Appleton Wisconsin Mortgage & Real Estate Resources: February 2010

Top 7 Questions to Ask Before Buying Your New Home - Kitchen

The Valley Home Builders Association  "VHBA" are opening their doors again this Today through Sunday in the 2010 Winter Wonderland of Homes. The following report will help guide you through some very important questions when making your decision and choosing a builder for you new custom home.

The tour consists of 36 newly constructed homes throughout the Fox Valley...Tickets are just $10/adult and $5/child.

For information, descriptions and a map of the featured properties, visit VHB Online!

Gwenn Tanvas is a Certified Mortgage Planning Specialists who specializes in working with First-Time Home Buyers and Government Programs such as FHA, State and Federal VA and USDA Rural Housing Loans. Visit her website for more information, on-line calculators and a secure on-line application. She is able to assist with transaction throughout the state of Wisconsin. Her offices are located in Appleton, Oshkosh and Green Bay and offers the convenience of one-stop shopping. http://www.WisconsinLoanTips.com or http://www.MortgageProsOfWisconsin.com she can also be reached for comment or to answer questions via email at gwennt@centurytel.net

Via Stanton Homes - Penny Hull New Home Builders - Raleigh NC Area (Stanton Homes - New Homes in Raleigh NC and Surrounding Area):

Wondering how to save money in your new home?

Tips on What's Worth Upgrading - From a Custom Home Builder

Smart home building tips for the Kitchen

This questionnaire will help you determine where to spend your money in the kitchen as you  build - and what you can do differently, later.

New Homes - What to Upgrade in the Kitchen - Money Saving Tips1. Where do you spend your time in the kitchen? Factor in ease-of-use and functionality.

2.  Who hangs there with you? Do you need an island, breakfast bar, or conversation corner? Do the countertops need to incorporate extra width or arches, or will something simple do?

3.  How important is the overall look and feel - layout, cabinets, countertops, flooring, lighting, cooking, sink capacity?

4.  How much traffic flow through capability is necessary?

5.  How much usage will the room get? Do you need the strength of granite, or will a laminate be sufficient?

6.  What's a reasonable cabinetry package for your budget?  Do you need a higher-end wood like cherry or exotics, or will a maple or oak package with lots of extra storage options be better for you? 

7.  Cooking for a crowd? Need two ovens, deep freeze, heavy duty dishwasher?

Some things are more costly than others to change later.  Here's what to focus on:

Layout

The layout is extremely expensive to do all over again. Expanding the kitchen to gain more space involves major renovations that can cost three times more later than during initial construction.

New Homes - What to Upgrade in the Kitchen - Money Saving TipsAdding an island or moving major appliances

Another costly renovation; unless your kitchen has a lot of extra space, an island added later can actually reduce your ability to maneuver.

Deciding the oven would be better in another area means rewiring and restructuring, plus changes to cabinetry (which may not match the originals). 

Major structural changes to a kitchen can be the most costly change in the house.

Adding windows

The ability to add windows or sky lights later can depend on the construction of your home. It's not always possible to put it where you want it, once the home has been completed, due to structural issues. This is one of the things you'll want to get right, the first time.  Not sure?  Talk to your builder about "preframing" a future window. 

Adding lighting

If you're going to want a lot of lights in the ceiling, under the cabinets, or in special areas, this is something you'll pay a lot less for if you have it wired when the house is under construction. Doing it later can involve a lot more time and complexity. 

However, you don't need to spend a lot of money up front on the latest designer lighting fixtures.  If the prewire is in place, you can add many of the fixtures later.

Start simple, with basic lighting.

Putting in a bigger pantry

If you want a big, walk-in pantry, you're going to pay a whole lot less to start right out with that. Unless you're willing to knock out some walls and lose some space later in the adjoining family room, dining room or hallway, there's just no way to add another room in the middle of the house without a lot more work than you're going to want to adjust to.

New Homes - What to Upgrade in the Kitchen - Money Saving TipsCabinets

If you decide on inexpensive cabinets, don't be under the mistaken impression they can be changed out easily later on.

The process can involve much more than the cupboards - including removal of countertops, flooring, trimwork and appliances. Ask your builder how to choose a quality cabinetry that you'll be happy with, without breaking the bank - and start with these tips:

Type of Wood - Consider oak or maple as an alternative to more expensive hickory or cherry choices.  A well-made cabinet can be just as appealing in a variety of different species, at varying costs.  

Glazes and Special Finishes - a glaze can add 15-35% or more to your total cabinetry package.  Consider accent pieces as an alternative if you're on a tight budget. A pair of glass doors or a contrasting accent door hardware can spark up the decor at a lower cost.    

Storage Solutions - Have your builder tell you whether that built-in recycle center or wine rack involves an extra charge. It may be just what you want - but find out what it's costing, just in case.

