In something as complicated as a real estate transaction, avoiding mistakes is paramount. Here are some mistakes that can cost you time and money.
Not getting pre-qualified or pre-approved
Getting pre-qualified or pre-approved from your lender strengthens your negotiating position. It tells agents and sellers you are ready, willing and able to buy an Arizona home.
Not seeking advice from a professional Arizona real estate agent
When starting your search for metro Phoenix homes for sale, find someone you respect and trust and allow them to help. Don’t jump from agent to agent because you saw their name on a sign outside of a house that you might like. The seller’s agent works for the seller! Find someone who will work for you. Interview at least three Arizona real estate agents and choose the one you feel most comfortable with and who will focus on your needs. Look for advanced training, credentials, licensing and experience.
Not getting enough information about your future Arizona Home
Arizona real estate varies widely by city and neighborhood. The Chandler real estate market is different from the Scottsdale real estate market which differs from the Surprise real estate market … and within differing cities are highly different neighborhoods. Obtain market statistics and sales records for the area you are considering; research school scores, deed restrictions and taxes, also.
Not looking at enough Arizona houses for sale
Its homework, but its fun homework. Unless you already know that you want to live in Gilbert, Arizona or downtown Phoenix, for example, the more you see, the more you’ll learn about what you want and what each residence affords in lifestyle. Don’t make a final decision until you feel you’ve seen enough Arizona homes for sale to pick the best one.
Not picking the brain of your professional Arizona real estate agent
Don’t be afraid to ask questions! You’re not supposed to know everything about buying a home. Knowing you picked a qualified, professional Arizona real estate agent, your agent should be an invaluable source of information … use this to your advantage!
Fear of losing a specific house for sale
If time is on your side, don’t fall in love with the first home you see. In our metropolitan Phoenix real estate market, new listings pop-up all the time. If you’ve done your homework as set out above, you’ll know the best deal when you see it.
Not inspecting before purchasing
A property inspector, with knowledge of Arizona real estate construction should perform a thorough inspection of the home. You want to know if there are any issues with the roof, plumbing, electrical, etc. Even small problems can add up to costly repairs, and before buying any Arizona real property it’s important to know those costs.
Not starting with a low offer
The greater Phoenix and Scottsdale real estate market is a buyers market! The seller can always make a counter-offer, and you can counter back until an agreed on price is reached.