11 Steps to Buying Your First Home in Flagstaff

What an exciting time – you’re ready to buy your first home in Flagstaff! But be careful not to get swept up too much in all that excitement. This is certainly a big decision, so it’s easy to get lost in the process.  There’s a lot of time and money on the line.  But don’t let that deter you.  As long as you know the basic steps involved in buying a home in Flagstaff, then you’ll be better prepared for the experience. You also need to forge relationships with experts in Flagstaff who can help you along the way.

Here are the 11 steps to owning your first home in Flagstaff.

Do Your Homework

  1. With any big decision, it’s always a good idea to sit down and figure out a plan. And there’s plenty of things to think about, such as price, housing type, neighborhood, school districts, and more. Here's a worksheet that can help you lay all these items out. Make sure to fill it out with everyone who’s involved in the process so that everyone has the same goals in mind.
  2. Start Shopping for Homes in Flagstaff
    Now that you know what you're looking for, start looking for listings online.  Here's a great tool for finding the ideal home in Flagstaff and surrounding communities.
  3. Find a Great Agent
    The Gary Nelson Team is ready to help you find the perfect first home and help you through the process
  4. Choose a Lender
    Now it’s time to find the right mortgage lender. Your lender will be working closely with you throughout the process, so it’s important to find one that understands your goals and needs.
  5. Pick a Loan
    Your lender will work with you to determine the right mortgage to fit your financial needs.  You'll need to provide proof of income, employment, and other details.
  6. Look at Homes
    Now things are starting to get interesting! Your agent will help you find homes in in Flagstaff and the surrounding areas in Arizona that fit your budget and the needs you determined in step 1.
  7. Make an Offer
    Now that you’ve located the home you want in Flagstaff, then you make the offer.  Your agent will help you decide how much you want to pay, along with contingencies that both parties can agree on.
  8. Negotiate, Negotiate, Negotiate
    This is where you work out the deal for your new home in in Flagstaff.  But watch out that you don’t get carried away by emotions because you want the house. Some sellers may just accept your offer, but some may make a counter-offer.  Your agent will work with you to decide what to do.
  9. Inspect the Home
    When an offer is accepted, then you'll sign a contract that will no doubt include a home inspection contingency.  At this point you'll hire a licensed home inspector to look for needed repairs. If major repairs are needed, then the seller will be asked to make those repairs.
  10. Appraisal
    Your lender needs to determine if the home is worth enough to cover the mortgage.
  11. Close the Deal
    You’re almost there! You just need to sign the final paperwork to finish the deal.  Now it’s time to get moved into your first home!

The Gary Nelson Team has been helping people buy their first home in in Flagstaff for years. They can help you through all of these steps to guide you to owning your first home in in Flagstaff. Give them a call at 928-225-3510 or 928-773-9300 to start your journey to owning your first home today.