We would like to purchase a home around $180000. What is the price range we should look between?

Asked by Marci, 53405 Sat May 1, 2010

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Mini Samuel’s answer
Mini Samuel, Agent, Kenosha, WI
Sat May 1, 2010
Marci, just answering the same question here again... Meet with a reputable lender who will guide you in this process. Again, if you need names of lenders, I can help you out. I do work in the Racine, Kenosha Market as well. Please email me back with any further questions.. Hope to hear from you soon!
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Don Tepper, Agent, Burke, VA
Sat May 1, 2010
It depends, in large part, on market conditions. It also depends on the motivation of the seller. Realistically, in most cases, I'd say look at everything below $225,000. Don't set a bottom limit on it. If you set it at, say, $170,000, you might miss a really great deal at $155,000.

So at least start off and see what's available at maybe $225,000 and below that meets your criteria--location, number of bedrooms, number of baths, age, style, etc. Then take a look at what $225,000 (list) will buy you. Then take a look at what maybe $200,000 will buy you, and $180,000, and $160,000. That'll help you narrow down the price range.

Realistically, not too many homes listed at $225,000 will come down to $180,000. But some will. And you may find something at, say, $219,000 that can be negotiated down to $189,000 that you'd be happy with.

So--start out fairly broadly. Then narrow it down.

Your Realtor can give you more information and more strategies.

Hope that helps.
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