Regarding real estate, ownership is not always as straightforward as it seems. Property rights can be complex, and various hindrances can limit your ability to use, sell or develop your land. Understanding these encumbrances is crucial for anyone involved in real...
Imagine you've found your dream home. It's in the perfect neighborhood, has all the features you've been searching for and you can already picture your future there. However, before you commit to buying the home by signing the purchase contract, there's a crucial...
Buying a home is the largest transaction that the average adult will ever complete. They will commit multiple years of their salary for the purchase price of a property. What they pay for their mortgage each month could be as much as a third of their household income....
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...
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...
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...
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....
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...
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...
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...
