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Phoenix : Real Estate Advice

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  • Local Info160
  • Home Buying938
  • Home Selling106
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Activity 2,371
Thu Oct 6, 2016
1951mlk1951 answered:
I live in Canada, purchased and sold many homes over the last 6 years in Arizona.
Never once a problem, had AAA Realtor from day ONE, which does also my property management.
More than recommend her , more than happy ..

Cathy @
Office: 480-892-4940 | Cell: 602-377-3125
Choice One Properties
3234 N. 88th Street
Mesa, AZ 85207

very flexible , easy going, I have nothing bad to say, every..

Marion
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0 votes 18 answers Share Flag
Tue Oct 4, 2016
Kristinmellian asked:
if they are in only one PLLC? FYI- They are an have been in involved in only one Real Estate PLLC to which the only members are herself and her husband. What is the difference? When she…
0 votes 0 Answers Share Flag
Thu Sep 29, 2016
Karen Peyton answered:
Since I'm not an attorney, here is my opinion...

If you in fact have a valid lease and are in full compliance and without breach, it is legally binding upon the parties, and passes without interruption, in its entirety to the new owner.

Again, since I'm not an attorney - here is a link to the Arizona Department of Housing where you will find some great information, phone numbers and the Arizona Residential Landlord & Tenant Act...:
https://housing.az.gov/general-public/arizona-residential-landlord-and-tenant-act

Finally...since I'm not an attorney - I suggest you speak with one if you have difficulty.

Best of luck!
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1 vote 1 answer Share Flag
Thu Sep 29, 2016
Karen Peyton answered:
The answer depends on the contract you signed.

If you have an agent who would have used the AAR Residential Resale Real Estate Purchase Contract rev. February 2016, the answer is on page 5, lines 200-201 unless they were specifically negated from your agreement.

If you don't have or didn't use an agent, you'll have to read your agreement thoroughly.

Best of luck!
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1 vote 1 answer Share Flag
Tue Sep 27, 2016
Neil Roxas answered:
Hello,

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0 votes 1 answer Share Flag
Sun Sep 25, 2016
Notthegirlnextdoor answered:
Those long term hotels do not credit check but they are pricey and dicey
0 votes 2 answers Share Flag
Sat Sep 24, 2016
Georgia_ferguson answered:
We are relocating to Phoenix Arizona in 1 1/2 years. We are a senior couple raising a teen with a cognitive disorder. We are seeing an area, low crime, close to school, pet friendly and near public transit. We both drive one of us is still working so public transportation is a must. We are more interested in renting either house or 2-3 bedroom apartment, not opposed to lease option to buy.
I have been on line looking but most rental advertisements show within a mile of a location crime stats and they appear to be high. Moderate income area in a neighborhood setting, selling my home to relocate and would like to be in a similar living environment.


We will be coming down in January to visit, familiarize ourselves with the general area and will make additional visits prior to relocating. Any information in aiding us in our move would be greatly appreciated.
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0 votes 33 answers Share Flag
Fri Sep 23, 2016
USMortgageRanger answered:
YOU WILL DO NO SUCH THING- Logic said if was that important in the first place he would have used it to disclose what was wrong with the property. Now the seller wants you to give up your rights saying you were told of possible issues that he had knowledge prior too.

Every buyer should receive a Seller’s Property Disclosure Statement (“SPDS”). The revised AAR Residential Resale Real Estate Purchase Contract form (the “Contract”) recognizes the importance of the SPDS and provides:
Seller Property Disclosure Statement (“SPDS”): Seller shall deliver the SPDS to the Buyer within five (5) days after acceptance of the Contract.
Thus, pursuant to the Contract, the seller is required to provide a SPDS in every transaction.

Some sellers are reluctant to provide a SPDS. However, where a seller of real property knows of facts
materially affecting the value of the property that are not readily observable and are not known to the buyer, the seller is under a duty to disclose those facts to the buyer. Hill v. Jones, 151 Ariz. 81, 725 P.2d 1115 (App. 1986). Additionally, pursuant to the Contract, the seller is obligated to disclose all known material latent defects that materially and adversely affect the consideration to be paid by the buyer. The SPDS will evidence the fact that the seller has made these required disclosures.

Sometimes a seller will initially refuse to complete a SPDS on the basis that the seller has never occupied the property, or perhaps has never even seen the property. However, if the seller owns the property, the seller should be able to answer most of the questions in the “Ownership and Property” section of the AAR SPDS. For example, even an institutional seller who has never seen the property can:


