In this episode, I'm going to share with you my Top 5 Tips to get your offer accepted in a tough seller's market. There is a huge shortage of homes for sale and especially in price points that many first time home buyers are shopping in. If you want to get your offer accepted you can either hope to have the very best offer, or you can try to make your offer stand out.

Make sure to watch until the end to get my free offer.

If you would like more information on the real estate market in the Phoenix metro area or have a question about purchasing a home, please leave a comment.

📝 Visit https://yourfirsthomeaz.com/seller-s-market-vs-buyer-s-market for the show notes 📝

📺 Want to learn more? Check out my playlist How To Prepare To Buy A House. https://www.youtube.com/playlist?list=PLfINoTnqEsmEeeAAXyYWo8g_2ldXmOEMd 📺

➡️ Like the information I share on this channel? Make sure to hit the subscribe button and turn on notifications so you won't miss a single episode. ⬅️

🎙️ You can find my Arizona First Time Home Buyer Podcast on your favorite podcast app, or give it a listen at https://www.spreaker.com/show/the-arizona-first-time-home-buyer-podcast 🎙️

💰 Find out how you may qualify to receive up to $16,588 in down payment assistance in Arizona by visiting my website at www.yourfirsthomeaz.com 💰

🏠 Join me on Facebook at facebook.com/azfirsttimehomebuyers 🏠

Have a question or want to get started on purchasing your first home? You can also reach me at:
Chris Eppich
Associate Broker
HomeSmart
(480) 295-9431
[email protected]

Seller's market vs. buyer's market- Why does it matter, and what should you know when buying a house? The type of real estate market you are purchasing in can make a big difference in your experience and negotiations. Many parts of the country are in a strong seller's market right now.

In this video, I'm going to explain the differences between a buyer's market, seller's market, and a neutral market. Before you jump into purchasing a home it's important to understand what this means for your home buying experience and your bottom line. It is my opinion that no other group is more affected by the type of real estate market they are purchasing in.

If you would like more information on the real estate market in the Phoenix metro area or have a question about purchasing a home, please leave a comment.

📺 Want to learn more? Check out my playlist How To Prepare To Buy A House. https://www.youtube.com/playlist?list=PLfINoTnqEsmEeeAAXyYWo8g_2ldXmOEMd 📺

➡️ Like the information, I share on this channel? Make sure to hit the subscribe button and turn on notifications so you'll miss a single episode. ⬅️

🎙️ You can find my Arizona First Time Home Buyer Podcast on your favorite podcast app, or give it a listen at https://www.spreaker.com/show/the-arizona-first-time-home-buyer-podcast 🎙️

💰 Find out how you may qualify to receive up to $16,588 in down payment assistance in Arizona by visiting my website at www.yourfirsthomeaz.com 💰

🏠 Join me on Facebook at facebook.com/azfirsttimehomebuyers 🏠

Have a question or want to get started on purchasing your first home? You can also reach me at:
Chris Eppich
Associate Broker
HomeSmart
(480) 295-9431
[email protected]

Is now a good time to buy a house? 2020 has been a crazy year and even real estate has been effected. Many first time home buyers want to know if 2020 is a good time to buy a house. I'm going to share with you my Top 3 Pros and Cons of buying in 2020.

There are a lot of factors to consider when deciding if 2020 is a good year to buy a house. First, are you in a good position to purchase a home financially. Are your financial circumstances unlikely to change? You don't want to get into a mortgage if you are likely to have financial challenges. Next, do you have the time necessary to purcahse a home? Buying a home takes time, so it's important to give yourself the necessary time to complete your purchase. Also, you'll want to make sure that you're going to be in your new home long enough to recoup the costs of purcashing.

There are really 3 top reasons why 2020 may not be a good year to purchase your first home. They are: low affordability, lack of homes for sale, and lots of competition. These make home buying difficult. But, there are also 3 top reasons why now is a great time to buy a house in 2020. They are: interest rates, tight inventory, and affordability.

If you are on the fance about whether buying a home in 2020 is for you, then you don't want to miss this.

