Information from SCWMLS (South-Central Wisconsin Multiple Listing Service). Averages calculated from homes sold between September 28, 2009 and December 28, 2009.
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
Madison Area Homes for Sale
Tuesday, December 29, 2009
Homes for Sale: Average List Price and Sales Price in Madison, Wisconsin
Information from SCWMLS (South-Central Wisconsin Multiple Listing Service). Averages calculated from homes sold between September 28, 2009 and December 28, 2009.
Thursday, December 17, 2009
Upcoming residential development in Verona, WI
Here is a rundown of the residential developments that are currently in the City of Verona’s pipeline, in order from “most complete” to “earliest in the process.”
Hawthorne Hills (between Whalen Road and the US 18/151 bypass) and Westridge Estates (between North Nine Mound Road and Northern Lights Road) each still have a limited number of single-family home sites available. They also have some higher-density housing yet to be built.
South of the US 18/151 bypass, Scenic Ridge (west of Locust Drive) and Cathedral Point (east of Locust Drive) are both platted and have completed streets and utilities in their early phases. Each subdivision has home sites currently available, along with a large quantity planned for eventual construction.
Cross Point is located adjacent to Epic, to the west of North Nine Mound Road and along Northern Lights Road. This subdivision is platted and graded but has not yet moved forward on utilities and streets. It is presumed that the developer is holding off for economic reasons.
The northern portion of the former Zingg Farm, the next chunk of land north of Kettle Creek, is in the process of being annexed in to the City of Verona. This is a 66-acre area that appears to be a continuation of the existing neighborhood surrounding Country View Elementary School, proposed to provide 117 additional single-family lots.
The Southwest Neighborhood, a 246 acre area along Hwy 69 to the south of the US 18/151 bypass, is tied up in a lengthy process of being added to our Urban Service Area. Only 79 acres of the area will be developable, and a smaller portion of this will include residential development. It is a particularly sensitive area due to adjacency to both the Badger Mill Creek and Sugar River.
Farthest on the horizon is the Midthun land, which includes the four 40-acre quarter-quarter sections between Stony Ridge Circle and the gravel pits along North Nine Mound road. It also includes one 40-acre quarter-quarter section to the east of Windswept Way. (It does not include two quarter-quarter sections along CTH PD closest to the CTH M intersection.) Out of Midthun’s 200 gross acres, about 134 net acres of residential development is anticipated.
The preliminary concept put forth by Midthun’s developer includes small-scale commercial/retail closest to CTH M and CTH PD, blending through high and mid-density residential development toward the south and west. Finally, the southwest portion includes “estate” lots to help diversify the City’s housing stock with “higher-end” single-family housing. This land will face unique challenges for storm water management due to its “closed kettle” geography.
(Article from Hometown Hawk, a blog by Jeremy Charles)
Thursday, December 10, 2009
Tuesday, December 1, 2009
Jeremy Charles for Alder in City of Verona, District 4
"My family and I are residents of the Hawthorne Hills neighborhood, near Glacier Edge Elementary school. Since high school, the majority of my hobbies have consisted of community service. In recent years, I have added to my long history of volunteer work by serving the City of Verona. My service to the City has been highly rewarding because I make a direct, positive impact on the community in which I live. Additionally, I have enjoyed the people that I have been serving with. I view the role of Alder as the best and most logical way that I can continue to serve my community."
Article from the Verona Press:
Charles announces candidacy
After three years, Verona might finally have another contested local election.
Plan Commissioner Jeremy Charles has announced he will run for the District 4 aldermanic seat currently held by Ken Harwood. Harwood's term ends in April.
Nomination papers can't be circulated until Dec. 1, but Charles, who has been following Verona politics closely and attending meetings regularly for about three years, was ready to go last week with a news release. The 33-year-old Charles is an employee of Epic and a resident of the Hawthorne Hills neighborhood on the city's southeast side.
"I'm not a politician," Charles said in his release. "My family loves living in Verona, and I sincerely care about promoting the best long-term interests of our City. Becoming an alder is simply the best way that I can serve my community."
After about a year of attending Common Council, Plan Commission and Finance committee meetings regularly, Charles joined the Comprehensive Plan Committee in late 2007. He also has served on the Zoning Board of Appeals and joined the Plan Commission - a common stepping stone to the council - in 2008.
Harwood, a Realtor who joined the Common Council in 2006 and earned another two-year term in 2008, said last week he intended to run again as long as he remains a resident of Verona.
Click Here to Visit Jeremy Charles' Campaign Site
Click Here to Visit
Jeremy Charles'
Facebook Page
Click Here to Visit Jeremy Charles' Blog
Contact Jeremy Charles by email or phone-
E-mail: jeremy@jeremycharles.us
Phone: 608-848-0633
Obama Ups Pressure on Banks to Help Homeowners
Loan servicers must detail plans to assist borrowers long-term. Laggards could face penalties and sanctions.
NEW YORK (CNNMoney.com) -- Struggling to stem the swelling foreclosure tide, the Obama administration announced new steps Monday to pressure banks to help homeowners long term.
The administration said it will require top loan servicers to report their plan to reach a decision on each loan for which they have all the needed documentation. Also, these servicers must explain to Treasury how they will communicate the decision to borrowers.
Servicers will also be required to report the status of each modification. Those failing to meet their obligations could face penalties and sanctions.
To help borrowers through the process, the administration is providing more information on the documents they need to submit to be considered for a permanent modification. Federal, state and local officials will increase outreach to delinquent homeowners.
The administration's move is its latest attempt to jumpstart its $75 billion loan modification plan, which many fear will fall far short of its goal to help up to 4 million delinquent homeowners.
A growing number of borrowers are complaining that they are stuck in trial modifications. Some 650,000 homeowners are currently in this preliminary phase, but only a small fraction have received permanent assistance.
About 375,000 people should receive long-term relief by year end, said Treasury officials in their first estimate of how many permanent modifications would be made this year. The administration is set to release its first report on the conversions in coming weeks.
Under the president's plan, delinquent borrowers are put into trial modifications for several months to make sure they can handle the new payments and to give them time to submit their financial paperwork.
Borrowers that qualify for long-term modifications can keep making the lower payments for five years. At that point, the interest rate will be set at the rate at the time of the adjustment, currently about 5%.