• disclose whether the property is located in an unincorporated are
• identify the legal owner of the property
• disclose whether the legal owner is a foreign person or non-resident alien pursuant to the Foreign
Investment in Real Property Tax Act
• indicate whether the property is in a community providing housing for older persons pursuant to the
fair housing laws
• indicate whether the property is owner occupied, lease, estate foreclosure, or vacant
• indicate whether the property is vacant, and for how long
• if the property is rented, and the expiration of the rental agreement, and disclose whether refundable
deposits or prepaid rents are being held
• disclose whether the owner has entered into any agreement to transfer an interest in the property in
any way
Additionally, most sellers know whether the property is in a homeowner’s association (“HOA”) and whether there are HOA fees (lines 12-15). Arizona law mandates seller disclosure of these and other HOA issues in HOAs with less than 50 units. The seller may also be aware of assessments, litigation, or liens affecting the property. Most of the questions on the SPDS ask only for information of which the seller is aware. GOOD LUCK
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0 votes 1 answer Share Flag
Wed Sep 21, 2016
Nancy Blinstrub answered:
In AZ, tile is the way to go. Laminate says low-end, in my opinion - those re-doing floors to get rid of nasty carpet and sell their house.
0 votes 16 answers Share Flag
Tue Sep 20, 2016
Israelr_57 answered:
The types of deals you are referring to are few and far between in today's market. Two years ago was the time to pick up these kinds of deals, they were everywhere. If you are looking to make 40-70% on a flip, you should probably avoid properties listed in MLS. Today, Fannie Mae is demanding 105% or higher of FMV on all short sales where they own the note, forcing buyers to pay 6 months of appreciation up front. REOs are also being priced high and in line with regular resales.

My suggestion to you would be to purchase properties at the Trustee's Sales or hook up with a local wholesaler who buys at the trustee's sale and then turns them around for a small profit. These properties are still sold well below FMV. Check out http://www.WeBuyHousesInArizona.com - good place to start.
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0 votes 10 answers Share Flag
Tue Sep 13, 2016
Karen Peyton answered:
Start by looking for recommendations from family, friends, co-workers, etc. You might also consider other sources such as Yelp, Angie's List, or a local hardware store to find local professionals. Of course you have to know what you want and who you need for job. Once you have names and "before" you schedule estimates, visit the Arizona Registrar of Contractors website to make sure the person/company is licensed, bonded, and in good standing.

The link for Contractor Inquiry is: http://www.azroc.gov/roc/contractorsearch.html

Good luck with your project!
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0 votes 1 answer Share Flag
Thu Sep 8, 2016
Karen Peyton answered:
If it's been a month, do not counter - begin again with a new offer.

$69,000 or a portion thereof is a huge difference between what you are willing to pay and the price they are asking. Of course it is Seller's choice to sell the home for "any" price they want. However, given the disparity in location of the comps, it may not appraise - which is especially important if you will obtain financing, and do not want to over-pay.

If this house is For-Sale-By-Owner, perhaps the Seller does not have a good grasp on value, or is lacking real motivation to sell.

If you are working solo, it could be the house is actually priced well and you don't have availability to "real" data.

In either event, there is a certain disconnect.

It may be best for you to move on in search of your new home, letting the Seller of your favorite know you would be interested to purchase at a specific price - but I wouldn't wait and don't think you should. It may take years for them to lower their price.

Best of luck!
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1 vote 2 answers Share Flag
Wed Sep 7, 2016
Mason Close asked:
I have been looking into obtaining my license and I was told that I would need to get either a sponsorship or a work visa to get my license in Arizona after doing the educational requirements.…
0 votes 0 Answers Share Flag
Tue Sep 6, 2016
Karen Peyton answered:
To get other calculations on a complete rebuild, call at least two other insurance companies.

Also, you can't use the purchase price for your calculation because it includes the value of the land - so if using - and you back it out - you may be at the dollar amount you see fit.

Yes, I have had this happen and trust me - your agent, like mine, will sell you any policy you want to buy. Get a good explanation of the policy in its entirety. Although it may seem your coverage is depleted, "layers" will kick in due to other provisions.

Good luck!
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1 vote 1 answer Share Flag
Thu Sep 1, 2016
Adehart asked:
I checked the FAQ and it says I should be able to verify that I am the owner of my home and then edit the listing. That option is not available. What am I doing wrong?
0 votes 0 Answers Share Flag
Wed Aug 31, 2016
Karenspetz1 answered:
If u are the seller of a house, in listing contract, you stipulate will sell house if seller finds house of their choice and seller doesn't by the time contract runs out are you liable for anything if in the mean time you sold your house.? ... more
0 votes 17 answers Share Flag
Mon Aug 29, 2016
Toss answered:
My landlord has been collecting rent for over 5 years and never paying the state the tax money for 6 rentals. He will not fix anything. People think it is easy to get up and move, it is not that easy. You have to save up the money to move and get another deposit money ready, cause you are not going to see you last deposit back. If he is cheating the state he will cheat you also. ... more
0 votes 9 answers Share Flag
Sat Aug 27, 2016
Mmartinez40 asked:
Thu Aug 25, 2016
Justin Unget asked:
My realtor posted our house to MLS and it is showing up on trulia but without our mls pictures!!
0 votes 0 Answers Share Flag
Thu Aug 25, 2016
Hardmoneymi answered:
You may want to offer a joint venture where the money investor buys the house in their name, you're responsible for the rehab work and you split the profit when sold. Make sure you involve an attorney to protect yourself. ... more
0 votes 2 answers Share Flag
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