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.
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.
November 09, 2009 at 10:14 AM · Posted under Glenn Hanon
If you are thinking of selling your home some may suggest that you should save the commission and sell the home yourself. This route requires time to; manage the paperwork, take care of all the showings, pre-qualify the buyers managing the inspections and much more. With the upcoming changes in the offer to purchase—now 9 pages in length vs. the current 5 pages, you may want to consider talking with a professional who will walk you through these complex and at times difficult situations. With the changes in the appraisal rules this alone can cause any Realtor® headaches not to mention a homeowner who is going at this for the first time. If you would like to see what a professional offers prior to committing to an agent, feel free to contact me and ask for my Marketing Plan in writing. I explain in detail everything that will take place if you choose to use the services of a professional. Today, the home is still the single largest investment most people have and after 20 years of successfully assisting families I can honestly say that I have saved the would be For Sale By Owner, money, time and headaches. Get all the facts before you decide to sell on your own.
April 22, 2009 at 10:39 AM · Posted under Glenn Hanon
You have decided to sell the home and wonder to yourself, “What do I have to do to make sure my home sells quickly?” Here are five quick tips to make sure your home does not become ‘stagnant’ in the market.
Clean and organize your home. Remove all the clutter. If you need assistance with what is ‘clutter’ I can assist you with this. A clean home, even if it is dated, is more attractive than an updated home that is messy.
Air fresheners, scented candles and plug-in’s are not to be used when showing a home. Many buyers are either allergic to these products or find them offensive. Almost all buyers think you are hiding a noxious odor. The reaction I have seen over the past 22 years of selling does not warrant their use. If you have a pet odor that you are trying to eliminate plug-ins are not the answer.
Make sure all maintenance issues are resolved before you actively market your home. Buyers will determine how well you take care of your home by how well you take care of the little things. Issues like loose caulking around a tub, dirty furnace filters, broken doorbells, scratched front doors, windows that need cleaning,–you get the idea, are turnoffs for a buyer.
Make sure your curb appeal is appealing. Poorly maintained lawns, heaving sidewalks, overgrown bushes don’t give the prospective new homeowner a real warm fuzzy feeling as they make their way to the front door.
Price your home according to the market. This is probably the number one reason why homes do not sell today. The sellers expectation of “what they want” or “need” compared to the market value are often times significantly different. My job as a professional is to give you the market data and guidance as to what price your home is realistically worth in today’s economy.
If you have further questions or would like a personal evaluation of your home feel free to call me at 1-888-HEY GLEN or email me at ghanon@shorewest.com
April 16, 2009 at 03:37 PM · Posted under Glenn Hanon
2009 marks the 50th year of The Hanon Family and their involvement in Real Estate. In 1959 Sy Hanon started his own company called Sy Hanon Real Estate—“We Buy, Sell or Trade” was the motto then. When WWII came to an end Sy started a grocery store in downtown Delafield, aptly named “Hanon’s Supermarket. Business was good back then and Sy, Maryon (my grandmother) and their son Dwayne, lived upstairs in the “penthouse” as Grandma would call it. The penthouse was really just a small apartment. Times began to change after the war and larger grocery stores started to emerge. As the story goes, one day Grandpa was picking up some fresh produce and he stopped in front of a large Milwaukee grocery store and commented to my Grandmother, “Well Maryon, I think our days as a small grocer are over” With that Sy began his Real Estate career. Sy Hanon Real Estate quickly became, Hanon Inc. Realtors with the addition of their son Dwayne. Fast forward to the late 80’s and Real Estate was changing quite fast. Dwayne joined with Shorewest Realtors (Wauwatosa Realtors) and soon Glenn followed in 1991. As the number one agent in the Oconomowoc Office I look back on all the great lessons I learned from Dad and Grandpa and I can honestly say, “I love my job!” Recently Don Horning placed the 50 year pin as recognition of our family’s longevity in Real Estate. I can think of no better company to work for and that is Shorewest Realtors! If you are looking for a professional REALTOR® in the greater Lake Country Area then put Glenn Hanon to work for you today!
April 06, 2009 at 04:14 PM · Posted under Cathy Butschke
Realtors all over Metro-Milwaukee are telling you that NOW is a great time to buy. Believe it or not, it is not because they are starving and need a sale. Historically, real estate is not a get rich quick investment, contrary to all the speculators in the marketplace going into 2005! Even in a market of falling prices, there is money to be made over the long term. Perhaps I can help you understand how wealth is created in today’s market, based on a podcast I recently listened to by Steve Harney, a well known real estate economist.
Perhaps you spent $400,000 for your home at the height of the market. You would really like to move into a larger, more expensive home costing $600,000, but are concerned that you will lose too much in the sale of your current home to justify the move. Check out the illustration below - you will see that over the long term, you will actually GAIN WEALTH by making the move now:
Price you paid: $400,000
Price will sell today (-15%): 340,000
You lose $60,000 by selling now, right? Ouch! Consider, however, that the larger home you are purchasing has also depreciated in value.
Value of new home at height: $706,000
Price in today’s market(-15%) 600,000
You gain $106,000 by buying the larger home in this depressed market - thus you end up with a net gain in wealth of $46,000 RIGHT AWAY. ($106,000 devaluation in purchased home less $60,000 devaluation in home you sold = gain in value of $46,000.)
t helps me to put it another way: think cash. In the old market, the new house would have cost you $706,000 - 400,000 (proceeds of sale of your home) = $306,000 cash to buy the new house. To make the same move today, it will only cost you $600,000 - 340,000 (sale proceeds) = $260,000 cash - you save $46,000 CASH by moving now!!!
