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Check In for a “Price Check”, Check Out with Savings! Elkhorn, WI (10/11/06)

Youngster's Drive Housing Market Elkhorn, WI (10/4/06)

Planning for Home Maintenance Costs Elkhorn, WI (9/20/06)

Which Renovations Truly Boost Home Value? Elkhorn, WI (9/14/06)

WHY YOU SHOULD TEAM UP WITH A REAL ESTATE AGENT (Elkhorn, WI- 9/6/06)

PROVIDING THE RATE ROUNDUP

HAVE A REAL ESTATE AGENT ON YOUR INVESTING/ BUYING/ SELLING TEAM WHEN IT COMES TO BUILDING WEALTH (Elkhorn, WI- 9/1/06)

COLDWELL BANKER LEITH & ASSOCIATES CELEBRATES COLDWELL BANKER® BRAND’S 100TH ANNIVERSARY -8/26/06

TIPS TO HELP EASE LONG DISTANCE RELOCATION WOES -5/15/06

MOVING WITH KIDS DOESN’T HAVE TO BE A STRUGGLE -5/1/2006

A TAX SHELTER YOU CAN LIVE IN - 4/12/2005

COLDWELL BANKER LEITH & ASSOCIATES EARNS “WEB IMAGE DESIGNATION AWARD” THE FROM COLDWELL BANKER® ORGANIZATION - 4/10/06

THINK SPRING & HOME MAINTENANCE - 3/15/2006

COLDWELL BANKER LEITH & ASSOCIATES WILL PARTICIPATE IN APRIL’S COLDWELL BANKER® INTERNATIONAL OPEN HOUSE MONTH - 3/13/2006

MAKING SURE YOUR HOME SELLS AT THE RIGHT PRICE - 3/1/2006

STEPS TO TAKE BEFORE SELLING YOUR HOME - 2/13/2006

COLDWELL BANKER® LEITH & ASSOCIATES PROVIDE TIPS WHEN CAUGHT IN BETWEEN SELLING AND BUYING A HOME -1/3/06

COLDWELL BANKER® RECOMMENDS USING HOLIDAY SPIRIT TO SELL A HOME -12/22/05

PREPARING YOUR HOME FOR THE HOLIDAYS-12/8/05

HOME PRICING IN SOUTHEAST WISCONSIN -11/10/05

COLDWELL BANKER LEITH & ASSOCIATES, ELKHORN TO HOST TOYS FOR TOTS EVENT -11/1/05

Check In for a “Price Check”, Check Out with Savings! Elkhorn, WI (10/11/06)

Are you a potential buyer who has already been approved for financing by a company other than Coldwell Banker Mortgage? Would you like to know about a no-cost way to find out if you’re getting the right financing program and the best deal? Check into Price Check from Coldwell Banker Mortgage.

Buyers typically look at more than one property before making a decision to buy – shouldn't you look at more than one financing program? Price Check is Coldwell Banker’s way of offering you, the customer, a fast, easy, no-obligation second opinion that could result in significant savings for you as long as you own home.

Price Check is more than just a rate quote from Coldwell Banker Mortgage, it helps ensure that your home financing needs are met in three important ways:

~ Get the Best Price: Getting reassurance of a second opinion with Price Check.

~ Choose the Right Program: Price Check helps make sure you are in the right program, whether it’s an Adjustable Rate, Fixed Rate, 15-year, 30-year or 40-year program.

~ Save Time: We can Price Check your current deal in as little as 20 minutes.

If you’re wondering whether your current financing program is right for you, go to Coldwell Banker Leith & Associates web site at www.BillLeith.com and click on the Coldwell Banker Mortgage banner.

Coldwell Banker Leith & Associates is here to assist you with all your real estate needs. Contact us (262)723-2333, www.BillLeith.com, or 102 N. Wisconsin St., Elkhorn, WI. Each office is independently owned & operated.

Youngster's Drive Housing Market Elkhorn, WI (10/4/06)

Young adults are more likely to buy a home at a younger age than their older brothers and sisters as well as their baby boomer parents, according to research from the National Association of Realtors.

“The next generation of home owners is beginning to exert its influence on the housing market," said NAR President Thomas M. Stevens. "Many younger buyers have seen the wealth-building effects of homeownership in their parents and understand owning a home can be no more burdensome than renting, and in the long-term it’s a good investment."

