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How Much Does It Cost To Build A 3 Bedroom Home All Locations : Nationwide Real Estate Advice

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Activity 163
Showing results for How Much Does It Cost To Build A 3 Bedroom Home [Clear search]
Mon Jun 6, 2011
Bill Godwin answered:
Hi Jennifer,
I wish I could give you a definitive answer to your question. But since I can't predict the future, I can only provide you with some market indicaters that I watch. In each of the markets that I monitor the number of active listings has not increased dramatically as is characteristic for this time of year. At the same time the number of Bank owned properties listed has been decreasing. Of the bank owned listings which have sold in the last 30 days nearly 25% ten days or less and many for more than the asking price. That indicates a great demand for the affordable homes. When you see more demand and less supply it general leads to strengthening prices. While prices have gone up yet, it feels as if an equallibrium maybe approaching.
The best time to buy will be when you see a house that meets your needs that can be bought for a price that is within your budget. Work with an experienced full time agent and you can negotiate your way into a great deal now.

Bill M Godwin
First Team Real Estate
949-606-5669
Bill@BillMGodwin.com
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0 votes 82 answers Share Flag
Fri Sep 12, 2008
Chuck Patterson answered:
A Realtor. That's the best place to begin. they will guide you through the process.
0 votes 47 answers Share Flag
Wed Jun 9, 2010
Jim Johnson answered:
FSBO or through an agency? If through an agency, ask your agent. If not, list with an agency. How is the price? What are your terms? How is the market? How is the curb appeal? How does it show? Have you uncluttered and depersonalized it? All these factors and more can make a difference. ... more
0 votes 18 answers Share Flag
Thu Dec 12, 2013
Myke answered:
If it is common for houses similar to yours to have a 2 car garage, and you don't have a garage at all - and people are saying that's a problem... then yea, that might be what's holding you back from selling.

Is your home priced comparibly to homes that do have garages? That may be part of the problem as well. You could either compensate by lowering your price to make up for the lack of garage, or build one. Depending on building costs - building one may make more sense.

There's some numbers to be crunched there to figure out if it makes sense or not. Talk to your realtor - figure out what it would cost you to build, figure out if it makes sense financially.
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0 votes 7 answers Share Flag
Fri Mar 25, 2011
Myke answered:
Kick the agent to the curb.

As for who gets the commission - that's kinda tricky, but ultimately if your current agent is not performing, i would argue they have absolutely no claim to anything they didn't put together.

If you're asking your agent to get things done on your behalf -and they're not doing 'em - they have no real ground to stand on if you go to somebody else, and they actually get it done.
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0 votes 19 answers Share Flag
Thu May 22, 2008
Myke answered:
I think the most important thing you can do - is whenever you make a statement or suggestion to a client - follow it with the words "and here's why...."

A lot of us are admittedly skeptical of the real estate industry right now. We want to know the advice we're being given is based on fact, and not commission. If you can educate your client during the process - it shows them that you not only have the knowledge to perform, but you also have an educated client that is going to be easier to work with, who trusts you, and is going to be more capable of jumping on a deal when they see it. ... more
0 votes 14 answers Share Flag
Fri Mar 25, 2011
James Pycha answered:
Try it alone once and you'll see. However, you may lose a lot of money or get in a real bind legally. A real estate agent is every bit the expert. She is better informed than you about your home's worth, the state of the housing market, even the buyer's frame of mind. You depend on her for this information.

As the world has grown more specialized, countless such experts have made themselves similarly indispensable. Doctors, lawyers, contractors, auto mechanics: They all enjoy informational advantage. And they use that advantage to help you.
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0 votes 66 answers Share Flag
Mon Jun 2, 2008
Ines Hegedus-Garcia answered:
Ian - many people are in similar shoes as yours and a lot of them choose to rent. The economy is definitely not in our favor and I do wish there was a crystal ball to tell you where housing prices will go.

Many people think we are at the bottom now, some others feel we have a while to go. The smart thing to do is probably not to guess when we hit bottom, but take a risk of buying when the market starts going up again. There are many factors other than the price and interest rates are a major one.

You may be able to wait for prices to go down a bit more, but the interests rates are on the way up. Make sure you take that into consideration as well. Study the areas you are interested in and talk to Realtors that know those areas to know what the pricing history is.

http://www.miamism.com/miami-mortgage-rates-report-may-14-2008

There are still strong areas in Miami that have not gotten hit that hard, there are others that are suffering. Keep studying your options and be smart about recognizing the shift.
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0 votes 9 answers Share Flag
Thu May 8, 2008
Sarah answered:
Fri Mar 25, 2011
Ron Werner answered:
No one I know can predict the future. Factors you also need to consider are the effect of interest rate changes on your payments, what you are spending on rent and lack of deductions you are missing.

