Monterey Point Chandler AZ Real Estate - Residential Real Estate in Monterey Point Chandler AZ

INTERNATIONAL INVESTOR BUYING FACTS:
Arizona Revised Statute A.R.S. 6-843 requires that escrow agents not disburse money from an escrow account until funds related to the transactions have been deposited and available. The good funds law specifies which forms of payment are acceptable for deposit.
Available days are considered business days. A business day is defined as a calendar day other than Saturdays, Sundays and certain major holidays.
The chart below summarizes the “availability” of most common types of deposits.


DEPOSIT TYPE
Bank Wire, Electronic Payment/Transfer Cashier’s, Certified or Teller’s Check
Official Checks - Drawn on Local** FDIC Institution Official Checks - Drawn on Non-Local and/or Non-FDIC U.S. Treasury Checks or Postal Money Order All Other Money Orders (Non-U.S. Postal)
Federal: Reserve, Credit Union & Home Loan Bank Checks Local** State, County & Municipal Government Checks
(must be in-state & local**)
Non-Local State, County & Municipal Government Checks (5th Day)
Local** Checks Including: Personal, Corporate, Credit Union, Money Market & Traveler’s Checks
Non-Local** Checks including: Personal, Corporate, Credit Union, Money Market & Traveler’s Checks
On-us Checks***
*Business Day: Funds are potentially available on the Business Day indicated above. A Business Day is defined as a calendar day other than Saturday, Sunday, and excludes most major holidays. If January 1, July 4, November 11, or December 25 fall on a Sunday, the next Monday is excluded from the definition of a business day. NOTE: Individual banks may require additional “hold” periods longer than shown above.
**Local: A Check is considered “Local” when it is drawn against a bank located in the same processing region as the depository bank. The check processing region for the State of Arizona is the Los Angeles Region. Any check with a four- digit ABA Number beginning with “12” or “32” is Local.
***On-us Checks: Next day availability is dependent on the check being drawn against the same bank or branch as the depository bank and is the same check processing region, meaning the ABA Numbers must begin with “12” or “32” .

What is an Escrow?
Escrow is the deposit of funds and/or documents with a third party, by one party for delivery to another party with a third party to be held until the fulfillment of certain conditions.
Arizona, as well as many of the Western states, use escrow agents as settlement agents. In most of the rest of the country, attorneys handle the closing and settlement process.
“Commitment to Service”
What is an Escrow Officer?
An escrow officer is a neutral third party agent that protects the interest of all parties to the transaction.
What your Escrow Officer does for you:
• Receives and holds all funds for disbursement upon escrow closing. • Manages funds and/or documents in accordance with escrow instructions. • Disburses funds such as recording fees, payoffs, seller proceeds, etc. • Responds to requests from the principals and communicates with all parties. • Closes the escrow only when all terms and conditions have been met.
What your Escrow Officer does not do:
• Provide legal advice • Negotiate terms of the transaction • Provide investment advice
What should a Buyer expect?
Documents
Buyers should expect to execute various documents throughout the course of the transaction. One of the documents Buyers are asked to complete is an Identity Statement. An Identity Statement enable the title and escrow company to distinguish the Buyer’s name from others with identical names during a records search.
Loans
If the Buyer does not plan to pay cash, assume the seller’s loan, or have a seller financing agreement, they will need to apply for a new loan. Buyers may wish to get pre-qualified for a loan prior to making an offer on a property to expedite the purchase process.
Acknowledgement
Buyers should expect to receive various documents that will require an acknowledgement, such as:
Seller’s Property Disclosure Statement Covenants, Conditions and Restrictions (CC&R’s) Home Owner’s Association Documents (HOA) Disclosure of Information on Lead-Based Paint and Lead-Based Paint Hazards Planned Unit Development (PUD) Inspections such as property, termite and septic
Title Commitment
Buyer will receive a copy of the preliminary title report/ commitment once the title search has been completed. The purpose of the title commitment is to locate potential problems so that they can be corrected prior to closing, and to allow the transfer of ownership to proceed.
What is Title Insurance?
A Title Insurance policy protects you against problems affecting the title to your home or property. Basically, there are two types of title insurance - an Owner's Policy, and a Loan Policy. The Owner's Policy protects you, the homeowner, for your investment in the property for as long as you or your heirs have an interest in the property. The Loan Policy protects the lender for the amount of the loan.
Before a title policy is issued, a title search of the public records is made in an effort to locate potential problems so that they can be corrected and the transfer can proceed (one third of all transactions reveal a title or public record defect). While most problems can be located in a title search by skilled professionals, there can be hidden hazards that even the most thorough search will not reveal.
Examples include:
Someone other than you owns your property
Forgeries in the chain of title
A claim by a previously undisclosed relative of a former owner
Unpaid taxes and assessments
Unpaid judgments
Unpaid deeds of trusts and mortgages
A title search also discloses easements, rights-of-way, restrictions, and mineral reservations among other matters
Remember: Title Insurance protects you against the potential loss of your most valuable asset - your home or property.
In addition to the standard title policies just described, Pioneer Title Agency also handles the following title insurance products:
ALTA Homeowner's Policy Extended Owners and Lenders Policies Other Lender Policies Trustee's Sale Guarantees Judicial Litigation Guarantee Reports

