With the financial industry hurting in today’s economy, I’m glad that there are more provisions being put into play by the government when mortgages are concerned. But with provisions come prices that we’ll have to be paying with time and work.

So home loans are now going to be work. It’s troublesome when you’re going through the process of applying, hopefully it won’t be hard like applying for a foreign visa, but I think it’ll do its job of truly only allowing qualified applicants.

More on Mortgages to Become More Scarce and Difficult

Is today the day to realize your dream of owning your first home in Tucson? If so, TRE Daily is here to help organize your home-buying plan:

1. Paperwork. First step is to learn if now is your time to buy, and how much you can afford. You’ll need to look at your income, credit (and rating), current monthly expenses and down payment availability. Check this handy calculator to help you crunch your numbers. Once you determine that your financial house is in order, and after you’ve visited a lender to determine your qualifications for a mortgage, you’re on your way to confident home buying.
2. Partner. OK, time to go shopping! Before you look for a house, you should locate a good REALTOR – and you’ve found one in Ron Park of TRE Daily! We are your best guide through all aspects – neighborhood selection, zeroing in on price range, and accessing homes as soon as they’re put on the market. The TRE Daily process will save you time and money.
3. Shopping. With the best, most experienced ally as your guide, it’s time to search for your home. TRE Daily will help you make quality selections. You’ll have a TRE Daily checklist to help you analyze important home features, interior and exterior qualities, neighborhood and environment of each property you review. You can use the TRE Daily checklist to compare homes as you proceed in your search. This is a big decision –take your time!
4. Inspect. When you’re ready, discuss the options of making an offer with TRE Daily, who will be there to assist with any negotiations to the terms of the sale. At this time you’ll also want to get a home inspection from a trained, certified expert. Read TRE Daily’s Home Inspection 101 post for more information on home inspections. In addition you’ll need to shop for homeowners insurance, and TRE Daily can help you find a reliable insurance company.
5. Finish Line. You’re almost there! Read everything (inspection report to closing documents) before you sign. Ask questions. Once again, TRE Daily is your partner right through to the closing. Here is a handy resource on what you can expect at a closing and in terms of settlement costs.

For many, the process of first-time home-buying can be frightening. But with TRE Daily by your side, it will be a very satisfying and positive experience. Call TRE Daily today to get your home-buying checklist and to get going with your American dream home!

Home Buying or Selling 101 isn’t rocket science. But it is a thoughtful process with crucial steps to follow. The one essential step that protects you and helps you make an informed decision involves hiring a home inspector.

Your home is the biggest investment you’ll make in your lifetime. A qualified inspector can be your important ally in the home buying or selling process. He or she can educate you on the condition of the home you wish to purchase or sell.

According to the American Society of Home Inspectors (ASHI), a certified inspector provides an objective visual examination of the home’s physical structure and systems. ASHI says that the standard home inspection covers: the home’s heating system; central air conditioning system; interior plumbing and electrical systems; the roof, attic and visible insulation; walls, ceilings, floors, windows and doors; the foundation, basement and structural components. There may be a need for an energy audit, a mold inspection and of course a termite inspection.

For home owners considering selling, maintenance should be at the top of your list prior to putting your home on the market. ASHI’s maintenance inspection can help you check everything from the foundation, roof and gutters, to a home’s exterior and interior walls, electrical wiring and plumbing. The ASHI maintenance checklist, a list of items in the home that should be maintained annually or by season, is available by contacting a local ASHI Certified Inspector (located through a database on ASHI’s Web site). The ASHI’s Standards of Practice and Code of Ethics outline what you should expect to be covered in your home inspection report, and these are available on the ASHI website.

There is a careful inspection timeline in Arizona, during which the buyer conducts an inspection and provides a report to the seller in writing. Then, the seller either responds on how issues identified in the inspection will be corrected, or decides to not remedy the issues presented. Ultimately, the buyer accepts the seller’s response or rejects it and cancels the contract.

We can help you do your due diligence and walk you through the process. Contact Ron Park and learn how to purchase or sell your home with confidence.