11 Steps to Buying a Phoenix Home Series-Closing

Your almost ready to move into your Phoenix Home

Phoenix home closing
When do I get the keys?  A question that is commonly asked by anxious home buyers anticipating getting settled into their sometimes long awaited Phoenix home. The answer=As soon as it records.  In most cases Buyers can not take occupancy of their Phoenix home until the transaction closes and records. This is especially the case if you are buying a Phoenix foreclosure home.  However, this is a negotiable term and in some instances you may be able to occupy the property earlier than closing.

Review of the Phoenix home transaction from contract to close

Your Realtor should inform you on each phase and what to expect as you move along.   The key milestones leading up to this point from the time your Phoenix home contract was accepted (assuming you are financing your purchase with a loan) are outlined below;

  • Escrow
  • Loan application
  • Due diligence
  • Appraisal
  • Underwriting
  • Loan docs
  • Final walk-thru
  • Signing
  • Funding and recording
  • Occupancy/Keys :)

Prepare so your Phoenix home transaction is a smooth one!

With a positive attitude, a little education on the Phoenix real estate market and an experienced Realtor by your side, your Phoenix home transaction should go off without a hitch!  Upon this conclusion to our  11 Steps to Buying a Phoenix Home Series (and for a shameless plug :)) we would like to remind you to contact our team of experienced Buyers Agents today to get started with your Phoenix home search.

Our Phoenix home listings below are updated in real time so please take a moment to browse recent Phoenix foreclosures below:

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Ask Joe Weekly Vlog-Get Your Bank Owned Offer Accepted

Learn how to get your bank owned aka foreclosure offer accepted. As I’m sure you already are know, the abundance of bank owned foreclosure homes represent a great value for Phoenix area home buyers.

While the foreclosure homes bring great value they also bring competition. It is very common and more likely that a foreclosure home that is priced well will have multiple offers.

If you have been purchasing or attempting to purchase real estate in the Phoenix metro area within the last few years you have most likely experienced the ‘multiple offer disclosure form’ or dreaded ‘highest and best’ scenario.

Like anything that is worth the time and effort purchasing a foreclosure home proves to be another worthy challenge.  The fact that a property has multiple offers is a good sign that what your looking for is in high demand and in the real estate world that is always a good thing!

If you are gearing up to embark on the home purchasing journey and considering a foreclosure home (which right now in the Phoenix are real estate market is typically the best bang for your buck with the least amount of time invested) than it is imperative you have a Realtor that is experienced and knowledgeable with the bank owned process to help get your bank owned/foreclosure offer accepted.