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...
Real estate transactions
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...
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...
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...
Waiving an inspection? Costly issues you could miss
Buying a house right now is no easy task. Between the sharply increasing housing prices and the shortage of homes, motivated buyers are considering various components to make their offer as attractive as possible. If you are looking to buy a home, one option you may...
What contingencies do you need to protect yourself during a real estate purchase?
When making an offer on a piece of real estate, you have the option to add contingency clauses to the document to protect yourself. These essentially give you a way to walk away from the deal if the contingencies are not met. You don’t have to take as great of a risk...
You need to know the zoning before buying commercial real estate
Real estate is a practical purchase but also an investment. In recent decades, real estate has generally appreciated in value or gone up in price faster than inflation has occurred. Buying commercial real estate can be a good move for a business, especially one that...
Why you must insist on earnest money in your real estate transaction
You want to list a property for sale in the region, so you contact a Tucson realtor to manage the sale. But one provision that must be included in your purchase agreement is that the buyer must put up earnest money. This good faith deposit indicates the buyers’ intent...
