FAQ

DO I REALLY NEED TO TEST FOR RADON?
According to our experts, Radon is the second leading cause of lung cancer in America. Radon is an invisible radioactive gas which has no smell or taste. As soil decays, gas is released letting off radioactive particles, which then get circulated throughout a home. Because the risk of radon exposure is important to the wellbeing of your family, we believe that it is extremely important to test your home for radon prior to moving in. Generally speaking, if the home tests high for radon, higher than the Environmental Protection Agency’s action level of 4.0pCi/L, a sub slab radon mitigation should be installed.

For more information, go to www.lowradon.org or to our trusted radon mitigation installer’s website at www.lifetimeradon.com.

WHAT SHOULD I LOOK FOR DURING THE FINAL WALK-THROUGH?
Considering this will be the last time you will see the home prior to closing, it is extremely important to make sure there is no new damage from during the seller’s move-out or caused by any other circumstances. It is also the time where you can see hidden areas of the home previously unseen because furniture and the seller’s belongings were there. This is also the time to verify that any and all work requested of the seller has been completed.
IS BUYING BETTER THAN RENTING?
Yes, if you are in a financial position and ready to go. Buying a home has many short and long term advantages. You are not only building equity, you have home to call yours. This is where we also bring in our team of lenders to ensure that now is the time. Market inventory also plays a part in this decision. It is very important to confer with your trusted RE/MAX Service First advisor on when the right time is to enter the market.
WHAT DO I NEED TO CONSIDER WHEN PURCHASING A HOME?
There are many factors to consider when purchasing a home and depending on what’s important to you will determine what to look for.

Below are some factors to consider:

  • If you have children, considering the neighborhood and school district is often a top reason to choose a particular area.
  • The cost of the home and whether or not you can afford it is also a key factor when deciding on a home.
  • Is there enough room for your family to grow?
  • If you like to entertain, do you have the space?
  • Whether or not the home is a fixer-upper or is move-in ready?

Before you start looking for homes, it’s important to discuss needs and wants with your RE/MAX Service First trusted advisor. Your search criteria can then be filtered to provide a more efficient home search process. Technology is a strong suit of ours, and we have all the tools you will need to successfully find your new home but more importantly, love the home you find!

WHAT IS A SHORT SALE?
A short sale is when the sale of the home’s proceeds are less than the balance of debts secured by liens against the property and the homeowner cannot afford to pay the liens in full. When considering a short sale, it’s important to be flexible. A short sale may take an unpredictable amount of time to complete with no guaranteed closing date.
DO I NEED TO SELL MY HOME BEFORE BUYING ANOTHER HOME?
There are no penalties against owning two homes, yet it’s important to determine beforehand whether you can afford two mortgages. When putting your home on the market and deciding to purchase another home, homeowners must be financially prepared in the event their home doesn’t sell. Many times, homeowners will only purchase a home with a contingency that their existing home will sell. In the event your home doesn’t sell then you are not legally required to move forward with the new home purchase.

In today’s ultra hot market, however, if you find yourself competing against other offers, having this contingency may be a problem. One popular way to avoid this is to speak with our team of lenders who can guide you through the process of obtaining what is typically known as a “bridge loan.” This is a special consideration that needs to be discussed in detail with your trusted RE/MAX Service First advisor.

Contact us today at: (262)-287-9900 or email info@soldwisconsin.com

HOW MANY HOMES SHOULD WE LOOK AT BEFORE PUTTING AN OFFER IN ON A HOME?
There is no right answer to this question. Some people will only look at a few homes, but others will need to look at multiple options to make a decision. We will educate you to the right process so that you don’t need to look at dozens upon dozens of homes to know which one is perfect for you. When you see the right home, not only will you know it, but so will we – and we’ll recommend you move forward on making an offer at that time.
WHAT CAN I DO TO HELP MY HOME SELL FAST?
Being a motivated seller will significantly increase your chances of selling your home. Being “motivated” means listing your home at the most appropriate price, understanding your home’s condition and amenities as compared to your competition. We are not your typical realtors, and we will help you make an informed pricing decision by having a detailed pricing conversation.

There are many ways, often very inexpensive ways, that a seller can properly position the home for sale. Contact us before you get too far into the preparation stages, as we might be able to save you some time, money, and effort. Some things to consider are:

  • The upkeep of your home’s exterior and curb appeal
  • Having your home properly staged
  • Remove any clutter – a less cluttered appearance goes a very long way
  • Neutral colors, often times earth tones, and neutral décor
  • Overwhelming or overpowering smells can create a negative effect during showings; neutralize strong or pet odors
  • Removing or securing pets during showings
  • Your RE/MAX Service First advisor will walk you step-by-step through this process.