Countertops

The difference in cost can be huge depending on what kind of countertop you use. Recycled glass countertops may sound economical, but can cost three times as much as granite. Your builder can walk you through the choices, benefits and costs of every option out there, so you know just what you're getting - and paying.

Countertop questions to ask your builder:

What kind of countertops are best for each room?

What would it take to change countertops in a few years?

What are my best ways to save money on countertops?

Will a few changes in design save some money on countertops?

Flooring

Starting with a laminate floor won't break the budget later if you decide to go tile or hardwood. The floor is one of the easier things in the kitchen to change later - and many kinds of flooring can be done with some "do it yourself" skills. 

Appliances

As long as you don't want two ovens instead of one, or a bigger appliance than what you're starting with, changing out appliances is not going to involve ripping apart the entire kitchen. But before you decide to start with the most economical brands available, determine other cost factors such as energy saving and estimated life cycle. 

Ask your builder if you can supply your own appliances - then shop around for the very best pricing. 

Keeping Upgrades in Line

Talk to your builder about your lifestyle, and let him help guide your choices, from layout through amenities.  Ask your builder if they'll let you take a second look at all your choices before making a final decision - sometimes it's easier to decide when you can sit down with the price tag for each feature.

Room-by-room: Smart building choices that help you stay on budget.

Watch for upcoming articles - and learn what's smart to "upgrade" in your new home, while keeping your overall budget in line. 

Kitchen

Bathroom

Master Suite

Bedrooms

Family Room

Entryway

Laundry Room

Garage

Exterior

Energy Savings

Stanton Homes on Facebook - Raleigh New Homes - New Home Raleigh NC        

Finding Your New Home in the Raleigh Area

New Homes Raleigh NC - New Home Raleigh - Raleigh NC New Homes - New Home Raleigh NCStanton Homes makes it easy!  We'll guide you through the entire process - select from thousands of different floor plans, and hundreds of different locations.  New homes from the upper $100s to the $500s. Custom modifications available too!

Call 919-278-8070 or visit www.StantonHomes.com to find out more today.

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Browse New Home Communities, Lots, and Land available throughout the Triangle!

Alamance County New Homes | Apex New Homes | Carrboro New Homes | Cary New Homes | Chapel Hill New Homes | Clayton New Homes | Chatham County New Homes | Fuquay Varina New HomesHolly Springs New Homes | Hillsborough New Homes | Raleigh New Homes |  Wake Forest New Homes
Article copyright Stanton Homes 2010.   Provided for informational purposes only, no claims are made by Stanton Homes regarding the validity of any statements.   Stanton Homes is an NC New Homes Builder.  Please note:  all listing information per MLS, and current as of posting date.  Information subject to change.  Stanton Homes does not make claims to ownership of above lot listings, but can work with homebuyers to purchase lots and build.  Home plans to be approved on an individual basis, subject to neighborhood restrictive covenants and lot restrictions.  Ask for further information regarding any community, lot or floor plan.
Photos represent typical homes and details of each neighborhood, to help highlight different options available in the Raleigh/Triangle area.  No claim of ownership is made to homes or land pictured.  

Gwenn Tanvas is a Certified Mortgage Planning Specialists who specializes in working with First-Time Home Buyers and Government Programs such as FHA, State and Federal VA and USDA Rural Housing Loans. Visit her website for more information, on-line calculators and a secure on-line application. She is able to assist with transaction throughout the state of Wisconsin. Her offices are located in Appleton, Oshkosh and Green Bay and offers the convenience of one-stop shopping. http://www.WisconsinLoanTips.com or http://www.MortgageProsOfWisconsin.com she can also be reached for comment or to answer questions via email at gwennt@centurytel.net

Wisconsin Realtors, Grab Your Opportunity to Get Gwennie's Revolutionary New Property Marketing Technology Tool and it is FREE for the asking!!!! http://www.WisconsinPropertyPromoter.com - Check it out!

New Employee Benefit plan launches in the Fox Valley - Buyers - Sellers receive generous cash back when buying or selling a home through a participating employer - Plus many. many more discounts from participating value partners.... http://www.WisconsinHomeBenefits.com

See This Now- Home Owners, HouseLogic is For You and FREE

This is a great tool for would-be Buyers.

With HouseLogic homeowners can create "My Binder" to help them organize projects, finances, taxes, etc. Users can create To-Do Lists and set project reminders and also give you home improvement advice.

It is one thing to view a virtual tour, but have a place to go and logically review information to make an informed decision on taking the big step into homeownership..... Bravo Bob for sharing this great tool for first-time home buyers.....

Via Fox Cities Real Estate Hotline--- Bob Edwards- Appleton, WI (Coldwell Banker- The Real Estate Group):

See This Now- Home Owners, HouseLogic is For You and FREE


Whether you’re a First Time Home Owner or Experienced Home Owner, HouseLogic is for you. Buying a home is most likely the biggest investment you’ll ever make so you’ll want to take care of your real estate investment. HouseLogic is a wonderful new website from the National Association of Realtors aimed specifically to help home owners make smart decisions.

