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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.

Ask me for a free list of distressed properties

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

Forgivable Second Mortgage Loans From the City of Milwaukee

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Forgivable Second Mortgage Loans From the City of Milwaukee Did you know that the City of Milwaukee’s NSP Homebuyer Assistance Program provides forgivable second mortgage loans?

The Program provides forgivable second mortgage loans to income eligible homebuyers for the purchase and rehabilitation of foreclosed properties in the NSP Program Area. The level of assistance is based on income and location of the property purchased.

Additional information on the NSP Homebuyer Assistance Program can be found at Milwaukee Housing Help.org or click here for a flier explaining the program.

Questions can be directed to nspinfo@milwaukee.gov

First-time Homebuyer Tax Credit now $8,000

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Simply put, if you have not owned a home in the last 3 years your government will pay you $8,000 to get one.  But time is running out.  You need to be in your home no later than December 1st.  Combined with the recent market corrections, an abundance of inventory and low interest rates, this may be the opportunity of a lifetime.  

Stop making your landlord rich and start investing in your own future today!  I can help with every stop of the home buying process beginning with your pre-approval.  Give me a call now.

To see the details of the plan, click here or click above for frequently asked questions about the tax credit.

Is it better to wait & see if prices drop more?

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No!  Even if prices drop another 2.5% but rates go up just a 1/4 percent, you loose.

Interest rates on 30 year mortgages are starting to rise. If we look at recent history, we find that when rates bounce off the floor, they rise 'quickly' and 'dramatically'. Since October 2008, rates had fallen a full two points. It is not unreasonable to suggest, looking at this graphic, that rates will return to the October numbers. The government has been artificially keeping rates down for over a year in hopes of stimulating the U.S. housing market. Do they have the appetite to continue while being faced with so many other challenges? If so, do they have the financial resources? Only time will tell. Last month, we suggested that when you are purchasing a home, you look should consider cost over price. Well, your costs are beginning to rise! Interest rates are already up over 1/2 point and there is no certainty as to where the increase will end. Just look at the this graphic to see the effect of higher rates. Now is the time to pick the home of your dreams and commit to its purchase.

 Click on the read article link above to see for yourself.