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So
that everyone has a fair opportunity to purchase publicly owned land, and in
the interest of growing our neighborhoods, we do not sell on a speculative
basis. Lots are sold for new home construction and owner occupancy.
If you are ready to build, we are ready to sell.
Here's how it works:
1. Select Your Lot
Look at the City’s lot inventory:
-
Current List for Homeowners Only. Offers
are due at 2:00 P.M. on October 30, 2008. View in
list
format or in
map
format.
-
Extended List.
Offers are received on a first come basis with a 24 business hour hold for
receipt of additional offers. The 24-hour period will commence with
the date stamp by DCD Real Estate during regular business hours.
Regular hours are 8:00 a.m. to 4:45 p.m. Monday through Friday, excluding
City holidays. View in
list format or in
map
format.
2. Find
a Builder -- Design Your Home
· Milwaukee's
New Home Catalogue
· Find
an experienced homebuilder and prepare your house plans
Ø
A good
resource is Metropolitan Builders Association
Ø
Ask if your
builder has experience building in urban neighborhoods with narrow lots and
impacted subsoil conditions.
Ø View
City-Certified Model Homes by private
builders
· Design
a home that is appropriate for the lot and the neighborhood. Pay attention
to:
Ø
Traditional
House Design Standards
Ø
Zoning Code
Ø
"Green" Your Milwaukee House
3. Prepare your budget
· Work
with your builder to prepare an affordable budget that works for your
project
· Avoid
surprises by reserving in your budget or by making sure the following costs
are included in the
contract with your builder:
Ø
$5,000 to
$10,000 for additional excavation and soil disposal trucking fees since most
City lots contain old foundations
Ø
$8,000 for
sewer and water lateral connections to city utilities in the street
Ø
Costs for
tree removal or utility pole relocation
These are approximate costs as of
September, 2008. Your costs may
vary. Understand what is covered in the
contract with your builder and
what costs you may be responsible for.
4.
Obtain a prequalification letter for your budgeted
costs
5. Submit Your Offer
Ø
Read the
offer carefully for expiration and performance dates, buyer policies, sale
terms and conditions and City disclosures
Ø
Make sure all
blanks are completed
Ø
No broker is needed and the City will not pay any brokerage fees
-
Attach your mortgage
prequalification letter
-
Submit the house
elevations and a site plan if available for DCD approval.
(Certain lots may require plan submission with the offer, see
the listing sheet.) If you do not have plans yet, you must submit
them in 30 days of offer acceptance.
DCD will accept your offer if the offering price is
reasonable, your plans are compatible with the neighborhood and our design
standards and you do not violate the City Buyer Policies.
6. Work on Your Final
Plans
· Obtain
DCD plan approval if plans were not submitted with your offer
· Apply
for a building permit with DCD’s Development Center for the approved design
7. Close on the Lot
Closing must happen
within 120 days of offer acceptance. Contingencies include
submission to DCD of the following:
·
Building
permit for the approved design
·
Executed
construction contract
·
Final
financing with no contingencies and/or evidence of equity that matches your
contract
The City will convey by Quit Claim Deed on an “as is,
where is” basis
The City will provide title
insurance if the sales price is $5,000 or
more
8. Start Building!
· Construction
must start within 15 days of closing
· You must
finish building and landscaping within 9 months of closing
9. Move In.
The City has many success
stories about new home building. Click
here to see how Lisa and Alan
Goodman built their new home in Lindsay Heights.
Questions?
If you are unsure about the
appropriateness of your plans in terms of lot size or design, call us at
414-286-5762 before submitting your offer |
