BUYING A HOME
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| Buying a home and obtaining a mortgage is probably the biggest financial commitment you will ever make. Whether it is your first purchase or you have bought several homes in the past, previewing homes for sale, selecting which home is best for you, negotiating the purchase agreement, and closing the sale is a major process. All the more reason you need an experienced and competent Realtor to represent your best interests. |
Before you begin house hunting, see a loan officer for a pre-approval. This is a guarantee that you can qualify for financing to a maximum purchase price and loan amount. In a competitive market, it is often the difference between our offer being accepted rather than another buyer's.
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| Making an Offer |
You've found the home that is right for you. Now it is time to write an Offer to Purchase. It is an exciting, emotional, and sometimes challenging experience. You will be glad you have an experienced Realtor on your side to guide you through negotiations.
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| Earnest Money |
When you submit an offer, be prepared to make an earnest money deposit. This sum of money indicates the seriousness of your offer. All money is held in an escrow account by the listing broker. At closing it is applied to the purchase price.
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| Apply for a Loan |
When you apply for a loan, your lender will order an appraisal of the property you wish to purchase to confirm it is adequate security for the mortgage. Once the lender has verified the information you have given and reviewed your credit history and appraisal, you will receive a commitment letter. This document is a promise from the lender to give you a loan.
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| Order a Home Inspection |
A professional home inspection is an important step. A professional Wisconsin Certified Inspector will go beyond the "cosmetics" to survey the entire house, including structure, roof, exterior, and the major systems (electrical, plumbing, heating, cooling, and ventilation). An inspection reveals the need for replacements or repairs before you buy, and provides extra peace of mind.
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| Congratulations! It's Closing Day |
Your dream of owning a home becomes reality today.
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THE TWO MOST IMPORTANT CRITERIA
FOR SELECTING AN AGENT ARE:
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LEVEL OF SERVICE |
| 2. |
REPUTATION OF AGENT AND COMPANY |
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The materials contained within this page are available for users personal use only and may not be reproduced without the
express written consent of Joan Belke. The information herein is believed to be accurate and timely,
but no warranty as such is expressed or implied.