One of the most important aspects of buying a home is choosing the neighborhood. After all, you’re not just buying a new home, you’re deciding on the community where you will build a life! Consider these factors in choosing a neighborhood: Nearby Amenities Are you looking for a home near a good church, top schools […]
What is Escrow Account when buying home?
You may ask: What is Escrow Account when buying home? When you buy a home in Phoenix AZ with mortgages, you typically pay extra money into escrow accounts every month, along with their home loan payments. When you open an escrow account for your mortgage, the mortgage company will make payments on your behalf for […]
Top 3 Real Estate Deal Killers
Top 3 Real Estate Deal Killers When Buying a Home The way some people talk, it would take a miracle to make it from a signed purchase agreement to the closing table. But in reality, most real estate transactions go through with nary a hitch. Those that do hit snags, however, run the very real […]
What is earnest money when buying home in Phoenix AZ?
What is earnest money when buying home in Phoenix Arizona? When you are buying a home in Phoenix AZ, your real estate agent may ask you how much earnest money you are putting down when writing an offer. So, what is earnest money actually and how much earnest money I need to put down when […]
What Escrow means when buying home in Phoenix AZ?
What Escrow means when buying home in Phoenix AZ? You finally found your dream home, your Real Estate Agent had worked hard negotiate the best price, best terms and conditions. Now, I am the home owner right? Not so fast. Once purchase contract is accepted by Buyer and Seller, the next step of home buying […]
Budgeting to Buy a House
Budgeting to Buy a House No matter how good the credit rating, today’s homebuyer no longer has the luxury of buying with little or zero down. Unless you are low-income with good credit, or a veteran, no-down loans are also a thing of the past. Most lenders today want at least 20 percent of the […]
Ways to Take Title when Buying a Home in AZ
Ways to Take Title when Buying a Home in Arizona When buying a home in Phoenix AZ, home buyer must determine how they wish to hold title before they can close the escrow. Arizona is a Community Property State. There is a statutory presumption that all property acquired by husband and wife is community property. […]
What is Buyer’s Agent?
What is Buyer’s Agent in Real Estate transaction? Buyer’s Agent Q: Who Represents Home Buyers? A: NOBODY… unless you hire Buyer’s Agent to work with you. Introducing: Buyer’s Agent Services Listing Agents represent seller. Builder Home Sales Associate represent builder. Who represents buyers in real estate purchases? Only Buyer’s Agent and their Brokers represent buyers. […]
What is Debt to Income Ratio (DTI)?
First Time Home Buyer: What is Debt to Income Ratio (DTI) When Applying for Mortgage? A debt to income ratio is one way lenders measure your ability to manage the payments you make every month to repay the money you have borrowed. Lenders use your DTI ratio to evaluate your current debt load and to […]
How Important Is Your Down Payment on a Home?
First Time Home Buyer: How Important Is Your Down Payment When Buying a Home in Phoenix AZ? When buying a home, most people take on a mortgage. There are many things to consider when taking on a mortgage loan, including interest rate, closing costs and the down payment. Once you calculate how much house you […]
