What is the first step for a first-time home buyer?

Buying your first home in Madison or Dane County comes with a lot of questions. From budgeting to inspections, and from choosing the right agent to understanding closing costs, first-time buyers want clear, practical answers.

Here are the most common questions we hear — answered in a friendly, helpful way.

1️⃣ What is the first step for a first-time home buyer?

The first step is getting pre-approved for a mortgage. This helps you understand your budget, shows sellers you’re serious, and makes the home buying process smoother.

2️⃣ How much should I budget for closing costs?

Closing costs in Wisconsin usually range from 2% to 5% of the home price. This includes fees like inspections, title insurance, loan origination, and prepaid taxes. Always review your Loan Estimate carefully and plan ahead.

3️⃣ Do I need a real estate agent?

Yes! A local agent guides you through listings, negotiations, paperwork, and inspections. In Dane County, working with an agent familiar with Madison, Middleton, Verona, Fitchburg, Sun Prairie, Waunakee, and surrounding areas gives you a major advantage.

4️⃣ What neighborhoods are best for first-time buyers in Dane County?

Some popular options include:

• Madison – vibrant, urban, diverse neighborhoods

• Middleton – family-friendly with strong schools

• Verona – small-town charm with city access

• Fitchburg & Sun Prairie – growing communities with new construction

• Waunakee, Windsor, DeForest – quieter, newer homes with space

5️⃣ How can I reduce stress during the home buying process?

• Work with a knowledgeable local agent

• Plan your budget carefully

• Research neighborhoods ahead of time

• Ask questions about inspections, closing, and financing

6️⃣ Are there resources for first-time home buyers in Dane County?

Yes! Programs like WHEDA offer down payment assistance and grants. Local lenders and agents can guide you through eligibility and application processes.

7️⃣ How long does it take to buy a home in Madison?

From pre-approval to closing, it typically takes 30–60 days once you have an accepted offer. However, the search itself can vary depending on inventory and your preferences.

💬 Bottom Line

Buying your first home in Dane County doesn’t have to be overwhelming. With the right guidance, preparation, and local knowledge, you can confidently navigate every step.

Alexander Real Estate is proud to guide first-time buyers across Madison, Middleton, Verona, Fitchburg, Sun Prairie, Waunakee, and surrounding communities, helping make homeownership achievable and stress-free.