6735E.PinnacleVistaDrive Scottsdale,AZ85266
WIRE FRAUD ALERT THINK DIFFERENTLY
Email-based, real estate fraud schemes are on the rise. One common scenario is altering wiring instructions with the intention of rerouting funds.
Keeping this in mind, First American Title is changing the way we receive payment information. It is imperative that we are familiar with the people in our transactions.
RELYING ON EMAIL ALONE IS NO LONGER AN OPTION.
YOU SHOULD BE AWARE OF PRECAUTIONS
DO NOT TRUST EMAILED INSTRUCTIONS
Fraudsters often use email to send falsified wire instructions to unsuspecting victims. Please warn your buyers and sellers to only follow wire instructions they receive personally from First American Title.
Additionally, we will not accept disbursement instructions for seller or buyer funds via email OR from any third party (attorney, real estate agent, etc).
ALTERNATIVE INSTRUCTIONS?
If your buyer or seller receives alternative wiring instructions that appear to be from First American Title, make sure they contact their escrow officer at a trusted phone number for confirmation.
Know that our wiring instructions do not change so any communication is suspect. Our banking institution is First American Trust.
IN SHORT – wire instructions will not be accepted by email. New wire instructions must be hand-carried or uploaded to the First American Secure Portal.
Thank you for joining First American Title in fostering a secure real estate transaction process. Have questions or concerns? Please contact our office or your escrow officer.
For more information please contact your
01100180621
IN THE REAL ESTATE CLOSING PROCESS
American representative. www.firstam.com First American Title Insurance Company, and the operating divisions thereof, make no express or implied warranty respecting the information presented and assume no responsibility for errors or omissions. First American, the eagle logo, First American Title, and firstam.com are registered trademarks or trademarks of First American Financial Corporation and/or its affiliates. ©2023 First American Financial Corporation and/or its affiliates. All rights reserved. NYSE: FAF
First
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IMPORTANT -- PLEASE READ CAREFULLY:
This report is not an insured product or service or a representation of the condition of title to real property. It is not an abstract, legal opinion, opinion of title, title insurance commitment or preliminary report, or any form of Title Insurance or Guaranty. This report is issued exclusively for the benefit of the Applicant therefor and may not be used or relied upon by any other person. This report may not be reproduced in any manner without First Americans prior written consent. First American does not represent or warrant that the information herein is complete or free from error, and the information herein is provided without any warranties of any kind, as-is, and with all faults. As a material part of the consideration given in exchange for the issuance of this report, recipient agrees that First Americans sole liability for any loss or damage caused by an error or omission due to inaccurate information or negligence in preparing this report shall be limited to the fee charged for the report. Recipient accepts this report with this limitation and agrees that First American would not have issued this report but for the limitation of liability described above. First American makes no representation or warranty as to the legality or propriety of recipient's use of the information herein.
Subject Property 6735 E Pinnacle Vista Dr Scottsdale AZ 85266 APN: 212-10-009-P Data Provided By: First American Title Ins Co © 2024 CoreLogic. All rights reserved
Disclaimer
This REiSource report is provided "as is" without warranty of any kind, either express or implied, including without limitations any warrantees of merchantability or fitness for a particular purpose. There is no representation of warranty that this information is complete or free from error, and the provider does not assume, and expressly disclaims, any liability to any person or entity for loss or damage caused by errors or omissions in this REiSource report without a title insurance policy.
The information contained in the REiSource report is delivered from your Title Company, who reminds you that you have the right as a consumer to compare fees and serviced levels for Title, Escrow, and all other services associated with property ownership, and to select providers accordingly. Your home is the largest investment you will make in your lifetime and you should demand the very best.
