Home Buying in Madison : Questions & Answers

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Alex Saloutos, Real Estate Pro in Madison, WI
Alex Saloutos answered:
Is Odana Rd. noisy?
I lived on Odana Road for about 15 years and didn't have any problem with the noise. With issues like this it is best to visit the property and see for yourself. What may be an issue fo ... more
0 votes Share Flag Wed Apr 30, 2014 Home Buying in Midvale Heights
Eric D. Lenz, Real Estate Pro in Wisconsin
Eric D. Lenz 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?
If you have enough equity in the land, that can be your down payment. Good luck!
0 votes Share Flag Sat Jan 18, 2014 Home Buying in Madison
Judy Braund, Real Estate Pro in Madison, WI
Judy Braund answered:
If a house is being bought and I know major things is wrong that the eye cannot see,should I point it out? (Not my home)
Are you the Realtor, friend, neighbor of the owner of the property? If you are the realtor, always be honest. If I was the Buyer, I would want to know. You may have to prove how you kn ... more
0 votes Share Flag Mon Feb 18, 2013 Home Buying in Madison
Ruth & P…, Real Estate Pro in 95030
Ruth & Perry Mistry answered:
Offer accepted on a new home, now partner about to lose his job. Afraid of being sued, what can we do before close of escrow next week?
Regret to hear of your situation.

You are not likely to get sued, but more likely to loose your Earnest
deposit, in the event you have removed all your contingencies.
If you have n ... more
0 votes Share Flag Mon Feb 18, 2013 Home Buying in Madison
Shanna Rogers, Real Estate Pro in Murrieta, CA
Shanna Rogers answered:
Who should pay for what... Mold found in attic and ice damming along the gutters was found today during our home inspection
Hi Janelle,

You can always ask the seller to complete the repairs (in writing) but they don't have to. Talk to your Realtor about requesting repairs. If you ask and the seller says ... more
0 votes Share Flag Mon Jun 17, 2013 Home Buying in Madison
Dave Mays, Real Estate Pro in Verona, WI
Dave Mays answered:
I am moving from Salt Lake City and would like to know what is the average monthly cost of utilities, water, cable, etc. in Madison, WI?
Tim,

Utilities (gas & electric) and water all depend on usage, but if you're one person as opposed to a 5-member family, a good estimate for those would be $150/month. Add in phone, ... more
0 votes Share Flag Tue Feb 12, 2013 Home Buying in Madison
Rick Lyngaas, Real Estate Pro in Madison, WI
Rick Lyngaas answered:
I am interested in any information or opinions on the Weston Place Condos near Hilldale.
Hi Kim: There are units available in Weston Place, some on the resale market and some brand new. What kind of information are you specifically looking for. I am happy to gather whatev ... more
0 votes Share Flag Tue Feb 12, 2013 Home Buying in Madison
Karen L. Berg…, Real Estate Pro in 53704
Karen L. Berg, Abr, Sres answered:
We moved from california to Wisscosin. how can i find a 3 bed room house near to commercial Ave Zip Code 53714?
If you are looking to purchase a home, the search area for that zip code is "E05". I would be happy to pull up listings and send them via e-mail, if you are interested. Thank you.
0 votes Share Flag Sat Feb 2, 2013 Home Buying in Madison
Tom Mikel, Real Estate Pro in 53716
Tom Mikel answered:
If you have two different properties, can you short sell one and keep the other without the bank going after the one you are residing at?
While we are all real estate professionals, this is a question that you need to present to your attorney.
0 votes Share Flag Tue Oct 9, 2012 Home Buying in 53713
Seth Peterson, Real Estate Pro in Madison, WI
Seth Peterson answered:
Looking for a south central Wisconsin buyer's agent willing to work for an hourly fee. Cash retainer upfront; travel time paid.
In Wisconsin, it is typical that a Buyer does not pay the Buyer's Agent commission. So I don't think you need to work out a contract like you are talking about. Feel free to ... more
0 votes Share Flag Sat Sep 8, 2012 Home Buying in Madison
Bill E, Home Owner in Madison, WI
Bill E answered:
Making an offer
What does your Realtor's research indicate?

