How to Buy Houses in Phoenix
- 1). Determine your budget for buying a home in Phoenix. Since Phoenix is a large city, the most inexpensive houses are single family homes priced from $200,000. However, even single family homes can be priced in the millions. If you're looking for a newly built home, expect to spend at least $350,000. If you're budget is a bit smaller, you can find townhouses and condominiums starting at about $125,000.
- 2). Decide which village you'd like to live in. When Phoenix's population was growing, the city was divided up into several urban villages to make city planning easier. No matter what type of living conditions you want, you can find it in Phoenix. Central City Village is located downtown, an ideal location for someone interested in a metropolitan lifestyle. Many other villages surround it, such as Encanto Village, home of a 222-acre park, and South Mountain Village, which has quick access to downtown. There are also more rural villages, as well as villages with a mountain view. More information about Phoenix's villages can be found in the resources section below.
- 3). Consider hiring a real estate professional. They are especially helpful if you're not from the Phoenix area. A real estate professional can help you find a home that's within your price range and has the features you want. Also, she will have knowledge of the area and will know which villages are be best for you and your family.
- 4). Meet with a lender. Before you can buy a home in Phoenix, you'll need to get prequalified for a mortgage. You'll also need to have enough money for the down payment and the closing costs. Homes in Phoenix can be very expensive. After you decide on the type of home you want and the village you'd like to live in, you need to make sure you can receive a home loan that covers all the costs.
- 5). Figure out the best time to move. You should definitely share this information with your lender, your real estate professional, and the sellers of the homes you're considering. You may fall in love with a home that you can't move into for another six months--even though you need to vacate your current house in 30 days. If this situation comes up, you will need to decide if you want to keep looking or find somewhere else to stay until you can move into your dream home.