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78751 : Real Estate Advice

  • All18
  • Local Info0
  • Home Buying5
  • Home Selling0
  • Market Conditions1

Activity 12
Fri Jan 29, 2016
rosa morrow answered:
How much is your apt?? I am not a realtor.
0 votes 3 answers Share Flag
Wed Mar 27, 2013
Dan Burstain answered:
Hi Jen,

If you could email me your email address to, I will send you pictures and pricing of all the apartments that meet your criteria. No obligation and my services are free of charge.

Dan Burstain, Realtor
JB Goodwin Realtors
... more
0 votes 4 answers Share Flag
Sun Mar 17, 2013
Bryan Treat answered:

Have you recently posted on the Hyde Park yahoo group? I emailed with a Michelle from there as well. My wife and I are both realtors and our kids go to Lee Elem. We have two properties that we own and rent out but both are occupied until June. Is that too long to wait?

Otherwise I can endeavor to search the MLS for you as well. Let me know!

Bryan Treat
... more
0 votes 17 answers Share Flag
Thu Dec 8, 2011
Betina Foreman answered:
Dear Sudha,
I just wanted to check in and see if you found the right place to rent. Hyde Park is a great neighborhood and close to everything. There are many homes and even a few condos and townhomes to choose from. If your still looking take a peek at this link with some homes for lease in the area:

There are 14 homes for sale and they are priced from $269K to a beautiful multi-million dollar estate called Inshallah in the Hyde Park area. Should any of them appeal to you I would be happy to assist you.

... more
0 votes 13 answers Share Flag
Mon Apr 4, 2011
Justin Ruzicka answered:
what are you goals for remodel? What are your goals as an investment? Too little info to clearly provide the best answer for you, as seen in numbers that differ by 50%...

ps. here is a blog i wrote you getting high returns on investments.
... more
0 votes 6 answers Share Flag
Thu Mar 24, 2011
Stephen McClain answered:
Good day to you. Rule 1: You cannot build as inexpensively as you can purchase an existing space. Rule 2: If existing inventory offers investment opportunity at or below market value it does not make good business sense to build. Rule 3: If current inventory within the marketplace does not offer you exactly what you want and where you want it, then throw Rules 1 & 2 out and set a strategy for achieving your goal knowing this alterantive will cost you more. The trade off is you can have exactly what you want and where you want it reasonbly speaking. This is what we refer to as an "opportunity cost"- the cost paid to have what you want when there were/are other solutions.
Your actual costs to build is subjective based on location, design and finish out, timing, the economy, the builder/contractor and several other variables. Based on your description figure $65-85 per sq. ft. land excluded.

By your reference to "BUILDING ON" did you mean a re-model or addition to an existing space or building on a vacant site? Those are two different situations altogether as well and will have two different cost structures. Rule 4: No matter how perfect the building situation or experience and even under the most perfect conditions, building a custom home is still a pain in the rear. The reality- no building experience or project is perfect.

I would be happy to further discuss your situation with you. This is what we do every day at Cornerstone. Feel free to contact me if you want to bounce some ideas around and discuss your thoughts/strategy.

Stephen B. McClain, Broker Owner
Cornerstone New Home Solutions
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0 votes 9 answers Share Flag
Wed Mar 23, 2011
Jack Armstrong answered:
what do you mean by 'good'?
depends on the condo, but generally hoa fees eat up your cash-flow and they don't appreciate as well as other property options..
A rule of thumb a wealthy investor friend of mine uses is a 10% capitalization rate: NOI / 10% gives your value. I'm not that conservative - but it's a good place to start. Call me and we can chat about it. ... more
0 votes 11 answers Share Flag
Fri Dec 31, 2010
Betina Foreman answered:
Dear HP,
Did you find the answer you were looking for or are you still searching? Hyde Park is usually considered more desireable than UT area as it is not as congested with 100% students. Values have held pertty steady over the last 20 years. If I can help just let me know. Have a safe and happy holiday!
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0 votes 8 answers Share Flag
Tue Sep 22, 2009
Betina Foreman answered:
Cutting corners in construction is never a good idea. what you don't pay for now will cost you double later. I would be very leary of buying the cheapest . Would you go to the cheapest heart surgeon?? Good Luck! ... more
0 votes 7 answers Share Flag
Thu Jul 9, 2009
DT asked:
As purchased the unit (1 bed / 1 bath) had two window units, neither of which had the option to provide heat. There was a gas fan-blown "fireplace" that could provide heat, but according…
0 votes 0 Answers Share Flag
Wed Apr 8, 2009
Betina Foreman answered:
Dear DT,
If you are using a General Contractor to oversee the construction process, they should be the ones working with the city to obtain your permits. I would discuss the entire process with them before you start the process. I would also make sure your payments are split up for example 1/3 down before starting, 1/3 at the halfway mark, and 1/3 at job conclusion. I would also make sure your contract with them has a completion date, AND I would have a financial penalty for every day they go over the finish date. This will encourage them to make a real effort to finish on time. Always do a walk through at the end with the general contractor and compile a punch-list of items that need to be corrected before the job is done, to make sure you are satisfied with the work. Good luck!
... more
1 vote 6 answers Share Flag
Sat Aug 2, 2008
Betina Foreman answered:
Dear Mk Haik,
You have selected a wonderful neighborhood to buy in. I lived here for about eight years before I got married. I used to be the neighborhood distributor of the Hyde Park Newsletter. This is close in and a friendly walkable neighborhood.

You should speak with a local realtor to get comparable properties pricing. Ask them for a CMA and it will show what has sold recently in the neighborhood that is similar to your subject property. It should have a breakdown showing the price per square foot, list price, and actual sold price as well as the number of days it was listed for sale. This should give you a clear picture of the actual value of the home in question. Just make sure the comps are very close in proxemity to the home and of similar size, age and condition.

I wish you the best of luck and call me if I can be of service!
... more
0 votes 7 answers Share Flag
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