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Ready to Buy a Home? Here’s How the Process Works
Buying a home is a big step, filled with excitement, emotion, and sometimes a bit of stress—especially if it’s your first time. Along the way, you may find yourself wondering, Am I missing something? That’s a common concern. To help, we’ve outlined the home-buying process from start to finish, tailored to buyers in the Northwestern Valley and surrounding Arizona cities.
1. Start with Research
Begin by browsing online listings to see what homes are selling for in your desired areas. This will help you get a feel for the market and refine your wish list. When you're ready to share your goals with us, this preparation will make the process even smoother.
2. Determine Your Budget
Use an online mortgage calculator to estimate your monthly payment based on the homes you’ve found. Don’t forget to factor in utilities, insurance, and other monthly expenses to ensure it fits within your budget.
3. Get Pre-Approved
Before you start touring homes, get pre-approved for a mortgage. Gather documents like pay stubs, W-2s, tax returns, bank statements, and your credit history. Start with your current bank but compare rates with other lenders to ensure you’re getting the best deal. Remember, the amount you’re approved for is a maximum—not necessarily what you should spend.
4. Work with Trusted Agents
This is where we come in! As local experts and lifelong residents of the area, we’re here to guide you every step of the way. Whether you're buying in Surprise, Peoria, or nearby communities, we’ll help you navigate the process with confidence.
5. View Homes
This part of the journey can take time, so be patient. We’ll show you a variety of homes based on your preferences and provide expert advice to help you refine your choices. Stay open to possibilities, and don’t hesitate to share detailed feedback so we can adjust your search. You may even hear about a home before it hits the market through our network!
6. Make an Offer
When you’ve found “the one,” it’s time to act. We’ll help you craft a competitive offer based on current market conditions and guide you through potential negotiations. Keep in mind closing costs, which typically range from 2–5% of the home’s price.
7. Negotiate with Confidence
Negotiations are part of the process. We’ll advocate for your best interests while maintaining a respectful approach with the seller. The goal is to secure the best value for your investment.
8. Seal the Deal
Once your offer is accepted, it’s time to celebrate! You’ll make a good-faith deposit into escrow, which typically lasts about 30 days. During this time, the home is taken off the market, pending inspection and final approval.
9. Schedule a Home Inspection
Even if the home looks perfect, a professional inspection is essential. This ensures there are no hidden issues that could lead to costly surprises. If serious problems are discovered, we’ll help you negotiate repairs or a price adjustment—or even withdraw your offer, if needed.
10. Close and Get the Keys
With inspections complete and negotiations finalized, it’s time to close. You’ll spend about an hour signing paperwork, and then the keys to your new home will be in your hands.
Buying a home is a big milestone, and we’re here to make it as smooth and stress-free as possible. If you’re ready to start your home-buying journey in the Northwestern Valley or beyond, give us a call. Let’s find the perfect home together!