Tips for Buying Your First Home | Tucson Real Estate for Sale

When we write about Tucson real estate, we sometimes forget that first time buyers might want a basic overview of the steps to go through when looking to own your first property. These are basic steps most first-time homeowners have to deal with, today we examine them.

Be sure to hire an agent

The most important thing that an agent gives you is peace of mind and free time. Especially if you have to go through all the houses online or attend countless open houses, you are going to realize that it is much easier to have an experienced person do this for you instead.

• An agent can send you listings that actually fit what you are looking for. This means that you do not waste time searching through homes that you would never be interested in or able to afford.
• Oftentimes there is a little bit of time between a listing being for sale and actually being published on the market. Agents often know about listings beforehand.
• An agent can advise you on undesirable locations and overpriced listings. You cannot expect to know everything the first time that you are buying a home. Take advantage of the knowledge of others.

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Make sure financing is taken care of

While it not necessary, it helps when you have loan preapproval?in advance. That way you know how much you are able to spend and you will not encounter financial problems later on. Again, an agent could help you with information here. Perhaps you would prefer an FHA property because the down payment happens to be much lower. Know your options before you buy.

Negotiate negotiate negotiate

Especially first-time buyers make the mistake of comparing sales prices of a home to different homes. Do not allow Tucson real estate asking prices to determine what to bid. You have to realize that a seller can ask whatever they want, just because they ask for a high amount does not mean that it is going to sell for that price. Be sure to examine the pending sales and look at comparable sales. An agent can easily advise you on prices that you should be comparing your own offer to.

Do not forget about the home inspection

Many states are different; there are states where a home inspection is a?contract contingency. This means that if the buyer sees the state of the home after inspecting it, they have the right to cancel the contract if it is undesirable. For example, you do not want be stuck purchasing a home with a faulty foundation. It is important to remember that while they are not obligated to perform repairs, they often will for the risk of ruining a deal.

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