February 17, 2010 at 03:58 PM · Posted under Glenn Hanon
I love this article from the Wall Street Journal because it reports what we have known in the market for some time. With the supply of distressed homes rising in our area there is no shortage of a low priced home. Many of these distressed homes need lots of work inside to bring them back to a “market ready” condition. So if you are competing with these homes why not make your home look the best? And that is the focus of this article. A seller needs to price the home competitively, but how do you compete with homes where the price seems to be in a free fall? Staging, painting and positioning your home so that it is compelling in price and appearance is a must in today’s market. I often will tell my clients that when a buyer schedules an appointment to see your home they are not coming to buy your home.(I often get puzzled looks when I say this.) The buyer is coming to cross your home off their list! Most buyers today will be looking at 30-40 homes before they make their offer. They generally have a list in mind of what they want in a home. If they walk through your home and the carpet is stained, or you have old wall paper up and the avocado colored toilets and sinks are functional but you prefer not to replace them, guess what? The buyer is moving on. In some cases you will have to do more work but let’s be honest for a moment; you don’t want to do the work because it is a hassle, so why would the buyer want to do the work? Today more than ever a seller’s home needs to be compelling. If you need assistance with this and you want to sell your home, I can help. Just give me a call and we can make sure your home IS the home the buyers want!
February 05, 2010 at 10:07 AM · Posted under Glenn Hanon
My trusted smart phone kicked the bucket the other day and I was forced rather quickly to think about another phone. Not wanting to switch carriers, I did decide to jump into the Apple world. Both of my sons have Apple laptops and brag how the “old man” needs to get with it. So, I bought the iPhone 3GS and started looking at some of the apps that my guys were always talking about. Here is a cool one I found for Real Estate; Sherwin Williams—you know the paint store, they have this cool app. So let’s say you are thinking about re-painting the living room, but your favorite couch is not in need of re-covering. Well take a picture with your iPhone of the couch and the app will give you the primary color and two secondary colors that you could use to accent the room with. even gives you the Sherwin Williams paint numbers so you could go to the store and get a sample! How cool is that? If you have an iPhone, the app is FREE.
Shorewest also has this really cool app for finding homes with a geo locator feature. Let’s say you’re having your favorite cuppa at Starbucks in Oconomowoc and you want to know all the available homes for sale around your location. If you have loaded the FREE iPhone app for Shorewest it is a snap. A couple quick taps on the phone and voila you have the latest inventory at your fingertips, literally! Click here to view and download the free Shorewest Iphone app.
February 02, 2010 at 06:01 AM · Posted under Glenn Hanon
Well it might not be there in time for many home owners who find themselves “underwater” in their mortgage. As a heads up the new HAMP program or Home Affordability Modification Program, that Washington put in place, has a few changes that were recently implemented. The goal is to streamline the process. Click Here for more information on the HAMP changes.
In other news, a report recently released indicates that FHA is in good shape. Some people critical of the FHA were concerned that they are taking a bigger risk in the mortgage business with their dramatic increase in market share. This story makes the point that their share has risen from a 3% market share to a 30% market share almost overnight. A personal note: FHA has played a role in the real estate recovery; however the low down payments are very concerning. Yes FHA requires a higher credit score, however even with good credit if one of the two persons who are buying the housing loses a job (a possibility in this economy) or their income is adjusted slightly, does FHA think those borrowers wont default? These are difficult times for everyone. The sooner we move towards responsible lending and borrowing the better our recovery will be. If the borrowers continue to live on the edge we could face another round of difficulties.
February 01, 2010 at 10:46 AM · Posted under Glenn Hanon
This quick video gives some reasons why walking away from your home may not be a good idea. The financial impact of a foreclosure decision can negatively impact your credit for the next 5-7 years. Short sales are longer and can be more difficult routes, however the negative impact can be as little as 2 years on your credit. Take a look at the video and decide for yourself. If you find yourself in this situation feel free to call me and we can discuss your options.
January 20, 2010 at 02:42 PM · Posted under Glenn Hanon
The Real Estate market is changing fast. Recently the NAR (National Association of Realtors) developed a program that educates agents to become advocates for sellers who find themselves in very difficult waters with their current mortgage, i.e. short sales and foreclosures. A short sale is when a homeowner sells their property for less than the current mortgage balance. The “shortage” is often but not always absorbed by the bank. Because of the growing problem with foreclosures, this option is providing a way out for distressed homeowners and banks who find themselves with a growing inventory of bad mortgages.
