Posts Tagged ‘home buying’

Find A Good Arizona Real Estate Agent

The first, and most important tip when buying real estate, is that purchasing a home can be a lot easier when you find a top-performing local Realtor to help you buy the property. Buyers of Arizona luxury real estate are especially sophisticated, experienced people who expect the best from a luxury real estate agent. Depending on your buying needs, it is important to seek out a Realtor that will be a good fit.

For most luxury real estate buyers, this is not the first time they have purchased a home or other real estate. They already have experience in buying property and handling negotiations. They are already familiar with the good and bad qualities of Arizona real estate agents. They have also already informed themselves on available listings by using property searches publicly available on real estate websites.

Further Considerations When Arizona Home Buying

Always consider the location of the Arizona home you wish to purchase. Desert Mountain real estate, in the Phoenix area, is a popular neighborhood. Try to avoid properties near busy streets or places where a lot of people converge at particular times of the day.

Choose a house located in a community with viable economy, to ensure your property will still sell a few years down the line. Examine also the local services available, as well as the crime rate. A property near a good school is considered a good find. Do not be discouraged if the house is located in a community with higher property tax, as this often translates to better services and infrastructures.

Hire a home inspector to check whether appliances are in good working order, that the electrical wiring is in order, and determine the state of the heating and air conditioning systems. A good home inspector should also scrutinize the exterior of the home, including the roofing. Have the inspector check the plumbing, ventilation and the general foundation of the house.

Helpful Tips For Buying Arizona Real Estate

Hire a professional to help you close the deal successfully and to ensure that the deal is in your favour. You may interact with some dishonest and unscrupulous lenders present in the industry. So to help yourself, avoid signing a contract that you do not understand properly. Using a realtor or getting help from a real estate attorney is a good way to ensure you end up with a fair deal.

Knowing the purpose while buying your  property is important. Decide upon the usage and purpose of the property before you fix a deal. Make sure that your property has all of the amenities you desire. You will undoubtedly have to settle for a property that is less than ideal. However, the Arizona real estate market is full of exceptional deals, and with the proper amount of patience and due diligence, you should be able to find a home that is right for you.

Of course, location is very important. Metro areas of Arizona are known for their exceptional communities. So researching communities and discovering areas like real estate at The Boulders can yield some diamonds in the rough.

Tips When Buying Arizona Real Estate At Auction

So, the property you have set your heart on is for sale by auction. Don’t be put off. An auction can be a relatively straight forward process, and even be simpler than a private sale.

The key thing to remember about an arizona real estate auction is that if you are the successful bidder, you will be required to sign the contract of sale and hand over a deposit at the conclusion of the auction. Whereas in a private sale you can negotiate on price and get everything sorted before signing the contract, an auction requires you to do everything you need to be able to buy the property well in advance of the auction.

Here are some tips to help you before an auction:

1. Establish what you think the property is worth

Use an Arizona based real estate website with a real estate property search to find similar properties (in terms of location, number of bedrooms, bathrooms, carspaces). If you can find comparative properties how much are they on the market for? Call the real estate agents of these comparable properties and ask the agent what they believe the property will really go for. Don’t just take the listed price on the website. It may be also worthwhile purchasing a professional sales history report to show past sales of your property and of similar properties in the area.

2. Do your math on the purchase price

Understand what your offer would mean in terms of mortgage repayments, stamp duty and what deposit you would require. Even if your bank has pre-approved you for a larger amount than your offer price you are the one who is going to have to live with the repayment amounts each month, and you don’t necessarily have to borrow all that the bank is prepared to offer.