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January 2016 Archives

Recent dip evident in Phoenix residential sales

The real estate market is often fluid; sales rise and fall as the market changes. In November there was a decline in the number of home sales in Phoenix. In the greater Phoenix Valley region, 6,064 homes sold in November, a decrease of over 1,000 homes from the prior month's sales. This decline in real estate transactions appears to be a temporary drop due to a number of factors.

Do the pros outweigh the cons in Arizona short sale purchases?

An Arizona resident who is considering purchasing a home in a short sale real estate transaction, or a buyer who hopes to sell his home through a short sale, may be interested to learn the pros and cons of such a transaction before proceeding. A short sale is a transaction in which a bank agrees to the sale of a home for less than the amount that a homeowner owes on his or her mortgage. The transaction is an alternative to foreclosure proceedings for both the homeowner and the bank.

Easements may give rise to Arizona real estate disputes

There are many ways that a real estate dispute might arise between neighboring Arizona property owners. One common source of discord is the presence of an easement. An easement grants the owner of the easement the right to use another's land for a particular purpose, but not the right of possession.

Arizona attorneys for commercial real estate developers

Often a developer or real estate owner will have a great vision for a parcel of Phoenix commercial property, but may have questions about the legal requirements and regulations he or she must follow. Real estate developers must comply with not only Arizona state law, but also local zoning and planning regulations. As this blog reported in a previous post, Phoenix has certain zoning regulations designed to encourage and promote development in an orderly fashion, but the rules must be complied with precisely.

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