North Phoenix Real Estate | North Phoenix Homes for Sale
  • Home
  • Advanced Search
  • Buying
  • Selling
  • Meet The Arend Team
  • Blog
  • Login
    602-497-2074
    Login
    602-497-2074

    Sign in to your account

    Need to reset your phone number?

    Don't have an account with us?

    Click here to sign up.

    Search Phoenix Homes

    TO
    Advanced Search

    Address Search

    Buyer Do's and Don'ts When Buying a Home

    Purchasing a home for the first time is one of the most exciting and important decisions someone can make. Making a mistake in the process can be devastating. However, most first-time home buyer mistakes are easily avoidable with a little bit of research and guidance from a real estate professional. Here are a few dos and don’ts to help prepare first-time buyers.

    1. Don’t assume you are able to buy a home just because you have saved for the down payment. There will be other pre-buying expenses related to purchasing the home that you need to anticipate. Anticipating these costs and investing up front will make the loan process much easier. Make sure you check your credit score as well, because this will determine your interest rates and insurance costs.

    2. Don’t make any huge purchases before you close. Lenders will re-check your debt load just before closing. If they see large additions to that load, they may back out on you, even at the last minute. Hold off on getting that new car, new furniture, new appliances, etc., until after you have closed.

    3. Don’t underestimate the cost of home improvements. If you decide to purchase a fixer-upper, assume that any updates you plan to do will cost more and take more time than you budget. This may be true for smaller home projects, too, such as remodeling a bathroom or refinishing hardwood floors.

    4. Don’t make an emotional purchase. You want to find a house that you love, but don’t let attachments to details fog your vision when it comes to making a smart financial investment.

    5. Do take a long term outlook on your purchase. Things like the kind of neighborhood or quality of local schools may not matter to you if you don’t have a family. Extra bedrooms might also not seem too important. Your ability to resell your home, though, is. Think through how your home may work if your circumstances change or how easily you might be able to resell it if that is what is necessary.

    6. Do choose the right lender. Look for one with a good reputation who delivers on their promises, especially in regard to the rate they offer and the timeliness of getting the loan in place.

    7. Do work with a REALTOR®. There are a lot of complex avenues to navigate as you purchase a home, and a REALTOR® will be able to offer you guidance and resources to manage it well. Everything from finding the right house, to negotiating the deal, to walking you through closing costs, a REALTOR® is the most helpful asset to your investment. Taking your time to find the right person is important.  Ask around for recommendations and interview a few agents. Find an agent whose schedule works with yours. Look for someone who has a personality you mesh with so the process can be as fun and smooth as possible.

    Like or Share
    Loading likes...

    Address Search

     

    Ready to see a property?  

    Click Here to set appointment

     

     

    Popular Areas in Community

    Looking for the perfect home in the perfect place? Chances are you'll want to check here first.

    North Phoenix 85085

    • Amber Hills
    • Carefree Crossing
    • Dynamite Mtn Ranch
    • Fireside at Norterra
    • North Gateway
    • Sonoran Foothills
    • Valley Vista
    • Villagio @ Happy Valley

    Anthem

    • Anthem
    • Anthem West
    • Anthem Country Club
    • Anthem Paseo
    • Arroyo Grande
    • Tramonto

    North Phoenix 85083

    • Eagle Ridge
    • I-17 & Dynamite
    • Preserve @ Boulder Mtn
    • Pyramid Heights
    • Stetson Hills
    • Stetson Valley

    Desert Ridge

    • Aviano
    • Desert Ridge
    • Fireside @ Desert Ridge
    • Toscana

    Other

    • Desert Hills
    • New River
    • Tatum Ranch
    • Tatum Highlands

    Search homes by School?

    Interactive Map Search

    How does the Home Buying Process work?

    Connect With Us

        

    Translate

  • Home
  • Advanced Search
  • What's My Home Worth?
  • Buying
  • Selling
  • Meet The Team
  • Blog
  • Featured Properties
  • Contact Us
  • Sonoran Foothills Real Estate
  • Amber Hills Real Estate
  • Tramonto Real Estate
  • Anthem Real Estate
  • West Anthem Real Estate
  • Fireside at Norterra Real Estate
  • Carefree Crossing Real Estate
  • Stetson Valley Real Estate
  • Stetson Hills Real Estate
  • Dynamite Mtn Ranch Real Estate
  • Valley Vista Real Estate
  • North Gateway Real Estate
  • Villagio @ Happy Valley
  • Anthem Country Club
  • Anthem Paseo
  • Arroyo Grande
  • I-17 & Dynamite
  • Eagle Ridge
  • Pyramid Heights
  • Preserve @ Boulder Mtn
  • Fireside @ Desert Ridge
  • Aviano
  • Desert Ridge
  • Toscana
  • Desert Hills
  • New River
  • Tatum Ranch
  • Tatum Highlands
  • 85085 Real Estate Stats
  • Homes by School
  • The Arend Team - HomeSmart

    The Arend Team - HomeSmart
    21630 N 19th Ave Ste B-8
    Phoenix AZ 85027

    Ph: 602-497-2074

    © 2018 - All Rights Reserved | Privacy Policy

    IDX Real Estate Websites by
    • Accessibility • Terms • Privacy