Pinetop White Mountain Blog

Good Afternoon Everyone,

Today's post is directed at First Time Homebuyers or Buyers who have not participated in a Real Estate Transaction in a long time.  Buying a house or a piece of land is not an easy process.  In the present market conditions they can be even more complex. 

"Back in the Day" if you wanted to buy a piece of property you found the property, wrote an offer, got a loan, and took Title to the property.  It was a fairly easy process and you got what you got.  No one cared whether the seller told you the roof leaked or that there was a drainage problem on the property.  It was an "AS IS" "Where Is" transaction and it was a Buyer Beware situation.

Today things are very different and there are concerns that we didn't have to deal with in times past.  For one thing, the Arizona Purchase Contracts are much more complex.  The Residential Contract is now 10 pages long with multiple additional addendums depending on the circumstances of the sale.  The Land Contract is equally complex with many requirements that were not even considered in times past.

To be an informed Buyer in today's market you need an agent who can walk you through the process, help you understand both the Buyer's and the Seller's Obligations in the transaction, and in general help navigate you through the transaction with the ultimate goal being a successful closing.

To help you on that trail, the link below will take you to a document developed by the Arizona Association of REALTORS® that will give you a huge amount of information and help you prepare for the buying process.  It contains any number of websites that you can check out information about the process.  It is a good guide book and will benefit you greatly throughout the process. 

Link to the AAR Buyer's Advisory:  www.aaronline.com/documents/buy_advis.pdf

I hope you find this information useful.  If we can help you with your search or assist you in your next purchase, we are at your service.

Sandra Paulow, Associate Broker, GRI & Bruce Paulow, Associate, GRI

Aspen Properties, Inc.  in Pinetop, Arizona  (928) 242-0300