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Greater Milwaukee Homes  


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Welcome to Greater Milwaukee Homes!

 To view all my ACTIVE LISTINGS and/or to

SCHEDULE A SHOWING, please click on this link ...


Derse A. Smith



We all know that buying or selling home can be   a complex undertaking. Hiring a real estate professional will help save you time and money.

By partnering with an agent, the process of buying or selling your home can be facilitated by taking advantage of cutting edge technology, outstanding marketing products and professional services.  The first step is to help assess you situation and then determine your needs and desires.

In other words...

What is your motivation for buying or selling?

Perhaps you are transferring for employment purposes.  Maybe you would like to step up to a larger home.  Possibly you are interested in investment properties. 

Whatever the reason, a licensed professional real estate agent will guide you through the process in a timely and professional manner and will provide you with services which might otherwise not be accessible to you.



Please feel free to browse around the Greater Milwaukee Homes website.  And, don't forget to click the "Your Personal Agent" button on the menu bar to learn more about Derse Smith... the real estate professional to make your next transaction a stress-free and satisfying experience!







Let us help you find out what you can afford! Our mortgage calculator will help you determine loan amounts, mortgage qualification, or whether you should be renting or buying.


Complete the fields below (e.g., Cost of Home, Down Payment, Monthly Income) and click Calculate Now. To view the different results of your calculation, click on the various tabs. To mail yourself a copy of your results, click the Receive this Detailed Analysis link.

Required Fields
Term In Years:     
Interest Rate:      %
Cost of Home:  $
Down Payment:  $  
Annual Insurance:  $  
Estimate Insurance to 0.43%of Cost
Annual Property Tax:  $  
Estimate Tax to 1.2% of Cost
Monthly Income:  $
Monthly Debt:  $
Optional Fields
Gross Debt Service Ratio (GDS):     
Total Debt Service Ratio (TDS):     
Condos Fees:  $
  Receive this Detailed Analysis

Your Monthly Payments
Loan Amount:
Loan Insurance (%):
Total Loan (Mortgage) Amount:
Principal & Interest:
Homeowners Insurance:
Property Taxes:
Condo Fees:
Monthly Loan Insurance (%):
Total Monthly Payment:
Income Needed to Qualify for the Mortgage
Total Monthly Loan Payment:
Total Monthly Debt Payment:
Monthly Loan Insurance (%):
Qualifying Income of % GDS Ratio:
Qualifying Income of % TDS Ratio:
What You Can Afford
We are using the % ratio.
Cost of House:
Down Payment:
Loan Value:
Monthly Principal & Interest:
Monthly Insurance:
Monthly Property Tax:
Monthly Condo Fees:
Cost of House = [(Monthly income x Debt Ratio) – monthly tax – monthly insurance – condo fee] /
(monthly interest rate/ function of interest rate)
Monthly Rent: $
Annual Rental Increases:  %
Monthly Renter Insurance: $
Savings or Investment Rate:  %
Planned # of years in home: 
Yearly appreciation of the home:  %
Annual home maintenance:  %

Contact Derse

North Shore Office
Milwaukee, Wisconsin
414-962-3000/FAX 414-962-3990

Derse's Personal Blog "Relocation Trends"


Thursday, April 2, 2009

Spring's a-poppin' in Milwaukee real estate sales and relocation ...


(Do you hear me, news media?)

by Derse A. Smith, Relocation Specialist

The market is indeed picking up in Milwaukee. One can't help but notice the yard signs popping up throughout our North Shore communities. While it's an annual site here, what's important this year, is recent growth in the number of postings on our office "Accepted Offers" board.

I have spent the last week gearing up for 50 home showings with a transferee and his wife on Saturday and Sunday. Currently, I'm working with 6 (count 'em, S-I-X) different out-of-towners. They are coming from various parts of the country ... some with homes to sell, some already closed or soon-to-close.

Their "outbound" states/cities include Pennsylvania, Indiana, Ohio, Illinois, Madison (2). Several have been offered relo packages as a "lump sum", others are still being offered home "buyouts". So, in my opinion, anyone who believes that relocation is suffering isn't talking to the right "relocation specialist" agents!

I'm also in midst of the counter-offer process with one client ... had a closing in February, have one scheduled for April 30 and just double-popped a home within one week of listing it. The February closing and the upcoming April closing are both first-time buyers ... one of whom is able to take advantage of the restructured $8,000 First-Time Buyer Tax Credit for 2009.

The business is definitely out there for agents. But unlike years in the not-so-distant past, it doesn't just drop in one's lap any more. It takes work. Hard work!

I continually have my friends and kids "working" for me. As a result, my son proudly tells me every time he hands out one of my business cards to a customer at his restaurant (Rustico Pizzeria & Enoteca) in the Third Ward.

The parents of my daughter's dear friend are now about to list a home and begin a condo search with me. She, too, keeps my cards at her popular East Town restaurant (Louise's Trattoria) and has recently introduced me to two prospect transferees who soon will begin house-hunting. The sellers of my April closing were also introduced to me by her. Parents, are you talking to your kids?

As is pretty evident here, in turn, I constantly promote my children's restaurants to my own friends, clients and business associates.

I also make sure that the kids are stocked with Festival & Packer schedules each spring and summer. These are a popular and requested handout. My favorite local businesses and hangouts are supplied as well.

I truly do "work" all my relationships ... family, business, personal, social networks ... to obtain ongoing referrals. And, I don't hesitate to ask for recommendations. Visitors to my websites www.GreaterMilwaukeeHomes.com/ & www.DerseSmith.com/ and to my LinkedIn profile page www.linkedin.com/in/RelocationExpert
will see comments from past and present clients and associates. Those testimonials speak volumes in the super-competitive world of real estate referrals.

Finally, I honestly believe that positive news (and attitudes) breeds positive results. I am beginning to feel the "spring" coming back to my walk. Hear me roar!




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