Buying A Home in Laveen or South Phoenix

By David Baker

Thinking about buying a home in Laveen or South Phoenix?  Well, this could be the start of the right time for you to begin your Laveen or South Phoenix home search.  Let me share with you why.

1st reason it is a good time to be buying a home in Laveen or South Phoenix is that inventory levels are going up.  Yes, increased inventory means more selection for you home buyers ready to start looking.  It also means that with more homes on the market, you likely will not have to compete with other buyers or as many other buyers for the same Laveen or South Phoenix home.  For most of 2013 buying a home in Laveen or South Phoenix could prove challenging because of the low inventory and amount of competition for the homes.  It was a common occurrence to have multiple offers on one property, with most properties being sold over ask price and for cash buyers.  Times are changing.

2nd reason it is a good time to be buying a home in Laveen or South Phoenix is that interest rates are still great!!  While we did experience some really incredible interest rates in 2013, 2014 is starting the year with great rates as well.  Not sure many buyers realize, but you could get an interest almost half of what interest rates where back in 2007.  So take advantage of your purchase power right now, and begin your  home search today.

3rd reason it is a good time to be buying a home in Laveen or South Phoenix is seller contributions to closing costs.  In most of 2013, because of the low inventory and high competition concessions to buyers where all but non-existant.  With inventory levels rising buyers now can likely get concessions from sellers toward their closing costs.  Why is this good?  In short, it will save you money you’d have to pay in order to secure your home loan, and it will be paid by the seller if they agree to concessions.  Again, chances for concessions are better because inventory is up, and sellers now will begin to compete for the buyers.

Looking for a good agent to help you in buying a home in Laveen or South Phoenix?

Selecting the Right Realtor for Laveen, South Mountain or Phoenix

Are looking to buy or sell a home in the Laveen, South Phoenix, Ahwatukee, or surrounding communities in the Phoenix valley? Did you realize that the biggest transaction most of us will ever make is buying or selling a home? It’s not good enough simply to use a realtor. You need a realtor who studies the real estate market, who knows the area, and who employs the highest ethical standards to ensure that your offers are competitive or that you get the best price for your home.

I’m David Baker, and I’ve been a professional realtor in the Phoenix valley, specializing in the Laveen, South Phoenix, and Ahwatukee areas since 2004. I have lived and worked in Phoenix and surrounding communities since 2001, so it is especially important to me to build relationships and make the process of buying or selling properties an enjoyable and educational experience for my clients … my neighbors!

Professionalism, trust, integrity, and knowledge of the communities I serve ensure that together we can meet your real estate needs. I offer the highest quality real estate services to make the sale or purchase of your home as effortless, seamless, and worry free as possible. Conducting business in this way has helped me become one of the top 5% of real estate agents in Arizona based on successful home buying and selling transactions.

I welcome your questions about buying or selling a home in Laveen, South Phoenix, Ahwatukee, or surrounding areas in the Phoenix valley.

Please call me, David Baker, at 602.373.6344 or email me at DABaker21@msn.com or feel free to use the CONTACT ME feature on this website. Your business is as important to me as it is to you. Thank you for visiting my website!

5 Things you Must Know Before Buying a Home

When you’re ready to start your South Phoenix, Laveen or Ahwatukee home search, it is critical that you inform yourself about the factors involved. I’m David Baker; I am a realtor working in the Laveen, South Phoenix and Ahwatukee area. Studies have shown that there are at least five factors that buyers should consider when buying a home. Looking into these 5 simple things, can make your purchase and ownership go much easier.

1. You should make sure to get preapproved for a mortgage before you go shopping.

Preapproval is easy, and can give you peace of mind when shopping for your home. Your local lending institution can provide you with written preapproval at no cost and no obligation, and can usually be done over the phone or internet. More than just a verbal preapproval from your lending institution, a written preapproval is as good as money in the bank. It entails a completed credit application, and it gives you the preapproval for a mortgage to the specified level.

2. Know the monthly budget your are comfortable committing to

When you discuss your mortgage preapproval with your lending institution, find out what level you qualify for, but also get information for what monthly payments will be for the loan. Your situation may give you a preapproval that is higher, or lower, than the amount of money you would want to pay out each month. By working back and forth with your lending institution you can determine the monthly amount that works best for you, and the loan max your willing to commit.

3. Know what your long term goals are

There are a number of questions you should ask before you commit to a certain type of mortgage loan. How long do you think you will own this home? What are interest rates doing? Is your income expected to change, up or down in the near term? The answers to these questions and others will help you determine the most appropriate mortgage you should be seeking.

4. Make sure you understand if there is prepayment penalties

More frequent payments on your home can literally shave years off your mortgage and save you thousands. Simply setting up your mortgage payments to be made more frequently will significantly lessen the amount of interest that you will be charged over the term. Make sure that if you decide to do so that your loan is one with no prepayment penalty.

5. Know the cost to close your loan.

There are fees associated with the origination and closing of your home purchase loan. There are also some other fees that you likely will have to pay prior to signing your loan documents, for example the appraisal. Make sure you know full well all the costs associated with your loan, including how much down payment you would be required to place into your purchase.

Follow these five steps before starting your Laveen, South Phoenix or Ahwatukee home search, and the process of buying and owning a home will go much smoother.