Nicole Charles earned her Wisconsin Real Estate license in 2007, and by June of 2009 was in the top 1% of agents in the South Central Wisconsin MLS based on sold volume for that year. She was named the 2008 Keller Williams North-Central Region Rookie of the Year, and attributes her success to the power of networking. She was Wisconsin's number one Keller Williams single agent based on sold volume in 2009, and the majority of her volume came from referrals.

Contact Nicole and let her help you find your new home. (608) 513-0021 ∙ nicolecharles@kw.com

Tuesday, June 30, 2009

Arranging Furniture to Maximize Space for Summer


During warm-weather months, you have a primitive urge to clean up and re-arrange your living space. Just about everyone would like to have more living space, but it’s a challenge for most people to be ruthless when cleaning out their living area (or closets). But the results are a more serene and peaceful environment that will soothe you when you open your door.

Being tough is easier when you know you are giving away items to a charitable organization, and that someone in need will make good use of them; or, that you’ll make a little money by selling them. Live by the rule: reduce, resell, and recycle.

Lauren Wilkins, an Interior Design instructor at The Art Institute of New York City, says summer is prime time for entertaining, so lighten the feel of your environment. She suggests having small occasional tables, benches or stools to pull out of the closet when company comes. Scale is important; remove a big table and add nesting tables.

Brightening up the color scheme is simple and inexpensive. Vibrant colors are summery, or if you prefer, cool colors can create a serene environment — think of the blues and aquas of the ocean, a lake or a pool. “The heavy objects like major pieces of furniture will stay, but pillows, throws and light-weight curtains can be bought very inexpensively, and can change the tone of the room," Wilkins says. "The dark colors of fall — burgundy, brown, deep olive — are switched to bright florals, stripes or light solids. These are inexpensive but effective changes.”

LaToya Nelson, also an interior design instructor at The Art Institute of New York City emphasizes sustainability: She says, “Help the environment by making sure the sun doesn’t blaze through the windows leading to an increase in air conditioning use. Window treatments can help. They contribute to the aesthetic environment but also act as thermal barriers by reducing the direct impact of the sun,” she says.

“If you have direct southern exposure, protect the room,” Nelson says. “Eco-friendly products utilizing rapidly renewable or recycled materials may enhance the interior atmosphere by connecting the interior environment with nature. And of course, bringing plants inside is a way of bringing the outside in.”

Both instructors agree that this season it can be more than furniture you rearrange — it can be your attitude and awareness of nature and its harmonious relationship with your home space.
(Article from www.artbistro.com)

Cool Camping Gadget: "Notebook Grill"

If you’re a camper looking for a better, more portable way to bring along a BBQ grill to that campout or to the beach without cooking over a live campfire, you may want to try this “Notebook” BBQ grill by HotSpot.
Built like a folding chair, but with a handle like a briefcase, this grill is made of sturdy metal and comes with a built in grill rack. Grillers simply unfold it, fill it with charcoal or wood, and light'er up. And the Notebook grill is far better than those cheap temporary models made out of bakers aluminum which can be tossed away afterward, but are so fragile they bend out of shape - not to mention meat that sticks to the chicken wire style grill rack.

The Notebook Grill is a real grill that you can use over and over, and yet fold and put away in the back of the pickup truck.

Buy it on Amazon here.

(Article from www.coolest-gadgets.com)

How A Room's Paint Color Can Affect Your Mood


Before you pick up that paint brush or roller, read through our color psychology information. It just might help you set the appropriate mood for your indoor space.

Red packs a wallop, physiologically speaking, increasing blood pressure, heartbeat and energy in most people. It instills feelings of intimacy and passion. Red also increases the appetite, which explains why it is used so often in restaurants, and why it can be a good choice for a formal dining room.

Orange, like red, tends to warm a room, but in a more friendly and welcoming way. As a result, paints in various shades and tints of orange work well in living rooms and family rooms.

Yellow is also warm and welcoming, but it is more attention-getting than either red or orange. For this reason, it is a good paint color to use in poorly lit foyers or dark hallways.

Blue, which is part of the cool color palette, makes us feel calm and tranquil, so it is ideal for use in bedrooms. But since blue works as an appetite suppressant (perhaps because there are few blue foods) it is not the best option for a dining room ... unless you're on a diet.

Green is another relaxing color that is much more versatile than blue. Light greens are ideal for bedrooms and living rooms; midtones are good for kitchens and dining rooms (many foods are green). Also, because green is calming, it is often used in hospitals, workplaces and schools.

Violet is a tricky color, psychologically speaking. Many adults dislike purples, but are fond of the rose family, which can work in many rooms, including dining rooms, bedrooms and libraries. Young children, on the other hand, respond favorably to violet, so this color can be used successfully in children's bedrooms and play areas.

These general guidelines are a good starting point in your search for a paint color. But remember that color choice is a very personal matter. You're the one who has to live with your new paint color, so choose a hue that suits you, your family and your lifestyle.

(Information from "The Impact of Paint Color On Your Living Space" by Debbie Zimmer of The Rohm and Haas Paint Quality Institute. Image from www.realsimple.com by Hallie Burton.)

Monday, June 29, 2009

It’s Not Too Late to Plant Vegetables!


By the third week of June, your beans should be up, peas in flower and corn plants emerging from the soil.

Haven’t yet planted a vegetable garden? There is still time to put seeds of beans, carrots, cabbage and squash into the soil.

Take a shortcut and buy plants already started in 4-inch pots or gallon-sized containers from the nursery and you’ll still have all summer to watch them grow.

Almost any vegetable can be grown in a pot, but squash, cucumbers, tomatoes and herbs are the easiest if your “farmland” is nothing more than a deck or a patio.

This is also the week when your fading tulip, daffodil and other spring bulbs can have their foliage removed and suddenly you’ll find more room in the garden for brightly blooming annuals.

The test to make sure that the bulb foliage is ready to rip is to give the yellowing leaves a gentle tug. If the foliage pulls away easily, it’s time to clean up.

Letting the leaves of spring bulbs ripen slowly in the garden will help the bulb to make blooms for next year.

(Article from http://www.theolympian.com/)

How to Make the Perfect Burger

Six Steps to a Delicious Beef Burger
To make four succulent beef patties, start with 1.25 pounds of ground chuck, 85% lean or less. Then heat your grill to medium-high and follow these easy but expert instructions.

Step 1:
Divide the meat and gently form it into four balls. Don't overwork the meat or it will become dry and tough.

Step 2:
Flatten the balls into three quarter inch thick patties. Also, flatten the top and sides of each patty to ensure that the thickness is the same throughout.

Step 3:
Use your fingers to make a shallow well in the top of each patty. This will prevent overplumping. Season the patties with salt and pepper.

Step 4:
Oil the grill grate using a pair of tongs and a paper towel dipped in canola oil. Don't spray on the oil or you'll risk a flare up.

Step 5:
Cook, with the wells facing up, until the burgers release easily, four to five minutes for medium. Don't press or flatten. Flip; cook four to five minutes more.


