| When purchasing a home in Arizona, there are several | | | | is it is in your price range. |
| factors to consider. The first thing you want to do | | | | Once you have found your home, your Realtor will |
| when purchasing a home in Arizona is to get | | | | walk you through every step of the purchase contract. |
| pre-qualified for a loan so that you know your price | | | | That is what you hired them for, however, the seller |
| range. You will want to analyze your finances and | | | | pays the buying Realtor in most cases in Arizona so |
| determine how much you can afford towards a | | | | you get representation paid for by the seller. When |
| monthly mortgage payment each month by looking at | | | | you sell your home you will have to pay both the |
| your current bills, and your income. A lender is going to | | | | buying and selling Realtors. |
| analyze your debt to income ratio. If you have bills | | | | Other factors to consider when purchasing a home in |
| (without a mortgage or rent payment) of one thousand | | | | Arizona is insurance, home inspectors, and termite |
| dollars a month and you make three thousand dollars a | | | | inspectors. It may be a good idea to use the current |
| month, that would be a relatively good ratio. Basically, | | | | carrier of your car insurance when talking about |
| the lender wants to make sure you can afford your | | | | obtaining home owners insurance. This may save your |
| monthly mortgage payment. They will also look at your | | | | money since you have already established a |
| work history, credit score, and bank statements to | | | | relationship with your insurance company, and a |
| verify the things you say. | | | | multi-plan policy. If you have car and life insurance, you |
| Once you have determined how much you qualify for, | | | | will probably get a good rate with the company that |
| it is now time to find a Realtor to represent your best | | | | hold your current insurance needs. It may be a good |
| interest. Make sure that your agent has good | | | | idea to shop the rate just in case another company |
| experience, good work history, good education, and | | | | can beat the rate that you have with your current |
| references. The difference between a good Realtor | | | | carrier. Make sure that when you purchase a home to |
| and a bad Realtor may cost you thousands of dollars. | | | | get a home inspection. If you do not know any home |
| It is imperative to make sure you choose someone | | | | inspectors, your Realtor should have one in mind. Most |
| who knows the area, and knows the market | | | | lenders also require that you get a termite inspection |
| conditions. | | | | because a lender will not fund a loan if the home has |
| After you have chosen your Realtor, it is now time to | | | | termites. It is usually required that a termite inspection is |
| start looking for some homes. Just tell your Realtor | | | | done, and is definitely recommended to get one. If the |
| what you are looking in your price range, and they will | | | | home has termites, you can usually ask the seller to |
| pull up all the homes available in your search criteria. | | | | treat the termites so that by the time you move in, |
| Tell them what is important to you such as school | | | | they have been eliminated. After the lender sees proof |
| district, zip code, price, and square footage just to | | | | that the termites have been treated, you can move |
| name a few. You may want a pool, you may not. Tell | | | | forward. Do not be scared of termites, they are |
| your Realtor anything and everything that you are | | | | extremely common in Arizona and must be dealt with |
| looking for in a home. They will help you find it as long | | | | swiftly so that no damage is caused. |