I appreciate you giving me the chance to help you find a home. I hope you will let me earn your business. Remember that the seller pays for the buyers representative, so it will not cost you anything to have my services. Please do not visit any New Home Models or FSBO homes without me, they pay me (in most cases) for helping you!

I need to let you know several things.

First thing needed: LSR

First off, if you want to use an out of state lender they need to know that in Arizona we have to use a form which is called a Loan Status Report (LSR) and Loan Status Update (LSU). You can find them under Forms on the Buy A Home Tab. This form is submitted with an offer to buy a home, if we buy a resale home. When we buy a resale home from an individual it takes about 30 days to close and move in after we have an accepted offer and contract. We will need an LSR for all pruchases except from a Builder. Most Arizona lenders have LSR's to fill out and fax as needed prior to the home search. If you need a lender there are several links under Resources for lenders other clients have used and recommend.

Buyers Advisory:

Please click on the following tab to review the Buyers Advisory from the Arizona Association of Realtors. This attachment should be given to the Buyer prior to submission of any offer. Please review by clicking below:

English version - www.aaronline.com/documents/buy_advis.pdf
Spanish version - www.aaronline.com/documents/buy_advis_spanish.pdf

Pre-foreclosure or Short Sell

If we buy a pre-foreclosure home (called a Short Sale, because it will sell short of what is owed on it) and we are completely unable to figure dates of when you will close on the home. It could take up to 13 or more months and as little as 45 days. A foreclosure or bank owned home, or Relocation Company owned home typically takes anywhere from 45 days to 6 months or longer depending on how responsive the lender is (how busy or motivated they are). Most all of these types of homes require an "As is" addendum as well as "Short Sale" addendum and various other bank addendums. I would not recommend taking a Short Sale/ REO /or Lender owned home any older that 3 or 4 years because of "As Is" issues, unless that is all that is in your price range. Typically when you place an offer on this type of home your offer is submitted to the bank. While they are reviewing your offer they may (and usually do) receive more offers on the same home. Then the bank sends back multiple counter offers on the home in an effort to up the price on the home (to cut the banks losses) or they will work with the highest bidder and then work their way down if the highest bidder doesn't work out. So our offer may be taken into review by the bank and then another offer is submitted and the bank work both of us to our maximum price (or several of us) and then accept the offer that provides the bank the most net income.  Many homes are priced well below what the bank expects to sale for in an effort to get more buyers competing for that property and thus move the price up.

Builder or New-build homes

Remember most importantly, do not view or call or register with a builder without me accompanying you or calling for you. IF YOU DO NOT INCLUDE ME I AM NOT ABLE TO HELP YOU with the transaction, and perhaps not help you receive discounts or incentives that you may not be aware of. My services are paid for by the builder and it will not raise your cost at all. So you get free representation. Most builders have inventory homes that have been built for someone else that did not end up buying the home or were built as "Spec" Homes. These homes are typically lower in cost than new build homes and because of the resale market, easier to get into.  If you choose a home to be built and choose the site there may still be discounts or incentives to have a New-build home done just the way you want it. Most builders offer incentives to go through their lender of choice (normally in house lenders) so we do not normally need an LSR with them. We will use the Builders papers for the offer etc. Normally an earnest deposit is anywhere from $500 to 3% of the purchase price, depending on the builder. Most deposits would be non-refundable once the builder provides legal notification.