10 Steps to Buying a Home

So you want to buy a property in NW Wisconsin, but you don’t know where to start? Have no fear, Your Up North Team is here! We’ve broken down the process in 10 Steps:

Step 1: Choose a Realtor

Choosing a Realtor is important- try to find someone familiar with the area, experienced in dealing with the type of property you’re looking for, and most importantly, has a good reputation. You shouldn’t settle for a sub-par Realtor when you’re looking for a property; ask around or check online (at the very least, you’ll know who to avoid).

Step 2: Pre-Approval

It’s really easy to fall in love with a property, but it’s not-so-easy hearing that it’s way out of your price range. You should meet with a mortgage consultant and get pre-approval for a loan; you’ll learn your limit, which can help you search for properties you love AND can afford. Your Up North Team can recommend a mortgage consultant if you’re looking for one!

Step 3: Refine Your Search

Create a List: What are your property needs? Once you get that established, you can branch out to your property wants– these are the nice-to-haves, but not every property will 100% meet your criteria. It’s likely you will be able to change/add something after you purchase, and we can help you determine whether that is plausible within your budget.

Step 4: View Properties

You can look at listings on our site and make note of properties that catch your eye- then we can plan your tour! Typically a tour would consist of 5 listings; this gives you the opportunity to see each property in detail, but doesn’t take the entire day. We would be more than happy to help you in your selection.

Step 5: Make an Offer

When you’ve found that property you absolutely love, it’s time to make an offer! The market has been heating up for waterfront properties, so acting fast is crucial. Don’t panic- we’ll be there to help you!

Step 6: Negotiate Terms

Flexibility is crucial during negotiation- price, repairs, closing date, etc. can be altered during counteroffers. Your Up North Team will work hard to make sure you get the best deal for your money.

Step 7: Get an Inspection

Typically, the buyer pays for an inspector to come to the property and evaluate the structure and systems to make sure everything is safe and functioning. You would not be obligated to purchase the property if a defect is found, but have the option to renegotiate terms .

Step 8: Do a Walkthrough

To ensure everything included in the purchase agreement is indeed still on the property, and that no significant changes have been made to the condition of the property, a buyer performs a walk-through.

Step 9: Funds Due at Closing

Amounts due at closing must be in the form of a wire transfer or cashier’s check if your Lender/Title Company permits. If you need help looking for a Lender or Title Company, we have recommendations!

Step 10: Close

You and the seller review and sign closing documents (which are notarized by your closer). Once the paperwork is completed, you are handed the keys to your property and you can finally Unwind Up North.