What to Look For When Buying a Fixer Upper House? Buying a house with a little TLC might seem like a bargain, especially for buyer who love older houses — and love to work on them. The notion of buying a fixer-upper can be irresistible. Just think: You can get a good deal a rundown […]
Parties Involved in Real Estate Transaction in Arizona
Parties and Responsibilities Involved in Real Estate Transaction in Arizona Buying and selling a home in Phoenix may be the biggest business transaction in your life. Ever wonder how many people are involved in the buying and selling of a residential property? The typical sale of a home today involves more than 20 steps and […]
Common FHA Appraisal Repairs
Common FHA appraisal repairs when buying home with FHA loan When buying a home with FHA mortgage, the Federal Housing Administration (FHA) of the U.S. Department of Housing and Urban Development (HUD) requires that properties financed by the FHA meet its minimum standards of safety, security and soundness. Essentially, the home must be habitable, with […]
What’s Included When You Buy A House
First time home buyer: What’s Included When You Buy A House You have found your dream home and are prepared to make a purchase offer. Before you do, make sure you find out what stays with the house and what goes with the seller. Making the assumption that you get everything you see, especially staged […]
What is Title Insurance?
What is Title Insurance? What You Need to Know About Title Insurance Buying a home is probably the single biggest investment you will ever make. Before closing on the house, you’ll want to know that no other individual or entity has a right, lien or claim to the property. Determining that your rights and interests […]
What is an Appraisal when buying a house?
What is an Appraisal and what buyers need to know when buying a home? When you are buying a house in Arizona with a mortgage, your lender will be requesting an appraisal. A real estate appraiser’s only job is to give an unbiased OPINION of value of the subject property. The appraiser will use recent […]
What is HUD Homes?
A HUD home is a 1-to-4 unit residential property acquired by HUD (U.S Department of Housing and Urban Development) as a result of a foreclosure action on an FHA-insured mortgage. HUD becomes the property owner and offers it for sale to recover the loss on the foreclosure claim. Who Can Buy a HUD Home? Almost […]
What is Due Diligence when Buying a Home?
What is Due Diligence when Buying a Home in Phoenix Arizona? You and your Realtor work hard found your dream home. After back for forth of negotiations and counter offers, seller finally had accepted your offer. Now what, you may ask. Many first time home buyers have little idea of what they need to do […]
Buying REO Homes Phoenix AZ
First time home buyer: Buying REO Homes Phoenix AZ REO in short of Real Estate Owned is a term used to describe a property owned by a lender – typically by bank, government agency, or government loan insurer, after an unsuccessful sale at a foreclosure auction. In short, it is also known as Bank Owned […]
Making Offer When Buying a Home
Making Offer When Buying a Home in Arizona There are typically 8 steps to successfully buying a house. One of the most important aspects is making an offer. Once you’ve found the perfect house, the next step in the process – making an offer. In order to increase your chances at getting the house, however, […]