The NAR developed the “Short Sales and Foreclosure Resource Certification” (SFR), which I was happy to learn more about. Recently I passed the exam and received the SFR certification. I also completed the REO Trans Network training and exams and am now certified to assist with REO inventory (Real Estate Owned) that the banks have assumed. As a leader at Shorewest I believe that continuing education is paramount in addition to assisting clients in this very difficult economy.
If you have further questions about the market give me a call at the office, toll free 1-888-HEY GLEN
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.
December 30, 2009 at 08:44 AM · Posted under Glenn Hanon
Robert Shiller, of the Case Shiller Index is interviewed in this video by the WSJ. The outlook is not that great, but there is good news. First our area has not been affected as severely as other parts of the country. We see that the first quarter of 2010 and perhaps into the second quarter the activity will be stronger than 2009. The threat of rising interest rates should be of concern to sellers and buyers. So while the saying sounds overused, NOW is the time to sell for two main reasons. First as a seller you can take advantage of the opportunity while the homebuyer tax credit is still available. Buyers must be under contract by April 30, 2010. The second reason is that most economists believe that interest rates will have to rise in 2010. If rates go up from 5% to 6% this decreases the buyer’s top price by 10% if the buyer is payment sensitive—which almost all are today. If you would like more information about our local real estate economy or the value of your home feel free to call me.
December 14, 2009 at 09:07 AM · Posted under Glenn Hanon
From our family to yours we hope you had a great 2009 and hope that 2010 is a great year for you. (Pictured left to right, Robert my youngest son, me, my wife Lori and our oldest son Paul. Robert is holding our dog, but she decided not to cooperate with the camera.)
While the news is full of stories about the real estate market, often times the real stories of people are sometimes missed. Companies are still relocating employees and they have an immediate need to sell quickly and move on to their new destination. This year I helped more relocating families than I have in past years and was thrilled to help make these difficult moves a little easier. Shorewest implemented a new policy when it comes to relocation too. Now only a handful of selected agents are considered to be Relocation Consultants. Earlier this year we were required to complete in-house training and sit for an exam. The new standards insure that the family who puts their trust in the Shorewest family of agents will get the best possible service—that is what the “Certified Shorewest Relocation Specialist” designation is all about. In the coming year if you need assistance with your move, whether you are relocating across the country or across town, I would be delighted to provide the very best in service to you and your family.
December 10, 2009 at 10:36 AM · Posted under Glenn Hanon
This incredible home is situated on a almost 1 acre city lot that is adjacent to a beautiful park. There are 4 large bedrooms on the second floor with an optional 5th bedroom in the finished lower level, handsome family room with bookcases that flank the bricked fireplace. A large kitchen with sunny southern-facing dinette also features an island and plenty of counter space. A 3.5 car garage is ideal for extra storage. Priced at $274,500 1391 Forest View Lane is the perfect home for a buyer looking for extreme value.
December 04, 2009 at 08:09 AM · Posted under Glenn Hanon
The new firehouse for the Oconomowoc Fire Department will be ready for operation in May of 2010 according to Chief Beguhn of the Oconomowoc Police Department. When completed the 14,000 sq. ft. facility will house the combined fire departments of Oconomowoc and the Town of Summit. Oconomowoc’s other fire department is located on the corner of Second Street and South Concord Road. The Summit Fire Department has operated out of the Town Hall and will now move to the new facility. One large tower and a smaller tower will be available for training purposes on-site. The larger facility will have two drive-through bays and will have enough room for 8 vehicles. As you can see from the artist rendering of the building the architecture features a gabled roof and natural stone materials. Due to the proximity of near-by subdivisions the firehouse reflects some of the residential feel. You will notice the new structure to the east of Hwy 67 and the Kwik Trip. The firehouse is on the eastern leg of the Oconomowoc Parkway.
