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
Understanding Buyer Closing Costs One of the least understood costs that a buyer will encounter when purchasing a house are buyer closing costs. In part, this is because buyer closing costs come from different sources. There are lender fees, prorations for taxes and home owner’s insurance as well as funding the escrow account, title and
What are CC&R’s for a home owner’s association Chances are if you are a homeowner in the Phoenix area, you’ll become familiar with HOA’s because the majority of homes are part of a HOA. The rules that home owners agree to abide by are called Covenants, Conditions and Restrictions (CC&R’s). These restrictions regulate various aspects
Most Common Mistakes Buyers Make In order to make your home buying experience as successful as possible it is critical to avoid costly home buying mistakes. This is especially true since buying a home will be the most expensive purchase a buyer will make in their lifetime. Keeping these potential mistakes in mind will benefit
Why is a Cash Offer Better? Have you heard the investors give you their pitch that they’ll give you an “all cash offer”? And then you wait for the other shoe to drop and find out how much below market value the “all cash offer” will be. What is it about a cash offer that
A/C Refrigerant Transition is Continuing Air conditioning systems are continuing to transition to more environmentally friendly refrigerants, phasing out R-22 commonly known as Freon. Since January 1, 2010 any newly installed A/C systems had to use refrigerants such as R-410A, likely known by the brand name, Puron. Another benchmark change is coming up in the
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