Property Q&A in Brookfield>Question Details

Cyb, Home Buyer in 53005

I would like to know if this property priced well? since there are no recent comparable home sales in area?

Asked by Cyb, 53005 Wed May 20, 2009

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Hi Cyb,

It must be priced OK since someone has made an offer on it and got it accepted.

In the future, you should consider the services of a buyers agent. It is their job to interpret the market for you and give opinions as to pricing etc. This is generally free of charge to you but does require a contract.

If you are working with the agent who has a listing or working with an agent without a buyers agency contract that agent is working for the seller and is under no obligation to do any more than provide comparable properties (that will most likely favor the property you are interested in) and leave it to you to interpret the numbers.

Hiring a buyers agent can save you a lot of time and money.

Good luck to you!

Jeff Gramins
First Weber Group
Web Reference:
1 vote Thank Flag Link Wed May 20, 2009
You have received alot of very good information from some fellow Realtors. As I tell my Sellers- the value of your home is in the eyes of the Buyers. They determine what the "market value" is on every property. A home is worth what someone is willing to pay for it.
Therefore, to make sure that you are able to weigh all your options and have access to all the facts- you would be wise to work with a Buyer's Agent. Not all agents charge a "fee" for Buyer Agency representation.
I have never charged a fee, and don't plan to. I work for FREE until I am successful in getting my clients to closing on the home that they have determined best fits their needs. I am paid through the listing broker - not by my Buyers.

There are many qualified Realtors here to help you. Take the time to talk with them.

All the Best to you!
Web Reference:
0 votes Thank Flag Link Thu May 21, 2009
I just had to play with some new technology!

Here are First Weber listings for under $300,000 in Brookfield.

It takes time to load, be patient.
Web Reference:
0 votes Thank Flag Link Thu May 21, 2009
To answer the first part of your second question there is really no numeric formula to quantify a "good deal". Some homes may be priced under what others like it are selling for to get a quick sale. Some are on the money while others can be very high.

The advice I like to give is to imagine having the house in one hand and the list price in cash in the other. Which one weighs more? By how much? You see, it's sellers with homes and buyers with money that determine the true value of anything. A buyers agent will provide guidance in what to offer and then apply their negotiation skills to get you as close to what you want to pay as possible. Some houses are price very well, but that does not mean you can't offer less to get an even better price. Find an agent who is well-versed in the area where you are looking. They will know the neighborhoods, the schools, and price ranges. Many times they have already been through the houses in the area and can save you some time by pointing out the exceptional values. It helps to find someone who grew up where you are looking (shameless plug!).

For your second question what agents charge are as individual as the agents themselves. We all get paid by the seller with the permission of the buyer for whom we are working. My personal policy is that I don't take money out of my buyers' pockets, they're already making the biggest purchases of their lives.

To find an agent you can call various offices in the area you want to buy and talk to the one who picks up the phone, you can interview agents at open houses, get referrals from friends and family or take a look right here on Trulia - you have three (well, 4 - Sally and David) great agents answering your questions!

I wish you luck!

Jeff Gramins
First Weber, Brookfield
Web Reference:
0 votes Thank Flag Link Thu May 21, 2009
You shouldn't have to pay up front for real estate services. Agents are paid when they negotiate a good deal for you and get you to closing. I would interview 3 agents and see which one you feel most comfortable with. Not all agents the same. You want somebody full time with experience. Also you must be able to get a hold of your agent. Have a good day Good luck

Brad Koenig, ABR, CRS, GRI, E-PRO and Kati Hatfield Client Care Manager
Your Local Home Team, LLC-First Weber Realtors Search for homes in the area!
262-719-7393 Office/Cell
262-364-3404 Direct Fax
Proudly Serving Southcentral Wisconsin with Referrals from our Clients
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0 votes Thank Flag Link Thu May 21, 2009
Whoooops...forgot...Do NOT pay any agent for a buyer agency....sometimes the best things in life ARE free and that should be one of them !
0 votes Thank Flag Link Thu May 21, 2009
The house has an offer....that means just that it priced fairly...every house is not just worth what someone will pay for or more importantly...what it will appraise for based upon the past sold homes (not listed homes) in the market. A buyer's agent who has taken the education...and more importantly has successful experience as a buyer''s agent can help you know the prices for a community or an individual neighbhorhood. The agent will be loyal to you and you to them...Having a "getting to know you" meeting with an agency will help you decide if the agent is the right person to represent you based upon their knowledge and experience. The market has picked up....prices are sharp....selection is still good and interest rates are outstanding !'s a great time to buy...!
0 votes Thank Flag Link Wed May 20, 2009
thankyou for providing your input. So this means if this home sells for around 10k below the asking price it is well worth it??

We were actually asked for a fee of $500 for doing buyer's agency by one of the agents from Remax. Is this a fair practice?
0 votes Thank Flag Link Wed May 20, 2009
I agree with Jeff. Keep in mind not all properties are listed on trulia. For a complete list of homes in the area go to

Brad Koenig
First Weber
0 votes Thank Flag Link Wed May 20, 2009
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