How to buy your dream home

Buying a home is without doubt the biggest financial commitment you’ll make. It isn’t just about dollars and cents, you are making an investment in your future.

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Here are the important steps in the process. I’ll be here to help you every step of the way.

  1. Choose a Realtor® to assist you in the home buying process. The term Realtor® identifies a real estate professional who is a member of the National Association of Realtors®  and subscribes to its strict Code of Ethics.
  2. Get Pre-Approved. It’s the key to increasing your negotiating power. Meet with a mortgage consultant and get pre-approved for a loan. Don’t confuse this with a pre-qualification which is simply an estimate of your potential buying power. A pre-approval is a preliminary review of your credit information and pre-approves you up to a maximum loan amount.
  3. Refine your focus. Discuss your housing needs, wish list, preferred location, and budget.  Searching and previewing your properties online will help to narrow down your choices. I can create an online search for you at www.JeanHedren.com  based on your specifications to help you narrow your choices.
  4. View properties. Once you find homes that meet your criteria, request a tour of several in person so you can be comfortable with what’s on the market. I can show any home, even those listed by another firm. Be realistic with your expectations. There’s no such thing as a perfect home. Make a list of priorities as a guide to evaluate each property.
  5. Make an offer. When you know you’ve found the right property, you may need to act quickly depending on the market conditions. Ask about current market conditions and  get advice about preparing your offer. Several points for negotiation should be included in your offer, including price, financing, terms, date of possession, inclusion or exclusion of repairs and furnishings or equipment. The offer to purchase should also include a period of time to have appropriate inspections completed.
  6. Negotiate terms. Counter offers are common in real estate. Be prepared to be a little flexible on price, closing date, repairs, or other items.
  7. Get an inspection. This is your best chance to have the property’s systems and structure evaluated. In NW Wisconsin, it’s common to have three types of inspections: house, well, and septic system.
  8. The walk-through. Usually a day before closing, do a final walk-through of the house to make sure everything you thought was included in the purchase agreement has remained on the property.
  9. The closing. At the closing you will sign the mortgage loan documents and pay your closing costs. The seller will execute the deed to the property, and the closing agent will record the necessary instruments to give you legal ownership of the property. The keys will be handed to you and the house is yours!
  10. Move in.

Start your home search at www.JeanHedren.com. Call Jean at 218-590-6634 when you are ready to view properties.

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About Jean

Jean Hedren, Your Northwest Wisconsin Realtor. Specializing in up-north lake homes, cabins, and waterfront real estate. Serving the real estate needs of northern Wisconsin buyers and sellers in Barnes, Solon Springs, Lake Nebagamon, Gordon, Wascott, Minong, Trego, Spooner, Hayward, Webb Lake, and beyond. I’ll be glad to help you find the lake place that’s right for you; some of my favorite NW WI lakes include the Eau Claire Chain of Lakes, Nelson Lake, Lake Minnesuing, Lake Nebagamon, Upper Saint Croix Lake, Whitefish Lake, the Minong Flowage, Gilmore Lake, Kimball Lake, Nancy Lake, Bond Lake, Leader Lake, Big Bass Lake, the McKenzie Lakes, Horseshoe Lake, and Webb Lake. To learn more about the cabins and lake homes for sale in northwest Wisconsin, give me a call at 218-590-6634. Or, you can reach me at jeanhedren@edinarealty.com.
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