| Purchasing a home may be the single most important | | | | depending on the size of the home. This is money |
| investment of your life, and possibly the largest | | | | well spent because you will know exactly what is |
| purchase you will ever make. When you are dealing | | | | wrong with the home. |
| with hundreds of thousands of dollars, it may be a | | | | The inspectors will inspect the electric system, |
| good idea to use a Realtor with experience, a fine | | | | plumbing, roof, flooring, pool equipment, appliances, |
| knowledge of the area, education, and | | | | doors, showers, and several other items. After the |
| aggressiveness. An aggressive Realtor that knows | | | | inspections have been completed you then ask the |
| how to negotiate the price of the home with you | | | | seller to make repairs with a document called the |
| effectively may be the single most important factor | | | | Buyers Inspection Notice and Sellers Response. It is a |
| when getting a good price on a home. | | | | contract within the contract. The buyer and the seller |
| The first thing you want to do when purchasing a | | | | negotiate the terms of what is going to be fixed and |
| home in Arizona is to get pre-qualified for a home | | | | what is not. The Realtors will quarterback the |
| loan. This step does not take long, but is extremely | | | | process, but again, it is imperative you have a Realtor |
| necessary. In Arizona, you can not get into a | | | | that is aggressive so that you get more items fixed |
| contract with out getting pre-qualified for a loan. | | | | during the inspection period. |
| When you get pre-qualified for a loan, the lender the | | | | After the terms of the Buyers Inspection Notice and |
| pre-qualifies you will produce a document called an | | | | Sellers Response have been negotiated and agreed |
| LSR. Once you have a loan status report, you are | | | | upon, it is usually smooth sailing until you go into the |
| able to write an offer on a home. | | | | title company to sign your final loan documents. After |
| When purchasing a home, it is usually a good idea to | | | | the inspection period, you will want to obtain home |
| see what has sold recently in the area. When you | | | | owners insurance, and make sure all your utilities will |
| find the home that you want to purchase, a good | | | | be turned on in your name upon move in. Make sure |
| Realtor will give you a comparative market analysis. | | | | you work with your lender so that there are no |
| This report will show you recently sold properties in | | | | hiccups at the end of the escrow. The lenders job at |
| your neighborhood. This will give you an indication of | | | | the end of escrow is to deliver the loan documents |
| the market conditions in the area you are planning on | | | | to the title company so you can sign the documents. |
| buying in. You will be able to see if prices have been | | | | Once the documents have been signed the, title |
| falling, rising, or remaining steady. This may or may | | | | company will deliver the signed documents back to |
| not be an issue, but I do not believe anyone wants | | | | the lender so that they can fund your loan. Once the |
| to over pay for a home. | | | | loan has been funded and recorded, you may now |
| Once your have made on offer on your home with | | | | move in to your new home. |
| your Realtor and the contract has been accepted by | | | | Again, it is of paramount importance to use a Realtor |
| the seller, you move in to the inspection period. | | | | that knows what they are doing, that has ample |
| Generally, you have ten days to conduct inspections. | | | | experience, and makes sure you best interests are |
| It is a very good idea to have the home inspected | | | | priority. Please visit the link below to get in contact |
| by a professional home inspector. If you do not | | | | with a professional, experienced, educated, and |
| know one your Realtor should be able to recommend | | | | aggressive Realtor. You will get the quality |
| one. A home inspection will cost anywhere between | | | | representation you deserve. |
| three hundred dollars and five hundred dollars | | | | |