Thinking about buying a Home? Better have all your ducks in a row.

“With the housing market beginning to level off here in Phoenix area, many people feel that now is the time to invest in a home, weather your a 1st time buyer or just moving up.

Have you been online looking at homes, driving neighborhoods checking out open houses. Then I am sure you have realized that homes are flying off the market, homes are moving fast here in Phoenix. So you better have all your ducks in a row.

Are you confused about how to started lining up those ducks or have a few simple questions?

 One of the first to-dos in the home buying process is to get your finances in order and get a pre-approval from a lender.  Start shopping for your loan.  This will take the guess work out, you will know exactly what you are qualified for and that you ARE qualified.  
Putting you ducks in a row.  Finding the right loan and lender is very important to your home buying success. I always suggest speaking with at least three lenders before you decide which loan to take. You may be surprised!

A mortgage broker looks at several different loan companies to find you the best interest rates and programs out there.  However, your small local bank or your credit union may have options as well that will save you money.  

The lender will perform an extensive check of your finances including your credit rating, whether or not you're a first-time buyer, what your debt load is, how much money you have to put as a down payment, etc. This figure will be a much more reliable estimate of what you can afford.

In most markets, pre-approved buyers are preferred over those that are merely pre-qualified. Being pre-approved lets the seller know you have gone through an extensive financial background check and there should be no unexpected obstacles to you buying their home. After finding a loan with the correct terms you can begin shopping for a home. NOW that putting you duck in a row.  

 

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Linda G. Wieczorek ABR,CNE, CSSN,SRES^®
REALTOR®,  602-391-8246
Arizona Elite Properties /AZPrideProperty.com
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Buying a NEW HOME? Bring Your Buyer’s Representatives with you a Realtor

Bring Your Buyer’s Representatives a Realtor

Why Every New Home Buyer Needs the Representation of a Realtor

New home sales here in Phoenix are UP, and have been for some time NOW,  and here in the Phoenix Area buyers are searching for a Newly Constructed or yet-to-be-constructed home. Unlike conventional home buyers, these buyers are generally less knowledgeable about real estate than the HOME SELLER are, since the sellers of NEW HOMES are DEVELOPERS and that’s what they do for a living. 
Because of the special complexities of a new home purchase, BUYERS are in desperate need of representation and counseling. Buyers NEED there OWN Representation. But many buyers feel when purchasing a New home, that they don't need a Realtor. When in fact it is preferred.
Realtors Are Your Advocate During the Process * Bring A REALTOR * The new Home Builder will have you sign a waver letting you know that THEY represent THE BUILDER NOT YOU! 

Employing the services of a Realtor, particularly when purchasing a newly constructed home, will give buyers an extra line of defense against many of the common issues that arise during the buying process. Rather than battling the builder ALONE when problems arise during construction, your Realtor will take matters into their own hands and work to assure that any problem is corrected in a way that is suitable to you.
 
Realtors are also experienced in contracts and contract negotiations. While the wording of a contract may be somewhat cryptic to the buyer, a Realtor can clarify any wording that is confusing and work to get changes made to contract stipulations that are unsuitable. This will help to prevent misunderstandings and misleading contract terms that are binding, once a purchase agreement is signed.

Still Want to Go It Alone?

While some have successfully purchased homes directly from a builder, buyers should ask themselves if this is a risk that they are willing to take. In most cases, the peace of mind and protecting that is given by using a Realtor is well worth their commission. By choosing to purchase a newly constructed home through a Realtor, the likelihood of a positive outcome is almost assured, from start to finish. 

Call Linda Wieczorek 602-391-8246