Scottsdale has a serious shortage of homes for sale right now. And cash buyers are out in droves. In 2011, 47% of the more 100,000 home purchases in Phoenix were cash transactions. I can talk through the past couple of days with you, just to illustrate the real situations that buyers are encountering. Buyer made [...]
From the category archives:
Buyers
When you start looking for a home, you need to get your list together. Age? Location? Features? Schools? Pool? Use the Internet. Drive neighborhoods. Categorize your “Got to have’s” and “Want to have’s”, because really there is no such thing as the perfect house. Ask someone who has built a custom home, if there’s anything [...]
Once you’ve decided to buy a home, the very next step is to find a lender and get qualified. You need to know what type of loan you qualify for, and how much you qualify for. After you interview and select your lender, you will need to input your loan application, and most lenders require [...]
One of the most common questions that I get once a buyer’s contract is accepted is, “What happens next?” My short answer is that “It’s crazy upfront, quiet in the middle, and then gets busy again before closing.” Basically (in a typical Arizona home sale): Escrow is opened. The buyer’s earnest deposit check is deposited [...]
After watching the East Valley Team’s Kristin LaVanway video last week, I was inspired me to do a little research on the specifics of the Scottsdale real estate market. (If you haven’t read her blog post and watched her video, Where did the Phoenix and Gilbert area homes go?, I highly recommend it. ) I [...]
Another common question that I get, especially from first time home buyers is: “How do you get paid?” My short answer is by the seller. Here’s the longer answer:
