Year End Lake Geneva Lakefront Real Estate Market Update

lake geneva lakefront real estate agents
The Melges Team – Your Key to Success! Lake Geneva Lakefront Real Estate Experts

2012 is going to go out with a BANG as far as Lake Geneva Lakefront Real Estate goes.

In the last 7 weeks, we’ve seen tons of lakefront real estate activity, both from buyers and sellers.  There have been tons of calls for showings and to list their homes for sale.  Buyers are looking for the perfect Wisconsin vacation home and they know that they are in competition for the best values.  On Lake Geneva, there are currently 5 lakefront homes under contract.

They span across a whole variety of price points from the entry level $1M lakefront listing to a historic home on the West End at $3.5M.  Another lakefront in Fontana on S. Lakeshore Drive was just listed this month and has proven to have tremendous value for the list price.  In the news, we’ve been hearing forecasts and predictions for the 2013 real estate market.  Indicators remain strong that mortgage rates will continue to stay low.  This will give buyers more buying power to find the perfect lakefront home for their family.

I also have read in a few different real estate publications that prices are going to start rising.  The Wall Street Journal just had an article in there predicting home prices would jump 9.7% in 2013.  What’s driving these predictions?  Market activity is a large part of it.  As real estate markets go, the 4th quarter isn’t usually the most active.  While we’ve had a better year in the Lake Geneva lakefront market than 2011, we never would have predicted the lakefront market to be this busy closing in on the new year.  With offers on the table being negotiated, this will jump start 2013 in a very strong way.

With any segment of the market there are unique nuances that are critical to successfully selling your home.  Lake Geneva vacation homes are no exception to that rule.  Staying current on market trends and listing your home on market provide you the best opportunity to sell in 2013.  If you’re planning on selling your home this year, contact us to help you with your plan.  Our proven system will help you price your home on market, get your home in beautiful shape to show and gain market exposure both online and offline to get the most amount of potential buyers interested in your property.  For a personal meeting email us at mmelges@keeferealestate.com or call/text (262) 745-3738.

Our team works together to make sure you find the perfect Lake Geneva home for your family or the perfect buyer for your home.  From listing and showing to the closing table, we see to all the details so you can focus on packing & moving!  We’ll answer all your questions and help you achieve your real estate goals!

If it’s been your dream to own a lake home, today is the perfect time to start the process of achieving it! The Lake Geneva Lakefront Real Estate Market is active and we’re here to help you in any way we can.

 

lake geneva wi vacation homes for sale

This could be your view! Call us about this beautiful vacation home on the West End of Lake Geneva today! (262) 745-3738

Michalene and Hans Melges specialize in Lake Geneva lakefront real estate.  With in-depth market knowledge, years of experience and a passion for the lake, they provide their clients with the best service in the market.  Whether you are new to Lake Geneva or you’re selling an estate that has been in your family for years, the Melges team will help you every step of the way!

“Just a quick note to say thank you for selling our home. It is refreshing to work with such a professional who is always ahead of the game, thinking out of the box with new ideas to get our house sold. I appreciate the constant communication and quick responses you provided. We went through two other agents with very little success. When we chose you, there was a measured difference in activity and communication. You told us you would get our house sold and you did within our time frame. I would recommend you to anybody hoping to buy or sell their home. They won’t be disappointed! I wish you and your family all the best!” ~Scott A. Kwit


Country Club Estates Custom Home

This Country Club Estates home has a view of Geneva Lake that people swoon over!

Designed for functionality and entertaining, this custom-built home in Fontana, WI offers a beautifully decorated home that was showcased in Sheridan Road magazine.  With huge windows, the gathering areas are filled with sunlight and offer great space for family and friends to get together.

The open-concept floor plan adds to the functionality of the home.  In designing the kitchen, the owners made sure to use all the best finishes and appliances.  Architectural appointments designed by McCormick & Etten.  The gourmet kitchen; has granite counters, Sub Zero, Miele, Viking appliances and a Bose Stereo System throughout the home.  Beautiful hardwood floors add to the quality finishing touches that make this home family friendly and perfect for entertaining.

