This is the final step in the Phoenix First Time Home Buyer Series!
All 8 previous home buying steps are listed at the bottom of this article if you've missed any of them. Feel free to contact me if you have further question about buying your first home in the Phoenix area. Knowledge is Power!
Step 9: Enjoy your first new home!
Congratulations on completing your first home buying process. If you had the right REALTOR it was probably more easy and painless than you thought! Now that it's all done and over with...your paperwork is complete, … (11 comments)
Your inspection went well...what a relief! Now it's time for to finalize the deal. This is the last step before you get the keys to your new home.
You and your REALTOR will do a final walk through of the home. Here is a partial checklist of what you'll be looking for when you do your final walk:
Turn on light fixtures Run water in all faucets, and look under the sink for leaks. Flush the toilets completely. Test all appliances, including lights and timers. Run the garbage disposal and exhaust fans. Test the heating/air conditioning unit. Check your … (4 comments)
They've accepted your offer....congratulations! Now it's time for the inspection. As stated before, your offer was contingent upon the inspection going well, so the inspection is very important.
Term to know: Home inspection: a visual inspection of a home, made by a trained, qualified certified professional who has experience in evaluating all the component features in a house, and who is able to give a clear and accurate picture of the condition of these components.
The home inspection includes the inspector looking at:
You've seen all the houses you need to see, after implementing the Rolling Top 3, you've found your #1 choice. It's perfect for you, and you're ready to make a commitment.
First thing you want to do is evaluate if their asking price is a good deal. There are a few things to consider: (1) How much did similar nearby homes sell for, and (2) how long has the house been on the market? (Weary sellers needing to sell, may be more flexible.)
It's important to evaluate the market conditions to assist you in … (3 comments)
You've completed the hard part: determining your needs and wants. Now it's time to get busy looking!
Depending on what city you're interested in living in, your REALTOR will find homes that matched your checklist of needs and wants. This list could get really long. Therefore, when dealing with my clients, I narrow houses down to the ones I think they'll like best based on what they've told me and I explain to them the Rolling Top 3.
Term to know: Rolling Top 3: When looking at homes, … (13 comments)
If you're having difficulty with Step 2 and determining what you can afford, your lender will help you with this, as well.
When I first meet with my clients, I always have a list of trusted lenders I have used and had successful experiences with. Make sure to ask your REALTOR for their recommendation on lenders they're familiar with and trust.
When you set up an appointment with a lender, you want to be prepared. Here is a list of things you should have prepared for them before your … (8 comments)
Now that you've found a REALTOR, your REALTOR can guide you through deciding what you want or need and what you can afford. However, there are some crucial things to know before committing to owning a home.
When buying a home, a first time home buyer must have: -a guaranteed income and proof of that: when trying to get a loan, a lender will want proof that you are capable of paying back the loan. You will need to show copies of your pay stubs and proof that you receive … (12 comments)
This is one of the most important steps in finding a home, and I'm not just saying that because I'm a REALTOR, it's true!
Your REALTOR is responsible for making your home buying process as quick, painless, stress-free, and easy as possible. He/she needs to be someone you can trust, get along with, and someone who will listen to your needs and wants and work hard to logically and strategically make them happen. You want a REALTOR who is interested in making you happy, not their other clients and their … (14 comments)
phoenix first time home buyer: Why Having a Running Top 3 is Smart Game Plan when Buying a Home in Phoenix Arizona
- 02/14/11 11:27 AM
Why Having a Running Top 3 is Smart Game Plan when Buying a Home in Phoenix Arizona This past week or so I've been working with wonderful first time home buyers in Phoenix. When I am working with home buyers I teach them to use my Running Top 3 Game Plan as we're touring homes. After we've seen several homes I teach the buyers to rate the homes in terms of their 1st, 2nd and 3rd choice in homes. As we move on to the 4th, 5th, 6th or more homes, we keep track of the Running Top 3 and change the order as needed. As an example, the buyers that … (13 comments)
Anna "Banana" Kruchten is here to help you navigate buying or selling a home in Metro Phoenix. My blog is updated almost daily so be sure to subscribe and keep abreast of what's going on in the Phoenix Metropolitan Area.
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