Monday, July 9, 2012

Preparing Your Seller to Prepare the Home to be Prepared for Showings - Wisconsin REALTORS® Association

Preparing Your Seller to Prepare the Home to be Prepared for Showings - Wisconsin REALTORS® Association

Preparing Your Seller to Prepare the Home to be Prepared for Showings

Part 1: Pets

By: Cori Lamont
PetsLRG
This article was born because of a Facebook posting. A Louisiana friend just reunited with her yellow Labrador Retriever, Emma. Apparently, Emma was let out of the house by an agent conducting a showing, and after a few days, she was returned unharmed and happy. However, Emma’s tale — pun intended — made me begin to wonder: what conversations are agents having with sellers when it comes to preparing their homes for showings?

This conversation has many layers and requires a couple of magazine installments. The first: owners of properties for sale with pets, and the second installment in the July magazine will highlight other concerns, such as protecting the seller’s personal property and the safety of the agent.

The family pet conversation can be a tricky one. For some sellers, the most important quality they look for in any person, including their listing agent, is how they treat the owner’s pet or pets. The appropriate way to address the family pet’s presence in the home during showings and open houses can be a bit like trying to navigate a boat through rock-infested waters at night — a slow, painful process that can leave holes and irreparable damage.

Often agents are equipped to go into a seller’s home and provide direction as to room décor and color, suggesting removal of personal pictures and memorabilia, and packing away extra clutter. There is no quicker barometer to determine the love for the family pet until the agent begins to discuss options regarding the presence of the pet in the home during showings and open houses. Such options during showings and open houses may include: removing the pet from the property, kenneling the pet, placing the pet in a closed-off space, or placing the pet in the enclosed backyard. It is at this time that the agent will fully comprehend what that pet means to that seller and the agent’s appropriate approach.

Per lines 174-182 of the 2008 WB-1 Residential Listing Contract:
OPEN HOUSE AND SHOWING RESPONSIBILITIES: Seller is aware that there is a potential risk of injury, damage and/or theft involving persons attending an “individual showing” or an “open house.” Seller accepts responsibility for preparing the Property to minimize the likelihood of injury, damage and/or loss of personal property. Seller agrees to hold Broker harmless for any losses or liability resulting from personal injury, property damage, or theft occurring during “individual showings” or “open houses” other than those caused by Broker’s negligence or intentional wrongdoing. Seller acknowledges that individual showings and open houses may be conducted by licensees other than Broker …

Listing brokers should review this language with all sellers. According to the terms and conditions of the listing contract, the seller agrees to prepare the property for showings. This obligation would appear to include securing any pets. The listing also states that the seller agrees to hold the broker harmless for any loss or liability resulting from personal injury occurring during individual showings or open houses unless the broker was negligent or there was intentional wrongdoing. Good communication between the listing and showing brokers would indicate if pets are present at the property and if any precautions need to be taken.
Illustrating a positive exchange, the listing agent called the cooperating agent to tell them, “the hamster got loose this morning and the family could not find where Lightning was before they left for work. So I wanted to let you know that the property is not infested with rodents; it’s just a family member on the lam.” In the event the buyers encountered Lightning, they were prepared.

In contrast, while in the kitchen admiring the space, one of the buyers opened the pantry door and out flew Leopold, the seller’s ferret. Luckily, Leopold scampered off without injury; although the buyers did not fare so well. I am told that any time that a buyer opens an unfamiliar cabinet or door, they do so with great caution. The listing agent did not inform the cooperating agent of Leopold’s presence in the home, let alone a penchant for hanging out in the pantry.

The listing agent should clearly express to the seller that the suggestion of removing the pet from the property or placing the pet in a limited space is as much for the pet’s safety as it is for the prospective buyer’s and agent’s. While a seller assures you that their pet is nice and wouldn’t hurt a fly, you should politely remind the seller that not everyone is comfortable around animals and you want to make sure that their pet is safely secured, allowing buyers to focus on the home and not the pet or the buyers’ personal level of discomfort. Also, remind the seller that the buyers may have children, which could add another layer to the safety concerns for the pet.

Tell the seller that this is as much about protecting your dog, cat, ferret, rabbit, snake, hamster, bird or pot-bellied pig as it is the buyer and cooperating agent. The ability of an open house host to monitor the activities of all guests is limited, especially if the agent is attempting to contain a pet throughout the home. I can personally recall watching a listing agent hosting an open house struggle with holding back the dog while watching the cat to ensure that neither of them made a break for the open door. The listing agent may even be able to persuade the seller to remove the pet all together from the home, and if possible, make sure all the pet’s toys, beds and the like are also put away. If a buyer is not a pet person, they may not be open to seeing a litter box right next to the kitchen island.