Community Property
PARTIES
Requires a valid marriage. Only husband & wife.
DIVISION
Each spouse holds and undivided 1/2 interest. Ownership is equal.
TITLE
One spouse cannot partition property by selling their interest.
POSSESSION
Spouses have equal management requiring both to convey/encumber.
PURCHASER
Purchaser acquires whole title of community property, not partial or one-half.
DEATH
The estate, upon death, must be cleared through probate or adjudication.
SUCCESSOR
Tenancy in Common between devisee & survivor results if passing by will.
TAX BASIS
Both halves of property are entitled to a “stepped up” tax basis at date of death.
Community Property with Right of Survivorship
TAX BASIS
Both halves of property are entitled to a “stepped up” tax basis at date of death.
Joint Tenancy with Right of Survivorship
TAX BASIS
Deceased tenant’s share is entitled to a “stepped up” tax basis at date of death.
Tenancy in Common
PARTIES
Any number of persons may be tenants in common.
DIVISION
Ownership can be divided into equal or unequal (fractional) interests.
TITLE
Each owner can convey, mortgage or devise their portion of the property.
POSSESSION
Equal right of possession requires all owners to convey/encumber whole.
PURCHASER
Purchaser becomes a tenant in common with existing property owners.
DEATH
Decedent’s interest passes by will to heirs or devisee. No survivorship rights.
SUCCESSOR
Heirs or devisee become tenants in common.
TAX BASIS
Each share has its own tax basis.
Joint Tenants
PARTIES
Requires a valid marriage. Only husband & wife.
PARTIES
Any number of persons may be joint tenants.
DIVISION
Each spouse holds and undivided 1/2 interest. Ownership is equal.
DIVISION
Ownership interest must be equal and undivided.
TITLE
One spouse cannot partition property by selling their interest.
TITLE
One joint tenant can sell their joint interest.
POSSESSION
Spouses have equal management requiring both to convey/encumber.
POSSESSION
Equal right of possession requires all joint tenants to convey/encumber.
PURCHASER
Purchaser acquires whole title of community property, not partial or one-half.
PURCHASER
Purchaser becomes a tenant in common with existing property owners.
DEATH
No court action required to clear title upon death of first spouse.
DEATH
Estate passes to surviving joint tenants outside of probate.
SUCCESSOR
Estate passes to surviving spouse outside of probate.
SUCCESSOR
Last survivor owns property.
IMPORTANT NOTE: Arizona is a community property state. Property acquired by a husband and wife is presumed to be community property unless legally specified otherwise. Title may be held as “Sole and Separate.” If a married person acquires title as sole and separate, his or her spouse must execute and record with the county Clerk and Recorder a Disclaimer Deed to avoid the presumption of community property. Parties may choose to hold title in the name of a corporation, limited liability company, partnership (general or limited), a trust, or other entity. Each method of taking title has certain significant legal and tax implications. Obtain the advice of an attorney , tax consultant, or other qualified professional.
F.I.R.P.T.A. = Foreign Investment in Real Property Tax Act of 1980
If a Buyer purchase a home for $300,000 or less AND intends to occupy the property as their primary residence, withholding is not required on the sales proceeds.
Otherwise, FIRPTA requires a 10% withholding on the gross proceeds.
Unless, Form 8288-B is filed, then 10% withholding on the “adjusted gain.”
Form W-7: Application for IRS Individual Taxpayer Identification Number (ITIN) should be filed with 8288-B.
Additional Information Specific to Canadians:
Canadians do not have the option of deferring taxes in a tax-free exchange or in an installment sale.
There is no $250,000/$500,000 exemption for Canadians.
Canadians must file U.S. Non-resident tax return (1040NR) Due after sale
Due annually if property is a rental
For additional FIRPTA requirements, publications and forms go to www.irs.gov.
What restrictions are there for Canadian buyers purchasing homes in Arizona?
None. There are no restrictions on foreign nationals buying U.S. or Arizona property.
Can Arizona lenders provide financing for Canadian buyers?
Yes, it’s done all the time. Your real estate agent can help you find a lender who has experience in lending to foreign nationals.
What are the fees associated with BUYING a property in Arizona?
Arizona does not have a real estate transfer tax.
Your “closing cost” will vary from lender to lender, and from one loan program to another. Some of the fees associated with your loan are: home inspection, termite inspection, appraisal, escrow fee, title insurance, county document recording fees, and if the home has a Home Owners Association (HOA), additional HOA fees.
In addition, at closing you will pay for some future expenses in advance. These “pre-paids” may include property taxes and homeowners insurance.
Attorneys are not typically involved in Arizona residential real estate transactions, so that is an expense you will not have when purchasing real estate in Arizona.
Will Canadian buyers be subject to capital gains tax when they sell their Arizona property?
Yes, foreign nationals are subject to U.S. capital gains taxes on real estate sales. Because the U.S. Internal Revenue Service (IRS) can’t easily go after foreign nationals to collect this capital gains tax, there are special U.S. tax “withholding” requirements when foreign nationals sell real estate.
The Foreign Investment in Real Estate Property Tax Act (FIRPTA) imposes U.S. tax on income and gains from real estate owned by “non-resident aliens” at the same graduated rates applicable to U.S. persons. A non-resident alien is someone who has not been granted permanent resident status in the U.S.
Typically, when a non-resident alien sells U.S. real estate, ten percent (10%) of the purchase price will be “withheld” for potential taxes. The seller may, in fact, owe no taxes...or the seller may, in fact, owe more than the ten percent (10%) withheld.
The seller will want to file a U.S. income tax return at the end of the year so any overpayment to the IRS will eventually be returned to the non-resident alien seller.
Also of interest, many homes that are sold for les than $300,000 are not subject to this ten percent (10%) withholding, although the seller is still obligated to pay the full amount of any capital gains tax due.
Interested buyers should contact an accountant or lawyer for details.
Will Canadians pay tax on rental income generated from Arizona investment property?
This is complex but, yes, the IRS will tax income from real estate owned by non-resident aliens at the same graduated rates applicable to U.S. persons. Interested buyers should contact an accountant or lawyer for details.

