Blog
N. 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. He also blogs about animals (mostly dogs in the military) due to his love of pets and military history.
Jeep the Coyote.
During the World War II pilot training of John "Wild Bill" Crump at Harding Field, Nebraska he found a 2-week old coyote pup which he named "Jeep". Soon the pair became inseparable (in case you are wondering, Coyotes can occasionally be domesticated). When the time...
To Avoid Disasters, Choose Arizona.
According to Zillow, large amounts of buyers consider the risks of flooding (55%), tornadoes (41%), hurricanes (35%) and earthquakes (29%) when choosing a home. These events are believed by some to be getting worse due to climate change, and Zillow found that...
They’re Moving to Phoenix, Part 3.
It has been a while since I detailed who are flocking to the Valley of the Sun. The latest U.S. Census shows that by far the most movers to the Phoenix area are from Los Angeles, Long Beach and Anaheim. Tucson came in number two. Those from Asian countries were the...
Home or Health?
We know that people value their home, but do they value it as much as their health? In a recent study 96% of homeowners said a favorable housing situation was an important contributor to their happiness. The overall health of their family was only slightly higher in...
Trends for Kitchen and Bath Faucets, Part 2.
Two more trends: 3. Commercial Style. This style of faucet, often seen in restaurant kitchens, have a heavy-duty commercial look. Often they have a spring over the pull down hose. Usually this style is used as a pot filler over a stove. 4. Touch and Touchless. Tech...
Doc the Sunshine Dog.
One of the most important roles for dogs in wartime was to enhance moral. Soldiers missed their own pets and were eager for a distraction - specially a furry one. These dogs were not officially sanctioned or trained but were adopted by various units for their...
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...