Provided By: First American Title Ins Co
Data
© 2024 CoreLogic. All rights reserved
Subject Property : 6735 E Pinnacle Vista Dr Scottsdale AZ 85266
Owner Information
Owner Name : Zimmerman Kurt
Mailing Address : 6735 E Pinnacle Vista Dr, Scottsdale AZ 85266-8767 R172
Vesting Codes : Husband/wife / /
Owner Occupied Indicator : O
Location Information
Legal Description : Por Of Ne4 Sw4 Sec 34 Daf Com Cen Sd Sec Th W 330.79f Th S 30f To Tpob Th Cont S 297.38f Th W 150f Th N 297.38f Th E 150.79f To Tpob
County : Maricopa, Az
Census Tract / Block : 6133.00 / 1
Township-Range- Sect : 05N-04E-34
APN : 212-10-009-P
Owner Transfer Information
School District : Cave Creek 93
Munic/Township : Scottsdale
Neighbor Code : 20-008
Recording/Sale Date : 12/15/2005 / Deed Type : Deed (reg)
Document # : 1897099
Last Market Sale Information
Recording/Sale Date : 12/15/2005 / 11/01/2005 1st Mtg Int. Rate/Type : / Fixed Rate Loan
Sale Price : $1,245,000
Document # : 1897098
Deed Type : Warranty Deed
1st Mtg Amount/Type : $900,000 / Cnv
Title Company : First American Title
Lender : Wells Fargo Bk Na
Seller Name : Ilkaev Dmitri
Prior Sale Information
1st Mtg Document # : 1897100
1st Mtg Term : 30
Price Per SqFt : $314.24
2nd Mtg Amount/Type : $70,000 / Conv
Prior Rec/Sale Date : 11/14/2003 / 11/04/2003 Prior Doc Number : 1575984
Prior Sale Price : $725,000
Prior Deed Type : Warranty Deed
Name : Lisa Mrazek Customer Company Name : First American Title Insurance Company Prepared On : 04/29/2024 © 2024 CoreLogic. All rights reserved
Customer
Property Characteristics
Gross Area : 3,962
Living Area : 3,962
Total Rooms : 8
Year Built / Eff : 2003
# of Stories : 1
Parking Type : Garage
Property Information
Land Use : Sfr
Zoning : R1-43
Lot Acres : 1.03
Tax Information
Total Value : $863,200
Land Value : $172,600
Improvement Value : $690,600
Total Taxable Value : $82,588
Garage Capacity : 4
Roof Material : Concrete Tile
Pool : Pool
Air Cond : Refrigeration
Heat Type : Forced Air Quality : Good
Cooling Type : Forced Air Condition : Average
Exterior wall : Frame Wood
Patio Type : Covered Patio
Lot Size : 44,842
Water Type : Type Unknown
Assessed Year : 2022
Improve % : 80%
Tax Year : 2022
Property Tax : $4,150.46
Bath Fixtures : 17
Pool Size : 300
Sewer Type : Public Service
State Use : Single Fam Resurban Subd ( 5 )
Tax Rate Area : 931400
Market Value : $863,200
Current Assessed Year : 2024
Current Year Total Value : $231,233
Customer Name : Lisa Mrazek Customer Company Name : First American Title Insurance Company Prepared On : 04/29/2024 © 2024 CoreLogic. All rights reserved
Criteria Subject Property Low High Average Sale Price $1,245,000 $1,200,000 $2,300,000 $1,777,778 Bldg/Living Area 3962 3495 4356 3886 Price Per Square Foot $314.24 $317 $617 $456.80 Year Built 2003 1997 2017 2003 Lot Size 44,842 30,137 50,861 36,160 Bedrooms Bathrooms 6 4 5 4 Stories 1 1 1 1 Total Assessed Value $863,200 $638,200 $1,005,600 $800,089 Distance From Subject 0 0.29 0.83 0.55 Customer Name : Lisa Mrazek Customer Company Name : First American Title Insurance Company Prepared On : 04/29/2024 © 2024 CoreLogic. All rights reserved
