1. Making the Decision to Buy. There are solid financial reasons to support your decision to buy a home, and, among these, equity buildup, value appreciation, and tax benefits. Base your decision to buy on facts, not fears.
4. Buying a home doesn’t have to be complicated – we will help you along the way!
2. Hiring Your Buyer’s Agent. The typical real estate transaction involves at least two dozen separate individuals. It is our responsibility to coordinate all the professionals involved in your home purchase and to act as the advocate for you and your interests throughout. As Your Buyer’s Real Estate Agent we will:
3. Securing Financing. Many buyers are confused about the process or nervous about making such a large financial commitment. We will assist you in understanding the process of securing the financing to purchase your home, including: Choosing a loan officer (or mortgage specialist). We can recommend some to you, or choose your own; Procuring a “Loan Status Report”, to be attached to the contract; Submitting to the lender an accepted purchase offer contract; Coordinating the appraisal, title commitment and closing.
4. Finding your home. Looking for your home begins with carefully assessing your values, wants, and needs, both for the short and long terms. Some questions to ask yourself are:
5. Making An Offer. Now that you’re writing an offer, you need to approach this process with a cool head and a realistic perspective of your market. The three basic components of an offer are price, terms, and contingencies.
6. Close of Escrow. The final stage of the home buying process is the lender’s confirmation of the home’s value and legal status, and your continued credit-worthiness. This entails a survey, appraisal, title search, and a final check of your credit and finance. You just have a few pre-closing responsibilities:
In Arizona, "Close of Escrow" is defined as the time of recordation of the deed. Prior to recordation, the escrow agent will verify with the mortgage company that all paperwork and closing figures are correct, the monies have been received from the mortgage company and buyer, and all other documents and requirements are in order. The deed is then sent to the county recorder for recording. Once this is completed, you will be informed that escrow has closed and the home is yours!