Purchasing your home in Phoenix Metro Area with Arizona Premier Realty Homes & Land LLC.
For a lot of people, purchasing a home is a stressful event. However, with some planning ahead of time, it isn't very difficult. So you'll know exactly what to expect, I like to give my buyers an outline of the entire deal. Here are my nine steps to purchasing a home.
Step 1 – Prepare to buy a home
There are a lot of things you should consider before beginning your home search. It's likely that you'll want to put together a list of items you need to have, get a plan of what school districts and neighborhoods you'd like to live in, and begin planning around your budget. Keeping your mortgage payment less than or close to a third of your net monthly income is a good rule of thumb to adhere to.
Step 2 – Get in touch with a real estate agent
This is where Arizona Premier Realty Homes & Land LLC. can help. I'll arrange a time to get together so we can talk about your real estate needs and get an idea of your future plans. We'll discuss the mortgage industry, other economic factors that could affect your purchase today or in the future, as well as neighborhoods and schools in the Phoenix Metro area.
I can also assist you with getting started on your loan. I partner with some of Phoenix's finest mortgage professionals, so you can rest assured that you're in great hands. They will assist you in figuring out which kind of loan is best for you and help you get qualified.
Step 3 – Start looking for a house
After we meet, I'll start searching for available houses on the market that are a good fit for you. I'll preview many of the houses and ignore the bad ones, and then we'll schedule appointments to tour the homes at a time that's convenient for you.
When we tour houses, I'll show you the good features and bad ones. I'll also ask you to tell me about things you like and don't like. It's pretty common for buyers to change their wish list as we tour houses and some things become far more important than others. If that's the situation, I'll look through all the listings again and trim it down to the home you've been waiting for.
Step 4 – Know the market
An agent's knowledge of the Phoenix Metro area home market is a fundamental component in your house search. And I can assure you I'm familiar with all the neighborhoods and schools, and I can let you know what neighborhoods are "hot" and demand prompt action and the ones that are "cold" and allow for thoughtful examination.
When we view homes, I'll make sure to communicate if the seller's asking price has room for negotiation or if I believe the home is "priced to sell." Any real estate agent in Phoenix Metro area will claim to understand the home market, but trust your instincts, and make sure you ask your agent a lot of questions. If things don't add up, contact me at or e-mail me at Dee@azbuyersagent.com, and I'll be happy to answer any questions you might have. My market expertise will keep you a step ahead throughout the entire deal.
Step 5 – Find the home of your dream home
I'm certain we'll find your dream home in the Phoenix Metro area, and when we do, I'll carefully develop your real estate purchase offer. The offer will be tailored with your needs in mind. Whenever necessary, I never forget to make contracts contingent upon items like your ability to secure financing and the results of the home inspection.
When sending in your purchase offer, you'll want to present "earnest money." This is a cash deposit made to the seller to secure the offer to purchase the property, and it's usually put towards the cost of closing. If the seller accepts the offer, we should close within 30 to 60 days after. This allows ample time for your mortgage financing.
Step 6 – Negotiate
A lot of contracts don't close on the initial offer. It's very common to receive a counter offer. But don't let it alarm you. We'll discuss whether or not to consent to the counter offer, submit our own counter offer, or refuse the seller's offer and move on.
How aggressively we negotiate the contract depends on market circumstances. In addition, we'll work within your financing budget. And at the end of the day, we'll create a deal that is best for you.
Step 7 – Get a loan
Once the deal is complete, you'll begin working with your mortgage lender to close the loan. If you're pre-approved, it shouldn't take much time at all, but you'll need to stay in close contact with your lender. And I'll deal with all the property information your lender needs to close the loan.>
Step 8 – Close the deal
You'll get a Good Faith Estimate (GFE) of closing costs from your mortgage lender within three days of getting your loan application. The estimate rests on the loan amount. RESPA requirements order that it has to involve all closing costs and be within a narrow range of accuracy, and I'll study the estimate and let you know if everything looks adequate.
Then we'll close on your home. This will most often occur at a title company or escrow office and will likely be a smooth and stress-free occurrence.
Step 9 – Move in
You made it! Now you can move into your new house. Enjoy it. And if you have any questions, be sure to call me at or send me an e-mail.