Fox Cities Real Estate Hotline Blog

The Ultimate Pre-Listing Kit for Home Sellers

Mon, 04 Apr 2011 10:12:58 -0700

Attention Listing Agents! A must have for a pre-listing appointment is a "Pre-Listing Kit" for the home sellers. Jeff Dowler posted this great blog on the subject. With out a doubt you come across as professional and organized plus it's a great opportunity to lay the foundation for a smooth transaction.

Via Jeff Dowler ~ Carlsbad Real Estate ~ 760-840-1360 (Solutions Real Estate (CA DRE Lic. # 01490977)):

The Ultimate Pre-Listing Kit for Home Sellers

I suppose that sounds arrogant, but I think a strong pre-listing kit for sellers is a good thing to have.

And since many REALTORS don't seem to use one, there is that competitive advantage if you provide one to prospective sellers

Other reasons to share a Pre-Listing Kit up front are that it can answer a ton of questions that sellers often have when trying to decide which agent to use, marketing their home, determining the appropriate market positioning, and the sales process in general. That can be a huge time saver so you can focus on the real issues at hand in your listing discussion.

Putting a Pre-listing Kit together also enables you to think more concisely about what information really is useful, and essential for sellers to have during the process.

And you will learn a few things too by gathering information that you use in your kit.

And you don't have to recreate something each time you are planning a listing presentation.

I'll share if you will - here are some of the things I include in my Ultimate Pre-listing Kit. It remains work in progress, with additions and deletions from time to time.

*       *       *       *       *

Schematic of the Sale Process from start to finish

My Seller Questionnaire "What is Most Important to You?

Information about proper positioning in the market (pricing well and the advantages of doing so) with graphics

Graphic - factors affecting what buyers will pay

Making Your Home Easy to Sell - Availability and Exposure

Ways to Sabotage the Sale of Your Home...and solutions

Dealing with a Buyer's Market

Vacant Homes and Advice

Marketing (not everything I do but an overview)

Mock-up brochure with photo of their house

Representative On-Line Advertising of other listings (links)

Proposed Internet Presence

Several Information Request Forms - the home, the neighborhood

Concierge Services

Seller Forms Checklist

Sample Forms and Disclosures

Representative Transactions

Success Stories

The Value of Working with a Certified Residential Specialist (CRS)

Information about me

My Competitive Advantages

Blog and Website Information

*       *       *       *       *

Yes, there's more, but why give all the good stuff away...except to my sellers? I am making a bunch of changes since I changed brokers and have to modify all the logos and such. It's taking forever!

So, do you use a pre-listing kit? If not, why?

And what are some items you include in your ultimate pre-listing kit??

**************************************







If I can provide more information about Carlsbad real estate and surrounding areas, the housing market, or otherwise assist you, friends or family in a home search, please contact me by phone or text at (760) 840-1360 or email me at JeffDowlerSolutions@gmail.com

Serving Carlsbad (including Aviara, La Costa & Carlsbad Village), Encinitas (including Leucadia), Cardiff, Solana Beach, Del Mar, La Jolla, Rancho Santa Fe, San Marcos (including San Elijo Hills), Oceanside, Carmel Valley, Escondido, and San Diego

Carlsbad Breaking News ~ Oceanside Breaking News ~ Encinitas Breaking News

All content ©Copyright by Jeff Dowler. All rights reserved.

Home Buyers. 6 mistakes to avoid as the tax credit deadline approaches

Wed, 24 Mar 2010 11:21:14 -0700

Time is running short to take advantage of the Tax Credits available home buyers, here are some tips on mistakes you should avoid (provided by Guy Lofts). If you want to take advantage of the Home Buyer's Tax Credit here in Appleton and the Fox Cities, don't wait and lose...call or text Bob Edwards today at (920) 202-2431 or email bedwards@coldwellhomes.com.

Via Guy Lofts CRS Real Estate Guy in Madison, Wisconsin (Keller Williams Madison Crossroads, Madison, Wisconsin):

6 mistakes to avoid in the last 30 days rush for the tax credit. Madison WI.

The tax credit for first time home buyers and for move up buyers will be sunsetting soon. The last day to receive an a/o is April 30^th and to close 30 days later.

So here are a couple of mistakes which could cost you dearly.

Short sales. There is a 20-40 chance of an average short sale closing. That means your accepted offer has a 60+% chance of failing, and with it your tax credit. Work with an agent experienced enough in short sales to be able to prequalify any short sale and advise you on it's chance of closing.

REO. Reo or bank owner properties are often valued below market and so they attract many buyers who compete. Buyers are asked to submit their highest and best. If you are not ready to buy and put in a strong bid you will miss out on the home.

Waiting too long. We are seeing many buyers sitting on the fence. I am not sure quite what they are waiting for but many are doing just that. As time progresses, all these buyers are going to be under crunch. Realtors are feeling the stress will not be able to give each client the time they need. Buyers will be competing for the remaining best homes and will actually be paying more under the rush to buy.

Interest rates are going up. The longer you wait, the greater chance rates will go higher. 1% rise in interest rates means afford ability of a new home will go down 10%.

Only the best priced 20% of homes are selling. However all buyers are going to be choosing from the same 20% homes. The new listings that are well priced will go quickly to the agents who consult their clients best and the buyers are prepared to buy. If you lose the home of your dreams, you will possibly never find another.

Missing the homes as they come on the market. The best homes are going to buyers with agents.

Having a top agent will help you navigate all of these pitfalls. But you must get started now.

Real estate Guy Team has sold 20 homes in the Madison Wisconsin area in the first 12 weeks of 2010 and so is in the trenches every day, helping buyers to buy homes and sellers to sell, even in a tough market.

Guy Lofts

Real Estate Guy Team

Helping Buyers and Sellers in Madison Wi Search all area homes for sale in Madison Wi

Get a chuckle, watch this 30 second video

Home Buyers. 6 mistakes to avoid as the tax credit deadline approaches

Wed, 24 Mar 2010 11:20:44 -0700

Via Guy Lofts CRS Real Estate Guy in Madison, Wisconsin (Keller Williams Madison Crossroads, Madison, Wisconsin):

6 mistakes to avoid in the last 30 days rush for the tax credit. Madison WI.

The tax credit for first time home buyers and for move up buyers will be sunsetting soon. The last day to receive an a/o is April 30^th and to close 30 days later.

So here are a couple of mistakes which could cost you dearly.

Short sales. There is a 20-40 chance of an average short sale closing. That means your accepted offer has a 60+% chance of failing, and with it your tax credit. Work with an agent experienced enough in short sales to be able to prequalify any short sale and advise you on it's chance of closing.

REO. Reo or bank owner properties are often valued below market and so they attract many buyers who compete. Buyers are asked to submit their highest and best. If you are not ready to buy and put in a strong bid you will miss out on the home.

Waiting too long. We are seeing many buyers sitting on the fence. I am not sure quite what they are waiting for but many are doing just that. As time progresses, all these buyers are going to be under crunch. Realtors are feeling the stress will not be able to give each client the time they need. Buyers will be competing for the remaining best homes and will actually be paying more under the rush to buy.

Interest rates are going up. The longer you wait, the greater chance rates will go higher. 1% rise in interest rates means afford ability of a new home will go down 10%.

Only the best priced 20% of homes are selling. However all buyers are going to be choosing from the same 20% homes. The new listings that are well priced will go quickly to the agents who consult their clients best and the buyers are prepared to buy. If you lose the home of your dreams, you will possibly never find another.

