Being the first time homebuyer is very exciting. All the money saved over the years, all the headache living in apartments and a need of dealing with unreasonable landlords, all the ideas of how to decorate “my home” and being able to invite friends over for parties, etc. It’s almost over and will be a reality that you are about to become a new and proud homeowner.
Being a first time homebuyer before and working with a lot of homebuyers during our daily work, we know and are sympathetic with your concerns. We’ve put together a list of questions that our buyers have asked us to help you.
Please do not hesitate to call and ask us ANY questions that you have that you don’t see from those below.
Question: Could you help me search for a house?
Answer: Of course, if you live in Phoenix Metropolitan Statistical Area (MSA), we (US Delta Realty) certainly can.
Q: How much do I pay for your service?
A: With the sweeping change happening across the real estate industry, buyers are now expected to pay their agent’s commissions. We, at US Delta Realty, understand the challenge that you are facing and are committed to working hard to best represent your interests and minimize the impact to your hard-earned budget.
Q: Do I need to do to get ready for the house hunting?
A: If you’ve already contacted a loan officer and got approved, you should be ready. However, we prefer walking you through the process and explain to you all the steps in the process before taking you out to see listings. We truly believe an informed homebuyer is a happy client. We always want you to be a happy homeowner and client.
Q: I saw many websites on the Internet like Zillow, Redfin, etc, that list all the houses for sale and want to search for my dream home on those sites.
A: Unless you have spare time to spend, we don’t recommend you do the research. Why not spend time on something more productive and more enjoyable like playing with your kids and watching your favorite shows? Leave the job of research to us. Other real estate agents “designate” the research to their buyers, but we truly think it’s the job of the real estate agent. We are acting, and hope you agree, as your trusted advisor in your real estate purchase and will not disappoint you.
Q: Is NOW the best time to buy a house?
A: The best time to buy a house is when you are financially and psychologically ready to be a homeowner. Being a homeowner has its rewards, but you need to know all responsibilities that come with it.
Q: Do I get financial assistance from government for being the first time home buyer?
A: It depends. Some jurisdictions have programs and financial incentives for owner occupied properties. The best way to find out is to contact a local experienced loan officer. We are also licensed mortgage loan professional and can certainly help qualify you or connect you with a loan specialist for specific loan types.
Q: Can I be my own agent when buying a house?
A: You certain can. However, being your own agent, especially in buying your first home, carries a lot of risks that we don’t recommend. We have this post on this website to explain the pros and cons of being your own agent.
Q: Should I need to have an agent if we decide to buy a new house from a builder?
A: Yes, you should. If you plan to spend $500K+ on a new house, you should have some type of representation during the transaction. Contrary to some people’s thinking that new constructions have nothing to worry about, there are builders out there that are willing to cut corners on their construction. There are also nuances in buying a new construction that exciting homebuyers often overlook that could become a nightmare after the new homeowners move in. Yes, the caveat emptor “Buyer Beware” still applies when it comes to buy a new construction.
Q: What is the current market condition?
A: It varies. Even in the same city, houses in different zip codes enjoy different levels of appreciation. We at USDR follow market closely and publish regular market updates (please check out the updates somewhere in this site). Each zip code and even neighborhood, has its unique characteristics that need a more thorough research for more accurate assessment.