Loan servicers, however, say they are having trouble getting the necessary documents from borrowers, while homeowners maintain that their financial institutions are repeatedly losing the paperwork.
And once homeowners send in their forms, servicers may find these borrowers don't have enough income or have too much equity or savings to qualify. It also may be more profitable for the bank to foreclose on the home than to modify the mortgage.
(Article from Money.CNN.com)
Wednesday, November 25, 2009
Slap Chop Remix
Well, I think it's funny. Watch this, and be prepared to have this song stuck in your head.
"You're gonna be in a great mood all day, cuz you're gonna be slappin your troubles away with the Slap Chop."
Tuesday, November 24, 2009
Christmas Tree Farms near Madison, Wisconsin
- Summers Christmas Tree Farm
4610 Rocky Dell Rd., Middleton, WI 53562
(608) 831-4414
http://www.summerschristmastreefarm.com/
Pine, Spruce, and Fir Christmas Trees, wreaths, garland, boughs, Christmas gift shop
Map - Paoli Tree Farm
6445 Sun Valley Parkway, Belleville, WI 53508
(608) 424-3936
Fraser Fir, Balsam Fir, Canaan Fir, Norway Spruce, and White Spruce Christmas Trees, Pre-cut or cut-your-own
Map - Hann's Christmas Farm
848 Tipperary Rd., Oregon, WI 53575
(608) 835-5464
http://www.hannschristmasfarm.com/
Fraser Fir, Balsam Fir, and Scotch Pine Christmas Trees, Pre-cut and cut-your-own, Christmas Decorations, Lights, Ornaments, Wreaths, Tree Skirts, Tree Bags, Fresh Holly and Mistletoe
Map - Paul's Tree Farm
16239 W. Beloit Newark Rd., Brodhead, WI
(608) 897-2569
http://www.paulstreefarm.com/
Scotch Pine, White Pine, Norway Pine, White Spruce, Norway Spruce, Blue Spruce, Serbian Spruce, Balsam Fir, Concolor Fir, Canaan Fir, Fraser Fir, Large Spruce up to 14 ft. Christmas Trees, Pre-cut or cut-your-own, Christmas Ornaments, Handmade Scarves, Wreaths, Snacks,
Map - The Tree Farm
8454 Highway 19, Cross Plains, WI
(608) 798-2286
http://www.thetreefarm.net/
White Pines, Scotch Pines, Norway Pines, Spruce, Balsam Fir, Fraser Fir, and Douglas Fir Christmas Trees, Cut-your-own
Map - The Bruce Company Garden Center
2830 Parmenter Street, Middleton, WI 53562
(608) 836-7041
http://www.brucecompany.com/
Map - Jensen Trees
7507 Valley View Road, Verona, WI 53593
(608)239-3722
Map - Tree City
5501 W. Beltline Highway, Madison, WI 53711
(715) 533-0241
www.tree-city.net/treecity.htm
Fraser Fir, Balsam Fir, White Pine, and Scotch Pine Christmas Trees, Pre-cut
Map - CaPaul's Country Place Christmas Tree Farm
5895 River Road, Waunakee, WI 53597
(608) 849-4276
http://www.capaulschristmastreefarm.com/
Fraser Fir, Balsam Fir, and Scotch Pine Christmas Trees, Cut-your-own, Apple Cider, Christmas Ornaments, Wreaths, Garland
Map - Ridgetop Trees
8498 County Highway PD, Mount Horeb, WI 53572
(608) 437-8810 or (608) 692-1297
http://www.madison-christmas-trees.com/
White Pine, Scotch Pine, Balsam Fir, Fraser Fir, Colorado Blue Spruce, White Spruce, Black Hills Spruce Christmas Trees, Cut-your-own
Map - Christmas Treeland
E10861 Terrytown Road, Baraboo, WI 53913
(608) 356-3307
www.christmastreeland.com/locationcontactinfo.html
Balsam Fir, Spruce, Scotch Pine, Norway Pine, White Pine, and Fraser Fir Christmas Trees, Cut-your-own, Wreaths, Holiday Crafts including Stained Glass Decorations, Garland, Hot Apple Cider
Map - Green Thumb Farms Inc.
S9891 US Hwy 12, Prairie du Sac, WI 53578
1-800-222-2538
http://www.gtfarms.com/
Map - Miller's Christmas Trees
N3763 Otsego Road, Rio, WI 53960
(920)992-3221
http://www.treerex.com/
Fraser Fir, Balsam Fir, Canaan Fir, Concolor Fir, Scotch Pine, White Pine, Red Pine, Blue Spruce, White Spruce, and Serbian Spruce Christmas Trees, Pre-cut and cut-your-own Trees, Wreaths, Gifts and Crafts, Stocking Stuffers, Hot Apple Cider, Candy Canes
Map - Smokey Hollow Farm
N3056 Smokey Hollow Road, Poynette, WI 53955
(608) 635-2046
http://www.smokeyhollowfarm.com/
Fraser Fir, and Balsam Fir Christmas Trees, Pre-cut, Gift Baskets, Ornaments, Potpourri, Holiday Candles,
Map - Swan Lake Tree Farm
W6892 Breneman Road, Pardeeville, WI 53954
(608) 429-3176
www.gorsetr.com/Swan_lake/Swan_lake.html
Colorado Blue Spruce and White Spruce Christmas Trees, Pre-cut or cut-your own trees
Map - The Paint Farm
W6958 King Road, Poynette, WI 53955
(608) 635-8037
Fraser Fir Christmas Trees, Cut-your-own trees, Wreaths, Mistletoe, Specialty Shaped Wreaths, Garland, Tree Stands, and Tree Bags
Map - Winterberry Christmas Trees
N8220 Smith Road, Brooklyn, WI 53521
(608) 455-2040
Pre-cut and cut-your-own Christmas Trees, Wreaths, Boughs
Map
Friday, November 13, 2009
8 Best Neighborhoods in Madison, WI!
By Neil Heinen, Brennan Nardi, Shayna Miller, and Katie Vaughn
Home is where the heart is, as the saying goes. And you could definitely fall for these eight beautiful, friendly, charming, historic, quirky – and, yes, great – Madison ‘hoods.
