Phoenix, Arizona Coldwell Banker Real Estate Home Buying

By: Nick McConnell

Have you decided you want to purchase a home in Arizona? This is this first place you will want to start. When purchasing a home, it is of supreme importance to find a Realtor that will be aggressive for you. An aggressive Real Estate agent will work hard for you to obtain the best price possible. Everything is negotiable in Real Estate, and that is why you hire a professional to negotiate with you. Ultimately, the buyer makes all final decisions. A Realtor is there to guide you and to help you with all of the paper work needed to complete a Real Estate transaction and to quarter back the entire process.

The first step when purchasing property in Phoenix, Arizona is to get qualified for a home loan unless you are planning on paying full price cash. It is extremely rare when someone pays full price cash. When you purchase a home, you must obtain a loan. If you do not know a lender, your Realtor may be able to suggest one or two.

There are several purposes for getting pre-qualified. When you obtain a loan, you will have a monthly mortgage payment. In order to find out your monthly mortgage payment, you need to tell your lender how much you can afford to apply towards a monthly mortgage payment. The lender wants to make sure you can afford the monthly mortgage payment you think you are comfortable with by analyzing your income, and all of your debt. There is no way to tell if you are pre-qualified for a home loan until you contact a lender, and this process is free to do. If you are interested in finding out if you are pre-qualified for a home loan, this article is a good place to start.

Obviously, the more you can afford towards a monthly mortgage payment, the higher the purchase price is going to be. It is much like purchasing a car. The higher the loan amount the higher the monthly mortgage payment will be. Once you have determined your price range with your lender, they will send your Realtor a loan status report. At this point, you are now ready to start looking for homes in your desired price range and area.

Tell your Realtor what you are looking for. If school district, style of the home, pool, square footage, or zip code is important to you, tell your Real Estate agent so that they may perform a search. The best way to do it is to sit down with your Realtor at a computer with internet access, and search all available homes for sale with your search criteria. At that point, you can see what is available, scroll through pictures, and obtain more information about each home than you will know what to do with. This will help narrow the search. After you have found ten or more homes may be a good time to physically look at the properties with your agent.

Once you have found the home you like, you simply ask you Realtor to write an offer to purchase the home. Depending on the market conditions will determine the aggressiveness of the contract. There are times where you may have to offer over list price, and there may be times where you want to offer substantially below list price. This is why it is important to make sure your Realtor is up to date with current events.

When selecting a Realtor, be sure to ask the right questions before using this agent. Would you rather have a brand new Realtor that has lived in the state for a year with hardly any experience, or a Realtor that has lived in the area all of their life with ample experience. Make sure you ask for some credentials such as diplomas, letters of appreciation from past clients, and awards earned. This way, you can make sure your Realtor is educated, has a fine knowledge of the area, and has experience. When you are dealing with hundreds of thousands of dollars, this may possibly be the most important step. Make sure to interview your Realtor thoroughly.

A good Realtor will hold your hand through the entire contract regardless if this is the first home you buy, or the tenth. A good Realtor will always answer your phone calls, reply to your emails, and meet you in person during the course of the contract if you are uncomfortable sending paper work via fax. If you need an aggressive, educated, hard working Realtor with experience that has lived in the area all his life, please click on the link below.

America Properties
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