Missing the homes as they come on the market. The best homes are going to buyers with agents.

Having a top agent will help you navigate all of these pitfalls. But you must get started now.

Real estate Guy Team has sold 20 homes in the Madison Wisconsin area in the first 12 weeks of 2010 and so is in the trenches every day, helping buyers to buy homes and sellers to sell, even in a tough market.

Guy Lofts

Real Estate Guy Team

Helping Buyers and Sellers in Madison Wi Search all area homes for sale in Madison Wi

Get a chuckle, watch this 30 second video

Think Green...Start a Compost Pile

Wed, 17 Mar 2010 15:46:19 -0700

Think green and start your own compost pile this spring by recycling your kitchen and yard waste.

Okay, Okay, so this isn't the most glamorous thing that I've ever written about but hey, it's a great way to help the environment and grow awesome plants. You can build your own compost bin or purchase one at any hardware/lumber yard, they're fairly inexpensive and you'll be off and running. To learn more, here's a great article from HouseLogic and written by Jeanne Huber.

If you have questions about going green or buying and selling your home in Appleton or throughout the Fox Cities Valley call or text Bob Edwards at (920) 202-2431 or email bedwards@coldwellhomes.com

(New!)

Start a Compost Pile

Save money and grow healthier plants by recycling yard and kitchen waste into nutrient-rich compost. Read

Visit houselogic.com for more articles like this.

Invest a Tax Refund in Your Home: 5 Great $1,000 Projects

Wed, 03 Mar 2010 16:15:03 -0800

Tax time, you've worked hard all year and timidly had your taxes prepared only to find out that you'll be receiving a big fat check from Uncle Sam. Before you run off and just "blow" the money you worked so hard for, consider investing some in your home. Read this article and then you may consider one or more of the five great projects.

Invest a Tax Refund in Your Home: $1,000 Projects

Consider these five great projects that cost around $1,000 if you decide to invest a tax refund in your home this year. Read

Visit houselogic.com for more articles like this.

For more great real estate tips or if you're thinking of buying or selling a home in Appleton or the Fox Cities Valley just call or text Bob Edwards (920) 202-2431 or email bedwards@coldwellhomes.com

Make Spring Cleaning Less of a Chore: Smarter—and Mostly Greener—Tips

Wed, 03 Mar 2010 15:52:54 -0800

With Spring just around the corner we think of the birds chirping, the flowers blooming, the days getting longer....and Spring Cleaning and Maintenance. It needs to be done whether we like it or not, to make it less of a chore here's some smarter and greener tips.

Spring Cleaning Guide

Make spring cleaning less of a chore by following these smarter—and mostly greener—tips for this annual rite of homeownership. Read

Visit houselogic.com for more articles like this.

If you're thinking of buying or selling a home in Appleton or anywhere in the Fox Cities Valley, just call or text Bob Edwards (920) 202-2431 or bedwards@coldwellhomes.com

Tips to keep your home safe from burglary

Wed, 03 Mar 2010 15:01:16 -0800

Great tips to help keep you and your loved safe, we often think of these things after it's too late. For more great tips or if you or someone you know is thinking of buying or selling a home in Appleton or the Fox Cities Valley, just give me a call or text... Bob Edwards (920) 202-2431 or email bedwards@coldwellhomes.com

Via Cari & Doug Anderson (Diversified Mortgage Group):

You don't think it will ever happen to you but the fact is that home burglaries happen every day. In fact from 2004 to 2008 the number of burglaries increased by almost 4%. Most of these incidents happen in residential homes and average more than $2,000 in stolen items. If you would rather not be a victim of statistics here are some steps you can take to protect you and your home.

The most effective way to reduce the risk of burglary is to install a home security system. These can sometimes be quite expensive but take a few moments to price out your options and see if there is one that fits into your budget. You can think of the expense as added insurance (and you may actually qualify for a discount on your homeowner's insurance for installing a security system!).

In addition here are some simple steps you can take to reduce your risk of a break-in:

Obvious but true: keep all doors and windows locked - even when you're home!

Keep garages and sheds locked - never leave your garage door up when you're at home.

Clear obstructive bushes in your yard near windows which might conceal a burglar.

Install motion-sensing lights around the exterior of your home.

Set up light timers inside your home when you are out of town. They are inexpensive and easy to use.

Even if a stranger asks to use your phone for an emergency, do not let them in. Make the call yourself while they wait outside.

When you move into a new home, change all the locks.

Don't keep large sums of cash in your home.

Never let a service representative into your home unless you have an appointment and can verify identity.

Don't hide house keys under mats or other obvious places.

Don't answer personal survey questions that ask about your possessions or schedule.

Awareness is the key to keeping you and your home safe. Please pass these tips along so together we can start to see a decrease in home burglaries. Have a great day and stay safe!





CariAndDoug.com     Tri Valley Mortgage News     East Bay Mortgage News

925.964.1213 Direct // 925.570.0611 Mobile

Cari CA DRE 01220718 Doug CA DRE 01165309

Homeowners Insurance...Do You Have a CLUE?

Wed, 24 Feb 2010 14:11:44 -0800

Homeowners insurance, we all have it and we need to have it. As we go through the home buying process, it's something that comes up very early on as we're not going past underwriting without it. But do we have a CLUE or even know what CLUE is? So, okay, we closed on our new home, we've moved in, we have homeowners insurance, but what if we have a claim? Here's a "Must Read" article by Mariwyn Evans and please, if you have questions reagrding homeowners insurance be sure to contact a qualified Insurance Agent.

Your CLUE Insurance Report Matters

Your CLUE insurance report keeps your homeowners insurance claims alive for seven years--and that could cost you on your premiums. Read

Visit houselogic.com for more articles like this.

If you or someone you know is thinking of buying ir selling a homein Appleton or the Fox Cities Valley, just give me a call and I"ll be there to help you- Bob Edwards (920) 202-2431 or email bedwards@coldwellhomes.com.

It's Blustery in the Fox Cities Valley Today, 8 Ways to Seal Air Leaks

Wed, 24 Feb 2010 13:41:31 -0800

It's Blustery in the Fox Cities Valley Today, 8 Ways to Seal Air Leaks It's 21 degrees, light snow flurries and a blustery wind out of the north at 14 miles an hour. Sound cold, you bet it is! The last thing you want is to have that weather inside, it belongs outside and that's where it should stay. With windy conditions like we have today, if there are any leaks in your home, you'll find them. That's why I'm sharing this article by Jeanne Huber, these 8 tips will show you ways to seal those leaks and save energy, live more comfortably and save you money. If you're buying or selling a home in Appleton or the Fox Cities Valley you'll want to keep these tips in mind. For more great energy saving tips or if you're thinking of buying or selling a home, just call or text Bob Edwards at (920) 202-2431 or email bedwards@coldwellhomes.com

8 Easy Ways to Seal Air Leaks Around the House

For what the typical family wastes every year on air leaks--about $350--you can plug energy-robbing gaps, start saving money, and enjoy a more comfortable home. Read

Visit houselogic.com for more articles like this.

I hope you find this information useful, I know that I did. And remember, if you or someone you know is thinking of buying or selling a home in Appleton or the Fox Cities Valley, just give me call- Bob Edwards (920) 202-2431

This Just In- Survey Identifies Multi-Generational As Trend In Real Estate

Tue, 23 Feb 2010 14:31:35 -0800

From the desk of Tricia Voskuil at our corporate headquarters in Appleton, WI, I'd like to share the following information from a recent survey by Coldwell Banker Real Estate LLC.

