Tips on Buying Arizona Real Estate

Tips on Buying Arizona Real Estate

Anyone going through the process of buying Arizona real estate is likely to become stressed over the complexities of the entire ordeal. There are a few things which you can keep in mind to make the transaction a bit smoother, however.arizona real estate for canadiansFirst, do your research on the property before you make an offer. This may seem like an obvious bit of advice, but you’d be surprised to find out how many people don’t know certain details regarding the property they are dumping their life savings into. Seemingly little things like who owns mineral rights can turn into major issues if something valuable can suddenly be mined from the property.Next, take a look at the county tax records on the properties you are interested in before buying Arizona real estate. While back taxes are commonly discovered during the closing process, you could be hundreds of dollars in attorney fees into this process before they are noticed. The best thing to do is be your own advocate and figure out what is owed on the property before you find out if you want it or not. You may determine that the house or land is worth buying, even if taxes are owed on it. Typically, it is the seller’s responsibility to pay the taxes, unless a legal agreement is made to state otherwise. You should try to get the seller to settle their own tax bill, since it is their responsibility.

Find out who owns the neighboring lots if they are vacant. This information can usually be obtained from county records or the town clerk. Getting an idea of who owns what can help you decide if there are going to be any building springing up anytime soon on a neighboring lot. If a corporation owns some land next door, for instance, this is could be an indication that they might be looking to expand into your backyard. You should also look at a tax map to see how big lot sizes are, since buildings can only be constructed on certain lot sizes in most towns without a special variance which gives permission to build on smaller plots of land.

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