January 15, 2010 at 02:27 PM · Posted under Glenn Hanon
Wisconsin has generally fared better than the rest of the country due to our more conservative roots when it comes to wild spending and reckless mortgages. However according to a recent report by Realty Trac, Wisconsin has had a bumpier road than what we would expect. Nevada, Arizona & Florida are the top three states with the biggest issue in the foreclosure arena. Our neighbor to the south, Illinois comes in at #9 on the list of states with severe problems and the cheesehead state ranks #19! I was surprised by this factoid. According to the report over 35,000 properties received filings for foreclosure in 2009. That is up 78% over 2008 and 190% over 2007. For the savvy buyer today who buys real estate, the stories around the water cooler in five years will be, “I wish I would have bought in 2010, what was I thinking?” Interest rates are still very low and the inventory is perfect!
Straight from the News Hub desk is this quick video on the housing market. Now is the time to consider buying your home IF you can afford it. Real Estate has always been a very good long term investment. If you are contemplating buying a home now is the perfect time, interest rates are low and the supply is vast. Check the video out for yourself and decide if it is best for you.
November 30, 2009 at 10:15 AM · Posted under Glenn Hanon
Congress did extend the first time homebuyer credit but time is running out. Yes you have until April to secure the right home, but beyond finding the right home, don’t let the low interest rates rise before you have time to act. Here is why a small increase in rates can affect your ability to buy that ‘right’ house. Let’s assume that you have your sights on a home for $200,000. You have 5% down or $10,000 saved up. You have calculated that your mortgage payment is $994.57 for a 4.78% interest rate. If the rates rise slightly to 5.5% your payment has just moved to $1,078.80. If your intention is to keep your payment at $994.57 per month your new purchase price is $185,000! The small increase has just cost you $15,000 in purchasing power which could mean the difference between getting the right house, or not buying at all. So before rates go up, and they will, NOW is the time to be out there finding your next dream home. For more information on how to maximize your purchase in a new market call me toll free at 1-888-HEY GLEN
April 17, 2009 at 02:37 PM · Posted under Glenn Hanon
With the advent of social networking, Twitter, Facebook, YouTube and other sites, advertising Real Estate is quickly changing. I remember, back in the day, when REALTORS® put their picture with the house that they were listing—that was innovative then. But now we can provide so much more information to the public much quicker. And the public demands fast information, that is why I carry my office with me at all times—My Blackberry. Day or night I can be reached 24/7. I remember my grandfather telling me that as a REALTOR® “You spend a lot to make the phone ring, so you had better be there when it does” Sage advice I will say. As you can see from the link above, this is just one way that I advertise homes. This spectacular home in Pabst Farms in Oconomowoc has one of the nicer lots in the development. Situated on a quiet cul-de-sac, this charming 4 bedroom offers many upgrades and quality features like Pella® Architect Series windows throughout. If you have additional questions about the homes that are currently available in Eastlake Village don’t hesitate to call me. For a map of all the hotspots around Pabst, just click on the link. Keep watching this site for more updates about, Village Crossing Condos, Brennan’s and other happenings in and around Oconomowoc.
Glenn Hanon
Congress did extend the first time homebuyer credit but time is running out. Yes you have until April to secure the right home, but beyond finding the right home, don’t let the low interest rates rise before you have time to act. Here is why a small increase in rates can affect your ability to buy that ‘right’ house. Let’s assume that you have your sights on a home for $200,000. You have 5% down or $10,000 saved up. You have calculated that your mortgage payment is $994.57 for a 4.78% interest rate. If the rates rise slightly to 5.5% your payment has just moved to $1,078.80. If your intention is to keep your payment at $994.57 per month your new purchase price is $185,000! The small increase has just cost you $15,000 in purchasing power which could mean the difference between getting the right house, or not buying at all. So before rates go up, and they will, NOW is the time to be out there finding your next dream home. For more information on how to maximize your purchase in a new market call me toll free at 1-888-HEY GLEN