 

country club estates fontana wi

Yes, I do believe this is the perfect spot to have your morning coffee!

When this home was designed, the owners made sure that the layout was functional for anybody.  With 2 master suites, it can serve great as a vacation home for friends.  The main floor master bath was just completely renovated and could be a picture for a Pottery Barn ad.  With it’s shabby chic feel and walk in shower you’ll feel right at home here.

The second master suite has it’s own wing of the home.  With a beautiful fireplace and windows that showcase your view of the lake this owner’s retreat will let all your worries melt away.  The bathroom has a deep, soaker tub and separate shower to make relaxing and getting ready easy for both of you!

Fontana WI Homes for Sale

Tucked away, this Master Suite has lake views, private bath and fireplace!

This home has stunning views of Geneva Lake.  It has an amazing view all year long, sits above Fontana so your view is over the harbor and all of the West End. There is no other place we would rather be for fireworks and family fun.  With the wrap-around deck, and built-in Bose sound system, it’s the perfect set up for entertaining guests!

Located in Country Club Estates, you are within walking distance to the beach and golf course.  It’s so much fun for kids all summer long being able to created their own memories and make friends at the lake!

The moment you walk in the door, this beautiful home will welcome you.  You’ll want to grab your favorite book, pour a cup of coffee and sit for hours overlooking the lake and enjoying the West End of the lake.

This is a home you have to see in person! To set up an appointment to see the property, call or text (262)745-3738.

Listing Price: $ 699,000
Address: 730 Arrowhead Drive
City: Fontana
State: WI
ZIP: 53125
MLS #: 1287774
Bedrooms: 3
Bathrooms: 3
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Beautiful Gourmet Kitchen

 

This Country Club Estates home in Fontana, WI is listed by Michalene & Hans Melges with Keefe Real Estate, Lake Geneva. The Melges team shares their unparalleled knowledge and passion for Lake Geneva with their clients. Listening to what you are looking for in a lakefront vacation home, they will put their knowledge of every shoreline along Geneva Lake to work finding you the perfect home in the perfect location. If you’re looking for a home in Fontana or Lake Geneva, WI connect with the Melges Team for help. They’ll make sure all your questions are answered and that all the details are tended to making your home purchase their priority! Call or text (262)745-3738 to talk with the Melges Team and start making your dream about owning a Lake Geneva home possible!


4 Tips to Turn Your Lake Geneva Lakefront Home into a Buyers Winter Wonderland

Selling your Lake Geneva lakefront home is a big decision. No matter the time of year, you want your home to be viewed favorably in the eyes of buyers.

lake geneva lakefront real estate agentsWinter is especially challenging for sellers because lets face it, the gardens and landscaping have all been trimmed back and don’t show their true colors, the trees are bare, the lake is void of piers and will be starting to freeze over, not to mention the temps outside drive buyers inside much faster.  So it’s even more imperative that your home show beautifully on the inside to make your buyers feel welcome.

To help you bring joy and warmth to your home when you list in the winter months, here’s a few tips that will help buyers feel at home in your home.

1.  Add a pop of color with seasonal fruits - Displaying the beautiful colors of winter fruits such as persimmons, apples, pomegranates, and the countless varieties of citrus in large bowls around your living space add that pop of color.

2.  Use Christmas lights to add more lighting in all the right areas - using Christmas lights on the bushes and along the walk way create a warm, welcoming curb appeal.  They also help to light the way so potential buyers don’t trip as the evenings are much longer and darkness is setting in shortly after 4.  With the popular LED lights available now, they cost 1/19th of the price in electricity, so it becomes cost effective to use them.  Disclaimer: Blow up lawn ornaments are a sure way to make a buyer turn around and head to the next listing.