There is, however, a movement to promote the pet with the home. One staging blogger recently suggested staging the dog with the home. In her personal experience, she wanted to keep the dogs in the home and not locked up for hours in a small kennel. She dressed the dogs in matching sweaters and contained them in the laundry room with a gate. On the gate, she posted s sign with photographs where the dogs communicated their excitement for the prospective buyers to see the home and apologize if they were a little noisy due to the excitement. For more on this go to http://styledstagedsold.blogs.realtor.org/2012/03/26/not-sure-what-to-do-with-the-household-pet-stage-the-dog/.

However the listing agent and seller decide to work the pet into or out of the home during showings, it is important to be candid and genuine about the concern for the safety of the pet, prospective buyer and cooperating agent.

Cori Lamont is Director of Brokerage Regulation and Licensing for the WRA.
Published: June 06, 2012

Some Points About Points

Some Points About Points


Some Points About Points

by Dean Hartman on July 5, 2012 · 0 comments

One of the more frequent topics discussed between loan officers and borrowers center around discount points.
“What are points?”
“Should I pay points?”
“What about NO points?”
And so on…
So today, I decided to give you some information and some things to consider:
  • First, a definition- Discount Points are pre-paid interest that allows a borrower to lower their interest rate on monies borrowed. Because points are prepaid interest and mortgage interest is tax deductible, points are tax deductible in full in the year you pay them when you use the proceeds of the loan to purchase a home. (Consult your accountant for rules concerning points on refinances.)
  • As an example, paying a point (one point is equal to one percent of the loan amount) may lower the rate on your 30 year mortgage .25%. To give some practical numbers to it:
      • On $100,000 loan, one point would be $1000.00.
      • The difference in your monthly payment from a 4% rate to a 3.75% rate on a 30 year fixed rate loan would be $14 ($478 vs $464).
      • Are you better off spending $1000 today to save $14 a month? It will take you nearly 6 years to make your money back. For most, it’s easier to find $14 a month than to save $1000. On the other hand, if you expect to have this loan for 30 years, your $1000 expense will wind up saving you over $5000.

  • Next, talk to your loan officer about ACTUAL prices. The old guideline of 1 point for .25% in rate doesn’t hold true every day or at every price point or at different times of the month or year. Mortgages are bundled together and sold in packages called MBSs (Mortgage Backed Securities). These MBSs often are bought and sold before there are loans to fill them up. A given company may have projected (and committed to deliver) a certain volume of loans at a particular rate. To attract these loans as their deadlines approach, they may offer a “deal”. There are times when a lender can make more money selling a 3.75% Note than a 3.875% Note because of other commitments. Ask your LO the different costs (in points) you would have with different rates. Then, calculate the time needed to recoup the monies.
  • Often, I have advised clients closing toward the end of the year to pay points because they can “get back” a good portion of the cost quickly if they file their tax returns early. The theory is you can spend $1000 and get the benefit of it but, after your refund, maybe you really only spent $750.
  • Many deals today are structured with seller’s concessions wherein the seller (as an inducement to get you to buy their home) offers to pay all or some of your closing costs. At time of contract signing, there is an estimation of what that will be. Whether your contract says a flat dollar amount or a percentage, there is often a few extra dollars available at time of closing. A few days before closing, you should ask your LO for a more accurate number because you may have a few bucks the seller can pay to secure you a lower rate.  If you don’t do it, the seller just walks away with more money than they agreed to.
  • Also, you can pay non-round numbers in points to achieve your objectives.  It is not unusual to see loans today with 1.045 points or.781 points. For the lender, it’s about the yield that arises from the combination of rate and points.
  • Lastly, points can work in reverse. Rather than paying them, you can “create” them for your own use. That is really what a lender-paid closing costs loan is. You pay a higher rate so the lender can then sell that loan for more money. The lender then makes the additional money available to you to spend on closing costs.
Pricing on your mortgage is complicated yet understandable. Take the time to look at it from multiple angles. Use your LO as a resource/advisor. That is where the good ones can add tremendous value. Most people only ask about rate and closing costs. Go deeper to get the real answers.

Thursday, June 28, 2012

What's Happening in Real Estate in the CITY of Milwaukee?



