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A short sale happens when a home is sold for less than the balance still owed on the mortgage. This can be a lengthy process, as it may take time to get approval from the lender. Typically, lenders would prefer the house to sell for more so that the owner can pay off...
As a commercial building owner, you have control over who you rent operating space to. The terms of your lease dictate the rights and responsibilities of both the lessor and the lessee in these situations. So, how should commercial landlords respond to lessees’...
Whether you are going through a commercial or residential real estate transaction, it can be complex. In some cases, it can be very helpful to have experienced counsel, such as a real estate attorney. First and foremost, it helps to know that you have a lawyer who is...
Renting commercial space is often a startup decision. Entrepreneurs may not have the resources necessary to qualify for a loan. They may also want flexibility in case the company grows rapidly, struggles initially or eventually changes function. A commercial lease can...
Buying or selling a home in Tucson comes with many moving parts. One key step is the appraisal, which tells lenders and buyers the estimated market value of the property. If your appraisal comes in low, it can be stressful but it does not have to derail your...
Not all commercial real estate is the same. Local authorities maintain a variety of zoning options for commercial properties. Some facilities are mixed-use, while others are solely for industrial or retail purposes. Those intending to acquire commercial real estate...
Realtors and sellers must follow strict laws regarding certain disclosures about the properties they have on the market. In many cases, the laws vary by state. Such is the case for disclosing deaths that occurred on the property in the past. So, what does Arizona law...
Real estate is an excellent investment, especially in Tucson and the surrounding area. It’s a great way to diversify your portfolio and build generational wealth. If you already own or plan to buy investment property, you are likely a strategic thinker. But here’s an...
Buying a property is a major financial investment for most individuals. Some people may not realize that the estate classification of that real property can have an impact on what happens to the property in the future. For those who are purchasing the property with...
Business leaders look for facilities based on amenities and location, as well as price. In addition to the rent that they pay, commercial tenants often need to cover maintenance expenses. They either do so directly by taking responsibility to maintain the space or...