There’s more! Look into the future; think long term. If you stay put, your home will not appreciate as fast as the home you want to buy:
Value of current home: 340,000
Increase 5-7 yrs (+15%) 391,000
If your home appreciates 15% over a 5-7 year period, your wealth will increase by $51,000. However, look what happens to the larger home:
Purchase now 600,000
5-7 years from now (+15%) 690,000
Your net worth has increased by $90,000. $90,000 if you move, - $51,000 gain if you stay = $39,000. Therefore, it actually costs you $39,000 in lost wealth to stay put!
If you decide to make the move today, in 5-7 years your overall wealth has increased by the $46,000 that it would have cost you for the same home in a good market, plus, the larger appreciation in value of the new home of $39,000, for an overall wealth building amount of $85,000!!! Now that’s wealth building the real estate way…
Since its origin in 1946, Shorewest, REALTORS® has always been a family-owned company dedicated to helping other families in Wisconsin. We’ve grown from a one-person office in Wauwatosa to 27 sales offices covering a twelve-county area. And the Shorewest “family” now includes over 1,700 people as committed to Wisconsin as the day John A. Horning started the company out of his home over 60 years ago.
Today, the Shorewest family of companies includes Wisconsin Mortgage Corporation, Heritage Title Services, Shorewest Real Estate Institute and Shorewest Insurance Associates, plus Home Closing, Marketing, Information Technology, Home Services, Career Development and Relocation Center divisions.
Staying true to our mission and values.
Midwestern values like hard work, dedication and a family-first philosophy are deeply ingrained in the people of Shorewest. As a family-owned company since 1946, all of us are driven every day by the following mission statement, adopted October 1986:
We are a team…
Proudly independent;
Dedicated to serving the housing needs of Wisconsin;
Committed to unsurpassed customer service;
Pledged to share our talents for mutual growth and prosperity.
statement decoration
Steady leadership for the road ahead.
Joe and John Horning
Joe and John P. Horning represent the third generation of leadership at Shorewest, having taken the reins in 2002. Joe (President) and John P. (Executive Vice President) joined Shorewest after college and have since proven themselves as accomplished business leaders.
The people who make it all happen.
You don’t become Wisconsin’s Largest Home Seller™ without an exceptional sales staff. At Shorewest, our 1,300-plus associates know the market and are driven to put your needs first. With 27 offices located throughout Wisconsin—each with a full-time manager for support—you’ll get the responsiveness you need whether you’re buying or selling a home. We train our people to be the best, so the service you receive is nothing short of just that.
Glenn Hanon
With the upcoming changes in the offer to purchase—now 9 pages in length vs. the current 5 pages, you may want to consider talking with a professional who will walk you through these complex and at times difficult situations. With the changes in the appraisal rules this alone can cause any Realtor® headaches not to mention a homeowner who is going at this for the first time. If you would like to see what a professional offers prior to committing to an agent, feel free to contact me and ask for my Marketing Plan in writing. I explain in detail everything that will take place if you choose to use the services of a professional. Today, the home is still the single largest investment most people have and after 20 years of successfully assisting families I can honestly say that I have saved the would be For Sale By Owner, money, time and headaches. Get all the facts before you decide to sell on your own.
Clean and organize your home. Remove all the clutter. If you need assistance with what is ‘clutter’ I can assist you with this. A clean home, even if it is dated, is more attractive than an updated home that is messy.
Many buyers are either allergic to these products or find them offensive. Almost all buyers think you are hiding a noxious odor. The reaction I have seen over the past 22 years of selling does not warrant their use. If you have a pet odor that you are trying to eliminate plug-ins are not the answer.
Make sure your curb appeal is appealing. Poorly maintained lawns, heaving sidewalks, overgrown bushes don’t give the prospective new homeowner a real warm fuzzy feeling as they make their way to the front door. 
2009 marks the 50th year of The Hanon Family and their involvement in Real Estate. In 1959 Sy Hanon started his own company called Sy Hanon Real Estate—“We Buy, Sell or Trade” was the motto then. When WWII came to an end Sy started a grocery store in downtown Delafield, aptly named “Hanon’s Supermarket. Business was good back then and Sy, Maryon (my grandmother) and their son Dwayne, lived upstairs in the “penthouse” as Grandma would call it. The penthouse was really just a small apartment. Times began to change after the war and larger grocery stores started to emerge. As the story goes, one day Grandpa was picking up some fresh produce and he stopped in front of a large Milwaukee grocery store and commented to my Grandmother, “Well Maryon, I think our days as a small grocer are over” With that Sy began his Real Estate career. Sy Hanon Real Estate quickly became, Hanon Inc. Realtors with the 
addition of their son Dwayne. Fast forward to the late 80’s and Real Estate was changing quite fast. Dwayne joined with Shorewest Realtors (Wauwatosa Realtors) and soon Glenn followed in 1991. As the number one agent in the Oconomowoc Office I look back on all the great lessons I learned from Dad and Grandpa and I can honestly say, “I love my job!” Recently Don Horning placed the 50 year pin as recognition of our family’s longevity in Real Estate. I can think of no better company to work for and that is Shorewest Realtors! If you are looking for a professional REALTOR® in the greater Lake Country Area then put Glenn Hanon to work for you today!
Cathy Butschke