 

What's Happening in Real Estate in the CITY of Milwaukee? WI Realtor,Lisa Bear, Gives You The Real Estate Activity For Milwaukee, WI For the Last 30 Days: Real Estate In Milwaukee County 

 

 

 

A cosmopolitan city that combines Midwest friendliness with sophisticated flair.  Just an hour north of Chicago, Milwaukee is located on the Lake Michigan shoreline.  Milwaukee, offers one of the best downtowns in the MIDWEST and the entire UNITED STATES. There is always something to do from world class museums, thriving performing arts, a variety professional sports action (The Milwaukee Brewers, Milwaukee Wave, Milwaukee Bucks, Milwaukee Mustangs),art galleries or casinos to enjoying a wide selection of ethnic restaurants or world famous festivals


 My name is Lisa Bear of Remax. My market report gives you the real estate activity for Milwaukee, WI  for the last 30 days.
http://www.summerfest.com/


The following MLS information is for the last 30 days from 5/28/12 to 6/28/12. Lisa Bear Gives You The Real Estate Activity For Milwaukee, WI For the Last 30 Days: Real Estate In Milwaukee County, WI



In the Milwaukee, Milwaukee County, Wisconsin Real Estate market 438 homes sold; 120 were listed and sold by the same company, and 318 were sold by co-brokes.

In the Milwaukee, Wisconsin Real Estate market there were 811 new listings.

In the Milwaukee,,Wisconsin Real Estate market there were 411 pending listings.

In theMilwaukee, ,Wisconsin Real Estate market there were 16 withdrawn listings.

In the  Milwaukee, Milwaukee County, Wisconsin Real Estate market there were 0 canceled listings.

In the Milwaukee, ,Wisconsin Real Estate market there were 450 expired listings.

In the Milwaukee,Wisconsin Real Estate market there were 151 back on market listings.

In the Milwaukee, MilwaukeeCounty,Wisconsin Real Estate market there were 432 extended listings.

In the Milwaukee, Wisconsin Real Estate market there are 4095 currently active listings.

 The average price for a home SOLD was $89,931


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Welcome to Wisconsin Real Estate with Lisa Bear

Thank you for visiting.  Please feel free to contact me for any of your real estate needs including an online market if you are a seller, or finding a home if you are a buyer. My real estate focus in the  Waukesha County, Milwaukee County, Lake Country, Jefferson County, Dodge County and Washington County areas.  I have my IRES designation (International Real Estate Specialist) so I can assist you with all your real estate needs in Wisconsin, the USA or anywhere in the WORLD!

When you are seriously looking or just browsing at real estate in Wisconsin, I am a great resource to help you with all your needs and questions, whether a first time home buyer, relocating to or from the beautiful LAKE COUNTRY area, looking to invest or explore foreclosure opportunities or just thinking ahead to the future.

Lisa Bear of RE/MAX (262-893-5555) is an experienced real estate agent in Waukesha County and the entire Milwaukee Metro area including:

The prospering communities of Waukesha County including Delafield, Waukesha, Oconomowoc, Pewaukee, Waukesha, Sussex, Wales, New Berlin, Dousman, North Prairie, Mukwonago, Chenequa, Menomonee Falls, Brookfield, Elm Grove, Okauchee, Eagle, Muskego and Merton.

Great municipalities in Milwaukee County including Milwaukee, South Milwaukee, Wauwatosa, Hales Corners, Greenfield, Glendale, Franklin, Bayside, Brown Deer, Cudahy, Fox Point, Greendale, Shorewood, Oak Creek, St. Francis, West Allis and Whitefish Bay.

The hometown favorites of Washington County, Jefferson County and Dodge County including Watertown, Hartford, West Bend, Germantown, Jackson, Richfield, Ashippun, Lake Mills, Jefferson, Johnson Creek, Slinger and Erin.

Real Estate in Wisconsin is an excellent investment!

  Lisa bear southeastern wisconsin waukesha county lake country lakes
 "HELPING YOU MOVE IN THE RIGHT DIRECTION"

Wednesday, June 27, 2012

Summerfest in Milwaukee - World Largest Musica Festival

Year after year, Summerfest delivers spectacular live music and a festival along Downtown Milwaukee's Lake Michigan Shoreline. This year, the Festival of smiles marks 45 years.



The festival runs June 27- July 1 and July 3-8 at Henry Maier Festival Park.

Over 900,000 music fans from around the world attend this 11 day mega event each year. Summerfest offers music for all tastes, from today's hottest touring acts to emerging artists to favorites of times past. On any with over 700 performances in 11 days on 11 stages.  On any goven day you can enjoy alternative rock, country, blues, R&B, Reggae, Hip Hop and more.  

Summerfest offers fun for the entire family!

General Admission is $16, but there are deals to be had.  Check out www.SUMMERFEST.com for more information on admission deals, event and performance schedules.

ENJOY SUMMERFEST in Milwaukee with a smile! 


