Performing Your Due Diligence on Phoenix Waterfront Homes
You’ve found the perfect waterfront home in your favorite lake community. Your offer has been accepted and now the 10 day inspection period begins. There are resources to assist you. The Arizona Department of Real Estate has published the Buyer Advisory to help buyers understand the documents used during the transaction, help investigate the condition of the property, and assist in evaluating the area surrounding the property. Section 6 of the AAR Residential Resale Real Estate Contract instructs the buyer to conduct all physical, environmental, and any other inspections within the inspection period. This includes consulting government agencies, lenders, insurance agents, and others regarding zoning, fire, health and safety codes. The Department of Real Estate has created the Home Buyers’ Bill of Rights to help buyers be aware of material issues regarding the property. I also created a page on my website in order to educate buyers on the home buying process. Hiring a competent inspector is also a major part of the process. These activities are important but do not constitute a complete inspection.