📺 Want to learn more? Check out my playlist How To Prepare To Buy A House. https://www.youtube.com/playlist?list=PLfINoTnqEsmEeeAAXyYWo8g_2ldXmOEMd 📺

➡️ Like the information I share on this channel? Make sure to hit the subscribe button and turn on notifications so you'll won't miss a single episode. ⬅️

🎙️ You can find my Arizona First Time Home Buyer Podcast on your favorite podcast app, or give it a listen at https://www.spreaker.com/show/the-arizona-first-time-home-buyer-podcast 🎙️

💰 Find out how you may qualify to receive up to $16,588 in down payment assistance in Arizona by visiting my website at www.yourfirsthomeaz.com 💰

🏠 Join me on Facebook at facebook.com/azfirsttimehomebuyers 🏠

Have a question or want to get started on purchasing your first home? You can also reach me at:
Chris Eppich
Associate Broker
HomeSmart
(480) 295-9431
[email protected]

Common Out Of Pocket Cost To Buy A House in Arizona

The common out of pocket cost to buy a house in Arizona often vary based on price and square footage of the house. In this video I'm going to share with you the secrets to knowing how much money you'll need to save to purchase a home, as well as a few tricks that can potentially save you thousands of dollars in the out of pocket cost to buy a house.
While your down payment and common closing costs are usually a percentage of the cost to buy a house there are some fixed costs as well. It's important to remember that EVERYTHING in real estate is negotiable. There are ways you can negotiate to reduce or even eliminate the amount of out of pocket cost you have during the transaction and at closing.

Here are some of the most common costs:

Down Payment: This varies depending on loan type. There are some loans, like USDA and VA that are 100% loans, meaning that you don't have to have a down payment. The average first time home buyer uses an FHA loan, and often has a down payment of 3.5% of the purchase price of the house.

Closing Cost: Closing costs are the cost of buying the home, including the fees paid to the escrow and title company, the fees paid to your lender for doing the loan, HOA fees, real estate commissions, property taxes, and any other cost for the home purchase.

Inspection Fees: A home inspector will review the home's condition and give you a report on the condition and areas of concern in your new home. You might also need to do a wood eating organism (termite) inspection. These fees vary slightly from company to company.

Appraisal Fee: The appraisal is a tool to prevent the lender from paying more than what the fair market value is for the home. The appraiser will charge the lender a fee, and the lender will inteun pass this fee on you the buyer. This fee is often included in teh closing costs, but can be paid directly.

Earnest Money: This is a deposit made to the seller to indicate your good-faith in purchasing the house. This money remains yours throughout the transaction and coutns towards your total closing costs and down payment, unless you break the contract, in the which case, the seller gets to keep this money as damages.

📺 Want to learn more? Check out my playlist How To Prepare To Buy A House. https://www.youtube.com/playlist?list=PLfINoTnqEsmEeeAAXyYWo8g_2ldXmOEMd 📺

➡️ Like the information I share on this channel? Make sure to hit the subscribe button and turn on notifications so you'll won't miss a single episode. ⬅️

🎙️ You can find my Arizona First Time Home Buyer Podcast on your favorite podcast app, or give it a listen at https://www.spreaker.com/show/the-arizona-first-time-home-buyer-podcast 🎙️

💰 Find out how you may qualify to receive up to $16,588 in down payment assistance in Arizona by visiting my website at www.yourfirsthomeaz.com 💰

🏠 Join me on Facebook at facebook.com/azfirsttimehomebuyers 🏠

Have a question or want to get started on purchasing your first home? You can also reach me at:
Chris Eppich
Associate Broker
HomeSmart
(480) 295-9431
[email protected]

A common question among first time home buyers is "What not to do when buying a home." Many first time home buyers don't know what to do, and what not to do when buying a home. In this video, I'll be discussing the five biggest mistakes I see in the home buying process.