Multi-Generational Homes a Growing Trend
Tricia Voskuil
2/22/2010

Coldwell Banker Survey Identifies Multi-Generational Homes As a Trend in Real Estate

37 Percent of Coldwell Banker Real Estate Professionals Surveyed Have Seen More Families Looking for Homes that Accommodate Multiple Generations

APPLETON, WI (Feb. 22, 2010) - Family reunions are taking on a new meaning in the real estate market. According to a recent survey by Coldwell Banker Real Estate LLC among its network of real estate professionals, in the last 12 months, 37 percent of sales professionals surveyed noted an increase in homebuyers looking to purchase homes to accommodate more than one generation of their family. In addition, almost 70 percent of Coldwell Banker sales agents believe that economic conditions may cause greater demand for multi-generational homes in their market during the next year.

Furthermore, the Coldwell Banker® January 2010 survey respondents cited financial drivers as the No. 1 reason why home buyers or sellers are moving into a house with other generations of their family (39 percent). Twenty-nine (29) percent said that health care issues are the primary reason, and six percent cited a strong family bond as the main factor.

"While saving money is certainly an incentive for buying a home that accommodates multiple generations, the benefits go beyond just financial reasons," said Diann Patton, Coldwell Banker Real Estate Consumer Specialist. "With two or three generations living under one roof, families often experience more flexible schedules, quality time with one another and can better juggle childcare and eldercare."

Communicating with family members and consulting with their real estate professional is key, as well. "Talk to everyone involved and determine how comfortable the family members are about sharing bathrooms, office space or common areas, and let that guide your search," Patton advises. "All of these topics are incredibly important in finding the right kind of home to fit the family - like one that has four bathrooms or one that has three."

"Every family has a different situation," said Joyce Bytof, CEO of the local Coldwell Banker The Real Estate Group. "We have the resources to find exactly what the buyers are looking for."

Helpful Hints:

Sellers with "mother in-law suites" or additional spaces that could accommodate a family interested in a multi-generational living arrangement should highlight this aspect of the home. Whether it's a garage apartment or refurbished basement, this separate space can help one home stand apart from the others on its block.

Buyers must be clear about their exact needs. Some families may just want an extra bedroom or two for family members, while others require areas with a separate kitchen, entrance, handicap accessibility or even a larger garage for additional cars. Desired location may also be influenced by proximity to local hospitals, senior centers or other important activities to family members.

Extended families purchasing a home together should consider signing a written contract outlining everything from finances to chores and childcare. Each family should assess their situation individually and find a plan that works best for them.

Methodology: Coldwell Banker Real Estate conducted a national online survey on trends regarding multi-generational home buyers and sellers in January 2010. The survey yielded responses from 2,360 Coldwell Banker real estate professionals across the United States.

Coldwell Banker The Real Estate Group is the number one real estate company in northeast Wisconsin with over 450 sales associates in 18 locations.

For more information or if you or someone you know is thinking of buying or selling a home, call or text Bob Edwards (920) 202-2431 or email bedwards@coldwellhomes.com. This is a great time to Buy or Sell a home in Appleton and through out the Fox Cities Valley...Call Today.

See This Now- Home Owners, HouseLogic is For You and FREE

Mon, 22 Feb 2010 16:47:23 -0800

See This Now- Home Owners, HouseLogic is For You and FREE

Whether you’re a First Time Home Owner or Experienced Home Owner, HouseLogic is for you. Buying a home is most likely the biggest investment you’ll ever make so you’ll want to take care of your real estate investment. HouseLogic is a wonderful new website from the National Association of Realtors aimed specifically to help home owners make smart decisions.

With HouseLogic homeowners can create "My Binder" to help them organize projects, finances, taxes, etc. Users can create To-Do Lists and set project reminders and also give you home improvement advice.

According to Realtor Magazine Online, HouseLogic is unlike other homeowner websites in that it helps the homeowner view their home through a “financial lens” and help them make smart and informed decisions with the goal of increasing their home’s value and tracking the progress of they’re making on the goals.

This has to be one of the best tools for home owners that I’ve seen, it's readily available, easy to use and free. Try it out and let me know what you think.

And remember if you or someone you know is thinking of buying or selling a home in Appleton or anywhere in the Fox Cities Valley call or text me today, Bob Edwards at (920) 202-2431 or email bedwards@coldwellhomes.com

Tips for First Time Home Buyers

Mon, 22 Feb 2010 12:03:02 -0800

Buying a home can be a long, complicated and frightening process, and it is important to be prepared. Knowledge is power when it comes to negotiating the difficult world of home prices, interest rates and mortgage loans. For a first time home buyer, there are many factors to consider before you buy. The more information you can gather before you start shopping, the better off you will be.

Keep in mind that even though we're getting very close to the end of Home Buyer Tax Credit (up to $8,000) there is still time to take advantage of it. If you or someone you know is thinking of buying a home in Appleton or anywhere through out the Fox Cities Valley, now is not the time to "Sit On The Fence"...Call Today! Call or text Bob Edwards at (920) 202-2431 or email bedwards@coldwellhomes.com.

Here are a few great tips to help get you started:

Look Beyond the Price

When it comes to securing a quality mortgage loan, it is important to look beyond the interest rate to the true cost of the loan, both now and in the future. Read the paperwork, including the fine print, carefully, especially if the interest rate is below market rates. Upon closer inspection you may find that the interest rate is guaranteed for only a short period of time, or that it is subject to rise sharply in the future. Your mortgage loan may be the most important contract you will ever sign, and it is essential that you understand your rights and your responsibilities before signing on the dotted line.

In many cases it will make sense to hire a lawyer to review the mortgage paperwork for you. Many communities provide some sort of first time homebuyer program designed to help renters become homeowners, and these organizations may be able to provide the legal advice you need at a price you can afford.

Every Situation is Unique

Every homebuyer will have a different set of circumstances, and it is important for the lender to consider those factors. Some homeowners may plan to move in a year or two, and they may be able to benefit from a variable rate mortgage. Others will plan to remain in their home for decades, and those home buyers may benefit from the stability of a fixed rate mortgage and its predictable and stable monthly payment.

It is also important for those buying a first home to factor in the additional costs of the mortgage when deciding how much they can afford to pay. Things like closing costs and the high price of private mortgage insurance can drive up costs and eat into funds that would otherwise be available for home improvements, furnishings and other essentials. In some cases sellers may be willing to pay some of the closing costs, and some lenders will be able to negotiate those closing costs downward. The key is to ask those questions before the closing date arrives, and to be prepared to search for a better deal if necessary.

First time buyers should also be on the lookout for any hidden fees. These small nuisance fees can add up to hundreds of dollars on closing day, so be sure to scour your paperwork for any such fees. If you are unsure about the legitimacy of any charge be sure to ask for a valid explanation. Again, an experienced real estate attorney can provide valuable insight into which fees are reasonable and which are out of bounds.

And of course first time home buyers should not lose sight of the home itself in the quest for the perfect mortgage. Any defects should be pointed out to the seller well before the closing is to take place. The costs of every needed repair should be carefully negotiated prior to the purchase, and buyers should always follow up to make sure that all requested repairs have been made. A home is a major purchase, and it is important to make sure that everything has been taken care of before moving in.

