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3 bd / 2.5 ba / 2126 Sq Ft

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Meet Chad

Chad Sperry, REALTOR

Chad Sperry, REALTOR

Meet Chad

Chad Sperry is happy to now be with the Yoo Realty Group at Real Broker LLC, and has been a practicing REALTOR® since 2005. Chad has devoted himself to helping people solve problems and achieve their real estate goals. He has an insatiable curiosity about all things real estate and uses the skills and knowledge he has acquired to better serve his clients. When he meets a customer for the first time he doesn’t take up time talking about himself. Instead he listens to their story, their concerns and their hopes. He sees the unique nature of each person’s situation and develops a plan to help them.

Testimonials

“I’ve worked with Chad on three real estate transactions – two purchases and a sale. I’ve always come to him with tight timelines and a variety of requirements and logistical challenges,
but he has always shown tremendous flexibility and patience, and has been a great guide through all stages…”

-NATHAN ECKBERG

“Chad is awesome! He helped me to buy my first condo and was super helpful, answering questions and keeping me informed along the way. He was very knowledgeable about the Madison market and I will definitely use him again!” -HANNAH FLATAU

“Chad is the absolute best!!! He is dedicated and responsive — which is essential in this competitive market. He always put our interests first and was there every step of the way. He made the process easy. We now have a condo we love.”

-AMY FREDERICK

“My husband recently got a job in the UK, and we were suddenly faced with the challenge of selling our house in a very short time… Chad understands that selling a house can be very emotional. Our house was our home, where we raised our children, where memories were made. It was more than money… Chad is someone who is not only business but who listens to the needs of his clients. He is more like a coach.”

-ELIZABETH EMTER

What Clients Are Saying

What Clients are Saying

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Selling

List with Chad Sperry

Selling your property is a big step.

See to it that you get the most for your investment.

For more information about selling your home with Chad download the 61 point Marketing Plan:

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Buying

Find Your Dream Home

For more information about buying or building a home with Chad:

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Work with Chad to buy the Home You've Been Looking For

Chad works with each client’s lifestyle in mind to find the ideal property for their budget.

He achieves this by proactively seeking out properties, some before they hit the market. He is happy to arrange meetings with mortgage loan officers who will work with Buyer’s unique needs. How many showings does it take to find the right place? Answer- as many as the Buyer wants to see! When a desired property arrives Chad is ready to act, tailoring an offer that will stand out to Sellers in today’s ultra-competitive market. His years of experience have instilled a keen sense of what to expect and how to handle the unexpected, negotiating the best terms for his clients. Chad will relieve much of the stress that can occur in a real estate transaction and see you to a smooth closing!

Communities

Madison
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Fitchburg
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Middleton
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McFarland
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Shorewood
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Stoughton
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Sun Prairie
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Waunakee
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faq

Frequently Asked Questions

The general rule is, “If it has to be removed with a tool, it stays.” However, some items are specifically included in the contract. The drapes, window treatments, & any pool equipment automatically stay. The refrigerator & washer/dryer do not come with the house, unless written into the contract. The stove, dishwasher, & any attached microwave or vent hood will stay, along with all light fixtures. If you have a question about a specific item, please do not hesitate to ask!

To determine Fair Market Value, we will run a Comparative Market Analysis (CMA) on the property. This shows you what comparable properties in the same or similar neighborhoods have sold for recently, so tells you what the property is worth. After we have that information, we will determine what to offer based on the time the property has been on the market, if they’ve made recent price reductions, whether it’s vacant or occupied, & whether or not there are other offers on the property. 

Your lender will require that an appraisal is performed to verify that your purchase price is the Fair Market Value of the property. The appraisal is usually performed after we have had the property inspected, costs roughly $350, and is paid for at closing. The appraiser will use the same process we did when we ran a Comparative Market Analysis, so we very rarely have appraisal issues. If, however, the property does not appraise for value, you have the option to terminate the contract. In many instances, we will try to renegotiate the price of the property to the appraised value. Sometimes, we have issues with the appraiser’s conclusion and we contest the value in that case.

In general, there is more inventory to choose from in the spring & summer, but there is more competition. During the fall & winter, prices are generally lower, but there is less inventory to choose from.

There are no laws governing multiple offer situations, but there is an industry standard: Typically, the listing agent will notify all parties that there are multiple offers on the property and will ask for each buyer’s “highest & best offer” by a certain time & date. We will not know what others are offering and they won’t know what we’re offering. You will want to put together your highest offer price & we will tighten up the offer terms to make the offer as attractive as possible, without compromising your protections.

While it is not necessary to begin casually looking online, it is definitely a good idea to get pre-approved before you begin physically looking at properties. Read more about pre-approval here.

The searching process varies from buyer to buyer, but it takes 30-45 days to close on your property after you’ve gone under contract. Read more about the buying process here.