With HouseLogic homeowners can create "My Binder" to help them organize projects, finances, taxes, etc. Users can create To-Do Lists and set project reminders and also give you home improvement advice.

According to Realtor Magazine Online, HouseLogic is unlike other homeowner websites in that it helps the homeowner view their home through a “financial lens” and help them make smart and informed decisions with the goal of increasing their home’s value and tracking the progress of they’re making on the goals.

This has to be one of the best tools for home owners that I’ve seen, it's readily available, easy to use and free. Try it out and let me know what you think.

And remember if you or someone you know is thinking of buying or selling a home in Appleton or anywhere in the Fox Cities Valley call or text me today, Bob Edwards at (920) 202-2431 or email bedwards@coldwellhomes.com

Gwenn Tanvas is a Certified Mortgage Planning Specialists who specializes in working with First-Time Home Buyers and Government Programs such as FHA, State and Federal VA and USDA Rural Housing Loans. Visit her website for more information, on-line calculators and a secure on-line application. She is able to assist with transaction throughout the state of Wisconsin. Her offices are located in Appleton, Oshkosh and Green Bay and offers the convenience of one-stop shopping. http://www.WisconsinLoanTips.com or http://www.MortgageProsOfWisconsin.com she can also be reached for comment or to answer questions via email at gwennt@centurytel.net

Wisconsin Realtors, Grab Your Opportunity to Get Gwennie's Revolutionary New Property Marketing Technology Tool and it is FREE for the asking!!!! http://www.WisconsinPropertyPromoter.com - Check it out!

New Employee Benefit plan launches in the Fox Valley - Buyers - Sellers receive generous cash back when buying or selling a home through a participating employer - Plus many. many more discounts from participating value partners.... http://www.WisconsinHomeBenefits.com

How Will Technology Change Real Estate Sales & Marketing in the Future?

This is a great post of information from Mike Brown - Mike is a Marketing and public relations specialist. Former Florida area Director of Marketing and Public Relations Pulte Homes, DiVosta Homes, Del Webb, and Minto.

The questions is . . . ARE YOU PREPARED?????

Via Mike Brown (Brown Ltd. Digital Marketing & Public Relations):

My last job in the tech world of IBM (wired) and Motorola (wireless) was future vision marketing manager before I "got off the plane" and applied what I learned about digital marketing and PR in real estate.

We looked out 1 year, 5 years, and 10 years to try and imagine what is possible with wired and wireless technology. Then we would go tell customers about it.

My method involved interviewing patent holding engineers, scientists, marketing gurus, and futurists. 

But one of the most valuable sources I had was from the sales force. They told me what was working and would not work, what customers asked for and expected in the future, and they actually gave me requirements for developing future products and programs.

One of the things I realized early on was that I came up with maybe 20% of the good ideas. The rest came from others. That's where you come in.  I've created a starter list below.  Brainstorm!  Let's create the idea of real estate marketing in the future together!

I would like to do that here, and share it with the Active Rain Community. 

BASELINE

Here's what we know as a baseline for the real estate market today:

- Digital imagery (photos, renderings, visual tours) made a big difference and are here to stay. 
- Social Networking and blogging leaped forward and will continue to grow.
- Email marketing is now full of pictures and is working great.
- Websites are including:
  = Listings
  = IDX integration
  = Property locators
  = Mapping
  = Galleries and Slide Shows
  = Some Facebook and blog integration
  = Some Video (in the early adopter phase and will expand in this next year)
  = Links to sites like Realtor.com, Zillow.com, Trulia.com, local community information like schools and shopping, etc., plus many others.
  = Multiple languages in addition to English (Spanish, French)
- Customer Relationship Management (CRM) Systems (Early Adopters using & winning!)
- Electronic "Video" Billboards (just started)
- Newspapers/Media Company Advertising Media Buys Happening on Google (Early Adopters only)
- Direct Mail
- Radio
- TV
- Signs
- Events
- Telemarketing
- Marketing Measurement Systems to track media buys and campaigns (Early Adopters only)

So here's the question:  What will the future of real estate marketing look like?

