There are a couple of ways to find going rents in an area. Check Craig's List to see what landlords are asking for in the area or there is a formula some often use, Property Value / 10 / 12 months or $129900 / 10 / 12 = $1075 per month.... more
Prices have leveled off, you are seeing a slight increase in demand due to the spring market. Milwaukee was one of the least effected areas in the country in regards to the housing bubble; while home prices did increase from 2001 - 2009 you didn't see the astronomical jumps occured in places like Florida, Las Vegas, Phoenix etc.. Therefore home prices also have not dropped by these huge leaps as well; homes are staying on the market longer on average, yet a properly priced home will sell in a timely fashion in any market... more
Absolutely. A VA loan is a very strong financing option. Always has been. To factor your available payment, take about 30% of your gross monthly income. That is a good place to start. You can also have a seller pay up to 4% in closing costs. In a perfect scenario, you can walk into a closing with a pen to sign and leave with a home.
Let me know if you have any questions about VA financing.
Bank of America Home Loans
You might consider having a home stager come in and check things out. Some times it is a little thing that might work. Make sure your condo has as many pictures as possible on line and in MLS. Sometimes it is a good idea to have as the main picture the inside and not the building. Price could also make the difference. You might take a field trip and look at the other units available in your building to see what they are offering or how they look compared to yours. Could be paint colors. Good luck hope this helps.... more
Right now the Milwaukee area has a total of 22,942 active listings average days on the market is 134 days.
Total properties sold since January 1 2008 is 4973 that were on the market for an average of 103 days.... more
I am very familiar with your building, my office is right next door. The best comp I could find for you is a one bedroom purchased in 2002 for $199,000 and sold in January of this year for $225,000. This condo is on the Water/River side which accounts for the difference in the original asking price of your unit of $160K. There is new building with in a block that has one bedrooms going for 199K. I would need to take a look at your unit and do a more thorough market analysis, but I have a number in mind for you. Please feel free to email me directly for more information. email@example.com.... more
The market for both residential and commercial has been strong. Interest rates are still low and property here had only seen modest gains over the last few years so prices are not in a sharp decline. There is however a growing inventory giving buyers plenty choices and leading to increased marketing time for sellers.