Monday, March 31, 2008

Why You Should Work With a REALTOR®



Why use a REALTOR®?


REALTORS®:
-are experts on real estate
-are hired by 9 out of 10 buyers.
-are pros at bringing transactions together.
-have strict education requirements.
-have leads.
-have current market data
-ensure real estate forms are accurate.
-help price your home and determine your buying power.
-handle sales calls and follow-up.
-arrange advertising and host open houses.
-are experienced negotiators.
-can handle closing issues.
-abide by a strict Code of Ethics.
-use their money to market your home.
-network with others REALTORS®.

Friday, March 28, 2008

5 Things to Know About Title Insurance

Title insurance protects the holder from any losses sustained from defects in the title. It’s required by most mortgage lenders. Here are five other things you should know about title insurance.

1. It protects your ownership right to your home, both from fraudulent claims against your ownership and from mistakes made in earlier sales, such as mistake in the spelling of a person’s name or an inaccurate description of the property.
2. It’s a one-time cost usually based on the price of the property.
3. It’s usually paid for by the sellers, although this can vary depending on your state and local customs.
4. There are both lender title policies, which protect the lender, and owner title policies, which protect you. The lender will probably require a lender policy.
5. Discounts on premiums are sometimes available if the home has been bought within only a few years since not as much work is required to check the title. Ask the title company if this discount is available.

Your Costs When Buying or Selling

Seller Closing Costs
-Title Insurance Approximately $450 for a sale price of $150,000
-Administrative and/or Attorney Fees Usually less than $100
-Recording Fee Typically around $20
-Wisconsin Real Estate Transfer Fee .3% of sale price
-Commission Agreed upon percentage or flat amount paid to your agent
-Real Estate Taxes Prorated taxes for the number of days you owned the home this year

Buyer Closing Costs
You’ll likely be responsible for a variety of fees and expenses that you and the seller will have to pay at the time of closing. Your lender must provide a good-faith estimate of all settlement costs. The title company or other entity conducting the closing will tell you the required amount for:
-Down payment
-Loan origination
-Points, or loan discount fees, which you pay to receive a lower interest rate
-Home inspection
-Appraisal
-Credit report
-Private mortgage insurance premium
-Insurance escrow for homeowner’s insurance, if being paid as part of the mortgage
-Property tax escrow, if being paid as part of the mortgage. Lenders keep funds for taxes and insurance in escrow accounts as they are paid with the mortgage, then pay the insurance or taxes for you.
-Deed recording
-Title insurance policy premiums
-Land survey
-Notary fees
-Prorations for your share of costs, such as utility bills and property taxes

Wednesday, March 26, 2008

Business Opportunity of the Week


Business For Sale - 1915 S WEBSTER- Village of Allouez, WI $55,900
Business Type: Tanning


Comments: Established salon is the perfect little business to provide you with a nice income & you are the boss. Includes a client database, 6 beds.1 stand up,1 mega bed & a Thera Sauna. Located with high traffic.

Contact Kerry for more details

HOLY COW! House of the Week

Just sold in February - 7 Bedrooms, 8 Baths, 7,780 square feet - On Broadway, along the Fox River in E De Pere- $1,250,000

Tuesday, March 25, 2008

'Green' Home Tips from HGTV

One: Use Fluorescent Bulbs Replace conventional incandescent light bulbs with compact fluorescent light bulbs (CFLs). They cost a little more, but last up to 10 times longer, use two-thirds less energy and give off 70 percent less heat.

Two: Look for the Energy Star Label Energy Star-qualified refrigerators use about half as much energy as refrigerators made before 1993, and saving energy also cuts down on pollution. Look for Energy Star certification when shopping for other home appliances such as dishwashers, clothes washers, water heaters and many home electronics. Visit www.energystar.gov/ for more information about this program.

Three: Get Unplugged Many home electronics still consume energy even when they are turned off. Many devices with a "standby mode" will continue to use power, running up your electricity bill. Also, chargers and power adapters continue to draw power from the wall socket even if the device is not attached. Unplug these devices or use a power strip to turn off multiple units, when they aren’t being used to make sure that you aren’t wasting energy.

