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- 10 Answers
- 3 Useful Answers
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About Me
I moved to Wisconsin in 1989 to attend the University of Wisconsin undergraduate program. Like many others, I've never left Madison after school. I love the vibrant, small city atmosphere that Madison provides and the quick access to the country and my hometown of Chicago. I became a Realtor in 2000 and licensed with Century 21 Affiliated. I picked this company because they treat their agents well, are supportive, and provide continual training. I love my job and am good at what I do.
Testimonials
"I strongly recommend Ms. Sophia Peranteau to anyone searching for a house, especially first time buyers. She is friendly, competent and thorough in her approach, as well as being a great negotiator."
Dr. W. Bement Fri Aug 17, 2007
Dr. W. Bement Fri Aug 17, 2007
"We had a very short period of time between the offer's acceptance and closing. Sophia kept the mortgage people on their toes and everything else in line as well. I plan on referring her to anyone who asks me for a great agent."
D. Christienson Tue Apr 22
D. Christienson Tue Apr 22
My Q&A
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Sophia Peran…'s Questions (0)
Sophia Peran…'s Answers (10)
Sophia Peranteau answered:
Dear Steve,
Go for it. I respectfully disagree with Lee's answer about tax assessment particularly in Wisconsin where assessment can be 100% of the home's market value depending on your municipality. Have a figure in mind of what you're willing to pay for this property based on repairs, neighborhood value, and your budget. Hopefully you are working with a good realtor who can help you determine these factors and good luck with your purchase!
Sophia
Go for it. I respectfully disagree with Lee's answer about tax assessment particularly in Wisconsin where assessment can be 100% of the home's market value depending on your municipality. Have a figure in mind of what you're willing to pay for this property based on repairs, neighborhood value, and your budget. Hopefully you are working with a good realtor who can help you determine these factors and good luck with your purchase!
Sophia
Sophia Peranteau answered:
Hi Joe,
Expect 30 days minimum for the bank to negotiate a short sale. There could be (and likely are) two mortgages on the property that need to be negotiated, plus a long list of items required by the seller or seller' agent including hardship letters, W-2's, estimated HUDs. Plus, remember that you are dealing with a corporate entity not an individual so the offer goes through several departments. Even then, the bank may ask the seller to contribute money at closing, which if they don't, can kill the deal. If you don't have the time or inclination to wait these things out, you may want to opt for bank owned properties - the deals are just as good and much less hassle.
Best of luck to you,
Sophia
Expect 30 days minimum for the bank to negotiate a short sale. There could be (and likely are) two mortgages on the property that need to be negotiated, plus a long list of items required by the seller or seller' agent including hardship letters, W-2's, estimated HUDs. Plus, remember that you are dealing with a corporate entity not an individual so the offer goes through several departments. Even then, the bank may ask the seller to contribute money at closing, which if they don't, can kill the deal. If you don't have the time or inclination to wait these things out, you may want to opt for bank owned properties - the deals are just as good and much less hassle.
Best of luck to you,
Sophia
Sophia Peranteau answered:
Dear Jeremy,
Great question! I agree with Michael's recommendation particularly in terms of reserve fund and exterior maintenance. In addition, here are some other tips: Ask to attend one of the monthly association meetings, a copy of the budget, and consider the age of the building & association. If the condo is an apartment conversion, I would pay particular attention to these details. Best of luck to you!
Great question! I agree with Michael's recommendation particularly in terms of reserve fund and exterior maintenance. In addition, here are some other tips: Ask to attend one of the monthly association meetings, a copy of the budget, and consider the age of the building & association. If the condo is an apartment conversion, I would pay particular attention to these details. Best of luck to you!
Sophia Peranteau answered:
Dear Sarah,
If I am representing a buyer, I show them any and all homes that match their criteria - flat fee, MLS listed, for sale by owners included. As Rob said, its simply unethical for us to steer our buyers away from a more "difficult" listing. That said, these are not the times nor the market to be using a discount brokerage - your home should be actively marketed by a professional, full service brokerage. Summer is in full swing, now is the time to get your home sold and closed before family vacations and the start of the school year. Good luck with everything.
Best regards,
Sophia Peranteau
If I am representing a buyer, I show them any and all homes that match their criteria - flat fee, MLS listed, for sale by owners included. As Rob said, its simply unethical for us to steer our buyers away from a more "difficult" listing. That said, these are not the times nor the market to be using a discount brokerage - your home should be actively marketed by a professional, full service brokerage. Summer is in full swing, now is the time to get your home sold and closed before family vacations and the start of the school year. Good luck with everything.
Best regards,
Sophia Peranteau
Sophia Peranteau answered:
Hi Gary,
Yes, I am definitely seeing more activity in homes priced under $225,000 in the Madison area. Showings have increased significantly since April, I've had 2 offers in the past 10 days and am experiencing the same scenario as Karen described with entry-level buyers on smartly priced homes. I think it is signaling the bottoming out of the housing market . Its a great sign and I'm thrilled!!
Yes, I am definitely seeing more activity in homes priced under $225,000 in the Madison area. Showings have increased significantly since April, I've had 2 offers in the past 10 days and am experiencing the same scenario as Karen described with entry-level buyers on smartly priced homes. I think it is signaling the bottoming out of the housing market . Its a great sign and I'm thrilled!!
Specialties
I specialize in working with graduate students and professors at the University of Wisconsin-Madison, relocating buyers, and first time home buyers.
Experience
Latest:
Realtor for Century 21 Affiliated
April 2000—present
Certifications & Awards
2007 Masters Ruby Achievement Award
2006 Top 10 Producer Award
2005 Top Buyer Agent Award
2006 Top 10 Producer Award
2005 Top Buyer Agent Award
Interests
Gardening, home staging, horses, entertaining, traveling, reading
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