs going on. Among these are:
Super Saturday Movie on Dec. 12, at 11 a.m. The movie will be “Snow Buddies”.
On Mon., Dec.7, at both 11 a.m. and 6 p.m. there will be a Family Story Time
The library offers a wonderful online research tool which presents information on current issues that are summarized from a variety of new sources. To access this database, click on “Issues and Controversies” found on the homepage at www.grafton.lib.wi.us. The user name is graftonpl and the password is facts.
Due to a state grant the library system now has a database called Learning Express. It features over 800 online courses; sample tests, such as SAT and GED; plus a variety of occupational exams. A resume building course provides a template for creating your resume. Learning Express keeps track of your sample scores and gives you immediate feedback on right and wrong answers. To access go to the Grafton Library homepage and click the Learning Express link.
New magazines available at the Grafton library are Shop Smart, Scrapbook, Dwell, Wired, and Bead Style.
All of these things are there for you and your family to enjoy at no cost.
Posted by:Barbara Bednarski
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November 24, 2009 at 10:15 PM
Earlier this year at one of our weekly Tuesday sales meetings, my office was visited by a representative of Brookstone Homes who was introducing an almost unbelievable concept;
brand new spacious homes starting at $154,900. These homes, located in the Grandview Meadows subdivision located at 39th Avenue, and 42nd Street are very well built and very affordable homes. More than just a starter home, these homes come in ranch and two story homes. Featuring two car attached garages, full basements, which by the way are stubbed for a third bath, three and possibly four bedroom, two bath homes are turn key and ready to go.
Giving the Buyer a choice of amenities, the builder presently has four models ready to go…err, three models ready to go, I’ve got one of them sold to my clients. Not only is the builder putting good quality into these homes giving the buyer a good value, but also includes some nice extras such as full basements, and in the case of my Buyer a basement that is already stubbed for a full bath. That is indeed a nice value in and of itself. Most of these homes come with seeded lawns; however, Brookstone Homes went an extra step further for my clients and made sure that they were getting a sodded yard! In any case, don’t hesitate to check out these homes in this new subdivision. When you’re ready, give me a call (262-694-2141, or 262-320-SOLD) and I’ll be happy to help you get that home.
Posted by:Pete O’Connor
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November 20, 2009 at 08:39 PM
Instead of the stockings being hung by the chimney with care, we have strung all the buildings with thousands of lights.
It is gorgeous out. The weather is warm and beautiful. Sorry deer hunters, but this weather is really nice. I’m at Studio 6 right now and it’s so festive. I had to bring in some fiber arts projects I had completed and almost wish it weren’t so sunny out so the lights inside could shine.
In a previous post I told you about the activities going on in Cedarburg this weekend. If you missed it, you can go back and read the post. One of the great benefits of living here is it is just a walk down the street to enter the enchanted world the holidays bring. It is so beautiful when there is snow on the ground, but…. Yes, we are happy with what we have.
Bring the family to downtown Cedarburg for free entertainment and music; and start to get in the spirit of the holidays.
Posted by:Barbara Bednarski
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November 20, 2009 at 04:07 PM
With all the holiday season in full swing, many of us are touched by the spirit of giving and helping our fellow man. Thanksgiving and Christmas are wonderful times of year to do just that, and all of us get a great deal of satisfaction from helping. What a joyous time of year.
However, let us not forget that November and December quickly fade into January and February. The holidays are over, the bills are coming due, it’s winter, the skies appear cloudy and it’s also cold outside! Where have the good feelings gone?
This November 2009, Shorewest Realtors, Kenosha has started an initiative dubbed “Pay it Forward 2010”. See, in the spirit of giving and caring for our community all year long, Shorewest Kenosha has taken the challenge forward to feed a family a week for all 2010; 52 weeks, 52 families! We all know that it’s easy to give in the good times and when the festive, holiday spirit is in the air, but what about in late February, early May, mid-August, or… the holiday season again? All too often we get caught up in our busy lives throughout the year, and, well, there’s nothing wrong with that, but let’s not forget our fellow man who struggles throughout the year, during the rut of the year, just to put food on the table.
We’ve already collected enough food at Shorewest Realtors, 5708 75th Street, Kenosha, WI to carry us through the first thirteen weeks (13 families) of 2010. If you’d like to help us meet our challenge to pay it forward, please contact me, Pete O’Connor, Shorewest Realtors at 262-694-2141, or 608-770-4568.