CURRENT TO 1 YEAR OUT
- Broker and Builder websites will integrate Social Networking technologies for easy sharing and interaction (Facebook, Google Buzz, Twitter, ShareThis, Digg, Delicious, Live, Stumbleupon, LinkedIn, Blogs, etc.)
- Content Marketing will expand
- Direct Mail will include more Newsletter Postcards (smart marketers)
- Email Marketing will include more news - less hype

1-5 YEARS OUT
The biggest change during this period for real estate pros isn't in the technology.  The biggest change will come from you learning how to learn and adapt quicker.  You're selling brick and mortar; but, you're going to be using tools to do it that evolve quickly.  That means software.  Your customers and companies will demand that you know this new way to interact - forcing you to change.
- Mobile enabled websites for advertising, listings, and sales interaction
  = Images
  = Mapping
  = Video
  = Social Networking between selling organization and customers
  = GPS Enabled Listings
- Customer Relationship Management (CRM) Systems - more pervasive use and will center the effort of database marketing
- Newspaper/Websites and Media Buys Dominated by Google
- Content Marketing will become more layered so a buyer can get just the right amount of information they individually want rather than the seller, broker, or builder dictating the amount.
- Email marketing will add video
- Events will become more creative and integrated with other organizations
- Online & Mobile Chat & Texting
- Online Interactive Contracts & Documentation
- Smart Irrigation. Technology is cheap and easy today. Will become pervasive.
- Marketing Measurement Systems will link directly with CRM
  = Google May Be the Integrator

5-10 YEARS OUT
- Will websites become media rich enough to satisfy a customer enough to buy online?

- Interactive Video Television and/or Web [not sure what the devices will be called at this point - interactive displays?] about Properties. You'll be able to select and "see" the systems work in a house.
- Smart Houses (I don't think the house will sell itself but you'll have to know about  these systems to show them)
- Smart Irrigation Standard
- Exterior and Interior Wired and Wireless integration (Security, Power, Appliances,  Entertainment, Info Systems)
- More Audio (Voice) enabled

Ideas?  What do you think?  Add your comments!

Gwenn Tanvas is a Certified Mortgage Planning Specialists who specializes in working with First-Time Home Buyers and Government Programs such as FHA, State and Federal VA and USDA Rural Housing Loans. Visit her website for more information, on-line calculators and a secure on-line application. She is able to assist with transaction throughout the state of Wisconsin. Her offices are located in Appleton, Oshkosh and Green Bay and offers the convenience of one-stop shopping. http://www.WisconsinLoanTips.com or http://www.MortgageProsOfWisconsin.com she can also be reached for comment or to answer questions via email at gwennt@centurytel.net

Wisconsin Realtors, Grab Your Opportunity to Get Gwennie's Revolutionary New Property Marketing Technology Tool and it is FREE for the asking!!!! http://www.WisconsinPropertyPromoter.com - Check it out!

New Employee Benefit plan launches in the Fox Valley - Buyers - Sellers receive generous cash back when buying or selling a home through a participating employer - Plus many. many more discounts from participating value partners.... http://www.WisconsinHomeBenefits.com

Is this the Home Owner "bailout" everyone is waiting?

Here is an interesting twist to the "Bailout" - Although I am all for supporting the people on main street, it will be interesting to see how the program will roll out and if it will actually help and not hender.....

Thank for the information Tom.......

Via Remax 24/7 Real Estate:

A new article published 2/12/2010 states that mortgage companies need to give incentives to people to stay in they home and not walk away or strategically default.

Upside down property values are leaving nearly 25% of homeowners owing more on their mortgage than the home is worth, and many are getting advised or may find it tempting to walk away even if they are financially able to keep making their mortgage payments.  The idea of this may be easier or less stressful if they “strategic default”  to get out from under the debt completely or to force the servicer’s hand for a loan modification.  It is growing concern within the mortgage industry, and I struggle with this everyday dealing with short sales, as a CDPE, and the communication breakdowns with stressed out sellers.

In the article, the Loan Value Group LLC (LVG), is proposing it is time to pay current borrowers to stay in their homes. The company is introducing a new program this past week to help lenders and servicer identify borrowers at risk of walking away and implement an incentive program in which the homeowner receives a monetary rewards, "bailout", if they stay in the home, remain current on their payments, and do not change the terms of the original mortgage note or reducing principal. The Responsible Homeowner Reward (RH Reward) program was developed on a foundation of behavioral economics and employs patent-pending technology developed by LVG.

According to the Loan Value Group, there are more than 10 million homes in the United States with substantial negative equity, representing nearly $2 trillion of mortgage debt, WOW!

This is not a proposed program the article says it is going to be implemented by a largest investors in consumer and mortgage debt in the United States. The client, who requested anonymity while they roll-out the program, has purchased and sold over $5 billion of debt since 2008. Hum, wonder who that is :)

Well everyone...watch your mail! I know I will!

Until next time,

Tom

Read full article:http://www.dsnews.com/articles/company-proposes-paying-homeowners-not-to-walk-away-2010-02-12

Gwenn Tanvas is a Certified Mortgage Planning Specialists who specializes in working with First-Time Home Buyers and Government Programs such as FHA, State and Federal VA and USDA Rural Housing Loans. Visit her website for more information, on-line calculators and a secure on-line application. She is able to assist with transaction throughout the state of Wisconsin. Her offices are located in Appleton, Oshkosh and Green Bay and offers the convenience of one-stop shopping. http://www.WisconsinLoanTips.com or http://www.MortgageProsOfWisconsin.com she can also be reached for comment or to answer questions via email at gwennt@centurytel.net

Wisconsin Realtors, Grab Your Opportunity to Get Gwennie's Revolutionary New Property Marketing Technology Tool and it is FREE for the asking!!!! http://www.WisconsinPropertyPromoter.com - Check it out!

