Madison Area First Time Home Buyers Guide
You're Buying your First Home!
Congratulations on your big decision! Each year we help many first-time home buyers achieve their dream of home ownership. Whether you're seeking a home or a condo, our entire team is here to serve you with all of the time, attention, and resources you need to start building equity and start making memories in your new home.
Buying Your Home in 3 Simple Steps:
Step 1
Step 2
Step 3
Gain insight and knowledge.
Learn more about the market and the home buying process, and without any of the spin. We're constantly refreshing our market blog and buyers blog with timely updates and practical tips.
More First Time Tips
1) Choose a full-time buyer specialist.
Someone who knows the inventory of homes and condos in the Madison area, and who will represent your best interests until the day you receive your keys at the closing table. Our real estate agents are dedicated to helping you find the very best home for your needs, at the very best possible price.
Education is an important key for many first time home buyers. When you hire us to help you buy your home, we provide you with educational resources that will teach you about both the home purchase and mortgage process. Our goal is to make sure you become knowledgeable and comfortable with every step along the way.
2) Work with a lender who is a good fit for your needs.
One of your very first steps in your journey toward home ownership should include a visit with an experienced, Madison area lender. We can refer you to a lender who has the experience and background that are a great fit for your needs. When you meet with your lender, you'll want to learn about the variety of home loan programs that are available to you, including mortgage products that are designed specifically for first time home buyers. You'll also want to receive your mortgage preapproval, so you know how large a loan you can comfortably afford.
3) Work with the right home inspector.
A home inspector will complete a thorough review of your property before you go ahead with your purchase. An inspection typically lasts about 3 hours, and we attend your inspection with you. A quality home inspector will identify any defects that could potentially affect the value and safety of your home. When your inspector does find defects, we help you negotiate your desired outcome with the seller.
A home inspection also offers you a great opportunity to learn about home maintenance and how to care for your home over the long-term. A good home inspector will share their knowledge about proper home maintenance, and provide tips on how you can avoid costly repair bills down the road.
4) Work with a team of buyer experts that always puts your best interests first.
From the first interview that determines your requirements to the moment that you receive your keys, we guide you through the entire process, step-by-step. Please contact us with all of your concerns and questions. We are here to answer all of your questions for you, and help you become comfortable with the home-buying process.
Buying your First Home with Mad City Dream Homes
Learn from our client, Carolyn, who shares her experience.
Our Results
In the last 6 years we've helped over 500 families and dozens of first-time buyers with their real estate purchase in South Central Wisconsin.
(Our home buying specialists serve Dane County and surrounding areas.)
Rent vs Buy Calculator
Find out your "break even point", which is the time it will take for the cost of buying your first home to become even with your cost of renting. This calculator also estimates your financial benefit of owning vs renting over time. Click here.
First Time Buyer Reviews
"My husband and I had a wonderful experience working with Max Woods to purchase our first home! He was so patient and helpful throughout the entire process. He was always quick to respond to questions or requests for showings." -- Jamie
"Shelley Lazzareschi was a dream to work with! My partner and I just closed on our first condo after years of renting. She was attentive, supportive, and always willing to share her wealth of knowledge. We couldn’t be more grateful for her guidance!" -- Hannah
"Working with Chris Venden was a great experience as a first time home buyer! Chris walked us through the entire process which made it easy on us. Thank you so much, Chris! We love our new house. :) We look forward to working with you again in the future!" -- Mira
"There are really not words to explain how wonderful this team is. Dan was extremely patient with us during our home buying process. We thought we were ready but did not quite have the finances but he did not just write us off. Once we were fully ready, he walked us through the process. He provided excellent insight about the market. When he was not directly available, others stepped in seamlessly. Dan was there when we needed him most. Dan was an advocate for us even before fully realized we need any advocate/ He even stayed in touch after the closing on our home." - Chris
"Mad City Dream Homes exceeded my expectations for what real estate agents can do. Shelley and Max treat each client with respect and understanding for their own individual vision and personal needs. They never once rushed me or made me doubt myself. In fact, I felt supported and empowered throughout the entire home buying process, even as a first-time home buyer. I never leave Google reviews, but I owe it to the next person who considers Mad City Dream Homes because the glowing reviews I read here are what first made me reach out to them, and I am so grateful that I did.." - Kevin
Search for homes in the Madison WI area.
This info is provided courtesy of your first time home buyer specialists at MadCityDreamHomes.com.
Please fill out the form below and tell us more about your plans for buying your first home in the Madison area. One of our specialists will contact you promptly.
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