4 Things to Know About Buying or Selling Real Estate in 2020.

Spring is just a couple of months away, and soon the spring real estate market will be in full swing once again. Have you been considering making 2020 the year to downsize, trade up, or buy your first or next home? If so, there are things you can do now to remain competitive in another anticipated, lively real estate season. Continue reading to learn how you can prepare to reach your home buying or selling objectives this year. Thinking about selling? Plan ahead to help reduce your stress, and make the home selling process much easier on you and your… Read More

Conquer 2020. Tips to Achieve your New Year’s Home Resolution.

As 2019 comes to a close, it is a great time to start creating goals for the new year and fresh decade ahead. Your new year’s resolution may include buying your first home, or perhaps selling your existing home to buy your next. Your real estate ambitions may seem overwhelming, but are achievable if you stay organized and keep your finances on track. Here are some advisable tips to put you on a clear path to achieve your home ownership resolutions. Get a head start on your Buying Objectives. Assess your finances and examine your budget. – Determine how much… Read More

4 Considerations to Ease Your Fear of Buying Your First or Next Home in Today’s Market

Mortgage rates are historically low right now. Mortgage rates in Oconomowoc go along with the national level trends. The average 30-year fixed mortgage rate as of October 10 of this year stood at 3.77%, according to Bankrate’s latest survey of the largest mortgage lenders in the country. The highest recorded rate for the same type of loan was 18.44% in October of 1981. Mortgage rates have fluctuated over time as the graph via Freddie Mac shows below, but as you can conclude, rates remain low by historic standards.   Tailored mortgage programs & down payment assistance. Whether you’re buying your… Read More

The hidden costs every buyer should know about buying a home

Besides the purchase price of a home, there are other significant expenses that buyers should be prepared for. From closing costs to expenditures associated with home ownership, here is a breakdown of some of the most common costs to buy and own a home. Closing Costs: Closing costs typically range from 2-5% of the purchase price and are due at the closing of a real estate transaction. To put it in perspective, the closing costs on a $200,000 home could cost from $4,000 to $10,000. These one-time fees may include: Appraisal Fee: Estimated value of a home by a professional…. Read More

Advantages of buying a home versus renting

Home ownership may be more affordable and rewarding than you think! There are many advantages to buying a home and can be a better financial decision in the long run compared to renting. Here are some common advantages when you buy a home. Build equity and credit. When you buy a home, a primary financial benefit is that you are able to build equity and your credit. You can build equity in two ways: when the property value increases and when the amount of debt you owe on your home decreases. Besides home improvements and routine maintenance, property values can… Read More

Is condo living right for you?

Buying a condominium may be a great alternative as opposed to purchasing a home. Maybe you’re retired and wish to travel more; maybe you want to finally buy your own place to break free of renting. Whatever the reason, you should first consider what condo living entails to determine if it’s the best route for you. Here are some common benefits and drawbacks of condo living: BENEFITS: Less maintenance. A major perk of condo living is that most of the chores are done for you such as mowing the lawn, snowplowing, and exterior repairs. This means you can have more… Read More

3 Cost Myths Holding First Time Home Buyers Back

Make your dream of owning a home in Oconomowoc or the Lake Country area a reality!  Here is a list of truths behind the most common misconceptions about purchasing a home. In a recent article, Lew Sichelman, a seasoned writer for Inman who has 50 years of experience writing about housing and mortgages, reported that 38% of renters plan to buy a home in the next two years but myths about costs are holding them back. Here is a list of three  common misconceptions about purchasing a home and the truths behind them. Myth #1: You need flawless credit. Truth:… Read More