Wednesday, July 6, 2022 / by Dulce Matuz
The final walk-through of your new home is an exciting event. It means you have successfully maneuvered through negotiations, inspections, and financing approval, and are on the verge of signing your closing papers. Most buyers attend the final walk-through with thoughts of furniture placement and paint colors in their heads. But the walk-through is not about making sure your favorite chair will fit by the fireplace. Be sure to do your due diligence to ensure no issues should be resolved before you reach the closing table.
The purpose of the final walk-through is to ascertain that the home is being conveyed to you in the same condition it was when you agreed to purchase it. Here are a few of the things you should check:
1) Make sure no damage has occurred to the home that the sellers are responsible for repairing. Weather conditions or careless movers can cause accidental damage, and old and forgotten damage may be uncovered when the sellers’ belongings are re. ...
Wednesday, June 8, 2022 / by Dulce Matuz
There’s a new term in real estate: iBuyer.
iBuyers, short for instant buyers, give sellers an almost instantaneous offer on their homes. Also called instant offer companies, iBuyers promise sellers an offer within a couple of days and closing dates within one to two weeks. Some popular iBuyers include Opendoor, Offerpad, Redfin Offers.
Unlike house flippers, iBuyers aren’t looking for distressed homes. iBuyers purchase moderately-priced homes, fix them up as needed, and relist them.
The obvious downside to selling to an iBuyer is that you will not get top dollar for your home. They are looking for homes where they can make a specific profit margin. Typically, the company will analyze your home online, using algorithms to come up with a value. For example, Zillow Offers will most likely offer you their Zestimate price. Sellers should expect an offer of about 10% under fair market value.
iBuyers accept a tiny percentage of the homes submitted. If t; ...
Friday, January 21, 2022 / by Dulce Matuz
Ready to buy your first home in Phoenix in 2022?
American Traditions Realty specializes in helping first-time home buyers like you find their dream property in Phoenix.
Before you start searching for homes online, it's important to take the first step to house shopping: Getting pre-approved for a mortgage.
Your pre-approval will tell you what you can afford and what your monthly payment will be, so it's important to determine this before you start searching for your new home. Pre-approval is good for about 90 days, so once you're ready, take the first steps to get it done.
Contact us, and we’ll set up an appointment with Loan Officer Daniel Palomino. For your appointment we need the following:
One month pay stubs
Two-year tax returns
Two forms of ID (driver's license & SSN card)
Two months bank statements.
Once you've got your pre-qualification in hand, it's time to start the search!
Before we hop into the home search, I like to advise my clients to ...