For more tips on buying your first home or for information on our local market in Appleton or anywhere in the Fox Cities Valley, call or text today...Bob Edwards (920) 202-2431 or email bedwards@coldwellhomes.com.

It Takes Only 10 to Know… Are You Willing to Change your Search Criteria and Win?

Wed, 17 Feb 2010 13:11:47 -0800

I find it somewhat common (or at least not uncommon) lately that Buyers tend to get overwhelmed byt he market. to reassure you, I want to let you know that it's my job to recognize when this happens. At that time I most likely will suggest that we take a step back, regroup at my office and review our wants, needs and ultimate goal. By doing so we'll accomplish your dreams together. For more information on buying a home in Appleton or the Fox Cities Valley just give me a call or text, Bob Edwards (920) 202-2431 or email bedwards@coldwellhomes.com

I'd like to thank Barb Fischer for providing us with these great tips.

Via Barb Fischer (RD Brown Real Estate):

It used to be that internet savvy buyers would spend a few weeks looking and learning, and then once they targeted their desired area/price/style, they’d view a handful of homes, maybe 3-5, submit an offer, get into escrow and actually close escrow within about a month.

Now if you’ve done your pre-homework and gone to see 10 homes, and still haven’t found what you want, it’s time to change your criteria and your expectations. This number includes homes you’ve scoped out from the outside, then found out there are multiple offers over list price.

A few ideas on how to tweak your search and achieve success:

1. A huge number of people want a 3 bedroom, 2 bath. What about 1 ½ bath, or even 1 bath with a floorplan which would allow you to add a 2^nd bath? Many of these homes are overlooked and therefore the competition for these is lower.

2. What about 2 bedrooms with a den, or a larger dining area which could be converted? Do you really need a 3^rd bedroom or would another arrangement work just as well?

3. What is it about the neighborhood you’re looking in that you like so much? What other areas or pockets within other neighborhoods could be just as nice?

4. Can you live without a garage, or build one later? What else can you really live happily without?

5. If you’ve been asking for the seller to pay your closing costs and keep getting beat out on offers, STOP! Think of another way to get that money or spend a few months saving up. If you’re a VA buyer, we Americans appreciate your service to our country but the reality is, you’re up against cash and conventional offers who are NOT asking for closing costs. Same holds true for FHA buyers.

6. Ask yourself: do I want a deal or do I want a house? The “sale” is nearing an end in many locations and the discounts have already been taken. Be glad that prices are 50% off the high of the market!

7. How much fix-it work can you reasonably do yourself? Have you considered an FHA 203K rehab loan? That way you can start looking at many of the cash-only homes, and bypass lots of the competition.

If you’re looking for the perfect home, it doesn’t exist. Ask anyone who’s built their own—they still wish they’d done a few things differently. If you can get 80-90% of what you want, that’s terrific. Happy home searching to you!

Barb Fischer

San Diego, CA

619.339.1396

EXTRA EXTRA EXTRA-------This Just In, WHEDA is Back

Sat, 13 Feb 2010 14:49:05 -0800

After being gone for over a year starting this March 1st,2010, the Wisconsin Housing and Economic Development Authority or better known as WHEDA, is back. What does this mean to first time homebuyers? With the WHEDA Fannie Mae Advantage you may be able to get into your new home for as little as $1,000 out-of-pocket and have a monthly payment that's less than many other mortgage loans currently available. WHEDA also offers Buyer Education and Downpayment assistance programs.

There will be much more information available and upcoming, so stay tuned, I'll be posting more info real soon.

If you're excited to find out how WHEDA might help get you into your new home in Appleton or anywhere in the Fox Cities Valley, don't wait, call today. Bob Edwards at (920) 202-2431 or email bedwards@coldwellhomes.com.

Without the Granny Knot...Selling or Buying Your Home

Fri, 12 Feb 2010 10:17:23 -0800

Throughout the home buying and selling process there are certain steps that most everyone takes and for all practical purposes follows in the same order.

We decide to Buy or Sell…check
We go online to get a feel for the market…check
We call an agent…check
Sellers list their home and Buyers start looking at homes...check
Buyer buys, Seller sells and everyones happy...oops

ERRRRRRRRRR (buzzer sound effect)

We all start off with the same steps toward buying and selling homes, my job as your skilled agent is to ensure that things don’t get twisted along the way and we end up with a Granny Knot. To help relate watch this short video with an example of how we can perform the same actions in two different ways end up with totally different results.

The steps are the same and the results are not. Sometimes there's a liitle bit more to the story than just reading the headlines. To ensure a smooth transaction whether you're buying a home, selling a home or both, call an experienced agent who won't let you end up with a Granny Knot.

In Appleton or throughout the Fox Cities Valley call or text Bob Edwards of Coldwell Banker The Real Estate Group at (920) 202-2431 or email bedwards@coldwellhomes.com

What New Homebuyers MUST Know About Getting Pre-APPROVED in 2010 –

Tue, 09 Feb 2010 11:03:26 -0800

One of the most important steps in the home buying process is the Pre-Approval. Often confused by both Buyers and Sellers as to the difference, Gwenn has some very helpful information I'd like to share with you. If you're thinking of Buying or Selling in Appleton or the Fox Cities Valley another important step you won't want to skip is to call me today at (920) 202-2431 or email me at bedwards@coldwellhomes.com.

Via Gwenn Tanvas - Wisconsin Mortgage Expert - FHA Loans - VA Loans - USDA Rural - (Local Mortgage Expert! ):

Kim & Bill were ready to find their first home. After making a few quick phone calls, they received an informal pre-qualification to go ahead shop for homes. Their imagination had been working overtime and the picture of their first home was clear in their mind. They could imagine the perfect neighborhood, the most darling little house with the greatest backyard; their new home everything they ever wanted. They invested a couple hundred hours finding their little treasure, spent several hundred dollars on fees and property inspections, took a deep breath, and placed an offer. They had their heart is so set on the home that they began telling their friends the new address, and set a date for their house warming party.

And then the bank calls with this little tidbit of information - We are sorry but your mortgage application has been denied!!!

Kim & Bill could have saved themselves from this heartache if they would have been formally PRE-APPROVED. It is so important to understand the difference between a pre-qualification and a pre-approval... In fact, it is highly recommend you get a written Pre-Approval Letter before you go any further in the home-buying process.

Let's take a look at the differences . . .

What is pre-approval?

It's basically a quick-and-dirty look from a lending institution at your creditworthiness. With a pre-approval letter in your hand, you're immediately in a stronger negotiating position with any seller, not to mention the peace of mind knowing that when you get the offer accepted, you are likely to get the keys to your new home...

But be aware that there are two types of "pre" letters:

Pre-qualification is an informal agreement between you and your lender. The bank gives their opinion on how much they think they will be able to lend to you based on iinformation that you have provided to them. Your bank doesn't do any background check s at this point. It relies solely on you portraying an accurate picture of your circumstances. Pre-qualification is more like a friendly handshake, and once material facts are reviewed, the lender can decide not to give you the loan based upon their review of your official iinformation. This is the mistake Kim & Bill made....

Pre-approval is more serious. The bank will actually check your credit history, employment information, assets, and liabilities. The only thing they won't check is the property that you plan to buy, because, of course, you haven't found it yet! We highly recommend that you get a pre-approval BEFORE you begin physically looking at homes. It will put your mind at ease while you search for your new home and make the entire experience much less worrisome. Beware of lenders who charge for a pre-approval. A reputable mortgage lender is happy to spend time with you to review the process and answer any questions you may have.

