flagstaff: IS A TOWNHOUSE OR CONDO THE RIGHT HOME FOR YOU?
- 08/17/09 10:13 AM
If you have followed the local real estate market the past year you know that townhomes and condominiums have become popular with home buyers. Town homes are more affordable than single family homes, making them more attractive to first time home buyers. Town homes and condos are gaining appeal not only for primary homeowners but also for second home buyers who are looking for a weekend get-a-way to Flagstaff as well as for parents looking for a place that their kids can live in while they attend NAU. In many cases a town home or condo may be a better investment … (3 comments)
flagstaff: Insurance loss history in a real estate transaction
- 12/23/08 08:38 AM
As buyers become more fickle and remain in the driver's seat when it comes to a real estate transaction, sellers must be aware of potential pitfalls when they receive and accept an offer to purchase. An issue that can affect a transaction is any previous insurance losses a seller may have incurred with regard to the property being sold. To prepare for an inquiry about loss history on the home you are selling you should obtain a loss history report from your insurance agent or a Comprehensive Loss Underwriting Exchange report (CLUE). The Comprehensive Loss Underwriting Exchange is a national insurance … (0 comments)
flagstaff: Negotiating in a Buyers Market
- 08/14/08 07:11 AM
As we look at events of the past year in the real estate industry it has become apparent that we are now in a buyers market. Sellers who receive an offer to purchase are often dismayed at the low price buyers are bringing to the table. While both parties to a transaction want the best deal they can get it always comes down to negotiation. Here are a few thoughts which may help your ability to work with the folks on the other side of the transaction. Negotiating a purchase agreement is perhaps the most stressful aspect of a real estate … (0 comments)
flagstaff: Pricing your Home to sell in today’s Real Estate Market
- 04/05/08 02:36 AM
Gone are the days when sellers were in the driver's seat of the real estate market. Today buyers are flexing their muscle, and most are not ashamed to make low offers. To counter an unrealistically low offer and defend your asking price, here are some things that you can do. Price realistically: We all want to get as much money as we can from the sale of our home. However with unrealistic expectations your home will languish on the market for a long time. Ask your real estate agent for an updated comparative market analysis (CMA) at the end of each month. … (0 comments)
flagstaff: Homeowners Associations; what you should know before you buy
- 03/03/08 06:12 AM
As a result of the slowdown in the housing market and the mortgage problems facing many home owners, I feel that the timing is right to educate buyers about what to look for when purchasing a home in a subdivision that has an active Home Owners Association (HOA). Although the majority of associations are financially sound, problems could arise if the developer of the subdivision who started the HOA closes shop before turning the HOA over to its residents. Most associations have been around for some time so it is doubtful that they will run into financial problems. If you are preparing … (0 comments)
flagstaff: The value of curb appeal in a buyers market
- 06/03/07 12:49 PM
Curb appeal is a common term used in real estate marketing. It is defined as "everything prospective buyers can see from the street that might make them want to take a closer look at a house for sale". In the current real estate market here in Northern Arizona sellers need every competitive edge that they can find. If you have your home for sale or are contemplating putting it on the market take stock of how it looks both inside and out. When potential buyers come knocking; how your house looks in comparison to the one down the street can make … (12 comments)
If you have followed the local real estate market the past year you know that townhomes and condominiums have become popular with home buyers. Town homes are more affordable than single family homes, making them more attractive to first time home buyers. Town homes and condos are gaining appeal not only for primary homeowners but also for second home buyers who are looking for a weekend get-a-way to Flagstaff as well as for parents looking for a place that their kids can live in while they attend NAU. ;)
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