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Home Buying in Racine : Real Estate Advice

  • All85
  • Local Info13
  • Home Buying22
  • Home Selling3
  • Market Conditions3

Activity 19
Wed Jul 22, 2015
Wayne Cowles answered:
My Listings is not available in menu.
0 votes 1 answer Share Flag
Thu Jul 16, 2015
Jama1830 asked:
Mon Sep 15, 2014
Erin.suominen asked:
I'm right on the mark where I can get an FHA loan, is there anyone that can help me purchase my first home in Racine, WI? I'm trying so hard to get my score up, I heard if I paid…
0 votes 0 Answers Share Flag
Mon Aug 4, 2014
Mark Nehs, Wisconsin answered:
622 no problem. We do go by middle score but 622 works with me on a few programs. Contact me if interested.
0 votes 3 answers Share Flag
Sat Aug 2, 2014
Josh Barnett answered:
Complete a loan application with a local lender and the lender will be able to advise on which loan products are available.
0 votes 2 answers Share Flag
Wed Feb 5, 2014
Patrick Vandenberg answered:
Art, Why are you asking that on this website when we already had this discussion in MY OFFICE?
Patrick
1 vote 2 answers Share Flag
Fri Aug 9, 2013
Sunnie Zemaj answered:
The term "nice" is vague.Please send me your criteria (neighborhood,area,school district,price range,etc).....I would be more than happy to assist you!




262-620-0439
0 votes 1 answer Share Flag
Sun Apr 8, 2012
Linda S. Cefalu answered:
Hi Joy,

You already have a few agents that have offered their services. I live in Racine County and I love it here. Racine is very large, so where you live is going to depend on your personal needs such as commuting to work.

You can either choose from as reputable site such as Trulia or you can ask your current agent, if you have one in Nevada, to refer someone from Wisconsin. Just make sure that they actually know the agent they are referring to you.

And I agree strongly with the comment made by Mini and David. I just had what we call a "dry closing" last week due to the out of town funding. I also have several lenders that I have worked with for years. They are trustworthy and very reliable. They stay on top of everything and keep you informed every step of the way so that nothing slips through the cracks.

Let any of us know if we can help and please come back to let us know how you did. We often get questions from buyers, but never hear from them again. It would be nice to hear from you once you are settled.

Best of Luck
... more
1 vote 4 answers Share Flag
Tue Mar 15, 2011
Dallas Texas answered:
Confused are you wanting to purchase another home in CO I am assuming ?

Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
972-699-9111
http://www.lynn911.com
... more
0 votes 1 answer Share Flag
Fri Nov 26, 2010
Ajnorris08 answered:
We are in the preapproval status right now and the "condition" (if that's what you want to call it) is that the collection be paid off, which we are doing. Does this pretty much guarantee us or do we still run the chance of being denied when we actually do a bank application? ... more
0 votes 5 answers Share Flag
Thu Apr 22, 2010
Linda S. Cefalu answered:
Dear Jjohnson,

The May issue of Milwaukee Magazine has a great expose' on the top 7% of realtors in the Milwaukee Metro area. It also lists their names and contact information. These are chosen through a long an arduous process and the criteria in choosing them is quite strict.

They must be nominated and the selection process is based on nine criteria:

1. Customer service
2. Communication
3. Finding the right home
4. Integrity
5. Negotiation
6. Marketing the home
7. Closing preparation
8. Overall satisfaction

In addition to the clients, they also interviewed title companies, mortgage companies etc. who worked directly with these agents.

The top 7% of the FIVE STAR AGENTS were picked out of more than 8,000 agents.

You might want to start there.

Linda
... more
0 votes 7 answers Share Flag
Fri Apr 16, 2010
Linda S. Cefalu answered:
I really don't believe in averages. I have seen homes for over asking price and under asking price anywhere from 2% to 25%. If you are working with an agent and you find a home that you wish to make an offer on, you would ask him or her to do a cma in the area. That will be helpful, however, still not the deciding factor. Some people will take say 3 homes - one is $150,000, one is $200,000 and one is $300,000. Then they add them together and divide by 3, giving an average selling price of $216,666.....

This calculation simply does not work in real estate. As you said yourself, there are many factors involved in deciding on what you should offer on a home.
1. What do you qualify for?
2. How does the home suit your needs?
3. Does the location make sense for you?

I could go on and on, but the bottom line is..........you might pay $150,000 for a home that someone else would be willing to pay $175,000 for.

What you do need to be concerned with is what is the appraiser going to think it's worth -that is, if you're getting financing. No matter what you think it is worth, the bank must agree or you don't get the loan.