    DO I NEED A REAL ESTATE AGENT?
    It is not required that homebuyers or sellers use an agent, but it is extremely recommended that you do. In today’s litigious society, we guide you through the buying or selling process professionally. We are masters of what we do, and are highly educated in the legal ramifications of the process. Aside from paperwork, we also guide you through your deadlines, but it is our experience that will give you the advantage you wouldn’t have had going through this alone.

    Some people think that selling a home on your own is easy and comes without challenges. Although some people could do so without any problems, you would only market to approximately 5% of the market. Getting the best price and terms usually occurs when the entire market competes. Often times we can get even more than you could have on your own, while even paying our commissions.

    HOW SHOULD I PRICE MY HOME WHEN PUTTING IT ON THE MARKET?
    There are various factors to consider when pricing your home. A home should be priced to sell. RE/MAX Service First agents will visit your home and engage you in a pricing strategy conversation. We will also thoroughly examine all comparable homes within your area. We will examine your current needs and wants as well as what is important to you when listing your home to create a win-win relationship between us.

    Many people believe the strategy of over pricing your home “to see what happens because we can always lower the price later” will not hurt them. Truth be told, the first few weeks on the market are the most important in achieving your goal of selling your home at the best price and the best terms. The higher you price your home, the less buyers are available.

    During our pricing conversation, we will determine the best possible listing range for your home. We make all of our decisions as a team, and you are part of that team when you partner with us.

    WHAT IF MY OFFER IS REJECTED?
    Before an offer is made, we will collaboratively look at the merits of the home, comparable competition, and “sold” properties. We will advise you, as long as we have a Buyer Agency relationship, on the terms and price best suited for success. However, as with anything, competition lessens the leverage you have. If you have competition, you may even have to offer over asking price. Ask us about the tools we use to properly position you to win, such as with an escalation clause.

    Once you make an offer, the offer can be: accepted outright; rejected; countered; or multiple countered. In a multiple counter situation, the seller can counter multiple offers rather than just yours. Depending on the circumstances, your experienced RE/MAX Service First advisor will give you advice to best position your offer.

    ARE THERE ADVANTAGES TO WORKING WITH A REALTOR WHO HAS EXPERIENCE BUYING AND SELLING?
    The short answer is yes. The longer answer: Having a real estate agent who has worked on both sides of the market is incredibly helpful, especially for first-time home buyers or sellers. All of our agents are full time and experienced. We are also educated and train regularly to keep up with market changes and new trends.

    The realtors of RE/MAX Service First understand how to negotiate a fair deal between buyers and sellers since we have worked with both before. Experience matters; so don’t trust the purchase or the sale of your most important asset to an inexperienced agent.

    WHAT DOES IT MEAN IF A SELLING AGENT IS ALSO A BUYING AGENT?
    If a selling agent is also a buying agent, it means the real estate agent in question can work on both sides of the real estate market. For the realtors of RE/MAX Service First, this means we are able to help you sell your current house and buy a new one.
    HOW IS A REALTOR DIFFERENT FROM A REAL ESTATE AGENT?
    A real estate agent can be anyone with a real estate license. They are able to assist in the buying and selling of property. Anyone that practices real estate in the state of Wisconsin must be licensed to do so.

    Realtors® are real estate agents who have been approved for membership in the National Association of Realtors. To maintain membership, they must follow a strict code of ethics not required of regular real estate agents. The real estate agents of RE/MAX Service First are all Realtors®. As a Realtor®, we have taken our career seriously and strictly adhere to the professional standards that come with our membership.

    WHO IS PART OF RE/MAX SERVICE FIRST?
    RE/MAX Service First was founded by John Gscheidmeier who is a former firefighter and police officer. Educated in marketing and sales, John found himself passionate about helping people when they needed it most. In 2011, he obtained his real estate license and has since been consistently ranked in the top 1% nationwide for sales.

    John’s strict adherence to our 12 Points of Culture, as well as our Mission and Vision, is designed to attract the best agents. The very best agents will provide the very best service to our clients.

    Our agents are men and women who are full time, career-oriented professionals who have the same philosophy about helping people. We are passionate about what we do, and John’s company name should say it all. Our service to you is always FIRST.

    WHAT DO I NEED TO KNOW BEFORE BUYING LAND IN WISCONSIN?
    Land for sale in Wisconsin has many potential uses. You don’t want to get too far into the buying process without having as much information as possible. RE/MAX Service First agents will systematically gather as much information about any vacant land available for sale a client is interested in. It is important to know as much as possible about the property prior to drafting an offer to purchase. Some things to consider are:

    • Knowing how a property is zoned as well as potential future zoning
    • The future value of a parasol of land
    • If considering building, what subdivision or other restrictions exist
    • Depending on use, what potential future taxes will look like
    • Whether or not subsoil testing is required

    There are many considerations that must be taken into account when purchasing land. In Southeastern Wisconsin, as with many places across the country, land values continue to rise. We also specialize in working with building partners prior to the drafting of an offer on a parasol of land. This is the team approach that we use with everything we do, all designed to benefit you.

