ANSWER: Price swings are sign of the times. For potential buyers who are waiting to see if home prices come down a little more, that means the wait could well cost you more money in the long run.
Let's look at an example: A home-buyer wants to buy a home that costs $300,000. But the buyer wants a better deal on the home, so he/she delays a transaction until the home is reduced by $10,000. If, in the meantime however, rates were to rise .75% to 6.00% and the buyer financed 90% of the purchase price, the amount of (0 comments)
It's time for a visit to the Farmer's Market located on Monroe's historic square. (Northside) Every Wed. 2-5:30 pm and Sat. 8-1pm. After you fill your bag with wonderful produce, then stop at my office and see about a home to cook up those veggies. Many new listing. From Scott Larson of Towne Square Realty in Monroe, Wisconsin "Your Realtor of the Region" E- Mail scott@greencountyhomeguide.com On the web at www.greencountyhomeguide.com I think you will be surprised how affordable the Dairyland is, so come to my land of cows and plows and visit for a day, but stay for a (3 comments)
Communicate with your Realtor If you have hired an agent hopefully you hired one that you can communicate with effectively. A good Realtor listens to their client and their needs. However, it is also our job to manage your expectations. Alot of sellers think their homes are worth more than they really are and buyers generally always want more than they can afford. Not always but often. Some calls from prospective buyers looking for that dream property encounter the problem that they want to spend much less than what is necessary to get that property. This is where good (3 comments)
Strong pet odor can ruin a showing, so what can you do to avoid this problem? First the bad news: Not all urine stains are removable. The types of damage caused vary according to the urine content. This is determined by the pet's diet, age, sex, and any medications being taken. If it is removable, the following steps may get it out. 1. Blot up the urine as soon as you discover it. Use plain white paper towels to avoid dye transfer. 2. Mix 1/4 teaspoon liquid dishwashing detergent (non-bleach and non-lanolin) in a cup of warm water. Apply this (4 comments)
Becky Robertson May 19 at 12:39pm The sale of our home with Scott Larson was an amazing experience. Before we had even met he had pages of comparative market research done on our home which allowed us to compare our home with others for sale in the area. That was helpful to us as we decided on an asking price for the home. During the first meeting he was also extremely helpful in explaining to us all the details of selling a home. We had sold a home before and yet, after our first meeting with Scott, (0 comments)
Appliance Upgrades Although upgrading appliances requires a somewhat larger initial investment, it can have a big impact on your home's appearance and final sale price. New appliances that match each other, as well as the home's overall style, give a high-end impression that is appealing to buyers. You may also want to consider updating your counter tops to give the entire kitchen a renovated feel. From Scott Larson of Towne Square Realty in Monroe, Wisconsin "Your Realtor of the Region" E- Mail scott@greencountyhomeguide.com On the web at www.greencountyhomeguide.com I think you will be surprised how affordable the Dairyland is, (4 comments)
For first time home buyers let me suggest that you should examine the fixer-upper option -- among others -- to get the affordability you seek. In the past, first-time home buyers were willing to purchase older, more basic houses in an effort to save money and break into homeownership and this continues to be an excellent option It is important for first-time homebuyers to remember that by considering a fixer-upper for their first home purchase, they can build equity over time and later move up and later buy their second home that reflects their dream home expectations Buyers looking for (1 comments)
The "Memorial" in Memorial Day has been ignored by too many of us who are beneficiaries of those who have given the ultimate sacrifice. Often we do not observe the day as it should be, a day where we actively remember our ancestors, our family members, our loved ones, our neighbors, and our friends who have given the ultimate sacrifice: This is how we can honor them by visiting cemeteries and placing flags or flowers on the graves of our fallen heroes. by visiting memorials. by flying the U.S. Flag at half-staff until noon. by flying (2 comments)
Should you Rent or Buy? Relocation. Are you likely to be transferred to another city within the next two years? If you had to sell due to a job transfer, your property would need to appreciate at least 10% to cover the cost of selling; otherwise, you would lose money on the sale. When you buy a home, you should plan to stay put for a while.
From Scott Larson of Towne Square Realty in Monroe, Wisconsin “Your Realtor of the Region” E- Mail scott@greencountyhomeguide.com On the web at www.greencountyhomeguide.com I think you will be surprised how affordable the (1 comments)
The market is at the best levels since rates dropped over a year ago. When all signs, analysts, and economists pointed towards higher rates they did the oppsite and went down. But these rates are not likely to hold for very long.
Sample Rates on 5/24/10
30yr Fixed: 4.625%
15yr Fixed: 4.125%
5yr ARM: 3.625%
7yr ARM: 3.875%
30yr Fixed FHA: 4.625%
15yr Fixed FHA: 4%
5yr ARM FHA: 3.75% From Scott Larson of Towne Square Realty in Monroe, Wisconsin “Your Realtor of the Region” E- Mail (0 comments)
monroe wisconsin realestate: Steps to home ownership
- 05/20/10 08:09 AM
You need to find out what you can afford. The easiest way to do this is to find out what you can afford to pay monthly after you have made your down payment. The best way to do this is to visit a lender and get prequalified for a loan. It won’t cost anything, it will give you a good idea of what you can afford and it saves you time later by not looking at homes you can't afford Keep in mind, however, that you will often qualify for more than what you might wish to spend each month. Think (1 comments)
Choose carefully between points and rate. When picking a mortgage, you usually have the option of paying additional points -- a portion of the interest that you pay at closing -- in exchange for a lower interest rate. If you stay in the house for a long time -- say three to five years or more -- it's usually a better deal to take the points. The lower interest rate will save you more in the long run. Your banker can help you find the right combination that works for your financial needs.
Aim for a home you can really afford. The rule of thumb is that you can buy housing that runs about two-and-one-half times your annual salary. But you'll do better to use one of many calculators available online to get a better handle on how your income, debts, and expenses affect what you can afford. I have links on my web site at www.greencountyhomeguide.com From Scott Larson of Towne Square Realty in Monroe, Wisconsin “Your Realtor of the Region” E- Mail scott@greencountyhomeguide.com On the web at www.greencountyhomeguide.com I think you will be surprised how affordable the Dairyland is, so come (0 comments)
monroe wisconsin realestate: Don't buy if you can't stay put. First-time Homeowners advice.
- 05/12/10 02:42 AM
Don't buy if you can't stay put. If you can't commit to remaining in one place for at least a few years, then owning is probably not for you, at least not yet. With the transaction costs of buying and selling a home, you may end up losing money if you sell any sooner - even in a rising market. When prices are falling, it's an even worse proposition. Make sure you discuss your plans with your Realtor so he or she can give you sound advice on this your biggest life-time purchase. From Scott Larson of Towne Square Realty in (4 comments)