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

ARE YOU WATCHING FOR THE NEW LISTINGS?
Go to the attachment for all of the Western Racine County new listings in all categories that have been listed since April 23, 1999. If you want a more complete print out of any of these properties, just e-mail back to me and reference the 7-digit ID number that you will find at the upper left corner of the print out. (NOTE: The attachments have not been archived)

WHAT HAS SOLD IN THE AREA SINCE April 23rd?
We offer this service to keep you informed regarding the price properties are going for in this community. It can help you to determine if asking prices are in line and what your property might sell for. Go to the attachment for Solds. E-mail to me if you would like complete sold information and property details on any property.

WHO DO YOU KNOW WANTS TO BUY A WATERFRONT PROPERTY?
We have attached a "Quick-Print" description of ALL waterfront properties that are available in this area. We have included single family and vacant land, from the least expensive to the most. Again, e-mail to me for a complete description of any property that is of interest. If you are unfamiliar with the waterways in this area, go to the Area Lakes button for statistics and description of the lakes. Also, go to the "Our Town" button for a picture tour of Lake Tichigan and the Fox River, if you wish.

WE FOUND SOME WEB SITE ADDRESSES THAT YOU MIGHT ENJOY
www.moversresource.com all sorts of help for your move including a moving calculator that will tell you the approximate cost to have a professional move your belongings.
www.expedia.com Microsoft's site for travel, hotels, and rental cars.
www.movecentral.com/addresscentral filing a change of address couldn't be easier than doing it online instead of standing in line at the post office
www.expresscopy.com send your files over the Internet by noon today and receive your color printing delivered to your office the next day. Besides the convenience, the prices are great.
www.learnthenet.com place to learn about the Internet
www.whowhere.com/phone a very convenient and quick place to locate a phone number, reverse directory including 800 numbers.

A REALLY GOOD BOOK
Try Julie Garton-Good's book "The Frugal Homeowner's Guide to Buying, Selling, Improving Your Home. It is an excellent resource. I purchased mine through www.amazon.com

DID YOU KNOW THAT FHA IS EASIER TO USE IN RACINE COUNTY?
The highest mortgage for a single family home is now $120,175 and the highest for a two-family is now $147,408. These numbers are up considerably from the "under-$100,000" figures that we used to deal with. If you want more information on FHA, call a loan officer, e-mail to me, or go to my web site and go to the button for HUD on the real estate page.

WHAT IF THE APPRAISAL IS LOW ON THE PROPERTY YOU ARE PURCHASING?
QUESTION: If a low appraisal comes in, does this give the buyer the right to claim that the financing contingency cannot be met?
ANSWER: The financing contingency is designed to allow the buyer to find satisfactory financing. The buyer has the duty to use a good faith and due diligence in completing the terms of the contract, including seeking financing per the terms of the contract.

If the buyer accepts financing and submits the loan commitment to the seller, even if it is subject to an appraisal, the buyer has fulfilled the loan commitment requirement and has assume the risk of the property appraising at the proper value.

If, in addition to the financing contingency, the buyer requires an appraisal contingency, it should be drafted into the original offer to purchase. The parties may, by amendment, agree to add an appraisal contingency if the buyer is unwilling to remove the financing contingency without this protection. NOTE: This has been taken from the Designated REALTOR hottips article dated April 5, 1999 by Rick Staff, VP of Legal Services for the WRA.

SEE YOU NEXT TIME!

THOUGHT FOR THE DAY: We can't all be shining examples, but we can at least twinkle a little.

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

LEGAL MATTERS
ADDITIONAL LEAD-BASED PAINT REGULATIONS KICK IN JUNE 1, 1999
Beginning June 1, 1999, property management firms, landlords and renovation contractors will be required to distribute lead-based paint notification pamphlets before beginning repairs or renovation work in any buildings constructed prior to 1958. Exempted from the requirement are minor repairs and maintenance activities (including minor electrical and plumbing work) that disrupt two square feet or less of painted surface per component (de minimus rule). For the complete report and further information, go to www.leadsafeusa.com. Violators may be subject to civil penalties of up to $25,000 per day per violation and criminal penalties of up to $25,000 per day and imprisonment for up to one year for each violation.

LOOKING FOR A "MONEY" WEB SITE?
Try www.quicken.com. You will find mortgage calculators, available loans and a lot of other information, too.

COOL SITE!
Whatis.com is a knowledge exploration tool about information technology, especially about the Internet and computers. It contains over 2,000 individual encyclopedic definition/topics and a number of quick reference pages. The topics contain about 10,000 hyperlinked cross-references between definition-topics and to other sites for further information. Go to www.whatis.com

Our office has been extremely busy this past week so the newsletter is a little short.