While married couples are still the norm, they represent a smaller share of the home buying public than they did just 10 years ago, from 70 percent of home buyers in 1995 to 61 percent today, says NAR. During that same time, the proportion of single women buying homes has increased, from 14 percent in 1995 to 21 percent today.

Either way, whatever “category” you may fall in, Coldwell Banker Leith & Associates is here to assist you with finding your new home. Contact the Bill Leith Team for all your real estate needs. (262) 723-2333, www.BillLeith.com, or 102 N. Wisconsin St., Elkhorn, WI. Each office is independently owned & operated.

Planning for Home Maintenance Costs Elkhorn, WI (9/20/06)

You don't think about future maintenance costs when buying a home, but you should. Whether buying an older home or a newly constructed home, equipment can be faulty and costly to repair.

Usually a home's purchase price can be used to project maintenance costs. The recommendations for annual maintenance costs range from 1.5 to 4 percent of the home's original cost. While this is not always true, it is a good rule of thumb for the average home buyer.

Since most home buyers are focusing on making the down payment and not saving for future repairs, a home warranty provides a good back-up plan.

Most home warranties cost between $300-$400 and will cover many major home systems and built-in appliances for one full year after close. A home warranty will either pay to repair or replace a covered item and the homeowner pays a minimal deductible rather than the full cost of repairs. It's an easy way to manage your home's finances and plan for those unexpected repairs.

To learn more about managing home maintenance costs with the Coldwell Banker® Home Protection Plan, contact Coldwell Banker Leith & Associates. The Bill Leith Team is here to help you with all your real estate needs. (262) 723-2333, www.BillLeith.com, or 102 N. Wisconsin St., Elkhorn, Each office is independently owned & operated. – A 2006 Cendant Corporation.

Which Renovations Truly Boost Home Value? Elkhorn, WI (9/14/06)

If you build it, they will come. But will they buy? Renovations can be the determining factor in a sale. Homeowners are spending more than ever on remodeling But, which renovations truly increase the market value of a home, versus those renovations that increase the comfort of a home's inhabitants?

Kitchens and bathrooms tend to top the list for remodeling. Dollar for dollar, you get more return on your investment by updating these two living quarters. Of course, improvements vary based on the individual home. If something, such as a roof, is worn or in shabby condition, it may hurt a sale more so than a fabulous kitchen remodeling will help."

There are other improvements that might increase the marketability of a home, but won't necessarily increase its sale price. Two improvements many homeowners choose to add are upgraded landscaping and swimming pools. Both of these, however, won't necessarily add value and, in some cases, can deter potential buyers. For example, a home buyer will notice the landscaping of the home but the amount the owner actually spent may not matter to the buyer. Also, the value of a pool is measured more in terms of the enjoyment of having one as opposed to measurement of a good return.

In addition to large renovations, interior and exterior painting can dramatically refresh a tired-looking house. New windows, siding and gutters can also help a house sell faster and add to its curb appeal.

Contact Coldwell Banker Leith & Associates to find out how we can help with your real estate needs in this changing market. (262) 723-2333, www.BillLeith.com, or 102 N. Wisconsin St., Elkhorn, Each office is independently owned & operated. – A 2006 Cendant Corporation.

WHY YOU SHOULD TEAM UP WITH A REAL ESTATE AGENT (Elkhorn, WI- 9/6/06)

Many sellers and buyers think they may save commission dollars by not using a real estate agent – by eliminating the “middle man”. And plenty of times say they can gain the "information" they need about a real estate transaction online. However, those that think that may not foresee the challenges ahead and most likely would not have a handle on the pitfalls and dangers of legal problems they can face in the midst of this huge investment. Having a real estate agent on your side will be the needed guide who can assist and even prevent such problems in the property buying & selling process.

All real estate agents are licensed professionals regulated by the state. This means real estate agents have the knowledge needed on various aspects of real estate law, rules and regulations that the average person does not. Such as:

1. What rights exist for land and how they can be traded
2. How title can be held and how to ensure clear title to the land
3. Financing: traditional, non-traditional, owner-held, etc.
4. Fair housing laws: federal, state and local
5. Local limits on the sale and trade of real estate
6. State disclosure laws and regulations on the trade of real estate
7. Contracts and forms

Contact Coldwell Banker Leith & Associates to find out how we can help with your real estate needs in this changing market. (262) 723-2333, www.BillLeith.com, or 102 N. Wisconsin St., Elkhorn, Each office is independently owned & operated. – A 2006 Cendant Corporation.

