A buyer recently asked “how do I get financing?” I’m glad you asked.

A buyer recently asked the question “how do I get financing?

To answer that question, the first step is to contact a mortgage loan professional in your area.

Getting the best advice for your individual circumstances is so important. So start by talking to a professional either in person or on the phone. And, get a second opinion. Banks have different programs and services. Find one that is the best fit for your needs.

The initial consultation

Talk with your home mortgage consultant about your financing needs, current situation, and goals. Your home mortgage consultant will help you determine the next steps, including:

  • Income, assets, liabilities, and current real estate owned
  • Credit reports

Your mortgage consultant will share information on loan products based on your needs and credit profile.

Ready to get pre approved? Connect with Edina Realty Mortgage. Or, visit my website www.JeanHedren.com

Edina Realty Mortgage

How to sell your home to millennials, Gen X, boomers, seniors.

According to a study released by the National Association of Home Builders, “Housing Preferences of the Boomer Generation: How They Compare to Other Home Buyers”. The study showed the following home features most wanted by each generation:

Millennials

  • Laundry room
  • Exterior lighting
  • Living room
  • Patio
  • Front porch
  • Both shower stall and tub in master bathroom
  • Ceiling fan
  • Hardwood on main floor
  • Deck
  • Energy Star-rated appliances
  • Dining room

Gen X

  • Laundry room
  • Energy Star-rated appliances
  • Exterior lighting
  • Energy Star rating for entire home
  • Energy Star-rated windows
  • Ceiling fans
  • Front porch
  • Hardwood on main floor
  • Patio
  • Living room

Baby boomers

  • Energy Star-rated appliances
  • Energy Star rating for entire home
  • Laundry room
  • Energy Star-rated windows
  • Exterior lighting
  • A full bath on the main level
  • Ceiling fan
  • Insulation higher than required by code
  • Patio
  • Hardwood on the main floor

Seniors

  • Laundry room
  • Energy Star-rated appliances
  • Energy Star rating for entire home
  • A full bath on the main level
  • Table space for eating in the kitchen
  • Ceiling fan
  • Double kitchen sink (side-by-side)
  • Energy Star-rated windows
  • Insulation higher than required by code

Buying your dream lake cabin – a quick start guide

Getting started 

Purchasing a lake home or cabin is different than buying a primary residence in a town or city. Whether the lake home will be your main residence or a second vacation home, there are other considerations to understand. This series Buying your dream lake cabin will provide you with some basics about the type of lake, the type of home or cabin, and other information you need to know to make the best decision, and a good investment, about purchasing a lake home or cabin.

Just as in buying any home or property, here are the first steps to take:

  • Visit with your loan officer and get pre-approved, or have proof of cash funds
  • Know your budget– what the bank will loan you.
  • Know the area you want to cover. The most efficient use of your time and the Realtor’s time will be an area of not more than 50 miles radius of a specific town, or, in general, the county, if you know that.
  • Do your initial research online. Have a general idea of what the market is doing; you can ask your Realtor good questions to confirm.
  • Find a knowledgeable Realtor. Someone that knows the local area well, the lakes, towns, and information about the area.
  • Meet first to begin a good relationship. Ask lots of questions. Your Realtor will be doing the same to get to know you and begin the process of finding the properties most appropriate to your needs and life style.

Curious to learn more about cabins and lake homes for sale in NW Wisconsin? As your NW Wisconsin Realtor, I’ll be glad to help you find the lake home, cabin, or waterfront property of your dreams. To get started right now, give me a call at 218-590-6634. Or, you can reach me at jeanhedren@edinarealty.com.

What are the three most important features of your dream lake cabin?

We all think differently. The property that’s perfect for you might not be perfect for me or for anyone else.

Those three most important items might be the type or size of lake, the perfect swimming beach, other recreation activities, the cabin style that best fits your lifestyle, the number of bedrooms, the garage size, distance from home, and certainly your budget.

Make a list of what’s most important. Trade-offs may be necessary within a particular price range. If you find the cabin and lake of your dreams, what are you willing to trade off in your price range? Keep in mind that even if money is no object, you’ll still need to make choices and trade-offs.  For example:  a quiet lake that’s good for paddling and wildlife watching may not be the type lake good for waterskiing and jetskiing.  It’s tough to find both in the same lake.

Start your lake home search at my website www.JeanHedren.com Jean Hedren, Edina Realty, NW Wisconsin. Or give me a call at 218-590-6634. 

It would be my pleasure to help you find the lake, home or cabin, or lakeshore lot of your dreams. Northwest Wisconsin including Douglas, Bayfield, Washburn, and Sawyer Counties. Communities: Gordon, Wascott, Minong, Barnes, Solon Springs, Trego, Spooner, and others.

A helpful moving checklist

You have an accepted offer on your dream home. Now what? Besides the inspections and financing responsibilities to do before closing, there’s a houseful of stuff to move. Here is a handy checklist from ABR Home Buying Resources designed to help you organize from 8 weeks out all the way to moving out and moving in.

