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Financing
Cash Buyer? Skip this step!
The first step is getting pre-qualified for a mortgage. You will need to provide some financial information to the lender who will review your information and determine how much house you can afford. This will tell you the price range of the homes you should be looking at. They will issue a “Pre-qualification” stating that your mortgage is pre-approved for a certain amount. We will need this document to bid or place offers on a house. Don't have a lender? No problem! I can get you in touch with a trusted local lender that is amazing! |
Not Approved? If your credit needs work, I can have a lender help with FREE credit repair and get you on the path to homeownership.
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Begin Home Search
I will work very closely with you to understand exactly what you are looking for and show you all the homes available that match your criteria. We will begin touring homes in your established price range. Out of state? Learn about our virtual showings HERE!
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Make an Offer
As soon as we find your dream home, I'll do a Comparative Market Analysis on the property to see if the home is priced right. I'll then be helping you structure your offer in such a way that we are going to negotiate the best deal possible. The seller will respond in one of three ways: an acceptance, a counter-bid or decline.
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Open Escrow
When your offer is accepted we take that contract to the Title Company (3rd party between seller and buyer) to open escrow. You will need to put down earnest money to show the seller that you’re a serious buyer. The earnest money will be applied towards your closing costs or down payment.
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The Inspection
It is recommended that you do a professional home inspection to discover any defects or malfunctions in the house. Homes in AZ are sold As-Is according to the contract, you may ask for repairs within the 10 day inspection period, but the seller is under no obligation to do so. If you're unsatisfied with the house, you may cancel and your earnest money will be refunded- so long as you do so within your 10 day inspection period.
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The Appraisal
An appraiser will come to the house and determine the value of the property. If the house appraises for at least the purchase price- Clap and cheer! You are on your way to close. If it doesn't appraise, the seller may reduce the purchase price to the appraised value. If the seller elects not to, you can either walk away and get your earnest money back, OR pay the difference out of pocket (lender will only finance the appraised value).
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Preparing for Closing
After the inspection is complete, I will keep working with your lender to ensure the loan is ready by the closing date. Time is of the essence, so be sure to review and sign any required disclosures. We will do the final walkthrough in the home to verify that nothing has materially changed since the inspection and the seller has completed any repairs agreed upon in a workmanlike manner.
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Taking Possession
Once all parties sign the documents and they are recorded at the local courthouse, I will meet with you to handover the keys to your new home!!! WELCOME HOME!
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