PROVIDING THE RATE ROUNDUP

Mortgage rates have slightly been trending down as September comes to an end and October begins. A slowing housing market and signs that inflation seems to be leveling off have helped to lower mortgage rates lately and keep them more affordable. The economy is expected to expand at a somewhat slower rate than it did in the first half of the year. This should continue to keep inflation in check and mortgage rates low.

The rate for 30-year, fixed loans averaged 6.4 percent, according to Freddie Mac's latest report. That's down 3/100ths of a percentage point from the previous week.

The 15-year fixed-rate loan was at 6.06 percent, down from 6.11 percent the week before but still a good bit above the 5.37 percent that was being charged just 12 months ago.

One-year adjustable rate mortgages tied to the Treasury index averaged 5.54 percent. That rate, too, was down from 5.6 percent the week before.

Five-year Treasury-indexed hybrid ARMs averaged 6.08 percent, down only slightly from 6.1 percent the week before.

In all cases except the one-year ARM, lenders were charging an average of 0.5 points on top of the quoted interest rate. On one-year ARMs, points averaged 0.8. (A point is 1 percent of the loan amount, and should be included when figuring the true cost of obtaining financing).

Coldwell Banker Leith & Associates is here to assist you with all your real estate needs. Contact us at (262) 723-2333, www.BillLeith.com, or 102 N. Wisconsin St., Elkhorn, WI. Each office is independently owned & operated.

 

HAVE A REAL ESTATE AGENT ON YOUR INVESTING/ BUYING/ SELLING TEAM WHEN IT COMES TO BUILDING WEALTH (Elkhorn, WI- 9/1/06)

There's talk on Capitol Hill of how the real estate industry has a "strangle hold" on the business. It makes one think what do licensed professionals actually bring to the table for consumers? Many sellers would love to get through the transaction themselves, without any help from a "middle man," to save the commission dollars. But every agent has a real estate license regulated by the state. This means they are knowledgeable about various aspects of real estate law, rules and regulations. Most sellers and buyers say they can get plenty of "information" on the internet about the sales transaction. But, they do not have a handle on the pitfalls and dangers of legal problems they can face in the midst of this huge investment. Contact Coldwell Banker Leith & Associates at (262)723-2333, www.BillLeith.com, or 102 N. Wisconsin St., Elkhorn, to find out how we can help with your real estate needs in this changing market. Each office is independently owned & operated. – A 2006 Cendant Corporation.

 

COLDWELL BANKER LEITH & ASSOCIATES CELEBRATES COLDWELL BANKER® BRAND’S 100TH ANNIVERSARY

Elkhorn, WI (August 24, 2006), -- Coldwell Banker® is celebrating its 100th Anniversary in 2006, the 100th anniversary of the brand’s founding. The oldest national real estate organization in the country, Coldwell Banker was founded by San Francisco native Colbert Coldwell from the ashes of the 1906 earthquake. After Benjamin Banker joined as a partner, they helped rebuild San Francisco by attracting businesses and families to the city through the professional, honest real estate transactions they guided. Now, a century later, the Coldwell Banker system boasts more than 3,900 residential and commercial real estate offices and 126,000 sales associates in 29 countries and territories around the globe.

Coldwell Banker Leith & Associates joined the Coldwell Banker organization in January 2000.  Since then, Coldwell Banker Leith & Associates has proudly been serving the Walworth County  and surrounding areas for all its real estate needs.

“We are proud to celebrate the Coldwell Banker brand’s 100th anniversary,” said Bill Leith, Broker/Owner.  “Our company benefits greatly from our affiliation with one of the great names in real estate.”

“Marking 100 years in business is an incredible milestone; it is certainly an achievement of which everyone in the Coldwell Banker system can be very proud,” says Jim Gillespie, president and chief executive officer, Coldwell Banker Real Estate Corporation.  “It is truly satisfying to know that for all these years, Coldwell Banker professionals have been helping families buy and sell homes, and hopefully establish a foundation for security, stability and growth. We like to think we have been helping them achieve the American Dream, and hope for another hundred years of similar success.”  To commemorate the brand’s 100th Anniversary, Gillespie lead Coldwell Banker in ringing the New York Stock Exchange closing bell on August 21, 2006.

