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Choosing a REALTOR®
Aside from choosing your new home, the most important decision that you will make when buying a home, is choosing the right real estate professional to represent you. It is important to have your own representation of an Agent, who is not also representing the Seller. I do not partake in dual representation, so that I can provide my utmost loyalty to my client. As your Buyer's Agent, my job is to help you to find the right home, negotiate the best possible terms, and assist you through the details of your purchase. I will explain the steps to buying a home, and familiarize you with the documents and negotiation process that you will experience throughout your purchase. And, a Buyer's Agent is paid directly by the Seller, so there is no cost to you to have your own professional Agent to assist you with the purchase details.
As your Buyer's Agent, I will be: - Knowledgeable about neighborhoods.
- Aware of local and state requirements that affect your transaction.
- Effective in negotiation.
- Highly-trained and up to date on changes in the real estate market.
- Focused on Technology.
- Supported by a professional Broker.
Financing
Most real estate professionals and mortgage lenders recommend pre-qualifying for a loan before selecting a home to purchase. In Arizona, this is a requirement prior to placing an offer on a home. This process will help you:
- Determine the price range you can realistically afford.
- Understand the types of loan programs that you qualify for.
- Determine what your monthly payment will be.
- Estimate the down payment and closing costs.
The Loan Process
If you do not readily have a mortgage lender in mind, As your Buyer's Agent, I will provide you several mortgage lenders to interview. Once you have made your decision, these are the steps of the process:
Application - The lender will obtain all pertinent documentation from you. Fees and down payments are discussed, and the borrower will receive a Good Faith Estimate, and a Truth-in-lending statement, which itemizes the rates and costs that are associated with the loan.
You will be asked to provide certain documents to your lender, so that your loan can be processed in a timely manner.
Loan Submission - Once all the necessary documentation is in, your file is submitted to lender underwriting for approval.
Loan Approval (Underwriting) - Loan approval, or underwriting, generally takes 24 to 72 hours. All parties are notified of the approval and any loan conditions (any further necessary documents that may be needed from the buyer), that must be received before the loan can close.
Closing - Closing is usually held at a title company. All final sales papers are signed at Closing. Once all parties have signed the loan documents, they are returned to the lender. If all of the forms have been properly executed, the lender sends the loan funds by wire transfer. At this point, the borrower finishes the loan process and actually buys the house.
Finding and Choosing the Right Home
As your Buyer's Agent, I will help you find the perfect home, based on the criteria that you establish. There are many factors to consider in selecting a property, including location, number of bedrooms and bathrooms, local schools and features of the home and neighborhood.
I will research available properties, and show you the homes that best meet your needs. If you find a property that interests you through the Internet or your own research, let me know, so that we can arrange a time to tour the home. I can show you homes listed by other companies, as well as homes that are listed with my company. You are not limited to using the agent who is named on the "for-sale" sign.
As you view different properties, your criteria may change. Open and direct communication between us, is a key element of a successful property search.
Making and Offer
Once you have found the home that you wish to purchase, as your Buyer's Agent, I will do all the necessary research to help you come up with an effective offer.
This is where my experience and negotiation skills come into play. When an offer is made, the Seller will have the option of accepting, rejecting or counter-offering. I will help you to negotiate the best possible terms for you with the Seller's Agent. However, no decision's are made without your consent.
As your Buyer's Agent, I will draft the purchase agreement, advise you of protective clauses (contingencies), customary practices, and local regulations. Home warranty, title, and escrow arrangements will be detailed in the offer. ALTHOUGH I MAY GIVE YOU ADVICE AND INFORMATION, IT IS YOUR DECISION AS TO THE EXACT PRICE AND TERMS THAT YOU WISH TO OFFER.
Managing the Escrow
When the purchase agreement is accepted and signed by all parties, as your Buyer's Agent, I will open escrow for you and your earnest money will be deposited. The escrow is a neutral third-party that will receive, hold, and distribute all funds associated with your transaction.
Removing Contingencies
Prior to closing escrow, all of the contingencies of the Purchase Agreement must be met. I will help coordinate this process. Typical contingencies include:
- Approval of the Sellers Property Disclosure Statement.
- Approval of the preliminary title report.