    CAN I SELL MY HOME IF I HAVE A SECOND MORTGAGE?
    Yes, you can sell a home with a second mortgage. However, it may be more difficult than if you just had one mortgage to deal with. You will need to pay off both mortgages, either using money from the sale of the house, another loan, or savings. If you cannot cover the remaining mortgage, you may have to arrange a short sale.
    CAN I SELL MY HOME IF I HAVE A MORTGAGE?
    Yes, you can still sell your home if you have a mortgage. In fact, most people do when they sell. It is very common, as most mortgages last for 30 years and there are plenty of reasons for someone to move in that time. You will have to pay off the remainder of the mortgage at closing. At least half of the sellers who then purchase a home still have a mortgage. Our job is to obtain the most money and best terms for you when you sell.
    CAN I SELL MY HOME IF I HAVE A REVERSE MORTGAGE?
    Yes, homes with a reverse mortgage can be sold at any time. The loan and interest must be paid off over the course of the sale.
    HOW DO I KNOW IF I NEED A SHORT SALE?
    A short sale is when the sale of the home’s proceeds are less than the payoff of loans, liens, or mortgages against the property. You will need one if there is no way for you to pay the remaining balance.
    CAN I SELL MY HOME IF THERE IS A LIEN AGAINST IT?
    Yes, homes can be sold with a lien against them. As with mortgages, the lien must be paid off at the time of sale. The amount can be settled using proceeds from the sale of the house. If there is not enough to pay the balance, selling the home will be difficult since very few buyers are willing to take a risk on a property with a lien.
    CAN I SELL A HOUSE THAT IS IN DISREPAIR?
    Yes, homes can be sold in any condition “as is”. However, such a sale will be difficult to pull off, as buyers will be harder to attract. Occasionally, deals can be made where the price of the home is lowered to make up the difference of repair costs. In some cases, the buyer may request the repairs be completed before closing the sale. It may be more difficult for buyers to get loans if the home is not livable and requires extensive work.
    CAN I SELL PROPERTY AROUND MY HOME WITHOUT SELLING THE HOUSE?
    Subdividing and selling parcels of land around your home will depend on the size of the lots created and their location relative to roads and utilities. You’ll have to check zoning requirements in your area to make sure you have enough land to be divided at acceptable sizes. You will potentially have to have the land surveyed and pay for various inspections and permits to subdivide your land. There may be rules on how the land can be developed as well, limiting your potential buyers. Consult a RE/MAX Service First expert before making this decision, we are experts in helping you manage this process.
    CAN I SELL A HOME I OWN BUT AM RENTING OUT TO TENANTS IN WISCONSIN?
    There are ways to sell a home if you currently have renters present. The first step will be to communicate with them about your plans. Otherwise, they can negatively influence the sale by refusing to cooperate with visitations and open houses. Although they are mandated to show the home, they are not mandated to clean up and make things presentable to your next buyer.

    Selling a home or investment property with tenants present can present some challenges. However, with proper guidance and communicating with your tenants, we can make it as smooth as possible. We will go over all of your options when we meet. We can then discuss your lease terms, as preferably your tenants would be on month-to-month lease terms.

    WHAT DO I NEED TO KNOW BEFORE I SELL MY WISCONSIN HOUSE?
    You’ll always want to start the home selling process by first contacting our experts at RE/MAX Service First. Our clients have best found success through our detailed process that first begins with a home tour. This is where we advise you on the things you still need to do to become market ready or things you shouldn’t waste your time and money on. Next, we analyze current competition (other homes for sale in your area) as well as those that have already successfully sold. We then enter into a pricing conversation on where we believe your home should be sold. That also involves conducting a market analysis, which we will do free of charge.

    Next, we take you through the staging process in preparing your home for open houses and tours. You’ll want to make your house is as presentable as possible to interested buyers. Our expertise will help you prepare the home inside and out.

    As you may have guessed, there is some paperwork that needs to be completed. We will have you sign a listing contract, which specifies what we will do for you during the timeframe we are listed. Sellers must disclose information about flaws of the home to potential buyers. These “Defects” would include disclosing leaks, water damage, electrical problems, or any other issues. Even though sharing this information may seem detrimental to the sale of your home, it is legally required. It also shows potential buyers that they are dealing with an honest seller. Failure to disclose can result in lawsuits from the buyers.

    Finally, we will conduct a title search of your property to discover any liens, encumbrances, and restrictions, which would complicate the sale. While a home can still be sold with a lien against it, the amount will be taken out of your closing cost profits.

    When you’re looking to buy or sell again, we’ll always be here to serve you.

     

    Telephone:
    262-287-9900

    Office Location:
    21075 Swenson Dr. #200,
    Waukesha, WI 53186

    Listing Office Name:
    RE/MAX Service First

    MLS Number:
    24000

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