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Alternatively, you may email or call Wena directly.
wena@wenaroeloffze.com
(414) 737-1151
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Frequently Asked Questions
For Sellers
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You can work with a realtor and draft your listing agreement in different ways:
Exclusive listing: only 1 agent lists your home and handles the whole transaction on your behalf;
Open listing agreement: more than 1 agent lists your home and you only pay the agent who sold your home;
Exclusive agency: the owner retains the right to sell the property without owing the listing broker a commission;
One-party listing: you have a listing agreement where specific buyers are mentioned, and only when those buyers purchase the home, commission is due.
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A google search of nearby homes or looking on Zillow is not an accurate or measured method to assess what your home can sell for. We perform a detailed analysis of sold homes in your area as well as comparable home amenities and the updated look which prospective buyers have in the current market. We not only provide you with the current market conditions and what buyers are looking for most, we also provide you with solutions on what is beneficial to attain your home sale goals. Pricing, strategy and market research is crucial to give you the best knowledge of what your home can sell for.
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All commissions are negotiable. We offer suitable packages for all budgets and circumstances. We even offer a no obligation cash offer.
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A listing price is the amount chosen to entice the largest number of buyers to view your home. Offer price is the value buyers place on your home when making an offer. Selling price is the combination of the offer price and any appraisals on your home which is used for public records. Listing and selling price should not be confused with sentimental value or remodeling you as the seller invested.
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A home assessment value is done for tax purposes and an assessor works for the city or village. An appraiser works for a mortgage company to assure the lender that they can lend buyers the money to purchase their dream home.
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We highly advise that your home looks uncluttered and as clean and neat as possible. See our extensive blog for detailed information. Our consultation can help you structure and plan for preparing your home.
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That is your choice as a homeowner. Selling your home “as-is” does not release you from disclosing your knowledge about the home’s condition.
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Yes, you need your Title Insurance to receive a discount on your closing statement. You also need all invoices and lien waivers for work performed at your home during the last 6 months before you close on your home. If you are part of a Homeowners association or a Condominium association, you will need to produce those documents and fees to prospective buyers. If you have any transferable warranties or manuals for appliances, you can start to gather that information.
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Yes. Whether you live there or are a landlord, you have to fill out a report. There are very few exceptions to this and you risk losing your buyer’s offer if you do not complete the report. A seller condition report is your best friend when selling your home. Ask us more about this at a consultation if you are wondering what benefit this can have.
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According to law, if your home was built before 1978, you are required to disclose if you are aware of any lead-based paint on your property AND give the prospective buyer the opportunity to test for it. This is a legal obligation.
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Yes, we have examples of many successful transactions where FSBO sellers offered a commission package where we handle the transaction on behalf of both parties. We also sell complete marketing strategies to FSBO’s who would like to sell on their own.
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Earnest money is held in escrow by either the title company or listing brokerage in a trust account and is disbursed at closing.
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Most buyers will want to have a home inspection performed. The home inspector may recommend a follow-up inspection by a qualified 3rd party to investigate some parts of the home if deemed necessary. Buyers may also want radon testing if they would want to spend a lot of time in the basement. If you have a well or septic mound, buyers will be advised to test those items as well. VA financing will furthermore test for wood destroying insects on your property.
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The short answer is yes. You will need to show your new agent any excluded buyers you had with the previous agent. If they did not provide you with a list, you should ask for one. This will prevent you from paying 2 commissions and is very important.
For Buyers
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Consult with a mortgage lender on what your budget is and what type of financing would be best suited for your requirements.
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You can approach as many lenders as you wish, as long as you do so within 45 days of submitting your first financial information to reflect 1 mortgage review on your credit score.
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It matters who you work with and we hope you found us through a referral. An objective and brutally honest person who works for your best interest is always our best advice. If we are not the right team for you, interview at least 3 agents and determine if they are really interested in your goals.
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Yes. You are responsible to pay your broker. The offer does make provision to request the seller to pay your broker. Compensation is always negotiable.
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This is somewhat of a traditional term and condition that stayed in force to replace the golden handshake between parties. It is usually calculated as 1-2% of the offer price and could even be higher. This amount is not above and over the offer price, but gets deducted from the offer price on the closing statement. It is to say: “Seller, I really want to purchase this home, here is some money until we close''. This money is held in escrow by the listing brokerage or title company in a trust account and gets disbursed at closing.
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Budget for inspection costs ($350-$850 depending on what needs to be performed). Put money away for painting, cleaning and re-keying your new home, as well as moving costs, pet-sitting, new utility connections and cable/internet installations. Do not incur any credit card debt or take out a loan on new furniture, a new car or a new boat!
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This could be a stressful event if you are expecting a report stating your home is superb. A home inspection is only an observation of the condition of the second-hand item you are purchasing. It is completely normal to have a laundry list on the report – that is the inspector’s job. The role of an inspection contingency is to determine major defects, not to quibble over lack of maintenance or scheduled future maintenance and upgrades. We work with excellent home inspectors who welcome your calls to determine your expectations and needs from the inspection.
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You can elect to test for radon if you would be spending a lot of time in the basement. If the property has a well or septic mound, those should be tested as well. For VA financing, there is a wood destroying insect test as well. Your home inspector may recommend that you have specialists evaluate certain parts of the home, eg. The foundation or chimney.
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Proof of funds from your financial institution. A bag of money will not suffice.
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It depends on the specific situation, the market conditions and the readiness of your current home. Schedule a detailed consultation with us to determine the best path.
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A home warranty is not to be confused with home insurance. Home warranties cover mostly appliances and mechanicals and their unexpected departures. There are many plans available and some sellers offer warranties as an incentive when selling their home.
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At closing. From closing day onwards, the home is yours and all taxes and utilities will be prorated as such.
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It depends. If you bought a condominium, you will have to make sure when you write the offer, it does allow for rental. Most subdivisions also have rules with regards to rental terms. If you bought it as an investment property and the home is not intended to be your homestead, your lender will advise on applicable rules and taxes.