Buying Real Estate

Home Buying

Buying a home is a major undertaking and we at Sonoran Properties understand your concerns and have answers for your questions. Our expert real estate agents will guide you through each step of the buying process to make it as simple, enjoyable and stress-free as possible.

While our true expertise is in our people, we've provided you with some basic information to help you get started online. You can find a variety of online tools for determining mortgages and other financial details at our Calculators page, and learn more about Buying, Closing, and Moving.

Once you decide to buy a home our agents will:

• Help you determine how much to spend on your home.
• Work with you to decide your specific needs, wants and desires.
• Recommend resources to help you meet your goals.
• Provide expert information about your housing options
• Help you prepare to qualify for a home loan
• Negotiate the best possible price for your new home.

While we can offer a great deal of information to you, both on our site through personal consultation, we strongly recommend that you review the Buyer Advisory provided by the Arizona Association of REALTORS®.

First Time Homebuyer

Buying your first home is one of the most significant purchases a you and family can make. Our Sonoran Properties Real Estate Agents can help you understand the potential of your buying power, home financing options, and the realities of first time home ownership. Our experience and understanding of your genuine concerns over taking the first step will help make your first home buying process less stressful, and more enjoyable.

If you are buying a home in Scottsdale, Phoenix or anywhere in the Valley of the Sun get in touch with one of our real estate experts. Sonoran Properties will work with you through the entire home buying process, answering your questions and taking the time to help you find the perfect new home.

We know the community and understand the local market, so let us help you find your next property. It doesn’st matter if you’sre a first-time homebuyer, in the market for a second home or looking for commercial property for your business, Sonoran Properties can help you.

Getting Started

This is a great time to buy a home. There are more choices than ever between flexible and affordable financing options, home types to meet any lifestyle and professional services to make the whole process easier, faster and more enjoyable than ever.

There are many advantages to buying a home and the most important is that real estate is a great long-term investment. And don't forget the tax benefits of deducting your mortgage interest and property taxes. If you have a fixed-rate mortgage one of your largest monthly expenses is locked in against any increases, unlike rental rates which typically rise over time.

What Are You Looking For?

As you begin the home buying process it's important to decide what type of home you want and what features are priorities for you. Do you want a fireplace? A two-car garage? Maybe you're really interested in a home with a spacious backyard.

Another important choice is the neighborhood. After you target an area spend some time there to get to know the character of the neighborhood. Also take the time to talk to some homeowners to get a more complete impression.

Once you have a good idea of what you want in a house and have some areas that interest you enlist the help of a real estate professional. Your agent should put service first and help you with the entire buying process. You should also get pre-qualified for a home loan to help both you and your agent determine the amount you are going to spend on the home.

Advice for Phoenix and Scottsdale Area Home Buyers

Buying a home, whether it's your first or fifth, is a big and important task. The goal of your Sonoran Properties GMAC Real Estate Agent is to guide you through each step, making it as stress-free and enjoyable as possible. Through our organized, proven approach to the home-buying process, your Real Estate Agent can help you find the home of your dreams.

Your Sonoran Properties GMAC Real Estate Agent will help you through what can sometimes be a complicated and time-consuming process, with special assistance in these areas

• Making the Decision to Buy a Home
• Buying an Affordable Home
• Buying a Home that fits your Lifestyle
• Viewing and Comparing Homes

Once you've decided on the home you want, your Sonoran Properties GMAC Real Estate Agent can help you through the critical steps necessary to make it yours, including:

• Extending the Offer for your Home
• Protecting your Investment in a Home
• Home Financing Options
• Applying for a Loan
• Closing and Final Details
• Making Your House a Home

Closing

The house has been chosen and the price negotiated. Your home buying journey will be complete after the final step to home ownership - the closing process.

Closing is a formal meeting where the ownership of the home is transferred from the seller to the buyer, and at the same time the buyer's loan is finalized. Most closings are attended by the buyer and seller, the real estate professionals representing each side in the transaction, the lender's agent, and possibly a closing agent.

Preparing for the Closing

Before the closing your agent will help you understand all the conditions of the sale and loan. You should also have the opportunity to do one last walk-through of the property to make certain everything is in order.

Closing on a home involves "closing costs", such as also fees like insurance on the title to the home, taxes, transfer costs, attorney fees, agent fees and hazard insurance. All closings are different so you want to go to the meeting fully understanding all fees and other financial issues, especially if you are facing any upfront payments that need to be covered at the meeting.

Before you complete your negotiations for the house, remember closing costs can be part of the financial give and take as you work out how much you are paying for the house.

The Meeting

Once you get to the closing meeting you will receive a number of documents such as the mortgage note and the deed to the home. Once everyone agrees everything is in order and the closing costs are paid, all the papers are signed and you receive the keys to your new home. Once the deed is recorded with your county clerk, the home is officially yours.