How Can You Avoid Buying a Home with Serious Problems?



If you find a home you really like, and you put earnest money down on it, is there any way to get your money back if you end up finding out something you don’t like about it? This is a question buyers ask us all the time, and the answer is yes!

 Once your offer on a home has been accepted, you have a 10-day due diligence period. During that time, you have the opportunity to bring in an inspector to look for big problems, such as termites, roof leaks, plumbing issues, and a sinking foundation, among many other possible problems. You can hire as many inspectors to come in and take a look at the home as you want during this time!

 During this 10-day period, no one else can make an offer on the home. This allows you to take your time and bring in whoever you feel is necessary to ensure the home is in great shape. You can back out of the transaction and get your money back if you find anything you don’t like during the inspection phase.


If an inspector finds defects with the home, but you still want to buy it, the next step is to make a list of the things that you want fixed. At the end of the 10 days, you need to fill out a form requesting those changes and give it to the seller. The seller then has five days to either fix everything that is requested, fix some things and have the buyers fix others, or choose not to fix anything and end negotiations.

You have a right to do your due diligence when buying, but you have to make an offer first. If you have any questions about this process, or if you need real estate assistance of any kind, please don’t hesitate to reach out to us. We would love to hear from you!
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Location: Sun Lakes, AZ 85248, USA

Sun Lakes Real Estate Market Update & Home Tour



Today, I’m here in a one-story galleria for a home tour and quick update on the latest statistics for Sun Lakes real estate.


As of the end of March, there are 230 properties for sale. Of those, 200 are single-family homes, 8 are townhouses/villas, and 20 are mobile or manufactured homes. We have a little less than 10,000 homes total in Sun Lakes, and the number of homes for sale cycles up and down. We should see that number decline by the time folks leave for the summer.


When you look at the breakdown of homes for sale by communities, you’ll see that Oakwood has 72 properties for sale, Ironwood has 22 properties for sale, Palo Verde has 33, Cottonwood has 62, and Sun Lakes Country Club has 11.


Overall, Sun Lakes saw a 5% to 8% increase in home values over the last year. This isn’t as dramatic of an increase as some areas have seen. However, 5% to 8% is good, steady growth. The median sale price is $230,000, which also varies in different communities. For example, Oakwood has a median sales price of $305,000 while Cottonwood’s is $212,000. The average price per square foot in Sun Lakes is $139, which, again, varies in each community.
Now, this one-story galleria has 2 bedrooms and a 3 car garage. Listed at $330,000, this property is a great deal! It’s on a corner lot and features a library and two walk-in closets for the master suite.

If you have any questions about this property or our current market, give me a call or send me an email. I would be happy to help you!
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Location: Sun Lakes, AZ 85248, USA

Can You Back Out of a Contract When Buying in Sun Lakes?



The question of the day is, “When can I back out of the contract if I change my mind?” I’ll go through each step of the closing process and let you know what to do.

 Now, signing a contract on a home is a good step. Homes are selling quickly, and if you see something you like, you should absolutely make an offer and get a contract. Otherwise, you might lose the home. 

 Once the contract has been signed, your earnest money will be deposited in an escrow account, and a ten day due diligence period begins. You are responsible for getting all the information about the home. Have a home inspection and hire a termite guy to look at the property. Have professionals come in and check any appliances you’re confused about.


As you go through the due diligence period, fill out paperwork stating what you want done to the home. We send that list to the seller and try to negotiate. Sometimes the seller will be responsible for all of the repairs, sometimes they will only take care of a few repairs, and sometimes they won’t fix any repairs at all. 

The seller has five days to respond. All told, you have 15 days to decide whether or not to go through with the transaction. At this point, if you decide not to continue, it’s all over and you get your money back.  If there’s something you can’t live with in the property, it is absolutely fine to back out of the contract. 

If you have any questions, give me a call or send me an email. I would be happy to help you!
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Location: Orange Beach, AL, USA
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