Homes for Sale Payson AZ – Step by Step Checklist for Home Buyers

So, you are in the market to buy a home. You may be thinking, “How do I even start this Process?” Well, our buyer’s checklist below is here to help. In this checklist, it will cover everything from the first stages of the process like how much home you can afford and getting pre-approved for a mortgage all the way through making an offer and closing the deal.

Step #1 – How Much Can You Afford: The first step of the home buying process is to determine how much house you can afford. This is the time to calculate your debt, monthly expenses as well as your monthly income. Take a look at your credit report and FICO score. Also, use a mortgage calculator and figure out your down payment needed for a home in your budget.

Step #2 – Mortgage: Now is the time to get pre-approved and pre-qualified for a home mortgage. You will want to choose the mortgage type right for you. And make sure you talk to at least three to five different lenders while shopping around for the best rates and programs available to you as a home buyers.

Step #3 – What you Want & Research Neighborhoods – You will want to determine not only the location of where you want to live but the size and type of home you want to purchase along with your price range and style of home. Remember to research the neighborhoods you are interested in living in, too. Look on the internet for schools and any zoning issues.

Step #4 – Select an Agent & Search for Homes – You will want to also get referrals when choosing a real estate agent who is knowledgeable about the neighborhoods you are interested in. Use the internet to search for homes online, pick up home flyers, and attend open houses in the area. Research all homes you are interested in buying and ask your agent for comps in the area. And remember to ask the seller why they are selling the home.

Step #5 – Make an Offer, Negotiate, & Close the Deal – Once you’ve done your research and settled on a house, it’s time to make an offer. Determine the purchase price, make any special requests and repairs clear, and define a move in date. Once you the buyer and the seller agree to all the terms, it’s time to sign the purchase and sales agreement. From here it’s time to get a home inspection and reports. You will want to complete the home loan process and do a final walk thru inspection prior to closing. Be sure to set aside some cash for closing costs and your down payment because you will need to bring a cashier’s check for these to the closing.

If you have any questions about the home buying process or homes for sale Payson AZ, please contact Rory at 928-595-0136