GREETINGS FROM VERNA ACKER
REALTY EXECUTIVES Elite
414.534.7400
FOR YOUR INFORMATION:
Real Estate Information from Western Racine County; Waterford, WI 53185
Vol XVIII August, 1999

IT'S ABOUT TIME…..
….that I get a newsletter out. Our days continue to run out before our list does. The "newsy" portion of this will likely be short so that we can get the new listings and sales out to you. Be sure to e' back to us if we haven't included the properties that interest you.

AURORA IS TAPPING INTO WATERFORD'S GROWTH
The Aurora Health Clinic has unveiled plans to construct a new clinic facility slated to open in the spring of 2000. It will consolidate the two clinics in Waterford and Wind Lake. The clinic will be located on the southwest corner of Hwy 36 and Hwy 164 at the northerly part of Cornerstone Crossing. First McDonald's came to town and now Aurora has decided to invest here, too. There must be something good going on in Waterford!!

GOOD NEWS FOR TAXPAYERS IN THE WATERFORD HIGH SCHOOL DISTRICT
Holdover projects from the 1997 addition and renovation projects at Waterford Union High School and the addition of six new teaching positions are contributing to a nearly 6% increase in the district's budget over last year. The Good News? Watch the equalized valuation of the district. The growth in this area is expected to increase the valuation of the area and will likely contribute to a stabilization of the tax bills, despite the need for more money. That opinion is expressed by school and tax officials from the area. We will have to wait until December to find out for sure, however. Remember, just because expenses go up, taxes don't necessarily do the same.

YOUR REAL ESTATE AGENT AND LEGAL OR TAX MATTERS
The real estate agent, unless certified otherwise, is neither an accountant nor an attorney. The agent can help to explain the contracts to you. To interpret how those contracts affect you and the legalities of the contract verbiage, the buyer and the seller is always advised to consult an attorney. The competent Realtor should keep themselves educated regarding the contracts and how to write them proficiently. The Realtor is responsible for drafting a contract that will convey the wishes of the parties to the contract. It is always, however, a good idea to use a clause that allows your attorney to review and approve of the contracts, especially if there is anything out of the ordinary, beyond the pre-printed language and the normal fill-in-the blanks.

WHAT'S NEW IN THE REAL ESTATE MARKET
Because I am behind on getting the new listings and sales to you, we will split them a bit differently: The attachments will be as follows: *Waterfront/Listed since 7/10/99 *Vacant Land/Listed since 7/10/99 *Waterfront/Sold since 7/10/99 *Vacant Land/Sold since 7/10/99 *Single Family $0-$150,000 *Single Family $150,001 – Highest Listed since 7/10/99 Listed since 7/10/99 *Single Family Sold since 7/10/99 *Condominiums Listed /Sold since 7/10/99 Let us know if you want us to mail this information, just in case you can't access the attachments.
NOTE: Attachments not archived.

THOUGHT FOR THE DAY
The best kind of pride is that which compels a person to do their very best work, even if no one is watching.

DO YOU HAVE A TOPIC THAT YOU WOULD LIKE TO HAVE ME COVER?
Let me know what it is and I will do my best to get information.

GREETINGS FROM VERNA ACKER
REALTY EXECUTIVES Elite
414.534.7400
FOR YOUR INFORMATION:
Real Estate Information from Western Racine County; Waterford, WI 53185 Vol XIX August, 1999

REAL ESTATE IS ALIVE AND WELL!!
The real estate industry is doing quite well. Homes and property is selling, in spite of the naysayers of the papers and TV. Julie Kramer, loan officer at Firstar in Lake Geneva, sent us the rates as of August 26, 1999: 7.75% with 0 points for a 30 year fixed and 7.5% with 0 points for a 15 year fixed. Greenspan's moves have not affected the real estate market just yet. Remember, even if the rates go up the market is exceptional. If we curb inflation the cost of other goods will be held. A slight adjustment in home mortgage rates will be more than offset in the stable consumer prices.

DID YOU KNOW???
Sturtevant and Waterford top the list for growth among southeastern Wisconsin cities and villages. The Public Policy Forum's annual study of government taxing and spending in southeastern Wisconsin included all Racine County cities and villages outside the City of Racine. Sturtevant and Waterford not only led Racine County in many areas, but also outpaced communities in Milwaukee, Waukesha, Ozaukee and Washington counties. This information was offered by the Milwaukee Journal Sentinel in their May 16, 1999 issue. The village of Waterford ranked first among Racine County cities and villages in the 10-year percentage of growth in four areas: equalized value of property; property value per capita; residential property value; and commercial property value. The upgrading of Highway 36 from a two-lane, rural highway to a four- lane, divided highway keyed Waterford's growth, said Arnold Clement, Racine County's development director. Some people had been attracted to Waterford's rural, small-town atmosphere and good schools, but with the highway expansion, the "best-kept secret of quality areas have now been opened up, he said. The recently completed 19-mile, $20 million widening project from Burlington to Milwaukee also drew people who work in Milwaukee since it cut down the commuting time from Waterford.

We love it in Waterford. The wonderful things that are happening here are exciting.

DO YOU KNOW SOMEONE WHO WOULD LOVE TO LIVE HERE IN AN EXTRAORDINARY ANTIQUE BEAUTY?
I am having an open house at 504 S. Front St in Rochester this Sunday. This is such a gorgeous home of about 2600 s.f. It has 6 bedrooms, 2 baths, nearly a ¾ acre lot and 3 car garage. It is a brick bungalow with leaded glass, French doors, crown molding and beautiful woodwork. Hardwood floors, too. Come to see or send your friends between 1 and 2:30 Sunday afternoon, August 29.

WHAT'S NEW??
Go to the attachments for the newest listings and the newest sales, back to August 16, 1999. If you cannot access the files as attached, let us know. Also, we are adding some new software that should make it easier to access the attachments and to zip the files together for our aol users that are having difficulty. Let us know if our changes are beneficial. NOTE: Attachments not archived.

DO YOU HAVE A TOPIC THAT YOU WOULD LIKE TO HAVE ME COVER?
Let me know what it is and I will do my best to get information.