Archives for November 2013
10 things to do 3 days before Thanksgiving dinner By Joe Szabo, Scottsdale Real Estate Team
Luxury Homes with Private Sports Facilities By Joe Szabo, Scottsdale Real Estate Team
First Time Buyers – Harder to qualify for a loan in 2014! By Joe Szabo, Scottsdale Real Estate Team
The Frank Dodd law may make qualifying more difficult, for many first time home buyers, with tougher qualifying guidelines. It will take effect in January 2014, just a few months away. So if you have been sitting on the fence, thinking about buying, Time To Get Moving! A leading real estate authority from ASU stated last week that the Phoenix Metro Area is in a balanced market! That means there are more opportunities for buyers, than just 2 months ago. Interest rates are still low, and supply is up. That could all change in 2014. Owning a home is much better than renting.
Please note that this Scottsdale Real Estate Blog is for informational purposes and not intended to take the place of a licensed Scottsdale Real Estate Agent. The Szabo Group offers first class real estate services to clients in the Scottsdale Greater Phoenix Metropolitan Area in the buying and selling of Luxury homes in Arizona. Award winning Realtors and Re/MAX top producers and best real estate agent for Luxury Homes in Scottsdale, The Szabo group delivers experience, knowledge, dedication and proven results. Contact Joe Szabo at 480.688.2020, info@ScottsdaleRealEstateTeam.com or visit www.scottsdalerealestateteam.com to find out more about Scottsdale Homes for Sale and Estates for Sale in Scottsdale and to search the Scottsdale MLS for Scottsdale Home Listings.
October 2013 Paradise Valley Arizona real estate market update by Joe Szabo, Scottsdale Real Estate
Title Evidence Submittal Requirements provided by Joe Szabo, Scottsdale Real Estate Team
- The city accepts only Title Insurance Commitment for proof of Title.
- The title commitment must cover the whole project site, just as if the city were a commercial real estate developer who was going to buy the whole site from whoever owns it today.
- All submittals must include a complete Schedule A and B.
- The City of Scottsdale must be listed as the proposed insured.
The title information must not be more than 30 days old at the time of the dedication.
- Title information for single family residential dedications is to be provided at the time of the first submittal
- Title Insurance Commitment for commercial dedications is to be provided with the first submittal and title information must not be more than 30 days old at the time of dedication – so new title/updated information is required prior to final approval
- A deed from the current owner to the city.
- Releases of all liens, as if the city were going to pay cash for the land and not assume any liens or take subject to any liens.
- Termination of all leases. (Leases with 24 or fewer months remaining in their term may be listed in the Schedule B exceptions instead.)
- Any other specific payments or specific document recordings that the title insurer would normally call for (such as payment of delinquent property taxes).