Home Buying Basics
Buying a home is a process that’s fraught with both excitement and challenges. If you’re thinking about investing in real estate in the Tri-Cities – and if you’re here then you probably are – here are a few tips that will help make the whole process easier.
- Know how much you can afford. When you know what your budget is, you can search for homes in a more targeted manner, which will save you a great deal of time and effort in the long run. It’s also a good idea to get pre-approved for a loan as soon as possible as this will indicate to sellers that you’re a serious buyer.
- Know what you want. Come up with a list of the must-have features you want to see in your new home. Be realistic, think long-term and take the whole household/family’s needs into consideration. Differentiate between the features that you cannot live without and those that would be nice to have, but are not absolutely necessary.
- Do your due diligence. Research the neighborhood and its market trends. Don’t just take a look at HOA dues, find out as well what the annual property taxes are, what the cost of water, electricity, etc. is, and so on. If you’re buying in a development, definitely take a close look at the CC&Rs (covenants, conditions and restrictions) as well. A knowledgeable Realtor will be able to help you get the information you need.
- Spend some time in the area. To make sure that your new neighborhood is the best fit for you, try to drop by at different times of the day and the week. Better yet, make friends in the area and get insights from locals.
Luxury Properties in Prescott and Williamson Valley
Start your search for homes for sale in Prescott, Prescott Valley, Chino Valley, and other nearby areas here. If you need more in-depth information, Richard Kerr is no more than a phone call or email away.
The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is deemed reliable but is not guaranteed accurate by the MLS.