Coldwell Banker Success

Real estate company specializing in residential & commercial properties in the Dane Co., Madison, WI area. Free home search. Home buying & home selling services. Realtors in Madison, Fitchburg, Stoughton, Verona, Oregon, Sun Prairie & more.

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Make Time for the 2017 MABA Parade of Homes!

After a long cold Wisconsin winter, most of us can’t wait to get outside once the warm weather returns. But — especially if you’re planning to move or remodel or even just do a little redecorating — there are still some things worth doing indoors.  And one of those things would be attending the 2017 Madison Area Builders Association (MABA) Parade of Homes.

Even if you’ve attended many a Parade over the last couple of decades, you might be surprised to learn that the Parade of Homes got its start way way back in 1952.  

The houses were modest by today’s standards, of course, but pretty typical of the times.  Located on DeVolis Pkwy close to the “outskirts” of town (just south of the Beltline between Verona Road and Seminole Hwy), one home was described as having 2 bedrooms and a den, 1 bathroom, a living room, kitchen, attached one-car garage and an unfinished basement.  As a new development, there were no mature trees to provide shade, wind protection or ambiance in the Crawford Heights neighborhood back then.  

The event has come a long way since those humble beginnings.  This year’s Parade features 33 homes across 7 neighborhoods, with 26 builders represented. All homes are new construction. Some are in brand new neighborhoods, while others are in the later phases of existing neighborhoods.  The sites span several Madison area communities from DeForest, Sun Prairie, Waunakee and Windsor to the north and Stoughton and Oregon to the south.  Fortunately, the Parade runs from June 10th through June 25th, giving you plenty of time to tour each and every one — in one exhausting day… or one neighborhood at a time!

Not all changes are as dramatic as those that have occurred since 1952, but it’s fun to see the differences that have taken place over just the last few years.  A lot of people touring this showcase of homes say the event gives them ideas for possible remodeling projects or new construction of their own.  And it’s certainly useful to see items in a home rather than on a showroom floor.  

The Parade of Homes is also a good way to meet and speak with local builders — while seeing their skill, vision and craftsmanship in real life. Sometimes people are tempted to choose a builder or remodeler based on a recommendation from friends or family, but seeing their work and discussing their philosophies goes a long way toward determining if that person is a right fit for you.  

The Parade is also an opportunity to take a look around not only the Parade neighborhoods, but also the various communities as a whole.  Can you see yourself living there? And if you can’t, don’t worry — most builders will give you a quote on the cost to build that Parade home on a different lot as well.

Other common reasons to go to the MABA Parade of Homes:

You can see the latest trends in home design and decorating.

View new appliance shapes, sizes, colors and features.

Get a more accurate idea of the latest paint colors by seeing them on walls!

Find out new and interesting ways to decorate and accessorize rooms.

Get a good look at everything from flooring and bath fixtures, to countertops, cabinetry and backyard decks, patios and barbecues.

And satisfy your basic curiosity (and nosiness!) about what’s new now.

But keep in mind that just because something is considered popular or trendy, doesn’t make it right for you, your family or your lifestyle.   If you’ve attended past Parades, you’ll know exactly what we mean.  It’s not at all uncommon to make a remark to a friend about how much you dislike some crazy feature of a house, only to hear the group behind you oohing and ahhing about how great that same feature is!  

And remember, you don’t have to be building a new home to get some great ideas.  Touring the Parade is an excellent way to get ideas for updating, upgrading or remodeling your existing home.  And it’s a terrific way to figure out what to put on your house-hunting wish list if looking to buy a new home.

So pick a date, keep an open mind, and go see for yourself!  After all, everyone loves a parade!  

Here’s what you need to know about the 2017 Parade of Homes:

DATES:      June 10 – June 25 (closed Mondays)

TICKET COST:      $15 adult      $5 senior      $5 child      Free for children 5 and under   

HOURS:      Tuesday – Friday:  4 PM to 8 PM                        Saturday & Sunday: 11 AM to 5 PM

BONUS: Your ticket includes a map of all 7 neighborhoods (with driving directions) and an official Planbook where you can take and make notes about things that you like, don’t like, or want to research further.

RELATED:

2017 Madison Area Builders Association (MABA) Parade of Homes

Location of the 1952 Parade of Homes in the Crawford Heights neighborhood

How to Choose the Right Neighborhood

What's Most Important on Your Home Buyer's Wish List?