New Employee Benefit plan launches in the Fox Valley - Buyers - Sellers receive generous cash back when buying or selling a home through a participating employer - Plus many. many more discounts from participating value partners.... http://www.WisconsinHomeBenefits.com

Only 81 days left to Say Yes To 4 Questions and Proceed to the $6,500 Tax Credit

There are just 81 days remaining for Homeowners with the desire to take advantage of a new home tax credit worth up to $6,500. The deadline is creeping up on us. You have until April 30, 2010, to get a deal under way. Is it time for you to get moving?

Before you decide, see if you can answer "yes" to these four questions.

$6500 $8000 tax credit 1. Are you already in the market? - Let's assume you qualify for the tax break. That means you've been in your current home for at least five of the last eight years consecutively, you're purchasing a new principal residence -- not a vacation home -- that costs no more than $800,000, and you meet the income threshold -- $125,000 for individuals and $225,000 for joint filers -- to get the full $6,500 credit.

Keep in mind that the tax credit is yours unless you sell or stop using the home as your principal residence within three years after the date of purchase. Qualified home-buyers have the option to take the tax credit on their 2009 or 2010 income tax returns, so be sure to consult your tax authority so you get the most bang for your buck.

Here are a few things to consider as you contemplate your decision... If you were already planning to move, the tax credit can help you recoup some of those repairs you've been putting off to get your home ready for sale. Another consideration is the desire or need to up size or downsize, to move closer to family or to make room for an aging parent.  

2. Do local market conditions look favorable? - There are three reasons why now is the right time to upgrade your home.  First, interest rates are as low as they've ever been in our lifetime.  Second, prices are very competitive, and you can buy a lot more home today than you could three years ago. And thirdly, the first-time buyer tax credit. Over the course of the last 12 months, first-time buyers are eating up the majority of good inventory due to its affordability. This is great news for sellers!!!  

 3. Can you sell your house in time? - You'll have to in contract on the purchase of the new home by April 30, 2010 and closed by June 30, 2010. If you are active in the US Military, this deadline has been extended for an additional 12 months.  Certainly nobody wishes to be carrying two mortgages, so your best bet is to get your home on the market a.s.a.p. to take advantage of this great tax incentive before time runs out.   Be sure you do your research before taking the plunge. A quick call to a reputable Realtor will provide valuable insight on your market area. If you need a referral, I am happy to point you in the right direction.

4. Can you close the expense gap? - While the tax credit can help offset expenses like home repairs and the seller's commission, $6,500 will only stretch so far. If you are upgrading, keep mindful of your equity position on your existing home and available cash to cover the new down payment.  If you're counting on the tax credit to cushion the higher mortgage cost of your new home, that's a red flag.  The last thing you want to do is over extend yourself just to take advantage of the tax credit. Planning is essential.

While the tax credit can be a financial boost to many homeowners who are ready to buy again, the purchase of a home should never be a tax-based decision. The $6,500 is a treat; a cherry on a sundae.  The sundae is the historically low home prices, substantially low interest rates and sellers willing to bargain.

Remember, the clock is ticking and as of this post, only 81 days left. If you are considering this, DO IT NOW..... We are here to help facilitate the transactions and help successfully market your property.

 Until next time..... make it great Wisconsin - big smile.....

 

Gwenn Tanvas is a Certified Mortgage Planning Specialists who specializes in working with First-Time Home Buyers and Government Programs such as FHA, State and Federal VA and USDA Rural Housing Loans. Visit her website for more information, on-line calculators and a secure on-line application. She is able to assist with transaction throughout the state of Wisconsin. Her offices are located in Appleton, Oshkosh and Green Bay and offers the convenience of one-stop shopping. http://www.WisconsinLoanTips.com or http://www.MortgageProsOfWisconsin.com she can also be reached for comment or to answer questions via email at gwennt@centurytel.net

Wisconsin Realtors, Grab Your Opportunity to Get Gwennie's Revolutionary New Property Marketing Technology Tool and it is FREE for the asking!!!! http://www.WisconsinPropertyPromoter.com - Check it out!

