what is the seller price for and reason?
LAKE DRIVE Seller Confidential have lived in Milwaukee for your entire life and you have decided recently to retire from teaching at a prestigious private school. Two years ago, your spouse retired after 30 years public office and joined the Peace Corps. Both of you have become discouraged with the current state of local and county politics. You have, over the years, been involved with numerous political campaigns but are now fed up. Nobody seems to espouse your values anymore. While serving with the Peace Corps in Costa Rica, your spouse fell in love with a house on the ocean. You during the two summers and you agree that it is the perfect ited place to spend your retirement years. The best part is that the beachfront house in Costa Rica is more than 4,000 square feet and your spouse purchased it for only $150,000! Currently, you own a house at 3365 N. Lake Drive in Milwaukee. You purchased it in 1993 for $250,000, but values have increased since then and you've been marketing the house Your three-month for S619,000, which was a price suggested by an overly enthusiastic Realtor listing expired a few days ago and you plan to re-list with another company. In the meantime, it is currently listed for s599,000. You have also offered the property to a friend of a friend for $599,000 and you will save nearly s40,000 in commission if you sell it without a broker. You realize that the asking price is somewhat subjective, based primarily on comparable properties that have sold in the area between $409,900 and $699,000. The average sale price is $557,738 the median price is S529,000, but the property is assessed at only S378,900 The house, which was built in 1926, does not have drain tiles. Installation of drain tile and re-landscaping will require as much as S100,000 in updates and repairs to make it experienced some leakag in the e desirable as other properties, especially since you have basement during heavy rain and thaw. You realize that you may need to accept an offer that reflects these repairs. Even more troubling, during your ownership, you have become aware that family member of the previous owner died a gruesome death inside the property. Although the property is considered stigmatized by neighbors in the immediate area, the event happened so long ago that few people remember anything about it. Disclosure laws do not require the disclosure of murders, suicides, or claims of ghosts and haunting, because it usually reduces the value of the property. However, such disclosure is usually suggested, because new buyers will surely find out sooner or later Therefore, you are willing to accept as little as S400,000, which is what the property is worth if the buyer knows everything there is to know. However, you would like to sell it for as much as possible so you can complete the sale and move to Costa Rica with your spouse upon retirement in a few months
