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53705 : Real Estate Advice

  • All4
  • Local Info0
  • Home Buying1
  • Home Selling3
  • Market Conditions0

Activity 176
Sat Nov 20, 2010
Susan Goldy answered:
If you know what price you want to ask, you simply inform the agent that you are working with about the price change. If you are unsure about how much and when you should implement a price change, you should seek the advice of a professional Realtor in your area. If you have concerns about the agent you are dealing with, call the managaer or owner/broker directlly of the agency.
Best regards,
Susan Goldy
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0 votes 4 answers Share Flag
Thu Aug 29, 2013
Anna M Brocco answered:
It's unclear if you're in contract--if you just have an accepted offer and no contract exists--yes they can pull out--but if you have a contract then a different story. What is your Realtor advising you to do--if you don't have a realtor and are in contract, contact any attorney specializing in real estate.

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0 votes 7 answers Share Flag
Tue Dec 29, 2009
Mack McCoy answered:
Mon May 31, 2010
Sue Larson Stark answered:
The Greentree neighborhood like every neighborhood has very good family friendly areas to live and areas that have had some challeges. I always recommend to my buyers to check with the local police station to get copies of warnings, arrests, etc. That way you can make an educated decision based on your current family needs. For the Greentree area you would want to contact the West Side Police Station. If there any other questions you may have please feel free to contact me anytime.

Sue Stark,
First Weber Group
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0 votes 2 answers Share Flag
Fri Dec 18, 2009
Seth Peterson answered:
I would say that in general, split level homes tend to be less valuable than other types of homes (ranch, 2-story, etc). But to your point, I do think that exposed basement square footage is more valuable than unexposed.

If you are trying to figure out the value of your home, you need to look at comparable homes (other split level homes in the neighborhood) that have sold recently. That is really the only way to get a good idea of what your house will sell for in today's market. Let me know if you would like to meet to discuss your home's value.
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0 votes 2 answers Share Flag
Sat Aug 26, 2017
Bill Eckler answered:

Today's buyers, regardless of the geographical area, are informed, intelligent, and expect to find value with their purchase of a home today.

Upon entering a home, buyers initially look around an come up with their first impression of the home but almost always gravitate to the kitchen area where family members spend a great deal of time(that goes far beyond meal time). For many, THIS is the most important area of the home.......

People expect to find up to an up to date kitchen work area that includes, appliances, lighting, flooring as well as cabinets and counter tops. Additionally, most buyers expect to find some sort of solid surface counter, corian, stone, granite etc. are among the most desirable.

Our recommendation is to not view this decision as one that increased the value of your home but one that will improve the overall sale ability of your home. Hopefully, by making the decision to do the right improvements, it will allow your home to make a statement that will attract buyers.

Best wishes with your decision.

The Eckler Team
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0 votes 11 answers Share Flag
Tue Jun 1, 2010
Amber Huemmer answered:
Hi Scott,
If your plan is to be moved in by the end of May, I would suggest haveing an accepted offer Mid-March through Mid-April. Of course, every home seller has a different scenerio as to when they need to be out as well. I would be happy in the meantime to complete a search directly from the MLS and send you homes that meet your search criteria. I'm happy to answer any questions that you may have about the home buying process and/or about the Madison area! ... more
0 votes 11 answers Share Flag
Tue Nov 10, 2009
Greg Knox answered:
You usually will be forced to keep the pmi in place for 12 months, but yes, it is a great option. Much better than FHA if you qualify (you don't lose the upfront mip).
0 votes 5 answers Share Flag
Wed Oct 14, 2009
Charlie Wills answered:
Dear Carla,
If you are not married then you can purchase the home and the credit can go on your individual tax returns. Please check with a tax advisor for a true picture of what you can and can't do but below are the rules for the tax credit.

Here is another good resource and faq area:

First-Time Home Buyers Only

* You are considered a first-time buyer if you have not had any ownership interest in a home in the three years previous to the day of the 2009 purchase.

Income Limits

* Home buyers who file as single or head-of-household taxpayers can claim the full $8,000 credit if their modified adjusted gross income (MAGI) is less than $75,000.
* For married couples filing a joint return, the income limit doubles to $150,000.
* Single or head-of-household taxpayers who earn between $75,000 and $95,000 are eligible to receive a partial first-time home buyer tax credit.
* Married couples who earn between $150,000 and $170,000 are eligible to receive a partial first-time home buyer tax credit.
* The credit is not available for a single taxpayer who’s MAGI is greater than $95,000 and married couples with a MAGI that exceeds $170,000.

Local Restrictions

* The home must be located in the United States. Property located outside the U.S. is not eligible for the credit.

Effective Dates for the Tax Credit

* To qualify, you must actually close on the sale of the home on or after January 1, 2009 and before December 1, 2009.
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0 votes 3 answers Share Flag
Tue Mar 5, 2013
George Demon answered:
You have a very large inventory to choose from with the abundance of condo's available in the Madison area. My first recommendation would be in the Fitchburg area and in fact I will be holding an open house in a very nice condo that is truly immaculate and very competitively priced... ready to move in type condition in an established area that has held the market value quite well even in this downturn. Another option might even be in downtown Madison depending on where your family is located in the Madison area.

My major comment would be to look for completed condo projects rather than any project that is still being developed since if you did elect to sell in the next couple of years you would not be competing with the builder whose first priority would be to sell the remainder of the project etc.