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Dog Parks in Madison, WI

Yes, it’s true. Madison is going to the dogs. And the dogs are going to the parks! Under a warm February forecast, the local ice rinks are closing for the season, so what better way to spend time outdoors than to take your four‑legged friend out for a stroll? You won’t be alone.

Consider this: Madison’s population is 233,209 as of 2017. That translates to 102,516 occupied homes in Madison. And according to the American Veterinary Medical Association, there is an average of just over 1.5 dogs per each U.S household. So, the question is this — how many dogs are going to the park? The correct answer? A lot.

And when you include the population of Madison’s greater metropolitan area, along with the number of both dogs and dog parks there, well, this is a match made in heaven. Most area residents are aware of Madison’s great reputation when it comes to bikes and bike trails, but just ask one of the many area dog owners and you’ll soon find out that Madison is pretty doggone pet-friendly too.

While the Dane County Farmer’s Market prohibits dogs for many understandable reasons — the crowds, the kids, the food and the pet owner’s control (or lack thereof) — dogs are welcome at many “regular” parks. And of course, there are numerous dog parks created just with dogs and dog owners in mind.

Whether you’re a biker, jogger, dog owner or parent, if you’ve ever been to one of the local Madison area parks, you might assume that dogs are welcome in all of them. Guess what? That wasn’t always the case. Until recently, there were just 12 local parks that allowed dogs on leashes to be on or within 6 feet of paved park paths. In fact, it was just this month (yes, February, 2017) that the Madison City Council created a committee to review an ordinance that would add 14 more parks to this original list.

If you were unaware or confused about this policy, you aren’t alone. The rules were rarely strictly enforced — and over the past 16 months a pilot program did allow dogs on park paths on a trial basis. Dog parents — especially those that have been using these parks unaware, or in spite of, the policy — will be happy to know that 77% of dog owners obeyed the leash laws, resulting in 84% of park users surveyed indicating their support of making the additional parks official.

These parks are great for taking a nice walk with Fido — and the dogs you pass look pretty content. But for real doggy fun, there are plenty of actual dog parks where dogs can run free, chase balls, catch freebees and sniff out a few new friends. In fact, with 8 dog parks right here in Madison, the city ranks 4th in the country for the number of dog parks per resident. And that doesn’t even count those in the neighboring communities. Just so you know, you’ll need both a dog license and a dog park permit to enjoy a day at the dog park with your furry friend. Check out the details here: Madison’s Dog Off-Leash Parks

So, if you have a dog — or 2 or 3 — here are a few places where you both just might feel right at home. Dog lovers are a special breed and you’re both sure to make a few new friends. Just don’t forget to pick up anything your dog may have left behind.

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Events in the Madison, Wisconsin area for May 2017

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To Buy or Not to Buy — That is the Question

Renting is a way of life for many of our nation’s twenty-somethings.  It stands to reason that their first “real” jobs and apartments go hand in hand — representing not only a taste of freedom but responsibility as well.  For some people, that’s enough, but for others, the idea of owning their own home is the real American dream.  

What do you need to know?  And how do you decide if the time is right?

Those who are content to curl up in their apartment on their couch in front of March Madness, surrounded by a dozen buddies and armed with couple cases of beer and the closest pizza place on speed dial, can stop reading now.  But if you’re at all tempted by the idea of hosting this shindig in the spacious family room of your own home next year, well, keep reading – even if you’re still in the thinking stage.

When it comes to buying a house, there are dreamers — who’d like a home someday but maybe aren’t motivated to make a move now, just aren’t ready yet, or think they can’t afford it.  Then there are the planners, who have thought long and hard about the when, where, why and how of home-ownership.  These are often the people with 5-year plans that move them from graduation to marriage to starting a family — and finally buying a home of their own.  And of course, there are the doers.  Whether it’s always been in the back of their minds or the idea just popped up, once the idea of buying a house takes hold, they take action. Now.

 No matter which of these groups you fall into — or even if you’re in a category of your own — here are the top reasons most people choose to buy a house and leave renting behind.  Where do you fit in?

 Put a stop to renting.

There often comes a time when people ask themselves, “Why should I keep paying rent when I could be putting this monthly payment toward owning something?” And it’s a good question indeed.  Especially in the Madison area where newer apartments in desirable areas command top dollar in rents.  Maybe it’s time to make a move — and stop throwing your money away.

 Building equity.

Owning your own home means building equity.  Those monthly payments mean something. Not only do they go toward paying off your mortgage, but that money provides you the leverage to get a home equity loan if you need it.   And that loan can be used toward anything from home improvements to other personal or business needs — even medical bills.

