Arizona Real Estate Notebook

Bob Bruss; There is no official definition, but a real estate flipper is a buyer who acquires a property and holds title less than 12 months. Other names for property flippers are “quick turn specialists” and “speculators.”

More Bob Bruss questions. WHY PAY PMI (PRIVATE MORTGAGE INSURANCE) FEE UP FRONT? IF YOUR NAME IS ON THE TITLE, DEDUCT MORTGAGE INTEREST YOU PAY

Other Bob Bruss questions answered; IF LIFE TENANT DOESN’T PAY EXPENSES, SHE CAN BE REMOVED? EVEN BELOW-MARKET RENT MUST BE REPORTED ON SCHEDULE E

Ilyce R. Glink column also has this question; Q: I signed a quitclaim when I purchased my first new home because I am partnered with a woman. I was told this was a way that she could have something to hold on to in case we were ever to break up. I just want to [...]

Dian Hymer: Deciding on long-term housing needs

Bob Bruss gives 5 great tips for home buyers. Good stuff.

Here is another in a recent volley of articles on over-pricing your home for sale. Making an offer takes a lot of time and energy. Most buyers aren’t willing to do this if they think that the seller is unreasonable. Instead of making a lowball offer many buyers would rather wait to see if the [...]

Bob Bruss; – MUST BOTH SPOUSES’ NAMES BE ON TITLE TO RESIDENCE? – PROBATE IS NECESSARY UNLESS TITLE IS IN JOINT TENANCY OR A REVOCABLE LIVING TRUST [Or in Arizona, home has a beneficiary deed] – BUYING A HOME WILL INCREASE TAKE-HOME PAY

The absolute best time of the year to buy a home is between Thanksgiving Day and New Year’s Day.

Dian Hymer; Study the market carefully by looking at any listing that might suit your needs. Keep track of what these listings sell for so that you’ll be able to determine if a home is priced right or is overpriced for the market. One of the best ways to watch home sales in your zip [...]

Bob Bruss: Must agent reimburse sellers $2,500? In Arizona, the buyer can easily cancel a contract during the inspection period, commonly 10 days in Arizona. Also, REO real estate.

Dian Hymer’s column isn’t exactly suited to Arizona. The most common contract used in Arizona requires a “Lender Status Report” instead of a pre-approval letter. The Lender Status Report, or LSR, provides the seller with more information about how solid the lender’s approval of the buyer is. Some lenders used to give out pre-approval letters [...]

Dian Hymer; It’s difficult for most sellers to accept an offer for less than they want if the offer is made soon after the listing is marketed. The natural inclination is to think that more exposure will bring buyers who will pay more. This is always possible. However, serious buyers who’ve searched for a considerable [...]

Bob Bruss article. For more articles, click “Today’s Top Real Estate News” under my photo.

Bob Bruss article For more articles, click “Today’s Top Real Estate News” under my photo.

Bob Bruss For more articles, click “Today’s Top Real Estate News” under my photo.

Bob Bruss on home seller’s remorse. Home sellers need to understand that it is much easier for a buyer to get out of a contract than a seller. I had a call once from a women who had signed a contract to sell her home to an investor. She had not used a real estate [...]

A lot of good stuff from Bob Bruss and Dian Hymer. – How to sell home acquired under premarital name – How to rid ex-spouse’s name from real estate title – How to sell property held in living trust – Home seekers’ big dilemma: buy now or wait? For more articles, click “Today’s Top Real [...]

Bob Bruss; – Umbrella insurance a wise choice for realty investors – Buying REO property a win-win situation more… For more articles, click “Today’s Top Real Estate News” under my photo.

Bankrate.com: Timing the bubble “burst”Thousands of apprehensive sellers and buyers have been playing this game since the late 1990s, trying to time their sale to either beat the “pop” and gain optimal profits, or to swoop in and pluck up cheap property after a burst. In almost all sections of the country, the bubble remains [...]