Even experienced home buyers may not know everything they can do to make their Phoenix, Arizona home buying experience be all it can be. Although it is fun to find a new place to call home, it is definitely a serious business transaction. After all, for many people it is the single biggest asset they will ever own in their lives. It may help to know all the steps you can take to make it easier and in the long run even save you money.
It is important for you to use a real estate or buyer agent since buying and selling real estate can become very complicated. As with anything else involving your money, you should shop around for the right person. That basically means that you need to feel comfortable with the person you choose. No matter how many other clients he or she has, you deserve full attention when it is required. Your agent must have enough experience that they can work with a lot of balls in the air when necessary. Some of the things to look for in a good agent when you are buying a Phoenix, Arizona home are:
They stick to your price range and do not try to push you over your limit.
They promptly return your calls, emails, and faxes.
They help negotiate with the seller.
If needed they help you find a good inspector, appraiser, and attorney.
The real estate agent is only part of the equation. You also have the whole area of financing to deal with. There are things you can do to get things moving on that front:
Obtain copies or your credit reports from the three main reporting agencies; Experian, TransUnion, and Equifax. You are entitled to one free copy each year. Check each one for accuracy and get any errors corrected.
Know your own financial picture and how much can you afford to spend on a house and make the monthly payment comfortably? How much if anything do you have for a down payment?
Shop for your lender until you find someone you trust.
Request pre-approval from your lender so you will know for sure the range you can shop in.
A good lender will work hard to get you the best terms for your situation. In other words if you have stellar credit you should get a great rate and the best type of loan. If you have poor or less than perfect credit, your lender should work hard to find you an affordable loan, with the best possible terms. He or she should then explain how to repair your credit rating and how soon you will be able to refinance for lower interest and easier payments.
It is important that you have a great experience when you buy your Phoenix, Arizona home. Choosing the right agent and lender will take the drudgery and unexpected out of your transaction.
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