Sales Analysis
Map Customer Name : Lisa Mrazek Customer Company Name : First American Title Insurance Company Prepared On : 04/29/2024 © 2024 CoreLogic. All rights reserved
Details of Comparables
Subject Property: 6735 E Pinnacle Vista Dr Scottsdale Az 85266
Owner Name: Zimmerman Kurt /
APN / Alternate APN: 212-10-009-P / Deed Type: Warranty Deed
Subdivision / Tract: / Lot Size: 44,842
Rec. Date / Price: 12/15/2005 / $1,245,000 Living Area: 3,962
Document #: 1897098
Total Tax Value: $863,200
#1 27686 N 65th Way Scottsdale Az 85266
Bedrooms:
Bath(F/H): /
Owner Name: Rasmussen Harry /Rasmussen Leah D
APN / Alternate APN: 212-10-204 / Deed Type: Warranty Deed
Subdivision / Tract: Saguaro Highlands / Lot Size: 31,771
Rec. Date / Price: 03/08/2024 / $1,250,000 Living Area: 3,762
Document #: 120693
Total Tax Value: $765,800
Bedrooms:
Bath(F/H): /
#2 6916 E Lomas Verdes Dr Scottsdale Az 85266
Owner Name: Curtis Jason /Curtis Jessica J
APN / Alternate APN: 212-10-075-A / Deed Type: Warranty Deed
Subdivision / Tract: Lomas Verdes / Lot Size: 50,861
Rec. Date / Price: 05/23/2023 / $1,200,000 Living Area: 3,781
Document #: 265726
Total Tax Value: $786,100
#3 6669 E Oberlin Way Scottsdale Az 85266
Bedrooms:
Bath(F/H): /
Owner Name: Wodetzki Thomas W Trust /Wodetzki Stacy L Trust
APN / Alternate APN: 212-10-168 / Deed Type: Warranty Deed
Subdivision / Tract: Saguaro Highlands / Lot Size: 31,058
Rec. Date / Price: 03/19/2024 / $2,300,000 Living Area: 3,730
Document #: 139989
Total Tax Value: $751,500
Bedrooms:
Bath(F/H): /
#4 6426 E Monterra Way Scottsdale Az 85266
Owner Name: 2006 Stephen R D Jr /Stephen R Dickerson 2006 Trust
APN / Alternate APN: 212-10-389 / Deed Type: Warranty Deed
Subdivision / Tract: Paseo Las Colinas / Lot Size: 43,717
Rec. Date / Price: 06/30/2023 / $2,300,000 Living Area: 4,140
Document #: 343222
Total Tax Value: $974,800
Bedrooms:
Bath(F/H): /
Land Use: Sfr
Year Built / Eff: 2003 /
# of units:
Pool: Pool
Land Use: Sfr
Year Built / Eff: 2003 /
# of units:
Pool: Pool
Land Use: Sfr
Year Built / Eff: 1997 /
# of units:
Pool: Pool
Use: Sfr
Year Built / Eff: 2001 /
# of units:
Pool: Pool
Land Use: Sfr
Year Built / Eff: 2017 /
# of units:
Pool: Pool
Land
Lisa Mrazek
First American Title Insurance Company Prepared On : 04/29/2024 © 2024 CoreLogic. All rights reserved
Customer Name :
Customer Company Name :
#5 6319 E Ironwood Dr Scottsdale Az 85266
Owner Name: Thompson Ryan S /
APN / Alternate APN: 212-17-020 / Deed Type: Warranty Deed
Subdivision / Tract: Alterra / Lot Size: 33,260
Rec. Date / Price: 02/29/2024 / $1,850,000 Living Area: 4,356
Document #: 104008
Total Tax Value: $777,000
Bedrooms:
Bath(F/H): /
#6 6582 E Running Deer Trl Scottsdale Az 85266
Owner Name: Kanack Rachel /
APN / Alternate APN: 212-10-116 / Deed Type: Warranty Deed