Posted by:Pete O’Connor
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November 20, 2009 at 03:29 PM · Posted under Area Attractions & Events
If you missed the welcoming in of the holiday season in Cedarburg last Friday, the second Festive Friday will be held Friday, Nov. 27 from 5-9 p.m. The theme for this Friday’s celebration is “Home for the Holidays”.
Activities will be taking place at the Cedar Creek Settlement and at the local shops in downtown Cedarburg. Some of these activities include “Make It and Take It” holiday projects; holiday appetizers; demonstrations and tastings with Patty Ehlers Peterson from Larry’s Market; live jazz and holiday tunes with the Vic Cristo Duo; complimentary cider, cookies, and wine tasting; luminarias; and more.
Hope you enjoy yourself visiting my city.
Posted by:Barbara Bednarski
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November 19, 2009 at 04:05 PM
Without a doubt, this is the best time ever to buy a home. Interest rates are lower than they’ve ever been, and home prices are at record lows. Far and away this is how savvy buyers build wealth. For too long most Americans have over-borrowed and over-spent. This coupled with job losses, medical problems, divorce, etc., have led us to where we are today. However, not all is lost. You see, one of the best kept secrets to building personal wealth in today’s market in real estate is… Short Sales!
A short sale is when a the owner of a property owes more on a home than what it’s really worth, and usually is in default. With that in mind, you as the buyer are in a prime position to get a home that is an outstanding deal. For example, a home that just a year ago would have easily sold in the $300K’s, is now for sale for roughly $259K. This is an outstanding deal, as this home has been well kept, newer, very large, almost 3300 square feet, four bedrooms, two baths, three car garage… you get the drift.
Where’s the wealth building part of it you may ask? See, market value is determined when both buyer and seller agree on a price of something. In this case that something is a house. AT THIS TIME, there is no better place to put your money than in real estate. As the economy continues to rebound, and it always will, the house that just a year ago was valued in the $300K’s, and is now selling in the mid $250K’s… That’s a no brainer! Where else (other than your job) can a person get that much equity that quickly? All this being said, use common sense. Seek out a professional that knows the market well, and can guide you seamlessly through the short sale process as a Buyer. I would recommend that buyers seek out only those real estate agents that are certified as an Accredited Buyer’s Representative (ABR), as these agents have achieved a level of competency that many other agents have not yet achieved. These agents know the in’s and out’s and intricacies of the home buying process like the back of your hand. Additionally, and there’s not a lot of these out there, but when you can, also seek out agents that are intimately familiar with the short-sale process, for example, those agents that hold the Certified Short-Sale Professional (CSP) designation. Not only do they know the buyer side of the transaction, but know the seller’s side of the transaction in great detail.
For more information on short-sales, (or foreclosures), please don’t hesitate to contact me, as I specialize in both of these areas, and by the way, yes, I am an Accredited Buyer Representative (ABR), and also a Certified Short-Sale Professional (CSP). There you go, happy shopping and remember you’re building wealth!
Posted by:Pete O’Connor
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November 18, 2009 at 09:11 PM · Posted under Area Attractions & Events
With the mild temperatures we are having it’s hard to believe the holidays are quickly approaching. Not in the festive spirit yet—come to Cedarburg this Friday and Saturday for Cedarburg’s Holiday Open House. The community open house will be held Friday, Nov. 20 from 5-9 p.m. and Saturday, Nov.21 from 10-6 p.m. in downtown Cedarburg. Also, Friday night is the first of five Festive Fridays to be held in Cedarburg. The theme for this Friday is “Traditions in the Highlands”.
The local merchants are ready for you to stop by their shops. They are offering you free gifts and make & takes; artist signings and demonstrations; in store customer appreciation specials, treats, refreshments; and more to kick off your holiday season.
New this year is a Grand Prize Drawing, a collection of Cedarburg gift certificates from many of the Cedarburg merchants. All you have to do is fill out an entry blank at any participating merchant during the Holiday Open House. The participating merchants will have Christmas stockings on their windows. Cedar Creek Winery will have their Christmas Blush & White wine packaged with their own Christmas label available.
