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Home Selling in Milwaukee County : Real Estate Advice

  • All66
  • Local Info4
  • Home Buying30
  • Home Selling14
  • Market Conditions2

Activity 45
Sun Feb 20, 2011
Linda S. Cefalu answered:
Great point Bernadette and I completely agree. The only problem is when you get a home that does not have much natural light regardless of how the sun is shining. Those become a real challenge even with photo editing options.

Glad you saw the LIGHT and helped your agent help you.
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0 votes 12 answers Share Flag
Mon Jun 14, 2010
Laurie Ansorge-vz answered:
Yes! I can recommend a great management company. Please call me at 414-732-7321. Or...depending on the rent amount, I have a possible renter for you!
Laurie - First Weber Group Realtors ... more
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Wed Jun 2, 2010
Eric D Lenz answered:
It is best if you CAN sell first as far as cost and smooth transactions. You can certainly negotiate better when you are buying if you don't have to sell a property first. Getting a FIRST mortgage these days is not the easy going that it was just a couple years ago. The pendulum has swung!

You can take out two mortgages. People do it a regularly for second or vacation homes. You will just have to qualify for the second mortgage just as you did for the first. But, you'll still have the first, so you need plenty of income to support 2 mortgages.
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Thu Apr 8, 2010
None answered:
The master suite is a better choice by far. In-law quarters really don't do much for the value of a home.
0 votes 6 answers Share Flag
Wed Sep 8, 2010
Desi2p answered:
Fri Mar 5, 2010
Anna M Brocco answered:
You may wish to consult with an attorney specializing in real estate for all related paperwork.
0 votes 2 answers Share Flag
Mon Jan 4, 2010
Kathy Weber answered:

I would definitely listen to your agent.

The guidelines for FHA are very strict and some appraiser's are more stringent with those rules than other's.

When an appraiser has to return to "check" on items not to guidelines on the first visit, it's true that "new" items make be noted.

It's not that they have the option to add their own parameter's, they just have to justify the property as "FHA" approved.

Take your Realtor's advice, unless very costly, and repair what is required so the appraisal will go through.

Even if you're dealing with conventional buyer's, they too can submit a "Repair" list for items they want repaired prior to the loan funding.

It's best to accomodate requests - within reason .