 Security.

If you make your mortgage payment every month, home ownership means never worrying about the uncertainties associated with renting.  No one is going to buy the building and raise rents — or worse yet, tear it down or make it into condos.

 Freedom to make the place your own.

Most rental properties have rules dictating everything from the number of people who can live there, to paint colors and nail holes, noise levels, and sometimes even specific laundry hours or the hanging of wind chimes!  In your own home, you’re free to decorate — and live — however you want.

Own a pet.

Some apartments prohibit pets. Others charge extra to have a dog or cat.  And of course, there’s the issue of sharing a small space with your four-legged friend.   A house will give you the freedom to own a pet, large or small, with a yard for dogs to run and play — and all that other stuff that dogs like to do outside.

 Privacy.

When you own a home, you should never need to let your landlord in to check on things or show your place to future renters.  You don’t have to worry about noisy neighbors hosting loud parties.  Or nosy neighbors watching your every move.

 Pride of ownership.

Some people think of it as a rite of passage.  Owning a home is an achievement, an investment, a responsibility and something to be proud of.

 Being part of a neighborhood.

In college, apartment buildings tend to be an extension of dorm life.  Residents often gather in communal areas, hang out in the fitness rooms, meet new friends over a load of wash and even leave their doors wide open.  But apartment buildings that cater to the post-college crowd tend to be more private. In fact, some people go days without seeing their neighbors at all.

Conversely, homes are part of a neighborhood.  And that usually means, other kids for your children to play with.  It means seeing people outside working in their yards or walking their dogs or riding their bikes. People grilling out and getting their mail. People watching out for each other.  Many neighborhoods have neighborhood associations and other groups to get involved with.  You might need to loan out your snow blower now and then but there’s always someone around to loan you a cup of sugar.

RELATED:

How to Choose the Right Neighborhood 6 Tips to Avoid Making Home Buyer Mistakes Why Rent—When it Might be Cheaper to Buy?

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10 Tips to Get You Started Downsizing

There are a lot of reasons why downsizing — when you’re still able to do it yourself — is a good idea. Don’t think of it as throwing away your memories — think of it as a way to free yourself of clutter!

Where do you want to move? Condo, smaller house, with family...

What’s most important? Remember your DOWNSIZING ;)

How do you get started: What can you live WITHOUT? Does it work with your new place’s layout?

Take a look around your current house & start making a list of items that your going to keep. 

Do a little at a time so you don’t get overwhelmed.

Give back to your kids or other family members.

And then give them some more... 

Sorting it out. Tag with Toss, Save or Maybe

What do you do with what’s left?  Go to your Toss area, anything valuable enough to sell or donate?

Enjoy a job well done!

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How to Choose the Right Neighborhood

In real estate, they say that it’s all about location, location, location. And there’s definitely some truth to that. A house is much more than the four walls that hold it together. In fact, your dream home may be nothing but an ordinary house if it were located somewhere else.

…your dream home may be nothing but an ordinary house if it were located somewhere else.

The Madison Area Builders Association’s Annual Parade of Homes is a good example. If you’ve ever taken the tour, you’ve probably noticed a sign or brochure (usually on the kitchen counter) stating that the house can be built “on your lot” for a specified price. But would it be the same?

The answer is unequivocally, no. To be clear, we’re not saying that this house wouldn’t be as nice if it were located somewhere else. Only that it would be different. The truth is, you might like the Parade house even more at a site of your own choosing — because it would incorporate not only the basic elements of the house, but everything that surrounds it as well. That means the setting — and the neighborhood.

We can’t say it enough. Whether you’re buying or building, it’s all about the neighborhood, neighborhood, neighborhood. So how on earth do you know which one to choose?

Start with Your Realtor

Real estate agents have experience working with various neighborhoods all the time. They know the amenities. They can tell you the school district. They’re familiar with the crime reports, bike trails and nearby parks. Most of all, they know the neighborhood “vibe.”

What’s Most Important to You?

It’s easy to find out which neighborhoods are the trendiest. Just look at the ones getting their asking price (or more) with the fewest days on the market. But while a trendy neighborhood may be popular with the masses, that doesn’t mean it’s right for you — for a variety of reasons. The price might be more than you can afford. Maybe it’s too far from work. Or these homes could be too old — or too new — to suit your tastes.

Is There a Sense of Community?

Find out if there’s a homeowner’s association. What about a men’s or women’s club? Meeting your new neighbors and getting involved are great ways to get acclimated to your new home.