Subdivision / Tract: Saguaro Highlands / Lot Size: 30,137
Rec. Date / Price: 10/02/2023 / $1,750,000 Living Area: 3,730
Document #: 513316
Total Tax Value: $711,500
#7 27171 N 73rd St Scottsdale Az 85266
Owner Name: Lane Dillon D /
Bedrooms:
Bath(F/H): /
APN / Alternate APN: 212-23-040 / Deed Type: Warranty Deed
Subdivision / Tract: Monterra / Lot Size: 37,595
Rec. Date / Price: 10/12/2023 / $1,900,000 Living Area: 3,997
Document #: 532490
Total Tax Value: $638,200
#8 26883 N 73rd St Scottsdale Az 85266
Owner Name: Wass Craig A /Wass Lori L
Bedrooms:
Bath(F/H): /
APN / Alternate APN: 212-23-097 / Deed Type: Warranty Deed
Subdivision / Tract: Monterra / Lot Size: 33,200
Use: Sfr
Built / Eff: 1999 /
of units:
Pool
Use: Sfr
Built / Eff: 2003 /
of units:
Pool
Use: Sfr
Built / Eff: 1997 /
# of units:
Pool: Pool
Use: Sfr
Built / Eff: 2014 /
Rec. Date / Price: 10/13/2023 / $1,900,000 Living Area: 3,986 # of units:
Document #: 533609
Total Tax Value: $1,005,600
#9 26830 N 73rd Way Scottsdale Az 85266
Bedrooms: Pool: Pool
Bath(F/H): /
Owner Name: Carravetta Vincent A /Carravetta Amy J
APN / Alternate APN: 212-23-102 / Deed Type: Warranty Deed Land Use: Sfr
Subdivision / Tract: Monterra / Lot Size: 33,840 Year Built / Eff: 2000 /
Rec. Date / Price: 02/27/2024 / $1,550,000 Living Area: 3,495 # of units:
Document #: 97967
Total Tax Value: $790,300
Bedrooms: Pool: Pool
Bath(F/H): /
Land
Year
#
Pool:
Land
Year
#
Pool:
Land
Year
Land
Year
Customer Name : Lisa Mrazek Customer Company Name : First American Title Insurance Company Prepared On : 04/29/2024 © 2024 CoreLogic. All rights reserved
Subject Property : 6735 E Pinnacle Vista Dr Scottsdale AZ 85266 Customer Name : Lisa Mrazek Customer Company Name : First American Title Insurance Company Prepared On : 04/29/2024 © 2024 CoreLogic. All rights reserved
Customer Name : Lisa Mrazek Customer Company Name : First American Title Insurance Company Prepared On : 04/29/2024 © 2024 CoreLogic. All rights reserved
6755 E PINNACLE
DR Distance 0.03 Miles
Owner Name : Kalmanovitz Steven
Sale Date : 11/28/2006
Total Value : $652,500
Bed / Bath : / 4
Land Use : Sfr
Stories : 1
Yr Blt / Eff Yr Blt : 1999 /
6705 E PINNACLE
Recording Date : 12/20/2006
Sale Price : $819,900
Property Tax : $3,064
Lot Acres : 1.01
Living Area : 3,263
APN : 212-10-008-C
DR Distance 0.03 Miles
Owner Name : Brooks Ryan S
Sale Date : 12/01/2004
Total Value : $1,021,700
Bed / Bath : / 5
Land Use : Sfr
Stories : 1
Yr Blt / Eff Yr Blt : 2000 /
Recording Date : 12/10/2004
Sale Price : $885,000
Property Tax : $4,569.54
Lot Acres : 0.99
Living Area : 4,239
APN : 212-10-009-M
27251 N 67TH ST Distance 0.05 Miles
Owner Name : Eastco Investors Llc
Sale Date : 07/10/2020
Total Value : $979,100
Bed / Bath : / 6
Land Use : Sfr
Recording Date : 07/13/2020
Sale Price : $1,180,000
Property Tax : $5,485.56
Lot Acres : 0.99
Living Area : 4,590
Stories : 1 APN : 212-10-009-Q
Yr Blt / Eff Yr Blt : 2004 /