Getting pre-qualified simply indicates that you have told a lender your income level and your debt and credit iinformation, and the lender has estimated what you can afford; Opposed to a Pre-approval, which is an in-depth review of your income, assets, debt to income ratios and credit. A Pre-Approval will provide you with peace of mind when making an offer on your new home.

I hope this iinformation has been helpful. If you have any questions about this process, please feel free to give me call or shoot me an email. I am here to assist you and help make your dream of home ownership a reality.....

Buying a home carries certain levels of stress, but financing should not be one of the stresses. Do yourself a favor and spend some time with a Mortgage Planner BEFORE you go looking for that perfect little home.

Gwenn Tanvas is a Certified Mortgage Planning Specialists who specializes in working with First-Time Home Buyers and Government Programs such as FHA, State and Federal VA and USDA Rural Housing Loans. Visit her website for more information, on-line calculators and a secure on-line application. She is able to assist with transaction throughout the state of Wisconsin. Her offices are located in Appleton, Oshkosh and Green Bay and offers the convenience of one-stop shopping. http://www.WisconsinLoanTips.com or http://www.MortgageProsOfWisconsin.com she can also be reached for comment or to answer questions via email at gwennt@centurytel.net

Wisconsin Realtors, Grab Your Opportunity to Get Gwennie's Revolutionary New Property Marketing Technology Tool and it is FREE for the asking!!!! http://www.WisconsinPropertyPromoter.com - Check it out!

Only 81 days left to Say Yes To 4 Questions and Proceed to the $6,500 Tax Credit

Tue, 09 Feb 2010 10:54:26 -0800

Here is some great advise if you're thinking of selling your home, presented by Gwenn Tanvas. For more information on the Tax Credits available to home Sellers and Buyers call or text me today for details (920) 202-2431 or email me at bedwards@coldwellhomes.com. Let's work together and beat the clock.

Via Gwenn Tanvas - Wisconsin Mortgage Expert - FHA Loans - VA Loans - USDA Rural - (Local Mortgage Expert! ):

There are just 81 days remaining for Homeowners with the desire to take advantage of a new home tax credit worth up to $6,500. The deadline is creeping up on us. You have until April 30, 2010, to get a deal under way. Is it time for you to get moving?

Before you decide, see if you can answer "yes" to these four questions.

1. Are you already in the market? - Let's assume you qualify for the tax break. That means you've been in your current home for at least five of the last eight years consecutively, you're purchasing a new principal residence -- not a vacation home -- that costs no more than $800,000, and you meet the income threshold -- $125,000 for individuals and $225,000 for joint filers -- to get the full $6,500 credit.

Keep in mind that the tax credit is yours unless you sell or stop using the home as your principal residence within three years after the date of purchase. Qualified home-buyers have the option to take the tax credit on their 2009 or 2010 income tax returns, so be sure to consult your tax authority so you get the most bang for your buck.

Here are a few things to consider as you contemplate your decision... If you were already planning to move, the tax credit can help you recoup some of those repairs you've been putting off to get your home ready for sale. Another consideration is the desire or need to up size or downsize, to move closer to family or to make room for an aging parent.

2. Do local market conditions look favorable? - There are three reasons why now is the right time to upgrade your home. First, interest rates are as low as they've ever been in our lifetime. Second, prices are very competitive, and you can buy a lot more home today than you could three years ago. And thirdly, the first-time buyer tax credit. Over the course of the last 12 months, first-time buyers are eating up the majority of good inventory due to its affordability. This is great news for sellers!!!

3. Can you sell your house in time? - You'll have to in contract on the purchase of the new home by April 30, 2010 and closed by June 30, 2010. If you are active in the US Military, this deadline has been extended for an additional 12 months. Certainly nobody wishes to be carrying two mortgages, so your best bet is to get your home on the market a.s.a.p. to take advantage of this great tax incentive before time runs out. Be sure you do your research before taking the plunge. A quick call to a reputable Realtor will provide valuable insight on your market area. If you need a referral, I am happy to point you in the right direction.

4. Can you close the expense gap? - While the tax credit can help offset expenses like home repairs and the seller's commission, $6,500 will only stretch so far. If you are upgrading, keep mindful of your equity position on your existing home and available cash to cover the new down payment. If you're counting on the tax credit to cushion the higher mortgage cost of your new home, that's a red flag. The last thing you want to do is over extend yourself just to take advantage of the tax credit. Planning is essential.

While the tax credit can be a financial boost to many homeowners who are ready to buy again, the purchase of a home should never be a tax-based decision. The $6,500 is a treat; a cherry on a sundae. The sundae is the historically low home prices, substantially low interest rates and sellers willing to bargain.

Remember, the clock is ticking and as of this post, only 81 days left. If you are considering this, DO IT NOW..... We are here to help facilitate the transactions and help successfully market your property.

Until next time..... make it great Wisconsin - big smile.....

Gwenn Tanvas is a Certified Mortgage Planning Specialists who specializes in working with First-Time Home Buyers and Government Programs such as FHA, State and Federal VA and USDA Rural Housing Loans. Visit her website for more information, on-line calculators and a secure on-line application. She is able to assist with transaction throughout the state of Wisconsin. Her offices are located in Appleton, Oshkosh and Green Bay and offers the convenience of one-stop shopping. http://www.WisconsinLoanTips.com or http://www.MortgageProsOfWisconsin.com she can also be reached for comment or to answer questions via email at gwennt@centurytel.net

Wisconsin Realtors, Grab Your Opportunity to Get Gwennie's Revolutionary New Property Marketing Technology Tool and it is FREE for the asking!!!! http://www.WisconsinPropertyPromoter.com - Check it out!

8 Tips to Downsizing with Style

Mon, 08 Feb 2010 14:13:19 -0800

While moving into a home of any size can be a large undertaking, for buyers looking to downsize, the transition is often more challenging. But whether they are empty nesters requiring less space, young professionals moving to a new city for job opportunities or families looking to save, more and more buyers in today’s real estate market are opting to downsize.

Though moving to a smaller space may involve making a few sacrifices, having less room does not mean having to scale back on style. In fact, a homeowner with minimal square footage to work with can maximize their home’s overall charm just by using a bit of creativity.