Coldwell Banker Leith & Associates, located at 102 N. Wisconsin St., Elkhorn, WI, can be reached at (262) 723-2333 or online at www.BillLeith.com.  Contact Coldwell Banker Leith & Associates for all your real estate needs!

 

TIPS TO HELP EASE LONG DISTANCE RELOCATION WOES

Elkhorn, WI, (May 15, 2006) –Moving can be a complicated process, let alone picking up and moving to another state or cross country.  When it comes time to move, the professionals at Coldwell Banker Leith & Associates recommend the following steps to ensure a smoother and simpler moving process.

First, Get Organized. Prepare a list of key information required before deciding where to live. Information such as cost of living, price of a similar sized home in the new location, what the community is like, crime rates, how the school system is, public transportation system, commuting distance to work, and availability of work for your spouse.

Due Diligence. To learn more about the lifestyle of the new town get a copy of a local newspaper.  The local Chamber of Commerce will also give you a good sense of the area’s personality.

Use the Internet. Web sites such as www.coldwellbanker.com provide visitors with an abundance of useful information. You will find assistance for a Home Price Comparison, as well as, a variety of community information including income, percentages of married couples and children, recent home sales, and a list of schools with demographic information.

Feet on the Street. When the chance arrives to physically visit the new city, look to see how much new construction and remodeling work is taking place. This will tell you how popular the neighborhood is and it’s growth. Remember to see what the social life is like when all have returned from work and school.  Also, strike up a conversation or two with the “locals” near the area you are interested in.

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MOVING WITH KIDS DOESN’T HAVE TO BE A STRUGGLE

Elkhorn, WI, (5/1/06) Moving into a new home is exciting, but can be a struggle for families with children. Coldwell Banker® Leith & Associates has assisted many families with their new home purchase and have the following advice on how to make the moving process smoother and more enjoyable for the entire family.

Talk with your children at the beginning of the new home search. This gives them time to get used to the idea and accept the change. Explain the reasons behind the move and answer questions truthfully.

Listen to what your children say about the move. By paying close attention to their thoughts and reactions, parents can alleviate any fears. Don’t avoid their social concerns; acknowledge them and remind the children about new opportunities that await them.

After finding your new home, explore the new neighborhood for playgrounds, recreation centers, and other important areas with your children to help make the environment seem more familiar.

Arrange for surprises to be waiting at the new house; new games or cuddly friends will keep the kids busy while unpacking and will make the first memory of the new house a pleasant one.

When moving, pack the kids’ rooms last to minimize disruption. The longer they feel secure, the easier the transition will be. Then, set up their new bedrooms first so they feel like they’re back in somewhat familiar surroundings. Do not completely redecorate the kids’ rooms; maintain continuity so the kids feel secure.

Allow the children to participate with decorating ideas for the remainder of the home. By considering input on the room decor, parents will truly make their kids feel like they have contributed to their new home.

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A TAX SHELTER YOU CAN LIVE IN

Elkhorn, WI (April 12, 2005) — The tax benefits of owning a home add up according to the professionals at Coldwell Banker Leith & Associates. Not only can owning a home bring security, privacy and a sense of community, but it also brings major financial advantages.  Coldwell Banker Leith & Associates Broker/Owner, Bill Leith, explains that owning a home, rather than renting, can yield significant savings when tax time rolls around.  Although the following information is provided, it is advised that taxpayers should always seek advice on such matters from a tax professional.
Benefits for taxpayers include:

• Most homeowners can deduct property taxes and interest paid on their mortgage every year of ownership.
• Homeowners can borrow against the equity they build. Equity from a home can be used to improve the property, buy a car or pay for an education, and homeowners may have the ability to deduct the interest from their federal taxes. Renters never have this opportunity.
• Single taxpayers owe no tax on the first $250,000 of profit from the sale of a principal residence. The amount is $500,000 of profit for married couples filing jointly.
• Interest paid on a second mortgage may also be deductible if the total of the first and second mortgages is no greater than $1 million.
• Certain moving expenses may be deductible if the move is job-related and the relocation is 50 or more miles from the previous residence.
• Depending on where you live, certain real estate tax exemptions apply for people who meet specific criteria. Homeowners should check with local tax consultants to see if any exemptions apply to them.

Is there a best time of year to buy a home? If a home is purchased within the first six months of a year there are more months of deductible mortgage interest. Though, in the long run owning a home will still save money on taxes regardless of when it is purchased.

