Purchasing real property is a major commitment and is often a very expensive undertaking. The standard approach involves a 30-year mortgage and years of saving for a down payment. Although some of the rules have changed in recent years, quite a few prospective...
It may take some time to find your dream home. But, once you do, you might not want to rush into a purchase. You may find that, after buying the “perfect home,” there were major problems. However, you may be able to avoid that with a home inspection. A home...
Investing thousands of dollars in a home is a significant move. Thus, you should be careful with the steps you take when closing a deal. Any mistake, such as not conducting a title search inspection or an appraisal, can cost you a lot of money. You need to be...
Buying a property that is a short sale can feel like a dream come true. You are getting a house that you would likely otherwise not be able to afford and, if you have the time to wait for the transaction to complete, you probably will not face a lot of competition....
Buying a property is one of the most expensive purchases many of us will ever make and it’s an exciting investment. Having said that, it is not one that comes without risk and stress. There are things that can go wrong throughout the process which can be difficult to...
Residential real estate transactions in Arizona typically involve hundreds of thousands – and often millions – of dollars. With this amount of money flowing back and forth during transactions, home buyers and sellers can easily become the victims of real estate scams....
With residential properties, the person living in the property usually has very few obligations outside of paying rent. They may also have to cover the utilities, but some landlords will even include these in the cost of rent. The landlord will also be obligated to...
Residential real estate transactions are complex undertakings that involve several steps. Understanding each step and what happens during them is crucial if you buy or sell a home. Two concepts often the source of questions are earnest money and escrow. What is...
The home buying process is complex partly because of the many steps that come between finding the right home and being able to close on it. During the process, you will likely make an offer on the home. After the offer is accepted, a title search must be done. A title...
When looking to buy real estate, you may discover that the land has an easement. An easement is a right granted to a party who is not the property owner the ability to use that land. A common example is when a shared road runs through one party’s land and connects to...