Is the Neighborhood Kid-Friendly?

If you have children, you might want to know if there’s a neighborhood park. Parks are great gathering places for moms and dads as well as the little ones. Parents can meet other parents while the kids play. A school within walking distance is a great perk, but bus information could be important too. If they’ll be riding a bus, how close is the stop? How long is the ride? If your child is a first-grader, will he or she be riding with high-schoolers?

What About Safety?

Have there been any recent crimes in the neighborhood? Any burglaries or known drug or gang activity? How close is this neighborhood to other less safe areas?

Safety isn’t all about crime. Are there busy streets to cross? Bike paths? Unfinished construction? Train tracks, steep hills or fast-moving streams that could be dangerous for kids?

Is the Neighborhood Attractive?

Keep in mind that when it comes to homes — and neighborhoods — beauty is in the eye of the beholder. Do you like mature trees or would you prefer not to rake? Are you attracted to brand new construction or homes with “character?” How big are the yards? Do multiple cars and toys clutter the streets and driveways? Are the yards nicely landscaped and the homes well-maintained?

Resident Age Range

The best neighborhoods may be those with residents that span the generations. But it’s also a good idea to be aware of the typical age. For instance, neighborhoods that were once teaming with young kids may have “aged out” of the kid zone once those toddlers headed off to college making them perfect for other empty-nesters, but not the best choice for young parents.

Consider Affordability

All the other items on your wish list become irrelevant if you can’t afford a house in the neighborhood. Talk to your realtor about the price range of homes in various areas and find out in advance the loan amount you qualify for. Then limit your search to neighborhoods you can afford.

Consider the proximity to places you frequent. Is the neighborhood convenient to work, church, grocery stores, restaurants, your family and your friends?

The Bottom Line?

Find out all you can about possible neighborhoods before you make any offers. Talk to your realtor. Search online for more information about the areas you may be interested in. Drive through the neighborhood at various times of the day to see if there are any red flags such as more traffic after school or at rush hour, late night parties, train whistles, and local bar or restaurant parking or noise. And finally, consider talking to the people who live there. Park your car and take a stroll. If there are walkers or people working in their yards, stop and ask them what they like most about the neighborhood.

Careful consideration and a little homework will help you choose the neighborhood that’s best for you. If chosen wisely, your new neighborhood may be all it takes to turn a nice house into the home of your dreams.

RELATED:

CB Success Mobile Home Search App

City of Madison: Neighborhood Associations

City of Madison: Interactive Map to Check if a Property is in a Neighborhood Association

New or Relocating to Madison? Get to Know Our People, Places & Things

Living in a Dementia-Friendly City

Why Fitchburg is a Bicycle-Friendly Community

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5 Reasons & Tips to Make Your House Safe for Holiday Guests

The holidays are upon us and many of us will be hosting family or friends at our house this season. But in the midst of all the planning and anticipation that goes into entertaining, there’s one thing that’s easy to forget—making your house safe for your visitors.

Safe? Well, of course my house is safe, you may say! And overall, this may be true. Sort of. But shoveling the front walk and using antibacterial spray to clean your kitchen isn’t enough. You need to take a good look around and prepare your home to meet the needs of the guests that will be stopping by.

When you live in your house day in and day out it’s easy to overlook the things around you. But there are several reasons why you may need to do a little safety-tweaking at home! 

Keep reading

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Autumn Safety Tips

Summer safety is all about the heat.  Winter safety surrounds issues of ice, snow and cold.  But autumn?  What could possibly be a concern for us in the cool, crisp, beautiful days of autumn?

It starts with driving.  There are several things you need to watch out for when driving in the fall, especially for newer drivers and seniors.  With kids back in school, you need to slow down in school zones and watch out for school buses.  When a bus is stopped with lights flashing or the bus’s “STOP” sign is extended, drivers must stop a certain distance behind the bus.  Remember—it’s against the law to pass a bus.

Another reason to drive carefully

Keep reading

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Reposting this blog for seasonal safety reminders.

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2016 University of Wisconsin Football Schedule

Game Day Planner

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Badger Game Day Planner

UW FOOTBALL SCHEDULE

Ahh... football Saturday in Madison.  You can already hear the strains of Build Me Up Buttercup, Sweet Caroline and Jump Around mingling with the roar of Badger fans — all decked out in red and white — from Camp Randall. It can’t be beat!

GAME DAY MORNING...