I am fortunate enough to be part of one of the downtown shops, Studio 6. There are 8 of us that have the shop and we make everything we sell in the shop. I am the fiber artist and invite all of you to stop in and sign up for the Grand Prize Drawing.
Posted by:Barbara Bednarski
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September 25, 2009 at 04:16 PM
Is it really a buyer’s market? I don’t think so. I mean, all the signs, technical and logical, point to a buyer’s market. The indicators are there. Inventory is up, supply outweighs demand, but does it really? Buyers now have an overwhelming amount of choices and decisions to make. The fear of making a bad decision has them making no decision at all. Homes that are “no-brainer’s” are flying off the shelves at a record pace.
So what makes a home a “no-brainer”? It’s simple. A home that has very few or no objections. Buyers are not coming through a house to buy that house. They are coming through a house to merely check it off their list. If you have put up with, say, having to walk through a bedroom to get to the only bathroom in the house, that doesn’t mean a new buyer is just going to overlook it.
Homes that leave no room for protest are gone, often before they even come on the market. And if you don’t think that’s going on, I personally know of at least 2 homes in just the last week that have sold without even being listed on the open market. Really.
My fellow agents and I are constantly making calls to neighborhoods where a buyer lost out or where the buyer wants to be, because they are not finding what they want on the market. Most homeowners find this hard to believe- I wish they could follow some of us around for a day. Many of my seller clients do get to see first hand what buyers are looking at in addition to their house. It’s the easiest way for me to show my clients how important it is to be one of the best, if not the best home out there.
Ask any buyer who has had to compete for a house in the last 6 months how they like this buyer’s market! They’ll probably look at you like you’re crazy. Between overpriced homes with unrealistic sellers, foreclosures, short sales, fixer-uppers and markets that are still declining somewhat, this buyer’s market is taking it’s toll on potential homeowners! Call it a buyer’s market if you want, after all, it IS a great time to buy. Great rates, tax credit, low prices, it’s all good. Just remember, everybody wants the best house, for the best price, right away. If you want it, be prepared to get serious and put your best foot forward.
Posted by:
Lisa Tremaine
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September 04, 2009 at 07:16 PM
Sometimes when I’m helping my clients, particularly buyers, I can’t help but wonder if they are really ready to buy a home. Are they only buying because of the tax credit that’s being offered? Are they buying to fix and then tango with making a buck selling later?
When did buying a house become an investment in anything other than your happiness? I have to say, I do come across many buyers who are buying for just that. To make an improvement in their life. The differences between the two kinds of buyers, as well as the experience each has, is like night and day. One is careful, thoughtful and celebratory, while the other is tense, hesitant, and lacks any sort of resolve or finale.
Are you ready to be the kind of buyer you want to be?
I recently read this article that I thought summed it up quite nicely.
“I think I could write a successful blog just on what I read in the Chicago Tribune each day. Why I even read the Tribune is a quandary to me, given that the paper reads more like the Huffington Post these days. From time to time I enjoy real estate writer Mary Umberger, although I think she’s a little pessimistic on the market, and do think she ignores the real reasons that people buy houses for. And she ignores me when I write to her with article ideas.” To read more, click here.
Posted by:Lisa Tremaine
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July 30, 2009 at 02:53 PM
Buying a house today can be a simple and easy process, even for a first time home buyer. It’s as simple as choosing to work with a Realtor® as your buyer’s agent! How else are you going to get the information you need to make one of the biggest purchases of your life?
First, it’s not out of the ordinary to interview a couple of agents. Arrange a meeting with one to talk about what you’re looking for and to find out how that agent works. They’ll explain the process to you and go over any concerns that you have. Being comfortable with your agent will make your purchase a much more enjoyable experience.
Second, when you start looking at homes, your buyer’s agent can point out adverse facts to you that you may not have considered otherwise. Things like future resale value, furniture placement in a vacant house, or how in the world you’re going to paint that 16 foot wall over the stairway! But most important, your buyer’s agent can help you negotiate the best deal possible for you!
Did you know that if your agent isn’t working for you as a buyer’s agent, they have to work in the best interest of the seller? How is that helping you? Doesn’t the seller already have an agent working for them? You bet!
Take advantage of the services your agent offers to help you. After all, it doesn’t cost a buyer anything! The only thing your agent will ask in return is that you work with them exclusively. Happy house hunting, and I’m always open for an interview!
