So, before the Summer lets out, I'm looking to purchase a house in South Eastern Wisconsin, preferably near Northern Racine, Franklin, and Greenfield. Has anyone had some good/bad experiences in the real estate market, or possible leads on some houses (foreclosed or otherwise).

Preferably, I'd like to get a 1/3 + acre lot size with above 1000sq. ft housing (preferably with a basement). I'm shooting for a $150,000 price range in a good neighborhood. I'd like to have at least a 1.5 car garage, but if it's a good deal without one I can always build (given space and local regulations).

As always, any help is appreciated.


Modified by toyomatt84 at 2:03 AM 7/11/2008

 

http://www.homeownersmke.com

 

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by GRAF-FITI &raquo;</TD></TR><TR><TD CLASS="quote">http://www.homeownersmke.com</TD></TR></TABLE>

Thanks for the link.

 

Pre-approved for $150,000?

FHA loan or conventional?

 

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by Mugen Mike &raquo;</TD></TR><TR><TD CLASS="quote">Pre-approved for $150,000?

FHA loan or conventional?
</TD></TR></TABLE>

Most likely conventional, but if there's a house just slightly out of my price range I may go FHA just to get it.

 

There's a TON of foreclosures out there in the sub $150k range right now. You should be able to find one for about $30-50k below assessed value. It will need some work, but if you're going conventional, you should be able to borrow enough to cover the purchase and remodeling costs and still be well under assessed value, with a completely remodeled home.

Just make sure to get yourself pre-approved before you start shopping. Most Realtors won't want to work with you if you're not, and you've got to be ready if you want to go for a foreclosure, there's usually going to be a bunch of people trying to grab it at the same time you are, and the banks that are selling it off won't even accept an offer without a letter of pre-approval included with the offer.

Feel free to PM me if you've got more questions.

 

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by GRAF-FITI &raquo;</TD></TR><TR><TD CLASS="quote">http://www.homeownersmke.com</TD></TR></TABLE>

wtf is that? Dollar Store Realtors?

My wife works for Shorewest, as an administrative assistant, but does have her sales and brokers licenses, so she can refer you to someone if you wish. PM me if you have any questions Matt.


Modified by .Beaver at 5:35 PM 7/9/2008

 

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by .Beaver &raquo;</TD></TR><TR><TD CLASS="quote">

wtf is that? Dollar Store Realtors?

</TD></TR></TABLE>

how did you figure it out?

or maybe....just maybe....it's a search engine for local listings from multiple realty companies

what a novel concept...browse them all via one site..then see the listing company and visit their site for more pics/info

WOW...CRAZY!!!!!

 

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by GRAF-FITI &raquo;</TD></TR><TR><TD CLASS="quote">

how did you figure it out?

or maybe....just maybe....it's a search engine for local listings from multiple realty companies

what a novel concept...browse them all via one site..then see the listing company and visit their site for more pics/info

WOW...CRAZY!!!!!</TD></TR></TABLE>

http://www.homeownersmke.com/about.php
um...
they're a realty company that allows you to search all properties in MLS, just like pretty much any other realtor's website.
like...
http://www.shorewest.com
http://www.firstweber.com

 

yay for you

e-cookie eligible

 

But trust me, you need to be careful with these bargain brokers, the house my wife and I bought last year was listed by List for Less MLS in MKE, the agent didn't know the difference between her *** and a hole in the ground. There were probably at least 15 things in the listing that were misrepresented or just plain false.

 

i just use that **** to get an idea, not form a conclusion for buying

 

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by GRAF-FITI &raquo;</TD></TR><TR><TD CLASS="quote"> i just use that **** to get an idea, not form a conclusion for buying

</TD></TR></TABLE>

Good deal, if you find a specific property, you can give me the MLS# and my wife can pull it up and see info the public can't.

 

appreciated...we're about a 8 months away from seriously looking...kinda just skimming the market right now

 

Wow, I love all the new info. you guys are throwing at me. It's quite helpful, indeed. I must admit, I'm somewhat nervous about this whole prospect, but also quite intrigued.

Is Wauwatosa a decent place to live? (Crime rates are pretty low, according to what I've read. And for the most part, the place is pretty clean.) It's central to where I work, and the housing there is decently priced.

 

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by GRAF-FITI &raquo;</TD></TR><TR><TD CLASS="quote">appreciated...we're about a 8 months away from seriously looking...kinda just skimming the market right now</TD></TR></TABLE> Your moving to Chicago.

 

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by toyomatt84 &raquo;</TD></TR><TR><TD CLASS="quote">So, before the Summer lets out, I'm looking to purchase a house in South Eastern Wisconsin, preferably near Northern Racine, Franklin, and Greenfield. Has anyone had some good/bad experiences in the real estate market, or possible leads on some houses (foreclosed or otherwise).

Preferably, I'd like to get a 1/3 + acre lot size with above 1000sq. ft housing (preferably with a basement). I'm shooting for a $150,000 price range in a good neighborhood. I'd like to have at least a 1.5 car garage, but if it's a good deal without one I can always build (given space and local regulations).

As always, any help is appreciated.


Modified by toyomatt84 at 2:03 AM 7/11/2008</TD></TR></TABLE>

i think franklin might be a little out of reach for your price range, there are some foreclosures but the taxes make up for it.

i know a few good realtors on the south side as well. i can pass along their contact info if you wish.

 

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by xb.oWler &raquo;</TD></TR><TR><TD CLASS="quote">

i think franklin might be a little out of reach for your price range, there are some foreclosures but the taxes make up for it.

i know a few good realtors on the south side as well. i can pass along their contact info if you wish.</TD></TR></TABLE>

I've actually seen quite a few houses in Franklin within my price range. Wauwatosa is generally more expensive, in comparison, and I can afford quite a few in that region as well.

 

hmm, i havent looked in franklin lately, i guess most of the people i know are in the big money section of town.

 

tosa is too close to the ghetto northside.

Ill sell you my house in west allis for 180,000.00

Every. room in the house is brand new, roof is new, 2.5 car garage, brand new pation and landscape.

AWESOME Man Cave

All new windows, fresh paint.

 

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by xb.oWler &raquo;</TD></TR><TR><TD CLASS="quote">hmm, i havent looked in franklin lately, i guess most of the people i know are in the big money section of town.</TD></TR></TABLE>

i grew up in franklin....TAX CENTRAL...stay away

 

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by MidwestAutoWorks &raquo;</TD></TR><TR><TD CLASS="quote">tosa is too close to the ghetto northside.

Ill sell you my house in west allis for 180,000.00

Every. room in the house is brand new, roof is new, 2.5 car garage, brand new pation and landscape.

AWESOME Man Cave

All new windows, fresh paint.</TD></TR></TABLE>

As awesome as that sounds, it's just a bit out of my price range.

But, I agree/disagree with the ghetto northside comment. That's why I don't plan on buying a house East of 72nd.

 

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by GRAF-FITI &raquo;</TD></TR><TR><TD CLASS="quote">

i grew up in franklin....TAX CENTRAL...stay away</TD></TR></TABLE>

as did i. so i know exactly how you feel. lol.

 

matt im also looking for a house if any one can please help me!!! my price range is between 150-200 sorry for im putting my self in your thread matt but im in serious need of help i know nothing about the housing market!

 

<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by JcDrMx &raquo;</TD></TR><TR><TD CLASS="quote">matt im also looking for a house if any one can please help me!!! my price range is between 150-200 sorry for im putting my self in your thread matt but im in serious need of help i know nothing about the housing market!</TD></TR></TABLE>
refer to my above posts, let me know if I can be of assistance