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!
What Lenders Look For.
Many buyers only focus on their credit rating when they are ready to buy a home. But when deciding whether to grant you a loan, lenders evaluate four things to make sure you can make the loan payments: Capacity - your current and future ability to pay back the loan,...
Build Wealth Thorough Home Ownership.
The net worth of a homeowner is on average over 44 times greater than that of a renter. One way to look at it is that home ownership works as a form of forced savings. Every time home owners pay their mortgage, they are contributing to their net worth by increasing...
Rags to Riches – A WWI Dog Story.
In a blackout darkened alley of Paris in 1917, an American soldier stumbled over what he thought was a pile of rags. It turned out to be a scruffy terrier, who decided to not to leave the soldier’s side, even when he went to the front. “Rags” assisted the soldier in...
10 Musts when Hiring a Contractor, Part 1.
1. Verify the Contractor is Licensed. Verify the contractor is licensed and has the correct license for your specific project by going to www.azroc.gov, and check to see if the contractor is in good standing and has any past complaints. 2. Three Bids. Ensure you don't...
How Title Insurance Works.
Title insurance is unique. Unlike other insurance options that require monthly premiums, title insurance is charged as a one-time fee. It is paid by the buyer at closing, and is approximately equal to .5% of the purchase price. Basically it protects you and your...
Insurance Coverage for Remodels, Part 1.
Are You Insured? Protect yourself during your next major remodel: 1. Make sure the contractor has insurance for not only injuries and property damage, but also negligent workmanship and injuries sustained on the job. Check also for workers' compensation and liability...