Step 6:
Check the doneness with a thermometer. Insert it through the side so the tip is in the center. It should register 155 degrees for medium.


(Instructions and illustrations from Real Simple magazine. Visit http://www.realsimple.com/ or go here to subscribe to the magazine.)

Home Staging Tip: Painting

Are you selling your home? Getting your home "Market Ready" can be easy with this Home Staging tip!



Aluminum Foil as Paint Protector

Protect doorknobs and hardware in the kitchen and bathroom when you’re painting by wrapping foil around them to catch dribbles. The foil molds to the shape of whatever it’s covering and stays firmly in place until the job is complete.

(Tip from www.realsimple.com. Subscribe for Real Simple magazine here.)

Wondering If Now Is the Right Time to Buy a Home?

Rates are at low levels. Some say it's a buyer's market. But is the time right for you? Ask yourself some questions.

Does buying a home fit in with my larger plans?
Prioritized homeownership among any other financial goals you may have. Ask yourself:
-Would buying a home mean stretching to my financial limits? If so, where can I make changes in my budget to keep it more balanced?
-Will I still have enough for other opportunities or for unexpected emergencies?

What can I comfortably afford?
Which is better than asking, "How much could I burrow?" Rather than focusing on your lender's limits, focus on the home loan that provides you with the best opportunity for success. Keep in mind how much you can afford to spend on a home without putting the rest of your financial plans on hold.

What will lenders consider when I apply for a loan?
There are three main areas lenders review when prequalifying you for a loan: income and expenses, credit score, and down payment and closing costs.

What will my credit score need to be?
This number is generated by the credit reporting agencies and represents your overall credit health; a higher score increases a lender's confidence in your ability to pay back a loan and make payments on time. Find your credit score by viewing www.annualcreditreport.com, a site sponsored by the three credit reporting agencies, Equifax (r), TransUnion (r), and Experian (r). As a general guideline, if your score is below 620, you may want to hold off on buying a home until you can improve your credit - or talk to a loan professional about your specific situation.

What percentage will be required for a down payment?
Having at least 10% to 20% to put toward a down payment on a home tells lenders that you're prepared to make a financial commitment to the home, and increases their confidence in your ability to pay the loan. It also puts you in a strong position financially, as you won't have to burrow as much from your lender. In most cases, a down payment of less than 20% requires that you carry private mortgage insurance (PMI) at an extra cost.

Are there other options if I don't meet these lender requirements?
There are affordable loan programs to help qualified low-to-moderate-income borrowers become homewoners. Certain home loan programs require potential borrowers to receive home buyer educaion. The benefit is that you may qualify for a loan program that can help you make a minimum down payment or qualify for varying forms of assistance, depending on your financial situation or the location of the home. In many areas, home buyers can receive assistance with down payment and/or closing costs from local community agencies. Check with a loan expert at your bank to find out if you qualify for these programs.

If I can't buy a home right now, what should I do to prepare myself?
It's never too soon to begin saving for a down payment, even if buying a house is far off in the distance. Consider setting up a separate savings account for your down payment fund and depositing money regularly into it.

What are the financial benefits of homeownership?
Tax advantages are one of the biggest financial benefits of homeownership. As a general rule, most homeowners can deduct most or all of their interest payments on their home loan, property taxes, and loan points, but check with your tax advisor to be sure.

(Information from Bank of America. For more information visit www.bankofamerica.com/homeloans)

Saturday, June 27, 2009

Rhythm & Booms Postponed!

Rhythm & Booms has been postponed to Sunday due to the threat of severe weather.

Deb McCue, vice president of the Madison Fireworks Fund, confirmed that the event has been canceled for Saturday and will instead be held on the rain date, Sunday, June 28. McCue said it was a public safety decision to delay the event. "The threat was too severe and too late in the day," McCue said. "We couldn't take the risk of a huge crowd in the park."

Rhythm & Booms, "the largest fireworks display in the Midwest," is set to begin at 9:30 p.m. Sunday.

The Madison Mallards game scheduled for 5:05 p.m. Saturday is still on. The Mallards will also play at 3:05 p.m. Sunday.

(Article excerpt from Madison's Channel3000.com)

Friday, June 26, 2009

Crafty Home Staging Projects: Tin Can Alley

Are you selling your home? Getting your home "Market Ready" can be fun with these easy Home Staging craft projects.

Tin Can Alley

You'll Need:

  • Several Aluminum Cans (emptied and cleaned)
  • Tin snips
  • Sharpie marker, any color
  • Spray paint, in silver metallic
  • Work gloves
  • Tea lights

Here's How:

  1. Divide your can into four equal parts by drawing short vertical lines with your Sharpie around the lip of your can at quarter turns.
  2. Draw four petals evenly around the can, inside the lines you've marked.
  3. Cut off the rim of the can with the tin snips.
  4. Cut out your petals.
  5. Carefully bend the petals outward, so the can looks like an opening flower.
  6. Cover the petals with silver metallic spray paint.
  7. Make as many as you need to line your driveway or patio, and put a tea light in each one to light the way.

(Project from "The Big-Ass Book of Crafts" by Mark Montano. Photos by Auxy Espinoza. Get your copy of this awesome book on Amazon here.)

Whose Messy Desk Is That?

She says she knows where everything is. :)

Michael Jackson, here Performing "Billie Jean" Live in 1983

Bye Mike :(

Thursday, June 25, 2009

Places to Watch Rhythm & Booms

Rhythm and Booms Madison Wisconsin Nicole Charles and Associates
Rhythm and Booms Fireworks show
Saturday, June 27th


Where to watch Rhythm and Booms:

Warner Park
Corner of Northport Dr. and Sherman Ave., Madison

Department of Human Services Hill
1202 Northport Drive, Madison
(One block west of Warner Park)

By Boat on Lake Mendota
Sailboats can be rented from the Hoofer Sailing Club at the Union
800 Langdon St., Madison

Tenney Park
1414 E. Johnson St., Madison

UW Memorial Union
800 Langdon St., Madison

Burrows Park
25 Burrows Rd, Madison, WI‎

James Madison Park
614 E Gorham St, Madison, WI

Marshall Park
2101 Allen Blvd., Madison, WI

Governor Nelson State Park
5140 County Road M, Waunakee, WI‎

Capitol Square Panorama

to take a panoramic tour
of the historic Capitol Square

NICOLE MET EMERIL!

Emeril Madison Wisconsin Nicole Charles and Associates
BAM!!

Neo Maya Art Series

Untitled Cat Maya Charles Madison Wisconsin Nicole Charles and Associates Keller Williams Realty Real Estate"Untitled: Cat"
by Maya Charles
$25,000.00


Untitled Shark Maya Charles Madison Wisconsin Nicole Charles and Associates Keller Williams Realty Real Estate"Untitled: Shark"
by Maya Charles
$20,000.00


Untitled Mermaid Maya Charles Madison Wisconsin Nicole Charles and Associates Keller Williams Realty Real Estate

"Untitled: Mermaid"
by Maya Charles
$25,000.00

The first pieces by Nicole's daughter, prodigy Maya Charles, in a series yet undiscovered by the art community.

