Many people are overwhelmed with the idea of purchasing a home. Knowing the steps to buying a home can make the process much smoother. Here are the first few steps to take on your path to home-ownership.
1) Select a Real Estate Agent
The first step can be overlooked in the process and sometimes people do this step after they find their perfect home only to find out the home is no longer on the market or is out of their expected price range. When you decide you want to look for a home to purchase, your first step should be to find a real estate agent to help you with the process.
2) Obtain Financial Pre-approval In Arizona, you can not submit an offer on a house without a pre-approval letter or a proof of funds letter. After you select your real estate agent, you should talk with a lender to get a pre-approval letter and know what your price range is for a house.
3) Buyer’s Consultation Once you have obtained a pre-approval letter, an important step is to meet with you real estate agent and discuss what you are looking for in a home. During this meeting, your real estate agent will see what your want in a home, what you need in a home, and what your deal breakers.
4) View Properties
The next step is to view the properties in person. Contact your Realtor and request to see a property on a certain day. It is best to give your agent a window of time that you want to view the property. The agent will then reach out to the listing agent to make arrangements to see the property. Note: Sometimes 48 hour notice is required to view properties, as in the case of tenant-occupied properties.
Stay tuned for Part 2 -- Making an Offer on your Next Home
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