Buying your first Tucson Home

If you are buying your first Tucson home, you may feel like you are learning to speak a whole new language. Earnest money, down payment, closing costs, inspections- this jargon is completely new! The bottom line is that you need a real estate professional who will walk you through the process, and assist you to make your first Tucson home purchase a rewarding experience. Sarah Ley will ensure that buying your first home is a positive experience. She enjoys working with first-time home buyers, and is highly competent and professional.

Renting vs. Buying:

You will find that going from renting to owning a home is a very liberating experience, but make sure you are ready to make the transition.

Take the time to read all you can about home ownership, with emphasis on how much home you can afford financially. Remember that although lenders will give you a certain amount of money for a loan, this does not mean that you should borrow your entire limit. Be prepared for unexpected future costs, such as maintenance and repairs and remember to factor in home owners insurance and often additional utility bills, such as water, trash, and sewer.

Shop around for loans- many lenders have special programs for first-time home buyers.

A reputable source for first-time home buyers is Fannie Mae’s (Federal Home Loan program) Home Buying Guide.