For more information on Investor buying in Chandler, Arizona :
Contact We Make Your Move EZ!

Mary E. Elliott
and
Susan Z. Hernandez

Monterey Point Chandler AZ Real Estate - Residential Real Estate in Monterey Point Chandler AZ

Marketing homes for sale in Chandler AZ on Facebook???

Check out this privacy manual!!

The Unofficial Facebook Privacy Manual

Introduction

To fully understand privacy on Facebook, and how it's likely to evolve, you need to

understand one thing. In short: Facebook executives want everyone to be public. As

the service evolves executives tend to favour open access to information, meaning

as time marches on information you think is private will slowly become public.

That doesn’t mean you can’t be priv ate if you w ant to; Facebook gives its users the

option to lock things down. But users need to be aware of the controls, how to use

them and how to prepare for future Facebook privacy changes. Facebook hasn’t,

and w on’t, make this information obv ious, and that’s w here this guide comes in.

A realistic look at privacy online

Think about the reality of your information online. Information about you is already

available in many places, so you need to remain aware of the whole picture in

order to keep yourself, your friends and your family safe.

Ensure that the information you put online can't be collected to put yourself or

anyone you know in danger. For example:

I f your name and address appear in the phone book, don't publicly tell

people on Facebook when you're going away for the weekend.

A basic way to guard your privacy is to behave as if every piece of information

online is already public. Given this premise, try not to add anything to a picture that

allows a stranger to know exactly where you will be, where you live or puts you in

danger in any way.

I t's a good idea to understand the many ways in which your privacy could be

breached online. I t's not always what you might expect.

Your friends might share your information without knowing you wanted to

keep it private. For example:

◦ Putting photos of you online or tagging you in photos (especially those

which make it clear where you were at a given time).

◦ Sharing your phone number, address or child's name.

◦ Mentioning publicly that you are going away for the weekend.

◦ Excitedly sharing news you only wanted a few people to know.

◦ Accidentally sharing a screenshot that shows your private information.

Someone might deliberately share your information. For example:

The Unofficial Facebook Privacy Manual

◦ After a relationship break-up or a fight between friends.

◦ Because of jealousy or rivalry (love triangles, classmates, co-workers,

siblings).

Someone might be tricked or coerced into showing your information as they

see it.

Someone else might have a security breach (virus, left account logged in).

People might lie about who they are to get your trust (or someone else's).

