Deciding to purchase a home will be one of the biggest investment decisions you’ll make in your life, but it can be confusing for the first-time home buyer to know all the ins and outs of buying a home. If you’re wondering what things first-time buyers often forget about before purchasing a home, here are three important things that you’ll want to keep in mind.
Ignoring Their Credit History
If you have a high debt load or you haven’t been making your minimum payments, it can be pretty frightening to consider looking at your credit report, but it’s very important to do this before applying for a mortgage. A lender will be taking a look at your credit history and reviewing it carefully before approving your application, so it’s important for you to be aware of what your credit history says about you and how it might impact your mortgage.
Buying Too Much Home
It’s easier than you might think to be swayed into purchasing your dream home, but it’s necessary to keep a cool head and make an informed decision so that your home investment can be financially beneficial for you. The amount you should be paying for a home on a monthly basis will leave you with enough that you can pay for the necessities, any existing debts and any extras while still having wiggle room in case of emergency. While you may want to spend a little more, this can end up being a mistake if things don’t go as planned.
Forgetting The Documentation
This may be among the easiest of steps, but not having the appropriate documentation can push back your home purchase, so ensure you have all the necessary paperwork for when you need it. Beyond the Verification of Rent you’ll need from your previous landlord, it’s also important to make sure that you have liquid assets not just investments and RRSPs as this will prove to the lender that you can handle a financial hurdle in the event that it arises.
There are so many things involved in obtaining a mortgage that it can be easy to forget some very important aspects of approval. By being aware of your credit history and keeping your payment price within your means, you’ll be well on your way to a sound purchase. If you’re currently looking to purchase a home, give me a call to get started on the right path – J.P. Cook – 602-320-4253.
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4558 Jackpot Road
Wickenburg, AZ 85390
$464,950
2
Beds
2
Baths
1,702
SqFt
Status
Active
MLS #
6669942
Property Type
Single Family Residence
Price Type
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Your new home awaits at the Wickenburg Ranch Golf & Social Club community. This perfectly designed Beacon plan provides the perfect 2-Bed, den/office and 2-Bath home. The home offers an open concept layout with upgrades throughout. Upgraded cabinet hardware, appliance package, quartz countertops, custom blinds, 4ft garage extension w/ professionally coated epoxy garage floor, whole house tile with ceramic upgrades in the Master suite. The full room 8 ft sliding glass doors open up to the patio with installed electric patio shades to enlarge the main room living space. Residents also have access to an abundance of amenities, including an outstanding 18-hole golf course, 9-hole par 3 course, fitness center, a resort swimming pool, and much more.
177 Bahia Lane
Litchfield Park, AZ 85340
$464,900
4
Beds
2
Baths
1,905
SqFt
Status
Active
MLS #
6664255
Property Type
Townhouse
Price Type
--
Introducing an exquisite 4-bedroom, 2-bathroom townhome with a pool nestled in the desirable Litchfield Park neighborhood! This stunning home has been meticulously upgraded with remodeled bathrooms, new kitchen counters, appliances, cabinets, and fresh paint throughout, exuding a modern and inviting atmosphere. Enjoy the convenience of community amenities including a pool, tennis courts, and a basketball court, perfect for active living. Additionally, being just a short walk from Litchfield Elementary School adds to the appeal for families. With shopping and dining options nearby, this home offers both luxury and convenience. Don't miss the chance to own this well maintained property that truly shows like a model - it won't stay on the market for long!
23853 N 39th Lane
Glendale, AZ 85310
$464,900
3
Beds
2.5
Baths
1,651
SqFt
Status
Active
MLS #
6677840
Property Type
Single Family Residence
Price Type
--
Beautiful 3-bed, 2.5-bath property in sought after Sunrise at North Canyon community. Home offers an open and inviting floorplan with soaring ceilings, openwork stair rails, tile flooring throughout the first floor and luxury vinyl plank throughout the second floor - no carpet! The cozy family room with fireplace and French doors to the back patio is warm and welcoming. The kitchen has plenty of cabinet space, convenient breakfast bar, dining area with a bay window and views of the spacious backyard. Head upstairs to find a sizable loft - ideal for home office or TV area, and three bedrooms. The primary suite has a walk-in closet, and en-suite bath with dual sinks. Oversized backyard includes a play area and a full-length covered patio with room to relax and/or entertain. And don't forget the 2-car garage with additional storage cabinets, extended driveway and RV gate. Located a short walk from Desert Sage Elementary school, half mile from Victory Lane and Hurricane Harbor water park, one mile from Beuf community park and easy access to shopping and highways. This home has it all!
14589 W Desert Hills Drive
Surprise, AZ 85379
$464,900
3
Beds
2
Baths
1,909
SqFt
Status
Active
MLS #
6687656
Property Type
Single Family Residence
Price Type
--
Welcome to Your Fully Furnished Dream Home in Copper Canyon Gated Community! Nestled in the heart of the highly sought-after Copper Canyon gated community, this stunning 3-bedroom, 2-bathroom home with a spacious den is an absolute gem. Boasting a modern and open floor plan, this residence is perfect for those who appreciate both elegance and comfort. As you step inside, you'll be greeted by the warmth of exquisite dark hardwood floors. The inviting living space features an open concept design, with a large breakfast bar overlooking the family room, making it ideal for entertaining guests or enjoying quality family time. Step outside, and you'll discover your own private oasis. The extended patios offer the perfect spot to unwind and soak in the sun. sun, while the sparkling pebble-tec play pool with a soothing water feature provides endless hours of enjoyment and relaxation. For those with a passion for vehicles or outdoor toys, the extended 2-car garage comes complete with epoxy floors, ensuring a pristine space for your vehicles. Additionally, the property features an additional RV gate with extended slab parking, offering ample space for all your parking needs.
