Spring is here and the Wisconsin real estate market is hopping. Buyers need to be ready to pull the trigger when they find the right home because in many Wisconsin markets there is a shortage of available homes for sale, with too many buyers.
Some things buyers should do before house hunting:
•Be preapproved for a mortgage. Makes for a stronger offer and it also saves time.
•Research locations, neighborhoods and communities. You’ll spend less time house hunting if you narrow down your geographic search area. You can start your search for Wisconsin real estate for sale at firstweber.com
•Discuss your needs vs wants. You may have to give up a little. What is super important to you and what can you live without?
•Don’t buy more than you can afford. Don’t spend more than you are comfortable with, even if the bank says you can afford it. There are additional maintenance costs when owning a home vs renting, but those come with perks too, such as your own yard to customize (and mow).
•Think about your housing needs for the next several years – will the property still work for you?
Lastly, because the current housing market is competitive, think hard about making your best offer. Gone are the days when buyers were able to get deep discounts in a troubled market. Get a good agent, sign a buyer’s agency agreement and listen to their advice. Learn more about buyer agency here.
First Weber sells real estate across Wisconsin: Metro Milwaukee and Southeastern WI, South Central Wisconsin/Greater Madison, Central Wisconsin, Northeast Wisconsin and Wisconsin’s great Northwoods. You can start searching for Wisconsin real estate and Wisconsin real estate agents at firstweber.com
You can read more homebuying articles here.