Homes for Sale in Tempe AZ

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Posted on 5/2/2020 6:44:41 AM

Homes for Sale in Tempe AZ

So you're ready to buy a house. If you think house hunting is like looking for toilet tissue during a pandemic, you're not alone. A lot of buyers say finding the best home is the most difficult step of the home-buying process.

Searching homes for sale in Tempe online isn't the exact same with every site. Did you know that national portals, like Trulia and Zilliow, are slow to show new listings?

When a property is listed for sale it hits the local mls in a matter of minutes, normally about 15, but can take as long as 9 days to populate to nationally syndicated sites according to studies on the subject.

How a Realtor Can Help You Search Homes for Sale in Tempe Arizona

Realty agents are a cent a dozen. That's why you don't need just any agent. You need the best agent. A Tempe Realtor who understands the local realty market can go a long way.

It's a great reason to employ a realty agent when buying a house since they understand the intricacies of Tempe homes for sale. With the vast amount of realty information offered online, some home buyers select not to employ a Tempe Realtor.

While you may be successful in finding a home, an agent is very useful in the negotiation process. Buying a home is a big deal and when the time concerns make an offer on a house a Realtor can help you avoid mistakes that could cost you thousands of dollars.

As tempting as it is to have a relative, a pal from church, or your cousin's hubby's friend assistance you, always stick with a vetted expert who has experience and can help you find the best home. Call us today and we will connect you with the best Realtor.

How Big of a Home in Tempe can You Afford?

Conservatively, your regular monthly housing costs must total 28% or less of your total gross income.

By this step, a single adult with a $50,000 annual income, or $4,167 in gross pay monthly, can pay housing costs of as much as $1,167 monthly. This includes payments toward your mortgage principal, interest, real estate taxes and property owners insurance.

The preferred ratio of regular monthly housing costs and any other debt payments to regular monthly gross income is normally 36% or less.This second metric can paint a a lot more accurate photo of what a novice customer can and can not pay for from a loan provider's point of view.

What to Consider Before Searching Homes for Sale in Tempe Arizona

When you begin searching homes you may be focused on the size of the lawn or the square video footage of the kitchen area, but there are other attributes to a home that are much more important to consider.

Newer homes normally have two or more bathrooms, although some bathrooms might not have a tub or shower. The size and style of bathroom is very important also. Do you want a tub or shower or both?

Jacuzzi tubs are popular for relaxing, and some people prefer a shower stall for easy access.

The kitchen area really seems to be the heart of the home. It is where great food is produced for the family and pals who gather there. When guests show up, they normally end up hanging out in the kitchen area, and since it's a center of activity and entertainment, the size and layout are very important.

Should You Rent or Buy a Home for Sale in Tempe AZ

If you're in a position where you have savings, family support, or a job that's likely to remain stable even if we are in an economic downturn, buying a home makes sense. An essential element to consider when deciding whether now's the right time to buy a house is whether it makes more economic sense for you to rent or buy in the market where you live. The price-to-rent ratio can help you compare total costs of owning a home versus total costs of renting a similar property.

Is Now a Good Time to Buy a Home for Sale in Tempe?

A lot of financial experts suggest you keep housing costs to 30% of your income or less. If you can't find a home that's cost effective based on this ratio, consider waiting to buy up until your income increases or you've transferred to an area with a lower cost of living where your home won't take such a large percentage of your take-home income.

The best time to buy a new home in Tempe can also be when you're cash flush, your credit history is strong, and you don't have a lot of large debts.

Features that Make Homes for Sale in Tempe a Hot Choice

Buyers are searching for newly-built homes that include sufficient space for an outdoor garden and even a mini-greenhouse. As more people try out growing their own vegetables and herbs, sufficient space and resources for gardening are a hot feature.

One of the truly great aspects of providing your agent a list of specific facilities and features is they can use technology to find that perfect home for you.

Tips to Purchase Homes for Sale in Tempe AZ

If you want to make a wise investment on your home purchase, you need to buy a house that'll go up in value. Speak to your realty agent about home values in your area and their potential.

Consider your life stage. It doesn't make sense to buy a house if you may move next year. The process of buying and selling a house is costly, so ensure you feel confident you'll be in that area for the next five to seven years.



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