Prescott AZ Real Estate

The Arizona residential Contract has been revised. Lenders are being put on the hot seat. They must now supply the buyer's agent with a Pre-Qualification form competed and signed. The form details  where the buyer stands in the process of the loan. It replaces the old Loan Status Report. It also ...

Lending Rules BIG Change In Arizona Loans are getting very difficult to obtain. They also require much more time and documentation before the loan is approved and funded. On March 1, 2011 the Arizona Residential Purchase Contract was revised for all Realtors to use. There any many changes but the...

Investing and Your IRA  The government allows us to put money aside for old age in Investment Retirement Accounts. Did you know you can do more than keep it in a mutual fund, bank account, or in individual stocks? Most people think that those are the only investment vehicles allowed. Not so. The ...

Buyer Default of a Purchase Contract's Seller Carryback Financing             When a buyer has purchased property using financing, the lender has the buyer sign a Deed of Trust and Promissory Note to secure the property and guarantee the note payments. This is true of most financing arrangements ...

We are likely to see a revival of remodeling nation wide. As homeowners see that they are upside down and locked into their current home for a long time, they will turn to remodeling their home to fit their lifestyle changes. They may not be able to sell and buy to meet their needs. They will nee...

Investing and Your IRA The government allows us to put money aside for old age in Investment Retirement Accounts. Did you know you can do more than keep it in a mutual fund, bank account, or in individual stocks? Most people think that those are the only investment vehicles allowed. Not so. The I...

Prescott's Clear Skies and the Geminid Meteor Shower. I got up at the usual 5:30 AM and got in the spa outside. Today was a special morning. The Geminid Meteor Shower was in full glory. Although I only stayed about ½ hour I saw at least 30 meteors hit our atmosphere. I am not an astronomer. I can...

Shared wells are viewed positively by some and negatively by others. Here are both sides of the story. Negative Aspects: Requires a cooperative effort between neighbors to conserve water. One party could be viewed as using a disproportionate share of the water. There is less self freedom Requires...

A test of our integrity is always just around the corner in the real estate business. That statement is particularly true when our incomes have been cut in this market. Assuming you are holding the same market share you were a few years ago you are making less. Those who are making more have adju...

A recent change in the FEMA Flood Maps for our area has prompted me to write about the impact that flood zones can have on buyers, sellers, and the cost of living. Flood insurance requirements of mortgage companies are a moving target. As FEMA reevaluates an area every 5 years your mortgage compa...