ARE YOU WATCHING FOR THE NEW LISTINGS?
Go to the attachment for all of the Western Racine County new listings in all categories that have been listed since May 1, 1999. If you want a more complete printout of any of these properties, just e-mail back to me and reference the 6 digit ID number that you will find at the upper left corner of the printout. My e-mail: verna@vernacker.com

WHAT HAS CLOSED IN THE AREA SINCE MAY 1, 1999?
We offer this service to keep you informed regarding the price properties are selling for in this community. It can help you to determine if asking prices are in line and what your property might be valued at on today's market. Go to the attachment for Solds. E-mail to me if you would like complete sold information and property details on any of the properties. verna@vernacker.com

Last week we gave you all of the Waterfront properties that were available. THIS WEEK…
WHO DO YOU KNOW WANTS TO BUY A HOBBY FARM?
5-20 Acres. Attached is a "Quick-Print" description of ALL Hobby Farm properties that are available in Western Racine County. Again, e-mail me for complete information regarding anything that may be of interest. If you would like a similar print out for Walworth County and/or Kenosha County, let us know. E-mail me: verna@vernacker.com

IF ANY OF THESE ATTACHMENTS DON'T WORK FOR YOU, e-mail to me for a different format or we will mail the info to you.

NOTE: Attachments have not been archived.

I HAVE 3 NEW LISTINGS THAT MAY INTEREST YOU OR SOMEONE YOU KNOW:
525 Adams St. Burlington. $117,900. This is a circa 1900 two story Victorian on a corner lot. It has leaded glass, wood floors and 4 bedrooms. It is in the vicinity of Mount Carmel and The Wellness Center. Call 1-800-201-9295 and touch Code 3010 for a complete description and an instant fax-back.

30821 Camelback Mountain Road. Rochester. $344,900. PRIVACY PLUS!! This is an extraordinary, executive-class home. 2680 square feet. It is a beautiful colonial on set high above the street on a 2+ acre, fully wooded lot. It has a winding drive up to the front door. The grounds are like a park and the interior is tastefully done. Call 1-800-201-9295 and touch Code 2120 for a more complete description and an instant fax-back of the property info sheet.

608 Oak Drive. Waterford. $121,900. This 1950s ranch has been beautifully maintained and nicely updated. It is located just south of the schools in a special neighborhood. There is a private back yard and a large, two-car garage. Call 1-800-201-9295 and touch Code 2180 for complete description and Fax-back.

1937 Crestwood Dr. Raymond. $139,900. This pretty ranch is located in a cluster of homes just "a skip" off the freeway. A boulevard gives you a "woodsey" feeling and the pastoral farm fields to the west make you feel like you are miles away from Monday. By Wednesday or Thursday you can call 1-800-201-9295 and touch Code 3020. I haven't got the information complete at this writing.

THOUGHT FOR THE DAY
Work like you don't need the money; Love like you've never been hurt; And, dance like no one is watching.

SEE YOU NEXT WEEK!
BTW: We are reaching more than 400 people, starting with just 35 in January. We are enjoying the responses that we receive from you. Verna

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

ARE YOU WATCHING FOR THE NEW LISTINGS?
Sorry that this is tardy. We have been extremely busy and our days keep running out before our list does. If you want a more complete printout of any of these properties, just e-mail back and reference the ID number at the top left corner. If your system cannot access the attachment, let us know what format to use. We will mail it, too, if that is more convenient.

WHAT HAS SOLD IN THE AREA SINCE THE LAST NEWSLETTER
back to 5/19/99. We offer this service to keep you informed regarding the price properties are going for in this area. Go to the attachment for SOLDS. E-mail us for more info or to ask for a different format for your access. NOTE: Attachments have not been archived

CAN'T FIND THE ADVERTISED RATES?
We often hear that people see rates advertised in the paper or on the web and they can't find those terms. Sometimes those rates are "teaser" rates, somewhat like the airlines advertise to get you to call. Sometimes the rates in the newspapers are taken from national rates quotes and are not matched in the market area within which you are working. Other factors come into play, too. If you have a co-buyer who won't be living in the property or if you are buying property as investment you will usually be asked to pay about 3/8 percent higher and will likely be asked to put 25% - 30% down instead of the 5% down for owner occupied. For more information, go to www.mtgprofessor.com

DON'T FORGET THE NEW LEAD PAINT REGULATIONS
The new regs kick in June 1. Property management firms, landlords and maintenance and renovation contractors should be sure to be informed. Go to www.leadsafeusa.com.

EXURBIA
There is a new word out there! "EXURBIA" and it sounds like that is where we live!! According to the Milwaukee Journal Sentinel, the "Exurbs" are the land beyond the suburbs. The Exurbs are where the big growth in property value in the metro area has occurred during the last decade, according to a new report from Milwaukee's Public Policy Forum. The growth patterns in unincorporated towns has prompted a state legislator (Rep. Carol Owens-R-Oshkosh) to propose a new law giving the largest unincorporated towns new legal powers against annexation.

THE BOATING SEASON BEGINS THIS WEEKEND
Attached is an updated list of all of the WATERFRONT PROPERTY that is for sale in Western Racine County. Let us know if you need it in a different format or would like the info mailed to you. NOTE: Attachments have not been archived.

THOUGHT FOR THE DAY: The only thing worse than a quitter is the person who is afraid to begin.
"Have a safe a happy Memorial Day weekend.
Drive carefully and play safe!"