Default privacy settings may change.

Someone might hack into your data.

Police might legitimately ask to access your data (or a friend's data),

exposing your actions to a public court case.

There may be a glitch that exposes information.

A hacker or ex-friend may deliberately spread misinformation about you.

You get the idea: human error and technical glitches can and will occur, while some

people may hurt you deliberately.

The best defence? Be careful what is online in the first place. Privacy settings help,

but that’s it. Don't ev er trust the settings to protect you entirely.

I f there is anything you specifically want to keep private for any reason, make sure

your friends know what it is and why. For example:

You may work in a profession where it is prudent to keep your true identity

obscured (teaching, law, military secrets, mental health care).

The trick with setting your privacy settings is to consider all possible privacy breaches,

then use the privacy settings to minimise the possibility of a breach (or reduce the

damage caused by a breach). For example:

I f you never put your sexy bedroom photos on Facebook, then a Facebook

glitch will never accidentally be make them public. Better still: don't take any.

Set your privacy settings so that photos of you are, tagged by other people,

are seen only by a specific list of friends. This means unflattering party photos

taken aren’t seen by ev eryone you know.

Filtering, so that your co-workers can't see comments on your wall, will limit

their exposure to personal comments made by your friends.

Hopefully we've got you thinking about what you need to control, and why. The rest

of this guide looks at how , so let’s get started!

For more information contact

Mary or Susan With

United Brokers Group!

http://www.yourezmove.net/

Monterey Point Chandler AZ Real Estate - Residential Real Estate in Monterey Point Chandler AZ

Chandler Homes

Chandler Luxury Homes with Casitas Promote Warm Hospitality

As one of the fastest growing cities in the nation, the major Phoenix suburb of Chandler stands out as a shining star within an already prominent region. As home to many of Arizona's most beautiful resorts and comfortable homes, Chandler is a popular locale for both vacationers and homeowners alike. Additionally, this suburban paradise features pleasant year-round weather and a characteristic brand of luxury that is one-of-a-kind. As a result, many residents look for homes with guest casitas so they can share Chandler's unique beauty with their family and friends.

An Array of Subdivisions Feature Deluxe Chandler Properties with Guest Houses for Sale

A number of Chandler's subdivisions offer luxurious residences with guest houses with separate entries that allow homeowners to offer their guests keen hospitality. Stellar Airpark Estates is a unique gated community with lush landscape spanning across 50 acres. With the Stellar Airport to the east, residents can walk out of their homes into a private hangar and fly away to a private destination with family and friends.
Vasaro is another of Chandler's luxury gated communities that offers residents lavish homes with casitas. This development is noted for its privacy and breathtaking mountain views. Homeowners also enjoy beautiful landscapes which include parks, citrus trees, lots of wide open space, and neighborhood playgrounds. Residents of San Tan Vista bask in the luxury of million-dollar homes within this private, custom home community. Many residences include formal dining rooms ideal for entertaining guests as well as game rooms, lofts, media rooms and guest accommodations with separate entrances.

The Most Desirable Communities Offer Prominent Chandler Luxury Homes with Casitas

Whitewing and Pinelake Estates both hold prestigious reputations in Chandler for offering exceptional Arizona housing. The builders of Whitewing are known for producing some of the most finely crafted custom home communities in the Phoenix metropolitan area's East Valley. Most of the people who buy homes here are looking to design and build the house of their dreams. With Whitewing's ardent commitment to quality and careful attention to detail, dreams come true in this community every day.
Also in Chandler lies an enchanting lake subdivision known as Pinelake Estates. This quaint community features a number of meticulously crafted waterfront homes with separate guest houses. The beautiful desert front and breathtaking mountain views make Pinelake Estates a hard-to-resist neighborhood. Many homes in this development feature covered patios, private balconies, formal dining rooms, spacious bedrooms and even bigger yards.

Consult an Experienced Agent to Find a Residence with a Guest Home for Sale in Chandler, AZ

With so many tantalizing property listings to consider, locating the home that's right for you can seem like searching for hay in a haystack. There are so many great choices it can be difficult to know where to start. The process of locating the home of your dreams is one that requires the help of an expert realtor who can take you by the hand and help you discover the property that is waiting just for you.

Call Mary E. Elliott or Susan Z. Hernandez to get started today!

http://www.yourezmove.net/
www.facebook.com/realestateformilitary

Monterey Point Chandler AZ Real Estate - Residential Real Estate in Monterey Point Chandler AZ

GOOD NEWS FOR CHANDLER, AZ!

