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Sunday, May 08, 2005

AZ Dept. of Real Estate Helps Home Buyers & Sellers

The Arizona Department of Real Estate has created a publication to help guide home buyers and sellers through the process more smoothly.  In addition to providing information about the Arizona Department of Real Estate, "Arizona Real Estate and You (a Consumer's Guide)" also contains a wealth of other information:

• choosing a real estate broker
• preparing to sell your home
• disclosure
• buying a home
• the offer, purchase contract and counter-offers
• negotiating the deal
• the escrow period
• home financing and different types of mortgages, VA & FHA loans
• the home inspection, appraisal, home warranty, survey, pest inspection and final walk-through
• other investigations to make during the inspection period
• taking title
• closing the deal
• where to go for additional information

This guide contains some very helpful information, especially for first time Arizona home buyers and sellers.  I would also suggest that all Arizona buyers (and sellers, too!) go to the AZ Assoc. of Realtorsâ website to read "The Arizona Dept. of Real Estate Buyer Advisory".  This document helps guide the buyer through the paperwork aspect of a real estate transaction, as well as providing a more in depth look at the entire inspection process.  It includes a list of many possible inspections and investigations that a buyer should make during the inspection period, both with regard to the property and the surrounding area.  In addition to environmental inspections, it advises buyers to check out everything about a property, including but not limited to schools, homeowner associations & CC&R's, expansive soil, airports, property insurance claims history, sex offenders, etc.  In fact, the information in this advisory is so important that it is referred to in the new 2005 Residential Resale Real Estate Purchase Contract (the most commonly used Arizona real estate contract...I will be blogging about the changes to this new contract in the coming weeks, so be sure to check back!).

The Arizona Department of Real Estate's website also has other consumer information that all buyers and sellers should read.  Buying or selling a home is a very important transaction.  While it is essential to hire a knowledgeable real estate agent to represent your interests, it is equally important for the buyer and seller to be informed and educated about the process.  Remember...knowledge is power!

Written By: Shannon Hubbard Realtor-Investor Great American Realty, Inc. Cell: (480) 695-6672 Email me

Posted by Shannon Hubbard, AZ Realtor & Computer Guru on May 8, 2005 | Permalink

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