June 26, 2017

Don't Have a CLUE?


If you haven’t heard of a CLUE report, it has nothing to do with the table game searching for a murderer. It is a report showing the insurance claims on your home and car for the past five to seven years.10340976-250.jpg

This database is used by insurance companies to evaluate risks and determine rates. C.L.U.E. stands for Comprehensive Loss Underwriting Exchange. Rates can be increased not only due to legitimate claims but data entry errors also. Sometimes, simply asking a question without filing a claim can be logged as a claim.

For that reason, similar to verifying the accuracy of your credit report, it is important to check out the CLUE report on your home and car. The reports are free and there is a process for correcting mistakes.

An interesting and sometimes costly surprise occurs during the home buying process. The claim experience of the prior seller could impact the price of the premium of the new buyer. For that reason, you can ask for a copy of the CLUE report on the home you’re interested in buying prior to writing a contract.

When buying a home in Arizona, a home seller must provide a 5-year insurance claims history report to the buyer.  Often times this is mistakenly referred to as the "CLUE" report.  

June 7, 2017

Sample Real Estate Documents for Buyers

Set Yourself Up for a Successful Road to Homeownership!  

When you work with The West Valley Home Team to help you find your new home, our goal is to help you understand the process so you can make educated choices along the way.  During our Home Buying Strategy Meeting we cover quite a bit of information including what forms and disclosures a buyer will encounter during the home buying process.  

Below is a list of some of these documents that I suggest you familiarize yourself with.  Click on the document name to access a pdf file.  Of course, as your Realtor, I will be going over these documents with you during the actual process as well.  

Pre-Qualification Form:  This form is provided to the seller when you make an offer on a property.  It shows the seller that you have been pre-qualified with a lender and what steps were completed during the pre-qualification.  This is required to submit an offer.

Disclosure of Co-Promotion/Branding Arrangement:  This Realty ONE Group document discloses the companies that we have a co-promotion and branding agreement with.

Arizona Association of Realtors Residential Purchase Contract:  This is the document used to submit your offer to the seller.  It will include the offer amount and the terms and conditions.  Once signed by all parties this is a legally binding contract.

H.O.A. Condominium/Planned Community Addendum:  The seller must provide this to disclose any HOA dues, transfer fees, disclosure fees or other HOA fees.   Page 1 is filled out by the seller, and the buyer fills out page 3.    This form will be a part of your offer documentation as some the HOA fees are negotiable. 

Pool Safety Rules:  This is a must read if you plan on buying a home with a pool.

Disclosure of Information on Lead-Based Paint and Lead-Based Paint Hazards:   This form is required for homes built prior to 1978.  The seller must disclose any known information.  

Solar Panel Lease Assumption:  If the property that you choose has leased solar panels installed you must take over the lease.  In addition, you must qualify for the lease payments.  You will also need to speak to your lender to make sure the solar lease payments don't affect your financing approval. 

Loan Status Update (LSU):  The LSU must be delivered to the seller describing the current status of the proposed loan within ten days of contract acceptance.  Your lender will fill this out so we can provide it to the seller.

If you take the time to review the documents you will be taking one more step to set yourself up for a successful road to homeownership!

May 15, 2017

Phoenix's West Valley Market Statistics

Posted in Market Statistics
May 15, 2017

Avondale, Arizona 85323 Zip Code Market Statistics

Posted in Market Statistics
May 15, 2017

Maricopa County in Arizona Market Statistics

Posted in Market Statistics
May 15, 2017

Goodyear AZ Market Statistics

Goodyear AZ Market Statistics

These statistics are updated once a month as soon as the data is available which is typically the 8th, unless it's a holiday. If the next month hasn't been updated simply check back.

 

 

If you have any questions about the statistics don't hesitate to contact us.  You can click the envelope in the top right hand corner of the website to send an email or give us a call.  We'd love to hear from you!

May 15, 2017

Litchfield Park AZ Real Estate Market Statistics

Litchfield Park AZ Market Statistics

These statistics are updated once a month as soon as the data is available which is typically the 8th, unless it's a holiday. If the next month hasn't been updated simply check back.

 

If you have any questions about the statistics don't hesitate to contact us. You can click the envelope in the top right hand corner of the website to send an email or give us a call. We'd love to hear from you!

May 15, 2017

Buckeye AZ Real Estate Market Statistics

Buckeye AZ Real Estate Market Statistics

These statistics are updated once a month as soon as the data is available which is typically the 8th, unless it's a holiday. If the next month hasn't been updated simply check back.

 

 

If you have any questions about the statistics don't hesitate to contact us. You can click the envelope in the top right hand corner of the website to send an email or give us a call. We'd love to hear from you!

May 15, 2017

Avondale Arizona Real Estate Market Statistics

 

Avondale AZ Market Statistics

These statistics are updated once a month as soon as the data is available which is typically the 8th, unless it's a holiday. If the next month hasn't been updated simply check back.

 

 

If you have any questions about the statistics don't hesitate to contact us. You can click the envelope in the top right hand corner of the website to send an email or give us a call. We'd love to hear from you!

May 15, 2017

Goodyear 85395 Market Statistics


Goodyear 85395 Market Statistics

Posted in Market Statistics