Home Buying in Mesa>Question Details

Wilma, Other/Just Looking in 98422

We are looking to purchase a home in AZ .We have a pre-approval from our bank , what else is needed if we were to wish to make an offer?

Asked by Wilma, 98422 Wed Aug 8, 2012

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You just need a fantastic Realtor to make the offer with! Good job doing all the prerequisites.
If you haven't found anyone and you are looking at the East Valley, Queen Creek, Gilbert, Mesa etc I would love to help you out. Just either shoot me an email at jennie.hallock@azmoves.com or give me a call at 480-246-6345.
0 votes Thank Flag Link Wed Aug 8, 2012
In order to place an offer you will need an LSR (Pre-approval), your lender has already provided this for you. You will also need proof of funds for your down payment. For example if you were putting 50k down on a house then you would need to submit a screen shot of a bank account or IRA etc that is the source of that $$. Your Realtor can walk you through the steps. Good luck!
1 vote Thank Flag Link Wed Aug 8, 2012
Wilma....you need a Realtor!! Here's my contact info...Welcome to AZ....I moved from Seattle 10 years ago and love it!! I'm on the West side where you get more bang for your buck!! Call me...

Kathleen McMullen
"Dream Home Catchers"
Exclusive Homes and Land
623-512-8152 cell
http://www.dreamhomecatchers.com

Be the kind of woman that when your feet hit the floor the devil says, "Oh crap, she's up"!!!
0 votes Thank Flag Link Thu Sep 6, 2012
Well you've got the approval, you need to know your criteria, what you must have and what you are willing to do without. Location is important as commute times can be long, and hot and get olds real fast.

Read the buyers guides you were given.

Then you need strategy; getting offers accepted with our low inventory can be difficult, and discouraging at times, be prepared to think outside the box.

You can put in 2o+ average offers, or you can put a couple good ones.
0 votes Thank Flag Link Tue Aug 14, 2012
Hi Wilma,

I prefer all client consultations to be over the phone or in person if possible. I can be reached at 480.270.5222. Look forward to speaking with you!
Web Reference: Http://azvalleyrealtor.com
0 votes Thank Flag Link Sun Aug 12, 2012
Wilma,
You have received quite a few fantastic answers. You are on the brink of a huge move-- Tacoma, WA to Mesa Az. Yes you certainly need a good realtor to guide you. Most importantly you need someone that cares about you and your decisions.

Buying a new home and moving into a new area is a daunting task. This is an important decision but it should also be fun. You want a home in which you will raise your family, share your life life with someone, and maybe even retire. I want to be a part of this momentous event. Along with the DPR team I have the knowledge and experience to guide you through the process and have some fun.

If you would like some help call Jean at 480 721-1195 or shoot me an email at jeanwfry@gmail.com.
0 votes Thank Flag Link Fri Aug 10, 2012
Wilma

Besides having the lender fill out a pre-qual form, and having the down payment, you should find a good experienced Realtor to start working for you. If you still need help, please feel free to give us a call. We can go over your wants and needs and decide what areas you would like the best. We have been Realtors in the Valley for 25 years and specialize in the south east valley.

Best Regards,

Brenda

Ron & Brenda Cunningham
West USA Realty
602-980-3133
Ron 602-499-0694

**** Recognized in the Phoenix Business Journal as "One of the Top 50 Realtors in the Valley"

Search the Official Active FlexMLS for homes like a Realtor through our website at:
http://www.CunninghamHomesAZ.com
0 votes Thank Flag Link Thu Aug 9, 2012
Hi Wilma,

Looks like I missed this question from you yesterday. Since you have received so many responses and have realtors clamoring for your business, I would like to provide you with something that will perhaps better answer your question.

I have written a buyers guide which is a general outline on what to expect when you move forward to purchase a home here in Arizona.

I think this may help better answer some of your questions so your better prepared.

You can copy this link into your browser to visit the page:

http://stewkeene.com/phoenix-home-buyers-assistance-guide/

There is a lot of information there that I have prepared for you and others to use that will be a benefit.

Be sure to do one very important thing. At the top of the page is a link to the "Arizona Buyers Advisory"
I encourage you to open that up and download that advisory. It's full of information about home purchasing in Arizona that you should be educating yourself with in order to make an informed decision.

If you need help with something else or have further questions regarding a home purchase please feel free to reach out.

All the Best,

Stew Keene - Professional Realtor - 5 star rating on Yelp and Zillow for highest level of customer service and satisfaction. http://www.stewkeene.com 480-220-7491
0 votes Thank Flag Link Thu Aug 9, 2012
Hi Wilma,
Having a pre-approval is the first step on a home buying checklist. This will give you an ideal of the price range of the home you can afford. Buy a home that’s financially comfortable for you. If you are using an FHA financing, your home payment usually should be around 31% of your monthly income. For conventional, home mortgage should be about 28% of gross income.
Save for down payment and closing costs: Typically you’ll need to save enough money to put down 3.5% for FHA loan and anywhere from 10% to 20% for conventional loan.
Buy a home that you like and you can afford. Buy a home that will make you happy for a few years.
Grace Adewumi
Realty One Group
602-769-0890
gracea@realtyoneaz.com
http://www.house2buyorsell.com
0 votes Thank Flag Link Thu Aug 9, 2012
Wilma,

As you already know, being pre-approved is an important first step in the homebuying process. There are also a number of other items necessary as you look for the right home, make an offer and successfully close escrow. Finding the right real estate professional who can guide you through the homebuying process should be a priority.

Below I have included a few links that provide valuable resources for you.

Buyer FAQs - http://urbburb.com/buy/faqs/
Documents & Guides - http://urbburb.com/documents/

If you have any questions, please feel free to contact me at anytime.

Stacie Durnford, Owner/Designated Broker
UrbBurb LLC | 602.595.4454
http://www.urbburb.com
Looking for the scoop on Phoenix area real estate and what's going on in town? Check out our UrbBurb blogs:
http://www.urbburbblog.com
http://www.urbburbphoto.com
0 votes Thank Flag Link Wed Aug 8, 2012
get a pre-approval from a mortgage co. (home loan specialists)
0 votes Thank Flag Link Wed Aug 8, 2012
Hi Wilma:

Nothing, really. It is after you have an accepted contract that you will then be required to provide all the back-up to support the pre-approval. You should have provided some of this in order to get the pre-approval (pay stubs, recent tax returns, bank/broker statement showing you have money to put down, etc.), and it will need to be up-dated and expanded upon in order to get the Underwriter's approval.

Good Luck.

Bill Parker, CPA*
NMLS #223607
Bill.Parker@LegacyG.com
0 votes Thank Flag Link Wed Aug 8, 2012
0 votes Thank Flag Link Wed Aug 8, 2012
The best thing you could do is a make an appt with a Realtor to discuss the market and what to expect. Yes the prequal is important because you need it to place an offer on a home but there is more depending on what your situation is. I would be happy to meet with you via phone if you are out of state. Please call me and I will send you the forms and we can discuss over phone. If you are in the Valley please call and we can set up an appt. right away. 480-720-4716
0 votes Thank Flag Link Wed Aug 8, 2012
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