by kramoltz@hotmail.com | Nov 4, 2016 | Home Buying
Approximately 17% of newly constructed homes in the Phoenix metro area are selling at or below $230,000. But despite the drop-off in the number of budget buys compared to the boom years, there are still affordable brand new homes. There are around 33 subdivisions...
by kramoltz@hotmail.com | Nov 2, 2016 | Global Buyers + Foreign Investment, Home Buying
When purchasing property in the U.S. and Canada, buyers (and lenders) require title insurance. It is equally important when you purchase property in Mexico. The Living Trust format used to acquire Mexican coastal property (a Fideicomiso) does not take the place of or...
by kramoltz@hotmail.com | Oct 19, 2016 | Home Buying, Mortgages + Lending, Selling Your Home
Loan Related. Like many pre-paids, these are the sums paid to the buyer’s lender or as a result of the lender’s requirements. Examples include a credit report fee, flood certificate fee, and a tax service fee. Fees payable directly to the lender, such as discount and...
by kramoltz@hotmail.com | Oct 17, 2016 | Home Buying, Mortgages + Lending
A recent NAR survey of more than 2,700 Americans showed that more than 80% of consumers across all ages, income brackets, and education levels believed a down payment of 10% percent or more was required to purchase a home. However, the average median down payment for...
by kramoltz@hotmail.com | Oct 12, 2016 | Home Buying, Selling Your Home
An ongoing issue in home sales is the evaluation of solar panels. Systems can be owned or leased. When a system is leased, the homeowner doesn’t own the system. Leased items typically don’t add much value, and in some cases can be legitimately excluded from...
by kramoltz@hotmail.com | Oct 5, 2016 | Home Buying, Selling Your Home
The city and the Federal Emergency Management Agency (FEMA) have reconsidered a designated flood plain area east of Scottsdale Road, from roughly Deer Valley to Happy Valley. Better flood modeling techniques and improvements in infrastructure led to FEMA dropping the...
