Tired of renting . . . consider buying.  Have you spent years renting homes or apartments and have you grown tired of paying all that rent money to someone else!? If so, then it might be your time to consider purchasing a home in the Prescott area. However, you do need to ensure that you are prepared and ready on more than one level before jumping into the home owner role.

Get your financials in order.  The process of home buying can be a little overwhelming for a first time buyer. So, what to do?  Speaking to a lender is typically the first step to help determine if the time is right.  There are many financial considerations to make note of before you start looking for a home. But, if you can arrange your finances into a sensible plan and secure a mortgage then this can ultimately be the most rewarding purchase you have ever made.

Finance plays a huge role in the decision to purchase your first home. If you are purchasing your first home you will not likely have a few hundred thousand dollars cash just sitting around.  You will have to find a mortgage of some sort.

You should really make sure that you are prepared for the application for a mortgage as it will involve a thorough investigation of your past credit history.  If there are no issues with your credit then that will only make the process easier.  If there are any issues that you know of with your credit then you should take care of them before you apply for the mortgage.  Feel free to consult with a lender they can help you get going in the right direction.  Sometimes this is a simple case of oversight, some things have been taken care of and not recorded as such, and sometimes there can be some debts that you will need to address. Once any credit issues are taken care of, be sure to get a letter of release that you can show to the mortgage broker or company if necessary.

There is no stronger device in the home buying process than having all your financing in line before you start shopping for a new home. This is a great attraction for sellers, as they want their homes to sell quickly and without incident or trouble in the money phase.  A buyer with ready-to-go financing's offers will hold greater favor with almost any seller. If you are mindful of these things then when the time comes to make your offer, the whole process of buying a home in the Prescott area will go much more smoothly.  Then you’ll be able to dedicate your time to what is important, how to decorate your new home!

Here's a link to my Home Buyers Guide for even more information.

Joe Karcie - RE/MAX Mountain Properties

731 W Gurley Street / Prescott, AZ 86305

(928) 776-7701

Find Me On Facebook

Curb Appeal is a Big Deal