Posted by:Lisa Tremaine
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July 15, 2009 at 05:07 PM
Wow, homes are really moving! You can see here that the first time home buyers are starting to heat up the market. One reason we’re seeing so much traffic in these price ranges is the first time buyer tax credit.
Click graph below for full size
Buyers have to be in their house by the end of November in order to take advantage of the credit. And what better time to buy? The interest rates are low and prices are affordable. Call me to see any home out there!
Posted by:Lisa Tremaine
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July 06, 2009 at 08:02 PM
For those of you who are still on the fence when it comes to buying a house this year, time is ticking away! The $8,000 tax credit for first time buyers is only good if the buyer is in their new home by November 30th. That means you have roughly 100 days left to find the house and write the offer! Remember, once you get an offer accepted it will take at least 30 days to get it to a closing. Lately it’s taking closer to 45 days, and that’s if nothing comes up in the meantime to delay things further. If you haven’t written on something by the middle of October, there’s a good chance the $8,000 tax credit could pass you by! Interest rates are still great, prices are down, and there is good inventory out there. But it’s going fast. Get in touch with me today for help finding your new home, ltremaine@shorewest.com. What are you waiting for?
Posted by:Lisa Tremaine
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May 28, 2009 at 05:58 PM
Everyone wants a deal, especially when it comes to making one of the biggest purchases most people make. Now is the time to get it! There are more first time buyers out there flooding the market now than we’ve seen in several years. On top of that, there are more move up buyers out there wanting to take advantage of great opportunities.
As a seller, you need to take a good hard look at what your competition is. What you see might not be your dream come true, but it is truthful, and to get ahead in today’s market, you not only need to be competitive, you have to win! Picture the price of your home hanging in the air. Knowing that prices have been falling, how are you going to catch them if you’re above them? No matter how hard you try, you can’t catch something that’s falling unless you get your hand just under it. That’s where your price needs to be to win the buyer, and you will get a full price offer if you can show them you’re the best house for the money.
Kitchens and baths remain the key areas to spend money on upgrades, but don’t overdo it. Make sure the updates still fit the style of the home and are functional. Remember that if it’s something a house should have, like a roof that doesn’t leak, or a furnace that works properly, it’s not necessarily an upgrade that you will get your money back on, other than saving you money on energy costs. Updates will, however, allow a buyer to give your house more consideration than one without updates. With all the inventory on the market now, giving the buyer less to worry about could be priceless.
There are plenty of incentives to buy and sell now. Great interest rates, the ability to make up a loss in a move up, and some terrific investment opportunities are just a few of the reasons we’re seeing multiple offer situations more and more. Add in the first time buyer tax credit and prices that haven’t been this low since 2004 and it’s easy to see why! Buyers and sellers who are on top of things are accomplishing their real estate goals faster than you can blink. Are you ready to jump into the game? Give me a call at 262-719-9649, or email me at ltremaine@shorewest.com!
Posted by:Lisa Tremaine
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May 11, 2009 at 08:26 PM
Boy, what a day I had on Saturday! Maybe everyone was trying to fit everything in on Saturday in order to enjoy Mother's Day, but it sure made for a lot of great work for me! Imagine, 7 appointments in one day!
Don't let anyone tell you the market is slow. I started my day at 8:00 a.m., and did not stop until 7:00 p.m., showing homes, meeting with sellers, meeting new buyers, and putting about 200 new miles on my car. One new buyer I met with already wrote an offer on a terrific house we saw on the west side of Oconomowoc!
Buyer traffic is up! Way up! If you've been thinking about selling, now is the time if you want to capture the audience that can't wait to buy a house. After writing 3 offers all weekend myself, I can only imagine what other Realtors were busy doing with their clients over the weekend. If you're looking to get into the market, give me a call at 262-719-9649!
Posted by:
Lisa Tremaine
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April 20, 2009 at 08:51 PM
Oconomowoc is such a terrific blend of lifestyles! I am blessed to be able to live and work all in one community and really take in all that it has to offer. My drive to work everyday is just a few short miles, and yet it’s like traveling between two different worlds. I live in the country, surrounded by farmland and beautiful views of rolling hills and pastures.
