Remove Private Mortgage Insurance As Soon As Possible Private Mortgage Insurance (PMI) is required on a conventional loan when the down payment is less than 20% It will be removed once the equity on the home reaches 22% based on the original value. However, there are different ways to eliminate PMI sooner rather than waiting
The Town of Gilbert is worth considering Gilbert is a 69 square mile town in the southeast valley in Phoenix. Gilbert is consistently a top rated town in various polls that cover the best places to live, community safety and outdoor living. With the fast paced growth, it has a more updated and modern feel,
Things to Know When Moving to Phoenix Arizona Arizona consistently ranks high for states that receive many new residents relocating from other states. I relocated almost 25 years ago and suddenly finding myself in one of the largest metropolitan cities in the US, There was a lot to get use to. Here are some things
Protect Your Earnest Money Why is earnest money necessary for a real estate transaction? It is a deposit given to the title or escrow company indicating that the buyers are serious and have skin in the game. It also gives assurance to the sellers since upon a breach of it will most likely be given
Housing Market Review and Predictions We are now entering the post pandemic real estate market and there is a mountain of speculation what it will look like. The word “crash” is used frequently as well as “bubble”. As the economy returns to as normal as it can under the current economic and government policy, buyers
Waiving The Appraisal to Compete with Cash Offers In this seller favored market, buyers requiring a loan are looking for ways to compete with cash offers which have two distinct advantages. One is there is no unfulfilled loan contingency and the second is there is nno appraisal contingency. In an attempt to remove concerns over
Pre Possession Agreement – Early Move-in A written agreement to move into a house prior to the close of escrow can be know as a pre possession agreement, pre-closing occupancy or early move in agreement. Regardless of the name, this addendum allows the buyer to move in prior to the buyer owning the home. This
Arizona post possession agreements are no big deal, right? What is the solution when a seller needs an extra week to move out, or needs the funds from the sale of the home in which they’re living to purchase their next home? What’s the problem with staying in the house they just sold for another
Pedestrian Friendly Lago Estancia Lake Community in Gilbert One of the smaller lake communities in Gilbert is Lago Estancia with just under 100 waterview lots. A distinguishing character of Lago Estancia is the walking paths and bridges that allow residents to enjoy waterfront walks around the lakes. Lago Estancia is located near downtown Gilbert that
2020 Phoenix Real Estate Market Review & 2021 Forecast On to another year that will see a change for the better in regards to COVID19! With herd immunity and vaccinations rolling out, there is reason for optimism. How did the Phoenix real estate market fare in 2020? And what can we expect for 2021 with
