Get a Realtor®
: You may question, “Why do I need a Realtor®?” After reviewing the information, you’ll soon find out the importance of having a Realtor® to assist you in the home buying process. A Realtor® follows a strict Code of Ethics as a prerequisite of the National and Arizona Association of Realtors®. Properties listed on the Arizona Regional Multiple Listing Service, a property database which only licensed Realtors® have access to be at your disposal for gathering potential homes of interest in your marketplace. As a Buyer, whether you are purchasing a new or resale home, a lot, acreage, a business or commercial property, we have specialists that can guide you through the process and assist you by providing up to date comparables to evaluate the value of the property prior to contract negotiations. There are many intricate details that an experienced Realtor® will know or can advise you to research which will help eliminate costly errors if you were handling a purchase without Representation.
Interview the Realtor®
: First, meet with a Realtor®, meet with two or three. Be honest and let them know you are interviewing agents for Buyer Representation. Find a Realtor® that you feel a connection with. Interview the Realtor®, ask for references, and contact their office manager or Broker, if you like. If your Realtor® came recommended to you, then you will still want to meet with them and have them go through the process of finding a property and the process of completing the purchase. Go to the Arizona Department of Real Estate to research a licensee. Verify they are a member of the National Association of Realtors which follows a strict Code of Ethics. Do they provide you with valuable information and make you comfortable to work with them? Are they listening to your needs? Have they explained Agency Relationships with you? It is extremely important during the process of purchasing a property to make sure your agent is representing you.
Starting the Finance Process
: The Realtor® may have a lender or a few that you can interview. Feel free to ask for references on any referrals you are given. In most cases, a Realtor® has worked with some lenders that have proven to be very honest, fair and diligent to their customers. The Realtor® may request personal identifiable information such as social security numbers, current or past residence’s, place of employment, length of employment, cash down payment, if any.
4) Be careful what you Buy: Please make an important note during your purchase where financing is involved, It is not a good idea to finance any purchases while acquiring financing for a property. Financing a new car, new furniture or new washer and dryer should be avoided. Wait until after closing to make any big purchases or speak to your lender BEFORE you finance anything else during this process.
5) Research Zero Down Payment Options: Speak to your lender and Realtor® about current mortgages, first time homebuyer mortgages and zero down payment programs available for those with minimal to zero funds on hand.