Mikey

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  • Home Buyer
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Mikey, in Wisconsin
  • 9 Answers
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Mikey's Questions (2)
Mikey's Answers (9)
Regina, Home Buyer in Madison

I will move within a few months with 3 teenagers to Madison area near best school area. Give me advice please.

Asked Mon Oct 13 2008, 09:10 by Regina  -  Madison  -  Schools  -  7 answers
Mikey answered:
Much of the infomation you want may also be available at the Wisconsin Dept. of Public Instruction website.
http://dpi.wi.gov/sig/index.html - Mon Oct 13 2008, 21:04
RKB, Home Seller in Madison

What are the options for sellers who owe more than their house is now worth?

Asked Sun Aug 24 2008, 18:37 by RKB  -  All locations  -  Market Conditions  -  14 answers
Mikey answered:
"Is there any way to get out of the situation without having to exhaust savings and/or declare bankruptcy?"

You shoud contact a lawyer to find out if the mortgage company has any recourse to go after your savings if you have a short sale for let them foreclose.

Second, you should contact your senate and congressional delegation and ask them why they approved a housing measure to "forgive" the difference for short sales for persons who bought with no money down and punishes persons such as yourself who have been fiscally prudent and saved. - Thu Aug 28 2008, 08:47
RKB, Home Seller in Madison

What is the average days on the market in Madison, WI, and what has the trend been over the last 12 months?

Asked Sun Aug 24 2008, 09:07 by RKB  -  53719  -  Market Conditions  -  6 answers
Mikey answered:
If two houses are equal, it comes down to price. Supply and demand dictates as inventory increases and sales decrease prices must fall to generate demand.
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There at least two concepts of values in play here – the value you place on the house as a seller and the value placed on the house by a buyer. If the buyer places the same, or higher, value on your property as do you, you have a sale. If not, no sale.
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It’s not the unemployment rate, but the rent vs own ratio. Most realtors in Madison are saying everything is great and there was no bubble, yet prices in Madison seem to have increased 87% over the past ten years?
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I seem to be missing something - you state you are priced well below assessed value, but it appears to be you are priced at assesed value? - Wed Aug 27 2008, 11:35
RKB, Home Seller in Madison

Do buyer incentives help?

Asked Sun Aug 24 2008, 12:26 by RKB  -  All locations  -  Home Selling  -  7 answers
Mikey answered:
No, I would prefer the price be lowered. Another local company advertises "preinspected" to which I automatically subtract 1%, as I assume it was figured into the asking price.

Also, the buyer may need to disclose incentives as it may impact their mortgage. - Mon Aug 25 2008, 19:51
Mikey, Home Buyer in Wisconsin

How many subdivisions are there in the area borded by Hwy M on the west, McKee Rd to the north, and Verona?

Asked Mon Jun 23 2008, 19:10 by Mikey  -  53719  -  Home Buying  -  7 answers
Mikey answered:
RKB - Actually, I like your listing, the main problem being the streets both front and back (I looked at one of your questions and the listing sounded really, really familiar).

The problem I see is you can buy an almost identical new house for 229K very close to you. There are just a lot of houses in the area for sale in your price range.

Technically, the number of subdivisions do not matter - I've just always had a hunch Veridian arbritarily created 5 block by 5 block subdivisions for adversing purposes. It looks like many are under the same overall covenant, so the whole area might just as well be one subdvision. Strangely, no realtor seems able to answer either.

FWIW I like your agent and he has always struck me as very truthful and above-board. - Mon Aug 25 2008, 19:46
Mike E -

Sorry, you are not quite correct with your assumption. I am not a realtor, merely an amateur - but an informed consumer.

Just respectfully curious as to why you feel I am a "Janesville Realtor with all the answers?" - Sat Jul 12 2008, 16:20
Billy,

Do you have any actual answers to my questions regarding number of single family homes and number for sale?

Are you volunteering to post the answers to the questions you raised? - Sun Jul 6 2008, 13:46
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