Oconomowoc has a rich history in farming, with many farms being operated by the same family for numerous generations. It’s great to be able to stroll down the road with a fishing pole and wile away a lazy summer afternoon. You’re bound to catch some of the local wildlife up close, or at the very least, enjoy the hum of the dragonflies while baiting your hook!
When we feel like getting out on the town, we can be there in just 5 minutes. There you are surrounded by small town charm and a lake always nearby! Historical homes and buildings make for interesting converstion while on a walk around one of the lakes. Pedestrian friendly Oconomowoc offers many parks and walking trails, several beaches, quaint shops and restaurants. The city also has a flair for the arts, offering free concerts in summer, gallery night and art festivals, as well as performances in the new Oconomowoc Arts Center and at Theatre On Main.
Plus we’re tucked right in between Milwaukee and Madison, so in less than an hour you can be in either of the two larger cities!
It’s a wonderful place to call home. People have been flocking here for decades to enjoy the lifestyle that the lake country brings. Whether you’re looking for a quiet night of star gazing, dining on the lakefront, or taking in some live music, you’re sure to find it here!
Posted By:
Lisa Tremaine
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April 16, 2009 at 03:52 PM
Sara Belle Boutique is a children’s store located in downtown Hartford.
Sara Belle has been opened for 2 1/2 years and is now liquidating. Sara Belle is currently offering 40% off. Please stop in and say farewell.
Sara Belle was truly a great addition to the Hartford area and will truly be missed.
Thanks for the memories Sara Belle.
Posted By:
Sara Schneider
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April 16, 2009 at 03:48 PM
Slinger is a great town that offers small town living with easy access to the city. Slinger has a population of just over 4200 with great schools and parks.
Slinger is known for the Slinger Speedway which is opened from May through September. Slingerfest is a great festival for all that is usually in June and Spooky Slinger is a great gathering every year on Halloween. Slinger also has baseball leagues running all summer for adults and children as young as 4. The village Park and Rec center has many other programs available to residents and non-residents. Everything from kick-ball and sand volleyball to dance and yoga. There are also cooking classes, babysitting coarse, financial planning classes and scrapbooking. The list goes on and on.
On the sweeter side of things Sweet Creations is a great bakery in town and Jims Place is downtown with Pizza, chicken and enormous ice cream cones.
Slinger is truly a community with much to offer.
For Homes for sale in Slinger go to sara.shorewest.com.
Posted By:
Sara Schneider
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April 16, 2009 at 03:41 PM
When searching for a home, school districts tend to be an important search criteria for many home buyers. There are many different online sources to help you grade the area schools.
www.GreatSchools.net is a site that can give you many stats on the school district you are searching. I found that Slinger School District scored a 10/10 from this site.
Slinger has a median household income of $55,114 and a Median Home Price of $247,410.
The site will also give you information on spending per student, student ethnicity, ACT results and WKCE-CRT results. This site also posts where the school landed on the testing according to the rest of the state.
This site is a great tool when relocating to the area and when deciding what school district you want to live in.
For listing of homes for sale in Slinger go to sara.shorewest.com.
Posted By:
Sara Schneider
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April 16, 2009 at 03:36 PM
Many buyers today don’t realize there’s more than meets the eye when it comes to buying a home. There are many pieces of the puzzle that all need to fit together in order for the transaction to be successful. Having a real estate consultant coordinate your transaction will help ensure a smooth one.
Choosing an agent to help you can be challenging. It’s important to choose someone that is knowledgeable about the market you’re looking to buy in, and they should also be able to talk with you about their negotiation strategy. Most importantly, you should be able to relate to them well.
After all, buying a home is one of the biggest decisions most people make and you’ll be sharing a lot of information with your agent.
The most common decisions that need to be made at the “offer table” include the following:
- What price are you going to offer?
- What are you going to offer for earnest money?
- When are we going to close?
- What kind of financing are we going to use?
- What kind of testing and inspections are we going to have?
There are many other smaller decisions to be made as well, both in the offer and following inspections, and they all play an intricately important part. Finally, once you have negotiated an accepted offer, you have to start working on putting your puzzle together. Coordinating everything in the offer to purchase in the time frame allotted and communicating with all the players is where your agent earns their commission. Down to the last detail, they’re there to help you through from starting your home search to the closing table and beyond. If you have any further questions about what to expect when purchasing a home, please get in touch with me at 262-719-9649, or ltremaine@shorewest.com.
