A Buyers Guide to Buying a Home in Arizona
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?
Contact me for a free buyer consultation
The Claims History Report
First, lets just clear something up... The Claims History is NOT the same as a CLUE report. We do not get a CLUE report from the insurance company. A CLUE is a Comprehensive Loss Underwriting Exchange report. A CLUE report will give you the claims history, sure, but...
The Sellers Disclosures (SPDS)
The Sellers Property Disclosures Statement is commonly known in the Real Estate world as the SPDS (or Spuds, but never spell it that way!). In the state of Arizona, we are what you would refer to as a Disclosure State. That means that the seller of a property is...
Proof of Funds
When you are buying a home with cash, the contract states that a proof of funds (POF) will be provided. There is no standard form however. Proof, is proof. So, what would be considered a valid proof of funds? Bank statement. If you choose to do this, you should...
The Cure Notice
In the purchase contract, there are MANY items that both parties are responsible to follow. If you do not follow these terms of the contract, you may be in breach. However, according to the Arizona Purchase Contract, if you are outside of the terms of the contract,...
Designations and Certifications
I am extremely proud to hold the alphabet soup next to my name, but I know that it can be confusing if you don't know what this mess of letters mean. Let me explain. In real estate, we have 24 hours (30 for brokers) of Continuing Education (CE) classes to take every...
Can You Waive the Appraisal Contingency?
In todays competitive market, a lot of buyers are getting desperate in their offers. We're seeing many people shortening their inspections, waiving the appraisal contingency, making their earnest money go hard and all kinds of things. Today, lets talk about the...
What is being considered in multiple offers
Do you want to make your offers stand out in this market? What are you up against? What are the winning offers doing? Lets review the multiple offer presentation form, so that you can see exactly what a seller is considering when reviewing multiple offers. It's not...
230 N Mt Vernon Ave in Prescott AZ for Sale
Anyone that has ever visited Prescott has likely driven down Mt Vernon Ave and dreamed of owning one of the charming historic homes along the street. 230 N Mt Vernon Ave has been meticulously maintained and renovated in it's historic charm. Now you have a chance to...
You Can Have it ALL
2099 E Carson Dr, Tempe, AZ 85282 - Where Dreams Come True Is it too much to ask for a home that has it all? No... Do you want a fully remodeled home, centrally located in Tempe, with amazing schools, and freeways nearby? With quick access to parks,...
Welcome to Hotel California
This one reminds me of the song Hotel California. You know, where you can check in, but you may never leave? It's not as ominous as all that... it's just that we had such a hard time finding comparables for this home. The reason was that people seem to...