Four: Double-Up on Windows Replacing old single-pane windows with double pane-windows helps reduce heat loss in winter and heat gain in the summer. They can also help reduce noise pollution in your home.

Five: Turn Down the Thermostat Lowering you thermostat by just one degree can reduce costs by about four percent, so keeping the heat turned down just a little bit can reduce energy costs. Using a ceiling fan in the summer and the winter can also help with A/C and heating energy consumption.

Six: Sustainable Floors Cork flooring not only looks great, but it’s also natural insulator. So when you look into purchasing flooring, consider using bamboo, cork or another sustainable material. Not only will your new floors look fantastic, but they’ll also save you money in the end.

Seven: Earth-Friendly Decks A lot of deck material comes from tropical hardwoods. These woods look great and stand up to the elements for a very long time. But when choosing decking material, make sure you choose wood that has been harvested using sustainable methods. This helps the environment and preserves endangered rainforests.

Eight: Low-Flow Faucets Low-flow water fixtures such as showerheads, faucets and toilets reduce water consumption and water heating costs by as much as 50 percent.

Nine: Buy Renewable Energy Check with your local utility company and see if you can purchase renewable energy. Renewable, non-emitting sources such as wind, solar and hydroelectric power cut down on emissions, reduce volatile fuel prices and can save you money.

Ten: Recycle! After you replace all those inefficient, windows and fixtures, make sure you recycle all that metal and glass. Also, most household paper items, glass, aluminum cans and plastic can be recycled. By recycling half of your household waste, you can save 2,400 pounds of carbon dioxide annually. Find more information about programs in your area at www.recycle.com/.

Monday, March 24, 2008

This week's mortgage rates

The following are average 30-year fixed mortgage rates in our area for the week of 3/24/08.

Associated Bank - 5.93%
M & I Bank - 5.91%
North Shore Bank - 5.77%

Friday, March 21, 2008

Current Listings

[Click for Data Sheet]

2048 E Higgins Hill - New construction, Ledgeview

1224 Prairie Falcon Trl - Condo, Howard

319 W Lincoln Av - Little Chute

Thursday, March 20, 2008

Spring Cleaning - Make Your Home Look Great!

Today is the first day of Spring - the perfect time to declutter your living spaces. Follow my tips below to help prepare your home to sell.


Kerry’s Tips
1) Clear surfaces - Remove everything from kitchen & bathroom counters. Items left on surfaces distract buyers and make counter space look smaller. Put away or pack knick-knacks on other surfaces like bookshelves & dressers.


2)Clean closets -Start your packing with your closets. Keep out only the items you currently use. Donate or toss items you haven’t used in the past two years. Clean everything off the floor so that buyers can see all of the storage space. Nothing should fall out when the door is opened.

3)Remove furniture - Get rid of pieces of furniture that are too big, bulky, or distracting for the room - put them in storage for now. Remember, you’re selling your house, not your decor. You want the buyers to envision their furnishings in the home. Regroup the remaining pieces of furniture so that buyers will understand the purpose of each room, or how they will use it themselves.

4)De-personalize - Pack all of your photographs, even those in frames. Personal items can be very distracting to potential buyers and can prevent them from seeing themselves living in your home. Also, take everything off of the refrigerator and pack things with names, family information, or souvenirs.

5)Organize kitchen - Serious buyers WILL look in your cabinets, pantry, & refrigerator. Throw away food that looks or smells unappealing or old. Wipe out cupboards and stack dishes neatly when you put them back. Wipe down the inside and outside of the refrigerator & freezer and neatly replace your food items. Arrange pantry spaces and cabinets as if they were visible book shelves. Buyers want to see that there is plenty of space for all of the things they need to store in their kitchen.

6) Minor Fixes - Repair minor things like loose door handles & leaky faucets. Even minor items in need of repair can dissuade a buyer from purchasing a particular home.

7)Finishing touches - Get rid of any odors, wash windows, put out crisp-looking linens, keep lawn and landscaping trimmed and free of weeds. You want prospective buyers to know that you have taken care of your home.

BUSINESS OPPORTUNITY OF THE WEEK

Business For Sale - 508 Greene Ave- Village of Allouez, WI
$127,900

Business Type: Ice Cream Shop (Zesty’s)

Comments: Popular local ice cream shop & restaurant in high traffic Allouez location. Great opportunity to own an established, profitable business. Well kept shop includes all furniture, fixtures, equipment & inventory, all ready to go. A fun, affordable investment!
HOLY COW! House of the Week

Gorgeous home in east De Pere, on the Fox River… Only $2,999,000!

●7,642 Sq. Ft. ●5 Bedrooms ●7 Bathrooms








Call me today! :)

Prepare Your Home to Sell this Spring

Prepare Your Home to Sell this Spring-
5 Things to do Before Putting Your Home on the Market :


1. Spruce up the curb appeal. Pretend you’re a buyer and stand outside of your home. As you approach the front door, what is your impression of the property? Do the lawn and bushes look neatly manicured? Is the address clearly visible? Are pretty flowers or plants framing the entrance? Is the walkway free from cracks and impediments? Eighty-four percent of home buyers use the Internet to search for homes. One-third of home buyers use the Internet first, before any other source. That means that people are making decisions whether or not to even drive by your home based on how it looks in video, virtual tours, and photographs.

2. Organize and clean. Reduce clutter and pack up your least-used items, such as large blenders and other kitchen tools, out-of-season clothes, toys, and exercise equipment. Store items off-site or in boxes neatly arranged in the garage or basement. Clean the windows, carpets, walls, lighting fixtures, and baseboards to make the house shine.

3. Get replacement estimates. Do you have big-ticket items that are worn our or will need to be replaced soon, such your roof or carpeting? Get estimates on how much it would cost to replace them, even if you don’t plan to do it yourself. The figures will help buyers determine if they can afford the home, and will be handy when negotiations begin.

4. Find your warranties. Gather up the warranties, guarantees, and user manuals for the furnace, washer and dryer, dishwasher, and any other items that will remain with the house.

5. Have a pre-sale home inspection. Be proactive by arranging for a pre-sale home inspection. If you wait until the buyer’s inspection, the buyer could find a reason to wiggle out of a deal. If you have a seller’s inspection you can improve the condition of your home before a buyer sees it. You can keep receipts of recent improvements and provide estimates on optional upgrades to potential buyers. These actions will reinforce your trustworthiness and help overcome objections from potential buyers.I’d be glad to come to your home and help you determine what should be done to get it ready to sell. I’ll also do a free market analysis using comparable homes in the area. Contact me today!

7 Reasons to Own Your Home

7 Reasons to Own Your Home

1. Tax breaks. The U.S. Tax Code lets you deduct the interest you pay on your mortgage, your property taxes, as well as some of the costs involved in buying your home.

2. Appreciation. Real estate has long-term, stable growth in value. While year-to-year fluctuations are normal, median existing-home sale prices have increased on average 6.5 percent each year from 1972 through 2005, and increased 88.5 percent over the last 10 years, according to the NATIONAL ASSOCIATION OF REALTORS®. In addition, the number of U.S. households is expected to rise 15 percent over the next decade, creating continued high demand for housing.

3. Equity. Money paid for rent is money that you’ll never see again, but mortgage payments let you build equity ownership interest in your home.

4. Savings. Building equity in your home is a ready-made savings plan. And when you sell, you can generally take up to $250,000 ($500,000 for a married couple) as gain without owing any federal income tax.

5. Predictability. Unlike rent, your fixed-mortgage payments don’t rise over the years so your housing costs may actually decline as you own the home longer. However, keep in mind that property taxes and insurance costs will increase.

6. Freedom. The home is yours. You can decorate any way you want and benefit from your investment for as long as you own the home.

7. Stability. Remaining in one neighborhood for several years gives you a chance to participate in community activities, lets you and your family establish lasting friendships, and offers your children the benefit of educational continuity.

Online resources: To calculate whether buying is the best financial option for you, use the "Buy vs. Rent" calculator at www.GinnieMae.gov.