by kramoltz@hotmail.com | Oct 19, 2018 | Home Ownership, The Attorney-Broker Advantage
Recently I read a letter from a Canadian that owns a home in Arizona about a construction defect. The letter was in a magazine catering to Snowbirds, and the writer was complaining because he had been told that due to Arizona’s real property tax classifications,...
by kramoltz@hotmail.com | Jul 20, 2018 | Home Buying, Home Ownership
Exclusivity and Costs. Easements typically grant exclusive use of the easement area to the recipient unless they provide that the easement is nonexclusive. Of course, shared driveways should always be granted on a nonexclusive basis, and so should utility and drainage...
by kramoltz@hotmail.com | Jun 13, 2018 | Home Ownership, Taxes
Owners tackling a remodeling project may want to consider how it could impact property taxes. Renovations could result in an increase in assessed value by the county assessor. Ordinarily in the Phoenix metro area any upward adjustment in assessed value would only...
by kramoltz@hotmail.com | Aug 31, 2017 | Arizona and Its Amenities, Real Estate Facts & Figures
Arizona ranked second behind Florida for drawing the most people over 60, according to personal finance firm Smartasset. It analyzed the latest Census data from 2015 and found Arizona grew by 27,576 retirees. It also attributed the state’s low property taxes to the...
by kramoltz@hotmail.com | May 24, 2017 | Home Buying, Mortgages + Lending
The monthly amount necessary to acquire/own a home should be no more than around 28-30% of gross income. Include in this payment the monthly anticipated loan principle and interest, homeowners insurance, real estate taxes and association fees. To calculate that amount...