In partnership with grand expectations, the Luther-Hamshire-Pearsall American Legion Post 279 donated $20,000 to the Marshall Parks and Recreation Department. The financial support was used to build a shelter at Charles Langer Family Park.
The donation has allowed the park to expand the level of service that Langer Park provides. The total park renovation has included: the addition of an 18-hole disc golf course, enlarged parking lot, new permanent bathroom facilities, the shelter, an earthen amphitheater that sits on the waterway, and a well and interpretive nature signage.
To read the complete article visit Courier News.
As you can see, WI isn't the worst by any means, but according to the National Association of Realtor's WI has 11 months of shadow inventory, which means the banks inventory of foreclosed homes that are not currently on the market for sale yet would take 11 months to sell all of those homes when they do put them on the market, and that means that consumers have to compete with their prices when selling their home, and buyers will still have a steady stream of distressed properties to choose from.
Today's rock bottom mortgage interest rates won't last forever!
A 1% increase in mortgage interest rates would mean a 10% increase in monthly payments, or purchasing a home for 10% less than today's prices.
Now is the time to Seize the Market!
If you or anyone you know is interested in taking advantage of the opportunity of a lifetime for buying, trading up or investing in real estate, I can help!
How to Buy a House Before Your Other House Sells
In a buyer's market, the inventory of homes for sale can be astounding. Deciding on a home to buy is difficult enough, but what happens when you have one to sell beforehand? Many times, especially in a soft real estate market, a buyer may get into a situation where they find a new house before their current house sells. Acting as a buyer and a seller in separate transactions can be tricky business, especially if you need the equity from your current home to pay for the new home. Luckily there are some best practices that can help show you how to buy a house before your other house sells.
Consider a Bridge or Home Equity Loan. There are many financing options available when it comes to home buying, and bridge loans can be an easy way to finance a new home sale before your existing home closes. A bridge loan is one that is used to provide funds needed for a short period until another source of funds becomes available. Sometimes called a "swing" loan, it allows a homebuyer who needs the equity in his old home to pay for the new one to close on the new home purchase before closing on the old home sale. The interest rates on these loans are typically high. However, because the loan will be paid off in a short period of time, this should not be a huge problem for buyers. In a similar vein, you might consider a home equity loan on the house you already own. This is a bit riskier, but provides the same benefits.
Rent your current home. If you can find short-term or month-to-month tenants who are willing to rent your current home until it sells, you can avoid having to worry about the house sitting vacant while you are moving into the new home. This can help you avoid having to winterize or de-winterize the property and stage the home for showings. You will also be able to apply the rental income to your existing mortgage on the house, to alleviate the financial burden of paying two mortgages.
Work with the Seller. In a soft market where buyers are limited, sellers are often willing to work with the buyer on a purchase agreement that works for both parties. If you've already found the house you want to buy, but haven't yet sold your existing home, it may be possible that the seller will allow you to make a small down payment with a signed contract that permits you to wait to make the purchase until your old house sells.
Buying a new house before your current house sells is not an ideal situation, but there ways to get through it that can alleviate the risk and financial burden. If you've considered the options above and are still unable to find a solution that works, an alternative and less attractive choice may be to hold off on buying a new home until your existing home is the final stages of closing. As disappointing as this can be for sellers who are anxious to move, it is a more desirable situation than being stuck with two mortgages and no remaining credit for other daily or emergency needs.
If you are someone you know is thinking of buying or selling a home in the Madison Wisconin area, contact Pamelyn Meller, The Property Shoppe Team with Keller Williams at 608-469-5199 to learn more about what I can do to get your home sold.
Serving Dane, Dodge, Columbia, Jefferson & Rock counties
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Pamelyn Meller - The Property Shoppe Team, with Keller Williams, Madison WI is passionate about real estate, and provides 24/7 market coverage for all of our clients...Because Your Move Matter!
The Property Shoppe Team
We are all about...Making Your Move Matter!
When you are buying or selling property in today's real estate market, it's important to have confidence in your real estate professional. The Property Shoppe Team is committed to provide you with the specialized real estate service you deserve. Our personal goal is to make this process as seamless as possible.
Our clients have never had to ask the question, What have you done for me lately? That's because they see results - each and every day.
The Property Shoppe Team lives and breathes real estate. Our passion for the business makes it easy for us to make a full-time commitment to our clients. By combining personal, one-on-one attention with dynamic web, social media and e-mail resources, we provide 24/7 market coverage for all of our clients.
