1. Pre-qualification

Visit with a knowledgeable lender to have your credit verified and
go over your income and expenses. This is also a good time to
become familiar with basic loan terms such as interest rates, points,
fees and monthly payments. Once you have “pre-qualified” you can
save valuable time and effort by looking at properties in your price
range. Your “pre-approval” letter from the lender also makes you a
more credible buyer in the eyes of a seller.

2. Knowledge Is Power

Research home prices, schools, shopping and employment in the
area or areas that you are interested in. Solid background
information and analysis will help you make sound judgments and
buying decisions and will prove to be invaluable
when you are attempting to make an important negotiating point.

3. Protect Your Right To Representation

Listing Agents and New Home Salespeople are legally bound to
represent the best interests of the Seller! Their responsibility is to
sell a particular home or community and to get the highest price and
best terms possible for the Seller. You, the Buyer are on your own!

In order to preserve your right to representation you should consider
having your own Buyer’s Agent with you whenever you contact a
Listing Agent or a New Home Salesperson. Your Buyer’s Agent will
find and show you homes in your price range that match your
personal taste and lifestyle. He or she will also provide you with
valuable information and advice; and will watch out for Your best
interests.

4. Negotiations and Contract Documents

Once you have found just the right property your next step is to
structure an offer and begin negotiations. Your Buyer’s Agent will advise you on the offering price, contract terms, financing options, inspections and other requirements. If you are not working with an agent refer to 40 Things You Absolutely Must Know for an outline of contract terms, negotiating tips and other information that you should be aware of. You should also send for a “FREE COPY” of Jesse's complete “Home Buyer’s Game Plan” report.

5. Ways To Take Title

Arizona is a community property state. Property acquired by a husband and wife is presumed to be community property unless otherwise specified. Parties may choose to hold title in the name of an LLC, a trust or any of the eight other ways identified in The Ways To Take Title In Arizona. (Ask for a FREE COPY of this chart.) However, each method has significant legal and tax consequences. You are encouraged to consult with your accountant, attorney or other qualified professional before deciding on which method works best for you.

* Back to Buying & Selling *
* Home Buyers Game Plan *
* 5 Basic Steps to Buying Your Next Property * 40 Things You Absolutely MUST Know *
* Jesse's TOP 10 Buyer Services *

Sponsored by: Jesse Watson
Thanks for visiting my web site . . . and remember . . .
"For all your real estate needs" . . . contact me ANYTIME!!

Jesse Watson ABR, EMS Associate Broker Real Estate Consultant Direct: (602) 234-1697 E-mail: jesse@arivest.com

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