Posted By:
Lisa Tremaine
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April 13, 2009 at 02:24 PM
In this market you may be thinking that now is not the time to sell. However, now could be the perfect time to sell.
If you are thinking about buying up and need more space now is the time!
You may have lost some of the equity you have in your home, but so has the everybody else. If your home has gone down 10% in value, so had the higher prices home. So if your home was worth $250,000 and now you can get $225,000, the home you may want that was once at $350,000 is now priced at $315,000. That means that you may lose $25,000 but the larger home has lost $35,000 which is a difference of $15,000. Your at the advantage of getting much more home for the money.
So now IS the time to sell….if your buying up!
For a free Market Analysis of your home contact me at saraschneider@shorewest.com or visit my website at sara.shorewest.com.
Posted By:
Sara Schneider
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April 13, 2009 at 02:07 PM
Now that Spring is here and the weather is nicer I’m always drawn to the area parks. The village of Slinger has a few different parks. The community park is located downtown and has the softball field, basketball courts, playgroud equipment, batting cages and restrooms in the large pavilion. This park is the most used in the town. Most days you drive by and there is something happening there, from Slingerfest and Spooky Slinger in Fall to the ball games all summer long.
The Fireman’s Annex Beach is the newest park in Slinger. It has a sand beach and swimming area with a small turtle slide and flowing raindrop and a diving area. There are bathrooms and a pavilion with small snacks and drinks available.
There is a fee of $2.00 for village residents and $4.00 for non-village residents (3 and under are free). It’s a great addition to Slinger. You can pack a lunch and spend the day enjoying the sun.
To search homes for sale go to sara.shorewest.com.
Posted By:
Sara Schneider
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April 07, 2009 at 08:31 PM
When searching for properties in Southern Wisconsin, you may be astounded by the region’s variety of unique communities and diverse atmospheres. Whether you are a young professional that thrives in urban frenzy, or a growing family that craves open space and the serenity of the countryside, Southern Wisconsin has the perfect home environment for you. The region’s largest residential areas include the casual, All-American city of Milwaukee and the energetic state capital of Madison, as well as the lakeside communities of Racine and Kenosha, and the beautiful tree and park-abundant city of Janesville just 12 miles north of the Wisconsin-Illinois state line. In and around these areas, Southern Wisconsin home buyers have an incredibly wide selection of housing options, and can find their dream home in lakeside resorts, waterfront condominiums, brand new townhouse developments, golf course communities, master planned communities, and well-preserved historic districts.
Furthermore, Southern Wisconsin boasts dozens of quaint Midwestern towns and villages where “Main Street” is the place to be and carefree is the way of life. Places such as Elkhorn, Waterford, Evansville, and Fort Atkinson possess friendly, tight-knit communities, excellent schooling with a smaller child-teacher ratio, thriving downtown districts, and plenty of green space for recreation. With their unique attractions—one-of-a-kind shops and restaurants, historic sites, galleries and museums—each of these communities is a gem waiting to be discovered.
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April 07, 2009 at 08:17 PM
…To make a sale? You guessed it- one. Believe it or not, I am working with several buyers who are running into the frustrations of competing offers.
On average, about 40% of the homes they would like to see in the Lake Country area already have accepted offers! Yes, in today’s market. That’s because many buyer’s think alike. Who doesn’t want the house with good sized rooms, nice yard, clean and dry basement, and some updates? Oh, and at the best price!
Did you know that Shorewest.com averages between 10,000 and 12,000 unique visitors every day? A unique visitor is just that, unique. If I go on the website 3 times in one day, I’m still counted as one unique visitor. Each visitor looks at an average of 30 homes! Let’s say that 10% of 10,000 people are looking in each $100,000 increment. If you’re looking between $100,000 and $200,000 you are one of 1,000 people looking for the best home in that price range.
To the seller’s out there, there are 3 things that can be controlled.
- Price 2.Condition 3.Availability. When you pay attention to all 3 things and they’re realistic for the market they’re in, the buyer’s will come in droves. Most of them have been looking for a long time and have seen a number of houses. They know a good value when they see one, and are ready to jump on it.
Posted By:
Lisa Tremaine
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