The world is shifting even more towards a completely digital landscape in almost every imaginable way. According to the National Association of Realtors Research Group’s 2020 Home Buyers and Sellers Generational Trends Report, 84 percent of all home buyers have now turned to the Internet to look for their next property. The report also mentioned that photos were the most crucial feature that convinced buyers to select a home. With the rapid advancements in technology, there’s more you can do online: you can go on virtual tours, view 3D floor plans, and check how many times the property’s list price has changed.
Tips on Buying a Home in Phoenix, AZ
Now that Phoenix first-time home buyers have so much information available, it’s now easier to decide on a property. However, many potential homeowners feel overwhelmed with the abundance of data and feel unsure about the process. Here are four common myths that millennials, who comprise most of today’s home buying demographic, should know about:
- Viewing a House Online Is the Same as Seeing It in Person. It’s much easier to view an individual property online nowadays, thanks to websites like Google Street View and Zillow. However, viewing houses through virtual tours, 3D graphics, or images isn’t enough to get a good feel of the property. Remember that these photos showcase the home’s most flattering angles, which often doesn’t illustrate what the house truly looks like when you see it in person. It ultimately provides a limited view, so you’ll have to pay it a face-to-facade visit to determine if it really is the property for you.
- Real Estate Agents Aren’t Necessary. While homebuyers aren’t legally required to work with a real estate agent when buying a property, that doesn’t mean they aren’t necessary. These agents know the ins and outs of the market, making them an invaluable source of information. If they have represented buyers in the neighborhood that you’re considering, they can give you more information about the price point of properties similar to the one you’re buying. Overall, they provide crucial intel that will be useful in the home buying process, so it’s always better to have a real estate agent on your side. They can also suggest reliable mortgage lenders in Phoenix because they have a vast network, which you can use to your advantage.
- The Agent That Listed the Property Is the Best One for You. Many trustworthy websites like Zillow and Trulia list homes that you may probably fall in love with, but that doesn’t mean you should use them as your agent. They aren’t built to find the best agent for you, and they feature agents who pay to be visible on these websites. You may end up clicking on an agent who doesn’t actually know the housing stock or work with buyers with your budget.
- Buying Directly from the Owner Gets You a Better Deal. You might believe that you’ll be skipping hefty fees by buying directly from the owner, but the truth is that the agent will only get the full commission, and you won’t get any protection or representation in the process. As a first-time home buyer in Phoenix, you don’t have any prior experience in negotiating property prices, which means you’ll end up spending more for the house than you would have with an agent. That means even more costly Phoenix home loans, so it’s best to avoid this route.
First Time Homebuying with Desert Springs Mortgage
Knowing the common myths that many home buyers believe when viewing properties will help you make sure you get the best deal possible. By learning the truth behind these misconceptions, you can make informed decisions as you make the exciting journey of becoming a first-time homeowner. Desert Springs Mortgage LLC is a full-service Phoenix mortgage company offering many different loans: commercial mortgages, FHA loans, VA, USDA, and others. Contact us at (623) 432-1309 to get started on funding your dream home!