Welcome

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This is your essential guide in explaining the home buying process.

You are about to begin an exciting journey in finding and purchasing the home of your dreams. Driggs Title is here, not only to see that you find that home at the best possible terms, but also to help you through the process.

This booklet will explain the particulars of buying a home. You will find it useful to familiarize yourself with the various documents and procedures you will encounter during the home buying process.

Review the material and feel free to contact Driggs Title with any questions you may have. If you require further information on your specific situation, please contact your Escrow Officer.

We wish you the best of luck in this exciting endeavor!

Table of Contents

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Determining Your Wants & Needs...............................................4Top 10 Buyer’s Questions...........................................................5Tips To Make Your Closing Worry Free.........................................6Choosing a Mortgage................................................................7Loan Information......................................................................8Canadian / Foreign Investors.....................................................9The Appraisal.........................................................................10The Inspection........................................................................11Don’t Have a CLUE about the CLUE Report?...............................12Property Taxes.......................................................................13Arizona’s Good Funds Law.......................................................14Who Needs Escrow.................................................................15The Escrow............................................................................16Life Of an Escrow....................................................................17Speed Up the Closing..............................................................1810 Reasons to Request a Homeowners Policy of Title Insurance.....19Holding Title to Real Property.....................................................20Preliminary Title Report............................................................21Life of a Title Search...............................................................22Explanation of Preliminary Report..............................................23You’re a Homeowner, Now What?............................................24Moving Checklist...................................................................27Real Estate Dictionary.............................................................28Notes...................................................................................31