And keep in mind that the value of conventional sales in Wisconsin are being brought down by the surrounding sales regardless of whether they are shortsales or foreclosures.

Hope this was helpful.
Linda
... more
1 vote 4 answers Share Flag
Thu Apr 8, 2010
Vincent Selleck answered:
Hi

There are generally no restrictions for foreign nationals buying US property. We advise our clients to buy through an LLC rather than in their own name for asset protection and if they live in Australia to set up an LLC in a tax-free state as the sole member for the LLC that owns the property in the state of operation to avoid state taxes and create another firewall between their US property and other Australian assets.
I am happy to provide further advice, as we are buying lots of foreclosed properties for Australian investors with net returns of 15-25%. We have a team which includes lawyers and a joint US and Australian accountant to ensure that each client is setup correctly for legal and tax.

You can contact me on vincent@888wc.com.au or www.888wealthcreation.com

Many thanks

Vincent Selleck
... more
0 votes 2 answers Share Flag
Wed Feb 24, 2010
Anna M Brocco answered:
Depends--is the property priced on target or slightly below--if so multiple bids may come into play--if you don't have an agent consider the services; you need to be aware of recently sold similar properties in the immediate area, factor in repairs, extensive or cosmetic--review the data and make a determination as to a fair offer--keep in mind there really is no standard as to percentage(s) off when making any offer. ... more
0 votes 3 answers Share Flag
Tue Oct 13, 2009
Debra (Debbie) Rose answered:
D - Hello again!

Thanks for the clarification.

Now that I know you are being represented by a Realtor, and there are no problems , I will defer to him or her, and suggest you follow their advice.. I am sure they will guide you in the proper next step to take. Getting advice from strangers on the internet might only serve to confuse you if it varies at all from what your agent is suggesting.

Since none of us know the specifics of your offer or the exact circumstances, we really can't, or shouldn't , comment further (at least that's my opinion), as I would not want to interfere in your ongoing business relationship with your agent.
From what you said, it appears the 72 hours are not yet up. I hope things will move along, and you're able to reach a satisfactory result. I wish you good luck in buying this home!
Please let us know what happens!

Best wishes...
Debbie Rose
Prudential NJ Prop0erties
... more
1 vote 5 answers Share Flag
Thu Oct 8, 2009
Jill Wolfe answered:
Jennifer,
If you want to know what a fair price is for the home contact a Realtor* in the Racine area.The owner may have paid to much for it when they bought the property, the market may show the value in the area has dropped or increased, if they bought it 10 years ago the value should have increased even in the current market, the owner may have done upgrades or repairs to improve the condition etc..... So going by what they paid may not be a fair value of the home. I am a Realtor* and have been servicing Racine buyers and sellers since 1998 so feel free to contact me for more info.

If all you want to know is the last purchase price you can go on www.racineco.com select "t" then "Tax inquiry" then type in the address where prompted.
... more
0 votes 3 answers Share Flag
Thu Jun 18, 2009
Vicky Chrisner answered:
Not cool.

Is your contract fully ratified? If the contract is not fully ratified, then chances are they can do it, but your agent would have to put you in touch with an attorney to help you interpret the law relating to verbal contracts. If it is fully ratified, then read the contract specifically for language allowing that. Again, an attorney can tell you if the language in the contract is enough, as some things found in contracts are rendered void or unenforceable by state or local code. If the contract is ratified and there's no language in there allowing this action, then my guess (guess) is that you can enforce the contract. No matter which applies, you'll need an attorney on this one. ... more
0 votes 1 answer Share Flag
Wed Mar 25, 2009
Mike Zoerner answered:
Sounds like you are taking the right steps to get your credit rate increasing. There are a few places that may be able to get you qualified but you need to be careful. I think maybe taking a little more time to fix the lower credit score would be in your best interest for qualification and the better interest rates. Feel free to call if you need further help.

Thanks
Mike Zoerner
... more
0 votes 6 answers Share Flag
Sun Apr 27, 2008
Susan Wesely answered:
I am familiar with westerm WI. In St. Croix county (Hudson area) there are quite a few lots of the size you want . They range in price from $53,000 to $600,000 on or adjacent to golf courses. Many of these are builder-owned, or are tied into an association. I would be happy to narrow the list if you are interested in this area. There are also lots in Pierce and Barron counties (south and north of St Croix) that claim to be "close" to golf - not necessarily ON golf courses. ... more
0 votes 6 answers Share Flag
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