- Williamson-Marquette
Year Established: 1857 – oldest home in the neighborhood
Icons & Landmarks: Yahara River bridges, Marquette and O’Keeffe schools, Machinery Row, Orton Park. Brick wall advertisements: Gardner’s Purity Bread, King Midas Flour, Madison Candy Company. Festivals: Waterfront, La Fete de Marquette, Orton Park, Willy Street. Retail: The Kitchen Gallery, Rick’s Olde Gold, MadCat. Restaurants: Eldorado Grill, Weary Traveler, Jolly Bob’s, Lao Laan-Xang, Willy Street Co-Op.
Why It’s So Special: Known affectionately as “Wil-Mar,” the Williamson-Marquette neighborhood is a “forever ‘60s” kind of place. With one sandal-clad foot firmly in the past and the other in the present, Wil-Mar has established itself as more than a crunchy ‘hood. Whether you’re a young, hip urbanite or an old hippie, festivals invite everyone to celebrate, and residents depend on them to support the community. While we all love Wil-Mar for its eccentricities worn as badges of honor, businesses you won’t find anywhere else – Hempen Goods, Grampa’s Gun Shop, A Woman’s Touch, and Ford’s Gym – are weathering a shaky economy, proving that funky or not Wil-Mar marches to a healthy, here-to-stay beat. –SM - Westmorland
Year Established: 1916 – the first subdivision plat filed
Icons & Landmarks: Beatty & Strang International Style House, Frank Lloyd Wright-designed Usonian House, Glenway Golf Course, J.H. Findorff & Sons’ “Lustron” steel-built homes, Midvale Community Lutheran Church, Midvale School and Community Gardens, Queen of Peace Catholic Church, Sequoya Commons, Stone Pillars at Westmorland Blvd. and Mineral Point Rd., Otto Toepfer House, Village Bar, the annual “Weed Feed” invasive species recipe fest, Westmorland Park.
Why It’s So Special: The new library at Sequoya Commons, a condo and retail complex that woke up the sleepy west-side neighborhood, is the busiest branch in the city, and residents are fully engaged in community, environmental stewardship and revitalization. With a neighborhood association that goes back almost seventy years, there’s a deep-rooted sense of appreciation and belonging that crosses generations whether it’s eco-volunteering, attending social events, enjoying the bike path, donating to the neighborhood health charity fund that raises $12,000 annually, or simply gathering with friends in the park or coffee shop. –BN - University Heights
Year Established: 1893 – annexed by the city of Madison in 1903
Icons & Landmarks: Olin House, home to the UW-Madison chancellor, the Gilmore House by Frank Lloyd Wright, the Bradley House by Louis Sillivan, the Elliott House by George Maher, Randall School, First Congregational Church.
Why It’s So Special: Strolling through this neighborhood is literally a walk through Madison’s architectural heritage. Frank Lloyd Wright, Louis Sullivan, George Maher, Frank Riley, Alvan Small, and others made their mark here, popularizing the Prairie style and also furthering the Queen Anne, Georgian revival, Tudor and International traditions. And look no further than the street signs – marking roads such as Van Hise and Bascom – for proof that the neighborhood developed in tandem with UW-Madison in the early twentieth century. –KV - Dudgeon-Monroe
Year Established: How about 1909 when Madison’s first gasoline filling station was built at Spooner and Monroe streets? The Dudgeon-Monroe neighborhood Association was established in 1973.
Icons & Landmarks: Budd’s Auto Repair, Edgewood College (and the Pleasure Drive that runs behind it), the Southwest Bike/Pedestrian Path (or Bicycle Beltline to the locals), the “mini-arboretum,” Blessed Sacrament, Temple Beth El and the Friends House, David Maraniss, the real Arboretum, Mallatt’s and Neuhauser’s pharmacies, Michael’s Frozen Custard and the Laurel, Orange Tree Imports, and Parman’s.
Why It’s So Special: Are you kidding? Frozen custard, trustworthy car care, walkable, bikeable, pretty, practical, and politically active with a football stadium on one end and the home of the Madison Opera on the other. You’re surrounded by Vilas, Nakoma, and a cemetery with your own golf course. (Okay, you share the golf course.) You’ve got a good mix of businesses, outdoor recreation, restaurants, coffee shops, property tax bills and little red flags to help you get across Monroe Street. Life is good in Dudgeon –Monroe. –NH - First Settlement
Year Established: 1837 – Madison’s first residential settlement
Icons & Landmarks: The Progressive magazine, the Isthmus newspaper, Essen Haus, Lake Monona, the State Capitol building, Café Continental, the Great Dane Pub and Brewing Co. (formerly the Fess Hotel), the Majestic Theatre, Marina condo building.
Why It’s So Special: Whether it’s at the top of the Marina condos, a sidewalk table at Café Continental, or even the Capitol rotunda, the First Settlement ‘hood has some of the most amazing views in the city – all different, all special. Cosmopolitan in some parts and residential in others, this downtown neighborhood has one of the most urban slices of the city within its confines. Walking down King Street, it’s a bustling cityscape with high-end men’s shop Context, live band venue the Majestic Theatre, stellar sushi place Muramoto, cheeky gay sports bar Woof’s, and chic cocktail haven Opus. Walk a block or two east and find peaceful, tree-lined residential streets with lake views and a beautiful bike path thrown in. –SM - Tenny-Lapham
Year Established: 1850 – the year the first building was constructed in the area
Icons & Landmarks: Annual Art Walk, Avenue Bar, Christ Presbyterian Church, 1909 Prairie-style City Market converted into apartments, East Johnson business district, Gate of Heaven public meeting house, James Madison Park, Lapham School and Community Gardens, Reynolds Park, Tenny Park and Locks, Tour de Coops, Yahara River Parkway.
