Question 1

What are the current real estate market conditions in Arizona?

Accepted Answer

Arizona's market varies by season and location. As of mid-2025, it’s moderately competitive—especially in Phoenix and surrounding areas. Prices have stabilized slightly, but demand remains strong due to population growth and low inventory.

Question 2

What areas or neighborhoods are best for my budget and lifestyle?

Accepted Answer

It depends! Phoenix, Gilbert, and Chandler are great for families. Scottsdale offers luxury and lifestyle living. Mesa and Peoria offer value and convenience. I can help you narrow down based on your priorities—schools, commute, budget, etc.

Question 3

What are the total costs involved in buying a home?

Accepted Answer

Beyond your down payment, you should budget for 3% to 6% of the purchase price in "cash-to-close" costs. In Arizona, this typically covers:

Upfront Costs: Professional home inspections ($400–$600) and the appraisal ($500–$800).

Closing Costs: Loan origination fees, title insurance, and escrow fees.

Prepaids: Setting up your "escrow account" (prepaying 1 year of homeowners insurance and a few months of property taxes).

Agent Compensation: Depending on our negotiation, this may be paid by the seller or added to your costs.

Question 4

What’s required to get pre-approved in Arizona?

Accepted Answer

There are a few variables to get pre-approved depending on your unique situation. For the most part, you'll need proof of income (W2s or tax returns), a solid credit score (620+ for most loans), bank statements, and ID. Pre-approval strengthens your offer and helps define your budget.

Question 5

Are there any "Arizona-specific" rules I should know?

Accepted Answer

Arizona has specific protections and "quirks" you won't find in other states. Here is what you need to know:

The SPDS ("Spuds"): Sellers must provide a detailed disclosure of every known issue, from past roof leaks to scorpions.

The CLUE Report: You get a 5-year insurance claims history to spot hidden water or fire damage.

10-Day Inspection Period: By default, you have 10 days to inspect everything. If you find a deal-breaker, you can cancel and get your earnest money back.

New ADU Laws (2026): Recent "Casita" laws make it easier to build or buy properties with guest houses for extra income.

Public Reports: Buying new construction? Builders must disclose soil conditions and nearby flight paths.

Question 6

Who pays Buyer Agent's Commission?

Accepted Answer

In Arizona, commission is fully negotiable. While you are contractually responsible for your agent’s fee, we typically negotiate for the Seller to cover this cost as part of your purchase offer. Most sellers still do this to attract the best buyers!

Question 7

What’s my home worth in today’s Arizona market?

Accepted Answer

Your home’s value depends on location, condition, upgrades, and recent sales nearby. I provide a free comparative market analysis (CMA) to help you price your home accurately and competitively.

Question 8

How long will it take to sell my home?

Accepted Answer

Most homes in Arizona sell within 30–60 days, depending on price, condition, and market timing. Homes show better during cooler months (October–April), but I work to sell year-round.

Question 9

What should I fix or upgrade before listing?

Accepted Answer

Minor updates like paint, landscaping, and lighting can go a long way. Decluttering and staging help buyers envision themselves in the space. I offer a pre-listing consultation to guide you on what’s worth doing.

Question 10

What are the seller’s closing costs and fees?

Accepted Answer

Typical seller costs:

Agent commission (5–6% total)

Title and escrow fees

HOA fees (if applicable)

Repairs or buyer concessions
I’ll walk you through a detailed net sheet so you know what to expect.

Question 11

Should I sell before buying a new home?

Accepted Answer

It depends on your financial situation and goals. Options include a contingent offer, bridge loan, or rent-back agreement. I can help coordinate timing so you don’t feel rushed or stuck between moves.

DiAna Martinez - AZ Realtor

Providing exceptional clients with exceptional real estate solutions!

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