17 Point Checklist for first-time home buyers

After you call a Wexzilla realtor (ok, I couldn't help shameless self-promotion) ,  follow this step-by-step home buying checklist.

Determine your wants and needs: style of home, size, price, location

1. Get pre-approved for a mortgage, shop for rates, and get a fixed-rate mortgage
2. Consult a Realtor who can help you find and show you homes within your parameters
3. Go to PolicyMap.com to check out neighborhood demographics, schools, crime, zoning, etc...
4. Research homes on Zillow, Roost, Trulia, Move, Wexzilla and Coldwell Banker.com to name a few
5. Do a comparative Market Analysis of the subject home you fall in love with
6. Prepare an offer with the help of  your real estate agent based upon the CMA and your financial situation
7. Make sure the agent goes over the Phoenix AZ Real Estate purchase contract line by line so that you understand the contract, contingencies, important dates and buyer and seller responsibilities.
8. After your contract is accepted (the power of positive thinking),
9. Open escrow at a Title Company who will provide Title Insurance and a Title report
10. Read the Title report with you Real estate agent to make sure there are no liens or encumbrances
11. Hire a certified home inspector to inspect your home in great detail.
12. Request repairs should anything come up by a licensed contractor or specialist. Ask for receipts from the seller to confirm the work is completed.
13. Stay in contact with your lender to make sure all required financial documents and appraisal are completed in a timely manner.
14. 1-3 days prior to close of escrow make sure the sellers belongings  are removed, repairs are made, the home is clean and there are no new damages.
15. Make sure you have home owners insurance and an extended home warranty policy (with pool/spa coverage if it pertains)
16. Sign loan and closing documents at the Title and Escrow company on or before the Close of Escrow date.
17. Accept the keys to your new home and now is when the fun starts.

Enjoy this process, and make it much more settling with the help of an experienced Phoenix AZ Real estate agent.

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Copyright © James Wexler *Home Buying 101 - Checklist for Beginners*

If you are considering life in Phoenix AZ or living in Scottsdale AZ  hire an agent who knows the area and has the experience to get the job done.

Call 480.221.8080 to find out more about Phoenix AZ real estate and life in Scottsdale AZ