Why It’s So Special: From mansions on Lake Mendota to two- and three-story flats along the busy Johnson and Gorham thoroughfares, you’ll find historic and contemporary housing stock of all kinds and people of all ages living in this close-knit community that organized its first annual neighborhood festival this summer. Residents are also raising $1.6 million for a beautiful new Tenny Park Shelter that hopes to open in time for the 2010 ice-skating season. –BN - Vilas
Year Estabilished: 1889 and 1896 – annexed by the city of Madison in 1903
Icons & Landmarks: Vilas Park, Henry Vilas Zoo, Bear Mound Park (also known as Vilas Circle), Lake Wingra, Edgewood College and Monroe Street lie along the neighborhood’s borders
Why It’s So Special: What kid wouldn’t want to grow up amid forests, houses painted in a rainbow of colors, a lake, parks, and a zoo? Indeed, Vilas has been a family-friendly neighborhood since developing as one of the city’s original “suburbs” as the electric streetcar line extended out from the isthmus at the turn of the century. Nestled in between the Edgewood and UW campuses, the neighborhood often finds students commuting by food or bike through the tree-lined streets. But an even more common sight is residents walking dogs, pushing strollers, or toting kids past tidy bungalows and lovingly tended gardens to Vilas Park or the adjacent zoo. –KV - Schenk-Atwood
Year Established: 1999 – Give or take a hundred years. The Schenk-Atwood-Starkweather-Yahara Neighborhood Association was established ten years ago. Fred Schenk opened his general store at the intersection of Atwood and Winnebago about ninety years before that.
Icons & Landmarks: Becky Steinhoff and the Goodman Atwood Community Center, Olbrich Botanical Gardens, The Harmony Bar, community gardens, Absolutely Art, United Way of Dane county headquarters, public murals and sculptures, Circle Park, the bike path, the Starkweather Solstice Celebration, Studio Paran, Bad Dog Frida, the Barrymore Theatre.
Why It’s So Special: When a young woman sustained a serious injury that restricted her mobility, her neighbors, including some she barely knew, simply stepped up and built a ramp to her home. This is a special place, aptly described in the neighborhood association brochure as a “diverse, friendly, and human scale village.” Schenk-Atwood has a chic urban hipness with a friendly, inviting warmth, punctuated by gardens, little parks, and one well-known river. And the mix works because people care, plain and simple. -NH
Thursday, November 12, 2009
Tuesday, November 10, 2009
Where to Buy Fresh Turkeys in Madison, Wisconsin
Here is a quick list of grocers in the Madison Area that have fresh turkeys. But call ahead now! Many of these stores require you to reserve a fresh turkey ahead of time!
- Jenifer Street Market
2038 Jenifer St.
Madison, WI 53704
(608) 244-6646 - Miller & Sons Super Market
210 S. Main St.
Verona, WI 53593
(608) 845-6478 - Main Street Market
1050 Main St.
Stoughton, WI 53589
(608) 873-8944 - Regent Street Market
2136 Regent St.
Madison, WI 53726 - Sentry Supermarket
726 N. Midvale Blvd.
Madison, WI 53705
(608) 236-2030 - Willy Street Co-Op
1221 Williamson St.
Madison, WI 53703
(608) 251-6776 - Stoddards Market
205 E. Cottage Grove Rd.
Cottage Grove, WI 53527
(608) 839-4228
(Information from http://www.bellandevans.com/)
It's That Time of Year Again: Winter Parking Rules in Madison, Wisconsin
So anyway, the piece of paper had some pretty relevant information on it. Do you ever park on the street overnight in Madison like I do? As of November 15th, you and I will have to pay attention to which side we park on.
- The Rules:
Vehicles must be parked on the even house numbered side of the street from 1am until 7am on even numbered days, and on the odd house numbered side of the street from 1am until 7am on odd numbered days.
Madison's alternate side parking rules are in effect from November 15th through March 15th. The rules are in effect for most of Madison seven days a week regardless of weather conditions.
A Snow Emergency will be declared whenever it becomes necessary to plow streets. During a Snow Emergency, you may park on the designated alternate side as usual, but off-street parking would be best. If you're downtown during a Snow Emergency, you can park for free in the cashiered sections of city-owned parking ramps from 9pm to 7am. A Snow Emergency will remain in effect for a minimum of 48 hours to give crews an opportunity to clear both sides of the streets.
You can get a text whenever a Snow Emergency is declared by signing up at my.cityofmadison.com. However, you know you'll mess this up at least once:
- The Fines:
In the Alternate Side Parking Zone, the parking violation will remain at $20 unless there is a Declared Snow Emergency in which case the parking violation will be increased to $60.
If you get towed during a Snow Emergency (it's happened to the best of us), you'll get a $60 alternate side parking violation ticket, plus a $50 towing fee.
So....Happy Holidays!
If you want to know more, go to www.cityofmadison.com/winter
Monday, November 9, 2009
Barack Obama Speaks at Wright Middle School in Madison, WI
Barack Obama visited Wright Middle School in Madison last week, and spoke to students about the importance of Education.
Five reasons to Buy or Sell a Home with Nicole Charles & Associates
Five reasons to work with Nicole Charles & Associates of Keller Williams Realty:
- We save you money! On average, our Sellers net about 3.5% more with us than when working with other agents, and our Buyers save roughly 5% more than when working with other agents.
- Our listings sell in about one third of the time than the average listing in the area!
- Nicole’s expert negotiation skills ensure that you’re getting the best deal possible with your home sale or purchase.
- Our team is dedicated to excellent customer service and to making sure that you know exactly what’s going on and what is to come at all points within your transaction.
- Nicole’s strong mortgage background is a huge asset in today’s changing market. Helping Buyers and Sellers understand what contingencies a lender will and will not allow can really make all the difference in getting to a successful closing!
Friday, November 6, 2009
Congress Extends and Expands First Time Home Buyer Tax Credit!
I'm excited to be able to tell you that Congress has passed an extension of the $8000 first time buyer tax credit. Additionally, there is also an added provision for a $6500 tax credit available to current home owners who make a move right now! This is exciting news!
The new tax credit is available to homeowners who have resided in their primary residence for at least 5 years. There is no requirement in regards to 'buying up', so this credit is an advantage to everyone, even those who are considering downsizing!
This extension/revision is great news for both Buyers and Sellers alike. Buyers - you now have time to find that house if you haven't already done so. Seller's - you now have an added incentive to make a move in the current market. Money is cheap, prices are low, and it's a FANTASTIC time to make a move!
Please feel free to pass this information on to anyone who you think may find it useful. Of course, I'd love to chat with anyone you know who has considered making a move but hasn't been able to do so yet. Your referrals alre always greatly appreciated!
Let me know if you have any questions. Make it a great day!
Nicole
nicolecharles@kw.com
(608) 513-0021
Homebuyer Tax Credit FAQs:
- Q: Existing homeowner credit: Must the new house cost more than the old house?
