Home Buying in Madison : Advice

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Chris Bennett, Real Estate Pro in Madison, WI
Chris Bennett answered:
If I sign a counteroffer 1 day past the deadline is it still valid?
Do you have a 'Buyer Agency' agreement with a Realtor? They should be able to walk you through the details of the contract as related to the deadlines and contigencies. If you ... more
0 votes Share Flag Tue Jun 1, 2010 Home Buying in Madison
Joan Braunsc…, Real Estate Pro in Morris County, NJ
Joan Braunschweiger answered:
what are some of the reasons people will not buy a specific home.?
Rebecca,
Yes to all. It can be price, size, location, maintenance or that the house just does not fit.

I've had buyers who have rejected houses based on how they are oriented ... more
0 votes Share Flag Mon Dec 20, 2010 Home Buying in Madison
Don Tepper, Real Estate Pro in Fairfax, VA
Don Tepper answered:
where can I find information on houses available due to foreclosures or bank repossessed in madison wi?thanks
Check with a local Realtor. He or she will have a complete (or nearly complete) list of foreclosures/REOs that are now available.

Anything that's listed with be on your MLS. And ... more
0 votes Share Flag Mon May 10, 2010 Home Buying in 53703
Mark Gladue, Real Estate Pro in Madison, WI
Mark Gladue answered:
where can I find information on what houses have sold for in the near vicinity of where I'd like to buy.I am not using an agentThanks
You can use the city's website and look under property details if you are not going to use an agent. I would recommend using an agent as they can do all of the research for that a ... more
0 votes Share Flag Wed May 26, 2010 Home Buying in 53703
Linda S. Cef…, Real Estate Pro in Oak Creek, WI
Linda S. Cefalu answered:
Does a realtor get a portion of the closing costs?
"Closing costs", no. Commission, yes.

LInda
0 votes Share Flag Wed Apr 14, 2010 Home Buying in Madison
Amber Huemmer, Real Estate Pro in Cottage Grove, WI
Amber Huemmer answered:
What is the address for this listings, Morraine View Dr, Madison WI 53719, 3 br | 1 ba | 1,038 sqft | Income/Investment, $72,404?
Good morning,
I completed a search for you and there are currently no active available condos on Morraine View Dr. Where did you find this posting?
0 votes Share Flag Tue Apr 6, 2010 Home Buying in Madison
Pat and Steve…, Real Estate Pro in Westlake, OH
Pat and Steve Pribisko answered:
What do buyers looking to build wanting most in their homes these days? Sq. feet? Open floor plan? Split bedroom design? 2 story? Ranch? Other ideas?
It would help if you give a price range or ranges for this question.
0 votes Share Flag Sun Feb 14, 2010 Home Buying in Madison
Don Tepper, Real Estate Pro in Fairfax, VA
Don Tepper answered:
we are selling and the agent had us sign the contract without putting a price on the contract, said we would discuss the price to list it at last.
If you're selling, you can set any price you want to. I'm guessing she's recommending a lower price and you want a higher one.