How about starting the game day with a coffee or breakfast at one of Madison’s hometown restaurants? Get your favorite latte or black coffee along with a scone, muffin or morning bun at the popular Colectivo Coffee (on Monroe St., State St. or the Square) or one of the Barrique’s locations around town. Or check out Moka, Indie Coffee, Café Zoma, Michelangelo’s, Lazy Jane’s, Ancora Coffee, EVP or one of the many locations of Starbucks. And who could pass up a coffee shop called Chocolaterian Cafe?

If you’re hungry for more than just a pastry, head to Mickies Dairy Bar on Monroe St. by Camp Randall. But beware — this delicious diner is both popular and tiny. Be prepared to wait — but it’s worth it! Other yummy Madison favorites are Marigold Kitchen, Short Stack Eatery, Bassett St. Brunch Club, Monty’s Blue Plate and The Original Pancake House. A word to the wise — fill up before you hit a Badger tailgate!

Still hungry? Or feeling healthy? Why not take in the Dane County Farmer’s Market? Filling the “Square” around the state capitol, you’ll find everything from fruits and vegetables to pastries and plants. Cheese, pastas and jams are also popular — and fall is a great time to bite into a crispy locally grown Wisconsin apple.

TAILGATE TIME!

Why not attend a Badger Huddle or Badgerville Pre-Game tailgate outside Camp Randall? Beer, wine, soda, water or Bloody Marys in red Solo cups provide the perfect accompaniment to the ever-popular chips and dip, cheese and crackers (gotta have cheese in Wisconsin!) and fancier appetizers. Grill your own brat or burger, buy them at a street stand or wait to get your “entre” in the stadium.

THE GAME!

If you don’t have a ticket — or it’s an away game and you don’t have cable/satellite TV — head out to one of the local sports bars, Union South or even Rocky’s to watch the game with fellow fans.

What’s your game day plan look like? Share it with us!

Madison area “eateries & drinkeries”

Start the day off with one of these Madison favorites...

Ancora Coffee 

Barrique’s 

Café Zoma 

Chocolaterian Cafe 

Colectivo Coffee 

Dane County Farmer’s Market

EVP 

Lazy Jane’s 

Indie Coffee 

Michelangelo’s 

Moka 

Starbucks 

For more than just a pastry, check out these popular eateries...

Bassett St. Brunch Club 

Marigold Kitchen 

Mickies Dairy Bar 

Monty’s Blue Plate Diner 

Short Stack Eatery 

The Original Pancake House 

Tailgating and viewing the game hot spots...

Badger Huddle 

Badgerville 

Rocky Rococo

Union South 

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August is a Good Time to Make Your Move

Many people think that spring and summer are the best times to buy a house. And they are great — flowers in bloom and a long summer ahead to enjoy a season full of backyard cookouts. But that’s not the only good time to make a move. Don’t forget about the fall.

After all, thousands of UW students can’t be wrong! Moving Day in Madison, Wisconsin is epic — with a proverbial musical chairs of apartment-hopping in mid-month, leaving students just enough time to get settled before school starts.

But you don’t have to be starting school to make a move in the fall. In fact, it may just be the perfect time to buy a new house.  Here’s why.

Sellers want to sell.

Of course, people with houses on the market any time of year are hoping to sell them. But when fall rolls around, sellers are serious about selling. Many people choose to list in the spring when the house and yard look great and they have a solid few months of good weather to entice buyers to buy. But buyers that decide to list in the fall? Or sellers that still have their homes on the market by fall? They’re more likely to be motivated to sell. With winter just a few months off, you may be able to negotiate a good price and flexible terms.

Lower prices.

The real estate market tends to slow down as autumn takes hold. And that could mean getting a better price for that house of your dreams. Houses that have been on the market for a while now, or sellers that have their own accepted offer on a new house, or need to move for a job are likely to be more willing to accept an offer below asking price.

There’s less competition.

For the same reasons that sellers like to list in the spring and summer, buyers like to buy then, too. Especially buyers with families. Once school is back in session, parents often prefer not to uproot the kids from their schools and neighborhoods and friends. Never mind juggling all the after-school activities. So that leaves you less competition for those houses that are on the market.

Closing dates may be more flexible.

Motivated sellers are more apt to work with interested buyers to ensure that the deal goes through.

Home sweet home for the holidays.

Most buyers want to be settled in their new home in time for the holidays. Luckily for buyers, most sellers feel exactly the same way. No one wants to serve a family turkey in a room filled with moving boxes. Fall means good timing for both parties.

Fall might be a better bet for negotiations.