This is my 3rd decade as a full time broker so I have seen these markets before. You'll know 6 months after the market turned that it in fact did. In the meantime there are some excellent opportunities out there hence this is "a buyer's market".
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0 votes 35 answers Share Flag
Tue Oct 12, 2010
Vicki Lloyd answered:
I don't think they will decrease as much % as the Inland Empire, but they will probably drift lower over the next few years. There are still a lot of "liar loans" that will be adjusting over the next 2 years, and it is unlikely that those owners will be able to refi or afford the new payments. The bank owned homes often need a substantial amount of work and money to make them nice, so they will be pulling the average values down for a while.

If you find a house that you love, and can afford, and plan to stay in for 6 - 10 years, it won't matter if "averages" dip down some more. They will come back up eventually, and you will have enjoyed living in your own home during that time.
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0 votes 54 answers Share Flag
Thu Jul 29, 2010
Dan Edwards answered:
Remember sometime you just need to buy a home. Rates are great and there is lots of selection. If you are looking for somewhere to live....buying a home is a long term investment thats why you take a 30 year loan. ... more
0 votes 37 answers Share Flag
Thu May 1, 2008
Zack answered:
Victoria, an almost identical question was just asked, here are the answer I provided.

http://www.trulia.com/voices/Market_Conditions/I_will_be_in_New_York_to_study_for_years_should_-29675-- ... more
0 votes 23 answers Share Flag
Sat Nov 1, 2008
Linda Ginex answered:
Hi Jared,
Historically Single Family Residences tend to appreciate faster than Condos where you don't own any land. This could be different in some popular downtown areas however. If you decide to buy a home shoot for a 3 bedroom, 2 bath. If your location is close to the beach then a 2 bedroom may not be a bad investment. ... more
0 votes 13 answers Share Flag
Mon Feb 22, 2010
Interested_buyer answered:
to add - this is for the Centre Place at Edison Townhomes next to Middlesex Community College. The price increased by $90k in some cases for these homes - is this truly the fair market value for 3 bedroom townhomes in South Edison? ... more
0 votes 65 answers Share Flag
Fri Aug 28, 2009
John Sacktig answered:
North Brunswick, South Brunswick, South River is great too! Sayreville is great and Woodbridge!
Good deals in Spotswood.

Email me, Tell me what you are looking for and what the price range is and I'll have them to you in 15 minutes. I work in these areas and can find you the best possible home for your needs.

I know what is out here and I am familiar with all commutes into Manhattan.

John Sacktig
Broker/Sales Associate
Orange Key Realty
Direct: 732-213-1409

JSacktig@Orangekeyrealty.com
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0 votes 16 answers Share Flag
Fri Apr 1, 2011
Deborah Madey answered:
MLSs make the active listings available via IDX feeds so that brokers and agents can share info about properties available for sale. I agree it would be helpful for everyone if the active listings provided more complete data.

Some of the info on the MLS is confidential data for agents to share w/ each other. i.e. house is vacant, owner works nights and sleeps til noon. The MLS was created for Realtors to share listing data w/ each other to provide a larger buyer pool for properties that are listed. It has transitioned to and become a database that is a marketing tool and will probably contiinue to evolve.

There are many real estate listing sites and consumer complaints are rampant about missing, incorrect or outdated info. Most MLSs have strict enforcement rules that provide for an iformation source of high data integrity. Still, MLSs have their imperfections.

The MLSs will probably continue to evolve and additional consumer options may be part of that. I would have to hear arguments of the pros and cons to have an opinon about opening up an MLS entirely. Obviously, such could not be done without a fee.

I do support more detailed data on active listings to be made available to the public at large for no charge.
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0 votes 119 answers Share Flag
Thu Mar 27, 2008
Kimberly "KIM" Wojcik answered:
Good Morning Shri,

Regarding purchasing your first home in a complex or not, that depends on your needs and comfort level along with the price & condition of the property and home. If the home is priced well based on condition and acreage, the property may be a great opportunity for an investor and or first time home buyer. Subdividing the property in the future is another great perk. You personally should investigate the zoning, check with the township zoning office to see if the land can possibly sub-divided. Often the zoning is on the internet in the township website. There may be other other issues on the land to prevent you from subdividing (loike DEP and EPA, Set backs, ect) so You should use a knowledgable real estate agent (or at least an agent that will do the homework and look into everything along with real estate attorney to represent you. Preference as to location, is an individual choice, some people prefer space while other prefer to be oin a subdivions. What ever you decide, it is an excellent time to buy, the choices, prices and interest rates are great! I hope this helps and give you direction. Good luck! ... more
0 votes 6 answers Share Flag
Fri Sep 18, 2009
Mott Marvin Kornicki answered:
There are condos that are overpriced and there are even more that are well below market value.
NOW is certainly a great time to sort out the opportunities and dive right in.
I have not seen great deals like I see today in over 15 years! ... more
0 votes 21 answers Share Flag
Mon Dec 15, 2008
Jeff Kessler answered:
Not sure about their incentive. I can call them tomorrow to see what they are offering. Which community are you most interested in. You can check out my website to find more incentives for yourself.
If you have any questions please email me.
Thank you,
J.
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0 votes 6 answers Share Flag
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