- A: No. Thus, for example, individuals who move from a high cost area to a lower cost area who meet all eligibility requirements will qualify for the $6500 credit.
- Q: I am an existing homeowner. On October 25, 2009, I signed a contract to purchase a new home. I have lived in my current home for more than 5 consecutive years and am within the new income limits. I will go to settlement on November 20. If President Obama has signed the bill by the time I go to settlement, will I qualify for the new $6500 tax credit?
- A: Yes. The existing homeowner credit goes into effect for purchases after the date of enactment (when the bill is signed). There is no reference to the date of contract for the new credit. The provision looks solely to the date of purchase, which is generally the date of settlement.
- Q: I am a firsttime homebuyer but was not within the prior income limits at the time I entered into my contract to purchase on October 30, 2009. I will be covered, however, by the new income limits. If the new rules have been signed into law by the time I go to settlement, will I be eligible for a credit?
- A: Yes. The new income limitations go into effect as soon as the President has signed the bill. The income limit and other eligibility rules will look to your status as of the date of purchase, which is the settlement date. So if the new rules have been signed when you go to settlement, you should be eligible for the credit (or a portion of the credit if you're within the phaseout range).
- Q: I am an eligible existing homeowner. I have a fair amount of equity in my home. I have found a home with a nonnegotiable price of $825,000. Will I be able to use any of the $6500 tax credit?
- A: No. The $800,000 cap on the cost of the purchased home is firm at $800,000. Any amount above $800,000 makes the home ineligible for any portion of the credit. The $800,000 is an absolute ceiling.
- Q: I owned my home for 10 years, but sold it two years ago year and have been renting since. If I purchase a home, will I be eligible for the $6500 tax credit if I meet all the other eligibility tests?
- A: Yes. Because you lived in the home for more than 5 consecutive years of the previous 8, you will qualify for the $6500 credit. For example, Say John and his wife bought a home in 2000 and lived there until 2008 when he got a divorce. Whether John has been renting or bought in the interim, he WOULD INDEED be eligible for the credit because he owned a home and occupied it as his principal residence for 5 consecutive years out of the last 8 years. The keyword here is "consecutive." As long as he lived in that house for 5 years straight what he did since 3 years doesn't impact eligibility.
- Q: I am an eligible firsttime homebuyer. I entered into a contract to purchase on November 1, 2009. Do I have to go to closing before December 1? How does the extension date affect me?
- A: You do not have to close before December 1. Once the legislation has been signed, it will be as if the Nov 30 date had never existed. Therefore, so long as the contract settles before April 30 (or July 1, worst case), the purchaser will be eligible for the credit.
The Differences:
First-time Buyer Credit Amount
• Then: $8,000.
• Now: $8,000.
First-time Buyer Definition for Eligibility
• Then: May not have had an interest in a principal residence for 3 years prior to purchase.
• Now: Same.
Current Homeowner Credit Amount
• Then: $0.
• Now: $6,500.
Current Homeowner Definition for Eligibility
• Then: None.
• Now: Must have used the home sold or being sold as a principal residence consecutively for 5 of the previous 8 years.
Termination of Credit
• Then: Purchases after November 30, 2009.
• Now: Purchases after April 30, 2010.
Binding Contract Rule
• Then: None.
• Now: So long as a written binding contract to purchase is in effect on April 30, 2010, the purchaser will have until July 1, 2010 to close.
Income Limits
• Then: $75,000 - single, $150,000 - married.
• Now: $125,000 - single, $225,000 - married.
Limitation on Cost of Purchased Home
• Then: None.
• Now: $800,000.
Purchase by a Dependent
• Then: None.
• Now: Ineligible.
Anti-fraud Rule
• Then: None.
• Now: Purchaser must attach documentation of purchase to tax return.
Thursday, November 5, 2009
Fannie Mae to rent out homes instead of foreclosing
Thousands of borrowers on the verge of foreclosure will soon have the option of renting their homes from Fannie Mae, under a policy announced Thursday.
The government-controlled company, through its new "Deed for Lease" program, will allow borrowers to transfer ownership to Fannie Mae and sign a one-year lease, with month-to-month extensions after that.
The program will "eliminate some of the uncertainty of foreclosure, keeps families and tenants in their homes during a transitional period, and helps to stabilize neighborhoods and communities," Jay Ryan, a Fannie Mae vice president, said in a statement.
But the effort is likely to affect a relatively small number of homeowners. In the first half of the year, Fannie Mae took back about 1,200 properties through this process, known as a deed-in-lieu of foreclosure. That pales in comparison to the 57,000 foreclosed properties the company repossessed in the period.
While neither option is particularly attractive for the homeowner, a deed-in-lieu does less harm to the borrower's credit record.
The rental program is designed to help homeowners who don't qualify for a loan modification under the Obama administration's plan, but still want to remain in their homes. Fannie Mae is not planning to market the homes for sale during the one-year rental period.
Fannie Mae has hired an outside company, which officials declined to identify, to manage the properties.
To qualify, homeowners have to live in the home as their primary residence and prove that they can afford the market rent, which would be determined by the management company. The rent can't be more than 31 percent of their pretax income.
Fannie Mae's sibling company, Freddie Mac, launched a similar effort in March. That policy, however, requires the foreclosure to be complete and only allows month-to-month leases. A Freddie Mac spokesman declined to say how many borrowers have participated.
(Article from www.Madison.com, written by ALAN ZIBEL, Originally posted on Thursday, November 5, 2009, 9:00 am)
Tuesday, November 3, 2009
Hydrogen Economy: Fundamental Changes In Our Future
Distinguished Lecture Series - Jeremy Rifkin
Futurist Jeremy Rifkin is the author of 16 books on the impact of scientific and technological changes on the economy, the work force, society, and the environment. His book, The End of Work, is an international best-seller that is widely credited with helping shape the current global debate on technology displacement, corporate downsizing, and the future of jobs. He is a frequent guest on numerous television programs, including Crossfire, Face the Nation, Nightline, 20/20, Larry King Live, The Today Show, and Good Morning America. Rifkin's latest book, The Hydrogen Economy, is an eye-opening journey into the next great commercial era in history. He envisions the dawn of a new economy powered by hydrogen that will fundamentally change the nature of our market, political and social institutions, just as coal and steam power did at the beginning of the industrial age.
