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.
Landlord Maintenance Tips.
If you are a landlord, there are some maintenance tasks your tenants should be doing. For example, replacing the air filters for the HVAC unit. Or making sure the batteries are functioning in the smoke detectors. These are simple yet important functions most landlords...
85016 Market Snapshot.
The SimplySOLD™ office is located in Phoenix’s 85016 zip code, an area we have a lot of experience in. According to housing data provided by HouseCanary, in 85016 there were 162 total listings on the market last month - compared to 152 total listings last year...
Decoding Sale and Loan Docs, Part 5.
In What's in a Preliminary Title Report? I told you about the importance of the preliminary title report/title commitment. The commitment is an important buyer “Transactional” category document (see Part 1's description of the four categories), because it is the...
Strong Global Interest Continues.
The National Association of REALTORS has released a report that shows strong foreign interest in U.S. commercial real estate in 2016. According to the report, one-fifth of commercial REALTORS® closed a cross-border commercial real estate transaction with an...
Get Less with Dual Agency.
Cana dual agent (works for both the buyer and seller) point out to the buyer he or she supposedly represents a negative characteristic of the listed property? For example, that the seller told the agent the AC is old and inefficient which results in high utility...
The Global Cities Initiative.
Phoenix is one of 28 U.S. cities selected for the Brookings Institution/JP Morgan Global Cities Initiative and its Exchange - a network of metro areas developing regional strategies to boost global trade and investment. It involves the creation of an integrated export...
Decoding Sale and Loan Docs, Part 4.
A major priority should be checking the documents to make sure you are getting the deal promised to you. To do that, you need to review those that contain the loan related figures and closing charges. These are found in the Good Faith Estimate (from your lender), the...
Where the Foreign Students Are.
Foreign students (or their parents) constitute a significant amount of the global buyers of Arizona homes, and over 22,000 are attending higher education institutions here. About 12,800 are attending Arizona State, 5,000 at the University of Arizona, and 1,300 at...
Can a Lender Sue You?
Arizona's anti-deficiency statutes protect borrowers from being sued for a deficiency after a foreclosure of a loan used to purchase a home. Exceptions include where the property is more than 2.5 acres, or if it there are three or more units (such as a triplex). And...