- Loan approval, including an appraisal of the property.
- Physical inspections of the property.
- Pest inspection and certification.
- Acquisition of homeowner's insurance.
Closing Escrow and Moving In!
When all of the conditions of the purchase agreement have been met, you will sign your loan documents and closing papers. You will deposit the balance of your down payment and closing costs to escrow, and your lender will deposit the balance of the purchase price. The deed will then be recorded at the County Recorder's office and you will take ownership of your home.
Having your Own Buyer's Agent s a valuable source of helpful tips for planning and coordinating your move. |
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BUYING SERVICES FOR TUCSON AREA HOME BUYERS
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Congratulations! You have decided to purchase a home, or are thinking about buying one. You'll be joining the ranks of hundreds of people who realize that home ownership offers a number of benefits including building equity, saving for the future, and creating an exclusive environment for your family. When you own your own home, your hard-earned dollars contribute to your mortgage. The equity you earn is yours. Over time, your home will increase in value.
In the following reports, you'll find the information you need to make a wise buying decision. I will take you through the planning process step-by-step , to help you determine which home is right for you. You'll find a host of informative articles on why you should be represented by an agent when you buy a home, mortgage information, what to look for when viewing homes, making the purchase offer, closing details and moving tips.
Please contact me if you have any questions about buying a home in Tucson or any of the the surrounding areas.
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Below, select helpful articles that provide important information that will benefit you directly. The article will be forwarded to your e-mail right away.
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Important Reasons Why You Should Use a REALTOR When Buying a Home
A REALTOR can help you in so many ways when buying a home, and the Seller typically pays their fees. The Listing agent is already representing the seller's Interest. YOU DESERVE TO HAVE A PROFESSIONAL ON YOUR SIDE!
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Buying your First Home
Many renters are starting to think about buying a home of their own. This article highlights several factors that should be considered when buying a home.
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The Right Home at the Right Price
This article helps you become a savvy buyer, by pointing out some of the pitfalls inherent in the home-buying process.
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How Much Home Can You Afford?
Information on how to determine what price range you can afford, and what things to keep in mind when budgeting to be a homeowner.
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But Do You Need It
Buying a home can be an emotional, time-consuming, and complex process. There are a few things that you can do to help make the process go as smooth as possible.
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Avoid Common Buyer Errors
Some buyers, however, caught up in the excitement of buying a new home tend to overlook some items. When you have a systematic plan before you shop, you’ll be sure to avoid these costly errors. Here are some tips on making the most of your home purchase.
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Traditional Mortgages, Understanding Your Options
How can you borrow money to buy a home? This article contains Information about several different options that are traditionally used to financing a home purchase.
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How to Find the Right Mortgage
How do you find the mortgage that is right for you? This article contains information to help you get started.
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The Truth About Appraisals
When you buy a home, a lender requires an appraisal of the property. Here is more information on appraisals and how they are used.
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What is a Home Inspection, and Why is it Important?
A professional home inspection provides detailed information about the home you are considering. Does it need repairs? Are there safety issues? Here is more information about the inspection process and it's importance.
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Pima County Flood Zone Codes and Definitions
Find out flood zone codes and their definitions.
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Real Estate Dictionary
What does escrow mean? Who or what is Fannie Mae? There are many terms that are used in real estate that are unfamiliar. Here is a glossary that is sure to help.
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You have not selected any of the above reports.
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I have helped Buyers get the best deal for these homes!
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Let me work for you in your home purchase! 3140 W Bartlett Rd
8985 N Eaglestone Lp
1553 W Islington Ave
11101 E Tanque Verde Rd
10935 S Mare Dr
6505 W Knoll Pines Way
2044 E 33rd St
2832 W Capistrano Rd
7049 N Northlight Dr
3349 E Ventana Canyon Dr
421 E Waverly Rd
350 N Silverbell Rd Condo Unit
9150 E 33rd Pl
3250 E 24th St
7962 N Jensen Dr
1600 N Jefferson Ave
9400 E Indigo Mountain Way
2682 W Avenida Azahar
1512 W Argyle Ave
741 W Louisiana St
1631 E Camino Carreta
6697 W Avenida Del Arrabal |
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