New Employee Benefit plan launches in the Fox Valley - Buyers - Sellers receive generous cash back when buying or selling a home through a participating employer - Plus many. many more discounts from participating value partners.... http://www.WisconsinHomeBenefits.com

What New Homebuyers MUST Know About Getting Pre-APPROVED in 2010 –

Kim & Bill were ready to find their first home.  After making a few quick phone calls, they received an informal pre-qualification to go ahead shop for homes. Their imagination had been working overtime and the picture of their first home was clear in their mind. They could imagine the perfect neighborhood, the most darling little house with the greatest backyard; their new home everything they ever wanted. They invested a couple hundred hours finding their little treasure, spent several hundred dollars on fees and property inspections, took a deep breath, and placed an offer. They had their heart is so set on the home that they began telling their friends the new address, and set a date for their house warming party.


And then the bank calls with this little tidbit of information - We are sorry but your mortgage application has been denied!!!

Kim & Bill could have saved themselves from this heartache if they would have been formally PRE-APPROVED. It is so important to understand the difference between a pre-qualification and a pre-approval... In fact, it is highly recommend you get a written Pre-Approval Letter before you go any further in the home-buying process. 

Let's take a look at the differences . . . 

What is pre-approval?

It's basically a quick-and-dirty look from a lending institution at your creditworthiness. With a pre-approval letter in your hand, you're immediately in a stronger negotiating position with any seller, not to mention the peace of mind knowing that when you get the offer accepted, you are likely to get the keys to your new home...

But be aware that there are two types of "pre" letters:

  • Pre-qualification is an informal agreement between you and your lender. The bank gives their opinion on how much they think they will be able to lend to you based on imortgage preapprovalinformation that you have provided to them. Your bank doesn't do any background check s at this point. It relies solely on you portraying an accurate picture of your circumstances. Pre-qualification is more like a friendly handshake, and once material facts are reviewed, the lender can decide not to give you the loan based upon their review of your official iinformation. This is the mistake Kim & Bill made....  
  • Pre-approval is more serious. The bank will actually check your credit history, employment information, assets, and liabilities. The only thing they won't check is the property that you plan to buy, because, of course, you haven't found it yet! We highly recommend that you get a pre-approval BEFORE you begin physically looking at homes. It will put your mind at ease while you search for your new home and make the entire experience much less worrisome. Beware of lenders who charge for a pre-approval. A reputable mortgage lender is happy to spend time with you to review the process and answer any questions you may have.

Getting pre-qualified simply indicates that you have told a lender your income level and your debt and credit iinformation, and the lender has estimated what you can afford; Opposed to a Pre-approval, which is an in-depth review of your income, assets, debt to income ratios and credit. A Pre-Approval will provide you with peace of mind when making an offer on your new home.

I hope this iinformation has been helpful. If you have any questions about this process, please feel free to give me call or shoot me an email. I am here to assist you and help make your dream of home ownership a reality.....

Buying a home carries certain levels of stress, but financing should not be one of the stresses. Do yourself a favor and spend some time with a Mortgage Planner BEFORE you go looking for that perfect little home.

Gwenn Tanvas is a Certified Mortgage Planning Specialists who specializes in working with First-Time Home Buyers and Government Programs such as FHA, State and Federal VA and USDA Rural Housing Loans. Visit her website for more information, on-line calculators and a secure on-line application. She is able to assist with transaction throughout the state of Wisconsin. Her offices are located in Appleton, Oshkosh and Green Bay and offers the convenience of one-stop shopping. http://www.WisconsinLoanTips.com or http://www.MortgageProsOfWisconsin.com she can also be reached for comment or to answer questions via email at gwennt@centurytel.net

Wisconsin Realtors, Grab Your Opportunity to Get Gwennie's Revolutionary New Property Marketing Technology Tool and it is FREE for the asking!!!! http://www.WisconsinPropertyPromoter.com - Check it out!

New Employee Benefit plan launches in the Fox Valley - Buyers - Sellers receive generous cash back when buying or selling a home through a participating employer - Plus many. many more discounts from participating value partners.... http://www.WisconsinHomeBenefits.com

What New Homebuyers MUST Know About Getting Pre-APPROVED in 2010 –

Kim & Bill could have saved themselves from this heartache if they would have been formally PRE-APPROVED. It is so important to understand the difference between a pre-qualification and a pre-approval... In fact, it is highly recommend you get a written Pre-Approval Letter before you go any further in the home-buying process. 

Let's take a look at the differences . . . 

What is pre-approval?

It's basically a quick-and-dirty look from a lending institution at your creditworthiness. With a pre-approval letter in your hand, you're immediately in a stronger negotiating position with any seller, not to mention the peace of mind knowing that when you get the offer accepted, you are likely to get the keys to your new home...