3.  Greenery can spruce up any indoor space - Whether your tree is real or silk, you can still bring in that fresh-cut pine tree smell.  Hang a wreath on your front door or above the mantle on your fireplace.  Gather pine cones and create a basket or bowl for the hearth.  Use small pine branches along the center of your dining room table as a runner.  It’ll add color and bring a little bit of the outdoors in!

4.  Create seasonal floral arrangements for your living space - who doesn’t like a beautiful flower arrangement?  I think it makes any space feel warmer and show how much care you’ve taken to make sure your buyers feel welcome.  Place fresh cranberries in a large transparent vase, fill it with water, and arrange your flowers as you normally would. For an even more dramatic look, choose white flowers along with your arrangement’s leafy fillers.

lake geneva lakefront homes for sale

Via Pinterest

If you’re planning on selling in the near future, listing your Lake Geneva home over the holidays or immediately following the holidays is a very good strategy.  We’ve had a ton of buyer activity in the last 6-8 weeks.  Also, many sellers opt to take their homes off the market for the holidays creating less competition for you.  With rates still being at record lows, and continuing that trend into 2013 from all account’s we’ve read, buyers are serious about writing and find a lakefront home to grow into with their families for years to come.

To discuss the current real estate market and what you can expect when selling your home call or text (262) 745-3738.  We’re happy to share the facts and create a plan using our proven system to help you get the results you desire!

 

Charming Victorian Square Home

lake geneva homes for sale
951 S. Lake Shore Drive, Unit #4, Lake Geneva

 All the charm of a bygone era, with all the conveniences of today!  This beautiful Victorian Square home is for sale in Lake Geneva!

Enjoy the privacy & convenience of Victorian Square.  What makes Victorian Square in Lake Geneva different?

EVERYTHING!

It’s a private association of single family houses.  This is truly a maintenance free association!  The association is responsible for maintaining the yards and plowing the snow.  They even edge your flower beds in the spring!

The location of this Victorian Square home is ideal!  You are literally in the perfect spot to enjoy all four seasons of fun and activities Lake Geneva offers.  Spacious and meticulous this 3 bedroom Victorian home welcomes you with a story book front porch.  If you love tranquility, you will enjoy the quiet setting on the circle in Victorian Square.

You will feel the warmth this home exudes from the minute you walk in the door.  The main level boasts a beautiful foyer leading to an open great room.  From the beautiful fireplace to the gorgeous hardwood floors, and into the kitchen you’ll appreciate the very well thought out floor plan.  It’s perfect for entertaining family and friends at the lake.  With a full bath off the kitchen, and access to the 2 car garage and gorgeous backyard patio, this home is designed to move in and enjoy the convenience.  The home is sun filled and spacious.

In addition to the spacious main level, the upper level hosts 3 bedrooms including a master suite with beautiful whirlpool jacuzzi tub and sunny sitting area.  There is also a full basement for you to create a rec room or to store all your lake toys.  You are just a short walk to downtown Lake Geneva shopping, Starbucks and the beach in 10 min as you pass by beautiful Stone Manor on your way.

If you’d like to see this gorgeous Lake Geneva home for sale in Victorian Square, feel free to schedule an appointment for this weekend!

Showings by Appointment
Contact Michalene or Hans Melges to schedule a tour
Call or text (262) 745-3738
Listed by The Melges Team of Keefe Real Estate – Lake Geneva
 

Victorian Square in Lake Geneva is the perfect setting for someone that wants to enjoy lake living, but doesn’t want to be surrounded by hustle and bustle of a busy city.  It’s close and convenient, yet private and enjoyable!  But you don’t have to take my word for it.  Stop by for a tour and see for yourself!

Listing Price: $ 299,900
Address: 951 S. Lake Shore Dr. Unit 4
City: Lake Geneva
State: WI
ZIP: 53147
MLS #: 1286760
Bedrooms: 3 All with Hardwood Floors
Bathrooms: 3 Full

Fontana Lakefront – The Great Gatsby of the West End of Geneva Lake

lake geneva lakefront for sale

704 S. Lakeshore Dr. Fontana, WI 53125

Located on the West End of Geneva Lake, this lakefront home is a true Great Gatsby-esque classic estate.

