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Home Buying in Brookfield : Real Estate Advice

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  • Home Buying20
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Activity 29
Mon Nov 23, 2015
Ssndavis48 answered:
Mon Jun 30, 2014
Alan May answered:
Your agent will have access to the MLS, and they can tell you exactly how long the property has been listed, and whether it's been cloned (relisted) from before.
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Sat May 31, 2014
Michelle Yoo answered:
For anyone else reading this thread/argument: Trulia has some limitations, but my clients have used the site with great effectiveness. The main issue we've encountered is that it is simply not up to date compared to the MLS. But otherwise, I've never heard of any serious complaints. ... more
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Sat May 31, 2014
Michelle Yoo answered:
As a rental property owner, I've had to deal with 5 day notices as well. It isn't necessarily a death knell. Many times, all that is needed is for the tenant to pay the rent up to current. I hope this helps. ... more
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Tue Feb 4, 2014
Jeff Moglia answered:
Melissa, The term "bump clause" generally refers to an offer that has a contingency which may allow a secondary offer to Bump the first offer out and place a secondary offer into a primary position. The most common contingency would be a home sale contingency. If the secondary offer does not have the same contingency, it's possible that the seller would serve notice to the primary offer that a secondary offer has been accepted. If the primary offer does not remove that contingency within the time frame permitted in the primary offer, the secondary offer would be moved into the primary position. ... more
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Sun Jan 19, 2014
Cindy Antonia answered:
Include that contingency in the offer. When you are buying with cash, you will have to hire your own appraiser - if you have other questions or concerns, I'd be happy to help - Good luck on your home buying ... more
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Sat Jun 1, 2013
Cats answered:
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Mon Mar 4, 2013
Yehuda Elmakias answered:
Thu Jul 5, 2012
Eric D Lenz answered:
Assessed value is the assessors opinion of the value of the property on January 1 of this year. It is based on sales information from last year. Therefore, it is not current. Also, it is very general. The assessor probably has not been inside the house lately, if ever. Therefore, there is no reliable relationship between market and assessed value when values are changing rapidly. ... more
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Mon Jul 4, 2011
Christina Moscinski answered:
These old questions should be deleted people!
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Wed Apr 20, 2011
Dave Vargo answered:
Hello Freemoney....

Thanks for your inquiry. As has been indicated by the responses of my fellow realtors, You will have the opportunity to find a comparable home to yours in our area. In our area you are likely looking at a price range of $200,000-$350,000 depending on what community you choose. The average values coming in around $225-250K. Property Taxes will range around $3500-$4500 depending again on the community. Not sure where you live in Utah but I think our Property Taxes are higher here. ... more
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Wed Apr 20, 2011
Dave Vargo answered:
Hi Kris....

Kudos to my fellow realtors that have responded to your questions so thoroughly and quickly.

There will be homes for you in the price range you are looking for and with a minimum 3/4 bedroom, 2 baths and a 2 car garage. I happen to have a Great Ranch home listed at 2965 N. 124th Street in Brookfield for an investment of $195,000. The Multiple Listing # is 1188413. Nothing to do with this home other than move in. Elmbrook Schools as well. My office is located in Brookfield and we are very active in Listing Many Properties in Brookfield.

Also Alabama is a great state. My parents live in Lillian,Al that is just on the other side of the bridge from Pensacola,FL.
... more
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Thu Jan 20, 2011
Kevin Brisky answered:
Kip,

I'd agree with Bill. There will always be volatility in the market, but you just have to select the right home, in the best location at the right price at the time of the purchase. ... more
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Tue Aug 31, 2010
Joseph Hastings answered:
Hi Kip. There is a term called "puffing." It is indeed a form of hype, no question. The obvious referral is that the place is in immaculate condition with a killer Kitchen.

You've probably noticed listings that say, "...sundrenched..." and my favorite, ..."triple mint." I mean, what does that mean exactly? Again, the referral is to a property in pristine condition with every amenity one could ever want.

The true sale potential of any property is as it always has been, the location, quality and price of the property.

No hidden context or lexicon here. You can decipher the jargon by using plain old common sense.
... more
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Mon Jul 26, 2010
Kip answered:
I'm still amazed that no Brookfield WI realtor has chimed in on this issue. As I've stated in the past, whenever I posted to Trulia, local realtors chimed in. For some reason, none has done so on this issue. Must be a problem. Also, another strange thing happened that's inexplicable: some of my posting were mysteriously deleted. Hmm? ... more
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Sun Jul 25, 2010
Kip answered:
Virtually every posting I made in the past in this forum resulted in at least two responses from local realtors. It's just odd that none have chimed in on this question yet.
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Sun Jun 27, 2010
Beth Jaworski answered:
Short answer is that it depends. Depends on your definition of a "good investment" and what you are comparing it to. Also depends on if you are looking at ranch style condos or townhouse style. Also depends on the condo complex itself - is it well run, is there enough money in reserve, how restrictive are the rules, etc. If you would like more information, please contact me directly and I will be happy to compare appreciation rates between communities and/or specific complexes that you are interested in. ... more
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Thu Jun 24, 2010
David Belman answered:
Location is one of the most important factors in choosing where to live so that is a big plus for the condo right there. Some condos are doing well in this market and others are faltering. I have actually sold more condominiums this year than single family, usually it is the other way around.

If buying a condo you have to look at how many units are available in the development vs. how many are sold. If there are only a few units available financing should not be a problem. Ultimately the decision should come down to where you are at in life. If you want more time and less responsibility a condo may be for you. If you are still hand on and like to take care of things yourself then perhaps a single family is best for you. I build and sell both homes and condos and have been on both sides of the coin. Here are some benefits of both condos and homes that you can use to help in evaluating your decision.

Advantages For Condo:
•Largest Segment of the population is baby boomers and second largest is people aged 45-55. All highly likely to purchase condos down the line. There should be a healthy pool of buyers when you re-sell.
•Less work & more free time. The association would take care of all exterior maintenance. Grass cutting, snow plowing, shoveling painting are all handled by the association.
•More freedom. It is much easier to leave for extended periods of time because the association handles the exterior. Plus with an adjacent unit owner (as long as you trust them) they can keep an eye on your place.
•Most condominiums have more site amenities such as a community building, gazebo, trails, tennis courts, putting greens, pools, or other facilities which are nice value added facilities.
•Condos cost less. Condos have higher density than single family which lowers your land base cost plus It is much more cost efficient to build 2, 4, or more units in one building.

Advantages for Single Family:
•More control. It's your home, you can take care of the yard how you see fit, paint the home any color (as long as it is not deed restricted)
•More privacy. You don't have an adjacent unit in your building.
•No monthly dues for maintenance. You can do the yard work yourself or hire it out. Same with exterior maintenance.

Good luck with your decision.
... more
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