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During tough times we try to save every dollar we can and try to remove every unnecessary expense possible. So when it comes time to sell the house we see how much we spend on agents commission and think we can save that money. But there is a false economy, especially in a weak real estate [...] In our current market, there are a lot of distressed homes in Phoenix that require an As Is Addendum to all offers. Many searching for Real Estate will question what does it mean? In short, it gives notice that the seller does not intend on doing any repairs that the buyer may ask for. And [...] 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 [...] |
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