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An escrow account is a designated savings account into which funds get deposited for a specific purpose. With respect to real estate and home loans, escrow accounts are used to pay real estate tax bills and homeowners insurance payments. Escrow accounts are managed and disbursed by lenders. When a homeowner “escrows” his mortgage, along with his scheduled monthly [...] Interesting study came out from the National Association of Realtors® that showed the benefits that buyers felt from using a Realtor®. The top 3 were: Helped them understand the process While selling real estate in Phoenix for a number of years now, the number 1 reason [...] What happens around close of escrow? In Arizona, our standard purchase contract says that a home buyer will sign their documents no later than 3 days prior to close of escrow. That means we need to sign papers several days before the agreed on closing date in the contract. Typically, we’ll walkthough the house a day or [...] I’ve worked with a number of Investors in the Phoenix Real Estate Market for a number of years. I can always tell those that know what they are doing versus those that are just getting into it. Those that have been doing it successfully for a while are talking specifics, price range, locations, rental rates. [...] In the Phoenix Real Estate market, just as any other market, if you don’t price the home correctly, all other marketing tactics will not change the outcome. If you need to sell quickly and you priced your come home correctly, what other things can be done? Well, the answer is still going to start with price. [...] |
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