Growing up around the lake, certain lakefront homes just stick in your memory like your favorite movie or a catchy song.  This beautiful home has all the charm of a classic Lake Geneva lakefront and yet the owner has completely renovated the interior to provide you warmth, luxury and comfort that your family will feel comfortable in year round.

The lakefront property is beautiful.  With 81′ of frontage at the West End of Geneva Lake, the location on this property is exceptional.  Close to all the summer fun (and winter too if you love ice boating or ice fishing).  You can see all the area fireworks sitting on your own pier.  During the summer, you can even have your mail delivered by boat from the Mailboat Tour from the Riviera in Lake Geneva.

lake geneva property lakefrontThere’s always something fun to do around Geneva Lake!

The home is very spacious offering 7 bedrooms and 4 bathrooms.  Paying close attention to the original character and details, the owner very carefully remodeled the home.  The home still has beautiful leaded glass windows and a gorgeous wooden banister on the winding staircase.  Yet, the kitchen has been redesigned with all high-end finishes that make entertaining a delight!

This lakefront property is worthy of being on a holiday card and it ready for a new family to move in and enjoy many holidays here!  If you’re looking for a sound real estate investment, this property is the buy of the year!  Come see for yourself via a private showing or at an open house.

Showings by Appointment
704 S. Lakeshore Dr. Fontana, WI
Hosted by Michalene & Hans Melges with Keefe Real Estate

Please call or text (262)745-3738 and we will set up an appointment to show you the home. 

lake geneva realestateHomes like this don’t become available often.  With the classic charm of the original house and a renovation that will please even the most discerning buyers, this property is the perfect place to start your happily ever after!

Listing Price: $ 2,799,000
Address: 704 S. Lakeshore Dr.
City: Fontana
State: WI
ZIP: 53125
MLS #: 1285987
Bedrooms: 7
Bathrooms: 4

 

“5 Stars! Michalene Melges is truly one of the most amazing realtor’s we have ever used! She “listens” to you as a client, she was spot on helping us find a piece of property at was rock solid as an investment. Her help in guiding us through the process was invaluable. When I thought I had to sell the property, she moved incredibly fast! My neighbors said it was the Melges machine going to work, she had a parade of people through our house in days!!! It was nothing short of amazing! She’s truly one of a kind! A true professional!” Donna Chollman Brongiel

 

lake geneva real estate lakefront agents
The Melges Team – Top Producing Lake Geneva Lakefront Realtors

This Geneva Lake lakefront home is listed by Michalene & Hans Melges with Keefe Real Estate, Lake Geneva.  The Melges team shares their unparalleled knowledge and passion for Lake Geneva with their clients.  Listening to what you are looking for in a lakefront vacation home, they will put their knowledge of every shoreline along Geneva Lake to work finding you the perfect home in the perfect location.  If you’re looking for a home in Fontana or Lake Geneva, WI connect with the Melges Team for help.  They’ll make sure all your questions are answered and that all the details are tended to making your home purchase their priority! Call or text (262)745-3738 to talk with the Melges Team and start making your dream about owning a Lake Geneva home possible!


Luxury Housing Market Beginning to Surge – What’s the Impact on Lake Geneva Lakefront Real Estate

Lake Geneva lakefront real estate has proven it’s strength throughout 2012.

lake geneva lakefront homes for sale

Via Pinterest

At the beginning of this year, we blogged about what we were expecting to see in the Lake Geneva lakefront real estate market this year.  It’s been an incredible year to say the least.  This year Lake Geneva saw the largest closing in 8 years of a lakefont estate called The Folly at $7.1M.  Unlike 8 years ago, we’re also seeing lakefront homes being foreclosed on and being sold in short sale situations.  Two notable sales in this category closed this year so far (with year end still in escrow) one closed at $1.86M and the other at $3.7M.

