Buying a Home in Madison, Wisconsin

BUYING YOUR HOME OR CONDO

Benefits to you the Buyer:

• Gives you _______________.

• Saves you _______.

• Gives you _____________ in a multiple offer

situation.

• Gives you ________________.

Dane County Market

• Listing inventory is _______.

• Demand for Real Estate is ________.

• Prices and home values are both going _____.

Dane County Market

• Your Buyer Agent represents _____ and

carries out the duties that are important to

you. (The listing agent represents the

_______)

• Your buyer agent provides the __________

and ________ that are pertinent to your

transaction. How much is that house worth?

• Your BA ____________ on your behalf.

• You receive _________ showing status (with

our real estate team).

Dane County Market

• _____% of our clients choose Buyer Agency.

• We assist over ___ buyer clients each year.

• You benefit by working with a team of

specialists dedicated to helping you achieve

your home buying goals.

• Because you are our _______, it is our duty to

advance ____________ over the goals of any

other party in your transaction.

Dane County Market

• How long does a buyer agency agreement

last? ___________.

• I don’t have a buyer agency relationship with

my agent. Can my agent give me her

professional opinion of a home’s true market

value? _____________________.

• I like a home. Should I work with the listing

agent to draft my offer? Remember, the

listing agent represents ___________.

Dane County Market

• Use your agent’s _________________ at

open houses.

• Benefit to you is __________________.

• On site sales person represents the _______.

• If you like a home, call _____________.

• Send your agent your ____________ and she

will follow up with the listing agent.

Dane County Market

If for any reason you are not _______ satisfied

with our service, we will terminate your

buyer agency agreement upon your request.

When you work with us, you don’t need to be

worried about being locked into a long buyer

agency agreement.

Dane County Market

This is a standard form approved by the

State of Wisconsin.

Things to consider:

• Purchase price

• Earnest money

• Closing date

• Down payment amount

• Inspection contingency

• Testing contingency

Dane County Market

• Inspection is for _________ only.

• “Defect” is a legal term – a significant adverse

effect that impacts the __________________,

of future occupants, or _______ &

__________________ of the property.

• Hire an inspector that uses both ________

and ___________________ cameras.

• Budget ____________ for your inspection,

dependent on square footage.

Dane County Market

• Used to detect hidden ____________ .

• Can identify insufficient _____________.

• Can detect over-heating and hot spots in

________.

Dane County Market

• In a seller’s market, the average buyer looks

at ____ properties before finding the right

one.

• In this market, it is important to narrow your

________ and be prepared to act _________

& ____________.

Dane County Market

• Most buyers love to search online.

• Use a site that shows __________________.

• Use a site that has __________________.

• Beware: many listings on ________ and

________ are out-of-date.

• _________________________ is updated

hourly and shows the accepted offer status.

Dane County Market

• Why did you become a real estate agent?

• Why should I work with you?

• What do you do better than other real estate

agents?

• What process will you use to help find me the

right home for my particular wants and

needs?

Dane County Market

• What are the most common things that go

wrong in a transaction & how would you

handle them?

• What are some mistakes that you think

people make when buying their first home?

• What other professionals do you suggest we

work with and why?

• Can you provide me with references or

testimonials from past clients?

Dane County Market

Dane County Market

1. Thou shall not change jobs, become self-

employed or quit your job.

2. Thou shall not buy any type of vehicle (or you

may be living in it)!

3. Thou shall not use charge cards excessively or

let your accounts fall behind.

4. Thou shall not spend money you have set

aside for closing.

5. Thou shall not omit debts or liabilities from

your loan application. The Dane County Market Real Estate Team

www.DaneCountyMarket.com

www.MadCityDreamHomes.com Dane County Market

6. Thou shall not buy furniture.

7. Thou shall not originate any inquiries into

your credit.

8. Thou shall not make large deposits without

first checking with your loan officer.

9. Thou shall not change bank accounts.

10. Thou shall not co-sign a loan for anyone.

The Dane County Market Real Estate Team



How do buyer agents get paid?

• Fees are paid by ___________.

• _____________________ sellers pay fees.

• __________ pay fees.




• Use my _________________ at open houses.

• Benefit to you is __________________.

• On site sales person represents the _______.

• If you like a home, call _____.

• Send me your ____________ and I will

follow up with the listing agent.




• I help you purchase a lot.

• I connect you with reputable builders who

specialize in your type of home.

• I provide you with interview questions

designed to help you select the right builder

for you.




• You pay the ___________, many are paid

______________.

• An attorney is not by your side at your

______________ or your final

________________.

• An attorney does not have the expertise to

help you properly ________________.



www.MadCityDreamHomes.com

*We never discourage clients from hiring an attorney, as we cannot provide you legal advice. If you choose to hire an

attorney, make sure you have one in place before you sign any offer paperwork.

Dane County Market

This is a check you write with the offer, or

soon after. It will be deposited and held in a

trust account.

Earnest money amount is typically about

____ of the total offer price.




• Required by your ________ prior to issuing

your loan.

• Cost to buyer, approximately _______.

• Provides _________________ as a second

opinion on market value.




All of your time and efforts

have paid off.

Bring a cashiers check to

closing made payable to the

title company for the down

payment and closing costs.

Bring your driver’s license or

official photo ID.




You are always working with a

____________.

Benefits:




Realtor

Call to Assessor Write Ads

Show Homes

Cold Calls Schedule Appraiser

Review Settlement Statements

Inspection

Measure Properties

Answer to Realtor

Questions

Answer Phone Calls

Place Internet

Ads Listing

Photographs

Open Houses

Research Information

Write Newsletters

Properties in MLS

Complete Paperwork

Ad Calls

Attend Closings

List Homes

Single Realtor Model

Set Showings



www.MadCityDreamHomes.com

Answer Buyer

Questions

Present Contracts

Coordinate Closings

Postcards

Create Brochures

Lock Boxes

Dane County Market

Client

Lead Buyer Specialist

Showing Agent

Communication

Photographer/

Videographer

Marketing Coordinator

Stager

Admin/Client Support

Listing Specialist

Our Team Model




Who Do You Know?




Buying a Home in Madison, Wisconsin

Real Estate

Transcript of Buying a Home in Madison, Wisconsin