Good question. I am seeing this become common practice more in this current market. Sellers are either giving home warranties or closing cost credits during the sale of their home. This is not happening every where but is common.
The reason for the pricing difference is mainly due to the school districts being rated better in Verona, Middleton and Waunakee than the East side of Madison. Schools are a very important aspect in the home search processes, especially for families.
The East Madison side is nice and there are areas that are better than others. Most of the development and conveniences are on the west side of Madison. Sun Prairie is on the north east side of Madison and has pretty good schools and less expensive than the west side but more than the east side. Again, the reason is due to conveniences, but mostly due to good schools.
Jobs are easy to get here. Just stand in line, fill out the form, it is Easy Peasy. Do you want the executive suite or are you more the entrepreneurial type? Big monthly salary or huge annual bonus?
Will you work 3,4, or 5 days a week?
East Side Ghetto...right. Reel Truth might be a Fisherman. If only pants really did catch fire.
Madison is a great place to live.
In the current real estate market Seller are more willing to help Buyers with closing costs, home warranties, condo fees & even taxes. Every Seller is different and their motivation is different.
As real estate professionals we are not allowed to give our opinions on schools or neighborhoods.
Wisconsin has a great web site to research schools. ( http://dpi.wi.gov/). To learn more about neighborhoods, we suggest contacting the local police department, they will give you all the statistics so you can make a well informed decision on your home location (http://www.ci.madison.wi.us/police/).
As real estate professionals we think about reselling your home when we help you purchase it.. The more desirable the neighborhood the better resale will be. This is why buyers are willing to pay more for a home in other locations. Please visit our website to search all homes in Madison and surrounding areas or call us at 608-770-1140.
Donna & Dan
If you like older homes that have been updated along with proximity to the lake, co-op and lots of restaurants the near east side is great. If you need a larger, newer home in an up and coming area then the west side is good as well. It really is about what type of home and location you like.
Hope this helps!
I would also advise you to find the census information at http://www.census.gov/ with demographics, crime statistics, etc. to help you decide where you would like to live and send your children to school.
It's a personal, financial, & where you may work that usually influences someone what neighborhood they want or can afford to live in. The best way to decide what the schools are like in an area is to visit them personally yourself. Take the time to do this with your children and you may be able to get your best fit from their reaction to the school. Hope this helps!!