With our local market seeing such notable sales, seeing an article about Warren Buffet purchasing a real estate franchise peaked our interest.  People have been paying attention to what Warren Buffet has been doing with his investments for a long time.  Paying attention when he invested in commodities and following his lead.  With this most recent acquistion of a real estate franchise, is this an indicator Warren Buffet sees the housing market improving?  While there’s no crystal ball, it’s an indicator worth taking note of.

If you’re considering whether now is the time to get active in the Lake Geneva lakefront real estate market, here’s a few things to consider based on a Wall Street Journal article:

  • Home sales using a jumbo mortgage ($417,000 and up in most places, $625,500 and up in high-cost areas) had year-over-year growth of 7.9% through September, compared with 2.7% for non-jumbo sales.
  • Homes sold in major metro areas with a loan of $1 million or more were up almost 28% through September compared with the same period last year. Similar sales with loans of less than $1 million rose 8.5%.

With the luxury home market trending upward and seeing the Lake Geneva lakefront homes selling in our local market, we concur with the national statistics.  People are looking to purchase now while home prices offer value and the “buy & hold” strategy can create ROI for them.

To discuss listing your Lake Geneva home for sale, contact us at (262)745-3738.  We’d be happy to answer your questions and discuss comparable properties to give you the full picture on selling your home.  We’re here help you put together a marketing plan that stands out in our local market place to get buyers attention both online and offline.

Lake Geneva lakefront real estate is more than a business, it’s our passion and our purpose!  We look forward to talking with you.

 

The Melges Team, comprised of Michalene and Hans, were hands-down the best realtors who have ever worked with us. This is coming from a family that has purchased 10 homes in the past 22 years. We can sometimes be impulsive and we called Michalene at the last minute to see some homes on Lake Geneva. Michalene and Hans rearranged their schedule and took us out the following day. We were given a complete list of the homes that we were going to tour in order to preview them in advance. Once we purchased we were definitely not left alone. Michalene helped through the entire process as it was a second home and we were not local. When it came time to move into the house, Michalene helped set up all the contractors that were needed in order to move into the home. She not only helped set up the appointments, but she spent an entire day in our home letting the contractors in and overseeing the work. Michalene and Hans went way beyond our expectations!
~Kelly & John H., Lake Forest, IL


A Year of Thankfulness

To our clients, friends and family,

As we write this, we’re getting our family ready for another wonderful Thanksgiving.  We reflect on the year as it’s unfolded and find ourselves beyond grateful.  We’re so blessed to have had so many wonderful clients that have become friends throughout the year.  It’s such a privilege and a joy to introduce new families to our lake, the lake we love.  Lake Geneva has been so wonderful to our family.  It’s provided opportunities for our kids to grow and learn.  From soccer to sailing, the communities around the lake are such great places to enjoy everything our community on the water has to offer.

melges keefe lake genevaAs business owners, we continue to enjoy the relationships we have and appreciate the connections we have made with other local businesses throughout the year.  Because we all share a love for our community, it becomes even more fun to share and promote those businesses headed into the holidays.  Remember this year as you start your holiday shopping to stop by some of your favorite local stores.  It’s more important than ever to support those small businesses that help our communities.  From sponsoring school events and community functions, those small businesses are what give Lake Geneva and Fontana character.

It’s with a heart full of gratitude that we thank you for trusting as your real estate advisors and for referring us to your family and friends.  We hope your family is surrounded by happiness throughout the holiday season!

Michalene Hans Melges Keefe Lake GenevaHappy Thanksgiving,

Michalene & Hans Melges and Our Boys

Michalene,
Just a quick note to say thank you for selling our home. It is refreshing to work with such a professional who is always ahead of the game, thinking out of the box with new ideas to get our house sold. I appreciate the constant communication and quick responses you provided. We went through two other agents with very little success. When we chose you, there was a measured difference in activity and communication. You told us you would get our house sold and you did within our time frame. I would recommend you to anybody hoping to buy or sell their home. They won’t be disappointed!
I wish you and your family all the best!
Scott A. Kwit

Proven System Successfully Sells Abbey Springs Fontana Condo

Abbey Springs Fontana WI Condominium

From listing to closing in just 74 days!

