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Your Journey to Homeownership

9 Key Milestones to Buying a Home

1. Build Your Team

Kickstart the process by finding trusted experts to guide you along the way. The Charlie Wills Team has years of experience under our belts. We are well versed in real estate and know the ins and outs of the entire process for both buyers and sellers. We work in the local market on a day-to-day basis and can provide the kinds of nuanced information and advice unlikely to be found through online real estate searches.Contact us today!!!

2. Check Your Score

Find out your credit score and work to improve it by cutting down debt and spending. Without a high credit score, you won’t qualify for the best mortgage rates available, which could mean you’ll end up paying more money over the term of your mortgage. The difference between 3% and 3.25%, for example, can add up, especially if you’re applying for a 30-year fixed-rate mortgage.

  • A score of 740 or higher is generally considered excellent credit.
  • A score between 700 and 739 is considered good credit.
  • Scores between 630 and 699 are fair credit.
  • And scores of 629 and below are poor credit.

3. Boost Your Savings

Talk to the Charlie Wills Team about down payment options. Then set a goal and budget accordingly. Here are some ways to help boost your savings.

  • Use a Hybrid Savings/Checking Account
  • Do A Teardown Of Your Recurring Monthly Expenses.
  • Increase your 401K Contribution
  • Maximize Your Cash Back For What You Already Do.
  • Start a Side Hustle.

4. Know Your Numbers

Discover what you can afford based on interest rates, income, and more. Then get pre-approved to have a competitive edge. First Weber offers a super simple, easy-to-use calculator to help you with some of your numbers. https://www.firstweber.com/payment.php

5. Go House Hunting

Now’s the fun part! Tour with your agent to explore neighborhoods, home types, and determine your must-haves.

A multiple listing service (MLS) is a private database of available homes for sale—compiled and managed by real estate professionals for up-to-date status information and accuracy. Only licensed real estate agents have access to an MLS. So when you go house hunting with the Charlie Wills Team, you get an insider’s look at the latest listings in the Madison area (sometimes even before they hit the market) and always have the most accurate information about properties you find.

And if you share your list of must-haves (including your max price) with your agent, they’ll help you set realistic expectations and target your search to areas you can afford.

6. Make an Offer

Meet with your agent to draft your offer and negotiate with the seller.

7. Get an Inspection and an Appraisal

Rely on the pros as they determine the value and condition of your new home.

8. Make it Official

On closing day, sign the final documentations and get the keys to your new home.

9. Move into Your New Home

This is the day you’ve been waiting for! Send in the movers because it’s time to make your dream a reality on move-in day!

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