Bill Bushart at The Comedy Club

Bill Bushart Comedy Club Madison Wisconsin Nicole Charles and Associates Keller Williams Realty Real Estate Come see Bill Bushart at the Comedy Club this Thursday and Friday! (June 25/26)

"Bill Bushart is one of the top acts in the Detroit area. A Michigan native, Bill has traveled the Midwest comedy circuit for the past five years. He has worked with some of the biggest names in comedy including Bobcat Goldthwait, Pauley Shore, Louie Anderson, Lewis Black and Jimmy Walker, just to name a few.

Bill's ability to recant everyday situations in a unique and demented manner leaves audiences laughing the next day. He rants on everything from leading the single life to playing "Hide the Walker" with good old grandma.

Bill's repertoire of one-liners and high-energy stage shenanigans are one-of-a-kind. His fearless interpretations of everyday mishaps are sure to strike a chord with audiences of all types. His quick wit and smooth delivery make his show one you won't want to miss."

Make your reservation by calling (608) 256-0099 or emailing reservations@madisoncomedy.com.

Comedy Club
202 State Street
Madison, WI 53703

http://www.madisoncomedy.com/

Virent Energy Systems Earns Presidential Green Chemistry Challenge Award




EPA’s highest environmental award honors renewable BioForming® process for production of low carbon green gasoline and other hydrocarbon fuels and chemicals.

Madison, Wis., June 22, 2009 – Virent Energy Systems, Inc. has earned the U.S. Environmental Protection Agency’s (EPA) Presidential Green Chemistry Challenge Award. Virent, with its game-changing BioForming process that economically transforms plant sugars into green gasoline, is the first company to be honored in the award’s 14-year history for the clean manufacturing of liquid transportation fuels from biomass.

The Presidential Green Chemistry Challenge Awards, selected by an independent panel of technical experts convened by the American Chemical Society, provide national recognition for outstanding chemical technologies that incorporate the principles of green chemistry across the product life cycle, including the design, manufacture, and use of chemical products. Each winner demonstrates a commitment to designing, developing, and implementing a green chemical technology that is scientifically innovative, economically feasible, and less hazardous to human health and the environment.

Virent’s winning BioForming technology converts abundant plant sugars from non-food and home grown sources into gasoline, jet fuel, and diesel hydrocarbon molecules previously refined only from petroleum. Virent’s fuels have the same molecular composition and performance as petroleum fuels and face no hurdles to full market penetration. They can be replacements for, or used at high blends with, petroleum fuels in today’s petroleum infrastructure.

“Virent is honored to be recognized by the EPA for its transformative technology that is both renewable and cost effective,” said Lee Edwards, CEO of Virent Energy Systems, Inc. "We believe Virent's technology platform offers a material opportunity to shift away from reliance on fossil fuel to renewable biomass. Our patented process makes gasoline, diesel, jet fuel and chemicals with low carbon intensity from a variety of feedstocks with substantial fossil fuel replacement potential."

Virent’s energy efficient, exothermic process is carbon neutral, water positive, and has low life cycle emissions. It runs under moderate conditions and requires no external energy inputs. It yields 30 percent more net energy than corn ethanol processes due to the natural separation of gasoline from water.

“With low carbon emissions, a wide range of premium hydrocarbon products, and feedstock flexibility, the BioForming process offers a new biorefinery solution,” said Randy Cortright, Virent Founder and Chief Technical Officer. “We are deeply honored to receive this award for a technology that can help address the pressing environmental and energy security concerns of our nation while providing farmers who grow a broad variety of crops more value per acre of land.”

ABOUT VIRENT ENERGY SYSTEMS
Virent’s BioForming process is a recognized leader in advanced biofuels technologies, winning numerous technology and innovation awards including the World Economic Forum’s Technology Pioneer, ICIS Innovation, and Red Herring 100 North America awards. Headquartered in Madison, WI, Virent has 80 employees in a state of the art catalytic biorefining development facility. Virent counts Cargill and Honda among its leading investors and collaborates with Honda and Royal Dutch Shell on the development of its biogasoline technology. The BioForming technology is based on the Aqueous Phase Reforming process.

(Article from http://www.virent.com/)

East Side Area Aims to be City's First Neighborhood Conservation District

East Wilson Neighborhood Madison Wisconsin Nicole Charles and Associates Keller Williams Realty Real EstateFrom the front porch of his 19th century home on the quiet, tree-lined 1300 block of East Wilson Street, Dan Wehrman often can hear the comments of bicyclists pedaling past.

"People come off the east side bike path and say things like, 'God, I just love this street,' " says Wehrman, 61, a homeowner there since 1992.

So do most residents.

A block off bustling Williamson Street and just around the corner from the iconic Crystal Corner Bar, the East Wilson/Schley Pass/Dewey Court area is unique.

The neighborhood features small, 1½-story bungalows with front porches, many dating to the 1800s. A variety of gardens, whether tended or not, provides a leafy green feel.

An eclectic mix of owner-occupants, renters, families and singles makes it arguably one of the most diverse and affordable neighborhoods in the central city. Homes there can still be had for $150,000, although they might need some fixing up.

And now, a group of dedicated east-siders is pushing for their turf to become the city's first Neighborhood Conservation District (NCD), which would give it permanent legal protection.

East Wilson Neighborhood Madison Wisconsin Nicole Charles and Associates Keller Williams Realty Real EstatePassed in 2007, the Neighborhood Conservation District ordinance is designed to safeguard the character and architectural style of neighborhoods that might not otherwise qualify for historic preservation. One goal is to prevent real estate speculators from coming into an area, acquiring several adjoining properties and then tearing them down to build something bigger.

But NCDs also give homeowners the flexibility to improve their own property while making sure any changes respect what's already there.

"Obviously this neighborhood never housed the movers and shakers of the city," says Leslie Schroeder, who with her husband, Nick, has restored an older home within the proposed district. "But there is value in its character, and there is a story worth honoring, too."

That story includes immigrants who settled in Madison following the Civil War and built homes in what was once the industrial heart of the city. The Atlas hotel at 221 S. Baldwin St. -- now the Port St. Vincent men's shelter -- formerly served weary workers from the Milwaukee Road railroad.

Last week, the Madison Plan Commission voted to study establishing a conservation district for the East Wilson area. City planning department staff will begin a process that could come before the full City Council within the next year.

"It's nice to see one of these finally moving forward," says east side Ald. Marsha Rummel.

But not everyone is jumping on board. A survey mailed to area residents, owners and businesses last year showed some are skeptical, fearing another layer of zoning.

Among them is Philip Simeon, a native of the Caribbean, who with his family lives across the street from Wehrman. While Simeon doesn't want to see a large condo project go in, he's worried an NCD could make it harder to work on his place, whether he's trimming trees or finishing off the attic space.