NAR reported early Monday that distressed sales nationwide increased to 39% of all existing purchase transactions in February. The median sale price is hurt by this type of sale, as well as the number of cash transactions that took during the month. The median sale fell 5.2% compared to one year ago to $156,000, NAR said.
NAR determined it will take 29 months to clear shadow inventory in Florida, 11 months to clear in California, 34 months to clear in New York, seven months to clear in Nevada and  only nine months to clear in Arizona!
"This is largely due to their shadow inventory moving somewhat faster through the pipelines and comprising larger share of existing sales," NAR said. Distressed sales comprised 69% of existing home sales in Nevada in the fourth quarter of 2010 and 55% in Arizona.

For more info:

www.yourezmove.net

THE EZ TEAM!

Or call Susan Z Hernandez, Realtor 480-600-9930

or Mary E  Eliott, Realtor 480-518-7831

The EZ TEAM On FACEBOOK

or

https://www.facebook.com/RealestateforMilitary

http://www.azcommunitydirectory.com/143676-Chandler-Monterey-Point-AZ-RESCmty.aspx

Monterey Point Chandler AZ Real Estate - Residential Real Estate in Monterey Point Chandler AZ

Monterey Point in the heart of Chandler, AZ is one of many subdivisions that the homes are moving! With 32,000 homes on the market and over 7000 homes sold in the month of January '11 and almost 5000 homes sold in the month of February '11..this means we are close to being a sellers market with just about 6 months worth of inventory. For more info http://www.yourezmove.net/

Interest rates are still at their all time lows, prices are at their all time lows...this is a recipe for the perfect time to purchase a home in Arizona.

Monterey Point has  SINGLE LEVEL HOMES WITH ALL THE CURB APPEAL. THIS IMMACULATE NEIGHBORHOOD IS IN A GREAT AREA OF CHANDLER. NEAR THE NEIGHBORHOOD PARK, YET MINUTES FROM SAN TAN 202 AND NEAR CHANDLER REGIONAL HOSPITAL. http://www.chandlerregional.org/index.htm

UNDER $100,000!! An investors dream. Potential for POSITIVE CASH FLOW immediately. 

how to calculate positive cash flow go to: 

 http://www.ehow.com/how_4423985_calculate-positive-cash-flow-rental.html 

LOW PRICES. Bank Owned homes. Freshly painted. Large Great Rooms with tile. Single levels. Two Stories. Open Kitchens. Large extended patios. 2 car garages. RV gates. Pools. Big Yards.

Close to 202/San Tan Freeway.
Close to downtown Chandler, AZ. www.downtownchandler.org/
Close to Chandler Regional Hospital. http://www.chandlerregional.org/index.htm
Close to Chandler Mall. http://www.chandlermall.com/
Close to Santan Village. www.shopsantanvillage.com/
Chandler Farmers Market. http://www.chandleraz.gov/anevent.aspx?C_UID=2979
Close to United Brokers Group. http://www.yourezmove.net/

For more Real Estate and Chandler Community information contact:

Mary or Susan

www.yourezmove.net

Monterey Point in Chandler Homes for Sale

Monterey Point is a sought after area in the heart of Chandler.
There is a lot of activity for the investors or small family. With Currently 2 pending and 2 Active with Contingency (under contract) and only 6 Actives this neighborhood has great interest!


Homes with:

New Granite Counters, New Carpet, Fresh Paint, and much more! Lovely, resort like back yard features pebble tech pool & large covered patio.

Great Short Sale Opportunities in Chandler! This home features a custom slate front entry and walk way, with a private courtyard. The home includes 4 spacious bedrooms with 2 and a half bathrooms with a 2 car garage. Downstairs features a huge great room and large laundry room as well as a bedroom that can be used as an office or den.
Open spacious great room floor plans.

UPGRADED KITCHEN WITH GRANITE COUNTERTOPS AND UNDERMOUNT SINKS. CEILING FANS IN EVERY ROOM. ACROSS FROM QUIET CUL-DE-SAC.

Monterey Point Chandler AZ Real Estate - Residential Real Estate in Monterey POint Chandler AZ

Short Sale Seller Advisory for ARIZONA

Click here to find out some benefits and pitfalls.

 5 Steps to Owning a Home after Foreclosure in Chandler, AZ.

It won’t be easy to obtain a mortgage after foreclosure. But with enough time, discipline, and desire, you can own your own home again. Here’s what you need to do:

Click here to find out what do you do next? 

FOR MORE INFO on Real Estate in Chandler Arizona:

https://www.facebook.com/pages/The-EZ-Team-with-UBG-Real-Estate/173822242652876

Click here to find Residential Real Estate in Chandler Arizona