Memorial Union - Wiscosin Union Theater.
Free; see website for free ticket distribution information
www.union.wisc.edu/DLS
Friday, October 30, 2009
Nicole Charles & Associates Real Estate Newsletter
If you would like to receive our free monthly newsletter by mail, email your name and address to abbyolson@kw.com!
Thursday, October 22, 2009
Monday, October 19, 2009
Upcoming Events in Madison, WI!
Oct. 18 - Jungle Jack Hanna, Capitol Theater, Overture Center for the Arts, more info
Oct. 23-25 - Madison Food and Wine Show, Exhibition Hall at Alliant Energy Center, more info
Oct. 27-29 - Wisconsin Truck Expo, Exhibition Hall at Alliant Energy Center, more info
Oct. 30 - Freakfest Halloween Weekend, State Street, more info
Oct. 31 - Arts Ball 2009, benefit for MMoCA, Nakoma Country Club, more info
November 2009
Nov. 8 - Wisconsin Dog Fair, 8am to 9pm, Exhibition Hall, Alliant Energy Center, more info
Nov. 14-15 - Winter Art Festival, 9am to 5pm Saturday, and 10am to 4pm Sunday, Exhibition Hall, Monona Terrace, more info
Nov. 14-15 - Kids Expo, Exhibition Hall, Alliant Energy Center, more info
Nov. 21-22 - One of a Kind Rubber Stamp & Scrapbook Show, 10am to 5pm Saturday, and 10am to 4pm Sunday, Exhibition Hall, Alliant Energy Center, more info
December 2009
Dec. 4 - Step Afrika!, Capitol Theater, Overture Center, more info
Dec. 4 - Capitol Tree Lighting Ceremony, Capitol Rotunda
Dec. 8-13 - "Grease" featuring "American Idol" winner Taylor Hicks, Overture Hall, Overture Center
Dec. 18-20 - "The Nutcracker," Overture Hall, Overture Center
Dec. 29 - Mannheim Steamroller, Overture Hall, Overture Center
January 2010
Jan. 23-24 - Flake Out Festival, Wisconsin Dells
Jan. 24-29 - Winter Restaurant Week, various locations in Madison
Jan. 26-31 - "Rent," Overture Hall, Overture Center
Jan. 29-31 - Monster Truck and Thrill Show, Coliseum, Alliant Energy Center
February 2010
Feb. 14 - Peking Acrobats, Overture Hall, Overtune Center
Feb. 26 - Red Stick Ramblers, 8pm, Music Hall
March 2010
Mar. 12-14 - Bike-O-Rama, Arena, Alliant Engery Center
Mar. 14 - St. Patrick's Day Parade, Capitol Square
Mar. 19 - Shidara, Japanese drum company, Capitol Theater, Overture Center
April 2010
Apr. 9 - The American Bluegrass Masters Tour featuring Bobby Osbourne, Capitol Theater, Overture Center
Apr. 15-18 - Wisconsin Film Festival, the annual celebration of cinema, several location in Madison
Apr. 16-18 - Midwest Horse Fair, Alliant Energy Center
Apr. 27 - May 23 - Disney's "The Lion King," Overture Hall, Overture Center
Apr. 29 - Monterey Jazz Festival, featuring Kenny Barron Trio, Regina Carter, Kurt Elling and Russel Malone, Capitol Theater, Overture Center
May 2010
May 28-31 - World's Largest Brat Fest, Willow Island, Alliant Energy Center
May 30 - Madison Marathon, Half-Marathon and Quarter-Marathon
July 2010
Jul. 3 - Rhythm & Booms, music and fireworks display, Warner Park
Jul. 14-18 - Dane County Fair, Alliant Energy Center
Jul. 16-18 - Maxwell Street Days, Downtown Madison
Friday, October 16, 2009
I GOT JELLO'ED LIKE DWIGHT!
Okay fine, I'm a high C. I like my stuff to be in its place. When we moved to the new office at the beginning of September I had a new spot for everything, and even brought in some decorations to add some color to our desks.
About a month ago one of my perfectly positioned plastic oranges went missing. Could it have been knocked off my desk by a careless passer-by? Was it stuck under a desk or cabinet, waiting for me to rescue it? I looked everywhere, but found no evidence of my immitation citrus. My desk looked so wrong without it! Could it have been stolen?
The first few days without my orange were the hardest. Where could it be? Who was taking care of it? Was it cold? Lonely? As time passed I began to adjust, but I never filled that hole on my desk in case some how, some day my orange came back to me.
When I woke up this morning something seemed different. The sun somehow shone brighter, and my frosted flakes tasted sweeter. I knew something magnificent was about to happen. I arrived at work, approached my desk, and could not believe my eyes.
ORANGE? IS THAT YOU?
I got dwight'ed.
Monday, October 12, 2009
$8,000 First Time Home Buyer Tax Credit Extension!!
"Tax and benefits bills are beginning to move, spurred by Congress' desire to extend expiring breaks and to solve a problem that low inflation has created in 2010 for Social Security and Medicare recipients.
Start with the first time home buyer credit, the $8,000 break that is set to expire Nov. 30.
The credit will be extended for a few months, and lawmakers will clarify that first time purchasers don't have to complete the sale by the expiration date to get the tax credit. They need only sign a contract. The odds are low that Congress will expand the credit to folks who aren't first time home buyers, or increase the credit limit to $15,000."
Stay tuned! We'll hear more about this soon!
Tuesday, October 6, 2009
iPhone Augmented ID from TAT
This is so cool. Pretty soon your iPhone will be able to recognize people, even if you don't! By simply pointing your phone at a person with a registered profile, your phone will be able to tell you that person's name, email, telephone number, and any other information that person chooses to share on his profile!
This technology is also being used with the new Yelp iPhone app. For example, by pointing your phone at a restaurant you can see it's name, address, rating, and reviews on Yelp!
This could be HUGE for the real estate industry! Imagine you're driving by a house with a for-sale sign out front. You slow down, open the Augmented Reality app on your iPhone, point your phone at the house, and BAM! Tons of photos and information about the house are right there for you to scroll through!
Why don't I have an iPhone yet?
"Augmented ID is a TAT concept that visualizes the digital identities of people you meet in real life. With a mobile device and face recognition software from Polar Rose, Augmented ID enables you to discover selected information about people around you. All users control their own augmented appearance, by selecting the content and social network links they want show to others. Modifying your augmented ID is easier than fixing your hair in real life and, of course, TAT Cascades will make sure you look great!"