"America is a place of diversity, whether it's language or the kinds of houses people want to live in," he says.

Schroeder counters that the pending study and upcoming meetings will give all stakeholders a chance to craft the district to their liking.

"The great thing about conservation districts is that each neighborhood can work it out themselves" says Schroeder, whose home at 213 S. Baldwin St. was honored in 2003 by the Madison Trust for Historic Preservation.

Far east side Ald. Michael Schumacher has some doubts about the process, too. He noted during a Plan Commission discussion of the issue that less than 20 percent of some 240 city mailings about the East Wilson NCD were returned completed; of those, only 18 of 41 respondents were in full support.

"It looks to me like we are down to just 18 people wanting this," he said.

City planner Michael Waidelich said he was somewhat surprised at the lack of survey responses but admitted the effort was a work in progress. "We've never done one of these before, so we're not exactly sure what the final parameters will be," he said.

The idea of NCDs in Madison dates to the late 1990s. Plans floated at the time called for three Neighborhood Conservation Districts: the Bassett area west of the Capitol, and the First Settlement and Old Market areas east of the Capitol.
East Wilson Neighborhood Madison Wisconsin Nicole Charles and Associates Keller Williams Realty Real Estate"At the time, the real estate market was booming, and there was a great deal of concern for existing neighborhoods," says Ald. Rummel, whose District 6 predecessor, Judy Olson, was an early backer of NCDs.

But the preservation ordinance, which faced strong initial opposition from development interests, didn't make it on the books until two years ago. It requires that a majority of property owners on eight contiguous block faces agree to be included the district.

Wehrman's own interest was piqued two years ago when his next-door neighbor did a complete rebuild of an older property, going taller than any other home on the block.

"I just felt like something had popped -- that people were starting to flip houses over here," says Wehrman, a former Navy man who now works as a self-employed safecracker.

Wehrman continues to make upgrades to his own home. He's added solar water heating panels to the back roof, refinished the wide-plank pine floors and returned the front porch to its original open format.

And while the real estate boom has cooled, Wehrman wants to make sure areas like East Wilson can remain intact. He notes there is computer technology available today to help guide residents, developers and the city on what new projects might look like before they are actually completed.

"I honestly believe there is strong neighborhood support for this," he says.

(Article by Mike Ivey, The Capital Times)

Wednesday, June 24, 2009

We'll Never Forget You Brent

Brett Favre Sconnie Nation Madison Wisconsin Nicole Charles and Associates Keller Williams Realty Real Estate
A new T-shirt by Madison's Sconnie Nation clothing shop (521 State St.) pokes fun at ex-Packer Brett Favre. Hilarious!
Get yours Here.

UW's Kappa Sigma House on the Market

Nick Topitzes was gazing out at Lake Mendota Tuesday morning, smiling and remembering a few past indiscretions.

"Do you know who the Hot Nuts are?" Topitzes said.

"Who?"

"Doug Clark and the Hot Nuts," Topitzes said. He grinned, and explained that they were the inspiration for the fraternity party band in the movie "Animal House."

"They came two or three times when I was here," Topitzes said. "We had to board the windows to keep people from sneaking in."

Topitzes was sitting at an outside table in back of the Kappa Sigma fraternity at 124 Langdon St. The house was designed by noted Madison architect Frank Riley. The view out back is among the best in Madison. Topitzes was a fraternity member and lived in the house for several years in the mid-1960s.

He was telling stories about those days because it appears an era is about to end for Kappa Sigma on campus. The fraternity is looking to sell the house, which has been home to the Madison chapter of Kappa Sigma since 1924.

"It's on the market," Topitzes said. "We're waiting for bids."

Topitzes runs a Verona-based company, pc/nametag, a distributor of meeting and event supplies.

He has remained active with the fraternity since graduating in 1966 and said the house is now owned by a group called the Kappa Sigma Building Association, a non-stock group of around 1,000 alumni.

The economics of operating a fraternity house have grown increasingly difficult in recent years.

"It's hard to make the numbers work today," Topitzes said. He said Kappa Sigma had about 80 members in its Madison chapter last semester, but of those only 18 lived in the house.

Topitzes said the hope is for the fraternity chapter to continue on campus without the house, but he concedes that may be difficult. And he said a group of alumni members are also exploring the possibility of raising money to pay off the mortgage on the house, which had a major renovation a decade ago. At this point, however, a sale looks likely.

"Something will likely happen in the next six weeks," Topitzes said.

Topitzes said interest has been expressed by developers looking to sell condominiums, as well as by other fraternities and even a couple of people looking at it as a potential private residence.

"I think it would make a wonderful law office," Topitzes said.

A number of factors have made it tough for fraternity houses to survive, Topitzes said. Both the national fraternity organizations and the campus administration have pressured local chapters to either eliminate or limit hazing and drinking. Topitzes said asking pledges to clean up after a party is now considered hazing. Liability issues also loom large, and co-ed apartment living, nearly unthinkable a generation or two ago, has become commonplace.

"It could be that fraternities are becoming dinosaurs," Topitzes said.

Something will be lost with them. Greeks are traditionally among the most generous of university alumni donors. Madison chapter Kappa Sigma alums include Lee Dreyfus, the late former Wisconsin governor. Topitzes mentioned a marvelous photo of Dreyfus playing piano during a visit to the house by the actress Mae West. Other local alums include publisher Bill Haight and grocer Phil Woodman. Celebrated horse trainer D. Wayne Lukas and Rose Bowl quarterback Ron VanderKelen were Kappa Sigs in Madison.

Tuesday morning, Topitzes said, "It was a fun place but at the same time it turned out a great many successful people."

He turned his gaze back to the lake. "The sunsets are incredible."

(Article by Doug Moe, Wisconsin State Journal)

Take the Madison History Quiz!


>Click Here<

to test your knowledge of Madison's History!

Madison's Abe Gives Good Luck

Madison Area Summer Events

June 25–28
Oregon Summer Fest,

Kiser Park, Oregon

June 24 – July 29
Wisconsin Chamber Orchestra’s Concerts on the Square®,

Capitol Square, Madison
(Wednesdays)

June 25 – July 4
Airstream International Rally 2009,
Alliant Energy Center, Madison

June 27
Rhythm & Booms Fireworks Show,
Warner Park, Madison

July 3 – 4
Deforest 4th of July,
DeForest

July 11 – 12
Art Fair on the Square,
Capitol Square, Madison

July 15 – 19
Dane County Fair,
Alliant Energy Center, Madison

July 17 – 19
Maxwell Street Days Sidewalk Sale,
State Street, Madison

July 23 – 25
2009 Red Power Round Up,
Willow Island at Alliant Energy Center, Madison

July 25
Opera in the Park,
Garner Park, Madison

July 26 – 31
Madison Magazine’s Restaurant Week,
Various Restaurants, Madison Area

July 29 – August 2
Midwest Felting Symposium,
Exhibition Hall at Alliant Energy Center, Madison

July 30 – August 2
WI State Finals Barrel Horse Races,
Arena at Alliant Energy Center, Madison

