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Coldwell Banker Realty Blog

Thursday, August 4, 2022   /   by Steve Ticknor

Common Contingencies a Home Buyer May Ask For

You searched and searched the Lake Havasu real estate market and finally found a home you love. Now, you must put together your offer to present to the buyer. In it, you might want to include a contingency or two (conditions of sale) to protect yourself in case something goes wrong. If the contingencies in the sales agreement are not met by the close of escrow, you can cancel the sale and get your earnest money deposit back. But you do not want to overwhelm a seller with too many of these conditions. Otherwise, they might not accept your offer. Here are a few common contingencies home buyers ask for (and many sellers expect to see).
Common Contingencies a Home Buyer May Ask For
Home Inspection
No responsible professional would ever suggest waiving a home inspection. This allows the buyer the chance to hire a third-party (unrelated to the seller) to examine the household for potential issues (mold, pests, water damage, etc.). Even with a newly constructed home, you should consider hi. ...

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  lake havasu real estate, home buying tips, common contingencies

Thursday, July 21, 2022   /   by Steve Ticknor

Homeowners Insurance vs Home Warranty

When purchasing a new Lake Havasu City home, smart buyers do in-depth research on all facets of the homebuying process. One thing you need to understand is how to best protect yourself and your investment if anything were to go wrong. Check out the information on homeowners insurance versus home warranty below to educate yourself on your options.
Homeowners Insurance vs Home Warranty: What's the Difference?
Homeowners Insurance
First of all, homeowners insurance pays for any accidental damages and loss caused by fire, lightning strikes, windstorms, and hail. However,  it typically excludes damage from earthquakes and floods. Those require separate policies. (Make sure to talk to your insurance agent about them if you believe you might need them.) Homeowners insurance also covers the replacement of personal property in case of theft or damage. If a person gets injured in your Havasu home or on your property, homeowners insurance covers this as well. According to the insurance we. ...

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  lake havasu real estate, home buying tips, havasu homeowners

Thursday, July 14, 2022   /   by Steve Ticknor

What is an Escrow Account?

The Lake Havasu real estate market appears to be slowing down a little. The days of multiple bids and single-digit days on market may be a thing of the past. Buyers love more inventory and less competition. Part of the home buying process includes opening up an escrow account once a seller accepts your offer. But do you know how this account works?
What is an Escrow Account?
In real estate, escrow is a legal arrangement wherein a third party holds funds and/or collateral until the final sale between a buyer and a seller of a property. Usually (but not always), this falls to the title company. Your Earnest Money Deposit, for example, goes into your escrow account. This protects both the buyer and seller from taking any money deposited there and running off with it. But there are two types of escrow accounts. The first is set in place during the sale. Then, after closing, homeowners usually transition into a homeowners' escrow account.
During the Sale
As I stated above, this account . ...

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  lake havasu real estate, home buying tips

Coldwell Banker Realty
Steve Ticknor And Bob Ulery
2148 McCulloch Blvd N #105
Lake Havasu City, 86403
928-302-6177

Copyright 2022 WARDEX Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable, but not guaranteed. This data is provided by the Western Arizona REALTOR Data Exchange, Inc.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.
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