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COLDWELL BANKER LEITH & ASSOCIATES EARNS “WEB IMAGE DESIGNATION AWARD” THE FROM COLDWELL BANKER® ORGANIZATION

Elkhorn, WI 4/10/06 – Coldwell Banker Leith & Associates has earned the new Coldwell Banker® Web Image Designation Award. This designation is awarded to companies who excelled at utilizing the photo features to market homes on www.coldwellbanker.com during the 2005 calendar year.

“The Web is changing the way the consumer looks for a new home and Coldwell Banker Leith has helped make coldwellbanker.com an award-winning and popular Web site,” says Jim Gillespie, president and chief executive officer of Coldwell Banker Real Estate Corporation. “It is critical for real estate professionals to embrace technology and provide the consumer with online resources. Bill Leith and the Coldwell Banker Leith & Associates team have helped give the consumer more access to home features online.

Jim Gillespie, president and chief executive officer of Coldwell Banker Real Estate Corporate, presented Jessica Peterson – Buyer Specialist of Coldwell Banker Leith & Associates, the award at the annual Coldwell Banker International Business Conference, held February 16 – 19, 2006 at the Moscone Center in San Francisco, Calif., birthplace of the Coldwell Banker brand. Peterson, was fortunate to attend this awesome event that brought more than 10,000 Coldwell Banker sales associates, brokers, managers and employees together for an intensive professional development program, awards ceremony, and celebration of the Coldwell Banker 100th Anniversary. General Colin Powell, former secretary of state under President George W. Bush, and former chairman of the Joint Chiefs of Staff under President George H.W. Bush, was the conference's keynote speaker. Cyndi Lauper, known for such hits as "Girls Just Want to Have Fun" and "Time After Time" was the featured entertainer.

Coldwell Banker Leith & Associates located at 102 N. Wisconsin St., Elkhorn, WI, can be reached at (262) 723-2333 or through www.BillLeith.com. Coldwell Banker Leith & Associates has been proudly serving the Walworth County and surrounding areas for 6 years. Contact Coldwell Banker Leith & Associates for all your real estate needs!

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THINK SPRING & HOME MAINTENANCE

Elkhorn, WI (3/15/2006) — Whether considering to sell your home or not, now's the time to do spring maintenance to make sure your home is in tip-top shape.
Walk Around the Outside of Your Home Check for damage caused by Winter. Look for sagging or loose gutters. Check windows, siding, and the roof for water damage or missing shingles. Wash the windows, screens, and windowsills; making any repairs as needed.
Inspect gutters for clogging or damage that accumulated leaves, mud, and debris may have caused. Clear any fallen branches and leaves, prune shrubs and trees, loosen the soil around perennials, and prepare areas for planting annuals.
Turn your outdoor water supply back on. Connect the water hose and check for cracks and leaks. Test the sprinkler system and replace old washers or sprinkler heads. Check over the deck. Hammer in any loose nails, replace broken boards or rails, power wash any dirt and mildew from the wood. Then apply an all-weather sealer or stain. Don’t forget to dust off the patio furniture!
Take A Tour Inside the House Dust walls and ceilings removing cobwebs. Wash grimy areas, clean curtains, deep clean the rugs and carpets, and polish wood or laminate floors. Clean fan blades and light fixtures using mild soapy water. Check the central air-conditioning unit for debris and obstructions. Make sure all exhaust fans and vents are clear as well. Don’t forget to clean out any ashes from the fireplace or wood stove and maybe decorate it with a candle or flower arrangement.
Daylight savings time is a great time to replace batteries in smoke and carbon monoxide detectors.
Lastly, look for clutter. Decide what isn’t needed anymore. Donate these items, have a garage sale, or just trash them.
Some may dread Spring cleaning, but, it will help maintain and enhance your home. Then when ready, call Coldwell Banker Leith & Associates (262)723-2333 at 102 N. Wisconsin St., Elkhorn, for your free CMA.

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COLDWELL BANKER LEITH & ASSOCIATES WILL PARTICIPATE IN APRIL’S COLDWELL BANKER® INTERNATIONAL OPEN HOUSE MONTH

Campaign Kicks Off Spring Home Buying and Selling Season

(Elkhorn, WI, 3/13/06) – Coldwell Banker Leith & Associates will help kick off Spring home buying and selling season by participating in April’s Coldwell Banker® International Open House Month. Coldwell Banker advertising in USA Today and on MSN.com will draw further attention to open houses in Elkhorn and southeast Wisconsin during April.