In addition to price and closing date, sellers that want to close before the holidays may be more willing to compromise in regard to other terms as well.

Tax breaks.

Buying a home in the fall could lead to some enticing tax breaks for homebuyers. Deductions for mortgage interest, mortgage insurance premiums and property taxes are all allowed by the IRS. And in addition, any prepaid taxes or premiums that are paid at closing can also be deducted.

But what about home sellers?

Well, fall might bring a few advantages your way, too. Take a look.

Lower inventory.

With so many people thinking spring and summer when it comes to listing their house, it only makes sense that by the time fall rolls around, there will be less homes left on the market. And less inventory means less competition for those buyers to choose from.

Buyers want to buy.

Just like sellers are often more serious in the fall, so too are buyers! Many times, they’re buying in the fall for a reason — whether it’s moving for a new job or to be closer to family, going through a divorce, or simply because their own house sold sooner than expected and they need to find new digs fast. In fact, many realtors will tell you that while spring may bring out lots of lookers, fall is more apt to attract a few good buyers. And it only takes one!

Good timing.

Closing times can vary due to location and circumstances, but on average, they’re usually set for roughly 30 days from accepted offer. So a fall sale generally means a fall closing — and both parties can be happily settled in time for the holidays.

They say timing is everything but buying — or selling — a house is a personal decision so there is no hard and fast “good” time or “bad” time. Sellers have a lot of reasons that inspire them to sell at any given time. And buyers? Well, it might be a necessity that causes them to buy at a certain time. But then again, any season is the perfect one if you manage to find your dream home. And it could just be fall.

Coldwell Banker Success | Madison, WI

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Why Are Houses Getting Smaller Today?

There seems to be a long—standing and widely—held belief that when it comes to the size of a house, bigger is better.  And for decades, that was probably the case.  But today?  We might be seeing a slight reversal in the trend.

Many first-time homeowners are single or young couples who eventually outgrow the home as their family grows.  It’s only natural to look for something a little bigger.  Even empty-nesters looking to downsize often end up with a house as big—or even bigger—than their last because, of course, they need extra space for when the kids and grand-kids come to visit.  And so it goes.

But it seems like times may be changing.  By now, we’ve all heard of the “tiny house” movement.  In fact, there are at least four different television shows featuring tiny houses currently on cable TV.  Typically ranging in size from 220-500 square feet, these tiny homes are clearly not for everyone.  But then, everything is cuter in a tiny size, right?

So what’s a realistic size to shoot for?  

Well, that depends entirely on your reason for going smaller.  For instance, you may assume that tiny house owners go “tiny” because that’s what fits their budget, but you might be surprised to learn that most tiny house-lovers go tiny for other reasons entirely—often for the minimalist and usually eco-friendly lifestyle.

But back to the rest of us, the mainstream homebuyer.  The median size of a new house today is 2,467 square feet.  While that’s 61% bigger than most homes of 40 years ago, it’s not the McMansions that people once aspired to own, either.

Location.  

One of the reasons that some people are choosing a more modest-sized home is location.  Think of the homes in the Nakoma neighborhood here in Madison, for instance.  Not only are the majority smaller than the homes you’d find in some of the area’s newer developments, but with many built between 1925 and 1945, they often have a single car garage and only one bathroom-with no room to add on either of those common amenities.  Yet houses here are commonly in demand.  The reason?  The history of the neighborhood, its central location and the character of the homes.  A good share of these homes are now remodeled inside to include modern kitchens and baths (well, the one at least).  And the homeowners are willing to compromise space for location.

Aging… and downsizing.  

Although some retirees are building larger homes to accommodate visits from the extended family, others are choosing to truly downsize—to a smaller home or even a condo.  As baby boomers age and see their parents moving to assisted living, we see the full impact of having to pack up and clean out the family home—which many seniors lived in for 25, 30 or even 50 years.  It’s funny how things accumulate—and not so funny having to find a new home for these items.  Many boomers are realizing that now is the time to pare down their own clutter and go smaller—so neither they nor their children will have to do it later, often as a result of illness or death.  Frankly, many retirees want to, well, retire.  They’d rather golf and bike, have lunch with friends, or volunteer than rake and mow and shovel.  Increasing numbers are spending time away from their regular home to visit their kids and grandkids or escape Wisconsin’s cold winters for a few weeks or months at a time.  So why maintain a large home if you’re going to spend less time in it?

Affordability.  

