You've decided you want to take advantage of the great deals that are out there in the Green Valley AZ real estate market.  Here's a handy checklist for you to use as you embark on your home buying adventure:

  • First, figure out how much you can afford and the amount of your down payment.  Most lenders want a minimum of 20% down but there are definitely exceptions for those of you with a stellar credit rating.  

  • If you are planning to finance your new home, get preapproved for a mortgage.  Bring that preapproval with you when you meet with your real estate agent. 

  • Take some time to figure out what you want and need in a home.  Your checklist of desired features should include, # of bedrooms, bathrooms, garages and whether you need a den.  How important is the age of the home to you?  Do you want a single family home or do you prefer a townhome?  Is a view important?  The more you can visualize the home of your dreams in concrete terms, the easier your search will be. In todays' highly technological age you can peruse many websites to get a feel for the type of home that appeals most to you.  Once you've nailed down what you want, sign up for an automated search that will deliver home listings that fit YOUR criteria to your email inbox. 

  • Work with a Realtor who knows the market.  Knowledge of a community and its various neighborhoods is key to finding the right home.  Experience and chemistry are important as well as finding an agent with the advanced training and expertise to skillfully guide you through the home buying process.   What do your agent's past clients have to say about him or her?

  • Once you have narrowed down your search to "the one" then be sure to study the comprehensive market analysis that your agent will provide on that home's neighborhood.  Make sure you understand the comps and where the market is headed before making your offer.  

  • Let the negotiations begin--make your offer and be sure to include any special contingencies that are not spelled out in the contract.  Once both parties agree to the terms then sign the Purchase Contract.

  • Your real estate agent will make sure that all the timelines outlined in the Purchase Agreement are followed such as the number of days you have to get your inspections completed.  At a minimum, be sure to have home and termite (especially in Arizona!) inspections done.  Your home inspector should be able to determine whether you will need more specific inspections for other areas like the roof and HVAC system.

  • If you are financing the property your Lender will require an appraisal. You may want to consider having an appraisal done even if you are paying cash for the property--and use it to renegotiate the price if necessary. 

  • Don't forget to choose a home insurance company.  Work closely with your Lender to ensure everything is completed prior to the contract mandated close date. 

  • Do a final walk through before closing.

  • Begin enjoying your new home!