Scottsdale / Phoenix Arizona Real Estate News and More...

The last two weeks in the mortgage industry have been quite eventful. Several lenders have closed their doors and/or filed bankruptcy, causing additional concern regarding the current housing market.

The home purchasing process is an exciting, exhilarating, overwhelming, (insert adjective of your choice here) process. I personally think it’s fun, too! But you want to make sure that you are prepared and well-informed in order to ensure your purchase is as stress-free as possible.

So you’re ready to purchase a home! The AAR (Arizona Association of Realtors) Residential Purchase Contract is a nine page document full of multiple clauses and legal verbage that, at first glance, can seem exhaustingly endless. It is, though, carefully designed to protect all parties involved. The purchase contract contains time frames in which certain actions need to be taken and completed. For example, the contract entitles the buyer to an inspection period of at least ten days, and entitles the seller to a five day response time. It also provides time frames for an appraisal to be ordered, certain documentation to be provided, and specifically, the date of close of escrow.

In an exciting technology development, RE/MAX Achievers, with headquarters in Scottsdale, Arizona, and with 12 locations in the Greater Phoenix Metro Area, announced a content partnership with search engine powerhouse Google to provide property listings and RE/MAX Achievers agent information to the online search engine's searchable content.

John Klutznick does not like to use the word "exclusive," but his company's new development in northeast Phoenix can hardly be expected to be anything but.