Here is a guide on most options for taking title to property in Arizona. Arizona is a Community Property state, which means that a husband and wife are presumed to have equal interest unless legally specified. One spouse can purchase property as sole and separate with the explicit permission of their spouse. The spouse would have to execute a Disclaimer Deed.
FAQ on Home InspectionsProfessional property inspections are absolutely essential: there is no practical substitute for a professional inspection as a measure to discover and investigate defects or shortcomings in a property. ~ Arizona Department of Real Estate Buyers Advisory
So you're ready to buy your first home, or maybe move up. How will you know for sure when you come across the home of your dreams? It's easy to let emotions take over when you see a nice house, and want to put in an offer right away. But maybe you should take a deep breath, weigh it against the factors below and see how it stacks up:
Almost everyone knows that having a good credit score is important if one ever wants to apply for a loan, credit card, or even a rental home lease. But few people know what defines a good score, and even fewer know how their score is calculated.
If a buyer has enough patience, they just might find their dream home through a Short Sale. Back in 2006, right when the market was turning, we were looking for a new home for ourselves. Being our own worst clients, it took several months to find the perfect home listed at a great price. A Short Sale listing. We offered full price and the seller accepted. We waited several months for the bank's approval. In the meantime, the home was decreasing in value but since we really wanted the house, we kept waiting. The bank finally said they'd approve it, but wouldn't pay any commissions, and there was no way the seller would pay it. We were devastated, as we had budgeted that money for improvements and repairs. It wasn't going to close! Luckily, the seller's agent found a way to negotiate for funds the bank had set aside for lien payoffs or buyer concessions for which we weren't asking. It was a close one, but with patience and luck we got our dream home (at a slightly higher price than what was then current market value).