Home Buying in Madison : Questions & Answers

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Mortgage Ran…, Real Estate Pro in Dallas, TX
Mortgage Ranger answered:
Me = stable job, wife = better job after work history gap, both = excellent credit, how does it affect preapproval?
Thanks for your post & congratulations on your decisions to purchase a home. You by yourself is in great shape as you can demonstrate two years of work history. As for your wife was she ... more
0 votes Share Flag Mon Oct 27, 2014 Home Buying in Madison
Michael Rest…, Real Estate Pro in Madison, WI
Michael Restaino answered:
Snow removal, lawn care, water utilities included?
Are you looking for a condo? There are often condos that include these types of services in their monthly HOA fees.
0 votes Share Flag Mon Oct 6, 2014 Home Buying in Madison
Eric Reusch, Real Estate Pro in Fitchburg, WI
Eric Reusch answered:
What rent could I charge for a house on Craig ave. madison wi
Maggie is correct. Until more units are sold off by the 2 major owners, you would be in violation of the current rules and regulations if you tried to be an absentee owner. Other than t ... more
0 votes Share Flag Wed Aug 13, 2014 Home Buying in Madison
Meta, Home Buyer in Madison, WI
Meta answered:
I currently pay $1775/mo for rent and in the Meadowlands subdivision and really need to purchase my own home. Can anyone advise where to start?
Wow, I'm completely overwhelmed. Being a first-time homebuyer had no idea you should be pre-approved before even looking for a home, but it all makes sense.

Thanks to all of you who ... more
0 votes Share Flag Fri May 16, 2014 Home Buying in Madison
Rachel Bernh…, Home Seller in Madison, WI
Rachel Bernhardt answered:
My home at 5121 Flad Ave (Westside of Madison) is for sale by owner. Buyer's agents are welcome.
will be on the MLS by the end of this week. I recommend HomeReward. Lori has been great and helpful to charge me a fair flat fee to get it on there. I appreciate her service.
0 votes Share Flag Thu May 15, 2014 Home Buying in Madison
Bart Baker, Real Estate Pro in 53719
Bart Baker answered:
We are about to make an offer on a home and need help deciding a fair price. Our buying agent has not
Kallie, I fully agree with the email below. My job is to guide my clients through the process by providing recently sold comps, current listings in the area and explain what is happeni ... more
0 votes Share Flag Tue May 13, 2014 Home Buying in 53704
Laurel Jenki…, Real Estate Pro in Madison, WI
Laurel Jenkins answered:
With the high rent I pay $1750/mo, owning my own home is the answer. But I don't know where to start. Suggestions please?
I work with a lot of first time homebuyers. It may be good to sit down with a Real Estate Agent and talk about the homebuying process. You also want to get pre-approved by a lender to d ... more
0 votes Share Flag Thu May 1, 2014 Home Buying in Madison
The Yoo Team, Real Estate Pro in 53590
The Yoo Team answered:
Is Odana Rd. noisy?
Even though Odana is a major thoroughfare on the west side, in that context, it is not that noisy. Now, will it compare to a more secluded house in a tucked away neighborhood? Of course ... more
0 votes Share Flag Wed Apr 30, 2014 Home Buying in Midvale Heights
Randy & Vicki…, Real Estate Pro in Punta Gorda, FL
Randy & Vicki Biehl answered:
How do i find out who owns the home?
As a general rule if you go to the county's property appraisers website and enter the address you can see the property information including the owners name, taxes etc...
0 votes Share Flag Wed Apr 30, 2014 Home Buying in Madison
Paul, Real Estate Pro in Dane County, WI
Paul answered:
We are submitting an offer on a property without a buyer's agent. If it is accepted what are our steps to get ready for closing. Obviously financing,
All of this for 1.5% of a transaction that didn't close?


If a Buyer's Agent couldn't save you 1.5% in actual money, they could very likely have improved your chances of closing, sa ... more
0 votes Share Flag Thu Apr 17, 2014 Home Buying in Madison
Mack McCoy, Real Estate Pro in Seattle, WA
Mack McCoy answered:
is it legal or even ethical for a realtor listing a home to "taint" an offer by telling the buyer not to offer below a certain amount of money?
Is it legal or ethical to tell a buyer not to waste their time?

Yeah, I think so.

If you're insistent, then of course, the agent is required to deliver the offer.

All the best ... more
2 votes Share Flag Fri Jan 24, 2014 Home Buying in 53717
dediercole, Home Buyer in Raleigh, NC
dediercole answered:
Can I use the land as a down payment or collateral when building a new house? Or do I need the land and a down payment?
I wanted to know if I could use my raw land as collateral in Virginia as downpayment for a new home in
North Carolina;
0 votes Share Flag Sat Jan 18, 2014 Home Buying in Madison
Ben Anton, Real Estate Pro in Madison, WI
Ben Anton answered:
Why did the agent include a bigger commission and an extra fee ?
Say Hi to Charlie for me, if it is him. Likely the agent feels he is worth that and has his buyers are convinced so. You can counter it out, work it into the price or let him have it.
0 votes Share Flag Tue Jan 7, 2014 Home Buying in Madison
Leanna Shulk…, Real Estate Pro in 53705
Leanna Shulkin answered:
Property left behind by old owner, so who's property is it now
Hi Jeff,
Was the car there when you did your final walk-through? The owner should have removed it before the closing. Have your agent contact the listing agent to get a hold of the sel ... more
0 votes Share Flag Thu Jan 2, 2014 Home Buying in Madison
Linda Zivney, Real Estate Pro in Madison, WI
Linda Zivney answered:
Can someone please explain the REO process if a property does not sell at auction? Significant price drop on foreclosed home??
Great question!
When a property does not sell at the Sheriff's sae, it becomes an REO, Real Estate Owned by the lender.
The lender typically has the property appraised, winterized an ... more
0 votes Share Flag Wed Dec 18, 2013 Foreclosure in Madison
Seth Peterson, Real Estate Pro in Madison, WI
Seth Peterson answered:
If a home up for sheriff sale (in WI) has a $15,000 line of equity attached to the mortgage, is the NEW buyer responsible for paying it off?
you would be responsible for all liens on the property. you can contact a title company and pay for a title search prior to the auction, so you know all the current liens prior to plac ... more
0 votes Share Flag Tue Dec 17, 2013 Foreclosure in Madison
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