Buyer’s Guide

Buyer’s Guide


Welcome To Central Wisconsin Properties

You have indeed made the right decision in selecting Realtor® Matthew Polacek to help you find your next location. With a commitment to service, experience and integrity, Matthew & his Team will help you through the process of acquiring your next place.

I thank you for the opportunity to help you find your perfect property!

Financing Your New Property

The Difference Between Pre-Qualified and Pre-Approved

Being “Pre-Qualified” means you have spoken to a lender about how much money you make and what your monthly payment responsibilities are for things such as car loans & credit cards. The lender will give you an approximate purchase price and monthly payment range you would qualify for based on the information you provided. Its a good start to when you begin searching for properties on the internet or talking with a Realtor®. That way you have a value range that fall within your affordability price point.

When you are ready to start looking at properties, homes, and/or making an offer, you should go to your financial institution & get “Pre-Approved“. This will involve meeting with a lender representative, providing a Verification of Employment, reviewing Bank Statements, and ordering a Credit Report. The lender is then able to prepare everything for your new loan, with the exception of the property appraisal. This last step, cannot be done until you obtain an accepted offer on your chosen home or land.
Pre-approval does a couple things for you:

  1. It will put you in a stronger negotiating position if you are in competition with other offers.
  2.  Even if you are not in competition, it will offer the Seller peace of mind knowing your credit history work is already done and there is only an appraisal to do. With this peace of mind, the seller will look more favorably upon your offer than they would if they knew nothing about your ability to complete the transaction.

Ready to View Properties

This is the fun part…selecting your new property! Matthew will actively pursue all listings that fit your requirements. Those within our own Real Estate Group, homes found through multiple listing services and opportunities for sale privately.

A Few Guidelines –What You Can Expect:

Before a Showing:

  • Schedule all visits in advance with your Agent. A 24-hour notice is preferred for most showings.
  • Avoid bringing small children along, as they will become tired and bored. You will be better able to focus on the task at hand when they are not along.
  • View properties within your price range. Don’t let emotions sway your decisions. If you fall in love with a house that you “have to have”, you may end up paying to much.
  • Wear shoes that slip off easily, you may be required to remove them in some places you see.
  • Be prepared for weather changes, it is Wisconsin after all.

During a Showing:

  • Pay attention to the home’s floor plan,
    overall amenities, and curb appeal.
  • Ask questions & Take notes along the way. Discuss with Realtor® Matthew your thoughts on a property as you are viewing it. This is so he can understand what you like or don’t like about a home, along with your needs & wants.
  • Know the characteristics you need in a home & the amenities you want. Realize when you look at a property, not every house will be perfect. Sometimes you will need to look to see the possibilities of what you can make it.
  • Relax, and have fun!

How many Properties to See:

  • This will depend on the desired target neighborhood or school district, current real estate market, and other specific requirements you may have.
  • Focus on suitable properties. Matthew can help by eliminating homes that do not meet your criteria and tracking down those that do.
  • Remember to see more than 1. You may still put an offer on the first house you see, but remember to give yourself some perspective.

The Offer to Purchase

Once you have found a house that you want to call home, you will meet with Matthew to draft an ‘Offer to Purchase‘. You will discuss how much to offer, what items to ask for in your offer (appliances, etc.), how long you will need to complete an inspection of the home & obtain financing, and what date would be best for your closing.

This process can take between 1 to 3 hours depending on how complex your offer is, and the type as well as the number of contingencies you need to include. Matthew will help guide you through this process and complete the necessary paperwork.

The Closing

Here’s a quick checklist to make sure everything goes to plan during the transition process. Shortly before closing you should do a final walk-through of the house, and remember to bring your inspection report with you.

Things that need to be done just prior to Closing Day:

  • Transfer water & sewer to your name
  • Transfer gas to your name
  • Transfer electricity to your name
  • Set-up any other utilities in your name
  • Call the cable company and arrange for service hook up
  • Inform your attorney of the closing date
  • Change of address with the Postal Service
  • Inform everyone important of new address

What to Bring

  • A Cashiers Check for the amount specified in your preliminary Closing Statement, made payable to the specified party.
  • Your new homeowner’s insurance certificate, with proof of payment.
  • Your Drivers License or other Government Issued photo ID.

What to Expect

A normal closing lasts approximately 1 hour. It can take place at a title company, your Realtor®‘s office or a bank. You should be prepared to sign various documents, all of which will be thoroughly explained to you along the way. Your mortgage will be finalized, you will exchange funds & the deed, and Finally you will get the keys to your new house!

And then that’s it. Congratulations!!! You just became a home owner!

Services

Please ask Matthew for a recommendation or information regarding Services or Service Providers related to your property purchase. He can help with utilities, inspections, or general information about the community.