Buyers Guide
A simplified layout to home ownership. Click on any of the links for further information on that subject. Check back for more as more information is gathered and deemed necessary to add here.
Interview Real Estate agents
Getting Prequalified for a home loan (if using financing)
- Working with a qualified lender, how to choose the right lender.
- If purchasing with cash, obtain a proof of funds for your purchase
Writing an offer And MORE
- What happens if your offer is rejected
- What happens with counter offers
- What to do when multiple offers
Going under contract – accepted offer
- Understanding the time frames
- Potential Breach, and the Cure Notice
Opening escrow
Getting a Home Loan
The inspection Period
- The Sellers Disclosures
- The Claims History Report
- What are the buyers responsibilities
- What are the sellers responsibilities
- What are the agents responsibilities
- Types of inspections
- Outside the box thinking
- Ordering your Home Owners insurance
- What to expect when inspecting
- Is the home to code? No.
- How to choose an inspector and WHO
- Completing your inspection period (the BINSR)
- What repairs to ask for
The Appraisal
- How to prepare and what to expect
The Finance Contingency
The Final Walk Through
Signing the docs
Closing/Recordation
- When do you get keys?
Read the latest Buyer articles, from the blog.
What to Bring to the Closing Table
Listed below are the items you need to obtain and bring to your escrow appointment. Note: Make sure all of your lender’s requirements have been met before your appointment. Identification: In order to notarize your signature you must bring picture I. D. (current...
Understanding Property Taxes
Annual Tax Statement Annual tax statements are billed for the year, although they are not issued until the fall of the current year (September or October). Taxes May be Paid in Two Halves: • The first installment is due September 1 and delinquent November 1 • The...
Potential Issues With Title
Listed are potential scenarios in buying a home. For additional explanations please contact your local escrow office. These are situations that have created the need for a little extra Title Insurance. Scenario 1 The current homeowners purchased their property eight...
What You May Need When Getting a Mortgage
There are several steps you need to take when acquiring a mortgage. Sales contract on the purchase of your new home. Copy of sales contract and certified closing statement on your current home. For FHA loans: Copies of your Social Security card and drivers license....
Buying a Home
My goal is simple: To help you find your home and guide you through the daunting process that it is. It’s not as easy as knowing how many bedrooms you want. The Phoenix East Valley has every kind of home, in every shape and size. Every neighborhood has it’s own perks...
Before You Write the Offer
Most people believe that writing an offer consists of deciding a price…………….. Yeah, there’s a little more to it than that. Our purchase contract is 10 pages long. It is filled with information on what will be included in the sale, how the sale will work, the...
Fees Paid out of Escrow
Recently, I had a little disagreement with an Escrow rep. In this particular case, my buyers lender required that a bill be paid out of escrow. If my buyer had made a payment directly, it could take some time to reflect on the credit report, where being included on...
Is it up to Code?
Every buyer has the right to do an inspection on a home. Most will use a licensed home inspector to go through and touch and twiddle with every moving part, test all the functions of all the things… you see where I’m going with this. However, one of my biggest pet...
Contractual Time Frames
Without making this too complicated, here’s a brief outline of the timelines, as agreed to in a normal, boilerplate contract. Time for Acceptance – This is the time that the buyer is on the line for the contract, if signed and received within that time. This is not a...
Understanding Title Insurance
In Arizona, most real estate transactions are closed with a title insurance policy. Many erroneously assume that possession of the deed to the property is all they need to prove ownership. This is not true. Unknown title defects may attach to real estate. A property...