Would be please to provide a variety of condo's for you to review if you would simply send me an e-mail at or call me at 608 334 1580 at your conveninence. Would be pleased to provide some additional information rather than simply a MLS listing specifications .. but again... depends on what would be convenient or close to your local family.

Believe you have a great idea about having somewhere to stay when you visit... in many ways would be easier on everyone plus providing everyone that "emotional space" that sometimes is needed.

Jon Fabri
608 334 1580
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0 votes 5 answers Share Flag
Sat Feb 13, 2010
Bill Eckler answered:
We often tell customers with this type of concern that they should invest some time is visiting the neighborhood for evening walks and take advantage of the opportunity to visit with other residential strollers. It's amazing the information that can be may also help you get a more accurate feel for the community. ... more
0 votes 6 answers Share Flag
Mon Nov 30, 2009
Debra (Debbie) Rose answered:
Hi Dewdew
I wish I had a dollar every time this situation and question appeared on trulia! It seems to be a common occurance that pops up frequently.

First, you are not obligated to work with the listing agent. You may work with her if you so choose. She shoud have explained to you when you first met, that she would be working with you as a dual agent. Did you sign any agreement with her? if not, then it is even easier for you to work with the first agent.

As far as the commission is concerned.............that is an issue that would be worked out between the brokers. it is not a slam dunk that the listing agent woiuld absolutely get the whole commission, or even part of it. It is not a legal issue, but one that is handled through the different companies or through arbitration if necessary - not through the court system.

it is a sticky situation to use and see a property with 1 agent, and then decide to write an offer with another agent. Did you tell the listing agent you wanted to work with another agent ?

Disclosed dual agency is very commonly practiced in NJ. I am not sure how it is handled in that might factor into your decision. In my area, if I showed my listing, and wasn't told that the buyers had another agent (who was away), I'd expect them to pursue that particular home with me...... they would be properly represented. I always ask first if the buyer has another agent. At least that way it is clear, and there are no last minute surprises or awkward situations.

Do what you are comfortable doing.
Many agents here will respond that you should only have a buyer's agent represent you, as this is a hotly debated issue..........the final choice is up to you.

Since, unless I am mistaken, you didn't seem to have any established relationship with the 1st agent, I see no problem with you pursuing this home with the listing agent who took her time to show you the home.

It's your decision to make. Do what you feel most comfortable doing.

Best wishes...
Debbie Rose
Prudential NJ Properties
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0 votes 16 answers Share Flag
Sat Feb 21, 2015
Mark Gladue answered:
I would be more than happy to send you a breakdown of each listing to show you who has sold what in the Fitchburg area. If you would like to send me the specifics of your home in Fitchburg I can narrow down which agents have sold the highest number of comparable properties.

I can be reached at or feel free to call me at 608-239-5593. Thanks for your time.

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0 votes 7 answers Share Flag
Mon Sep 21, 2009
Justlooking30 answered:
Addendum to the above question, to add insult to injury, the SAME DAY that we were turned down from seeing the 208k house, they dropped the price to 199k. I think we would have been in a MUCH stronger position if it turns out we liked the house and wanted to submit a offer without him talking to the listing agent beforehand. (Ran into character limit or would have included)

I’d like to include that my agent has been a very good resource prior to now, and I really don’t want to change horses this late in the game. I’d just as soon not let him go, but I don’t want to keep second guessing him either.
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0 votes 4 answers Share Flag
Mon Sep 21, 2009
Mark Gladue answered:
Just Looking,

Here is a link to all of the answers you will need. Have you found the home yet? If not, let me know how I can help.

Mark Gladue 608-239-5593
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Sat Aug 29, 2009
Kristi Ross answered:
You will hear various opinions of what has been "hard" for this market. In comparison to what the media has put out there nationally, Madison has faired well. In comparison to another part of the state, that is more area by area, even neighborhood by neighborhood. The best thing to do is know how it has affected you and your situation.

If you are in need of selling, have a REALTOR complete an analysis for your property to know the current value in the market place. At that time, also assess how your area and neighborhood has been affected. If you are looking at buying, see what the prices in the neighborhood have been doing.

Hope that helps. I would be happy to help you and answer any questions that you may have.

Kristi Ross
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0 votes 1 answer Share Flag
Mon Nov 17, 2014
CCC answered:
A Realtor could provide a CMA (Comparative Market Analysis) on the property you are buying.
It will compare that property to others that must be similar in Sq Ft, bedrooms, bathrooms, garage, etc, etc, etc. ... more
0 votes 11 answers Share Flag
Fri Aug 14, 2009
Abe Mills answered:

That depends on how the contract is written, and what kind of agreement you come to. If nothing is mentioned about closing costs, then yes each party pays their own closing costs.

Good Luck!
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0 votes 3 answers Share Flag
Tue Oct 29, 2013
Linda S. Cefalu answered:
If you do not need the profit from the sale of your home, then it might be worthwhile to consider.

The very simplified answer is, you require a certain percentage down payment, write up a land contract, buyers take possession of the home and if they default on the payment, in most cases they will lose their down payment in addition to the monthly payments made.

I am not well-versed on the subject, is there another agent who has more experience that is able to answer Susan's question?

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0 votes 8 answers Share Flag
Mon Jul 13, 2009
Chris Bennett answered:
Do you have any size requirements or a preference of House or Apartment? You can give me a call if you would like to discuss this.
0 votes 1 answer Share Flag
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