4 minute read
Residential Real Estate
PLANNING TO PURCHASE A HOME IN 2020? THESE SHOULD BE YOUR FIRST STEPS
By Chad Arend loan officer can give you an accurate
The process of purchasing a home time is ready. This includes paying off can certainly feel daunting, debt, saving more for a down payment, especially if it’s your first time. working to improve your credit score, I always recommend that my clients etc. Knowing this is critical for financbreak the process down, handle it step- ing, as sometimes it’s not what you’d by-step, and don’t wait until the last expect – for example, in some cases, it minute. A buyer with realistic expecta- may be wiser to save more cash rather tions and an education on the process than paying down your debt. makes everything much smoother, idea of what you’ll need when the resulting in a positive experience. The Second, establish a timeframe of when steps below would most likely be ap- you want to move into your new house. plicable whether you are a first-time This should be fairly easy for most. Do buyer or own a home currently and are you have a lease expiring? Kids starting looking to upgrade/downsize. or getting out of school? You’ll want to work backwards from there. A typical First, check in with a mortgage broker closing takes 30-40 days from the time or loan officer. Find a referral if avail- an offer is accepted. I usually find that able, as quality can unfortunately vary most buyers shop around for one or based on experience and knowledge two months for their new home. So, a of the lender. I recommend connecting good rule of thumb is to start actively with a lender as early as you can, even shopping three months before you want if your timeframe still feels distant. The to move in.
Chad Arend - Realtor Neighborhood Specialist Chad Arend - Realtor Neighborhood Specialist Chad Arend - Realtor Neighborhood Specialist
Next, you’ll want to have an idea of the general location you are targeting AND what the typical price points are in that area. Does the average price point match your budget? It’s easy to find range of pricing either from an agent (hopefully me!), and my site showing all homes for sale. You don’t necessarily need to be specifically shopping at this point, however targeting a general location you love will make it easier to narrow down and is typically the biggest factor in the buying process.
Now, you’re prepared to actually start shopping for homes when the time is ready. Establish your “must haves” and “would like to haves” and start using the website (www.thearendteam. com) to put together a saved search to start reviewing specific properties. Start broad to begin with so you get a sense of what you can get at your price point, and then begin to narrow it
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down from there. If there are too many results in your search, it’s sometimes just as hard to find the perfect home as if there’s very little inventory in your search parameters. Start making a list of the homes that catch your interest and schedule a time to tour them. This is the fun part! You can request a tour directly on my site or call me directly to set up an appointment.
Happy New Year, and Happy House Hunting!
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We have the experienced team to handle the complicated We have the experienced team to handle the buying process of short sales, lender owned homes and complicated buying process of short sales, lender investor flips. We strive to make sure how clients are happy with our service every step of the way, from initial marketing meeting, to after closing. We promise you won’t be disappointed. • Local market knowledgeable • 14 years full time real estate experience We have the experienced team to handle the complicated buying process of short sales, lender owned homes and investor flips. We strive to make sure how clients are happy with our service every step of the way, from initial marketing meeting, to after closing. We promise you won’t be disappointed. owned homes and investor flips. We strive to make sure how clients are happy with our service every step of the way, from initial marketing meeting, to after closing. We promise you won’t be disappointed. • Local market knowledgeable • 14 years full time real estate experience • Excellent follow up skills Chad Arend Realtor Direct: 602-740-2074 Email: Chad@TheArendTeam.com www.TheArendTeam.com Chad Arend Realtor Direct: 602-740-2074 Email: • Excellent follow up skills • Aggressive negotiation tactics • Extensive marketing campaigns • Local market knowledgeable • 14 years full time real estate experience • Aggressive negotiation tactics • Extensive marketing campaigns • Large client base with multiple referral channels • Community & Neighborhood involvement Office: 21630 N 19th Ave Ste B8 Phoenix, AZ 85027 Chad@TheArendTeam.com www.TheArendTeam.com Chad Arend • • Large client base with multiple referral channelsExcellent follow up skills 14 • January 2020Office 21630 N 19th Ave Ste B8 Phoenix, AZ 85027 Realtor Direct: 602-740-2074 Email: • DEER VALLEY TIMES • Community & Neighborhood involvement• Aggressive negotiation tactics • Extensive marketing campaigns Chad@TheArendTeam.com www.TheArendTeam.com • Large client base with multiple referral channels Community & Neighborhood involvement
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