Another Abbey Springs condominium in Fontana Wisconsin closed today!

When discussing listing a property for sale, we cover many facets of the property and what the current real estate market looks like.  What’s of particular interest in this sale is that prior to listing with The Melges Team, this individual condo had been on the market for 401 continuous days.

Here’s why the property closed was listed and closed in 74 days using our proven system:

  • The Abbey Springs condo was staged perfectly and sold fully furnished for a complete package deal.
  • The sellers listened to our discussion about the current Lake Geneva real estate market and reacted with aggressive price changes.
  • We completed a home inspection on the unit prior to listing it for sale so the sellers and potential buyers would know exactly what they were dealing with. (Subsequently there were no major defects or we would have addressed those prior to listing as well.)

As a result of following the proven system we use to analyze the market, price the property, market the property both online and offline, we received an offer and negotiated it successfully.  In addition we had a flawless transaction from start to finish.

Abbey Springs ResortAbbey Springs is a very popular neighborhood that people are looking to live in.  There’s plenty of amenities including a pool, tennis courts, fitness center, golf course, yacht club and private beach area.  It appeals to both year round residents as well as people looking to buy a vacation property.  With it’s mass appeal, properties in Abbey Springs cover a wide range of styles and prices.  In 2012 so far condo sales have ranged from a sold price of $110K up to $605K and many were in between.

This particular unit was a 2 bdrm, 1.5 bath condominium that included all the furnishings and the golf cart.  It was not a fire sale!  The sellers were great listeners that took the feedback they were hearing from the market and reacted accordingly to get the right buyer to make an offer on their Abbey Springs condo at the right price.

It doesn’t matter however if you are selling a condo in the $200K range or an expansive $2M lakefront – working with a proven system that we use will position your property to sell.  We do the same work on all of our listings to make your property stand out when it hits the market.  While there is no crystal ball, there are certain market factors that DO affect your property selling.  Listening to those factors and reacting quickly is one aspect that will help you get the results you are looking for.

Are you listening?  Are you committed to selling your property?

The Melges Team has a standard process they go through when listing your Lake Geneva property for sale.  Their proven system itself with sellers on numerous occasions.  In the current market we are experiencing being aggressive and reacting quickly are the two biggest things you can do to get your property sold.

If you are tired of sitting on the market and getting no showings, or hearing the same feedback again and again maybe it’s time to get down to brass tacks.  Let’s have a discussion about the facts.  Let’s formulate a plan together to get your Lake Geneva home sold.  Contact the Melges Team at (262) 745-3738.  Text for immediate response and see how you can get your Lake Geneva propety sold sooner!

abbey springs for sale

If you know somebody that wants to get their Lake Geneva property sold, please share this article with them so they can see the results they are looking for sooner!

Home Decorating Secrets from the Pros

When you purchase a new home, you can’t wait to move in and have everything looking just perfect!

Paper Dolls Lake Geneva WI

Find This Room & More at Paper Dolls, Lake Geneva WI

Likely, you’ll close, then have movers bring your boxes and belongings and the task of unpacking, decorating and getting settled begins.  If we had a magic wand to make the perfect, dreamy home happen in a flash and avoid that whole packing/unpacking activity that would be great… but we don’t.

I read an article over the weekend in the Chicago Tribune that provided some really helpful insight into getting your home looking like that designer home you originally toured.  Here’s a few tips professional home stager and model home designer Katie Schafer of Chicago-based Dressed to Sell shared:

  • Pay attention to scale - over-sized furniture makes a small room feel even smaller.
  • Remove clutter - if you don’t LOVE it, store it or tuck it out of sight!
  • Use color & texture - Skip the white walls, bring in warmth with color & textures.