Welcome to Wisconsin Real Estate with Lisa Bear

Thank you for visiting.  Please feel free to contact me for any of your real estate needs including an online market if you are a seller, or finding a home if you are a buyer. My real estate focus in the  Waukesha County, Milwaukee County, Lake Country, Jefferson County, Dodge County and Washington County areas.  I have my IRES designation (International Real Estate Specialist) so I can assist you with all your real estate needs in Wisconsin, the USA or anywhere in the WORLD!

When you are seriously looking or just browsing at real estate in Wisconsin, I am a great resource to help you with all your needs and questions, whether a first time home buyer, relocating to or from the beautiful LAKE COUNTRY area, looking to invest or explore foreclosure opportunities or just thinking ahead to the future. 

Lisa Bear of RE/MAX (262-893-5555) is an experienced real estate agent in Waukesha County and the entire Milwaukee Metro area including:

Great municipalities in Milwaukee County including Milwaukee, South Milwaukee, Wauwatosa, Hales Corners, Greenfield, Glendale, Franklin, Bayside, Brown Deer, Cudahy, Fox Point, Greendale, Shorewood, Oak Creek, St. Francis, West Allis and Whitefish Bay. 

The hometown favorites of Washington County, Jefferson County and Dodge County including Watertown, Hartford, West Bend, Germantown, Jackson, Richfield, Ashippun, Lake Mills, Jefferson, Johnson Creek, Slinger and Erin.

Real Estate in Wisconsin is an excellent investment!
  Lisa bear southeastern wisconsin waukesha county lake country lakes
 "HELPING YOU MOVE IN THE RIGHT DIRECTION"
















































Monday, June 25, 2012

Distil: Milwaukee Street’s Newest Hot Spot

Distil: Milwaukee Street’s Newest Hot Spot
By Jeff Beutner
 
It is easy to walk right past Distil, the newest hot spot at 722 N. Milwaukee St., with its simple signage on a narrow, windowless brick faade. But walk in and you will find a long bar, a row of double tables and dark, coppery color tones that nod to the ultimate speak-easy. Distil is the creation of Mike Polaski, the owner of other nearby properties like Carnevor and Umami Moto. Instead of beer, this is the place to order the hard stuff. Try one of the crafted cocktails like the Apt. 137, which blends huckleberry vodka with ginger juice, lemon sorbet and blueberry nectar. The heirloom tomato daiquiri is another mixologist work of art. The food offerings are focused on fine cheeses and cured meats. Try a flight of distinguished blue cheeses followed with lardo and organic prosciutto. Everything is top shelf. Your evening may not be cheap, but it will be memorable.

Welcome to Wisconsin Real Estate with Lisa Bear

Thank you for visiting.  Please feel free to contact me for any of your real estate needs including an online market if you are a seller, or finding a home if you are a buyer. My real estate focus in the  Waukesha County, Milwaukee County, Lake Country, Jefferson County, Dodge County and Washington County areas.  I have my IRES designation (International Real Estate Specialist) so I can assist you with all your real estate needs in Wisconsin, the USA or anywhere in the WORLD!

When you are seriously looking or just browsing at real estate in Wisconsin, I am a great resource to help you with all your needs and questions, whether a first time home buyer, relocating to or from the beautiful LAKE COUNTRY area, looking to invest or explore foreclosure opportunities or just thinking ahead to the future.

Lisa Bear of RE/MAX (262-893-5555) is an experienced real estate agent in Waukesha County and the entire Milwaukee Metro area including:

The prospering communities of Waukesha County including Delafield, Waukesha, Oconomowoc, Pewaukee, Waukesha, Sussex, Wales, New Berlin, Dousman, North Prairie, Mukwonago, Chenequa, Menomonee Falls, Brookfield, Elm Grove, Okauchee, Eagle, Muskego and Merton.

Great municipalities in Milwaukee County including Milwaukee, South Milwaukee, Wauwatosa, Hales Corners, Greenfield, Glendale, Franklin, Bayside, Brown Deer, Cudahy, Fox Point, Greendale, Shorewood, Oak Creek, St. Francis, West Allis and Whitefish Bay.

The hometown favorites of Washington County, Jefferson County and Dodge County including Watertown, Hartford, West Bend, Germantown, Jackson, Richfield, Ashippun, Lake Mills, Jefferson, Johnson Creek, Slinger and Erin.

Real Estate in Wisconsin is an excellent investment!

