Buying A Phoenix Area Home

Buying a home will likely be one of the most significant investments you'll ever make. Attention to detail is crucial. It is important to know that a listing agent is obligated to represent the interests of the seller. With such an important purchase you deserve the personal representation of a buyer's agent that is committed to your interests as a buyer. It is your real estate agent's responsibility to help you make fully informed buying decisions every step of the way.

With that goal in mind, these articles will give you insight into the buying process that will help prepare you to make sound decisions. Once you're ready to begin the homebuying journey, begin that journey with a Preferred Realtor that is committed to helping you every step of the way.

Protect Your Home From A
Bursting Real Estate Bubble.

There are concrete steps that prospective homebuyer can
take to protect themselves if a bursting real estate bubble
occurs. It is important to keep these tips in mind anytime
you venture into the real estate market, whether as a first
time home buyer or an investor.
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Escrow Accounts Explained
For Phoenix Homebuyers

If you’re a new homeowner, or soon to be one, chances are
you may have what’s called an escrow account as a requirement
of the loan. Escrow accounts are also called impound accounts
or reserve accounts. Escrow accounts are accounts set up
through the lender on certain loans where you pay the lender
your monthly mortgage payment along with your monthly property
taxes, homeowner’s insurance, PMI, and any other related
expenses such as homeowner’s association fees.
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Home Out of Your Price Range?
Maybe Not in A Slow Real Estate Market.

Before shopping for a home you must know what you can afford.
Generally, affordability is determined by how much a lender is
willing to lend you. A smart buyer will be even more conservative
to gain additional flexibility if unexpected financial hardships occur
in the future such as loss of employment or disablity.
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How Much Phoenix Area Home
Or Real Estate Can You Afford?

Do yourself and your family a great favor. Before shopping for a
new home, make sure of how much home you can afford. Avoid
the potential future stress of not being able to service a home
mortgage debt and possibly facing a home or real estate
foreclosure in the future.
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Advice For The First Time Homebuyer

If you are in the market to purchase a Phoenix area home,
there are several things you can do to help make the process
go smoother. Many first-time homebuyers do not know what
to expect and end up paying thousands of dollars more than
what they should have. The following tips are designed to
help a home or real estate buyer get the best deal you can
when buying a home.
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Choosing The Right Home Inspector

A prudent buyer will always make an offer to buy a home
contingent upon a home inspection. For that reason, it is
also wise for a seller to arrange for an unbiased home
inspection to expose potential problems that could
jeopardize a successful escrow close.
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Negotiating With A Phoenix Home Seller