July 31 – August 2
MS Bike Tour,
Alliant Energy Center, Madison

August 1
Mustard Festival,
Mount Horeb

August 1 – 4
Discovery Days,
Cave of the Mounds, Blue Mounds

August 7 – 9
Madison Invitational Horse Show,
Arena at Alliant Energy Center, Madison

August 8
Great Taste of the Midwest,
Olin-Turville Park, Madison

August 20 – 23
Sun Prairie Sweet Corn Festival,
Angell Park, Sun Prairie

August 22
Art Pottery Show and Sale,
Exhibition Hall at Alliant Energy Center, Madison

August 28 – 30
Middleton’s Good Neighbor Festival,
Firemen’s Park, Middleton

(Information from VisitMadison.com)

Easy Definition of "Short Sale"

In an approved short sale, the lender agrees to accept less than is owed for the property, and the homeowner is relieved of the debt. A lender may be willing to do this because it spares a lot of hassle and expense involved in executing a foreclosure. And typically, a short sale does far less damage to the homeowner’s credit than a foreclosure does. (Information from IndianaShortSaleSolutions.com)

Nicole Charles has years of mortgage and Short Sale experience. She knows the answers to your questions, she knows what your options are, and she's here to help.

A Short Sale might be an option for you. Call Nicole for a free, confidential, no obligation discussion of your situation.
(608) 513-0021

Monday, June 22, 2009

Harvard's Nicolas Retsinas discusses the 2009 State of the Nation's Housing Report

50% OFF HOME SALE!!

The Department of Housing and Urban Development, or HUD, has a great deal for law enforcement officers, teachers, firefighters, and EMTs. If you meet the requirements of the Good Neighbor Next Door Program you can get a 50% discount on a new home!

From the beginning -
When a homeowner defaults on his or her mortgage and the home goes through the foreclosure process, HUD becomes owner of that property. HUD's new project, The Good Neighbor Next Door Program, or GNND, will strengthen America's communities and get families back into these newly available homes by making them more affordable to our hardest working citizens.

The rules -
In order to be eligible for HUD's 50% off sale you must be employed (and certify that you intend to remain employed for at least one year) as a law enforcement officer, teacher, firefighter, or EMT. Also, you must live in the purchased home as your sole residence for a full 3 year "Occupancy Period." When you purchase the home you are required to sign a "Silent Second Mortgage" for the 50% discounted amount. If you stay in the home for the required 3 years, this second mortage will expire and no interest or payments are required. If, however, you sell the home before the 3 year Occupancy Period is up, you will be required to pay back that 50% Silent Second mortgage. Unlike the $8,000 First Time Homebuyer Tax Credit, you do not need to be a first time homebuyer to take advantage of the GNND program. The price of GNND properties is non-negotiable. You must offer the exact HUD assessment price, and then you will get the 50% discount off of that list price.

Find your HUD home -
See all Wisconsin homes available through the GNND program

(Information from www.hud.gov)

Yelp.com's Top Ten Restaurants in Madison

10. Shish Cafe Inc
Shish Cafe Madison Wisconsin Nicole Charles and Associates Keller Williams Realty Real Estate

"This is the first place I tried out purely on Yelp reviews, and it was great.

It's a small restaurant tucked away in a small strip mall on University. The service was friendly and always quick. Amongst our group we sampled the lamb, chicken, fish, and steak, and everyone loved their meal.

My girlfriend and I also had their Arabic coffee, which was potent. We considered getting an appetizer, but are happy that we didn't because the dinner portions were huge!"

Yelp Review by Chris S.


9. Himal Chuli Restaurant
Himal Chuli Madison Wisconsin Nicole Charles and Associates Keller Williams Realty Real Estate
"Yum....I dream of this restaurant when not in Madison. I eat there every time I return. From the moment I walk through the door, I smell curries and feel transported.

In the summer, I enjoy sitting on the streest-side terrace sipping minted water and in the winter, I enjoy warming up with a hot chai tea. I like everything on the menu and have never been disappointed. The momos, momochas and takaris are favorites. I love the dahl and the naan. There are two takaris to choose from each day. Last time I shared sample platters with a friend so that we could have a bit of everything.

I will dream of momo until next time..."

Yelp Review by Leslie B.


8. Tornado Club Steak House
Tornado Club Madison Wisconsin Nicole Charles and Associates Keller Williams Realty Real Estate
"This steakhouse was well worth the three block trek from my hotel through knee deep snow. The bar has a relaxed 'low lighting' retro vibe and the dining area is predominantly laquered dark wood wainscoting with a mix of tables and booths in an exposed beam construction décor that kinda feels like a cross between an older hunting lodge and a Swiss ski chalet, decorated with a mix of classic wall mountings (I recall an old woodsman's axe and a muzzle loader amongst the animal heads). Also, there are a few classic 'pearls of wisdom' written on the horizontal beams in the rafters.

Having had a steak the night before, I opted for the duck breast. I ordered it med rare and it arrived cooked exactly as requested. The port wine currant reduction was sweet and tart at the same time, perfectly off-setting the fattiness of the duck. I was also pleasantly surprised to see they periodically offered frog legs and rabbit on the menu. In addition, they had a scaled back late evening (after 10PM) menu for the night owls.

Service was fast and friendly. The only hiccup of the evening was when I asked for asparagus as a side and got a baked potato instead. When I mentioned the oversight to the waitress, she politely apologized and brought the asparagus a few minutes later, with no addition to the tab.

Considering the top notch quality of the meal and accompanying cocktail, the price was very reasonable. I overtipped 30% for the good service and still paid less than $40. This is a much better bargain than you would get in almost any other major metropolitan area in the USA. If I ever make it back out to Madison for business again, my first dinner back will be at Tornado Steak House."

Yelp Review by Dave H.


7. L'Etoile Restaurant
L Etoile Restaurant Madison Wisconsin Nicole Charles and Associates Keller Williams Realty Real Estate
"Hands down the best restaurant in Madison! We appreciate Chef Tory's commitment to using locally grown produce. It's cool to see him Saturday mornings at the farmers market. My wife and I like to try and guess the menu he is creating based on what we see in his wagon. The food is consistently good and the menu constantly changes based on what's in season. As mentioned in other reviews, they have a wonderful cheese selection. The waiters and waitresses are true culinary professionals. Their knowledge of the menu is impressive. Excellent wine selection - a good selection of old and new world wines. I absolutely love their food!"

Yelp Review by Underhill T.


6. Cafe SoleilCafe Soleil Madison Wisconsin Nicole Charles and Associates Keller Williams Realty Real Estate
"There are few places in Madison to get a great espresso - this is one of them.

There is ONE place in town to get a great croissant with that espresso and Cafe Soleil is that one place. Hands down, they have the best pastries.

I eat lunch at Soleil at least once a week. Great soups - with some awesome chilled soups in the summer (so long summer). And the trout salad, yum! Wait, did I mention the Cuban sandwich? I can't stop and am making myself hungry!"