(Video and information from TAT's blog)
Monday, October 5, 2009
Mummy Halloweenies with Mustard Dip!
- Heat oven to 375 degrees. Line two 15x10x1-inch pans with cooking parchment paper.
- On work surface, roll dough sheet out to 14x11-inch rectangle. Cut vertically to make two 11x7 inch rectagles. Cut crosswise into total of 44 (7x1/2-inch) strips. Pat sausages dry with paper towels.
- Wrap 1 strip of dough around each sausage to look like a littly mummy; press firmly at each end to secure. Place on cookie sheet 2 inches apart for even browning.
- Bake 15 to 20 minutes or until golden brown. Meanwhile, in small bowl, mix mustard and oregano. Place two small dots of mustard on each sausage for eyes. Serve warm with mustard dip.
(Image and awesome recipe from the Pillsbury Halloween Fun magazine. Visit http://www.pillsbury.com/!)
Friday, October 2, 2009
Best Apple Ever
Thursday, October 1, 2009
Creepy Halloween Lady Finger Pretzel Snacks!
Ingredients
- Red or green food coloring (optional, for fingers)
- 24 blanched almonds, halved lengthwise
- 2 cups warm water (110 degrees), plus 3 quarts, plus 1 tablespoon
- 1 tablespoon sugar
- 1 package active dry yeast (1/4 ounce)
- Vegetable oil
- 5 to 6 cups all-purpose flour, plus more for work surface
- 1 tablespoon coarse salt
- 2 tablespoons baking soda
- 1 large egg
- Sea salt
- Fried rosemary (optional, for toes)
Directions
- Place a small amount of food coloring, if using, in a shallow bowl, and, using a paintbrush, color the rounded side of each split almond; set aside to dry.
- Pour 2 cups water into the bowl of an electric mixer fitted with the dough-hook attachment. Add sugar; stir to dissolve. Sprinkle with yeast, and let stand until yeast begins to bubble, about 5 minutes. Beat in 1 cup flour into yeast on low speed until combined. Beat in coarse salt; add 3 1/2 cups flour, and beat until combined. Continue beating until dough pulls away from bowl, 1 to 2 minutes. Add 1/2 cup flour. Beat 1 minute more. If dough is sticky, add up to 1 cup more flour. Transfer to a lightly floured surface; knead until smooth, 1 minute.
- Coat a large bowl with cooking spray. Transfer dough to bowl, turning dough to coat with oil. Cover with plastic wrap; let rest in a warm spot to rise until doubled in size, about 1 hour.
- Preheat oven to 450 degrees. Bring 3 quarts water to a boil in a 6-quart straight-sided saucepan over high heat; reduce to a simmer. Add baking soda. Lightly coat two baking sheets with cooking spray. Divide dough into quarters. Work with one quarter at a time, and cover remaining dough with plastic wrap. Divide first quarter into 12 pieces. On a lightly floured work surface, roll each piece back and forth with your palm forming a long finger shape, about 3 to 4 inches. Pinch dough in two places to form knuckles. Or, to make toes, roll each piece so that it is slightly shorter and fatter, about 2 inches. Pinch in 1 place to form the knuckle. When 12 fingers or toes are formed, transfer to simmering water. Poach for 1 minute. Using a slotted spoon, transfer fingers to the prepared baking sheets. Repeat with remaining dough, blanching each set of 12 fingers or toes before making more.
- Beat egg with 1 tablespoon water. Brush pretzel fingers and toes with the egg wash. Using a sharp knife, lightly score each knuckle about three times. Sprinkle with sea salt and rosemary, if using. Position almond nails, pushing them into dough to attach. Bake until golden brown, 12 to 15 minutes. Let cool on wire rack. Fingers and toes are best eaten the same day; or store, covered, up to 2 days at room temperature.
(Photo and Recipe from www.MarthaStewart.com.)
Wednesday, September 30, 2009
Tuesday, September 29, 2009
WalkScore: Free, Awesome, and Helpful!
Friday, September 25, 2009
Easy Recipe for the Whole Family!
Burrito Pie
SUBMITTED BY: KATHIMC
PREP TIME 30 Min
COOK TIME 30 Min
READY IN 1 Hr
INGREDIENTS
2 pounds ground beef
1 onion, chopped
2 teaspoons minced garlic
1 (2 ounce) can black olives, sliced
1 (4 ounce) can diced green chili peppers
1 (10 ounce) can diced tomatoes with green chile peppers
1 (16 ounce) jar taco sauce
2 (16 ounce) cans refried beans
12 (8 inch) flour tortillas
9 ounces shredded Colby cheese
DIRECTIONS
1.Preheat oven to 350 degrees F (175 degrees C).
2.In a large skillet over medium heat, saute the ground beef for 5 minutes. Add the onion and garlic, and saute for 5 more minutes. Drain any excess fat, if desired. Mix in the olives, green chile peppers, tomatoes with green chile peppers, taco sauce and refried beans. Stir mixture thoroughly, reduce heat to low, and let simmer for 15 to 20 minutes.
3.Spread a thin layer of the meat mixture in the bottom of a 4 quart casserole dish. Cover with a layer of tortillas followed by more meat mixture, then a layer of cheese. Repeat tortilla, meat, cheese pattern until all the tortillas are used, topping off with a layer of meat mixture and cheese.
4.Bake for 20 to 30 minutes in the preheated oven, or until cheese is slightly brown and bubbly.
Owen in the Limelight!
Also in today's breaking news, somebody's big stinky compost pile is being moved or something.
Thursday, September 24, 2009
Open, Spacious Condo For Sale in Madison, WI!
This cute home is located at 2937 Turbot Dr., Madison, WI. (See it on a map!) For more information or to schedule a private showing of this property contact Nicole directly at (608) 513-0021!
Cute Condo For Sale in Cross Plains, WI!
This sunny condo is located at 2315 Brewery Rd in Cross Plains, WI. (See it on a map!) For more information or to schedule a private showing of this property contact Nicole directly at (608) 513-0021!
Amazing 1890's Victorian For Sale in Evansville, WI!!