When we meet with somebody that is looking to sell their home, one of the things we discuss is how to best stage their home to showcase the best features of their property.  We take into account all of these tips that Katie Schafer discussed and more.  If the view is great, we maximize the staging & decor to draw attention to the windows with the view.  If there is a gorgeous fireplace, a beautiful piece of art in the perfect spot attracts the buyers eyes and makes the fireplace the focal point.

Making a house into a home involves more than just a welcome mat by the front door.  With an artistic eye as well as a pulse on what buyers are looking for, decorating your home like a professional designer will go a long way.  You’ll feel like you’re on vacation in your home while you live there and buyers will see the value in your home from the minute they walk through your front door.

We’d love to help you get your home sold, starting with the first step – creating a welcome atmosphere.  To set up a personal appointment so we can help you get your Lake Geneva home listed for sale contact us at (262) 745-3738.  We look forward to helping you showcase your home like the beautiful estate you’ve enjoyed all these years.

Paper Dolls in Lake Geneva Wisconsin

The team at Paper Dolls have a great eye for adding just the right touches to make your new house a home.

As Lake Geneva Realtors, Michalene and Hans Melges share their in-depth knowledge and experience around Geneva Lake with their clients and customers. Listening to what your goals are, they will help you formulate a specific marketing plan to get your home sold. When you work with the Melges Team, it’s more than just another real estate transaction, they work to build your trust and confidence as your trusted real estate advisor for life. Contact the Melges Team at (262) 745-3738 for real estate advice and to help your family make the best decision for your move!


The Inside Scoop on the Lake Geneva Real Estate Lakefront Market

lake geneva lakefront homes for sale

In Escrow Pier 675B with Canopied Slip

The Lake Geneva lakefront real estate market has been holding steady for the last number of months.

With the election dust settled and the results in the open, several changes will be going into effect in our country starting January 1, 2013.  One of those changes is the start of Obamacare, which is in part being financed by a 3.8% tax.  We’ve received several questions about the 3.8% tax since we wrote our blog post about it.

Understand that this tax WILL NOT be imposed on all real estate transactions, a common misconception. Rather, when the legislation becomes effective in 2013, it may impose a 3.8% tax on some (but not all) income from interest, dividends, rents (less expenses) and capital gains (less capital losses). The tax will fall only on individuals with an adjusted gross income (AGI) above $200,000 and couples filing a joint return with more than $250,000 AGI. Info Via: www.realtor.org

Many of our lakefront clients have concerns regarding the 3.8% tax.  In particular, those that are planning on selling and have significant equity in their property.  Here’s a snapshot of the current Lake Geneva Real Estate Lakefront Market:

  • Currently there are 46 lakefront properties for sale.
  • There are 4 homes in escrow, 3 of those are on $1.5M listings.
  • Listing prices range from $999,999 to $11M.
  • YTD 21 lakefront homes have sold.
  • Sold Prices ranged from $950K to $7.1M – the highest sale price on the lake in years.

If you and your family have been considering selling your lakefront home and have questions about the current market, we’d be happy to discuss more market details with you.  Putting your home on the market for sale is a big decision, and needs to be listed correctly from the very beginning to gain maximum exposure online and offline.  Ask us about our proven system to get your home sold.  One thing that our clients continually thank us for is going the extra mile to make sure all the details from pre-listing to post-closing are tended too leaving the only task for the homeowner to be moving!

Time is running out to get your home sold prior to the 3.8% tax going into effect.  If you have substantial equity, call us to help you preserve your equity in your home sale today. (262) 745-3738  You can also text for immediate response!

South Shore Club Lake Geneva WI

South Shore Club Lot #4 – Sold By Hans & Michalene Melges – Keefe Real Estate

Hans and Michalene Melges work with Keefe Real Estate in Lake Geneva WI. They work as a team helping buyers and sellers every step through the home selling or purchasing process. Their attention to detail as well as their market knowledge will help make this experience simpler and easier to complete. If you are looking for help buying or selling your Lake Geneva property, feel free to contact Hans or Michalene Melges – call or text (262) 745-3738.