That's an understatement, at least if you sell you don't have to sign very much. Getting pre-qualified is the first step, offer 10% or so below asking price to see what they counter offer, home / pool inspection to see if there are any problems you will see in the future. know what your actual payment will be including insurance / property taxes before signing & what upfront costs are needed. one mistake I made was buying a house on 5 acres of property (wasn't fun to mow the lawn) probably not relevant in AZ.
Good Luck house hunting & you also need an excellent inspector.
No arguments from me. I'm amazed at how many people still think we're in this heavy, buyer's market. Even when I bought my house just back in 2011 there were lots of houses on the market but not many nice ones; those went quickly and for right around asking price.As a REALTOR.... You are paying us to work for you on both sides of the deal...whether your a buyer or seller our commish is in the total final price. The market is a SELLERS market again. If you see a house and love it and gotta have it... I recommend that you offer them what they are asking for if not a few bucks more to secure it. People are being out bid over and over again these days and the inventory is NOT there. SO whats on the market has been seling well over asking price. My home value has shot up by 50k in the last couple months from cash investors buying things up again. Interest rates are higher than they have been during the bad times. I think they are around 4.25% ish. Not bad... not the greatest. Go conventional if possible and be ready with a LSR (Loan Statas Report) You cant place an offer without it. Start with a good mortgage broker.
Not all of them do. I have a 2 story house, a little over 1500 sq ft, and there's one AC unit. Built in 2006 and the sides are pretty shaded by the neighboring houses through the worst parts of the morning/afternoon, but my electric bill almost always stays under $300 even in the worst of summer. And that's keeping the house at 77F and with the 190g reef.
If I were to buy a house in Arizona personally I wouldn't buy unless it had 2 AC units. I have had a few friends who had a AC unit go out & without a 2nd unit there would be no AC at all (100+ degrees inside). BIGGER OUCH!!!! Being outbid in a seller's market with interest rates so low is to be expected I guess. Being the cheap bastard I am I would still offer less than asking. Real estate agents to me could care less about you they just want to make a sale. If they represent the buyer or seller they still make a commission. It is what it is without a sale they don't make a penny & they have to make a living. Just saying if they represent the buyer or seller they want to make a commission if you are making a bad discussion they don't care as long as they get paid.
