Buying your first home can feel like trying to run through the desert in August — overwhelming, confusing, and filled with mirages. But it doesn’t have to be. If you’re wondering how to buy a home in Phoenix as a first-time buyer, you’ve come to the right place.
This was my first home. It is also the reason I now have 25 years of helping Phoenix buyers (and living here myself). I became a Realtor because I felt my Realtor let me down and didn’t really do anything. Thus, I’ve put together this no-nonsense guide to help you make sense of the process, dodge rookie mistakes, and actually enjoy the ride.
Step 1: Understand the Phoenix Real Estate Market
Phoenix is one of the hottest (literally and figuratively) housing markets in the country. Knowing the lay of the land is the first step in figuring out how to buy a home in Phoenix as a first-time buyer.
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Median Home Prices: As of 2025, the median home price in Phoenix is around $460,000, but North Phoenix can vary based on the neighborhood.
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Inventory: The market has tight inventory, especially for entry-level homes, so being prepared helps. (Pro Tip–yes inventory has risen over the past 12 months but don’t let that fool you into thinking there are a ton of options out there)
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Timing: Spring and early summer tend to be busier, but opportunities exist year-round. This is 100% fact. Supply might dip in the summer but that doesn’t mean it’s a bad time to buy a home. Is it a good time to buy a home in Phoenix? It’s always a good time when you are ready. 🙂
Step 2: Know Your Budget and Get Pre-Approved
Before you fall in love with that perfect 3-bedroom with a pool, get real about your budget.
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Down Payment: You almost never should have to put down 20%. First-time buyers can get in with as little as 3–5%.
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First-Time Buyer Programs: Arizona, the County and Cities offers down payment assistance and other programs for first-timers. So that down payment can end up being 0 out of your pocket in some situations.
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Get Pre-Approved: This is not the same as pre-qualification. A pre-approval letter shows sellers you’re serious. (Pro Tip-either can work to begin the process. And don’t let a Realtor or Lender think you have to work with who the other referred. You are free to choose/use who you want).
👉 Pro Tip: Always talk to a local lender. They know the ins and outs of how to buy a home in Phoenix as a first-time buyer. Plus, many times, a lot of listing agents will dismiss an out-of-area lender because of these reasons.
Step 3: Find the Right Neighborhood in Phoenix
Phoenix is big. Like, really big. So where you live matters, and it’s not one-size-fits-all.
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North Phoenix: Family-friendly, newer developments, close to shopping and freeways.
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Central Phoenix: Urban vibe, historic homes, arts and culture.
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West Valley/East Valley: More suburban, growing fast, with new communities popping up.
Think about commute times, school districts, lifestyle, and amenities. Part of learning how to buy a home in Phoenix as a first-time buyer is picking a spot that fits your life now and in the future. Hire/meet with the right Realtor to give you options, answer your questions and guide you! Search Phoenix homes for sale here 🙂
Step 4: Start House Hunting (But Be Strategic)
This is the fun part, right? Well, yes, but also no. Homes move fast in Phoenix, so you need a game plan.
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Make a List: Wants vs. Needs. A pool might be cool, but 1 vs 2 story, HOA or no HOA, 3 car garage, what size lot, etc?
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See Homes Quickly: Good homes go under contract fast. Be ready to look ASAP. (Pro Tip-even if a home has been on the market for 150 days, and now you see it, don’t be surprised if someone else likes it now too)
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Virtual Tours: Many listings now have virtual options, which helps narrow down the field. (Pro Tip-make offers (if you want) from virtual tours-don’t buy a home sight unseen.)
👉 Pro Tip: Have an agent (hi, that’s me!) who knows how to buy a home in Phoenix as a first-time buyer and can get you in the door quickly.
Step 5: Make an Offer (and Be Competitive)
This is where it gets real. And sometimes emotional. But if you’re prepared, you’ve got this.
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Offer Price: In a competitive market, lowball offers usually don’t fly. If you were a seller, would you want one?
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Contingencies: Inspection and appraisal contingencies protect you, but too many can make your offer less attractive. (Pro Tip-let’s chat about how to structure these to your benefit so you have everything you need, and not lose out on the home).
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Earnest Money: Expect to put 1% down in earnest money to show you’re serious.
Step 6: Inspection, Appraisal, and Negotiations
After your offer is accepted, the real work begins.
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Home Inspection: Always get one. This is Arizona. We check for A/C issues, roof wear, and yes, even termites.
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Appraisal: Your lender needs this to make sure the home’s value matches the loan.
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Repairs/Negotiations: You can ask the seller for repairs or credits based on the inspection. (Pro Tip-don’t ever let the market dictate what you ask for).
Step 7: Closing Day (Finally!)
After the paperwork, signatures, and possibly a few mild panic attacks, it’s closing time. (Pro Tip–wanna grab a beer(s)?)
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Final Walkthrough: Make sure everything is as expected.
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Sign Docs: Arizona uses title companies — you’ll sign at their office or remotely.
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Keys: You get the keys and the real fun begins — moving in! Use our preferred mover– Copperstate Moving.
FAQs About How to Buy a Home in Phoenix as a First-Time Buyer
Q: How long does it take to buy a home in Phoenix?
A: On average, 30 days from offer acceptance to close.
Q: Can I still buy with student loans?
A: Yes, as long as your debt-to-income ratio works. A good lender will walk you through this.
Q: What if I need help with the down payment?
A: Arizona has programs like Home Plus and Pathway to Purchase for first-time buyers.
Ready to Buy Your First Home in Phoenix?
Now that you know how to buy a home in Phoenix as a first-time buyer, it’s time to make your move. Whether you’re just getting started or ready to tour homes this weekend, I’m here to guide you every step of the way. Let’s connect and talk about your next move — coffee’s on me. Or beer. Or wine.
Blair