Blog
Latest NewsN. Mark Kramoltz, JD, GRI, CIPS writes blog articles on the metro Phoenix, Arizona, national and global real estate markets. Written from his perspective as a designated broker and real estate attorney, his articles avoid the inaccuracies and vacuous industry propaganda common to most real estate writings. Due to his love of animals and military history, he also frequently writes about dogs, cats and horses that have played a role in military conflicts. Subscribe to his blog now!
Are You Subject to FIRPTA? Part 2.
When a foreign person sells U.S. real estate, 15% of the sale price will withheld. However, U.S. formed entities like limited liability companies are not themselves considered to be a foreign person so withholding would not apply (although their members may be...
What’s in a Preliminary Title Report?
Do you know what to look for in the title commitment/report you receive as a buyer of property? The title report may reveal negative matters that will hurt you if you close on the home. The Arizona contract gives the buyer the right to object to adverse title matters...
Liability Letters, Part 3.
The latest on “love letters” is that the Oregon law preventing a buyer agent from providing the seller or its agent with one has been blocked by the courts. The provision that “a seller’s agent shall reject any communication other than customary documents in a real...
Rip the Rescue Dog.
Not long after the onset of WWII the Germans began to bomb London. The English authorities found that locating civilian casualties in the rubble of destroyed homes was difficult. That is because there was no way to find them as were no search and rescue dogs - until...
Trends for Kitchen and Bath Faucets, Part 1.
Kitchen and bathroom faucets are one of the most common upgrades during a remodeling project. 81% of renovating homeowners upgrade their kitchen faucet, while 88% upgrade their bathroom faucet according to Houzz. Here are two trends in faucets: 1. Pull-Down Designs....
Arizona Best for Flood Zones.
Homeowners in governmentally specified flood zones are at a greater risk of damage from flooding. Flooding damage is not covered by homeowners' insurance policies. And if using a loan to buy, expensive mandatory flood insurance may be required by the lender. Arizona...