Rebac

Tips for a NW Wisconsin real estate market in transition

I have several buyers who are patiently watching the MLS listings for an especially good deal.  I’ve also been passing along listings that seem like a good fit.  Sometimes buyers have been ready to move quickly, and that’s paid off.

Other buyers were busy with work and family commitments, and they needed to wait a couple weeks before we could schedule a showing.  Sometimes that still works out.  But other times I’ve requested a showing and learned that another buyer has just made an offer that’s already been accepted.  Notice a pattern here???

I’m a Realtor, and of course you’d expect me to say that right now is a great time to buy or sell.  But the thing is, right now that’s especially true.  Consumer confidence is up, we’ve been seeing some promising economic indicators, interest rates are still low, and our Northwestern Wisconsin real estate market is moving faster than the snow was melting this spring.  (April 25 update: snow is gone, lakes are mostly open.) That’s good news for buyers and sellers alike.

If you’re a seller, you’ll still be facing some competition.  There’s a lot of inventory out there, and it’s important to have realistic expectations about what your home, cabin, or land is actually worth in today’s market.  But prices are more stable; homes priced correctly for the local market are selling quickly. Homes priced on the high side are languishing.

And if you’re a buyer, here are some tips to keep in mind during this transitional market.  Even if our market here in NW WI isn’t white hot, it’s at least warming up enough so you’ll need to let go of certain assumptions that are no longer valid.  If you find something you like and it’s a good value, don’t assume no one else has noticed it and come to a similar conclusion.  Instead, please call me so we can schedule a showing now.

If we go take a look and you like what you see, don’t assume you’ll be able to think things over for even a couple weeks before you take a second look.  Someone else with similar tastes may have also seen this home or cabin for the bargain it is.  By the time you’ve taken two more months to think it over, their moving van could already be backing up to the front door.

Finally, here’s one last bit of advice.  Pursue perfection, but prioritize your wants and needs.  Now, not all of my buyers have the same dreams.  Some, for example, want a sandy beach, while others want a small quiet lake that’s better for fishing and watching wildlife.  But when you do find the location that’s just right for you, you can always remodel the bathroom or replace that pink carpeting in the guest bedroom.  Know what matters most, and know what you want so you’ll be ready when you see it.

So, if you are thinking of selling real estate in NW Wisconsin, call Jean Hedren, Edina Realty NW Wisconsin, 218-590-6634. Email: jeanhedren@edinarealty.com. I’ll be glad to help.

NW Wisconsin Realtor achieves national recognition

I’m delighted to announce that I’ve just earned my official Accredited Buyer’s Representative (ABR®) designation from the National Association of Realtors, joining more than 25,000 real estate professionals across the globe who have earned the ABR® designation.  It was a little work, but it was totally worth it—for me and for you.

So what does it take to earn the ABR®designation, and how does me being an ABR®benefit you as a buyer?  Let me explain.  

The ABR®designation is only awarded to licensed real estate professionals who complete specialized training that gives them the edge in understanding a buyer’s perspective—and also in protecting and promoting their buyer-client’s interests.  In addition to completing certain courses, I also needed to document the long track record I already had in successfully representing buyers. 

So what’s in it for you?  As an Accredited Buyer’s Representative (ABR®), I’m better equipped to:

  • Understand your specific needs and help you find the lake home or cabin that’s right for you.
  • Advise you in formulating your offer and help you develop an effective negotiating strategy.
  • Keep track of every detail throughout the transaction—to closing and beyond.

When you work with me, you can feel confident that you’ll receive the highest possible level of buyer representation services.  And that, in a nutshell, is what’s in it for you.

So while I also enjoy listing properties for sellers, I’m delighted to announce that I’m now officially an Accredited Buyer’s Representative (ABR®).  Whether you’re thinking of buying orselling, I’d love to hear from you.  Just give me a call at (218) 590-6634.

P.S. — Wondering how those other letters after my name might benefit you? Here’s the scoop:

CRS: The Certified Residential Specialist® (CRS) designation is a symbol of excellence in real estate. The highest credential awarded to residential sales agents, managers, and brokers, CRS certification recognizes professional accomplishments in both experience and education.

SRES: A Seniors Real Estate Specialist® (SRES) is a Realtor® who’s met certain educational requirements that help us better address the unique needs of home buyers and sellers age 50+. By earning the SRES® designation, I’ve demonstrated the knowledge and expertise required to counsel clients age 50+ through major financial and lifestyle transitions when they’re relocating, refinancing, or selling the family home or cabin. Given our current demographic trends here in NW WI (especially in our local lake home and cabin market), these skills benefit a large percentage of my buyers and sellers.

RSPS: The Resort and Second-Home Property Specialist (RSPS) certification is awarded to Realtors who complete additional CRS coursework related to the buying, selling, or management of properties for investment, development, retirement, or second homes in resort, recreational, and/or vacation destinations. Since I specialize in northwest Wisconsin lake homes and cabins, this extra background in recreational properties and second homes benefits a large percentage of my buyers and sellers.