The Arizona Association of REALTORS® (AAR) Buyer Advisory is a great resource for home buyers to learn about a myriad of topics related to the purchase of residential real estate in Arizona. It is updated frequently, and just underwent an update last month. Whether you are buying a home for the first time or relocating from another state, this is an invaluable tool to assist you in Continue Reading
Sterling at Silverleaf: sales begin for 185-unit luxury condos | DC Ranch
Cypress Development Group, a Scottsdale-based company, is moving forward with the next and final phase of the Sterling at Silverleaf project in Silverleaf at DC Ranch. In addition to the 28 villas constructed since 2009, sales will get underway in November for the 5 building, 185-unit luxury condominium homes. Prices will start at $1.2 million. Cypress' CEO, Nathan Day and Continue Reading
When buying a home, take your 10-day inspection period seriously
When buying a home, a lot of home buyers think that the inspection period is just a routine step in the home purchase process. They fail to realize it's a critical part of the process, and should be taken very seriously. Did you know that you can inspect a home for just about anything you can think of during the inspection period? In fact, take a look at Continue Reading
What app should a buyer use when driving around looking at homes for sale?
With the advent of smart phones and a mobile app for just about every consumer need, the question pops up: "what is the best app to use while we are out driving around looking for homes for sale?" The answer might surprise you. A buyer can get caught up in the minutia of information using different apps and become overwhelmed rather quickly. One app will tell you the estimated market value is a Continue Reading
Show me the money: price, earnest money and prequalification
My favorite thing to do in my job as a Scottsdale real estate agent is to negotiate offers. When I’m representing the seller in the sale of a home, my job is to get them the highest possible price and the best possible terms. While there are a number of terms that are typically negotiated in the offer - closing dates, who will pay the HOA transfer fees, termite treatments, Continue Reading
The Country Club at DC Ranch member survey results: 92% satisfaction rate
The Country Club at DC Ranch members participated in a survey in July of this year, and the results showed that the club outpaced the industry average in overall member satisfaction. An impressive 92% of members said they are more than satisfied with the club, compared to 83% of members at 103 other country clubs that were polled. As Scottsdale realtors who specialize in DC Continue Reading
Title insurance protects your new home against past claims on the title
When you are purchasing a home, how do you know if there is a lien on the property? What can a home buyer do to be sure the property they are purchasing has "clear title" (no liens?) First of all - what is a real estate lien? A lien is an encumbrance on a property to secure a debt that the property owner owes to the person placing the lien. There are many types of liens - Continue Reading
Is a home buyer’s verbal offer to purchase real estate enforceable in Arizona?
Can you hold a buyer to a verbal offer they have made on your home? Probably not, since in Arizona, real estate contracts are only enforceable only when they are in alignment with the Statute of Frauds. What does the Statute of Frauds have to do with your real estate transaction? To have a legally binding and enforceable contract, everything! There are only two elements that are necessary Continue Reading
What happens when the home you’re buying doesn’t appraise for the sales price?
When purchasing a home in Arizona with a financing contingency (i.e. the buyer's offer is contingent upon successfully obtaining a loan), there is a built-in contingency in the Arizona Association of Realtors Residential Purchase Contract that the home must appraise for at least the sales price. We are often asked by our buyers during the negotiating process, "what do we do if the home Continue Reading
Camelot Homes new Villas at DC Ranch near Market Street coming in October
Camelot Homes expects to begin selling 15 new town homes in the existing Villas at Market Street neighborhood, starting around mid-October. Information on floor plans and the site plan are available, but pricing has not been set as of yet. The community of DC Ranch has been working diligently over the past few months to prepare the site for Camelot Homes. The Villas at Continue Reading
In a multiple offer situation, what can a buyer do to strengthen his offer?
While home buyers never want to be in a position where there are multiple offers on the home they want to purchase, it happens more often than you think. Apart from the obvious - increasing the offer price - here are a few things a buyer can do to set his offer apart from the others. Sizable earnest deposit The earnest money is an amount of money that the buyer Continue Reading
DC Ranch featured home for sale with 3 bedrooms, 3.5 bathrooms | Scottsdale
The Matheson Team has a new featured DC Ranch home for sale in the gated Montelena neighborhood in Desert Park Village in DC Ranch. This 3 bedroom, 3.5 bathroom home is within 7 minutes walking distance to both the DC Ranch Community Center with pool, gym, tennis and recreational activities as well as the Market Street shopping district. The home is located Continue Reading
15 new Market Street Villas by Camelot Homes coming soon to DC Ranch
If you're looking to purchase a brand new lock-and-leave type of home in the community of DC Ranch, literally steps from Market Street, you will want to check out the luxury townhomes that will be for sale shortly by Camelot Homes in the popular Market Street Villas gated neighborhood. According to Andy Andrews, Executive Director of the DC Ranch Association, the original Continue Reading
Review CLUE report and speak to your insurance agent when buying a home | Scottsdale
What is a CLUE report? Most home buyers have never even heard of a CLUE report until after making an offer on a home. The Comprehensive Loss Underwriting Exchange (“C.L.U.E.”) is a database that the insurance underwriters commonly use to track a seven year loss history for a given address, resulting in a C.L.U.E.® Home Seller Disclosure Report. In layman’s terms, it’s an invaluable Continue Reading
Buyer’s responsibility to verify square footage when buying a home | Scottsdale
As a Realtor, I am often asked by my buyers, "How is square footage determined and how can we be absolutely sure the house is as big as they say?" This a great question. The square footage advertised in the MLS (Multiple Listing Service) listing is derived from one of five possible sources-- the builder, owner, county assessor, appraiser or architect. There is no guarantee that the Continue Reading
Review Homeowners Association disclosures when buying a home | Arizona
Home buyers are often so focused on the condition of the home they are purchasing that they forget that the community information may be just as important. When buying a home in Arizona, all buyers should be sure to review the Homeowners' Association (HOA) disclosures as part of their due diligence. Remember - the best form of consumer protection is knowledge! Who is Continue Reading
Descriptions and photos of 5 architectural styles found in Scottsdale area homes
One of the first questions a Realtor will ask you when buying a home is: what architectural style are you interested in? Here are 5 common home styles in the Scottsdale area, and photo examples of each. As full service Realtors serving the Scottsdale area, we are very knowledgeable about which home styles are available in Scottsdale's various communities. If any of these styles Continue Reading
Buyers should consider other inspections in addition to general home inspection
During the home buying process, once you have a home under contract, your Realtor will recommend that you hire a general home inspector to inspect your home. You may also want to consider a few other specific inspections: a roof inspection, HVAC inspection, pool inspection and glass inspection. Having a general home inspection performed when buying a home is a Continue Reading
5 steps to finding the neighborhood and home of your dreams in Scottsdale
Neighborhoods are like children in the same family; all have the same last name ("neighborhood"), yet different personalities. So, how do you find the personality fitting you and your family's lifestyle? Finding the neighborhood and home of your dreams in Scottsdale is easy and fun if you follow these 5 steps. STEP 1: Make a Profile of Your Perfect Continue Reading
Zillow is deceiving: Work with a Realtor to get accurate story on homes for sale
Buyers, are you using Zillow to search for a home? Please be aware that you are not getting an accurate representation of available properties due to a technical difference between how statuses are coded in the Multiple Listing Service and how statuses are coded in Zillow. ARMLS uses the status “Active" to represent homes that are available for sale. ARMLS requires that once a Continue Reading
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