Below are eight effective tips from Bob Edwards at Coldwell Banker The Real Estte Group for how to downsize with style:

Keep, sell, donate, and trash. Although it is difficult to part with possessions, doing so is often a must for anyone planning to move into a smaller home. Begin by dividing belongings into keep, sell, donate, and trash categories. Post items for sale online, or hold a garage sale; offer unwanted furniture and clothes to a friend or family member or donate it to local charities. Knowing that others will appreciate these things might make parting with the items a bit easier.
Scale it back. Unless a homeowner is trying to make a dramatic statement with an extra-large couch or coffee table, a small space will likely look and feel better with moderately-sized or even slightly smaller furnishings. In fact, a room with furniture that appropriately fits the space will actually seem larger. It is all about scale.
Look for multipurpose living room furniture. A piece of furniture with more than one purpose is a downsizer’s dream. Coffee tables and ottomans that double as storage cubbies allow guests a place to rest their drinks and feet while the host’s belongings remain hidden underneath. And who needs a guest room when the couch has a pull-out bed?
Don’t just dream of storage, dream on it. Platform and storage beds are ideal for storing items that are used infrequently such as seasonal clothing, spare bedding and linens. Plus, they free up valuable space in bedroom closets, especially those that are shared!
“Build” a wall with a simple screen. The smaller the home, the more purposes each room serves. But this does not mean a homeowner must eat where they sleep. Buyers opting to downsize should consider putting up a screen to divide a room with more than one use into sections. The room will still feel open but the screen will provide some much needed privacy and separation.
Consider hanging curtains. Just because the new home has fewer windows does not mean its owner has to settle for boring window treatments. Hanging curtains on the side of the window pane can make it appear larger, and curtains that run from floor to ceiling can create the illusion of height.
Maximize wall space. Homeowners who have run out of floor space and need additional room should look to the walls. Shelves that are hung on walls or above doorways will provide more space and serve as stylish room accents. Furthermore, while it sounds simple, the addition of a mirror on any wall will add depth and light to a room, making even the smallest space seem larger. Mirrors also add elegance and charm to a home’s décor, often at a reasonable price.
Utilize new technology. New technology, such as flat screen televisions and laptop computers, allows for more space in the living or office areas while adding a modern touch to the home.

For more tips with all of your Real Estate needs in Appleton and through-out the Fox Cities Valley, call or text Bob Edwards today at (920) 202-2431 or email at bedwards@coldwellhomes.com.

6 Simple Steps to Relocating With Ease

Mon, 08 Feb 2010 13:48:47 -0800

For many people, the New Year represents a chance at a new beginning. This often involves making a few changes in life including, for some, moving to a new home. Whether upgrading to a larger property in a neighboring town or relocating to a new city or state altogether, moving can be a complicated process.

Beyond finding a home, there are many factors to consider - employment opportunities, the general feel of the community and, of course, the physical aspects of a move such as packing and changing one’s address. Bob Edwards of Coldwell Banker The Real Estate Group recommends the below simple steps for relocating with ease:

1.) Begin The Search Online. Finding a home is probably the biggest decision one will make when it comes to relocating. But, thanks to the advancement of the Internet, searching for properties has become more accessible than ever. Utilize free online tools such as those found at the Coldwell Banker Web site (www.ColdwellHomes.com) which offers consumers a unique portfolio of search options, including custom searches, muliple photos and information on each property.

2.) Conduct Due Diligence. When relocating to an unfamiliar place, it’s best to get an advance feel for the lifestyle and personality of the new town. Contact the local municipality or local library, or log on to the city guide’s Web site. Also check out free online tools such as Coldwell Banker On Location (www.youtube.com/coldwellbanker), which offers behind-the-scenes looks at towns and neighborhoods, tips and timely news on real estate topics, and video listings of homes for sale.

3.) Line Up an “All-Star” Team of Professionals. Now that you’ve done your homework and have an idea of where you’ll be moving, it’s time to identify a team of experienced professionals. This will play a key role in making the relocation process as simple and seamless as possible.

4.) Start by interviewing and selecting a real estate agent who understands what you’re looking for and is familiar with the area in which you are looking to move. Your local agent might also assist in referring an agent in your new community. A real estate professional will arrange showings when travel is possible and keep track of the properties viewed. He/she should also be able to help indentify suitable lawyers, mortgage lenders, home inspectors, movers and others who play a role in the process. To find the right agent for you, visit www.ColdwellHomes.com where you can select from more than 450 sales associates spanning 18 northeast Wisconsin locations.

5.) Safeguard valued items and documents. It's a good idea to keep valuable possessions, such as jewelry or antiques, and important papers such as birth certificates, closing papers and new job contacts, with you throughout the move. Speak with your local real estate agent about homeowner’s insurance and whether or not to consider additional insurance from the mover. Also, find out what paperwork (receipts, appraisals, and photos) you might need to file a claim in case of loss.

6.) Free Yourself of Excess. An experienced real estate agent can recommend a number of local services to make your move easier. For instance, Goodwill (http://www.goodwill.org) can collect any items that the seller no longer wants in their next home. Relax and Enjoy Your New Home. Remember, relocating to a new area can be an emotional experience. Expect some stress and find productive ways to work it out – participate in community activities, visit the gym, keep a journal, etc. Stay in regular contact with friends and family back home - having a support network to talk to will help make the transition a bit easier on everyone.

Whether you're relocating across town in Appleton and the Fox Cities or across the country, I'm there to help take the stress away. Just call or text Bob Edwards at (920) 202-2431 or send me an email at bedwards@coldwellhomes.com.

Real Estate terms making a comeback in today’s Market

Fri, 05 Feb 2010 14:34:27 -0800

It's easy to get locked into one train of thought so it never hurts to try the old "outside the box" hat on. Gerry had some very good thoughts that I wanted to share with you.

If you're thinking of buying or selling a home in Appleton or the Fox Cities Valley give me a call or text, Bob Edwards, at (920) 202-2431 or send me an email at bedwards@coldwellhomes.com. We can discuss all kinds of alternatives and option, I know we'll find the one that fits you the best.

And don't forget about the extended and expanded Tax Credit, you could qualify for up to $6,500 for existing homeowners or $8,000 for First Time Homebuyers. Don't Wait and Lose...Call Today!

Via Gerry Michaels (Community Benefits Real Estate, Gettysbrug, Pa):

Real Estate terms making a comeback in today’s Market

Purchasing real estate in today’s challenging market has some terms not commonly used for some time. The challenge of getting funding has forced sellers and buyers to get creative to get a deal done. Let’s take a look at a short list to clarify of these terms for those first time home buyers.

-Installment contract= Property is purchased through installments with the title to the property being withheld until all installments are made. Usually done with a tax deferred incentive in mind, the gain from the sale is diminished by not receiving the proceeds in one lump sum. It can also benefit the buyer in that usually no down payment required.

-Lease with option to buy= This allows the renter or lessee to accumulate a down payment by applying a portion of the rent toward the down payment. The transaction needs to be structured in such a way that the IRS does not interpret the lease as an outright purchase (installment contract).

-Sale-leaseback= Seller sells property to a buyer who then leases the property back to the seller. This is done within the same transaction, usually with a full triple net lease that is set for a specific period of time.

-Contract for deed= Agreement of sale between the seller and buyer of property in which the payment either in full or a portion are deferred. The buyer takes possession of the property and receives equitable title to the property and pays the taxes including all costs associated with the maintenance of the property. The seller continues to hold title, and is responsible for any underlying mortgage payments. The seller is required to deliver good title at the end of the specified time period. Buyer receiving equitable title along with the obligation to purchase differentiate the Contract for deed from the Installment contract.

When utilizing any of these alternative methods of purchasing property it is best advised to retain the services of a reliable real estate attorney.

If you or family member are thinking of buying or selling a home please feel free to contact me for assistance.

If you or somebody you know would appreciate my services, please contact me with their information and I will be happy to help them.

Celebrating 50 Years... Coldwell Banker- The Real Estate Group, Inc.

Fri, 05 Feb 2010 13:02:53 -0800

I'm very proud to be a part of Coldwell Banker- The Real Estate Group, Inc. who is now celebrating 50 years in business. This is such a huge accomplishment and not one that's achieved by very many companies.

Here's an article written by our own Tricia Voskuil.

Congratulations go out to Joyce and Otto Bytof!

