Lots of housing developments and upscale neighborhoods have homeowners’ associations (HOAs) – and they do have their benefits. HOAs can make sure that the community remains relatively stable, that the amenities that make the location so attractive are well-kept and...
When you hear the term “functional obsolescence,” you may think of CDs, rotary telephones, slide rules or even iPods. When it comes to real estate, functional obsolescence (sometimes known as external obsolescence or other names), it is not that the property is...
Landlords renting out commercial properties either rent out an entire facility to a single tenant or may have multiple professionals and businesses occupying a space. Shared spaces can be very efficient because they do not require a bunch of redundant facilities....
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....
