Market Conditions in 53406>Question Details

Marci, Home Buyer in 53405

We would like to purchase a home around $180000. What is the price range we should look between?

Asked by Marci, 53405 Sat May 1, 2010

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Mini Samuel’s answer
Marci, just answering the same question here again... Meet with a reputable lender who will guide you in this process. Again, if you need names of lenders, I can help you out. I do work in the Racine, Kenosha Market as well. Please email me back with any further questions.. Hope to hear from you soon!
0 votes Thank Flag Link Sat May 1, 2010
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It depends, in large part, on market conditions. It also depends on the motivation of the seller. Realistically, in most cases, I'd say look at everything below $225,000. Don't set a bottom limit on it. If you set it at, say, $170,000, you might miss a really great deal at $155,000.

So at least start off and see what's available at maybe $225,000 and below that meets your criteria--location, number of bedrooms, number of baths, age, style, etc. Then take a look at what $225,000 (list) will buy you. Then take a look at what maybe $200,000 will buy you, and $180,000, and $160,000. That'll help you narrow down the price range.

Realistically, not too many homes listed at $225,000 will come down to $180,000. But some will. And you may find something at, say, $219,000 that can be negotiated down to $189,000 that you'd be happy with.

So--start out fairly broadly. Then narrow it down.

Your Realtor can give you more information and more strategies.

Hope that helps.
0 votes Thank Flag Link Sat May 1, 2010
Don Tepper, Real Estate Pro in Fairfax, VA
MVP'08
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