With the threat of 1-2” of snow today, I thought a little escapism was necessary. Just beyond the hibiscus tree on the left is the built in hot tub. I don’t know if you can see it or not, but what a great idea with the pool. The setting here is very private as you can see from the picture (click on the photo for full sized image). The large slated deck features plenty of room for lounging entertaining etc. But what makes this pool worth so much money? Certainly it is not the hibiscus trees! No, the owner of this pool is graciously throwing in a sprawling shingle-styled home with cherry floors throughout, 5 natural fireplaces, a cherry paneled playroom for the children, workout room, a huge veranda that will easy entertain your largest of parties, and more, all with spectacular views of the azure of Lac La Belle. While not right on the water this manor home is the crème de le crème when it comes to settings and style. Sit and relax in your private library with full masonry fireplace or retire to you master suite with full masonry fireplace. No inserts here—nothing but the best. The lady of the house has her private office on the main floor while his office is perched on the second floor with spectacular views of the lake. The guest room with private bath and fireplace will give your guests a comfortable nights rest. Click here to take a virtual tour of this property. If you would like more information regarding this one-of-a-kind retreat, feel free to call me toll free at 1-888-HEY GLEN.
December 02, 2009 at 03:50 PM · Posted under Glenn Hanon
There is a buzz in the air with the two new hospitals in Oconomowoc. The soon-to-open Aurora Hospital (pictured above), located just south of I-94 on Hwy 67, (click here to view a map) and Pro Health’s state of the art facility on Summit Avenue (pictured on right), near the heart of Oconomowoc are both imposing sites. Beyond all the press releases the best way to find out when the hospital opens is the people that work there. I found this blog from nurses that discuss the opening and it looks like March 1, 2010 is the date to watch for Aurora. Pro Health, Oconomowoc’s first hospital is also looking for talented health care professionals and is holding a grand opening on Dec. 12th. There has been much talk about hospital wars with the two competing facilities, but I like to look at it this way. Oconomowoc is in the midst of two distinct entities that are eager to provide the best health care possible. Both hospitals are looking for good qualified people too. This is all good for the surrounding business and the housing economy in Oconomowoc. From the downtown merchants to the shops at Pabst Farms more interest in our great city is very positive.
December 01, 2009 at 02:55 PM · Posted under Glenn Hanon
Maury Sullivan (pictured on left), Oconomowoc mayor announced that he is seeking re-election this coming April. The primary will be held this February 17th 2010. The mayor hopes to finish several initiatives that have started on his watch. The revitalization of the waterfront near city hall is just one of the projects that can change downtown Oconomowoc for the better. Currently discussions are still underway as to where the new train station will be located in the city for high speed rail. Additionally, Mayor Sullivan would like to see improvements with our city roads—and I couldn’t agree with him more on that. Much has been done lately especially with the reworking of the downtown area. Next year we should see the road project finished from the four corners west to the county line. In 1999 the Town of Summit and the City of Oconomowoc finalized their Border Agreement and as of December 31, 2009 several parcels that were in the Town of Summit will now be a part of the city. Several residences are involved in the assimilation to the city and when calculating taxes for the sake of a real estate transaction, it would be best to have those proration amounts agreed to in writing. Oconomowoc is ready for smart growth and with some of these projects we look forward to a bright future.
November 30, 2009 at 04:28 PM · Posted under Glenn Hanon
Why do we stage homes? I am often asked this by future clients. The main reason is that when you or I are considering a home purchase we want to “feel” what it is like to live in the new home. But so often homeowners’ personal effects can get in the way of seeing the home for what it is. There are those occasional homes when we walk in and it feels like home. That is what staging does! It takes what may not feel like home and nourishes the soul so as you walk into that well staged kitchen it says “Welcome”. The pictures tell the story. This brand new kitchen is waiting for someone to fall in love, and yet the red walls just don’t let the buyer see the beauty of the rich wood hues in these custom cabinets. The right color makes the cabinets and the rich granite counters stand out! I used the services of Laurie Flatt from Casa Labella
for help with this home. Once we staged the home it sold—even in this tough market. Check out their website and remember that if you are thinking of selling, working with pros makes a difference. After months on the market the seller couldn’t believe how much staging made the difference between sitting and selling. Call me today for a personalized marketing plan for your home. I can be reached at 1-888-HEY GLEN.
