We are here to help you purchase your new home, maybe even your dream home!
So many choices….what can I afford…what is available in my price range…..is the home a good buy at this price?
We are here to assist you in finding you a home…or it might just be a condo or a loft! As Realtors, we have worked with buyers since 1998 helping them find the home to meet their needs and dreams!
What do I do first you might ask? Think about how much you want to spend on your new home…are you purchasing it with cash or are you obtaining a mortgage? For mortgages, how much will you feel comfortable spending each month? If you are obtaining a mortgage, we suggest that you contact a Mortgage Broker and get pre-qualified, that will determine how much you can spend on your dream home! If you need suggestions on Mortgage Brokers check out the bottom of this page
Now, how involved do you want to be on the home search….you can be totally involved or not at all…its up to you. We have worked with clients at both extremes. If you want to be involved, we suggest that you use the real-time MLS for your searches, since some of the other real estate sites out there are only updated on a monthly basis. Don’t want you wasting time looking at homes that have already been sold! You can use the same MLS that we use simply by clicking here. Once you have registered (suggested), you can rate the homes and we will be able to know which homes you like, and which ones you have given a thumbs down!
Before we get to the fun stuff, looking for homes, we would like to meet with you for about an hour, to go over your wants and needs, your time line, and go over the process of purchasing a home. That way when you find your dream home, you will be armed with the knowledge you need, know the forms, and feel comfortable making an informed decision.
We want you to make an informed decision. While we are experts on the buying and selling of homes, we are not construction experts and we cannot tell you all of the facts of a certain area, Greater Phoenix is too big to know everything!
There are three important documents that we want to share with you. A general buyers information disclosure, a Stigmitized Property Disclosure to advise you about certain activities/conditions that we by law do not inform you about on your potential home purchase, and the last one is the Buyers Advisory that gives you the ability to research almost any information you might need to make an informed decision.
Let us help you, call us at 602-751-9060 (or text), or go to our contact page so we can get you started looking at homes!
Financing Your Home
If you are not paying cash for your home, you will need to obtain a loan. The lender will provide you with a Loan Pre Qualify form that will tell you the approved amount, what type of mortgage, and the name/address of the mortgage company. This document will need to be signed by both the Mortgage Company and buyer. Effective July 1, 2010 all non-bank Loan Officers must be licensed by the State of Arizona to close loans. Please ask to ensure your loan office is LICENSED! New regulations that went into effect Oct 2015 require mortgage lenders to give you advanced notice of finance charges in writing. A new Loan Pre-Qualification form is now in use as well, click here for that form. Your Realtor will need it for every offer if you are financing the purchase. Some lenders that we work with that might be able to help you obtain a mortgage:
Jeremy Schachter – Pinnacle Capital Mortgage at 602-265-5626
Oliver-Whalen Team – Nova Home Loans at 480-821-2577
Joe Edwards – Academy Mortgage at 480-650-4142 (NMLS #205013 │ State LIC AZ LO #913714 │ Corp State Lic AZ #BK0904081 │ Corp NMLS #3113 │ Equal Housing Lender │15333 N. Pima Road Suite 100 | Scottsdale, AZ 85260)
We love our International Buyers. It is a bit more challenging however to obtain loans if you are not a US Citizen. Most purchases from International Buyers have been cash (over 60%) since US Credit Agencies do not accumulate credit histories on people outside the USA. Our suggestion if you want a mortgage is to have your funds “seasoned” for at least six months in a US institution, or open an account with a large international bank that has offices in the USA, and use them for your mortgage.
Note to Condo Buyers – In order to get an FHA loan on a condo, it must either be FHA approved (Look it up here), or be “warrantable”. Generally speaking, for existing condo communities not under construction the community is warrantable if 70% of all units have been sold, and they must have been sold to OWNER OCCUPANTS. For recent condo conversions you must add the requirement that not more than 15% of the current owners are more than one month delinquent in payment of HOA dues or assessments.