Celebrating 50 Years in Business
Tricia Voskuil
2/4/2010

Coldwell Banker evolves into regional real estate giant. Celebrates 50 years in business.

When Otto Bytof decided to open his own real estate office in 1959, he never realized the company he founded would grow into the regional giant it is today.

"I was satisfied where things were (when I retired)," said Otto Bytof, who opened his first location in Appleton 50 years ago.

Now, what operates as Coldwell Banker The Real Estate Group has 18 offices, with about 500 employees, covering the greater Fox Valley area from Door County to Berlin and west to Waupaca and Stevens Point.

Much of the company's growth is credited to Otto's wife, Joyce, who took the company over after he retired in 1988.

"I really had an interest in running the company at that time," she said.

Otto Bytof said he hoped Joyce would join him in retirement.

"It was something she really wanted to do; she was always ambitious," he said of Joyce's interest in running the business. "When I initially retired, I would come into the office, but to really know what's going on and to do the job effectively, you have to be in the mix every day."

The early days

Joyce Bytof said the foundation of the company was built by Otto.

"I don't think the company would be around today if it weren't for the principles Otto followed," she said. "It made for a solid base, which still holds true today. If it feels right, it's right, even if you're on the losing side and it still feels right, then it still was the right thing to do."

These days, residential housing listings are readily available, particularly on the internet, which can include video descriptions of homes and virtual tours that walk a viewer through a house. Applications also are available for smart phones that can provide an assortment of details about a residential listing.

The Bytofs recall a time when Realtors were reluctant to share residential listings.

"If you didn't have the listings, you couldn't be successful," Otto Bytof said.

Eventually, multiple listing services were created and Realtors saw the benefits of pooling resources.

Smart growth

Joyce Bytof said when she took over the business, her initial goal wasn't to become the largest residential real estate company in the region.

"I wanted to build a company that would be selling homes to future generations," she said. "I'd like to know that my great-grandchildren would one day be able to buy a house though this company because it was a sound business that was successfully passed from one generation to the next."

Coldwell Banker's first major acquisition came in 1992 when it purchased Temmer Realty. Between 1992 and 2009, the company acquired 17 other real estate offices. The most recent office being Coldwell Banker The Real Estate Group in Stevens Point.

To further enhance the company's services, a title business was added, New Title Services, Inc. in 2003 and a mortgage business, New Mortgage Advisors in 2005.

"It was a way for us to bring all the services for a buyer under one roof," Joyce Bytof said.

Today's buyers

The Bytofs said they've seen buyer trends and buyers themselves change through the years.

Otto Bytof said homes he would typically sell were in the 1,100- to 1,200-square-foot range, with no garages.

"Buyers also are interested in homes with two-, three- and four-car garages," Joyce Bytof said. There's interest in storage as well as places to park second and third cars, as well as recreational vehicles like motorcycles and snowmobiles.

Though Joyce Bytof has no plans to step down anytime soon, the company is preparing for its leadership transition. Chuck Peeters is the president of the company's real estate division and Guy Bytof, Otto's son and Joyce's stepson, serves as the corporate president. Along with their team of professionals, Coldwell Banker The Real Estate Group is set to prosper for decades to come.

"Growing the business was what I set out to do," she said. "I wanted to be in the markets where it made sense for us."

Top 5 Mistakes Home Sellers Make

Sun, 31 Jan 2010 13:01:20 -0800

I'm sharing with you some great points to consider when it comes to selling your home. whether you're across the street or across the country this is good advise. For more great tips on selling your home in Appleton or anywhere in the Fox Cities Valley, call or text Bob Edwards at (920) 202-2431. If you prefer send me an email at bedwards@coldwellhomes.com ...Don't Wait and Lose, Contact me Today!

Via Andy Yakubovsky (Century 21 Prevete Real Estate):

Top 5 Mistakes Home Sellers Make

1. Setting the Wrong Price.

Every seller wants to get the most money for their property. However, the best way to do this is not to list your house at an excessive price, either too high or too low. When figuring out the correct price, don't rely on national statistics, Nassau County assessments or internet site estimates instead focus on Wantagh's true statistics. Wantagh properties have seen an increase in Days on Market and a decline in the Number of Transactions and the Sales Prices over the past several years. The latest market statistics can be viewed on this report.

Figuring out how to set the price is tricky - so price according to your neighborhood. A proper Comparative Market Evaluation takes into account the following: recent closed sales, recent under contracts, days on market and current inventory/competition. Gone are the days when you can expect to sell your home for as much as your neighbor did just six months ago.

When you overprice properties they tend to take an unusually long time to sell and end up selling for a lower price.

2. Waiting for the Market to Rebound.

No one knows when home prices will rebound, however it is not going to happen this year! Waiting for the rebound could will cost you thousands of dollars. If your home is worth $400,000 now, but Nassau County prices are expected to sink another 5-7% by the end of the year, that's $20,000 to $28,000 you lost in equity by waiting.

Also, listing later in the traditionally busy spring season will limit your pool of potential buyers - and your eventual sale price. That's because many house hunters will be after the home buyer tax credit, and the credit requires a written binding contract to be in effect on April 30, 2010; the purchaser will have until July 1, 2010, to close. Bottom line - time is of the essence.

3. Failing to Properly Qualify the Buyer.

Make sure that your buyer has been recently pre-approved for a mortgage large enough to buy your property. Transactions often fall apart due to financing issues. Even if you get an offer $15,000 over your asking price, if your buyer can't get a mortgage you will be back at square one and now your house is worth less than when you started.

Mortgage qualifications are constantly changing. The banks are making it more difficult to obtain a mortgage so sellers need to select their buyers carefully with the help of professional. Remember not all Pre-Quals are born equal - make sure they are from a fly-by-night mortgage bank/broker.

4. Not Using a Real Estate Attorney.

Would you go to a podiatrist if you had a heart problem? Both are doctors, both are highly trained professionals - however their specialties are completely different. An attorney specializing in real estate is aware of the latest trends and market changes. They will not make mountains out of molehills or miss any important nuances of the real estate transaction. Ask for recommendations from people you know as well as a Realtor.

5. Trying to Sell on Your Own.

In a Down Market your home, a depreciating asset can be on the market for an extended period of time and possibly not sell without an experienced real estate agent who knows the ins and outs of the entire real estate sales process.

In 2009, according to NAR, the median selling price in For Sale By Owner transaction was $43,000.00 less than an agent assisted transaction. On average a Realtor can get you more money than if you had sold it on your own (without all the headaches that come with selling on your own).

Finding the right agent may be a daunting task if you do not ask the right questions. You need to know: their Plan of Action, their work schedule (how many hours per day will they spend looking for a buyer for you), their knowledge of the Wantagh Real Estate market, their references, their track record, their list-price to sell-price ratio.

Good Luck!

Decide Quickly!

Pick The Right Price!

Pick The Right Buyers!

Pick The Right Attorney!

Pick The Right Agent!

Need Help? Get It - The Wrong Decisions Will Cost You!

Foreclosure Basics - Special incentives for Buyers with this program

Fri, 29 Jan 2010 16:38:06 -0800

If you're thinking of buying a foreclosure, here's some information provided to us by Lin Sims. And for more tips on buying foreclosed and distressed properties call Bob Edwards at (920) 202-2431.

