Tag Archives: home buying tips

Foreign Investors Beware – FIRPTA

W-7 Form

If you are a foreign person or non-resident alien purchasing or selling real estate in Arizona you need to be aware of the section of the residential purchase contract that explains your potential tax obligations. Continue reading…

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New Changes to Mortgage Loan Disclosures

BBTatHSLogo

Ask us anything regarding buying and selling a home in Arizona and we can help you. Ask us about the new laws regarding the Dodd-Frank TILA-RESPA Integrated Disclosure Rule and we turn to Matt Baker, Loan Officer extraordinaire with HomeStreet Home Loans. Below are the comments from Mr. Baker regarding the changes that will go into effect on August 1st, 2015. Continue reading…

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Who Can Sign to Buy a Home?

signing deed

The manner in which real property is titled can be critical to keeping title clear of “clouds” or flaws. In order to have a properly titled and insurable deed to your property it must be executed by the party who has the actual legal authority, under the laws of the State, to convey the title. Additionally, all parties with any interest in the property must be accounted for. While each situation can be different, the following may be used as a guide. Continue reading…

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Is There a Difference Between a Real Estate Agent and a REALTOR?

photo for ethics blog

Did you know that there’s a difference between a real estate agent and a REALTOR? Most people we speak with don’t. It might sound like a distinction without a difference, but it’s not. The difference is important because who you work with matters. You want the real estate professional you’re working with to adhere to a code of ethics. And that is exactly what all REALTORS agree to do. Continue reading…

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Finding A Forever Home

projectIcon

Alright. We admit it. We’re dog lovers. And we were so happy when we saw the latest Coldwell Banker commercial during the 2015 Academy Awards. If you missed the commercial you have to see it. You will fall in love with the dog actors, but more than that you will get to see all the wonderful things Coldwell Banker is doing to help homeless dogs. For over 100 years Coldwell Banker has helped people find a home, and now their mission has been extended to man’s (and woman’s) best friend. Coldwell Banker has “teamed up with Adopt-a-Pet.com, North America’s largest non-profit pet adoption website, to help adoptable dogs find a loving home.” Continue reading…

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What is Escrow?

Title company

We get asked on an almost daily basis, “What is escrow”? This is a great question, and for most people this question is as mysterious as “Is there alien life on other planets?” or “Why is the sky blue?” Merriam-Webster Dictionary defines an escrow as “a deed, a bond, money, or a piece of property held in trust by a third party to be turned over to the grantee only upon fulfillment of a condition.” This is a great definition of what an escrow is, but when you’re buying or selling a home, a title company does so much more. Below is a description of the many roles a title company plays in the process of transferring real estate from one party to another. Continue reading…

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FHA Lowering Mortgage Insurance

FHA Lowering Mortgage Insurance

Lots of people have been asking me about the FHA (Federal Housing Administration) lowering the Mortgage Insurance Premium (MIP), and with good reason. Continue reading…

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The Most Overlooked Symptoms of a Bad Roof

How to Know If Your Roof Needs Replaced

Ironically, few things are as overlooked as roofs in real estate. It’s ironic because your roof is precisely the thing that will protect your cherry wood cabinets, your valuables, and your wallet from substantial damage. Continue reading…

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