Yelp Review by Philip C.


5. Bradbury's
Bradburys Madison Wisconsin Nicole Charles and Associates Keller Williams Realty Real Estate
"I have to begin by saying thanks to everyone involved with Bradbury's. You're an example of what this town needs if it is going to move forward as a city. If only a handful of Madison businesses operated with the quality, integrity and honesty that this embodies we'd all benefit.

A brief review, I think, would do this place the most justice in keeping with their minimalist approach.

The use of space is perfect. They've transformed an awkward triangle of an awkward building into a happy terrarium for hungry spro junkies.

Speaking of spro, their shots are the best in town. That beautiful machine, the choice of roasts, the attention to grind, and the short pours all come together to create a perfect little ristretto shot.

The crepes are a testament to well prepared, locally sourced ingredients. Simple, delicious, light and healthy. If one doesn't fill you up, order a second. Especially if they have homemade lemon curd.

All of this served by nice, young, attractive staff with no attitude! Really? Yes Please!"

Yelp Review by Michael R.


4. Marigold Kitchen
Marigold Kitchen Madison Wisconsin Nicole Charles and Associates Keller Williams Realty Real Estate
"This place is one of the best little secrets tucked away along the capital square. It's definitely geared for those working near the capital that want to get a good lunch...scratch that great lunch.

Their burger, various sandwiches, salads, Moroccan soup are all amazing. For a lunch cafe this place has definitely stepped it's game up, it's fairly traditional lunch food but prepared and presented so much better. From the same guys that operate Sardine just a few blocks away this place elevates work day lunch to the highlight of the day.

I love how fresh the food tastes. All the dishes taste so refreshing. The inside too is great with a huge window, a few outdoor tables, the place just makes you want to smile. It's just so naturally bright inside, a total reprieve from the state buildings and parking lots just outside. All the staff always seems to be in such a good mood too.

I honestly can't say enough about how much I like this place. A lunch can cost you a bit more than standard fare so I always liked to make it a special occasion, but the truest of true treats it is every time."

Yelp Review by Matt E.


3. Sophia's Bakery & Cafe
Sophias Bakery and Cafe Madison Wisconsin Nicole Charles and Associates Keller Williams Realty Real Estate
"Sophia's is manna from Heaven. Try the pancakes, they are out of this world. Part of the charm of the place is that it's a tiny hole in the wall and you get to sit wherever you find at spot, i.e. crammed into three tables with strangers. Well, they're only strangers for so long. Everyone has a wonderful. easygoing vibe there. It's rather wonderfully priced, considering how much wonderful, quality food you get. Sophia's is the stuff of dreams."

Yelp Review by Joanna F.


2. Lao Laan-Xang Restaurant Lao Laan Xang Restaurant Madison Wisconsin Nicole Charles and Associates Keller Williams Realty Real Estate

"Authentic family-style Laotian food for Thai-jaded palates.

We flew into Madison without filing a flight plan. Trusty yelp algorithms saved our bacon by pushing this unpronounceable gem to the top.

Wife and I both ordered the Saturday special, a seafood curry. Portions were generous, particularly for the reasonable $12.95 price. Kids both liked their entrees, #23 a seafood dish, and #14, noodles with vegetables. I ordered mine with the 3-star hotness rating, labelled "adventurous." But I felt I could have handled the 4-star, "Lao native." So maybe go a star up from what you think you can handle.

Crab Rangoon came six to the order and were non-greasy. I liked the pork egg roll better than the veg one.

$70ish out the door with tip, pretty darn reasonable for a family dinner for four.

The restaurant is cozy and intimate. The owners were there with their cute kids. It's easy to find on Willy street, amongst a strip of tattoo parlors, coffee shops, and veterinarians.

Service was ace. The waitress refilled our rice without charge and hipped us to a nearby free music festival. She also directed us to Madison's best custard place, Michael's. Not that we had any room for dessert.

Loved this place. We'll be back next time we're in town."

Yelp Review by Barry J.


1. Memorial Union Terrace
Memorial Union Terrace Madison Wisconsin Nicole Charles and Associates Keller Williams Realty Real Estate
"I wish we had more time to spend here. The place is festive, fun, energetic, and happy. Great place for people watching, eating and drinking. The possibilities are endless what you can do here.

PEETS COFFEE has a store here! I love Peet's Coffee!

LOTS of outdoor seating and eating/drinking vendors on the outside ALONG LAKE MENDOTA. Near perfect on a warm, sunny day. If you want to get away from the crowds, then you can rent a boat or canoe and chill out on the Lake!

Union Terrace is located where downtown meets the University of Wisconsin at Madison. The two worlds collide and the result is one big party. Overall, everyone who was there seemed to have a good time and didn't mind the mix of downtown and University. Its as if everyone has the same something in common. I don't know if Id call it one big happy family, but most everyone who was there seemed happy!

Make this a must go to place should you happen to visit Madison!"

Yelp Review by Mike P.

To read more reviews on Madison's restaurants, shops, and nightlife visit www.yelp.com/madison-wi.

$8,000 First Time Home Buyer Tax Credit

EDGERTON (WKOW) -- Recent homebuyers like Maddie Purnell of Edgerton say the new $8,000 federal tax credit encouraged her to buy a home even in the rough economic climate.

"I couldn't believe it," she said. "I couldn't believe the government is giving out free money."

First time homebuyers can get an $8,000 tax credit if they buy a home between Jan. 1 and Dec. 1, 2009.

Real estate agents are trying to spread the message.

The money can be used to buy anything and does not need to be paid back.

Last year, the government started a $7,500 tax credit program for new homebuyers, but it had to be repaid over 15 years. This one does not.

"Low prices, low interest, and free money," said Edgerton real estate agent Paula Carrier of Best Reality. "Why am I going to wait for better? It seems like a good opportunity and a good time," she says.

Carrier says more of her customers are moving forward with their home purchases thanks to the new credit.

There's a $75,000 income ceiling for individuals and $150,000 ceiling for couples filing jointly. You get 10% of the home purchase price, up to $8,000 in tax credits.

It's a credit -- not a deduction -- which means even if you owe the IRS less than $8,000, you still get the entire credit. The IRS will send you a check for the balance.

If you owe nothing, or the IRS owes you money, you get a check for $8,000, according to the Wisconsin Realtors Association.


Do you have questions about the $8,000 First Time Home Buyer Tax Credit? Click here to get answers.

(Article from WKOW 27 News)

27 News: "Buyers are Stepping Up"

MADISON (WKOW) -- It's a buyer's market for the housing industry.

In Madison, buyers are stepping up. Some homes are selling just days after they're put on the market.

27 News set out to find the trick to selling.. in a buyer's market.

Deesa Price put her westside home off on Longmeadow Road on the market a couple months ago. No takers yet, but she's not discouraged.

Price says, "Most people who come through usually drive by or walk by; they say they like the neighborhood and were just stopping by."

Deesa might be in luck.

Dave Stark, President of Stark Realty, says, "In the last 4-6 weeks, it's really picked up again, noticeably picked up again."