“Open houses work,” said Bill Leith, Broker/Owner, of Coldwell Banker Leith & Associates.  For newly listed homes and those that need a marketing boost, open houses attract potential buyers in a short amount of time.  Locally, we market open houses through newspapers and internet advertising.  This international Coldwell Banker initiative allows those consumers who list their homes with us in late February, March and into April, the opportunity to receive the added benefit of major advertising raising further awareness for our local open houses.”

Leith pointed out that www.coldwellbanker.com, which in 2005 had 27 million visitors, will contain a list of local open houses being conducted each April weekend.  The site will also contain streaming video content providing consumers with tips on buying and selling homes.  Home sellers can also use a downloadable checklist to help prepare their homes for the open house.  A second checklist enables the buyer to easily compare different homes seen each day. 

“International Open House Month is a great concept,” Leith said.  “Open houses are local events and we support ours fully.  But that added international push adds even more value.  This is another reason why consumers choose full-service real estate companies like Coldwell Banker Leith & Associates.  There is more involved with selling a home than just putting it up for sale.  The home needs to be properly marketed.”

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MAKING SURE YOUR HOME SELLS AT THE RIGHT PRICE

Elkhorn, WI, (3/1/2006) – When thinking about selling a home, establishing a reasonable and profitable listing price is a challenge that every homeowner faces. The professionals at Coldwell Banker® Leith & Associates recommend taking the following steps before settling on an asking figure. Choose the Right Sales Associate. Interview a variety of prospective associates and invite them to show their listing presentations. Pay attention to the marketing plan, find out how many homes they (and their companies) listed and sold in your local market in the past year. Also, inquire about the sales associate’s network of contacts. Finally, the seller should ensure he or she connects with the sales associate’s personality.
Do Your Homework. Work with a real estate sales associate to develop a written comparative market analysis (CMA). This provides a list of recent sales prices of similar area homes (comparable by bedrooms, baths, square footage and lot size) and the prices of homes currently for sale in the neighborhood. Based on the CMA, a sales associate provides his or her professional estimation of a legitimate selling price.
Take the Emotion Out of It. While the seller likely has spent years in the home and takes pride in it, remember, it is the location, condition, and size of the home that will significantly impact the list price.
Is it a Buyer’s or Seller’s Market. Home inventory, mortgage interest rates and the economy play a role in determining whether the buyer or seller has a negotiating advantage. A sales associate will know the inventory levels in the community.
Do the Math. Don’t forget to figure in closing costs, legal fees, and other selling expenses when determining the selling price. The sales associate can provide cost estimates and negotiate with a potential buyer to ensure a good sale price.
Give It the Once Over. The house has only one chance to make a first impression. Touch up paint, fix leaks, seal any cracks, clean, eliminate clutter and rid the home of any pet odors.

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STEPS TO TAKE BEFORE SELLING YOUR HOME

Elkhorn, WI (2/13/2006) —
1. Get pre-approved for a home loan. Before selling, get pre-approved by a lender and research the housing market in the area where you wish to live so you have an idea how much is needed to buy the home you want.
2. Check your mortgage payoff. Contact your current lender for your payoff amount on your current home mortgage. You will need this figure to complete step 6.
3. Determine how much your home is worth. A Comparative Market Analysis will help determine a value for your home. However, you might take a step further and order an appraisal as well.
4. Estimate your costs to sell your home. Figure the real estate commission, attorney, and other professional fees, along with the excise tax for the sale and prorated costs for your share of annual expenses such as property taxes, homeowner association fees, and fuel tank rentals.
5. Estimate costs to buy your next home. Calculate moving expenses, loan costs, a down payment, home inspections, title work & policy, and a new home insurance policy. The lender should give a disclosure of estimated costs when applying for loan pre-approval.
6. Calculate your estimated proceeds. Deduct your mortgage payoff from your home's fair market value. Then deduct the cost to sell from the remainder amount to get the estimated proceeds you will be paid at closing.
7. Make necessary repairs. Anything that is broken or unfinished will give potential buyers a reason to offer you a lower price.
8. Prepare your home to show. Great curb appeal, fresh paint, clean windows & appliances, fresh scents and a clutter-free look are essential if you want the house to appeal to buyers.

