Step 3 - Identify your housing NEEDS
Where do you want to live?
How many bedrooms do you need?
What features and amenities do you need?
Do you want new construction or resale?
What School district do you want to live in?
These are just a few of the many questions your REALTOR® will ask during the comprehensive property identification interview - designed to define your needs and translate them into a search for matching properties.
Step 4 - Finding and buying your new home
Once your house hunt has reached a point where you have found the home you want to buy, the next step is to write the offer.
If you are purchasing new construction, in almost all cases the contract has been prepared by the Builder, and your choices are to accept it the way it's written, or to decline and move on. Your REALTOR® should assist you in making sure the terms of the contract are fully explained to you by the Builder's Sales Representative (who represents the Builder - not you, the Buyer).
If you are purchasing a "resale" property your REALTOR® will research the market value of the property, and then help you draft your offer using the Arizona Association of REALTORS® Residential Resale Real Estate Purchase Contract.
This stage is critical to you as a Buyer. An oversight in the negotiation process could cost you thousands of dollars. Having an experienced full time professional representing you and helping you navigate the sometimes dangerous waters of counter offers, inspection period, repairs requested and successful close of escrow is essential to your successful home purchase.
Good information for all Buyers - whether first time, relocation or investor - be sure to check out this series!