Best of Luck!
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Wed Sep 8, 2010
Eric D Lenz answered:
Your Realtor should answer this question. If you are not comfortable with the answer you get from your Realtor, consult an attorney for advice.
0 votes 4 answers Share Flag
Thu Jul 23, 2009
Things are slightly better than last year but price is not. Prices are lower between 5-15+% since last year depending on location. Inventory is improving but lending and appraisals are tougher than last year. it will be awhile before prices can start to go back up. ... more
0 votes 5 answers Share Flag
Mon Jun 29, 2009
Eric Funk answered:
Speak to a local agent to get an idea what your home is worth. It sounds like it would be worthwhile finding an agent with experience in Short Sales - ie: selling home for less than mortgage held on property. Ask manager of local office to refer you to an agent with this experience. Good luck! ... more
0 votes 5 answers Share Flag
Fri Jul 1, 2011
David Eyrise answered:
Hi Amy, Instead of insurance we have earnest money collected. In case of a breach of contract Seller has a right to that money but not if a buyer backs out of a contract legally (by contingencies in an offer). The thing I have been worried about as of late is the lenders not closing even after issuing loan commitment letters. I have seen several closings in our office not close on day of closing because a lender has decided at the last minute to change their mind even after they signed off on a loan commitment for things that they already approved and signed off on and for things that have not changed like an appraisal. Buyers and Sellers need to read through a written loan commitment letter more seriously when receiving it. It's causing serious displacement costs for Sellers and Buyers. Dave Eyrise, Realty Executives Integrity 262-901-0801 ... more
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Thu Mar 19, 2015
Juanita Thompson answered:
The market being what it is, the more you can get done towards making the house move-in ready, the better off you'll be. I'd recommend getting the work done and then listing, if you can wait that long. Otherwise have in the listing (MLS, or whatever system you use) that the work will be completed prior to closing. Some buyers will be scared off. Others won't. You'll attract more buyers with a house that's move-in ready, though. ... more
0 votes 10 answers Share Flag
Thu Sep 11, 2014
Erica Laughlin answered:
Tom, commission rates are set by the real estate firms who charge them, and there is no legal minimum in the state of Wisconsin. Legally, an agent could represent you for free. However, agents have to recover the costs that they incur to market and sell your home - and these costs happen whether or not your home sells. So the typical real estate firm will charge commission to cover those costs and make a profit over and above their expenses. ... more
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Wed Dec 3, 2008
David Ray answered:
Sarah, I appreciate your situation. I have worked with many sellers who have faced a similar situation. Quite frankly, there is no easy answer. Generally, tenants would prefer not having to find another place to live after a dwelling closes, and therefore, will find ways to not have the sale occur. One of the ways in which they achieve this is by not cooperating with showings or not keeping the place clean and orderly for showings. What has worked in the past is to offer the tenants consideration in return for their full support and cooperation. Some investors have found offering reduced rent will increase the likelihood of cooperative tenants. Also, I would not hide the fact that you are trying to sell your duplex from your tenants. Eventually they will find out and it is better if you are upfront and honest with them - specifying that your goal is to sell and that you expect full cooperation. In return for the tenant's cooperation, I would offer some incentive or consideration for the inconveniences of showings and/or open house appointments. You're most likely will not be successful without the support of your tenants. I hope this helps. Good luck. ... more
0 votes 6 answers Share Flag
Thu Aug 14, 2008
Shar Rundio answered:
Susie, typically the seller pays for their title and escrow costs. It does not come out of the Realtor's commission. Both the buyer and seller will have their own customary closing costs aside from the commission the seller agrees to pay the Realtors. ... more
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Sun Jun 22, 2008
Mary Zinda answered:
My advice would be to rent it for the next year and see how the market is doing in March, and possibly even 2 years from now.
0 votes 3 answers Share Flag
Mon Aug 18, 2008
Don Tepper answered:
Some sites contain that information--for example Zip Realty has that data. Otherwise, contact a Realtor; that information is contained in the MLS.
0 votes 4 answers Share Flag
Sun May 11, 2008
Karen Wenzel, e-PRO answered:
the home at 5450 Moorehead Ln in Greendale currently is in pending status. It's asking price is $194,900
0 votes 3 answers Share Flag
Fri May 1, 2009
Jaime Druck answered:
The best thing to do is communicate with your Realtor / their manager. It is crucial to keep the house show ready at all times and make sure to accomodate all showings and that is pretty much the main thing for you to do. It is very important to neutralize the pet odor seeing is you don't want that to be the objection. At least with the weather getting nicer you can air the house out. Have you tried Smells Be Gone? It is a pretty good odor neutralizer. The majority of the buyers are online or hear about homes from their Realtor. Depending on the price of your home their are some print publications that the ad can be placed in (however they seldom generate much interest). Craigslist is another way to get the home in front of potential buyers. In todays market the other thing sellers are doing is offering a buyer credit or else an agent selling bonus. If there is a lot for buyers to choose from this might make it more attractive for them & perhaps get an agent to suggest the house when the buyer hasn't selected it. Unfortunately in todays market homes are taking longer to sell so it is a big hurry up and wait. There is a lot of behind the scenes work that the Realtor should be doing, however, they should be communicating this to you. Hopefully this helps. Good luck! ... more
0 votes 22 answers Share Flag
Sun Jun 7, 2009
Fred Kissinger answered:
I don't know if you are listing in the higher end of homes or the lower, nor what your market is like. In general though, close to 70% of home buyers use the internet to search for homes. And most will look in the paper on a semi regular basis for a home.

That being said ... again, most buyers find the home they purchase through a Realtor. What the ads on the internet and in the paper do is spur interest and get that buyer to take the next step and contact a Realtor to look at a particular home. Thus opening the door for us to show them others in their price range that meet their criteria.

I would sit down with your agent and have talk as to what she is doing to market your home. And you should tell her what you expect. If she is doing nothing more than listing it on the MLS, her commission should reflect it (same as a discount broker). If you are paying for full service, than you should get full service. Tell her that you want it on the internet and in the paper. What most sellers and buyers do not realize is that we are your employee and if we do not perform, we can be fired.
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