It’s just basic economics.  After the 2008 financial crisis, people have started to assess what’s important to them.  And that resulted in some homebuyers choosing a nice home with an affordable mortgage rather than a monster home that will impress their friends while eating up a good share of their paycheck.

Thinking green.  

Times have changed and people today are much more aware of their carbon footprint and efficient use of energy and resources.  Which generally means smaller is better.  Upkeep on a large house is naturally going to be costlier and less in tune with conservation.  So while many people have committed to choosing energy efficient options, others have gone the extra step of building or buying a certified green home—built with eco-friendly, often reclaimed, materials and guaranteed to use less energy and create less waste.

And then there’s the coziness factor.

Do not underestimate the cozy factor!  First of all, let’s be clear—small-er homes don’t have to be small! But just think about it.  Homes without cavernous entries and wasted space tend to feel cozier.  They’re homier. Warmer. Smaller homes don’t have to look cheap or ugly or old.  It’s amazing what a little remodeling, renovation, updating or even just decorating can do to refresh and renew a house.  If you’re building a smaller house, you can choose any look, style and even price-range you want.  It doesn’t have to be big to be beautiful

You’ve heard the term “little luxuries” and “good things come in small packages,” right?  So why not a house?

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Avoid Home Buyer Mistakes With These 6 Tips

There are few purchases that bring out our emotions the way buying a new house does.  Whether you’re a first-time home buyer or you’ve been through it all before, you need to remember to set your emotions aside while you attend to the more practical side of real estate.  Well, at least some of them!

We don’t want to spoil your fun, but as realtors, part of our job is to help you make your home purchase be one of the best experiences of your life.  To make that happen, you’ll want to avoid some of the more common mistakes that even seasoned home buyers make.

Not surprisingly, many of the most common mistakes involve money.  Even the ones that don’t seem to be about money at first glance, often end up incurring additional or unexpected expenses down the road.  

Here are 6 things to keep in mind to avoid mistakes when buying a home:

1 - Know what you can (really) afford.

Your mortgage lender may tell you that you’re “approved” for a certain amount.  Wow.  Sounds great, right?  But what many people forget is that you don’t have to spend that much!  Have you ever noticed that many of the HGTV shows tell viewers the amount that the house hunters are approved for – and the figure they’d prefer not to exceed?  The truth is, you’d be wise to follow their lead.

Committing to monthly payments at the top of your comfort zone can be a recipe for disaster.  So yes, talk to the lenders – this is, after all, their expertise.  But then take your own look at your regular income and expenses.  Do you plan to make any career changes that will affect income?  Do you have any new expenses coming up in the near future?  Will your child be going to daycare or starting college?

2 - Get pre-qualified for your mortgage.

Although it’s important to do your own budget calculations, it’s still very important for you to see a lender before you start your home search – and get preapproved for a home loan.  That lofty number in your head might not match the amount the bank feels comfortable giving you! A new job, poor credit, past financial issues or a lot of expenses could affect the amount of money the bank feels comfortable lending. If you wait until you make an offer on your dream home, you might be unpleasantly surprised – and embarrassed when you don’t qualify.  Preapproval lets you know upfront what price range is within your means.

3 - Don’t make any unnecessary financial changes or extravagant purchases right before you close on a house.

“Oh, it’s okay – I’ve already been approved” you may say.  Well, yes.  But remember, that approval was based on your financial status at the time of the credit check.  What does this mean?  Before closing, do not buy a luxury car or charge $12,000 worth of furniture.  Ironically, moving can involve a lot of expenses.  In fact, the majority of people buying a new home will increase their spending right before they move.  Makes sense – after all, there are a lot of things you’ll need. But what you need to remember is that the loan isn’t a done deal. No matter the figure that you were originally quoted, the lender will monitor your income and spending right up until the closing. And that goes for quitting or even changing your job – because that changes what the original number was based upon.  And yes, sorry to say, it could actually cause the deal to fall through. 

4 - Don’t tour the unattainable!

Just like you wouldn’t – or shouldn’t – try on a wedding dress you can’t possibly afford, don’t tour a home that you know is outside of your budget. Chances are, you’ll fall in love with it and then no other house could possibly measure up – leading to either disappointment or overextending yourself.

5 - Watch out for fixer-uppers.

Now that we told you not to reach outside your comfort zone, we should warn you not to go off the deep end at the opposite extreme.  Everyone loves a deal and it can be tempting to scoop up a house that’s “priced right.”  All those “little” things can be fixed with all the extra money you saved on the purchase price, right?  Well maybe.  But maybe not.  Don’t start mentally tearing down walls, remodeling the kitchen, adding a 3rd bath and installing a pool without having an expert tell you what all this will cost.  You don’t want to start renovating your bargain house only to run out of money halfway through.

