The Biggest Mistakes Made When Buying Scottsdale Homes

The Biggest Mistakes Made When Buying Scottsdale Homes

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Scottsdale, Arizona is an uncompromisingly beautiful place. Its proximity to the “big city” and all that entails is certainly a perk of living in the area, but more people come for the stunning vistas, the nightlife in and around Scottsdale, the plethora of outdoor activities, and, of course, the golf. However, if you’re planning a move to the area, there are several things you need to know in order to avoid the biggest mistakes made when buying Scottsdale homes. Avoid these mistakes and you’ll be in a much better position to enjoy life in this incredible area.

It’s a Buyer’s Market

One of the single most common mistakes made by those interested in buying Scottsdale homes is to assume that the real estate market is still primed for buyers, not sellers. That’s not necessarily true, particularly now. A few years ago, the market was indeed glutted with inventory, and prices were at all-time lows. Today, on the other hand, the market has begun to rebound (and in a big way). For homebuyers, that means you can expect to see several things, including higher prices and higher competition for available homes. Don’t go into the home-buying process thinking that you have the upper hand, or you might be in for a rude surprise.

Not Having a Home Inspection

You’ve searched through many of the available Scottsdale homes and finally found one that you simply adore. You rush into the sale, close and take ownership. Life is good, at least for a while. Then, you find that the roof leaks. Or maybe you discover that the air conditioner isn’t working at peak efficiency. Or perhaps you learn that the backyard patio is crumbling away to nothing. Whatever it might be, it means that you now have to spend some major cash to get things in working order. A home inspection could have saved you that money, as well as the stress and heartache of learning that your dream home might be more nightmare than dream. Always insist on having a home inspection done before you get too far into the buying process.

Not Getting Preapproval

As CNN points out, buying a home is the most expensive thing you’ll ever do. No one can afford to pay cash upfront for a home. That means you need some financial help when you start looking at Scottsdale homes. One of the most common mistakes a new homebuyer makes is not getting preapproval for a mortgage. They assume that just because their credit is decent, they’ll be able to afford pretty much whatever they want. That’s not true. Getting preapproval for a mortgage can save you a lot of time and heartache along the way. With preapproval, you know exactly how much home you can afford, so you don’t get your heart set on something that’s ultimately outside your price range. Not only that, but it speeds up the home buying process and makes you a more appealing buyer for sellers (time matters, as sellers want out as quickly as possible).

Not Working with a Reputable Real Estate Agent

When buying Scottsdale homes, it’s important to have an expert on your side. You need a realtor. What’s more, you need your own realtor. You should never work with the seller’s agent, as they will be pushing for the best deal for their clients. You need a realtor who will work for your best interests. Avoid these mistakes when buying Scottsdale homes, and you’ll find that the process is faster, less stressful and that you ultimately get the home of your dreams, whether you’re after a golf home, something downtown or a rural house.

 

Contact Scottsdale AZ Realtor Jen Wehner today at 480-748-6925 or click here to search for SCOTTSDALE AZ HOMES FOR SALE

 

Sources:

http://money.cnn.com/magazines/moneymag/money101/lesson8/index.htm