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Edison Park : Real Estate Advice

  • All15
  • Local Info0
  • Home Buying5
  • Home Selling0
  • Market Conditions3

Activity 13
Mon Jun 29, 2015
Alicia O'Toole answered:
Hi Anne,

I work in the area and would love to assist you if you are not already working with an agent. My services are free to buyers. It looks like 3 properties have come on the market in that area in the last 4 days, two just yesterday. Trulia and Zillow have a few days of delay so the best way to get up-to-date listings is through an agent and the MLS when paired with your current internet searches! Please let me know if you would like more information and we can discuss exactly what you are looking for.


Alicia O'Toole
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0 votes 2 answers Share Flag
Wed Jan 21, 2015
Matt Laricy answered:
Get a good leasing agent. Its free to use their services.
0 votes 2 answers Share Flag
Wed Nov 5, 2014
Mark Zatz answered:
What date will you be looking to start the lease? I will have a 3 bedroom coming up for rent near Elston and Austin for January 1, 2015. Not sure if that fits your time frame or not.
0 votes 6 answers Share Flag
Wed Jan 15, 2014
Cathy.vala answered:

Jedynak Hardy

Raymond Hardy
4400 Sprindwind Rd
Memphis TN 38115

I FELL FOR THIS SCAM! Wired $ and now trying to figure out how to get it back!!!!!!!!!! ... more
0 votes 12 answers Share Flag
Sun Jul 15, 2012
Rich Homer answered:
Find a Realtor right away in your proposed zip code. You can search "Find a Pro" in the header of this website. From your friends at
0 votes 7 answers Share Flag
Fri Jul 13, 2012
dan venske answered:
There are several for sale at that address, this one, the assessments are $ 350 per month, asking price is $ 159,900
0 votes 3 answers Share Flag
Fri Sep 30, 2011
Emily Erekuff answered:
Hi Nancy,

Unfortunately these types of scams are common on many rental websites - and yes, this does sound like a scam.

Please access the link below to read our PSA about rental scams to be sure that you can spot the red flags in the future. And if you do suspect that a listing on our site is a scam, please use the 'Report error' button on the property page to alert our team about it.

Thank you,

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0 votes 19 answers Share Flag
Fri Jan 21, 2011
Accurate Inspections & Consulting answered:
I always get a bit nervous when someone asks if buying X is a good investment. Looking at a home purchase from a good investment perspective is one of the things that got a lot of people into trouble. Obviously no one wants to buy something overpriced or that will be a headache. You may want to ask yourself, 'Do I really want to live here, do I want to make this my home?' If you can't easily say Yes, then a future buyer probably won't either. So much for the good investment.
Ed Park is nice, stable, convenient and a good place to live. If the price is right and you like the location you'll probably do fine. I wouldn't count on any big appreciation in coming years. Slow and steady will be more like it.
On a newer (3 years) development like this I suggest you (or your attorney) look into the financials, overall association condition and building components carefully. New construction Condo developments have been hit hard. Buildings that do not have all or a majority of units sold tend to have management and stability issues.
A quick search shows at least 8 units listed for sale. That's a fair amount of potential turnover. Whether these are still original developer sales or current owner sales there are questions to ask for either scenario. Are units owner occupied or being rented, are any units in foreclosure, how many units are listed, does the developer still own any units, is the developer paying assessments or not on any units he owns (this can be a big problem), who is maintaining the building, developer or association, has a reserve study been done, at 3 years out have construction problems surfaced, is anyone dealing with those, is there any developer warranty remaining, are there commercial units and how are they part of the association, etc. I could go on and on but I should stop.
These are all questions that go to the stability of the property, comfort of living there and whether it is a good investment.
I have nothing against Condo's. I like condo's. However, I tend to understand some of the underlying hazards for buyers in regards to Condo purchases better than some. A good Condo building can be a great place to live. A distressed Condo building can be your worst nightmare.
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0 votes 3 answers Share Flag
Thu Jan 20, 2011
Marcin Talaga answered:

If you decide to put an offer in on a foreclosed property, definitely put in a lower offer. In most situations, if you are the only "bidder" then the bank will counter if they are not satisfied with your offer. It never hurts to go in low. If there are multiple offers, the listing agency will notify you of the multiple offers, and ask you to submit your highest offer. As everyone else mentioned, get yourself a buyer's agent to help you. You don't pay for a buyer's agents' services so you can use and abuse them all you want. We are there to help you and guide you through the process, no strings attached. Using an agent can only help, not hurt you. Hope this helps.

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0 votes 9 answers Share Flag
Thu Jan 20, 2011
Marcin Talaga answered:
Doris, this home is listed for sale on the MLS, but it was actually sold at auction last weekend. I'm not sure why it's still listed, but the other properties that were sold at the auction still haven't been removed from the MLS either. ... more
0 votes 9 answers Share Flag
Mon Jul 14, 2008
Kate answered:
The deal is done and I took a quit claim deed a few weeks ago; I'd come to the same conclusion Saify offered -- if you don't have to sell, don't. I don't want to uproot the kids from the neighborhood and the only place I'd move is another home in EP so selling right now just didn't make sense. I'm here for the duration so can ride out the downturn. We (as in Edison Park) were on a bubble anyway; prices 12 months ago were a wee bit absurd. But for someone looking to get into EP, there are some really nice deals out there! ... more
0 votes 4 answers Share Flag
Wed Apr 2, 2008
E answered:
Past performance (have they sold places similar to ours? For how much? How fast?)
Recommendations from past clients
Honesty - tell it like it is, from where home should be priced to what we need to do to our home to get it sold
Actually "sells" home - attends showings

We chose our last agent through a flier she mailed touting her success selling another unit in our building for a great price. After interviewing several realtors, and talking to her past client in our building, we chose her. She was aggressive (sometimes even abrasive) but she was honest about her process (she wouldn't take us on unless we did a lot of decluttering and fixes, and was specific about us having our place spotless every day with fresh flowers) and sold for a great price within our timeframe. I'd use her again.
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