If you don't have one, this is why you need one. Preferably YOUR realtor is YOUR Realtor and not the Listing Agent.

Sure, the averag ... more
0 votes Share Flag Thu Jul 26, 2012 Home Buying in 53713
Eric Reusch, Real Estate Pro in Dane County, WI
Eric Reusch answered:
I am a real estate investor and wondering what zip codes in the Madison and surrounding areas are selling the most houses and at what price?
Hi Jocelyn, great question. We beak down the Madison market into smaller areas than that, If you give me a little more info on what you really want, I'll send you all the data you ... more
0 votes Share Flag Wed Nov 14, 2012 Home Buying in Madison
Mike Collins,…, Real Estate Pro in 53545
Mike Collins, 608-921-8536 answered:
Are there any 3-4 bedroom homes with rent to own options in the Verona school district area?
Dear Ms. Winberry,

There is one home that matches that criteria. Visit the link below for further information. Let me know if I can assist you further!
0 votes Share Flag Thu Jul 19, 2012 Home Buying in Madison
Brent Dorner, Real Estate Pro in Sun Prairie, WI
Brent Dorner answered:
i am considering buying a house on coolidge ave. is it a safe family neighborhood.?
Hi Jake,

If your asking for a Realtor's opinion we are not allowed to answer such questions. I would contact the local police department and see what they think, ask them how many a ... more
0 votes Share Flag Tue Feb 12, 2013 Home Buying in Eken Park
Alex Saloutos, Real Estate Pro in Madison, WI
Alex Saloutos answered:
Are there any homes in Dane County willing to enter into a land contract or rent to own option? Cottage Grove or Sun Prairie area, 4 Bed.
There are seven home with four bedrooms currently listed for sale in Dane County that offer a land contract. If you would like me to e-mail you information on these homes, please let me ... more
0 votes Share Flag Wed Mar 6, 2013 Home Buying in Madison
Judy Braund, Real Estate Pro in Madison, WI
Judy Braund answered:
1) What's a reasonable offer on an REO? 2) How likely is it that my school will be redistricted?
Hi Amy, The price you offer for a REO home depends on a number of things - the location, quality of the home, size, how long it has been on the market, etc. I like to do a Comparative M ... more
0 votes Share Flag Tue Jul 3, 2012 Home Buying in Madison
Rob Hughes, Real Estate Pro in West Chester, PA
Rob Hughes answered:
How does earnest money factor in to securing your offer from a seller?
Dreamer, money is what holds it all together. In addition if your deposit is large enough you would be sending a subliminal message to the seller/owner you are a serious, pre-approved a ... more
0 votes Share Flag Sun Jan 22, 2012 Home Buying in Madison
Marge Tessner, Real Estate Pro in Wisconsin
Marge Tessner answered:
Buying a home near an elementary school in the Madison area, is it going to affect the resale value of this home?
It's a little bit of a mixed bag. In general, though, I would say that living within walking distance of an elementary school is often a good thing. If the next buyer doesn' ... more
0 votes Share Flag Wed Jan 4, 2012 Home Buying in Madison
Bern Mcgovern, Real Estate Pro in Los Angeles, CA
Bern Mcgovern answered:
Buying a home near an elementary school in the Madison area, is it going to affect the resale value of this home?
It shouldn't affect it too much. Yes, it may be a little less desirable then one that's a few blocks away from the elementary school but chances are the way the housing market ... more
0 votes Share Flag Wed Jan 4, 2012 Home Buying in Madison
Margie Casey, Real Estate Pro in Florida
Margie Casey answered:
My father in law suggested we use only the selling agent when buying a home for more wiggle room in price b/c of commissions. True/false?
Dear Paul,

Your thoughts make financial sense however the selling agent typically represents the Seller and NOT YOU. The agent in most states is not authorized to conduct themselves ... more
0 votes Share Flag Wed Dec 11, 2013 Home Buying in Madison
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