Green Bay Mortgage News

Buying A Home - Green Bay Wisconsin

If you know what to expect and you have a trusted team of real estate and mortgage lending professionals to guide you finding and financing your first home can be an exciting and rewarding experience.  Here is what you need to know:

Obtain a Mortgage Preapproval Before You Begin House Hunting

• Learn how much financing is available to you.
• Strengthen your bargaining position with sellers.

Choose a Real Estate Agent

• Ask your mortgage lender to recommend agents they work with.
• Select a reputable professional who knows the market and will listen to your needs.
• Ask agents for references from former clients.

Find the Right Home

• Determine the needs of you and your family.
• Create a wish list of desirable features.
• Take notes as you preview homes.

Make an Offer

• Your real estate agent presents your offer to the seller, who will accept, counter, or reject it.
• When the price is settled, you and the seller sign a Purchase Agreement, defining the terms of the sale.

Have the Home Inspected

• Hire a professional inspector after the offer has been accepted to provide and in-depth look at the basic systems of the house, to reveal any safety hazards and give you a chance to reconsider the deal.

The Home Will Be Appraised

• An appraiser, required by your mortgage lender, is a formal, written estimate of the home's current market value.

Obtain Title Insurance

• This guarantees that the property you are purchasing is free of liens or confusion in rights of ownership.
• The policy insures against any losses to the property that result from defects in the title or deed.

Close on the Property

• Ownership of the property is transferred.
• A closing agent coordinates and distributes all the paperwork and funds.

And you become the proud owner of your new home!