Whether you have one home to rent or an entire apartment building, screening prospective tenants can help you avoid financial losses and just all-around problematic renters. Here in Arizona, landlords can charge a non-refundable application fee to prospective tenants...
Year: 2021
CC and Rs: What to know before you buy into a planned community
Some residential areas grow organically, one house or street at a time. Others are planned developments and those usually come with a homeowners association (HOA) or another governing entity that enforces certain rules for the people who live there. Those rules are...
Should you have an attorney for your Arizona closing?
Each state has their requirements as to whether an attorney is necessary at a real estate closing. Arizona law generally doesn't require prospective homeowners to have an attorney. Just because the state doesn't require people to have an attorney for a real estate...
What can you do if you are co-heir to real estate?
The loss of a loved one and the distribution of their estate is always challenging. When multiple people inherit a piece of real estate and become joint owners as a result, it can become even more complex. You and the other owners may not agree on how best to use the...
Are you prepared to take on the responsibilities of being a landlord?
Purchasing rental properties can make a great investment for you and your family. A new monthly income stream and the acquisition of assets that can be sold at a later time for profit or passed down to your children sounds like a good idea. Overall, it may sound like...
What you need to know as a landlord negotiating a commercial lease with a franchisee
Many franchisees spend quite a bit of time searching for the right commercial space for their new business venture. It often takes them up to a year to identify a place and negotiate lease terms. Commercial leasing is significantly more flexible than the residential...
What can go wrong in a title search?
In a nutshell, quite a bit can go wrong with a title search, but that is a good thing for you. Most often, when a title search "goes wrong," it means that the property you're hoping to buy has significant drawbacks that could cost you money. What kinds of drawbacks...
If you buy a home in foreclosure or pre-foreclosure, can the original owner reclaim it?
One of the ways to save money on buying a home is to purchase a foreclosure. These homes usually come up at auction after they are repossessed by lenders. A foreclosure is possible only after a lengthy notice and once enough time has been given to the original owner...
Is it worth buying a short sale?
Houses are getting to be extremely expensive, so if you see that there is a short sale on the market, you may be interested in buying it. In a short sale, the homeowner sells the property for less than they owe on the mortgage, which helps you get it at a fair price....
At what point does risk of loss pass to you as a real estate buyer?
If you are about to purchase some commercial or residential real estate, you’ve already invested countless hours into the endeavor. You’ve sought out the perfect piece of property, checked the applicable zoning laws, negotiated a price and closing date with the seller...