Wisconsin Dells Area Real Estate

First Time Home Buying Resources

Feel free to use any of the information provided below to help you work through your home buying travels. If you have a question, contact me at any time.

		Buying Your First Home
		What the Wealthy Say About Owning Real Estate Article from Realty Times, February 2007

Invested in Wisconsin

First Time Home Buyer Resource Page

Form 5405 is now available for claiming the First Time Home Buyer credit. Check this link for the form and instructions.

http://www.irs.gov/newsroom/article/0,,id=204671,00.html

THE RULES HAVE CHANGED WITH 1ST TIME HOME BUYER CREDIT. FOR UP-TO-DATE DETAILS CHECK THIS LINK

http://www.federalhousingtaxcredit.com/

Buying your first Home is, at the same time, very exciting and very terrifying. Owning a home can very well be the biggest deal of your life. The price of a home is huge, the loan commitment will probably extend longer than you have been alive and the responsibilities of home ownership are extensive.

So why do it? Because owning real estate is the best investment you can make.

I have built this page specifically for First Time Home Buyers. Use the tools, reference papers and links on this page to educate yourself about buying Real Estate. According to the source at realestatechecklists.com, not doing your homework is the biggest mistake First Time Home Buyers make –

5 Common First Time Buyer Mistakes

1. They don’t ask enough questions of their lender and end up missing out on the best deal.

2. They don’t act quickly enough to make a decision and someone else buys the house.

3. They don’t find the right agent who’s willing to help them through the home buying process.

4. They don’t do enough to make their offer look appealing to a seller.

5. They don’t think about resale before they buy. The average first-time buyer only stays in a home for four years.

Source: Real Estate Checklists and Systems

Free Buyers Tour

I would like to help you in this all important decision. Should you have any questions please Contact me at any time. If you would like to get a more hands-on experience allow me to take you on a Free Buyers Tour.

During this Tour, I will interview you as a Buyer and help you figure out what kind of property you might want. I will work with you to research the properties available and we will pick 3 to visit. I will set up viewing appointments and we can take a look at the properties. After viewing the properties we will return to my office where we can discuss what we found. The whole purpose of the Tour is to allow you to experience what it would be like to actually shop for a property. There are no commitments, the whole exercise is to help you to understand the process of purchasing Real Estate.

Contact me today to set up your Free Buyers Tour.

What Can You Afford

The first step in Home Ownership is figuring out what you can afford. The best way to determine this is to talk with a lender. These meetings should be free of cost and without obligation. If you do not have a lender that you are working with I can reccommend Brian Jauch of Wells Fargo. Mention my name to Brian, he will be expecting your call.

If you would like a preliminary idea of what a mortgage might cost you, use the form below. Complete the fields below (e.g., Cost of Home, Down Payment, Monthly Income) and click Calculate Now. To view the different results of your calculation, click on the various tabs. To mail yourself a copy of your results, click the Receive this Detailed Analysis link.

Required

Required Must be a number between 1 and 50
Term In Years:
Required Must be a number between 1 and 100
Interest Rate:	%
Required
Cost of Home:	$
Required Cannot be more than Cost of Home
Down Payment:	$
Required
Annual Insurance:	$
Estimate Insurance to 0.43%of Cost
Required
Annual Property Tax:	$
Estimate Tax to 1.2%of Cost
Monthly Income:	$	Required
Monthly Debt:	$	Required

Optional

Gross Debt Service Ratio (GDS):
Total Debt Service Ratio (TDS):
Condos Fees:	$

Results

Receive this Detailed Analysis

Mortgage

Qualification

Affordability

Rent vs Buy

Your Monthly Payments

Loan Amount:
Loan Insurance ( %):
Total Loan(Mortgage) Amount:

Principal & Interest:
Homeowners Insurance:
Property Taxes:
Condo Fees:
Monthly Loan Insurance (%):
Total Monthly Payment:

Some Great Homes for 1st Time Buyers

Here are some Great Values - Take a look and contact me for a showing appointment.

Links to Other Informational Sites

The following links are to web sites that contain information that may be helpful to First Time Home Buyers. These sites are independant of Century 21 Affiliated and are not endorsed by Century 21. They are being provided for your information only.