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Scottsdale, Arizona DC Ranch Homes For Sale & Real Estate Advice
By Nicholas McConnell
Dated: Nov 16, 2008
A Realtor with Coldwell Banker helping people buy, sell, and rent homes in Scottsdale, Arizona. This offers
Real Estate advice that will most likely save you thousands of dollars.
Nicholas McConnell - 480-323-5365
Scottsdale Coldwell Banker
When buying a home in Arizona, the buyer usually has several commonly asked questions about the
process and most importantly, about the monies involved. Every single Real Estate transaction is like a
finger print, no two are alike. This article is designed to help people that may have questions about
purchasing Real Estate in Arizona.
What is the first step when thinking about purchasing a home in Arizona? The first step is to get
pre-qualified for a loan, unless you are planning on paying full price cash for the home. Very rarely will
someone pay full price cash for a home, so they most obtain a loan. When you obtain a loan, you will have
a monthly payment, much like purchasing a car. Depending on how much you are putting down, and how
much you can afford towards a monthly mortgage payment will determine how much house you can buy.
The purpose of getting pre-qualified for a home loan is to determine your price range, and also to make sure
all documentation the lender requires to finance your loan is obtainable by the buyer. If you do not know a
lender, a qualified Real Estate professional should be able to recommend one to you.
What is the next step after getting pre-qualified? After you are pre-qualified for a loan, it is now time to go
with your Real Estate agent to look for a home in your desired area in your price range. Once you find a
home in your price range that is available, you simply write an offer to purchase the home with your Real
How long after you write an offer to purchase a home can you move into the property? That is completely
up to the buyer.