Avoid 10 Common Mistakes Arizona First-Time Home Buyers Make
Unfortunately, most first-time home purchasers do little research before investing their money. This special report is designed to help you avoid 10 crucial, but common mistakes. As your Arizona real estate professional, I can help you make good sound business decisions based on your personal situation.Buying a beautiful Arizona residence is a wonderful and sometimes stressful experience. You may undergo a roller coaster of emotions while finding the right home, securing a loan and finally moving in. Up to that point, a first time home purchase is usually the largest investment we’ve ever considered. Don’t, however, let your business judgment be clouded by the glee of purchasing something as personal as your first home.
- How Much to Mortgage - Honestly discuss your income level and living expenses. Take future considerations into account; children, add-ons, amenities, and fix-ups. Your Arizona dream home is worth a sacrifice but you shouldn’t mortgage your entire future.
- View Several Homes - See at least 7-10 properties. Together we will view enough properties to give you a good grasp of the current housing market according to your specifications. When we find the right property you will know it because we did our homework upfront.
- Picture the Property Vacant – Picture a blank canvas … the seller’s furniture doesn’t stay, it leaves with the owner. Your furnishings and accessories will be filling this new residence.
- Be Diligent – Understand all costs and expenses before signing, i.e., taxes, insurance, utilities, maintenance and any home owners association fees. Make sure all utilities (electric, water, gas) are on during you’re the inspection and walk-through so you can verify that everything is in working order. Now is the time to ask lots of questions.
- Team Work – Buying Arizona real estate is a team effort. You will have my entire team at your disposal. Utilize your lender, myself, and the title representative to work cohesively for your benefit. Explore all the options before signing.
- Inspect, Inspect and Inspect – Hire a professional home inspector and go over the inspection report carefully, understand what you are buying. For condos or single family homes with associations, read the CC&R’s, By-Laws, and Association Rules. Unexpected surprises are lessened by thorough inspections!
- Put it in Writing - All agreements and discussions should be in writing. Don’t make any assumptions nor accept any assurances. Memories fade and even the best intentions can be misinterpreted.
- Be Flexible – It is not uncommon for circumstances in a real estate transaction to delay closing dates. Allow for these contingencies and have a back-up plan ready. If you or the seller needs more time to conclude any arrangements, don’t let these delays frustrate or upset you.
- Final Walk-Through – Perform a final walk-through of the property after all the sellers furnishings have been moved out. Be sure that the property was left exactly as agreed upon in the contract. Things may happen during the moving process that were unintentional, but will become apparent during a final walk-through.
- Loyalty – Take the time to select the right real estate team from the beginning and your first home purchase will be a pleasing experience, full of memories that you will enjoy for years to come.