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COLDWELL BANKER® LEITH & ASSOCIATES PROVIDE TIPS WHEN CAUGHT IN BETWEEN SELLING AND BUYING A HOME

Elkhorn, WI (1/3/2006) — A homebuyer may want to purchase a home; but, might be hesitant because having yet to sell their existing home. In an ideal world, both transactions would occur simultaneously. However, homebuyers and sellers can get “caught in between” real estate transactions. Coldwell Banker Leith & Associates provide tips about increasing the chances of selling and buying a home at the same time: Buy on contingency: An ideal way to ensure against getting “caught in between” transactions is to have a prior-sale contingency included in the purchase contract on the new home. The contingency provides buyers the opportunity to withdraw from an offer if their current home does not sell by a certain date. Consider whether to buy or sell first: There’s still a possibility of getting “caught in between” even with a prior-sale contingency in the purchase contract. Therefore, homeowners should consider whether it is better to buy or sell first. It is important to note that most people need to sell their current home in order to qualify for a loan to buy their next home. Coordinate a lease from the buyer: Many find the sale of their current home has been finalized but the purchase transaction is not completed for their new home. One way to bridge the gap is to lease their current home from the new owner until it is time to move into their new property. An attorney should draw up a contract or lease agreement. Consider bridge loans: Getting a bridge loan may enable homeowners to move ahead with the purchase of a home, while waiting to sell their current home. A bridge loan means borrowing from the current home’s equity until the proceeds from its sale are obtained. It is best to use bridge loans for overlaps of a few days between closings, or at the most, a few months. Review home equity options: If it is necessary to borrow for a longer time period, the best option is to use home equity. Options include a fixed-rate home equity loan and a home equity line of credit.

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COLDWELL BANKER® RECOMMENDS USING HOLIDAY SPIRIT TO SELL A HOME

PARSIPPANY, N.J. (December 22, 2005) —
The end of the year is not just about holiday shopping, family gatherings and other festive events. According to the National Association of REALTORS®, nearly 1.5 million homes were sold between November 2004 and January 2005, dispelling the myth of a slowdown in home sales during the holiday season. In fact, these three months can be especially crucial for transferees, many of whom need to be in new homes at the start of the new year.
The professionals in the Coldwell Banker® organization offer the following tips to help sellers maximize their home’s charm and allure during the holidays:
Increase Curb Appeal: First impressions are critical. If the home is in a snowy area, make sure to clear the walkways and driveway. Ensure the path to the stairs is free of ice. Put up a few exterior holiday lights and decorations to display seasonal tidings and pride in ownership. Do not overdo the lighting. Keep it tasteful and consistent with the rest of the neighborhood. A holiday welcome mat outside the front door is also a nice touch.
Keep the House Warm and Welcoming: December and January can be very cold, so make sure the home is warm and cozy. If the house has a fireplace, light a fire to bring the room to life and enhance the ambience. Bake holiday cookies and treats to give the home an enticing aroma.
Decorate the Interior: It is important not to overwhelm home shoppers with dramatic displays of holiday cheer, so be conservative with holiday decorations. Decorate to accentuate the house, not to eclipse it. Tasteful decorations will help connect buyers to the home, remind them of pleasant memories and help them imagine their own holiday celebrations there.
Remove the Lock Box: On a more practical note, sellers who are entertaining a lot over the holidays should talk to their real estate sales associate about removing the lock box except during designated appointment times. The multiple listing service information may need to be changed to let sales associates know that there is a temporary showing procedure that requires buyers’ sales associates to call in advance for an appointment. It is best if the house is not shown when entertaining family and friends.

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Preparing Your Home For The Holidays