  Lisa bear southeastern wisconsin waukesha county lake country lakes
 "HELPING YOU MOVE IN THE RIGHT DIRECTION"

Friday, June 22, 2012

A champion is crowned - Miller Park Milwaukee

A champion is crowned

No. 24-seeded Miller Park upends No. 3 AT&T Park in championship

Updated: June 22, 2012, 10:20 PM ET
By Jim Caple
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Battle of the Ballparks Bracket: Miller Park 
ESPN.com IllustrationMiller Park defeated AT&T Park by a sizable margin in the championship.
The electoral college finally makes sense to me.

Our Battle of the Ballparks Bracket is complete, and the upset winner over Camden Yards, Fenway, Wrigley, PNC, AT&T and all the others is Milwaukee's Miller Park. Well, it's an upset winner based on its No. 24 seed. It's not such an upset winner if you've been following the votes over the past week.
That's because the passionate fans of baseball's smallest market overcame the odds by getting out the vote for their favorite stadium. While other fans might have taken their matchups for granted, the Wisconsin electorate was so energized you would have thought we tried to end collective bargaining for beer vendors. Perhaps that's a lesson for the rest of us.
#BattleoftheBallparks
Miller Park's victory is an upset, but it is hardly the equivalent of Adam Sandler winning an Oscar. That would have been the case had Tropicana Field won, but not Miller Park. While it was obviously seeded low, as I've pointed out over the years, almost all the newer stadiums are great places to watch a game. The difference between, say, the 10th-best stadium and the 24th isn't a lot, and often just a matter of personal preference (or tax burden).

No one writes sonnets to Miller Park or refers to it as a lyrical little bandbox, but Milwaukee fans showed that they love their stadium just as much as Red Sox fans love Fenway or Giants fans love AT&T Park. The rest of the nation too often ignores them (though definitely not the commissioner) but Brewers fans love meeting with friends for the greatest tailgate parties in baseball, then going inside to watch their team while savoring bratwursts with stadium sauce or stadium mustard (my favorite), reassured they won't need umbrellas if it's raining (or snowing) but should pack sunscreen in case it's sunny.

So congrats, Milwaukee. Have Bernie do a victory slide or Robin circle the field on his Harley. I would be happy to hand you the winning certificate and throw out the first pitch at a game. I'll be the one wearing the Darth Vader Sausage Trooper costume.

(Oh, and by the way, to once again set the record straight -- I am not from the East Coast. My mother is from Wisconsin, my parents met in Milwaukee, I grew up in the Pacific Northwest, I covered baseball for a decade in the Midwest, I drove to annual tailgate parties with friends at County Stadium, I once ran in the Sausage Race at Miller Park and I now live in the Seattle area. I do not have an East Coast bias nor do I dislike the Brewers. I just happen to think Pittsburgh's PNC Park is best.)

(3) AT&T Park vs. (24) Miller Park






Welcome to Wisconsin Real Estate with Lisa Bear

Thank you for visiting.  Please feel free to contact me for any of your real estate needs including an online market if you are a seller, or finding a home if you are a buyer. My real estate focus in the  Waukesha County, Milwaukee County, Lake Country, Jefferson County, Dodge County and Washington County areas.  I have my IRES designation (International Real Estate Specialist) so I can assist you with all your real estate needs in Wisconsin, the USA or anywhere in the WORLD!

When you are seriously looking or just browsing at real estate in Wisconsin, I am a great resource to help you with all your needs and questions, whether a first time home buyer, relocating to or from the beautiful LAKE COUNTRY area, looking to invest or explore foreclosure opportunities or just thinking ahead to the future.

Lisa Bear of RE/MAX (262-893-5555) is an experienced real estate agent in Waukesha County and the entire Milwaukee Metro area including:

The prospering communities of Waukesha County including Delafield, Waukesha, Oconomowoc, Pewaukee, Waukesha, Sussex, Wales, New Berlin, Dousman, North Prairie, Mukwonago, Chenequa, Menomonee Falls, Brookfield, Elm Grove, Okauchee, Eagle, Muskego and Merton.

Great municipalities in Milwaukee County including Milwaukee, South Milwaukee, Wauwatosa, Hales Corners, Greenfield, Glendale, Franklin, Bayside, Brown Deer, Cudahy, Fox Point, Greendale, Shorewood, Oak Creek, St. Francis, West Allis and Whitefish Bay.

The hometown favorites of Washington County, Jefferson County and Dodge County including Watertown, Hartford, West Bend, Germantown, Jackson, Richfield, Ashippun, Lake Mills, Jefferson, Johnson Creek, Slinger and Erin.

Real Estate in Wisconsin is an excellent investment!

  Lisa bear southeastern wisconsin waukesha county lake country lakes
 "HELPING YOU MOVE IN THE RIGHT DIRECTION"