HOME BUYERS CHECKLIST
The following Q & A is prepared by the Arizona
Association of Realtors and designed to answer some common questions you
may have while looking for your home.
What are the buyer's responsibilities in
- Investigate and inspect the property.
- Reasonably consider the age and overall condition of the home.
- Take an active role, ask questions.
- Exercise reasonable care to protect yourself.
- Verify verbal statements. Get them in writing!
- Review the Seller's Property Disclosure Statement (SPDS), paying
to the date prepared and to questions answered
"unknown" or left unanswered.
- Hire a professional home inspector and attend the inspection.
- Be aware of all contractual obligations.
2. What is the role of the buyer's Realtor?
- Find properties that meet your needs.
- Assist in answering your questions or direct you to other sources for
- Prepare the purchase contract according to your instructions.
- Submit all offers and counteroffers.
- Coordinate all inspections and walkthroughs.
- Promptly communicate the status of your transaction while in escrow.
3.What should the buyer do to investigate
and inspect the property?
- Tell your Realtor what's important to you. Your
Realtor can either answer your questions
or direct you to other sources
- Verify all important information from any source (e.g. MLS information,
that could affect whether you'd buy the property or
how much you would pay for it.
- Check nearby property uses.
- Conduct the necessary inspections. At a minimum, your inspection of the
should include: the roof, structural integrity, heating and
cooling systems, termites or
other pests, electrical and plumbing, waste
disposal, square footage and property lines.
- Conduct a final walkthrough to verify that the property is in
substantially the same condition
as it was at acceptance and that all the
requested repairs, if any, have been satisfactorily
4.What other information might the buyer want to look for?
This will depend on your needs, plans for the property,
and what's important to you. The following
checklist contains some of the
property's non-physical conditions that you may wish to address:
* Neighborhood or area conditions
* Schools, day care facilities, health facilities
* Availability of fire protection, emergency, and other services
* Crime statistics, adequacy of law enforcement
* Proximity of registered sex offenders (Check www.azsexoffender.com)
* Proximity to commercial, industrial, or agricultural activities
* Existing and proposed transportation, construction and development
* Views, traffic, airport flight paths, other noises or odors from any
* Wildlife and domestic animals; other nuisances, hazards, or
* Existence of required governmental permits, inspections, or
* Governmental limitations, restrictions, and requirements, including
zoning and flood plain,
affecting the use of the property.
* Condition of common areas and facilities ( if any)
* Existence of deed restrictions, conditions, covenants and restrictions
or other governing documents
* Information regarding any homeowners' associations, including, but not
limited to, minutes,
financial statements, pending special assessments,
claims, and litigation
* Current or past infestation by termites, scorpions, insects or other
* Conditions relating to your personal needs, requirements, and
You may have a wide range of concerns and may desire
additional information or investigation of issues.
Discuss these with
your Realtor. Many times, your Realtor can direct you to the appropriate
5.How can buyers protect themselves from
the cost of property defects?
- Get a home inspection. The seller and the
agents may not know of existing property defects.
A home inspection is critical to
the buyer as it enables a buyer to determine the condition of the
before close of escrow and negotiate possible solutions to any problems
before electing to go
forward with the transaction.
- Get a home warranty. Buyers are strongly encouraged to buy a home
warranty. However, all
policies are not alike. read your policy for possible
coverage limitations or restrictions.
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