Home Selling in Milwaukee County : Advice

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BG, Home Buyer in Phoenix, AZ
BG answered:
can you do a short sale if the property is paid in full?
sure .. if you want to give away your money ... not sure what you meant by "short sale" here !
0 votes Share Flag Tue May 22, 2012 Home Selling in Milwaukee
Tim Moore, Real Estate Pro in Nags Head, NC
Tim Moore answered:
What is the average turnaround time for purchasing , renovating and reselling a foreclosed home on the market?
I assume you mean foreclosed homes or Bank Owned homes. Those don't take all that long once the price has been agreed to. They are not like short sales, but are more like a home yo ... more
0 votes Share Flag Tue Mar 29, 2011 Home Selling in Milwaukee County
Colleen, Real Estate Pro in Milwaukee County, WI
Colleen answered:
what is the average turnaround time for purchasing , renovating and reselling a foreclosed home?
Hi Charmaine,

The answer to your questions is.... (drum roll) - it depends. I myself buy and renovate foreclosures, and I have been able to close on a home in as little as 3-4 weeks ... more
0 votes Share Flag Tue Mar 29, 2011 Home Selling in Milwaukee County
Karen A Block, Real Estate Pro in Milwaukee, WI
Karen A Block answered:
I soled my house. How long after I have to invest monies of sale into another property to avoid taxes on monies?
It's my understanding that you have 2 years if it was your primary residence. You may want to check with a tax person for verification.
0 votes Share Flag Mon Mar 21, 2011 Home Selling in Milwaukee
Linda S. Cef…, Real Estate Pro in Franklin, WI
Linda S. Cefalu answered:
I want to express the importance of getting rid of clutter and the great photos to show online.
Great point Bernadette and I completely agree. The only problem is when you get a home that does not have much natural light regardless of how the sun is shining. Those become a real ... more
0 votes Share Flag Sun Feb 20, 2011 Home Selling in Milwaukee
Laurie Ansor…, Real Estate Pro in Menomonee Falls, WI
Laurie Ansorge-vz answered:
Can anyone recommend a good property management company for those of us having trouble selling and might consider renting out to help cover their?
Yes! I can recommend a great management company. Please call me at 414-732-7321. Or...depending on the rent amount, I have a possible renter for you!
Laurie - First Weber Group Realtor ... more
0 votes Share Flag Mon Jun 14, 2010 Home Selling in Wauwatosa
Eric D. Lenz, Real Estate Pro in Wisconsin
Eric D. Lenz answered:
Best advice for selling a house and buying another? Do people take out two mortgages? Is it best to sell first?
It is best if you CAN sell first as far as cost and smooth transactions. You can certainly negotiate better when you are buying if you don't have to sell a property first. Getting ... more
0 votes Share Flag Wed Jun 2, 2010 Home Selling in 53154
Jeff Gramins, Real Estate Pro in 53188
Jeff Gramins answered:
We currently own a bungalow style home in Wauwatosa, WI. I bought the house with an 'in-law' style apartment upstairs. We are considering
The master suite is a better choice by far. In-law quarters really don't do much for the value of a home.
0 votes Share Flag Thu Apr 8, 2010 Home Selling in Wauwatosa
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
The vendor of a land contract assigned it to me for $150,000. How will the deed be transferred to the buyer?
You may wish to consult with an attorney specializing in real estate for all related paperwork.
0 votes Share Flag Fri Mar 5, 2010 Home Selling in Milwaukee County
Kathy Weber…, Real Estate Pro in Temecula, CA
Kathy Weber (951) 551-7587 answered:
Can FHA appraiser add new items to the list of required repairs when they return to confirm completion of repairs from first FHA appraisal inspection?
Patricia,

I would definitely listen to your agent.

The guidelines for FHA are very strict and some appraiser's are more stringent with those rules than other's.

When ... more
0 votes Share Flag Mon Jan 4, 2010 Home Selling in Wauwatosa
Eric D. Lenz, Real Estate Pro in Wisconsin
Eric D. Lenz answered:
My husband and I accepted an offer on our home this week & we also have an accepted offer of our own on a property that's contingent on ours
Your Realtor should answer this question. If you are not comfortable with the answer you get from your Realtor, consult an attorney for advice.
0 votes Share Flag Wed Sep 8, 2010 Home Selling in 53221
Peter Skanav…, Real Estate Pro in Wauwatosa, WI
Peter Skanavis answered:
Is the market picking up in Milwaukee Wisconsin?
Things are slightly better than last year but price is not. Prices are lower between 5-15+% since last year depending on location. Inventory is improving but lending and appraisals are ... more
0 votes Share Flag Thu Jul 23, 2009 Home Selling in Milwaukee
Jacqueline H…, Real Estate Pro in Mendham, NJ
Jacqueline Haynes answered:
I have a dilemna. I have a mortage on my home that exceeds its current market value. I want to sell the
Speak to a local agent to get an idea what your home is worth. It sounds like it would be worthwhile finding an agent with experience in Short Sales - ie: selling home for less than mo ... more
0 votes Share Flag Mon Jun 29, 2009 Home Selling in Milwaukee
Betsy and Ken…, Real Estate Pro in 53217
Betsy and Ken Head answered:
Relocating to Milwaukee WI? Great Rental or Townhouse opportunity available in Bayview WI
Hi Michael, do you have the property listied with a broker now? It sounds nice.

Ken
0 votes Share Flag Mon Jun 8, 2009 Home Selling in Milwaukee
David Eyrise, Real Estate Pro in Brookfield, WI
David Eyrise answered:
Is there such a thing as closing insurance and if so, where can I purchase it?
Hi Amy, Instead of insurance we have earnest money collected. In case of a breach of contract Seller has a right to that money but not if a buyer backs out of a contract legally (by co ... more
0 votes Share Flag Fri Jul 1, 2011 Home Selling in Milwaukee
Juanita Thom…, Real Estate Pro in 29150
Juanita Thompson answered:
Our house has some serious basement issues, and excavation and steel beams are necessary to correct. We have
The market being what it is, the more you can get done towards making the house move-in ready, the better off you'll be. I'd recommend getting the work done and then listing, if you ca ... more
0 votes Share Flag Wed May 20, 2009 Home Selling in Milwaukee County
Erica Laughl…, Real Estate Pro in Madison, WI
Erica Laughlin answered:
I have a home I'm selling in Wauwatosa Wisconsin for $220,000.00. What is the lowest commission rate leagly?
Tom, commission rates are set by the real estate firms who charge them, and there is no legal minimum in the state of Wisconsin. Legally, an agent could represent you for free. Howeve ... more
0 votes Share Flag Thu Apr 23, 2009 Home Selling in Wauwatosa
David Ray, Real Estate Pro in 53202
David Ray answered:
I am looking to sell one of my 2 duplexes over the next year. I need to keep rental income coming in so I
Sarah, I appreciate your situation. I have worked with many sellers who have faced a similar situation. Quite frankly, there is no easy answer. Generally, tenants would prefer not ha ... more
0 votes Share Flag Wed Dec 3, 2008 Home Selling in Milwaukee, WI
Shar Rundio, Real Estate Pro in Mesa, AZ
Shar Rundio answered:
Who pays for the title company costs, the seller or the seller's realtor?
Susie, typically the seller pays for their title and escrow costs. It does not come out of the Realtor's commission. Both the buyer and seller will have their own customary closing co ... more
0 votes Share Flag Thu Aug 14, 2008 Home Selling in Milwaukee, WI
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