Hi CmC. Property taxes are not state secrets. Regardless of this being a resale or new construction, just ask the listing broker.
Your question is that of someone who seems to not want to use a broker. I believe that would be a mistake as a broker would get all of your questions answered. If you want to go solo, good luck.... more
I do not know the highrise or the town, but feel I like to mention something, which has little to do with the location and building itself, for that a local Real Estate Agent, may have some more specific and detailed answers for you.
But just generally speaking, when opening a store (And I have done that myself in my area at one point in my life, so I know a little about it!) there are several items that are very important....
Traffic, i.e. how many people pass by the store (high rise you may think plenty, as they are living right there and in that respect you may be right)
What are you selling? Explore the neighborhood, look if there is competition in what you are offering as
Can you be competitive? In other words look at the rent, insurance etc. that this particular location requires, and then look how you have to price your product or services in order to come out with a profit at the end, and once you have determined that test your pricing with surrounding similar stores' pricings, in other words will you be able to be competitive....
I know this is just general information, and hopefully some one from your town who knows not only the building but also the area will be of help with further input!
Good Luck to you! Hooray for entrepreneurs and the courage to start something new!
Edith Karoline - YourRealtor4Life!
Working always in the very BEST interest of her clients
Your Chicago/Northern Illinois Connection and worldwide real estate services
2 words: Denial & Delusional.
Every condo buildings that don't adapt to demand and offer a huge price cut will follow the same path a the "Magic" Viridian:
Anyway, i asked the same question about RE prices in NY and realize after spending a few days on this forum that it's the wrong place to get unbiased answers about the current market.
Most answers you get from RE brokers hanging here are " Buy now or be priced out forever", " Now is the time to buy", "We're hitting the bottom"...
If you're a New Yorker and are a potential buyer, you may have realized that NY real estate prices are mostly driven by Wall street people & their bonuses. If you read the Talk section from http://www.streeteasy.com you'll get confirmation of what i'm saying. These same investors that have driven the prices up are now realizing that prices are coming down so fast that it may be time to unload to limit the damages. Not many of these people are gonna buy real estate this year, i tell you that.
Any broker telling you that the RE prices reached bottom is lying to you. For 2 properties selling they are 4 new coming on the market. Inventory is growing everyday and it's not being a genius guessing that prices still have a long way to drop until the market starts to become healthy again.
Personally, i'm on the side line and wait until i feel like seller give up resistance and accept my offer at 45% below peak price. You just have to be patient but this time will come.
Bump. Somethings have changed, but not much. There is still a massive divergence between the avg. price per square foot and all trulia listings. There is also a major discrepancy between the median sales price and all other numbers.
Can anyone explain these?... more