Lake Geneva, WI

No matter what I try to reframe, I work in the resort community of Lake Geneva, Wisconsin. It is hard to get Buyers into the community to look at property when it is snowing and February. I keep thinking 'tell me it isn't so' but it is. Now, there are some folks back looking and it is either under 200K or over 4million. (No, not all my customers!) But I am tired of waiting to have people walk into the office....yes I advertise, but you know what I mean. So, I decided to bring the show into the Chicago area which is about 40-50 miles outside Lake Geneva. Our Buyers are all from the Chicago marketplace. I am holding an Open House at the Hampton Inn and Suites on Old Orchard Road in Skokie on February 26th, from 1-8 p.m. 'Lake Geneva Real Estate on the Road' I am ready to answer questions, print information, hand out listing information and be available to my Buyers, potential Buyers and my current clients with second homes. Social networking is about the discussion so tell me what you think or better yet send customers! I do work with referrals. And even better what you are doing to think outside the box. Thanks!

This client and I were talking the other day when he asks this question. Now I've been doing home mortgages for nearly 15 years and I thought I did a good job explaining this, but sometimes reality hits you right in the face.

To read the entire article click below:

FHA mortgages for first time buyers.

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For all your Lake Geneva Real Estate needs, contact Walworth State Bank today @ 262.728.4203 or visit us on our website at www.walworthbank.com! If you are in need of a Wisconsin FHA mortgage or any other lending questions visit us at www.TravisEgan.com.

As blogging is becoming so popular I have joined with several other agents on Lake Geneva, Wisconsin.

Click here to find me '2' at 'www.Guidemehome2lakegeneva.com

Check out all the info. on Southeastern Wisconsin.

I read an article today in the Washington Post that suggested the Treasury Department was working on a plan that would allow lenders to give mortgages at 4.5%. Now in fairness it sounds like they're still working on the details of the plan, but are interest rates the reason people aren't buying homes?

It's my belief the reason people aren't buying homes is a simple matter of jobs. Like will they have one in the coming months? None of my clients ever went into a home, hoping they would lose it in a foreclosure. Most clients think long and hard before buying a home. My realtor brethren will attest to this. They scrutinize everything. This is a good thing. The thing that will stop buyers dead in their tracks is the fear of losing their jobs. The last thing they want is to move in to their new home and in a short period of time have to move again because one or all of them lost their job.

Rates could go to zero percent on Wisconsin FHA mortgages. Home prices could be half of their tax value and people will not budge if they fear they will lose their jobs. When I talk with my clients their number one fear is losing their job. Interest rates and property values are much smaller concerns for them. They would rather rent until they know they weather the current financial storm ripping through this country.

I fear Secretary Paulson and his teams are once again looking for a simple answer to the current economic problems and I'm not sure this is it.

Travis Egan

Lender, Lake Geneva Real Estate