I love this article from the Wall Street Journal because it reports what we have known in the market for some time. With the supply of distressed homes rising in our area there is no shortage of a low priced home. Many of these distressed homes need lots of work inside to bring them back to a “market ready” condition. So if you are competing with these homes why not make your home look the best? And that is the focus of this article. A seller needs to price the home competitively, but how do you compete with homes where the price seems to be in a free fall? Staging, painting and positioning your home so that it is compelling in price and appearance is a must in today’s market. I often will tell my clients that when a buyer schedules an appointment to see your home they are not coming to buy your home.(I often get puzzled looks when I say this.) The buyer is coming to cross your home off their list! Most buyers today will be looking at 30-40 homes before they make their offer. They generally have a list in mind of what they want in a home. If they walk through your home and the carpet is stained, or you have old wall paper up and the avocado colored toilets and sinks are functional but you prefer not to replace them, guess what? The buyer is moving on. In some cases you will 
have to do more work but let’s be honest for a moment; you don’t want to do the work because it is a hassle, so why would the buyer want to do the work? Today more than ever a seller’s home needs to be compelling. If you need assistance with this and you want to sell your home, I can help. Just give me a call and we can make sure your home IS the home the buyers want!
Glenn Hanon
My trusted smart phone kicked the bucket the other day and I was forced rather quickly to think about another phone. Not wanting to switch carriers, I did decide to jump into the Apple world. Both of my sons have Apple laptops and brag how the “old man” needs to get with it. So, I bought the iPhone 3GS and started looking at some of the apps that my guys were always talking about. Here is a cool one I found for Real Estate; Sherwin Williams—you know the paint store, they have this cool app. So let’s say you are thinking about re-painting the living room, but your favorite couch is not in need of re-covering. Well take a picture with your iPhone of the couch and the app will give you the primary color and two secondary colors that you could use to accent the room with. even gives you the Sherwin Williams paint numbers so you could go to the store and get a sample! How cool is that? If you have an iPhone, the app is FREE. 
In other news, a 
I was happy to learn more about. Recently I passed the exam and received the SFR certification. I also completed the REO Trans Network training and exams and am now certified to assist with REO inventory (Real Estate Owned) that the banks have assumed. As a leader at Shorewest I believe that continuing education is paramount in addition to assisting clients in this very difficult economy. 
From our family to yours we hope you had a great 2009 and hope that 2010 is a great year for you. (Pictured left to right, Robert my youngest son, me, my wife Lori and our oldest son Paul. Robert is holding our dog, but she decided not to cooperate with the camera.)
The new firehouse for the Oconomowoc Fire Department will be ready for operation in May of 2010 according to Chief Beguhn of the Oconomowoc Police Department. When completed the 14,000 sq. ft. facility will house the combined fire departments of Oconomowoc and the Town of Summit. Oconomowoc’s other fire department is located on the corner of Second Street and South Concord Road. The Summit Fire Department has operated out of the Town Hall and will now move to the new facility. One large tower and a smaller tower will be available for training purposes on-site. The larger facility will have two drive-through bays and will have enough room for 8 vehicles. 
As you can see from the artist rendering of the building the architecture features a gabled roof and natural stone materials. Due to the proximity of near-by subdivisions the firehouse reflects some of the residential feel. You will notice the new structure to the east of Hwy 67 and the Kwik Trip. The firehouse is on the eastern leg of the Oconomowoc Parkway.
state of the art facility on Summit Avenue (pictured on right), near the heart of Oconomowoc are both imposing sites. Beyond all the press releases the best way to find out when the hospital opens is the people that work there. I found this blog 
Maury Sullivan (pictured on left), Oconomowoc mayor announced that he is seeking re-election this coming April. The 
In 1999 the Town of Summit and the City of Oconomowoc finalized their 
Why do we stage homes? I am often asked this by future clients. The main reason is that when you or I are considering a home purchase we want to “feel” what it is like to live in the new home. But so often homeowners’ personal effects can get in the way of seeing the home for what it is. There are those occasional homes when we walk in and it feels like home. That is what staging does! It takes what may not feel like home and nourishes the soul so as you walk into that well staged kitchen it says “Welcome”. The pictures tell the story. This brand new kitchen is waiting for someone to fall in love, and yet the red walls just don’t let the buy
er see the beauty of the rich wood hues in these custom cabinets. The right color makes the cabinets and the rich granite counters stand out! I used the services of Laurie Flatt from 
