Traditional Sale

New Construction Sale

Bank Owned Sale

Short Sale

Once we’ve found the home you wish to purchase, you’ll need to determine what offer you are willing to make on the home. After all, you are the one making the payments!

Making an offer

Multiple Offer Strategy

Closing Costs

You will be required to pay fees for loan processing and other closing costs. These fees must be paid in full at the closing, unless you are able to include them in your financing. Typically, total closing costs will range between 4-5% of your mortgage amount. In today’s market it is often common for the seller to pay some of your closing costs. This is called sellers contribution to your closing costs and is negotiable

Home Inspection

We highly recommend you have a Certified Home Inspector conduct a thorough inspection. The inspection is to eliminate potential surprises to the buyer. Your home cannot “pass or fail” an inspection. The inspector’s job is to report on major damage or serious problems that require repair and make you aware of repairs that are recommended or necessary. Home owners insurance must be done during the inspection period

The Inspection will include:

We would also recommend that you get a separate Termite Inspection as this is not typically included in the Home Inspection.

The seller may be willing to negotiate completion of repairs or a credit for completion of repairs, or you may decide to cancel the offer.

Your inspection is a contingency to the purchase agreement and is usually a 10 day period.

Home Warranty

Previously-Owned Home Warranties:
When you purchase an existing home, you can purchase warranties that will protect you against most ordinary flaws and breakdowns in major mechanicals and appliances for at least the first year you own the home. The warranty may be offered by or negotiated with the seller, or you, as the buyer can choose to purchase the home warranty.

New Construction Home Warranties:
When you purchase a newly-built home in the state of Arizona, the builder offers a full home warranty on things such as the quality of design, materials, and workmanship.

• 1 year on defects caused by faulty workmanship and defective materials
• 2 years on defects caused by faulty installation of plumbing, electrical, heating and cooling systems
• 10 years free from construction defects due to noncompliance with building standards

Home Owner’s Insurance

• Impacts your monthly payment
• Obtain several estimates and choose at least a week before closing

Updating Information

• Transfer of utilities
• Forward mail with USPS
• Update accounts and subscriptions

The Final Details

The Closing

Who will be there?

• You, the Buyer(s)
• Closer, the party representing the title company

What will you need?

• Bring valid government-issued photo ID
• Bring a cashier’s check for your cash to close (your mortgage officer will tell you the amount prior to closing)

What is expected from you at the closing?

• If financing the property, your lender will require you to sign a document, called a promissory note, as evidence that you are personally responsible for repaying the loan. An escrow account will be set up for you at this time to pay any expenses incurred on the property (taxes, assessments, insurance, etc.).
• You will also sign all title and deed documents putting you as the official homeowner!