Recent Posts: Home Buying

Post Image

Can a Buyer Assign its Rights?

What if you sign a contract to buy a home but then don’t want to, or can’t, close? Can you designate someone to take over the sale for you? Under ordinary principles of contract law, every contract is assignable unless prohibited, so you should be able to. Some contracts will allow assignment but seller approval […]

Area: sqft Bed Room:  Price: 
City:  Location: 
Post Image

Preparing For Your Move, Part 2.

Get an On-Site Estimate. The cost of a move is primarily determined by three factors: distance, weight, and extra services rendered. To get an accurate number, The Move Advocate strongly urges transferees to obtain an on-site survey. Having the mover come to your home will result in a more accurate estimate of the amount and […]

Area: sqft Bed Room:  Price: 
City:  Location: 
Post Image

Don’t Forget New Homes.

RL Brown Housing Reports has calculated the average new home closing price in January at $407,736. That means new home prices in the Phoenix metro area have rose only by an average of $5,000 over the last 12 months – while resale homes have increased around $30,000 during that time. This makes new homes a […]

Area: sqft Bed Room:  Price: 
City:  Location: 
Post Image

There’s More than the Contract, Part 3.

As well as competent preparation of the contract and supervision of the escrow, buyers and sellers need guidance. What is essential is knowledge of all of the options, so clients can make informed, reasonable business decisions. In other words, the client has many choices, so the most important job of a licensee is to educate […]

Area: sqft Bed Room:  Price: 
City:  Location: 
Post Image

There’s More Than a Contract Involved in a Sale, Part 2.

The work required in the purchase of a home involves much more than getting a signed contract. There are potentially several disclosure issues and documents that must or should be supplied by a seller. So what’s included and excluded can be vital. There are also the all important post-contract and escrow issues. Who is going […]

Area: sqft Bed Room:  Price: 
City:  Location: 
Post Image

Why Buy a Home Now?

First of all, interest rates are expected to continue to rise. Plus inflation may also come back long term. And more unfavorable laws that reduce the advantages of buying could be enacted (minor tax law changes already came into effect 1/1/18). If so, buying a home and financing it with low rates allows you to […]

Area: sqft Bed Room:  Price: 
City:  Location: 
Post Image

Reject dual agency.

Single agent dual agency allows one agent to represent both the buyer and seller at the same time. That means the agent is not required to put your interests first. So dual agency is dangerous for you, as it shortchanges both buyer and seller. But its good for agents, as it allows them to collect […]

Area: sqft Bed Room:  Price: 
City:  Location: 
Post Image

Why Do You Need Title Insurance? Part 2.

Did you know that when buying a home the title report is an important part of your due diligence? The report shows what matters affect the title of the home and what will be excluded from coverage. Some of those matters may be negative and hurt you – if so you will want to cancel […]

Area: sqft Bed Room:  Price: 
City:  Location: 
Post Image

There’s More to Preparing a Contract than Filling in the Blanks.

Arizona’s residential purchase contract form is a minimum of 9 pages. There are a multitude of blanks that must be filled in to complete it. Generally there are 3 separate parts to the contract: price, terms and conditions. The gross purchase price occupies just one line of the 473 lines in the contract. So offers […]

Area: sqft Bed Room:  Price: 
City:  Location: 
Post Image

Solar Panels, Part 2 – Lease Transaction Traps.

Leased solar panels interfere with and sometimes prevent sales and closings. Buyers that sign a contract to buy a home with leased panels will need to qualify to take over the lease. If the solar company decides the buyer doesn’t qualify, unless the seller buys out the lease, the deal is dead. Plus the lease […]

Area: sqft Bed Room:  Price: 
City:  Location: 
Post Image

Don’t Under-Budget your Custom Home.

Its said that over 50% of custom builds never get off the ground. The number one reason is that many people do not prepare a realistic, comprehensive budget. To avoid disappointments, early consultation with an experienced builder is essential. A competent builder is a valuable partner in avoiding pitfalls and offering plan alternatives that will […]

Area: sqft Bed Room:  Price: 
City:  Location: 
Post Image

Solar Panels, Part 1 – Lease Transaction Traps.

You have solar panels on your home and you decide to move. You assume that the presence of solar panels will be a marketing plus, maybe even get you a higher price. That should be case, but when the panels are leased, it might not. Some buyers will balk when they learn that they’ll need […]

Area: sqft Bed Room:  Price: 
City:  Location: 
Post Image

Why New Homes Are Expensive.

New-home prices have risen higher than anticipated when comparing those built in 1970 to homes built today with similar characteristics. According to an analysis by economist Tom Lawler, new homes are selling for an average of more than double what they sold for in 1970, after adjusting for inflation. New-home prices should be up only […]

Area: sqft Bed Room:  Price: 
City:  Location: 
Post Image

5 Ways to Save for a Downpayment.

Saving up enough money for a down payment can be tough. The best way is to segregate funds dedicated to that purpose on a regular basis through a separate account – like a savings account. Then try these methods: 1. Set up automatic transfers from your checking account to your savings account on a monthly […]

Area: sqft Bed Room:  Price: 
City:  Location: 
Post Image

Horrifying Home Stories for Halloween.

A real estate photographer was taking photos of an old home with the agent present. Afterwards he looked at one of the photos taken in a room with a mirror when the agent was standing behind him. But in the reflection from the mirror, instead of showing the agent, the picture had an old man […]

Area: sqft Bed Room:  Price: 
City:  Location: