Home Buying Lessons

By Doherty • June 13th, 2011
Rexall drugstore at the corner of Ninth Avenue...

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The prices of Arizona Homes dropped and although this may look really enticing, it is not good to just buy a home just because the prices have gone down.  It is better to take small steps than jumping impulsively and regret later.

Step #1 Consult a broker

Find a broker who has been in the field of real estate for long years with a good record.  Although you can consult your real estate agent regarding possible homes that fit your requirements, a broker is more knowledgeable of houses for sale in your area.

Step #2 Get an appraisal

Getting an estimated value of the home you want to purchase will give you a better idea if the seller is asking for the right price or will give you a clue on how to negotiate and eventually get the best deal based on the appraised price.  If the appraised price and the actual price of the home is similar then this is a good sign that the seller is honest enough in pricing his Baltimore MD home.

Step #3 Find out the tax assessment

Consider residential properties with low property taxes when you are looking for a home to buy.  Be aware of the rise and fall of home values because if home values go up, property taxes also increase.  In the same way, if prices go down then property taxes are also lower.  By being aware of the real estate market condition, you can take advantage of the opportunity and request for lower appraisals that means lower property tax.

Step #4 Ask for utility bills

Conduct a home inspection to know the current physical condition of the home you want to buy.  Also, ask about the utility bills of the home you are interested in buying. In this way, you will know of the home’s energy consumption and if there are any problems associated with it.

Year 2010 has been devastated with the consequences of homeowner’s not being able to pay their mortgage on time which resulted in losing their Phoenix Arizona Homes which resulted to more than 100,000 homes.  So before you actually get excited in buying your dream house, there are steps that you need to take in order to avoid the mistakes most home buyer’s made.

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