Are you considering making the move to the sunny state of Arizona? Whether you’re relocating for work, retirement, or simply seeking a change of scenery, it’s essential to be aware of some common mistakes that newcomers often encounter. In this article, we’ll share insights from Ryan Meeks, a real estate expert from My Home Group Real Estate in Arizona, who has seen it all when it comes to moving to this southwestern state.
Using an Out-of-State Lender
One of the first mistakes people make is not using an in-state lender when securing a mortgage. Ryan emphasizes the importance of working with a lender familiar with Arizona’s unique real estate landscape, including the state’s specific purchase contract and timeframes. It’s always a good idea to seek recommendations from your realtor and check lender reviews on Google to find a reputable in-state lender.
Delays can be inevitable during the home-buying process, so it’s wise to prepare for them. Ryan suggests not closing on a Friday to avoid potential complications if delays occur. If you’re buying new construction, be aware of supply chain issues, which can lead to significant delays in the building process. Plan for extra time and flexibility in your moving schedule to accommodate potential setbacks.
Waiting for the Perfect Home
Finding a home with all your desired features can be challenging in a competitive market. Ryan advises buyers not to be too picky and to consider homes that meet most of their criteria. Waiting for a perfect 10/10 home may result in missing out on excellent opportunities to build equity and enjoy homeownership in Arizona.
Not Purchasing Right Away
While some newcomers opt to rent when they first move to Arizona, Ryan recommends considering buying a home sooner rather than later. Arizona’s real estate market has been steadily appreciating since 2013, and waiting could mean missing out on substantial equity growth. Buying sooner allows you to benefit from the market’s long-term upward trend.
Bringing Unnecessary Belongings
When moving to Arizona, think about what you truly need to bring with you. Ryan advises against bringing items that you no longer use or need, as it’s often more cost-effective and convenient to buy new furniture locally. The less you bring, the lower the chances of items getting damaged during the move.
Not Seeking Local Guidance
Finally, don’t underestimate the value of local knowledge. Reach out to a local realtor like Ryan Meeks to get insights into the best neighborhoods and areas that align with your preferences and lifestyle. Local expertise can make a significant difference in finding the perfect place to call home in Arizona.
In conclusion, moving to Arizona can be an exciting adventure, but it’s essential to be prepared for the unique challenges and opportunities that come with it. By avoiding common mistakes and seeking local advice, you can ensure a smoother transition and a successful start to your Arizona journey.