Want to learn more? Check out my playlist How To Prepare To Buy A House. https://www.youtube.com/playlist?list=PLfINoTnqEsmEeeAAXyYWo8g_2ldXmOEMd

➡️Like the information I share on this channel? Make sure to hit the subscribe button and turn on notifications so you'll won't miss a single episode.⬅️

🎙️You can find my Arizona First Time Home Buyer Podcast on your favorite podcast app, or give it a listen at https://www.spreaker.com/show/the-arizona-first-time-home-buyer-podcast🎙️

💰Find out how you may qualify to receive up to $16,588 in down payment assistance in Arizona by visiting my website at www.yourfirsthomeaz.com💰

🏠Join me on Facebook at facebook.com/azfirsttimehomebuyers🏠

This episode is all about how to get a VA loan for veteran and military first time home buyers. Top VA lending expert, Jimmy Vercellino, joins me to discuss the VA loan for first time home buyers. This amazing loan is a benefit earned by our military and veterans and is arguably the best loan product on the market. Jimmy and I will discuss what a first time VA buyer needs to know to get a loan. We're covering what a VA loan is, who is eligible, the Certificate of Eligibility, the VA guarantee, and much more.

Want to learn more? Check out my playlist How To Prepare To Buy A House. https://www.youtube.com/watch?v=qcY1vLMiALo&list=PLfINoTnqEsmEATYcrXO6Ei3NAhVdFULlH

➡️ Like the information I share on this channel? Make sure to hit the subscribe button and turn on notifications so you'll won't miss a single episode. ⬅️

💻 Make sure to subscribe to our Youtube channel so you get the latest first time home buying videos! https://www.youtube.com/channel/UCn60oGPGcbj0t-OTCTXQETw 💻

💰Find out how you may qualify to receive up to $16,588 in down payment assistance in Arizona by visiting my website at www.yourfirsthomeaz.com💰

🏠 Join me on Facebook at facebook.com/azfirsttimehomebuyers 🏠

If you have any questions about VA mortgage lending in Arizona, you can reach Jimmy Vercellino at:

Jimmy Vercellino, NMLS #184169,
Producing Branch Manager, Licensed Mortgage Officer
Gold Water Bank, NMLS #452955
5050 North 40th Street, Ste 260,
Phoenix AZ 85018
Phone: 602-908-5849 | Fax: 480-569-1363
[email protected]
https://www.valoansforvets.com/
https://www.youtube.com/channel/UCtRBEuMZ_Cy8JZ5G5EtQLnA
If you have any questions about mortgage lending in Arizona, you can reach Jimmy Vercellino at:

Jimmy Vercellino, NMLS #184169,
Producing Branch Manager, Licensed Mortgage Officer
Gold Water Bank, NMLS #452955
5050 North 40th Street, Ste 260,
Phoenix AZ 85018
Phone: 602-908-5849 | Fax: 480-569-1363
[email protected]
https://www.valoansforvets.com/
https://www.youtube.com/channel/UCtRBEuMZ_Cy8JZ5G5EtQLnA

The Phoenix real estate market is experiencing a shortage of homes for sale, especially in the $200k-$300k price range, where many first time home buyers are competing to purchase their first home. While most buyers are looking for that move-in ready home, there is another option, the FHA 203k Construction Loan. This FHA loan allows a buyer to purchase a home that needs some remodeling work to be done, be a part of the designing of their dream home, and get that work done, often with instant equity in the home. This week, my friend, Dyan Neilsen, who is a licensed mortgage officer and branch manager for Sun West Mortgage joins me to talk about this exciting loan program.

Don't forget to join us on facebook at facebook.com/azfirsttimehomebuyers.
Want more information on down payment assistance in Arizona? Check out our website at www.yourfirsthomeaz.com.

If you have any questions about mortgage lending in Arizona, you can reach Dyan Neilsen at:

Dyan Nielsen
NMLS ID 374423
Producing Branch Manager
D: (602) 962-7505 | M: (480) 220-0480
F: (866) 655-7664
E: [email protected]
Sun West Mortgage Company, Inc. NMLS 3277
Branch NMLS ID 1986585 | 1521 E Elliot Rd., Ste 104, Gilbert, AZ 85234