It picked up fast for the sellers of one home on Dylyn Drive. They saw almost 30 parties walk through: during one open house.

John Neumann, the realtor for the home, says, "I knew the market for starter homes was moving well and the house was well prepared. But I probably didnt expect, you know, 27 parties. I didn't sit down!"

The 8-thousand dollar tax credit for first-time home buyers seems to be pushing the market. A safe neighborhood, and a 200-thousand dollar price range for those first-time buyers are also selling points for Madison homes.

Stark says, "I think it's kind of the loss of fear. If you go back a year ago, people were very fearful: of the economy in general, nervous about housing and committing. That seems to have dissipated."

Record-low interest rates are also motivating home-buyers.

The city of Madison is also hoping to curb foreclosures. Madison's mayor announced last week the city plans to invest a million dollars of federal stimulus money to help the market.

(Article from WKOW 27 news)

Thursday, June 18, 2009

Madison Spirit

A look at Madison's Farmer's Market on the Capitol Square.

UW Badger fans get their jump on.


"The crowd marched up State Street to the Capitol, and then erupted in the National Anthem on the Capitol Stairs."
UW students sing and celebrate Obama's victory.

Local High School Statistics

Madison East High School - Graduation Rates:Madison East High School Graduation Rate Madison Wisconsin Nicole Charles and Associates Keller Williams Realty Real Estate

Madison West High School - Graduation Rates:Madison West High School Graduation Rate Madison Wisconsin Nicole Charles and Associates Keller Williams Realty Real Estate

Madison Memorial High School - Graduation Rates:
Madison Memorial High School Graduation Rate Madison Wisconsin Nicole Charles and Associates Keller Williams Realty Real Estate

Middleton High School - Graduation Rates:
Middleton High School Graduation Rate Madison Wisconsin Nicole Charles and Associates Keller Williams Realty Real Estate

Home History in Dane County

Number of Homes Sold in Dane County by Year Madison Wisconsin Nicole Charles and Associates Keller Williams Realty Real Estate
Median Home Sales Price in Dane County by Year Madison Wisconsin Nicole Charles and Associates Keller Williams Realty Real Estate
(Information displayed on these graphs from http://www.wra.org/)

Wisconsin Home Sales Fall Significantly but Home Price Decline is Modest

MADISON, WI – There was good and bad news for Wisconsin's housing market in 2008. While housing sales fell significantly last year as a result of the national financial turmoil and recession, home prices remained stronger than in many parts of the country, falling only modestly according to the year-end analysis of existing home sales conducted by the Wisconsin REALTORS® Association (WRA).

“Wisconsin’s housing market is not immune from recessions,” said WRA President William Malkasian. “Combining this strong recession with the financial meltdown last fall, it’s not surprising that home sales suffered in 2008. But our prices seem to have weathered the storm thus far, falling just 3.7% below 2007 levels, and outperforming the nation and the Midwest region,” he said. Wisconsin home prices were much less volatile than markets like Arizona, California and Nevada, a fact Malkasian attributes to less exposure to subprime mortgages and much less speculative buying and selling in the Wisconsin housing market. “Most people buy homes here to live in, not flip,” Malkasian said.

WRA Board Chairman Michael Mulleady suggested that home buyers are taking a wait and see attitude when it comes to home purchases. “With consumer confidence at all-time lows and recent job losses making headlines, buyers are understandably timid about getting into the housing market,” said Mulleady. “Those who otherwise would be inclined to trade-up are waiting for the market to improve, and even credit-worthy first-time buyers are choosing to remain spectators for the time being,” he said. “There is no doubt that this is a buyer’s market and this could be a great time to get into the market, given that mortgage rates are now in the 5 percent range and Congress is currently debating a stimulus package that may offer some very favorable tax breaks for home buyers,” Mulleady said.Malkasian struck a cautious tone, suggesting that the housing market will start to improve once there are signs of growth in the economy. “New tax breaks and low mortgage rates will get some buyers off the fence, but sustained growth in housing demand will only take place after buyers are confident that the economy is once again growing,” said Malkasian.

For More Information Contact: David E. Clark, Economist, C3 Statistical Solutions Inc. Office phone: 414-803-6537

(Article from www.wra.org)

Friday, June 12, 2009

Are You Ready to Buy a Home?

Question: Are You Ready to Be a Home Buyer?

A reader asks: "I would like to be a home buyer, but I don't know if I'm ready to buy a home yet. How can I tell? Part of me is frightened that I'll lose my home or won't be able to get a mortgage. I'm 26, single and gainfully employed. Does it make sense for me to be a buyer? I mean, how do I know if I am ready to be a home buyer?"

Answer: Buyers of real estate are making the biggest investment they will most likely ever make in their lives. That can be scary for some buyers. In some states, buyers are personally liable for the mortgage.

When my husband and I bought our home in Sacramento, he was totally freaked out for a while. He walked around repeating to himself, "I owe a quarter of a million dollars." He was more focused on the debt than on our huge amount of equity.

Many first-time home buyers put down a minimum amount and buy a home using an FHA loan. This means your home is leveraged, and you cannot immediately sell it and hope to make a profit. It's a commitment. A long-term commitment, in most markets.

Top Five Traits of a Home Buyer

You need to live somewhere. If you can buy a home for around the same amount you would pay in rent, and don't mind staying put for a while to build equity, becoming a home buyer might be a good decision. You will make a good home buyer if you are:

  • A buyer who conforms to the market.

    If you are the type of buyer who says, "Every home on the market is overpriced; I'm not paying that much," then you are not conforming to the marketplace. Serious home buyers research the market and have realistic expectations.

  • A buyer who has savings -- enough to put 2 to 3 months of mortgage payments in reserve.

    Mortgage lenders want buyers to have a reserve. You should not take every nickel you can rub together and throw it into your home purchase. You will need a small emergency fund.

  • A buyer who has the resources and time to maintain a home.

    Homes require upkeep. You'll have a lawn to mow, windows to wash, furnace filters to replace, and you may need to tend to minor repairs from time to time.

  • A buyer who is employed with at least two years on the job.

    If you don't have two years of employment at the same company, then two years in the same field will suffice. Lenders expect to see stability in your employment history.

  • A buyer who plans to stay in the area.

    If your state of residency is uncertain, it's probably a good idea to skip buying a home. Some buyers who relocate are able to rent out their home, but handling a rental long distance is not always wise. You don't want to be forced to sell when you don't have enough equity to pay commissions and the other costs to sell.

    (Article from About.com)

    (Image from teamaguilar.com)

How to Buy a House

Many people dream of home ownership but it mandates homework, legwork and considerable effort on your part to ensure that the process goes as smoothly as possible, and you don't bite off more than you can chew. Here's how to make your dream become a reality.

  1. Strengthen your credit. The higher your FICO score, which ranges from 300 to 850, the better rate you'll qualify for. Get a free copy of your credit report so you can see what the lenders see on your credit history. Pay off credit cards and resolve any credit disputes or delinquencies.
  2. Determine how much house you can afford, and how much you'll likely be able to borrow.

