From rowhomes to condos, many properties in the Phoenix metropolitan area have party walls. A party wall is a divider that straddles the property line between two independently owned homes. Consequently, each property owner typically owns only one side of the party...
Real Estate & Development
What is earnest money?
When you make an offer on a home and make your intentions known you want to purchase it, you are entering into an agreement with the seller. Once the seller accepts your offer, he or she will take the home off the market, losing any other potential offers. Because of...
What should you focus on as a homebuyer?
When buying a home, whether it is your first or not, you will want to focus on the most important factors and set the rest aside. However, time and time again, homebuyers will often make the same mistakes that can cost them in the long run. So where should your focus...
What do you know about the difference between an encumbrance and a lien?
As someone involved in Arizona’s construction industry, you likely encounter obstacles and setbacks that derail your projects. Do you know what differentiates those complications? Chron defines encumbrances and liens and explores their differences and considerations....
Trends in Arizona commercial real estate
The Phoenix metro and surrounding areas pose rich opportunities for commercial real estate developers. Rapid population growth will continue to drive the need for retail, residential, commercial and industrial growth through 2022 and beyond. Review the most recent...
Provisions to include in a commercial real estate sales contract
There are always risks involved in purchasing commercial real estate in Arizona. However, having a carefully drafted sales contract in place helps protect all parties involved in the transaction. The sales contract outlines everyone’s rights, obligations and...
What makes a property valuable?
Many factors go into determining the value of a property. This is one of the most important things you need to factor in when looking at new ones for business or commercial purposes. The first thing you need to know is just what those factors are. They may differ from...
What contingencies should I consider when buying a home?
In a seller’s market, you have to be very careful with any offer you make on a home. Sellers have their pick of buyers, so you need to stand out in a good way and minimize the negative. Contingencies are a normal part of real estate contracts, but in a seller’s...
Reviewing Peoria’s zoning districts
Before beginning a commercial development project in Peoria, you need to find the ideal location. Knowledge of the local zoning laws in this Arizona town can help guide a successful endeavor. These are the common non-residential zoning categories in Peoria, Arizona....
How can you maximize returns on vacant land?
If you are an investor who is interested in buying land for commercial development, there are a few things that you need to consider. Most commercial buyers want to be able to make an income off of the land. According to U.S. News, you can maximize returns when...