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!
Don’t Make These Seller Mistakes.
Being Unrealistic about Value.Sellers overprice their homes 8% on average, This is due to the "endowment effect" - placing a value on things you own that is too high for the marketplace. See my blog Don't be a Victim of the Endowment Effect,...
Property Investment Basics, Part 3.
Capitalization. When evaluating the worth of an income property based on the value of the income produced, a capitalization rate is applied to the net income. A “Cap” rate is determined by a study of various economic factors, including the returns on other...
Get A Free Down Payment.
There is free money available for certain Arizona home buyers! Millions of dollars are allocated to down-payment assistance to qualifying homebuyers who intend to occupy the home. The AzHFA Home Plus program provides a down payment assistance grant equal to a...
The Dog Who Could Fly.
Antis is the only dog who officially was allowed to fly with his master in World War II. He was found as a just weaned German Shepherd puppy in no-mans land in France in 1940, after his future master crashed landed near the locked home he had been abandoned in. From...
What is an Incurable Defect?
An unfavorable property characteristic that can’t be fixed, such as a location on a busy street, is known as an incurable defect. This requires the value to be adjusted downward from that of a comparable home to reflect the “defect”. What does this mean to a buyer?...
Don’t Overpay for Title Insurance, Part 2.
Refinancing and Resale Rates. When refinancing your existing mortgage or selling your home, you may be entitled to a title insurance and escrow fee discount. The applicable discount when refinancing is called a "reissue rate." A reissue is an extension of a current...