 Related Article: Money Pit or Fixer-Upper? 

6 - Don’t forget the little expenses.

They will add up – quickly.  Getting all new furniture?  Painting?  New landscaping?  And don’t forget to figure in the cost of heating, lawn care, HOA fess and property taxes.

But with just a little forethought, you can prevent these potential nightmares – and get the house of your dreams. 

#homerocks

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Qualified Lead vs Wing & a Prayer

So, what’s the success rate of converting an uncultivated internet lead? And if and when one is converted, how long did it take to complete? And those that are finally converted, what is the average purchase price? Should you care what this math equates to on internet leads?

Short answer is, YES…this is business!

My guess is, if you are a new agent and chasing an internet lead, the lead was given to you by a team leader or some other more experienced agent that has decided this lead isn’t worth their time. That’s fine…they have earned the ability to pass on opportunities similar to experienced agents giving up “floor time” in the old days. Of course, in the remote event you are able to chase down this lead and actually close the low-priced sale, the team leader receives a share of the commission and you just netted minimum wage in the name of earning your stripes. Again, that’s fine…”earning while learning”, right?

My point is, you are in business, an independent contractor, a sole practitioner in real estate sales. You are paying a broker (or in some business models, a team leader) for their brokerage administration and structure, their consultation, advice and leadership. So, what should you expect with leads that will potentially produce a decent wage at the end?

I feel it is a responsibility of a real estate broker to have a formal leads program in place, that includes affinity and broker-to-broker referrals from other parts of the country, as well as the ability to cultivate internet leads before assigning to an agent. Why should you be expected to waste your time even on one phone call to an uncommitted inquiry? You are better off making personal contacts and spending time with your SOI. Let experienced relocation professionals cultivate internet leads and you be on the receiving end of a qualified lead where the chances of you earning a respectable commission increase substantially.

I have heard plenty from agents who have been promised leads by brokers and team leaders, but the results have primarily been significant windshield time, for low compensation. You are not a chauffeur service…you are helping people buy their most expensive asset. You are expected to conduct yourself as a professional, and provide a valuable service on behalf of your broker and company. In return, you should expect to receive qualified leads from your broker, regardless of their origination.

Third party listing portals promote the fact they send out tens of millions of leads to their paying subscribers, yet there are only 5-6 million home purchases each year in comparison. Make sure qualified leads are being directed your way. And as important, keep in mind you are in business from the first day you walk in the door, your time and expertise should have a fair price tied to both. The fact is, floor time went away because it was not profitable for the agent…the same holds true with internet leads.

Learn about a career with CB Success

Don’t compete with your own company for business!

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How Was Your Experience?

We are in a service business, helping people accomplish their goal of buying, selling, trading or leasing real estate with a process that is preferred by our clients.  While we, as real estate professionals, have conducted business in a certain fashion for many years, technology has changed expectations of efficiency during transactions to save the most precious of commodities: time.

This is not to minimize the face-to-face connection our agents have with their clients, but does that client really want us to stop over to their home after dinner to have an amendment signed by them? I don’t think so. Our acceptance of technology to deliver service only enhances our relationships because our clients know we care about them in every facet.

Our responsibility is to ask how our clients prefer delivery, and adapt our services to meet that request, all to make the real estate transactional experience the best it can be… efficient and client-centric.

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I was just reminded of the real meaning of a real estate closing and it brought to mind this article I thought appropriate to reblog—It’s all about our clients...

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Property values have increased, but is your tax assessment accurate?

Assessing properties is a numbers exercise typically done by those with an appraisal background.  But appraising property is not an exact science… mistakes can be made.  And if you feel the assessed value of your home is inaccurate, you have the opportunity to object to the value arrived at by the Assessor.  There is a process, ending with meeting with the Board of Review.

Any municipality that sends tax bills establishes these values in order to tax your property for their services provided.

If you feel your property is unfairly assessed, the suggestion I have is consult with either an appraiser or an experienced realtor to get another opinion of value. With that opinion in hand you feel the assessment is too high, contact the city Assessor’s office and follow the process of objection.

It is not unusual for property owners to object to their assessment, although the largest are normally filed by commercial property owners and can involve millions of dollars of value, and thousands of dollars in taxes.

This system needs to be fair to all parties. Be sure your property is assessed at a fair value.

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