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Dean Nelson, The Best
Realtor in Madison, Wisconsin, Working for First Weber Real Estate, Housing, Buying Selling Homes, School, Agencies, Market Analysis, , Comparative, Mortgage, Finance, Skills
Include Application, Contract,
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Architecture, Sports, Madisonians, Interest, Closing, Broker.... condo
purchase, house purchase, houses, investments, lot, subdivision, Metro Area,
property, Accredited Buyer's Representative (ABR), Senior Real Estate
Specialist (SRES), Buyer Agency, First-Time Home Buyers
Contact information about
buying or advertising on this website.
Brian Nelson,
Webpage
Marketing Consultant
31 Gessner Rd. Houston, TX 77024
713-467-3025 Click:
E-mail me
09/11/2008 10:54 AM -0500
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Since you most likely will need to get
a mortgage to buy a house, you must make sure your credit history is as
clean as possible. A few months before you start house hunting, get
copies of your credit report. Make sure the facts are correct, and fix
any problems you discover.
3. Aim for a home you can really
afford.
The rule of thumb is that you can buy
housing that runs about two-and-one-half times your annual salary. But
you'll do better to use one of many calculators available online to get
a better handle on how your income, debts, and expenses affect what you
can afford.
4. Don't worry if you can't put
down the usual 20 percent.
There are a variety of public and
private lenders who, if you qualify, offer low-interest mortgages that
require a down payment as small as 3 percent of the purchase price.
5. Buy in a district with good
schools.
In most areas, this advice applies
even if you don't have school-age children. Reason: When it comes time
to sell, you'll learn that strong school districts are a top priority
for many home buyers, thus helping to boost property values.
6. Get professional help.
Even though the Internet gives buyers
unprecedented access to home listings, it's still a good idea to use an
agent. Look for an exclusive buyer agent, if possible, who will have
your interests at heart and can help you with strategies during the
bidding process.
7. Choose carefully between
points and rate.
When picking a mortgage, you usually
have the option of paying additional points -- a portion of the interest
that you pay at closing -- in exchange for a lower interest rate. If you
stay in the house for a long time -- say five to seven years or more --
it's usually a better deal to take the points. The lower interest rate
will save you more in the long run.
8. Before house hunting, get
pre-approved.
Getting pre-approved will you save
yourself the grief of looking at houses you can't afford and put you in
a better position to make a serious offer when you do find the right
house. Not to be confused with pre-qualification, which is based on a
cursory review of your finances, pre-approval from a lender is based on
your actual income, debt and credit history.
9. Do your homework before
bidding.
Your opening bid should be based on
the sales trend of similar homes in the neighborhood. So before making
it, consider sales of similar homes in the last three months. If homes
have recently sold at 5 percent less than the asking price, you should
make a bid that's about eight to 10 percent lower than what the seller
is asking.
10. Hire a home inspector.
Sure, your lender will require a home
appraisal anyway. But that's just the bank's way of determining whether
the house is worth the price you've agreed to pay. Separately, you
should hire your own home inspector, preferably an engineer with
experience in doing home surveys in the area where you are buying. His
or her job will be to point out potential problems that could require
costly repairs down the road.
The Greater Madison Chamber of Commerce
provides a wealth of information about the community for thousands of
residents and those looking to move to our city each year. Looking for a job
or a new place to live? Click on employment or real estate or explore one of
the other categories to your left. Questions - feel free to
contact us.
Greater Madison Chamber of commerce
Leadership at Work
Government Affairs
The Greater Madison Chamber of Commerce is the voice
of the Greater Madison business community in the city, county, and state
public arenas. The GMCC monitors, researches, analyzes, and lobbies on
policy issues that affect the daily operations of your business, and
advocates for policies that foster regional economic development in Greater
Madison. Here, you will find information about current issues and action
initiatives.
Consistently rated as one of the best places
to live in the country, 2.5 million people visit Dane County each year. The
UW-Madison’s famous Memorial Union is an ideal place to hangout, take in
some music, a cold beverage, or some of the UW’s homemade Babcock ice
cream.
Employment
Looking for employment in Madison? Check out our
NEW Job Board
where you'll find some of the top jobs offered by GMCC Member companies
and where members can post their employment opportunities.
Also please review our GMCC Member employment professionals
below if you're searching for a job.
To find out how your business can be listed here –
contact us.
Growth trend: According to Census
Bureau estimates, the population of Dane County increased by 5.4% from 2000
to 2003. The number of people living in the county rose from 426,526 to
449,378.
Madison WI - Moving
Companies and Relocation Services