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If you are looking for New Berlin WI real estate, Waukesha WI Real Estate or any property in the Milwaukee and Waukesha metro area, finding the best homes is easy; select Hot new listings in the buyer's section. I will email you new listings matching your search criteria helping you beat the competition to the best properties. Whether relocating or just starting your search, this service is an excellent way to learn the local market. When you are ready to buy, you will know exactly what to expect.

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Planning to sell in the near future? Select What is your home worth in the seller's section. With a quick 5 minute walk thru I can establish your current market value and show you what your property should sell for in today's changing market. Or have you been having trouble getting your home sold? Give me a call now and let me show you the marketing systems that have made Shorewest Realtors the number one broker in SE Wisconsin for over 60 years.




 

Wisconsin Real Estate News

Nab a real estate deal - while you still can

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(Money Magazine) -- If you've been holding off on a real estate purchase, glimmers of a turnaround in the housing market may have you wondering if it's finally time to make your move.

While home prices remain low, they're no longer free-falling in most markets. Mortgages are historically cheap. And the sweet tax credit that was offered to new buyers last year has been extended to April 30 and expanded to include current homeowners too.

But for all the motivation to act quickly, buying right now is ...

Tax Credit now includes SELLERS!

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53 Days Remaining to claim your tax credit!

The Home Buyer's Tax Credit was not only extended, it was also expanded.

The original $8,000 first time buyer credit's income levels have been raised  from $75,000 to $125,000 for an individual and from $150,000 to $225,000 for married couples.

Also, current homeowners may be eligible for a new $6,500 credit. Combined with today's low interest rates, now is the perfect time to move-up to the house of your dreams!

Read all the details here ...

New FHA Rules will effect buyers costs!

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In October 2009, Federal Housing Administration announced that its capital reserve fund had fallen below the congressionally mandated level of 2 percent. On January 20, 2010, the FHA announced major changes to ensure its long-term financial soundness. The FHA is trying to balance three fundamental objectives: 1) financial soundness of the FHA insurance fund, 2) fulfilling its mission of serving borrowers not adequately served by the private sector and 3) facilitating the recovery of the housing industry and the over-all economy.

The new changes are a victory for homebuyers because the FHA has carefully balanced the need to make financial reforms with the need to keep the FHA available to a large segment of consumers. This is exemplified by the 3.5 percent minimum down payment requirement and the ability to finance the up-front mortgage insurance premium.

The FHA announced changes in the following areas:

  • The upfront mortgage insurance premium (UFMIP) will increase to 2.25 percent up from 1.75 percent. The FHA will continue to allow the financing of the UFMIP. 
  • Borrowers with a credit score below 580 will be required to have at least a 10 percent down payment. The minimum down payment will remain at 3.5 percent for all other borrowers.
  • The FHA will seek legislative authority to increase the annual premium (currently capped at .55 percent). Over time, increasing the annual premium may allow FHA to reduce the up-front premium.
  • Seller concessions will be reduced to 3 percent from 6 percent.