Buying a Home, Tips and FAQs

May 9, 2014

Property Status on the MLS

BUYER EMPOWERMENT UNIVERSITY FAQ's

What are the different property statuses on the Arizona MLS?

There are eight different statuses that the Arizona MLS uses to describe where the listing is in the home selling process. 

  • Active
  • Under Contract - Backups (UCB)
  • Under Contract - …
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May 8, 2014

BUYER EMPOWERMENT UNIVERSITY #5 Closing on Your New Home

Welcome back to The West Valley Home Team Buyer Empowerment University! We have reached the last step in the home buying process, Closing on Your New Home. We hope you can use the information in The West Valley Home Team Buyer Empowerment University to make your buying process easier!

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May 8, 2014

Seller Property Disclosure Statement (SPDS)

BUYER EMPOWERMENT UNIVERSITY FAQ'S

What is the Seller Property Disclosure Statement (SPDS)?

The home inspection period allows the buyer to investigate all pertinent information about a property before purchasing it. Along with a home inspection, the Arizona Association of Realtor's Seller Property Disclosure Statement (SPDS) can provide …

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May 8, 2014

Should You Buy a Home Warranty Plan?

When purchasing a home, the buyer has the option of purchasing a home warranty plan. A home warranty can help you budget for large home maintenance expenses. Often times buyers have questions about home warranties, here are the most frequently asked questions regarding home warranty plans.

Should …

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May 8, 2014

BUYER EMPOWERMENT UNIVERSITY #4 Inspecting the Home

Welcome back to The West Valley Home Team Buyer Empowerment University! Last time we discussed tips for making an offer on a house. Once an offer is accepted the next step is to complete a home inspection of the property. A home inspection is an important part of …

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May 8, 2014

BUYER EMPOWERMENT UNIVERSITY #3 Making an Offer on a House

Welcome back to The West Valley Home Team Buyer Empowerment University! Once you locate a home you want to buy, your agent will prepare an offer to present to the seller. Your agent will know the information required to prepare your offer but you must provide an offer amount. …

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May 8, 2014

Types of Houses on the MLS

BUYER EMPOWERMENT UNIVERSITY FAQ's

What Type of Homes Will I Find on the MLS?


Welcome back to The West Valley Home Team Buyer Empowerment University! While searching for a home in the West Valley, it is important to keep in mind the different types of houses that are …

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May 8, 2014

BUYER EMPOWERMENT UNIVERSITY #2 Finding a Home

Welcome back to The West Valley Home Team Buyer Empowerment University! Hopefully by now you have analyzed your finances, determined a payment you feel comfortable with and spoken to a mortgage professional to be pre-approved.

If you have completed these important steps, it is time to start …

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May 8, 2014

Pre-Qualification VS Pre-Approval

BUYER EMPOWERMENT UNIVERSITY FAQ's

What's the difference between Pre-Qualification and Pre-Approval?

Many buyers needing or wanting financing call their lender seeking information. In the process, they become pre-qualified based on the information provided on the phone. A pre-qualification gives a buyer a good idea of what they …

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May 8, 2014

BUYER EMPOWERMENT UNIVERSITY #1 Qualifying for a Home

Welcome back to The West Valley Home Team Buyer Empowerment University! Post #1 covered the 5 Steps of Buying a Home, now we are going to take a more in-depth look at Step 1: Qualifying for a Home.

Step 1: Qualifying For a New Home

Most …

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