I can't advise you about the law in ... more
0 votes Share Flag Sat Feb 13, 2010 Home Buying in Madison
Anna Brocco, Real Estate Pro in Nassau County, NY
Anna Brocco answered:
Can a seller pull home off the market after accepted offer?
It's unclear if you're in contract--if you just have an accepted offer and no contract exists--yes they can pull out--but if you have a contract then a different story. What i ... more
0 votes Share Flag Thu Aug 29, 2013 Home Buying in Madison
Mack McCoy, Real Estate Pro in Seattle, WA
Mack McCoy answered:
Is there a reason real estate agents focus solely on a CMA to estimate a homes value (either for sellers listing price or buyers offer price)? I
All of the things that you think are not used in conjunction with a CMA, are.
0 votes Share Flag Tue Dec 29, 2009 Home Buying in Madison
Amber Huemmer, Real Estate Pro in Cottage Grove, WI
Amber Huemmer answered:
I'm moving (back) to Madison at the end of May. When is a good time to visit for a trip to look at homes (for purchase)?
Hi Scott,
If your plan is to be moved in by the end of May, I would suggest haveing an accepted offer Mid-March through Mid-April. Of course, every home seller has a different scenerio ... more
0 votes Share Flag Tue Jun 1, 2010 Home Buying in Madison
Voices Member,  in
Voices Member answered:
I am a first time homebuyer and my fiance is not. We are using both incomes for the new mortgage. Any idea how much of the $8,000.00 tax credit we
Dear Carla,
If you are not married then you can purchase the home and the credit can go on your individual tax returns. Please check with a tax advisor for a true picture of what you ... more
0 votes Share Flag Wed Oct 14, 2009 Home Buying in Madison
Mike and Lin…, Real Estate Pro in Minnetonka, MN
Mike and Lindsay Strand answered:
6 year old house had three owners? why?
The number of sales in a given period of time is not necessarily an indication of an inferior property. But that's why inspection contingencies are always a wise investment. Depe ... more
0 votes Share Flag Sat Feb 13, 2010 Home Buying in Madison
Debra (Debbi…, Real Estate Pro in Livingston, NJ
Debra (Debbie) Rose answered:
Should I use the listing agent to buy a house?
Hi Dewdew
I wish I had a dollar every time this situation and question appeared on trulia! It seems to be a common occurance that pops up frequently.

First, you are not obligated to ... more
0 votes Share Flag Mon Nov 30, 2009 Home Buying in Madison
Justlooking30, Other/Just Looking in Wisconsin
Justlooking30 answered:
"Courtesy Calls" Preventing Showings?
Addendum to the above question, to add insult to injury, the SAME DAY that we were turned down from seeing the 208k house, they dropped the price to 199k. I think we would have been in ... more
0 votes Share Flag Mon Sep 21, 2009 Home Buying in Madison
CCC, Home Owner in San Diego, CA
CCC answered:
We are about to make an offer on a home and need help deciding a fair price. Our buying agent has not
A Realtor could provide a CMA (Comparative Market Analysis) on the property you are buying.
It will compare that property to others that must be similar in Sq Ft, bedrooms, bathrooms, ... more
0 votes Share Flag Mon Nov 17, 2014 Home Buying in 53704
Abe Mills, Real Estate Pro in Greenville, SC
Abe Mills answered:
Closing costs....does the seller cover all closing costs or just their's and the buyer cover?
Greg,

That depends on how the contract is written, and what kind of agreement you come to. If nothing is mentioned about closing costs, then yes each party pays their own closing cos ... more
0 votes Share Flag Fri Aug 14, 2009 Home Buying in 53704
Donna Hermsen…, Real Estate Pro in Madison, WI
Donna Hermsen & Dan O'Brien answered:
Is it common to hire a buyer's agent for building a new house?
Hello Kts,

YES! Building is much more involved than purchasing an existing home so I believe it is even more important to have a Buyer Agent. The builder (or his agent) are repres ... more
0 votes Share Flag Tue Aug 11, 2009 Home Buying in Madison
Valerie Wers…, Real Estate Pro in Madison, WI
Valerie Wersland answered:
Where do I start with a cash offer on a $400K home?
Hi,

The first place you should start with any purchase is finding a buyers agent. A good buyer's agent will be able to assess the home in comparison to recently sold similar propert ... more
0 votes Share Flag Mon May 18, 2009 Home Buying in Madison
Matthew A. B…, Real Estate Pro in Glendora, CA
Matthew A. Bartlett answered:
My mortgage lender wants a letter of explanation for inquiries on my credit report
Hi Tbomb4000,

This is not unusual for a lender to scrutinize your credit report. I would be honest with them in regards to the credit card inquiries and what your thinking was behind ... more
0 votes Share Flag Sun Jun 21, 2009 Home Buying in 53703
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