Understanding Contingencies in the Arizona Real Estate Contract

AAR Residential Real Estate Contract Contingencies

When the contract has been signed by both the buyer and seller, it’s a done and the buyer must cannot back out, correct? Not so fast! There are events in the contract that must be fulfilled and also give the buyer the opportunity to cancel the contract and receive a refund of their earnest money. The to find out more about these “contingencies”, continue reading.

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Are you paying too much in Maricopa property taxes?

Owner Occupied Residences Pay Less in Maricopa Property Taxes

Many Maricopa county residents don’t realize that they will receive a tax break when their property is owner occupied. The other classifications are residential rental and non-primary.  When you receive your Notice of Value and notice the property classification is wrong, what’s the next step? The erroneous classification could be costing you up to $600/year.

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The Islands Waterfront Community in Gilbert

Gilbert Waterfront homes at The Islands

Gilbert is home to many popular lake communities which includes The Islands, over 1 square mile, and 80 acres of water among 3 separate lakes.  With over 400 waterfront homes built ranging from townhouses to custom homes, you have a variety of waterfront property choices.  And if boating is important, The Islands should be at the top of your list. To give you a quick peek at The Islands lake community, check out the video below:

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Market Update for 2018

2018 Real Estate Market Update 

We’re almost at the end of 2018, so it would be appropriate to look back and see how the 2018 real estate market performed.   If graphs and numbers are not your thing, this might be a little boring, but how else do you track prices and trends?

Review of 2018 and where we may go in 2019:

I look forward to your comments and questions.  We’ll look back in a year and see how 2019 unfolded!

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Buyers Be Aware!

Best residential boating lakes in Phoenix

Boating on Phoenix Residential Lakes

A common question I receive about waterfront property is,”Can I boat on the lake?”   Many waterfront owners want to use a pontoon boat or a kayak and enjoy boating from a dock in their backyard in the desert!  Some may not. A previous post discussed how to determine if a lake allows boating.  Now let’s take it a step further and  list the best residential lakes in Phoenix for boating.

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Stonebridge Lakes – Gilbert lake community with community pools

Gilbert Waterfront Homes in Stonebridge Lakes Estates and Manor

created by dji camera

Next to the heart of Gilbert is Stonebridge Lakes with over 110 waterfront homes in a community with 2 community pool that features distinctive UDC floor plans, built in the early 1990’s.  Stonebridge Lakes is divided into two communities, the Estates and the Manor with the differences being the size of homes and lot sizes.  Waterfront lots in each section allow boating on the lake.       

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Tubing Anyone? – Try the Salt River

What is there to do on a hot summer day?
When it’s 110 degrees in the summer what else can you do besides jumping in the pool again? With some embarrassment we decided to try tubing down the Salt River after having lived here for more than two decades. Isn’t that the way it goes, you don’t take advantage of the cool things that are in your own backyard.    I fell into that category recently.   I  had never gone tubing down the Salt River, so when one of our sons who grew up here came to visit we decided we might as well give it a try.

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Buyers be aware!

How private is your showing?

Technology is constantly changing our lives and we all enjoy the time saving apps and devices that accompany these advances. And what could be more reassuring to our sense of safety than state of the art door bells, wireless devices, and indoor/outdoor security cameras.  However, these technological gadgets should give buyers pause as the visit houses to find the home of their dreams.   How private are the showings when you visit a house?  The reality is the seller(s) may be using them to observe the buyers as they tour their house, and they are probably listening to the conversations.

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Phoenix – Where does your water come from?

Central Arizona Project (CAP) – A long time coming and coming a long way!

The history of Arizona’s most precious resource, water is fascinating. For example, after forming the Colorado River Compact, Arizona held out for 22 years from 1922 to 1944, in a dispute for it’s portion of the 7.5 million acre feet to be divided between Arizona, California and Nevada (the Lower Basin states).  It took another 22 years to lobby congress to approve the Central Arizona Project(CAP), and 20 years to complete the construction of the canal which runs 336 miles from Lake Havasu to Phoenix and down to Tucson. It was declared substantially complete in 1993, over 70 years in the making at a cost of almost $4 billion.

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