Unless you buy a brand-new property, it is entirely possible that a former owner or others once died in the home. Even then, with the high concentration of indigenous ancestors buried in southern Arizona, the land on which homes are built could be prehistoric...
Real estate transactions
Does a variance change a zone?
Commercial real estate may be available for purchase, but that doesn’t necessarily mean that it’s in the correct zone. If you’re looking to make a purchase, you may want to open a retail center. But you could find that it’s in an industrial zone or a residential zone....
3 reasons you need a funding contingency when buying real estate
Most real estate purchases cost a considerable amount of money. That applies whether you are buying your first apartment or a further addition to the portfolio of properties you already own. One thing you cannot afford to be doing is committing to a contract to buy...
Potential benefits of leasing commercial property
There are many benefits to buying commercial property. For one thing, the real estate then becomes a significant asset that your business owns. If you move to another location in the future, you can sell this real estate, and the value may be much higher than what you...
3 tactics for overcoming an appraisal gap when buying a home
There are many last-minute issues that could arise and complicate a residential real estate transaction. The buyer could lose their job. A storm could blow through and severely damage the property. There could also be concerns about the price offered for the property....
Types of due diligence to conduct before renting a commercial property
Renting a commercial property is a big decision. A lease is a significant commitment, and overlooking key details can lead to unexpected costs or legal complications. Conducting thorough due diligence ensures the property meets your business needs. Below are some...
Why you need title insurance to protect your home purchase
Buying a home is probably one of the most significant investments you’ll ever make. But what if, after closing the deal, you discover someone else has a claim to your property? It sounds like a nightmare, right? That’s where title insurance comes in. Title insurance...
Do new property owners have to honor easements?
Buying a property with an easement can complicate things. The easement may have been established long before you purchased the property, and you may not want to honor it. Regardless of the agreement between the previous property owners, you had no involvement in it...
An overview of opportunity zones in Arizona
Revitalizing underserved communities has been a priority of federal and state agencies for many years. In 2017, the “opportunity zones” initiative was launched under the Tax Cuts and Jobs Act. Opportunity zones are low-income communities that can benefit from...
Must your realtor disclose any deaths on the property you buy?
While death is something we all experience, some people have very strong feelings about living in a home where someone has died. Of course, unless you build a new home — and especially if you purchase a historic older property — the chances are high that someone...