This gorgeous home is located at 236 W. Main St. in Evansville, WI. (See it on a map!) For more information or to schedule a private showing of this property contact Nicole directly at (608) 513-0021!
Friday, September 11, 2009
Keller Williams Realty Receives Nod as the Highest Ranked in Customer Satisfaction
AUSTIN, TEXAS (September 2, 2009) —According to the J.D. Power and Associates 2009 Home Buyer/Seller StudySM, Keller Williams Realty, Inc., the third largest real estate company in North America, received the highest overall satisfaction ratings from home buyers among the largest full-service real estate firms for the second year in a row. The company also ranked second-highest among home sellers in the study.
“We couldn’t be prouder. This is an achievement our associates have truly earned. It is the face-to-face interaction and the relationships they build daily that has impacted this study and elevated Keller Williams Realty to another level in customer service,” said Mark Willis, CEO of Keller Williams Realty. “Knowing that this study was conducted during the toughest times the market has seen shows that spirit and dedication can make an impact.”
The study was produced by J.D. Power and Associates to measure home buyers’ and sellers’ customer satisfaction. The results of the home-buying experience were determined by three factors including the agent, office and the package of additional services.
“I am absolutely beaming with pride that our agents have been honored in such a fantastic way,” said Mary Tennant, president and COO of Keller Williams Realty. “We are lucky to be in business with such incredible business people, who have shown incredible resolve over the past two years. If there was a time to build their business, it is now.”
About Keller Williams Realty Inc.:
Founded in 1983, Keller Williams Realty Inc. is the third-largest real estate franchise operation in the United States, with 679 offices and 73,000 associates in the United States and Canada. The company, which began franchising in 1990, has an agent-centric culture that emphasizes access to leading-edge education and promotes an economic model that rewards associates as stakeholders and partners. The company also provides specialized agents in luxury homes and commercial real estate properties. For more information, or to search for homes for sale visit Keller Williams Realty online at http://www.kw.com/.
Friday, September 4, 2009
Pumpkin Patches Near Madison, WI!
- They sell: winter squash, pick-your-own pumpkins, pre-picked pumpkins, gourds, straw bales, corn shocks, dried floral arrangements, and fall decorations
- They have: a 1 mile hiking trail, a corn maze, tractor pulled hay rides, and a haunted house
- They're open: Last weekend of September through Halloween, Saturday and Sunday 11 am to 5 pm.
- They sell: pick-your-own or pre-picked apples, and apple cider
- They have: sheep for you to visit, chickens for you to feed, a duck pond to sit by, hayrides, an orchard for you to walk through, and an oak savanna with views of Blue Mounds for you to explore
- Contact them: phone - (608) 798-2780, email - fun@theappleberryfarm.com, website - http://www.theappleberryfarm.com/
Carandale Farm
- They sell: pick-your-own apples and pumpkins, caramel apples, apple butter, frozen pies, honey, jams and jellies, pears, plums, squash, gourds, dried flowers, pre-picked and pick-your-own tomatoes, raspberries, and strawberries
- They're open: until November 1st, 10 am to 6 pm on Mondays, Tuesdays, Thursdays, and Fridays, 10 am to 5 pm on Saturdays, and noon to 5 pm on Sundays (closed Wednesdays)
- Contact them: phone - (608) 835-5871, website - http://www.carandale.com/
- They sell: pick-your-own apples, raspberries, and pumpkins
- They have: hayrides, animals, and a haunted barn
- Contact them: phone - (608) 845-5966, email - forest@eplegaarden.com, website - http://www.eplegaarden.com/
Foster's Fall Harvest
6617 State Road 73
Marshall, WI 53559
- They sell: twenty varieties of pumpkins, squash, gourds, ornamental corn, and corn shocks, apples, honey, and crafts
- They're open: September through Halloween, evenings 5 pm to 7 pm, weekends 9 am to 7 pm
- Contact them: phone - (608) 655-4275
Green's Orchard
2722 Williams Dr.
- They sell: pick-your-own pumpkins, pick-your-own and pre-picked apples, squash, honey, sweet corn, Indian corn, and tomatoes
- They're open: 10 am to 5 pm on Saturdays and Sundays
- Contact them: phone - (608) 873-4096, email - apples247@yahoo.com
Hermanson Pumpkin Patch
- They sell: pick-your-own and pre-picked pumpkins, pre-picked produce, birdhouse gourds, decorative gourds, large atlantic giant pumpkins, straw bales, corn shocks, minature corn, Indian corn
- They have: a petting zoo that includes llamas, donkeys, goats, pigs, calves, fish, and a large st. bernhard dog
- They're open: September and October, everyday from 9 am to 6 pm
- Contact them: phone - (608) 884 - 8759, email - vicki.ferrell@edgerton.k12.wi.us
Schuster's Playtime Farm
1326 US Highway 12 and 18
- They sell: 15 varieties of pick-your-own and pre-picked pumpkins, pre-picked produce, decorative corn, fall basket arrangements, fall decorative ceramics, corn stalks, straw bales, decorative gourds of all sizes, squash potpourri
- They have: a corn maze, a haunted corn maze, a straw or haybale maze, a corn cannon, a gift shop, a snacks and refreshments stand, a picnic area, tractor-pulled hay ride, wagon rides, and a petting zoo
- They're open: September and October, 9 am to 7 pm Mondays through Saturdays, and 10 am to 6 pm Sundays
- Contact them: phone - (608) 764-8488, email - playtime@chorus.net, website - http://www.schustersplaytimefarm.com/
The Tree Farm
- They sell: asparagus, beans, beets, broccoli, carrots, Christmas trees, sweet corn, cucumbers, eggplant, flowers, peas, peppers, pumpkins, rhubarb, summer squash, winter squash, tomatoes
- They're open: September and October, 9 am to noon and 4 pm to dusk on Wednesdays, Thursdays, and Fridays, and 9 am to 5 pm on Saturdays and Sundays
- Contact them: phone - (608) 798-2286, email - treefarm@midplains.net
Willow Glen Farm
- They sell: a great selection of pre-picked pumpkins, gourds, winter squash, Indian corn, broom corn, honey, ornamentals, specialty squash, gourds, and miniature Indian corn
- Contact them: phone - (608) 845-6016
(Photo from http://www.waltcurleeart.com/, information from http://www.pumpkinpatchesandmore.org/)