But be aware that there are two types of "pre" letters:

  • Pre-qualification is an informal agreement between you and your lender. The bank gives their opinion on how much they think they will be able to lend to you based on imortgage preapprovalinformation that you have provided to them. Your bank doesn't do any background check s at this point. It relies solely on you portraying an accurate picture of your circumstances. Pre-qualification is more like a friendly handshake, and once material facts are reviewed, the lender can decide not to give you the loan based upon their review of your official iinformation. This is the mistake Kim & Bill made....  
  • Pre-approval is more serious. The bank will actually check your credit history, employment information, assets, and liabilities. The only thing they won't check is the property that you plan to buy, because, of course, you haven't found it yet! We highly recommend that you get a pre-approval BEFORE you begin physically looking at homes. It will put your mind at ease while you search for your new home and make the entire experience much less worrisome. Beware of lenders who charge for a pre-approval. A reputable mortgage lender is happy to spend time with you to review the process and answer any questions you may have.

Getting pre-qualified simply indicates that you have told a lender your income level and your debt and credit iinformation, and the lender has estimated what you can afford; Opposed to a Pre-approval, which is an in-depth review of your income, assets, debt to income ratios and credit. A Pre-Approval will provide you with peace of mind when making an offer on your new home.

I hope this iinformation has been helpful. If you have any questions about this process, please feel free to give me call or shoot me an email. I am here to assist you and help make your dream of home ownership a reality.....

Buying a home carries certain levels of stress, but financing should not be one of the stresses. Do yourself a favor and spend some time with a Mortgage Planner BEFORE you go looking for that perfect little home.

Gwenn Tanvas is a Certified Mortgage Planning Specialists who specializes in working with First-Time Home Buyers and Government Programs such as FHA, State and Federal VA and USDA Rural Housing Loans. Visit her website for more information, on-line calculators and a secure on-line application. She is able to assist with transaction throughout the state of Wisconsin. Her offices are located in Appleton, Oshkosh and Green Bay and offers the convenience of one-stop shopping. http://www.WisconsinLoanTips.com or http://www.MortgageProsOfWisconsin.com she can also be reached for comment or to answer questions via email at gwennt@centurytel.net

Wisconsin Realtors, Grab Your Opportunity to Get Gwennie's Revolutionary New Property Marketing Technology Tool and it is FREE for the asking!!!! http://www.WisconsinPropertyPromoter.com - Check it out!

New Employee Benefit plan launches in the Fox Valley - Buyers - Sellers receive generous cash back when buying or selling a home through a participating employer - Plus many. many more discounts from participating value partners.... http://www.WisconsinHomeBenefits.com

Buying A Short Sale - 12 Steps you MUST know...

As banks continue to foreclose on homes in Wisconsin, buyers are sure to come across some amazing garage-sale priced homes; but buyers have opportunities to buy homes through a "short sale" before a home goes into foreclosure.

What is a "short sale?" A short sale may be defined as the sale of a home at a price less than the existing mortgage balance; however the ultimate price of a short sale lies in the willingness of the bank to negotiate terms. A Short Sale is a complicated process; and quite a rare occurrence until now.  Without a doubt, short sales transactions are becoming common and will continue to be prevalent over the course of the next year.

It is good advice to consider hiring professional help when you are looking to buy a home.  Look for atips on buying a short sale property Realtor who specializes in distressed properties and specifically certified in the short sale process. A short sale transaction is a specialty field, so you choice of representation should be carefully considered. Be aware of the numerous legal loop holes that can cause the average person could be taken advantage of.

It is very important to realize that the majority of lawyers and real estate agents have little experience with these transactions. In order to be successful, you need to be selective in choosing the professional who will assist you in the process. Keep in mind; the most important consideration is by NOT seeking the expertise of a specialists and going it alone (if not fluent in dealing with pre-foreclosures and bank procedures), you will significantly increase your chance of failure at the bank.

The following 12 steps are a guide, but please consider seeking out the help of a professional who specializes in Foreclosures and Short Sales:

1.  Locate homes which are in default, as early as possible, even possibly before the formal non-judicial foreclosure begins.

2.  Search foreclosed homes with plenty of lead time before the Trustee's Sale (you may need weeks or months of lead time.)

3.  Once you have created a list of such homes, narrow that list to only those homes you would likely purchase for yourself.

4.  Complete an accurate Comparative Market Analysis (CMA) using sold homes with similar features, via a good database such as the local MLS.

5.  Determine the exact mortgage balance and status of default or foreclosure.

6.  Research to find out if there is a second or third mortgage on the house.

7.  Research the possibility of other liens (tax liens, mechanic's liens, labor liens, state liens, etc.)

8.  Determine how best to talk and negotiate with the loss mitigation department of the bank or mortgage holder (email, fax, phone, etc)

9.  Determine whether or not purchasing via the short sale will negate any subordinate loans or liens (another trap for the unwary.)

10. Know which costs and fees in addition to the mortgage balance can be compromised and by how much (experience is the best teacher.)

11. Prepare a comprehensive package to present to the mortgage holder, which is the most critical step in closing a short sale. This should include the Purchase & Sale Agreement, and a thorough analysis of the home, prices, the local market, and justification of your offering price. Your offer must be prepared very professionally or the bank will merely overlook you, without giving your offer a second look. You have to be able to make a case to the bank, as to why they should sell to you at this price.

