In a real estate transaction, a seller is required to disclose crucial information to the buyer. In Arizona, this includes any information the seller is or may be unable to perform, and any material defect existing in the property and the existence of a lien on the...
Year: 2023
Are commercial tenants obligated to maintain their buildings?
Tenants often have just a small number of duties beyond paying the rent. They could also be responsible for paying the utilities if their landlords do not include them in the rent. Typically, the landlord must be responsible for hiring someone to do essential repairs...
Points to remember when buying a home from an estate
Buying a house from an estate, also known as purchasing a probate property, can be an opportunity to acquire real estate at a potentially reduced price. However, this process is usually more complex than a typical real estate transaction due to the involvement of the...
Tips for buying a house with other than a spouse
Home prices in many parts of Arizona and across the country are out of reach for many Americans. Even being able to qualify for a mortgage with a decent interest rate may be out of the question, especially if you have student loan debt and other financial obligations....
5 things to pay attention to in a promissory note
When you find a reliable mortgage lender, they will want you to legally "promise" that you will repay the loan. Thus, in addition to your mortgage contract, you may be requested to sign a promissory note – a financial instrument that shows you agree to be indebted to...
Should you get a home appraisal?
A home appraisal is an important stage in the process of purchasing or selling a house. A house appraisal is a professional appraiser's unbiased evaluation of the market worth of a property. It is an essential tool for assessing a home's fair market value for both...
Why custom real estate offers are better than boilerplate forms
The average adult who is thinking about buying a home in Arizona is surprisingly flippant about how much financial risk comes with homeowner status. Some buyers are impulsive when making offers, and others become competitive, feeling like they have to win over other...
What does a home inspector look for?
Before purchasing a home, you may need to consider hiring a home inspector. A home inspector can find issues with a home that you may have overlooked. After a home inspection, you may have a better idea of whether a home is worth the purchase or a life-long...
Is a short sale really beneficial?
The real estate industry involves numerous processes for buying and selling. A short sale, which involves buying a home for an amount less than what the current owner owes the mortgage lender, is one of them. This purchase process is popular in the industry, and a...
A property title search will tell you these 4 things
The process of acquiring a new property can sometimes be a daunting task. The buying process can be complicated, and there are a lot of steps between starting your search and finally securing the keys to your new home. That being said, it is crucial to undertake the...