If you, or someone you know, is considering buying or selling a home or condominium, Call Pamelyn Meller with The Property Shoppe Team - Keller Williams Realty today (608) 469-5199 or send an e-mail, to set-up a time to meet that is easy and convenient for you.
Pamelyn Meller, The Property Shoppe Team specializes in working with both buyers and sellers of residential homes, condominiums or vacant land within Dane, Dodge, Columbia, and Rock Counties, Wisconsin.
Pamelyn Meller is credentialed as a Certified Distressed Property Expert, specializing in working with both buyers and sellers in residential properties that are Short Sales, Pre Foreclosure, Bank Owned, REO, HUD homes.
This letter comes with high recommendations for the support and knowledge that I received from Pamelyn & her team while selling and purchasing my homes. Their expertise in conjunction with their hospitality is immeasurable.
Pamelyn managed to get me an offer above what I paid for the house, in times when everyone else was not as fortunate. Economy was on a downslide, then, and still remains a battle. Pamelyn and her team never left me behind. In fact, they held me together when I thought everything was going to fall apart. She was my: financial advisor, Yellow Pages, map quest, scheduling coordinator, construction crew, landscaper, moving crew, & much more. Above all this special professional treatment, they went above and beyond the call of real estate duties by helping me pull myself together when my financè died.
Next, with a tiny budget it was time to find a new home. Again, Pamelyn wore many hats to fulfill this task. Thank heavens for me she's a patient woman! I am in a house that I now call home. It's not a surprise that I still receive a text or call from Pamelyn inquiring how things are progressing in my life.
It's with my privilege to encourage anyone who's trying to sell or buy a house to entrust your future to Pamelyn and her team. You will be pleasantly surprised. I know I was.
Angela M. Drews, Madison WI
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"Pam is an exceptional realtor who does not waste time. She works her house listing to get them sold in a short period of time and does not rely on the MLS alone to find her buyers. Not all realtors are equal, and it is rare to find the gems. Pam is the realtor you want on your team."
Jodie Amerell - Inner View Consulting, Madison WI
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We would like to express our sincere appreciation to Pam Meller.
Throughout our entire home purchase, Pam was always there
for us. If we needed something at the last minute, she was
always willing to drive over to drop off documents that needed
to be signed, or, stay up late to go over details with us on the phone.
She never steered us in the wrong direction and we were always
happy with the performance that Pam gave us.
Not only is she professional, but she makes you feel comfortable with
her great personality.
Pam, thank you for making our dream come true !
----- Mike & Sara, Deerfield WI
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"As a lender, it is my opinion Pamelyn is both trustworthy and professional. I never had a doubt while working with her she was in fact working for her buyers, and not for herself. Pamelyn will treat you with respect, and do everything in her power to make sure your new home is perfect for you. The final result is an excellent purchase experience. Madison could use a few more Realtors like you!" - Joe
Joe Long
First Choice Mortgage (608) 838-6600 ext 4 joelong@fcmortgage.com
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I want to introduce you all to Pamelyn Meller, the NICEST person on Active Rain.
Last week I received an offer on one of my listings here in Meridian, Idaho. The offer was contingent on the buyers home in Cottage Grove, Wisconsin selling. I got on Active Rain and searched for a Cottage Grove, WI agent and found Pamelyn Meller. I emailed her, and she promptly responded with an email containing everything I would need to know, including the time on the market, that this was the only home listed on the street, how the price per sq/ft compared to other active and sold listings, current market information and more. After seeing all this information, I felt completely comfortable recommending that my clients accept the contingent sale. I even got an email today letting me know that this listing just lowered their asking price-WOW, was I impressed!!!
Contrast that to the listing agent of that home who didn't respond untill today (after 2 emails and 2 calls). She gave me very vague information, with no stats on how her listing compared to the competition, or what their market is doing. Had this been my only info, I may feel very uncomfortable with that contingent offer!
I can tell you one thing, when I know of someone moving to Wisconsin, I know who I will refer! Pamelyn is not only friendly and professional, but she also is thorough and knows her market!
Thanks Pamelyn
Pam Pugmire All Pro Realty, Meridian Idaho Real Estate (208) 323-2155 www.dreamhomesinidaho.com
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Your service has met all our needs and very quickly, I might add. Can't think of anything she could do better.
JoAnn, Madison WI
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