How to Buy a Home in Milwaukee, WI

• Affordable Housing: Did you know Milwaukee's housing is quite budget-friendly compared to other big cities? This goes for nearby spots too, like Greenfield and Oak Creek. Whether you're buying your first home or investing, these communities have something for everyone, with plenty of choices for every budget. 
• Community Feel: There's something special about the sense of community here. Beyond Milwaukee, places like Whitefish Bay and Mequon really stand out for their friendly vibes. Each area, Milwaukee's neighborhoods included, has its own personality and a welcoming community spirit.
• Jobs and Growth: The whole Milwaukee area, including suburbs like New Berlin and Franklin, is thriving, with jobs aplenty in healthcare, manufacturing and tech. This is great news whether you're moving for work or looking for a stable place to grow roots.
• Cultural and Fun: Milwaukee’s got a lively cultural scene, but the surrounding towns are also full of surprises. From museums and festivals in places like Glendale and Elm Grove to parks and outdoor fun near Lake Michigan, there's always something to do or see.
• Near the Big Cities:

  Living in Milwaukee or its suburbs like Brookfield and Wauwatosa means you're just a hop away from cities like Chicago. It's perfect if you're after a mix of small-town charm and big-city options. 

But buying a home is a big step in life, and it's important to know what you're doing. Here's a simple guide to help you buy a home in Milwaukee, starting with getting pre-approved for a mortgage all the way to closing on your new home. 

• Get Pre-qualified or Preapproved for a Mortgage
  The first step in the home buying process is to get pre-qualified or preapproved for a mortgage. This will give you an idea of how much you can afford to spend on a home. There are many different types of mortgages; fixed-rate and adjustable-rate, jumbo loans and government loans. Your banker can help you decide which is right for you.
• Find a Real Estate Agent
  A real estate agent can help you find a home that meets your needs and budget. They can also help you with the negotiation process and paperwork.
• Start Shopping for Homes
  Once you have a real estate agent, you can start shopping for homes. There are many websites that list homes for sale, such as Zillow and Trulia. You can also drive around neighborhoods that you like to look for homes for sale.
• Make an Offer
  Once you've found a home you like, you will need to make an offer to the seller. Your real estate agent will help you with this process.
• Get a Home Inspection
  Before you close on your home, you will need to get a home inspection. This will help you identify any potential problems with the property.
• Close on Your Home
  Once everything is in order, you will close on your home. This is when you will sign all of the paperwork and pay for the property.

Additional Tips for Buying a Home in Milwaukee, WI

• Get a pre-approval letter from multiple lenders. This will give you an idea of the best interest rates and terms available to you.

• Be prepared to make a down payment. The amount of your down payment will depend on the lender and the type of loan you get. Shop around for insurance. Homeowners insurance is required to protect your investment. Be patient. The home buying process can take several months. 

• Buying a home can be a rewarding experience. By following these tips, you can make the process as smooth as possible. 

Apply Now with Excellend® or Schedule an Appointment