Most of your closing costs will be associated with your loan & pre-paid escrow charges (property taxes, insurance, & interest.) In general, closing costs are in the 1% to 2% range, but they do vary based on the type of loan you choose. This is one of the many reasons we recommend getting pre-approved early in the process. If you’re a cash buyer, closing costs are minimal- generally less than $1000.

It depends on the market. In the suburbs, where buyers value schools highly, school ratings are very important for resale. If you do care about schools, GreatSchools.org is an excellent resource.

Absolutely! Your home inspector will go through the property with a fine-tooth comb and tell you exactly what condition it is in. You will find out if there are any repairs that need to be made immediately & what repairs you can expect in the future. Your inspector will check all major & minor systems: Foundation, plumbing, electrical, roof, HVAC, water heater, appliances, windows, structural integrity, & more. While the price will vary based on the size of your home, the inspection is in the $350-$500 range (and is paid at the time of inspection.) After we have reviewed the inspection, we will typically ask for the seller to make reasonable repairs or for a repairs credit.

Sellers are not required to make any repairs, but reasonable sellers will agree to a reasonable repairs request or a credit for repairs. It is important to view repairs in context. If you are purchasing a newer home, you would expect it to be in near new condition. If you are purchasing a 50 year old home, you would expect it to be safe & functional, but not to be new.

It does not cost anything to make an offer on a property, but you need to be prepared to write a check for the earnest money and have enough to start a mortgage loan. The earnest money deposit is usually 1% of the purchase price. Depending on the loan program you choose, your lender will require between 5% to 10% of the purchase price at time of closing. Your loan officer will let you know exactly how much your downpayment will cost.

Unfortunately, the standard contract is pretty fuzzy on this topic. Generally, sellers will have the property “broom swept” at closing. If it is important to you that the property be professionally cleaned prior to closing, we can add that to special provisions of the offer.

In most transactions, a seller will credit you $500-$600 for a residential service contract (a home warranty.) A home warrant picks up what your homeowner’s insurance policy doesn’t cover. An insurance policy typically has a 1% deductible, so won’t cover small items like a stove, dishwasher, or air conditioner. A home warranty does cover these items, and typically with a deductible in the $50-$100 range. Home warranties are great to have, but they can be a hassle to deal with, should you call in a claim. They typically send a repair person out within 2 days (which can be a long time if your A/C goes out in the middle of August). Like any insurance or warranty company, they tend to try and cover as little as possible. That said, many homeowners have had positive experiences using home warranty companies when an appliance fails. In the Madison area the most commonly used Home Warranty companies are UHP (uhpwarranty.com) and HSA (onlinehsa.com).

A Buyer’s Agency Agreement is a written contract between you and an agent who’s services you will use to purchase a property for a certain period of time. Some agents require their buyer clients to sign an agreement, but we do not require this. All agents in a transaction are representing either the seller or the buyer. By default, an agent represents the seller unless stated otherwise using a Buyer’s Agency Agreement. Since we pride ourselves on our no pressure approach, we don’t require buyers to sign a Buyer’s Agency Agreement. However, The Condo Shoppe wants to be fully on your side. If you would like to sign an agreement with us, we’re happy to prepare and sign the agreement.

Market Analysis & Pricing

The foundation of a good listing begins with proper pricing. A knowledgeable Realtor will survey properties most similar to yours, taking into account the current condition of your property.

Coming Soon Video

Announcement of your listing posted to social media. This creates buzz around the local market for your property before it goes on market!

Staging

A well-staged property tends to sell faster and for a higher price. The top property received an offer that was accepted the day after staging.

  • About 1/3 of buyers’ agents said that staging a home increased the dollar value offered between 1% and 5% compared to other similar homes on the market not staged
  • 75% of buyers’ agents said staging a home made it easier for a buyer to visualize the property as a future home.

Enhanced Photography

Make your listing pop online with digitally-enhanced photos. Capture the attention of more qualified buyers with rooms that are virtually staged, dramatically set at dusk or brightened with a blue sky. Many buyers decide quickly whether or not to see a property based on photos. Provided at no extra cost to you.

Virtual reality Tour

Walk through your property online using VR goggles, a PC or any mobile device. This will soon become the industry standard and we are adopting it now! Anyone online can get the best sense of your condo without physically being there.

Facebook Advertising

Online advertising has replaced print as the most effective means of reaching potential buyers. Facebook is the social media platform most used by people thinking of buying a house or condo. Sperry Realty makes a special effort to reach the key demographic most likely to by your property.

Contact Details

Phone

608.345.0293

Email

C.Sperry@yoorealtygroup.com

Business Hours

24/7/365

Address

2310 Crossroads Dr Ste 2600  Madison, WI 53718

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