A 1031 exchange is a method for deferring taxes on the sale of one real estate for another. It applies to business or investment real estate. When utilized properly, it can result in significant savings. This article outlines the benefits of 1031 tax deferred exchanges in Arizona.
Types of Real … [Read More...]
Closing costs typically refer to fees charged by mortgage companies and third parties. Pre-paid expenses and escrows are also included in closing settlement statements and are sometimes mistakened as closing costs, although they are technically a separate category. Definition of pre-paid expenses … [Read More...]
Appraised and assessed prices are frequently mistakened for one another. As a home buyer or seller, it is useful to distinguish the difference between these terms. An explanation of Arizona appraised versus assessed prices can be found below.
Definition Of Assessed Prices
Municipalities levy a tax … [Read More...]
Mortgage insurance is typically mandatory when a owner puts less than twenty percent down of the value of a home. It protects mortgage companies against financial loss when a homeowner default on a loan. Although it is for the benefit of the mortgage company, it is usually the responsibility of the … [Read More...]
CA homeowners insurance protects privately owned real estate. This type of insurance is typically mandatory for properties with a home loan, but even without a mortgage, it is critical to purchase. The following are details on why you need homeowners insurance.
Why You Need Homeowners … [Read More...]
When contemplating the purchase of real estate, it is understandable to be very excited and want to begin viewing homes as soon as possible. In that excitement, you may hold off on the vital step of requesting a home loan pre-approval. A pre-approval is a introductory evaluation of your finances and … [Read More...]