New Inspection-Warranty Product Protects Foreclosure Buyers - 05/31/11 01:25 PM
Many of the REO properties in the Milwaukee area are offered with a 2 year home warrenty to owner occupants.  Details of this service vary from property to property, based on the company providing the warranty.  
http://www.linkedin.com/news?actionBar=&articleID=547607836&ids=0Tdz4Scz4MdjkIdzcUdP0SdPgRb3gNcj4Qcj0RdiMUej8UdPcVd3kId3AQdjwVejgR&aag=true&freq=weekly&trk=eml-tod-b-all-44
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Real Estate Sign Post Installation in Milwaukee Area - 05/27/11 12:35 PM
Here is a contractor, who offers Real Estate sign post installation with a discount price for multiple agents from the same office.   
http://aoreo.wordpress.com/2011/05/24/all-over-remodeling-and-real-estate-sign-post-installation/
 
Pricing:Offices with 1-3 Agents registered         $35 per installationOffices with 4 or more Agents registered        $30 per installation
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NSP Program What Exactly is it? - 05/26/11 12:32 PM
I see a number of listings on the market offered only to owner occupants, City, and charitable organizations for the first 14 days, under the NSP program.  Does anyone know of a link showing the rules and regulations regarding this program?  I would like to know what incentives, if any the seller is receiving.  It surprises me to think, we are supposed to be the experts in the field, but we know little about the function, goals, and success of the NSP program.  Other than a local city department, providing down payment assistance to first time home buyers, and news releases … (0 comments)

Who Dropped the Ball? - 05/25/11 05:40 PM
Knock, knock, whose there?  I don't think it is the asset manager.  How many of you have seen this trend?  Submit an offer for an REO property, and wait.  Some offers have taken 6 weeks to receive an answer.  On the average it is taking 2-4 weeks to receive and reply.  Just wanted to know if this is an local problem in the Milwaukee area, or nation wide.  
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Milwaukee Area Real Estate Sign Post Installation - 05/24/11 05:51 PM
Real Estate Sign Post Installation is offered by All Over Real Estate Sign Post Installation for local installation in the Milwaukee area.  Options are available.  
http://aoreo.wordpress.com/2011/05/24/all-over-remodeling-and-real-estate-sign-post-installation/
Serving the Greater Milwaukee Area.Brown Deer,  Cudahy,  Fox Point,  Franklin,  Glendale,  Greendale,  Greenfield,  Hales Corners,  Milwaukee,  Oak Creek,  Shorewood,  South Milwaukee,  Wawautosa,  West Allis, Whitefish Bay,  Brookfield,  Butler,  Delafield,  Elm Grove,  Lannon,  Menomonee Falls,  Muskego,  New Berlin,  Pewaukee,  Sussex,  Waukesha,  St Francis
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REO Clean out and Maintenance Service in Milwaukee - 05/24/11 05:05 PM
Here is a link to All Over Remodeling.  They provide serices to REO Brokers in the Greater Milwaukee area, from property clean out, re-key, lawn care, to painting and rehab.  They also provide Real Estate sign post installation, which is a good thing since most of the prices have gone up in the past few weeks.  
http://aoreo.wordpress.com/2011/05/24/ao-reo-services/
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NAR to hike dues by $40 - 05/22/11 12:26 PM
The National Association of Realtors board of directors has approved a $40-a-year dues increase to boost political activities, despite polls showing members overwhelmingly opposed it, and warnings from local association executives that a dues increase would accelerate membership declines.
Why is it, whenever it comes to political matters, they always tell us they know what is better for us, if we agree or not.  
http://www.inman.com/news/2011/05/16/nar-hike-dues-40
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Real Estate Market 2011 - 05/20/11 12:11 PM
No matter what price range, or location you are searching for a home, condition is still a controlling factor.
 
I divide condition into three major groups, poor, average, and exceptional. This is true for every price range and location.
 
Homes is poor condition make up the majority of the market in the lower price range. Next the average home
s will be priced at market value for the area. Exceptional homes will be at the upper level of the price range.
 
Buyers searching in the lower price range will find the majority of homes in need of varying … (0 comments)

Are you a 2 faced agent? - 05/19/11 10:34 AM
Are you a 2 faced Real Estate Agent armed with 1 promise for buyers, and another for sellers? I see a few of these and I say they are doing more damage to the market then any other factor.
 
This seems to be the battle cry of some agents, "I can sell your house for more money, and quicker than any other agent." And for buyers it is just the opposite, "I can find you a house for less money, and quicker than any other agent."
 
No wander we have so many bewildered buyers and sellers in the market. … (0 comments)

Loans for foreclosed properties. - 05/18/11 06:14 PM
Having worked with Pete and closed a number of projects with him in the Milwaukee area, I am excited to see loans directed at solving some of the problems we have seen creeping into the business over the past few months.  If you are looking at purchasing a forclosed property in the near future, make certain you are working with a Lender and Real Estate Agent with experience in the field.  
 

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The Three Deadly Sins of Real Estate - 05/18/11 02:53 PM
If I were to choose three factors contributing to the slow down of Real Estate sales in 2011, they would have to be government intervention, understaffed asset managers and banks, and statements made by Real Estate Agents.  Government intervention: Many of the problems we see in Real Estate today can be traced back to members of the lending industry either ignoring regulations, or taking advantage of loop holes.  Has the reaction been comprehensive, or has it created new problems we have to learn to deal with today?  Some of the federal grants intended to protect property values in designated areas has … (3 comments)

The Agent Did NOTHING At The Closing Table! - 05/17/11 01:49 PM
Great summary on what happens at the closing.  I remember in our training we were told, "the quality of your work is gauged at the closing table.  A perfect score is acheived when your voice is not heard."   I think this is sort of an inside fact we take for granted.  
Via John & Kasey Boles Boise, Meridian, Ada/Canyon/Gem Counties (Jon Gosche Real Estate, Boise ID):
A few years ago I was reading an article in our local paper.  I don't remember what the exact context of the article was, but I kept a quote from it which I thought was … (2 comments)

Your problem seems obvious - 05/15/11 04:03 PM
I received a showing report on one of my listings.  The agent indicated the property was priced substantially above market value, and also indicated these buyers had viewed over 50 homes during the past 6 months.  I had just checked the market in the area for this listing, which is in better than average condition.  It is priced $25,000 less than the closest competitor, which happens to be a listing offered as a short sale.  The next comparable home in the neighborhood is $35,000 more, also in excellent condition.  On the average this listing is priced $35,000 to $55,000 less than … (4 comments)

 
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Dennis Herman

Dennis Herman

Menomonee Falls, WI

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