Phoenix Home Buying 101

Phoenix Home Buying 101 Guide - Phoenix Urban Spaces

The Phoenix area is one of the best places to live in Arizona, and with the current state of the central Phoenix real estate market, it’s the perfect time to buy a Phoenix condo. There are many condos for sale in Phoenix and surrounding areas, including Scottsdale and Tempe. To better help those looking to buy, we have a few pointers and things to consider before beginning the search.

Complete a pre-approval process

If you know which bank you want to work with, contact a representative about going through a pre-approval process that will indicate how much you will be loaned to buy your home.

The numbers provided by the pre-approval are usual when it comes to narrowing down choices. For starters, it will give an idea of what you can afford to buy.

It will also provide an idea of what areas in town are options.

Study the jargon

When buying a new home, learning the financial terminology is key. Many terms can sound similar but may mean different things.

No buyer wants to end up paying more simply because of a couple of confusing words, so know and understand the terms.

Know what you want

Looking for a new place to live is much easier when a buyer knows what he or she wants. Important things to narrow down are:

  • What areas and neighborhood are you interested in?
  • Are school districts an important variable?
  • How much space/ rooms do you need?
  • Anything in particular that you require? (covered parking, pool, etc.)

Research mortgage/loan options

In some cases, the traditional 30-year mortgage isn’t the only option. If you are interested in something different, you can talk to a loan officer about other options and if they are suitable for the purchase and financially feasible.

Research Phoenix, AZ, real estate agents

Look into hiring a real estate agent. Not only do real estate agents help find a home, they make the process easier for the buyer. Real estate agents are familiar with the housing market and can narrow down possible homes and condos much more efficiently.

They can also guide a buyer during the financial aspects (such finding the best bank or loan officer to work with), the pre-approval process and, best of all, can handle the negotiations to best benefit the buyer.

Scottsdale, AZ Condos For Sale

We at Phoenix Urban Space have the top real estate agents in Scottsdale, AZ and the entire Phoenix metro area. Scottsdale real estate agents are here to help those interested in condos in Scottsdale. Luxury condos in Scottsdale are currently a hot buy. Click here to view more condos in Scottsdale, AZ.

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