    • You will be expected to put down 10-20% of the appraised value of a home.[1] (Note that the appraised value may be higher or lower than the selling price of the house.) If you have $30,000 saved for a down payment, for example, you can use it as a down payment for a home between $300k (10% down payment) or $150k (20% down payment). Putting down less often, but not always, requires you to pay private mortgage insurance (PMI), which increases your monthly housing cost but is tax deductible.
    • Find out what ratios lenders are using to determine if you qualify for a loan. "28 and 36" is a commonly used ratio.[2] It means that 28% of your gross income (before you pay taxes) must cover your intended housing expenses (including principal and interest on the mortgage, as well as real estate taxes and insurance). Monthly payments on your outstanding debts, when combined with your housing expenses, must not exceed 36% of your gross income. Find each percentage for your monthly gross income (28% and 36% of $3750 = $1050 and $1350, respectively). Your monthly payments on outstanding debts cannot exceed the difference between the ($300) or else you will not be approved.
    • Calculate your expected housing expenses. Estimate the annual real estate taxes and insurance costs in your area and add that to the average price of the home you'd like to buy. Also add how much you can expect to pay in closing costs. (These take in various charges that generally run between 3 to 6 percent of the money you're borrowing. Credit unions often offer lower closing costs to their members.) Put the total into a mortgage calculator (you can find them online or make your own in a spreadsheet. If the figure is above 28% of your gross income (or whatever the lower percentage used by lenders in your situation) then you will have a hard time getting a mortgage.
    • Determine whether you need to sell your current home in order to afford a new one. If so, any offer to buy that you make will be contingent on that sale. Contingent offers are more risky and less desirable for the seller, since the sale can't be completed until the buyer's house is sold. You may want to put your current house on the market first.
  3. Get pre-approved (not pre-qualified) to get the actual amount you can pay. Apply to several lenders within a two week period so that the inquiries do not damage your credit report. Do this beforecontacting a real estate agent so you have a firm idea of what you can afford, and you don't accidentally fall in love with a house that you cannot afford.

    • If you qualify, check out first-time buyers' programs, which often have much lower down payment requirements. These are offered by various states and local governments. You may also be able to access up to $10,000 from your 401(k) or Roth IRA without penalty. Ask your broker or employer's human resources department for specifics regarding borrowing against those assets.
    • If you can't afford a 10%-20% downpayment on your home, but have good credit and steady income, a mortgage broker may assist you with a combination mortgage. In that, you're taking out a first mortgage up to 80% of the value of the home, and a second mortgage for the remaining amount. While the rate on the second mortgage will be slightly higher, the interest on it is tax-deductible and combined payments should still be lower than a first mortgage with PMI. If you're buying new, consider the Nehemiah Program to get assistance with your down-payment.
  4. Go house shopping. Unless you're under the gun time-wise, look at as many homes as possible to get a sense of what's available. Don't rush into buying if you don't have to. Read more in How to Find Your Ideal House.

    • Sign up for an MLS (Multiple Listing Service) alert service to search on properties in your area so you can get a feeling for what is on the market in your price range. (If you sign up through a real estate agent, it is poor form to call the listing agent directly to see a house. Don't ask an agent to do things for you unless you're planning to have them represent you--they don't get paid until a client buys a house and it's not fair to ask them to work for free, knowing that you're not going to use them to buy your home!)
    • Find a good real estate agent to represent you in the search and negotiation process. The real estate agent should be: amiable, open, interested, relaxed, confident, and qualified. Learn the agent's rates, methods, experience, and training. Go into exhaustive detail when describing what you want in a home: number of bathrooms and bedrooms, attached garage, land and anything else that may be important, like good light or a big enough yard for the kids.
    • Define the area you'd like to live in. Scout out what's available in the vicinity. Look at prices, home design, proximity to shopping, schools and other amenities. Read the town paper, if there is one, and chat with the locals. Look beyond the home to the neighborhood and the condition of nearby homes to make sure you aren't buying the only gem in sight. The area in which your home is located is sometimes a bigger consideration than the home itself, since it has a major impact on your home's resale value. Buying a fixer-upper in the right neighborhood can be a great investment, and being able to identify up-and-coming communities--where more people want to live--can lead you to a bargain property that will only appreciate in value.
    • Visit a few open houses to gauge what's on the market and see firsthand what you want, such as overall layout, number of bedrooms and bathrooms, kitchen amenities, and storage. Visit properties you're seriously interested in at various times of the day to check traffic and congestion, available parking, noise levels and general activities. What may seem like a peaceful neighborhood at lunch can become a loud shortcut during rush hour, and you'd never know it if you drove by only once.
    • If you are unsure about the price, have the home appraised by a local appraiser. Never buy the most expensive house in the neighborhood! When appraising a home, appraisers will look for "comparables" or "comps", homes in the area which have similar features, size, etc. If your home is more expensive than the comps, or the appraiser has to find comps in a different subdivision or more than 1/2 mile away, beware! Your bank may balk at financing the home, and you probably won't see your home appreciate in value very much. If you can, buy the least expensive home in a neighborhood -- as homes around you sell for more money than you paid, your home's value increases.
  5. Make an offer.

    • Include earnest money with your offer.--usually $1,000 to $5,000. Once you sign an offer, you are officially in escrow, which means you are committed to buy the house or lose your deposit, unless you do not get final mortgage approval. During escrow (typically 30 to 90 days), your lender arranges for purchase financing and finalizes your mortgage.
    • Make sure final acceptance is predicated on a suitable home inspection. Request the following surveys and reports: inspection, pests, dry rot, radon, hazardous materials, landslides, flood plains, earthquake faults and crime statistics. (You will generally have 7-10 days to complete inspections--be sure that your agent explains this fully to you when signing the purchase and sales contract.) A home inspection costs between $150 and $500, depending on the area, but it can prevent a $100,000 mistake. This is especially true with older homes, as you want to avoid financial landmines such as lead-paint, asbestos insulation and mold.
  6. Close escrow. This is usually conducted in a title office and involves signing documents related to the property and your mortgage arrangements. The packet of papers includes the deed, proving you now own the house, and the title, which shows that no one else has any claim to it or lien against it. If any issues remain, money may be set aside in escrow until they are resolved, which acts as an incentive for the seller to quickly remedy any problem areas in order to receive all that is owed.

    • Consider using a real-estate lawyer to review closing documents and represent you at closing. Realtors are unable to give you legal advice. Lawyers may charge $200-$400 for the few minutes they're actually there, but they're paid to look out for you.

Tips

  • Try not to fall in love with one particular property. It's great to find exactly what you need, but if you get your heart set on one home, you may end up paying more than it's worth because you're emotionally invested. The deal may also fall apart. Be willing to walk away from any home; no home is so perfect that the seller can charge what he or she desires.
  • A seller who won't allow a home-inspection has something to hide -- walk away!
    (Article from WikiHow.com)