Via Lyn Sims ~ Chicago Northwest Suburbs (Schaumburg Illinois ~ RE/MAX Suburban):

Foreclosure Basics - Fannie Mae Specials on the Home Steps Program

Well I guess they want to join the spring market with new incentives for buyers (dangle that carrot?) with closing costs help and new appliances! Most foreclosures obviously have 'iffy or icky' appliances so this would at least give buyers some incentives/breaks on those new appliances. This was just released and is valid until May 1, 2010. You must close by that date. The press release shown is not very clear but I rechecked and the date starts for contracts on January 27th, 2010.

My other post on Freddie Mac Foreclosures.

Think a foreclosure might be for you? I can help with all those questions.

Such a DEAL! . . . Maybe It Really Isn't

Fri, 29 Jan 2010 16:02:16 -0800

I would like to share with you a very good post written by Carla Muss-Jacobs. She makes some very valid points on buying distressed properties. If you're thinking about buying foreclosures in Appleton or the Fox Cities Valley just give me a call, Bob Edwards at (920) 202-2431. I'll provide you with a list of foreclosure homes and share more important tips.

Via Carla Muss-Jacobs, ABR, CEBA, e-PRO, Realtor (Principal Broker/Owner EBA Portland, LLC):

This blog was inspired by Charles Buell's The Perfect Storm

I started thinking about this, and realized how amazed I am that some short sales, but mainly foreclosures are coveted by Buyers.

Why?

Because Buyers think that a Foreclosure, mainly, is a great bargain. The lure of getting something for nothing, or a lot of house for a little buck.

Sometimes that's the case. Most times, it's not.

The main thing to consider when you are representing a Buyer, or are a Buyer, is condition. The condition of foreclosure property might be in dire straights -- a tear down -- or, it might need some sweat equity.

Rarely, and I mean rarely have the foreclosed homes I've toured been move-in ready.

If you're a Buyer, or representing a Buyer who is interested in Foreclosures, try to be realistic.

Do you have the funds to fix the place up?

Is the property going to fund?

Is the property going to be a money pit with unforeseen headaches (Netflix "The Money Pit")

Will the money you put in to it pencil out in the long-run?

Do you have the time and INCLINATION to make updates?

REPEAT: Do you have the FUNDS to fix the place up?

I toured a Foreclosure on Sunday. It had gone PENDING, but was back on the market. I took my clients out to see it. From the photos it looked fine. Upon closer inspection: the roof needed replacing, the garage door was dry rotted, the rain gutters were rusted (leaked), the flooring needed to be replaced, there were no appliances, and the siding (which the listing agent noted as "OTHER") might have been LP . . . the kiss of death in our local area.

This might have seemed like SUCH a DEAL on paper.   It required a lot to make it move-in ready and that = MONEY!!

Looked GREAT in the photos! A lot do.

I hope the Buyers didn't waste spend money on a home inspection. Maybe what Charles is blogging about happened? And that would have been a shame! A good, experienced agent -- such as YOURS TRULY -- would have pointed out the issues, prior to writing an offer. Perhaps, saving the Buyers $300 to find out the OBVIOUS!!

Keep in mind, Foreclosures are sold "AS IS" in most cases. And "AS IS / WHERE IS" aka: What you SEE . . . IS what you get!"

And most Foreclosures are: YOYO (You're On Your Own!)

-----------------------------------------------------------

~ Representing Buyers Since 1999 ~

Carla Muss-Jacobs, ABR, CEBA, e-PRO, Realtor®

Principal Broker/Owner
EBAPortland, LLC
YOUR Exclusive Buyer's Agent

CHECK OUT www.EBAPortland.com for Home Buyer TIPS!

Read My Blogs:

http://ebaportland.tumblr.com/

http://localism.com/neighbor/realtycj

http://activerain.com/blogs/realtycj

http://portlandeba.activerain.com/

http://www.americanchronicle.com/articles/view/112655

http://www.trulia.com/profile/EBAPortland

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STRENGTH IN NUMBERS

Thu, 28 Jan 2010 13:31:21 -0800

Great tips from Larry Weichman on selling your home in the current market. For more tips on how we can get your home in the Fox Cities and Appleton area sold, call Bob Edwards at (920) 202-2431. You may qualify for the Extended and Expanded Tax Credit, Don't Wait & Lose...Call Today!

Via Weichman Associates- Realtors:

Selling your home in anything other than an active market can seem challenging, but what do you do when yours is only one of many homes in your neighborhood with For Sale signs? Surprisingly, there are actually some advantages to marketing your home in this situation.

More buyers are drawn to neighborhoods where they can preview more homes at once. More buyers means more opportunities for your home to be seen and to attract an offer, so make your listing stand out against your competition.

Price your home aggressively after reviewing the comparable sales figures provided by your real estate representative. Don't give your neighbors the advantage of looking like a bargain compared to your listing - take it yourself and show buyers what a great value you're offering. If you're competing against foreclosure listings, having your home in "move in" condition helps, because foreclosures often need lots of repairs.

With this much activity in the neighborhood, make sure that your home is available for showing on literally a moment's notice. Buyers who come to look at other listings may spot yours and want to see it right away to make comparisons. Be prepared for "impulse" prospects with good housekeeping and an escape plan for unexpected showings.

Finally, don't worry if your neighbor sells first - that just makes for less competition in your market!

Larry Weichman is President and Broker of Costa Mesa-based real estate powerhouse Weichman Realtors. Larry and his highly-trained team of professionals have proudly served Costa Mesa since 1976. For questions about an upcoming sale or purchase, call him directly at 714-241-4532 or email your questions to Larry@TeamWeichman.com. Be sure to visit www.TeamWeichman.com for the latest news and information on the Orange County real estate market.

Fox Cities Real Estate Hotline Blog

The Ultimate Pre-Listing Kit for Home Sellers

The Ultimate Pre-Listing Kit for Home Sellers

Home Buyers. 6 mistakes to avoid as the tax credit deadline approaches

Home Buyers. 6 mistakes to avoid as the tax credit deadline approaches

Think Green...Start a Compost Pile

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Invest a Tax Refund in Your Home: 5 Great $1,000 Projects

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Make Spring Cleaning Less of a Chore: Smarter—and Mostly Greener—Tips

Spring Cleaning Guide

Tips to keep your home safe from burglary

Homeowners Insurance...Do You Have a CLUE?

Your CLUE Insurance Report Matters

It's Blustery in the Fox Cities Valley Today, 8 Ways to Seal Air Leaks

8 Easy Ways to Seal Air Leaks Around the House

This Just In- Survey Identifies Multi-Generational As Trend In Real Estate

See This Now- Home Owners, HouseLogic is For You and FREE

Tips for First Time Home Buyers

It Takes Only 10 to Know… Are You Willing to Change your Search Criteria and Win?

EXTRA EXTRA EXTRA-------This Just In, WHEDA is Back

Without the Granny Knot...Selling or Buying Your Home

What New Homebuyers MUST Know About Getting Pre-APPROVED in 2010 –

Only 81 days left to Say Yes To 4 Questions and Proceed to the $6,500 Tax Credit

8 Tips to Downsizing with Style

6 Simple Steps to Relocating With Ease

Real Estate terms making a comeback in today’s Market

Celebrating 50 Years... Coldwell Banker- The Real Estate Group, Inc.

Top 5 Mistakes Home Sellers Make

Foreclosure Basics - Special incentives for Buyers with this program

Foreclosure Basics - Fannie Mae Specials on the Home Steps Program

Such a DEAL! . . . Maybe It Really Isn't

STRENGTH IN NUMBERS