Elkhorn, WI, (12/8/05) December is here and there's a long list to tackle between now and the holidays—entertaining guests, buying gifts, making cookies, and composing greeting cards. How do you make time for all the cleaning that needs to get done? Actually, maintaining a clean holiday home is easier than you think. The first step?
1. Starting…now, before the seasonal rush. This will relieve stress and give you time for other projects.
2. Make a list and check it twice of all the things that need to be cleaned. Divide chores by room and you'll feel a sense of accomplishment as you check off each item.
3. A little here, a little there – this will get your house sparkling. Dedicate 30 minutes a day to cleaning will yield pleasant results. Set aside a fixed time (e.g., right before bed, after your morning coffee, etc.) to get things in order.
4. Yes, you can take shortcuts if you find yourself needing a quick cleaning fix. Take a couple of shortcuts until you can give rooms a deeper cleaning. Febreeze or Oust your house with a fresh scent. This will lend an immediate impression of cleanliness.
5. Enlist help. You're not the only one enjoying the holidays, so you shouldn't be the only one cleaning either. Divide up chores so your children and spouse can pitch in. Not only will this give you some relief, it will teach them good habits as well.
6. Simplify. Clear the decks. Sometimes it seems easier to clean around unwanted items than to discard them, but this isn't a very effective method in the long run. Reduce clutter with organization. Designate a basket or bin for all mail, newspapers, and car keys. Clear off tabletops and make room for those holiday plates of goodies and gifts.
7. Deck the halls… and other rooms with cheer. Create a welcoming entrance for visitors. Start with a fresh pine wreath at the door, bows in the windows or garland over doorways. Pointsettias add festive color and make great centerpieces.
8. Fill your home with wonderful aroma. Whether it’s baking cookies, burning candles, or potpourri placed in different areas throughout the house.
Last but not least, enjoy the holidays

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HOME PRICING IN SOUTHEAST WISCONSIN

Elkhorn, WI (11/10/05), Housing market conditions are positive and are expected to continue at a healthy rate. Market fundamentals, combined with tight inventories of existing homes available for sale, mean there is solid demand from buyers in comparison with the supply of homes on the market.

Though home prices in most areas have risen faster than income in recent years, a more relevant measure is the mortgage servicing cost relative to income. This implies the local housing market is on solid footing.

Mortgage rates declining to 45 year lows have been a major force in boosting home prices in recent years. Lower rates allow homebuyers obtain a larger loan without necessarily increasing monthly mortgage payments. It in fact implies a capacity for a further rise in home prices. Even in the unlikely event of prices declining by 5%, most homeowners will maintain sizable equity build-up in their homes and the local market is more likely to appreciate at an above normal rate because of the current low mortgage servicing cost.

The biggest factors that drive home prices, in simple terms, comes down to supply and demand. The inventory of homes available for sale has been historically low since 2001, which is why home prices have been rising at above normal rates.

Generally, two conditions are necessary for home prices to soften or decline: an oversupply of homes available for sale, and adverse economic conditions – a weak job market. Sometimes these conditions occur against a backdrop of overall economic weakness, recession or high interest rates. Currently, there are tight supplies of homes available for sale, and labor markets have been improving. In other words the two conditions necessary for price softness do not exist in most of the country.

Should we be concerned that home prices are rising faster than family income? No. There are three components to housing affordability: home prices, income, and financing costs – the latter are historically low. Overall housing affordability remains favorable. The strong underlying demand for homes results from the population growing faster than the supply of homes. In addition, it is highly unlikely that the cost of construction will decline. In fact, construction material shortages are expected to continue and the cost of building and development is trending up.

The forecast is for mortgage interest rates to rise slowly, which will have a minor breaking effect on home sales. The good news is that will help inventory levels to recover and allow the market to come into a closer balance between buyers and sellers. In other words, a general slowing in the rate of price growth can be expected, but in many areas inventory shortages will persist and home prices are likely to continue to rise above the historic norms.

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COLDWELL BANKER LEITH & ASSOCIATES, ELKHORN TO HOST TOYS FOR TOTS EVENT



Elkhorn, WI, 11/1/05 - Coldwell Banker Leith & Associates, Elkhorn, will host its annual Toys For Tots drive November 14th through December 10th. The public is encouraged to donate any new, unwrapped toys for the under privileged children of Southeast Wisconsin. Our office is located across the street from the Matheson Memorial Library at 102 N. Wisconsin St., Elkhorn. Office hours are Monday-Friday 8:30 a.m. – 5 p.m. and Saturdays 9 a.m. – 3 p.m. Everyone is welcome to come and participate!

"This is the 7th year Coldwell Banker Leith & Associates has sponsored such an event and we are delighted to be involved with this worthy cause," said Bill Leith, Broker/Owner at Coldwell Banker Leith & Associates. "With community support, we will again be able to provide many needy children with a memorable holiday experience."

Coldwell Banker Leith & Associates is an official sponsor along with the Marine Corps Reserve Toys for Tots program.


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