53705 : Questions & Answers

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Beth J. Boei…, Real Estate Pro in Madison, WI
Beth J. Boeing, GRI, CRS, ABR, E-Pro answered:
If I purchase the home at $250,000 and get a building permit, will my assessment work itself over $350,000?
Hi Mary,

It depends on what the Assessor thinks about the value of the improvements you make vs other like kind properties in the area.

Very best,
Beth
0 votes Share Flag Mon Oct 11, 2010 Home Buying in Madison
Jim McCowan…, Real Estate Pro in Arlington, VA
Jim McCowan (703) 395-0166 answered:
An investor purchased a home in my area for rental. He has over 90 properties. I was told that someone cannot have more than 10 homes. What is true?
I din't think there's ever been a restriction on how many properties an individual can OWN. What they do with them may be a different story. You can always check with your l ... more
0 votes Share Flag Fri Nov 19, 2010 Rentals in Madison
Dr. James To…, Real Estate Pro in Madison, WI
Dr. James Todd, DCH & Assoc. answered:
what high school will children go to if live there.?
Hello Tommie,

I believe that would be West High School, located at 30 Ash St.

Jim
0 votes Share Flag Fri Aug 20, 2010 In My Neighborhood in 53713
Bill E, Home Owner in Madison, WI
Bill E answered:
I'm interested in a home in the Comanche Way area of North Madison. Any advice on why there are so many homes for sale there? Makes me
are you working with a Realtor?


They can shed some light on the neighborhood. There are lots of houses for sale all over the place. Some neighborhoods more than others, some for ... more
0 votes Share Flag Thu Sep 30, 2010 Home Buying in Madison
Bill E, Home Owner in Madison, WI
Bill E answered:
I am looking to buy a home as much as $80,000 below a 2009 assessment. Will I be able to lobby for lower taxes on the property?
Yes...and no.

You can't get an adjustment for this year. However, next year you can request a lower assessment when you receive the little card from the City of Madison Assesso ... more
0 votes Share Flag Tue Aug 17, 2010 Home Buying in Madison
Loan Getter, Real Estate Pro in Dane County, WI
Loan Getter answered:
We are considering purchasing a duplex as our first home.We plan to be in this area for about 2 years.
Good afternoon, my name is Tim Anthon and I am a Loan Officer for Bank of America. I would like to advise you on your options for the purchase of the duplex. You do have an option of go ... more
0 votes Share Flag Sat Sep 11, 2010 Home Buying in Madison
Judy Braund, Real Estate Pro in Madison, WI
Judy Braund answered:
In selling my house, I am not getting as many people looking as I think that I need to sell my house this summer. How low do I need to go?
Unfortunately, it is a Buyer's market. You are competing with foreclosures, short sales and other very
negotiable and motivated sellers. Your agent can do a comparable market ana ... more
0 votes Share Flag Thu May 26, 2011 Home Selling in 53705
Jenny Persha, Real Estate Pro in Madison, WI
Jenny Persha answered:
Is it an advantage or disadvantage to have your buyers agent also be the listing agent on the property you're looking to purchase?
You should want a buyer's agent. If your agent is acting as a subagent (the listing agent also working with the buyer), you can expect to be treated honestly, but the subagent owe ... more
0 votes Share Flag Fri Dec 31, 2010 Home Buying in 53703
Christine Mo…, Real Estate Pro in Wilbraham, MA
Christine Moran Realtor/Notary answered:
Can a landlord end cancel your lease before you move in?
Depends on your contract. Contact a lawyer for a free consultation you might be able to get damages.
0 votes Share Flag Thu Jun 10, 2010 Rentals in Madison
Joseph Domino, Real Estate Pro in Scottsdale, AZ
Joseph Domino answered:
Can a buyer ask for a reduced price after reviewing the results of an inspection?
While the rules are slightly different in each area, if it is repairs you are seeking you should ask for repairs. Asking for a lower price is in effect reopening negotiation and change ... more
0 votes Share Flag Tue Jun 1, 2010 Home Buying in Madison
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
Guy Gimenez…, Real Estate Pro in 78704
Guy Gimenez ABR, CRS, GRI answered:
"We Buy Your House For Cash" Is this a good way to sell my house?
As long as you're not planning on getting retail price for your home, this may be a good way to sell. Investors typically pay approx. 70% of a home's market value when paying ... more
0 votes Share Flag Thu May 27, 2010 Home Selling 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 Franklin, 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
Voices Member,  in
Voices Member answered:
We have an accepted offer on a $335,000 home in Madison however are finding difficulty in securing a mortgage. The issue is his credit score which
Hi Help, your best bet may be to look into securing the mortgage in your name only. Depending on the split of the $128K income and what your liabilities are on the credit report you ma ... more
0 votes Share Flag Thu Aug 19, 2010 Financing 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
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