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Real Estate Tips: Articles on the Flagstaff Real Estate Market [November 2007]

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Real Estate Buyer Advisory

Purchasing a home can be a bewildering experience for anyone and especially the uninformed.  With all of the publicity concerning foreclosures the need for buyers to be well informed prior to signing a contract has never been greater than it is today.

Arizona realtors have long recognized the need to educate the public with regard to the purchase of real property in our state.  As a result the Arizona Association of Realtors and the Arizona Department of Real Estate have provided a publication entitled “Buyer Advisory”.  Information contained in this advisory is designed to make the purchase of real property by a consumer as smooth as possible.

Some of the most common issues that a buyer may decide to investigate or verify concerning the purchase of a property are summarized in the document.  The three main topics discussed in the publication are; the common documents a buyer should review, the physical conditions of the property that a buyer should investigate, and conditions affecting the surrounding area that the buyer should investigate.

Many real estate professionals request that a potential buyer acknowledge a copy of the advisory prior to negotiating a purchase contract.  The information in the advisory is provided with the understanding that it is not intended as legal or other professional services or advice but a document whereby the consumer can refer when a question arises.

If you are contemplating the purchase of Arizona real estate I suggest that you review the publication closely. You can download a complete copy of the Buyers Advisory at www.marymonday.com/docs/buy_advis.pdf. The Advisory provides valuable information and resources to help you become a more informed buyer.

Mary Monday is an Associate Broker at RE/MAX Peak Properties. She can be contacted at (928) 779-9090 or Mary@MaryMonday.com.

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“Mary Monday made the experience of selling my home a genuine pleasure. It delights me to know there are true professionals left in the world.”—BS