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First time homebuyer questions ?
I'm starting my search for information on first time home purchase. I would like all the factors in accomplishing this.
Asked By Ernest Anthony Edwards | Phoenix, AZ | 14 views | Finance Legal Info | 5 days ago
Answer(2)
Jason Craig
Coldwell Banker
That’s a great question, Ernest — and it’s smart that you’re starting with research first. Buying your first home can feel overwhelming, but breaking it into clear steps makes the process much smoother.
Here’s a roadmap for first-time buyers in Arizona:
1. Get Pre-Approved:
Speak with a trusted local lender to determine your budget and loan options. Arizona offers great first-time buyer programs through the Arizona Department of Housing (like the HOME Plus program), which can help with down payment or closing costs.
2. Find a REALTOR® You Trust:
A good agent will guide you through neighborhoods, school districts, and property types that fit your needs and help you avoid costly mistakes.
3. Understand Upfront Costs:
In addition to your down payment, budget for closing costs (typically 2–5% of the purchase price), inspections, and insurance.
4. Home Search & Offer:
Once you’re pre-approved, your agent will help you tour homes, compare values, and craft competitive offers — especially important in markets like Phoenix where inventory can move quickly.
5. Inspections & Appraisal:
These protect your investment and confirm that the property is worth what you’re paying.
6. Closing & Move-In:
After your loan is finalized and paperwork signed, you’ll get your keys — and that’s when it really hits home.
Buying your first home is a big milestone, but with the right plan and support, it can be an exciting and smooth experience.
Here’s a roadmap for first-time buyers in Arizona:
1. Get Pre-Approved:
Speak with a trusted local lender to determine your budget and loan options. Arizona offers great first-time buyer programs through the Arizona Department of Housing (like the HOME Plus program), which can help with down payment or closing costs.
2. Find a REALTOR® You Trust:
A good agent will guide you through neighborhoods, school districts, and property types that fit your needs and help you avoid costly mistakes.
3. Understand Upfront Costs:
In addition to your down payment, budget for closing costs (typically 2–5% of the purchase price), inspections, and insurance.
4. Home Search & Offer:
Once you’re pre-approved, your agent will help you tour homes, compare values, and craft competitive offers — especially important in markets like Phoenix where inventory can move quickly.
5. Inspections & Appraisal:
These protect your investment and confirm that the property is worth what you’re paying.
6. Closing & Move-In:
After your loan is finalized and paperwork signed, you’ll get your keys — and that’s when it really hits home.
Buying your first home is a big milestone, but with the right plan and support, it can be an exciting and smooth experience.
- 5 hours ago
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Jamie Blake
ReMax Advantage Realty
The best place to start is by connecting with an experienced local Realtor who can walk you through the process and help you find trusted lenders, inspectors, and other professionals. Your agent will guide you from pre-approval through closing so you understand each step and feel confident along the way. If you don’t already have a Realtor in mind, ask friends, family, or coworkers for referrals, personal recommendations are often the best place to start.
- 11 hours ago
- Helpful (0)
- Unhelpful (0)
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