Assessed Value: What Home Buyers Need to Know

Power Saver loans were launched by the FHA in early 2011, but the program was later discontinued. Some lenders have continued to offer programs to assist homeowners with energy saving projects. Check with your lender to see what might be available.

If you are planning to finance your Madison home or any home for that matter and you want to know a little more (or a whole lot more) about what to expect, then this primer may help you out. Find out the difference between a Pre-Qual letter and a Pre-Approval letter and how both are quite different than a Commitment Letter…the thing that can remove your financing contingency. Understanding what these things are and what they mean to you, your bank or credit union and your seller is a good first step. Questions? Read on…

If you want to finish the “race” to buy your new home, you need to start at the starting line. That your preapproval, which you can get shortly after meeting with you loan officer. Find out exactly what you can spend and then spend your time finding exactly what you want!

FHA financing may be key for Madison, WI home buyers with less than 20% to put down. There are many advantages to FHA financing like a down payment as low as 3.5%. There are some limitations but most can be worked with fairly easily. Here’s a selection of some homes that may well be within reach with FHA financing in Madison. Check it out…

Buyer Agency is what puts you as the Buyer on an equal footing with the Seller. The Seller is represented by the listing broker, but without your Buyer’s Agent, the agent working with you is also working for and representing the Seller. Seem a little lopsided? It is. So the good news is you too can have professional real estate representation. And the better news is the listing broker almost always picks up your agent’s commission costs. Here’s the scoop…

An Agent refused my offer to purchase. Can they do that? The answer to that question like so many other real estate questions is, “Maybe.”  Why a Seller might instruct their Agent to refuse certain offers and whether or not that’s a particularly good strategy is discussed here.