Are You a First Time Home Buyer in the Phoenix Metropolitan Area?

Are You a First Time Home Buyer in the Phoenix Metropolitan Area? 

Here are 8 key tips first time home buyers should know before purchasing a home!

1. How will you buy a house?first-time-home-buyers

Are you planning on getting a loan? In that case, make sure you meet with a lender early on before looking at homes. Getting preapproved for a home loan can sometimes take time. If you find the home of your dreams, you will not want to waste time and risk the home being purchased by other potential buyers! You will want to be ready for when you find “the one”.

2. House Hunting

The most exciting part of your home buying process can also become overwhelming. Start to search online in reliable websites and find the homes ones that best fit your criteria, but be flexible so you don’t miss out on a great home you didn’t know you wanted! Ask your agent to make a custom search for you so you’re automatically notified when a home match hits the market. When you’re ready to start touring homes, contact your realtor.

3. Your Real Estate Agent

Don’t choose the first friendly face you meet at an open house or see a photo of on the internet. Choose one that stands out based on their expertise. 

4. Writing an offer

Review comparable properties in the area and choose your price wisely. Ask your agent for their suggestion and help to make a good yet fair offer and terms.

5. Should you pay for a home inspection?

Hiring a professional home inspector can help you determine if your purchase price is good for the property. You want to use your inspection period to find out as much as you can about the property, so don’t hesitate to invest on hiring a home inspector!

6. Closing Costs

Your home purchase will most likely have other costs aside from your down payment.Think about the money you should save up so you’re prepared as the day of closing gets near. Other fees may include escrow fees, transfer tax amounts, home warranty, etc… Don’t get caught off guard! Ask your real estate agent to help you get an estimate of the different costs that could be added to your home purchase.

7. Finally, the closing!

Handing Over the House Keys in Front of a Beautiful New Home.

Be patient, as there will be paperwork that will need to get signed before you get your keys! Don’t worry, as soon as the property finally closes and records, your agent will let you know and they’ll release the keys to you.

8. Moving

This is a busy time for even the most organized person. A few days before your scheduled closing, start packing your things & make a list of all the address changes you will have to make. Don’t forget to change the address for your bills, DMV, and USPS to name a few. If you need a moving company, book it a few days prior to your closing too. Most importantly, don’t let your busy schedule dim your excitement on your first home owner experience!

If you’re ready to start your home buying process, contact us! We’ll be glad to help you search for the home of your dreams. Ask us for suggestions or help in finding a lender! 

remax_balloon_logo_photo (1)NewDavidRod