Own and Live in Downtown Madison–Forgivable Loans Available

Follow the money around downtown Madison. You can see where developers are investing with new commercial buildings and quality apartments. These people know the same thing you know…people want to live and work in the authentic Madison neighborhoods.  Greenbush, Mansion Hill, James Madison Park Neighborhoods have the classic early Madison homes people are tripping over themselves to own. Or they would be if they could afford the renovations.

Community Development Division of the City of Madison has $80,000 to $100,000 forgivable loans available for purchase and renovation of these properties. Commit to live in the building for 10 years (and a few other requirements). Live a downtown Madison lifestyle.

This program ends December 31, 2017

Time is of the essence. The “little details” matter.

This is a portion of an actual text from a Wisconsin real estate licensee’s response to a licensee who is trying to get an amendment accepted to extend a contract deadline: I think keeping in focus we are doing the work and we are set to close should be the focus. The little details always solve themselves. Well then, all you attorneys and real estate licensees may as well find another profession. Little details don’t need your attention.

Isn’t it the little details the Supreme Court hears and decides on to settle constitutional rights?  Does “Time is Of The Essence” in the Offer to Purchase contract mean something different for the “little” contingencies? I see 7 court cases sited on page 7-35 of the Wisconsin Real Estate Law, 2017 Edition which make it clear, the little details do matter.

The Wisconsin Offer to Purchase WB-11, is a nine page form filled with little details.  Those little details make or break transactions. Licensees who initiate compliance with the little details are doing the job they are licensed to do. Intentional disregard to the little details is setting the parties up for a dispute. Compliments to the buyer agent licensee who took the initiative to protect the customer (the Seller) and the client (the buyer) in spite of the haughty attitude of the listing agent licensee who could not be bothered with the little details.