12. In order to close on a deal in a short sale, you must follow through with all parties involved.

The complexity and difficulty of closing short sales should never be underestimated, even under the best of circumstances. It is hard to find a buyer of foreclosure properties through the short sale process, despite what con artists would like you to believe. You should have some experience before purchasing foreclosure properties; The reckless need to be aware of entrapment.

Buying a foreclosure may be a fast way to lose money if in the process you make major mistakes. On the other hand, because the purchase price is below the current market value of the home, it can be a great way to pick up equity immediately the day of closing. Many people have also come to a dead end with this process after months of frustration.

There are many great people who specialize in the Foreclosure and Short Sale properties. Just please, please do your homework before going it alone. If you are thinking of doing this, please contact me and I will be more than happy to put you in contact with one of my preferred Real Estate Agents that specialize in short sales.

I hope you have found this information helpful, as that is my goal. In closing, if you need help putting together a plan for financing and/or would like to review the various options available to, please feel free to either give me a call, or shoot me an email. I provide this to you as a service and there is never an obligation..... The Sun is shinning . . . Make it a great day....!

Gwenn Tanvas is a Certified Mortgage Planning Specialists who specializes in working with First-Time Home Buyers and Government Programs such as FHA, State and Federal VA and USDA Rural Housing Loans. Visit her website for more information, on-line calculators and a secure on-line application. She is able to assist with transaction throughout the state of Wisconsin. Her offices are located in Appleton, Oshkosh and Green Bay and offers the convenience of one-stop shopping. http://www.WisconsinLoanTips.com or http://www.MortgageProsOfWisconsin.com she can also be reached for comment or to answer questions via email at gwennt@centurytel.net

Wisconsin Realtors, Grab Your Opportunity to Get Gwennie's Revolutionary New Property Marketing Technology Tool and it is FREE for the asking!!!! http://www.WisconsinPropertyPromoter.com - Check it out!

New Employee Benefit plan launches in the Fox Valley - Buyers - Sellers receive generous cash back when buying or selling a home through a participating employer - Plus many. many more discounts from participating value partners.... http://www.WisconsinHomeBenefits.com

Village of Suamico - SHORT SALE - Bank Ready for Offer and Anxious to Settle

I am posting this on behalf of Bonnie Blick of The Property Shop LLC - To Download This Property to Your Phone TEXT "88695" to 79564 This is a great property and bank is very anxious to settle. This is a great opportunity to purchase a real nice home for pennies on the dollar - We have also put together a special financing incentive package that will provide a hugh benefit to the lucky buyer of this awesome property..... Give us a call for more information.....





3043 Big Timber Cr
Green Bay, WI 54313
Village of Suamico

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Bonnie Blick


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Price : $203,000
Bedrooms : 4
Bathrooms : 3
Square Foot : 2,924
Lot Size : 41,817
County : Brown
Property Type : Detached
Year Built : 1988
MLS Number : Village of Suam



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Property Description
Tucked back into a gorgeous hardwood setting and in a much sought after area this home offering over 2900 sq ft of living space is an exceptional value. Huge master suite with private bath and patio doors leading to pool with wrap around decking and covered patio with hot tub. Living room and family room share a 2 way gas fireplace, large kitchen with built-in range, double oven, dishwasher and grill. Inviting entry has beautiful hardwood floor.

This home is only 22 years old and has been updated throughout with bath and kitchen fixtures, flooring, paint, added master suite, lighting. All appliances being included as well as the hot tub. Large attached 2.5 car garage offers plenty of additional storage, partial basement.

You'll love the setting and appreciate the convenience of being located only minutes from Green Bay. Call for any additional information or to schedule a viewing.
Equal Housing Opportunity.
The Property Shop LLC : 445 East Main Street - Wautoma WI 54982 :

Gwenn Tanvas is a Certified Mortgage Planning Specialists who specializes in working with First-Time Home Buyers and Government Programs such as FHA, State and Federal VA and USDA Rural Housing Loans. Visit her website for more information, on-line calculators and a secure on-line application. She is able to assist with transaction throughout the state of Wisconsin. Her offices are located in Appleton, Oshkosh and Green Bay and offers the convenience of one-stop shopping. http://www.WisconsinLoanTips.com or http://www.MortgageProsOfWisconsin.com she can also be reached for comment or to answer questions via email at gwennt@centurytel.net

Wisconsin Realtors, Grab Your Opportunity to Get Gwennie's Revolutionary New Property Marketing Technology Tool and it is FREE for the asking!!!! http://www.WisconsinPropertyPromoter.com - Check it out!

New Employee Benefit plan launches in the Fox Valley - Buyers - Sellers receive generous cash back when buying or selling a home through a participating employer - Plus many. many more discounts from participating value partners.... http://www.WisconsinHomeBenefits.com