Anne Mckechnie

Hi Gail,

SPDS as already indicated stands for Sellers Property Disclosure Statement and the CLUE for Claim Loss Underwriting Exchange.
In Arizona the CLUE became part of our contract a few years ago as a means for the buyer, during the inspection period, to elicit the cost of insurance of the home based on prior claims.
Before the CLUE was available, many people were through the 10 day inspection period, and then tried to obtain home owners insurance only to find that they were going to get charged a small fortune for Home Owners Insurance based on the prior claims history of the home. At this point, they were unable to cancel the Contract.
The one thing that I would also do is check with the State as they do have prior record of termite treatments on homes, as well as perform a home inspection, and mold, structural, if indicated by the inspector
An investor if they have a Note, may still have home owners insurance and may be able to provide a CLUE.
A bank will not provide one as they will have no record of insurance claims.
Most homes that do not have a SPDS or a CLUE are bank owned or investor owned homes that have not been lived in by the current seller.
If the home happens to be a newly built home from a Builder who is no longer in business, you can also check with the Registrar of Contractors to see if the Home builder had any complaints.
Finally as already mentioned you should make sure that you perform Home inspections as indicated by the Home Inspector.

Good Luck :)

Anne - Wed Jul 23 2008, 10:41

The only thing that seems to be a issue is that some of the short sales are giving a false impression of market value and many of them are not working out with the lender. There are lengthy continengies, buyers get frustrated waiting for the bank to respond, and the whole process starts again with a new buyer and offer. I agree the the foreclosures seem to be moving and clearing out of the market. - Tue Jul 22 2008, 05:49

Hi Gail,
We are in a buyers market in Tucson, and will probably be there for some more time. So anytime is a good time to buy if you see the right property, at the right price, in the right location.
However, interest rates will go up, so if you are waiting for pricing to go down more, then you may be surpised by raised interest rates by the end of the year.
FHA is available, and is about the get more attractive. Are you looking for any particular type of financing? program? - Mon Jul 21 2008, 19:00

HI Shannon,

77 is a busy highway and a well used access road to the city from Oro Valley, Catalina, and Oracle. Traffic also moves freely. Is there somehting specific that you were looking for in reference to the highway? - Mon Jul 21 2008, 07:54

Hi Mona, I would agree with Michael to aks the managing broker to be transfered to another agent in the office where your home is listed. However, if you choose to change to another Brokerage, then make sure that you are being competiive in the market place with your listing price and that your home is getting great internet traffic.
In this market sellers, have to be realistic with their asking price, think of your home as a commody and it will help you realistically price your home. We wish you good luck. Anne and Eddie - Mon Jul 21 2008, 07:50