6775 E PINNACLE VISTA DR Distance 0.06 Miles
Owner Name : Biscevic Richard
Sale Date : 05/12/2021
Total Value : $682,200
Bed / Bath : / 4
Land Use : Sfr
Recording Date : 05/21/2021
Sale Price : $1,150,000
Property Tax : $3,216.44
Lot Acres : 1.04
Living Area : 2,866
Stories : 1 APN : 212-10-008-D
Yr Blt / Eff Yr Blt : 2001 /
Customer Name
Customer Company Name
VISTA
VISTA
: Lisa Mrazek
: First American Title Insurance Company Prepared On : 04/29/2024 © 2024 CoreLogic. All rights reserved
27250 N 68TH ST
Owner Name : Haeri Amir
Sale Date : 07/06/2009
Total Value : $595,700
Distance 0.06 Miles
Recording Date : 07/07/2009
Sale Price : $424,000
Property Tax : $2,673.64
Bed / Bath : / 4 Lot Acres : 1.09
Land Use : Sfr
Living Area : 2,722
Stories : 1 APN : 212-10-008-E
Yr Blt / Eff Yr Blt : 1999 /
27575 N 67TH WAY
Owner Name : Mathews William H
Sale Date : 12/30/2020
Total Value : $821,800
Bed / Bath : / 5
Distance 0.07 Miles
Subdivision : Saguaro Highlands
Recording Date : 01/11/2021
Sale Price : $950,000
Property Tax : $4,566.84
Land Use : Sfr Lot Acres : 1.42
Stories : 1
Living Area : 3,923
Yr Blt / Eff Yr Blt : 2004 / APN : 212-10-238
27395 N 66TH ST
Owner Name : Sjo
Sale Date : 08/22/2019
Total Value : $1,100,200
Bed / Bath : / 6
Distance 0.08 Miles
Subdivision : Parolo Vista Estates
Recording Date : 08/30/2019
Sale Price : $1,280,000
Property Tax : $3,177.72
Land Use : Sfr Lot Acres : 1.10
Stories : 1
Living Area : 4,494
Yr Blt / Eff Yr Blt : 2018 / APN : 212-10-372
27207 N 67TH ST
Owner Name : Villaggio Toscano Llc
Distance 0.08 Miles
Property Tax : $544.18
Total Value : $170,900 Lot Acres : 1.00
Land Use : Residential Acreage APN : 212-10-009-S
Customer Name : Lisa
Customer Company Name :
Mrazek
First American Title Insurance Company Prepared On : 04/29/2024 © 2024 CoreLogic. All rights reserved
27339
N 66TH ST
Owner Name : Pagosa
Sale Date : 09/23/2019
Total Value : $759,100
Bed / Bath : / 5
Distance 0.08 Miles
Subdivision : Parolo Vista Estates
Recording Date : 10/24/2019
Sale Price : $1,064,761
Property Tax : $2,402.36
Land Use : Sfr Lot Acres : 1.05
Stories : 1
Yr Blt / Eff Yr Blt : 2019 /
27211
Owner Name : Villaggio Toscano Llc
Living Area : 3,318
APN : 212-10-373
Distance 0.08 Miles
Property Tax : $544.18
Total Value : $170,100 Lot Acres : 0.99
Land Use : Residential Lot
APN : 212-10-009-R
N 67TH ST
Customer Name : Lisa Mrazek
Company Name : First American Title Insurance Company Prepared On : 04/29/2024 © 2024 CoreLogic. All rights reserved
Customer
Census Tract / block: 6133.00 / 1 Year: 2020
Household Population Population by Age Count: 7,238 0 - 11 Estimate Current Year: 6,979 12 - 17 Estimate in 5 Years: 6,031 18 - 24 8.66% Growth Last 5 Years: -8.65% 25 - 64 45.84% Growth Last 10 Years: -178.81% 65 - 74 7.23% 75+ Household Size Household Income Current Year: 2,388 0 - $25,000 3.48% Average Current Year: 3.03 $25,000 - $35,000 1.17% Estimate in 5 Years: 2,063 $35,000 - $50,000 7.83% Growth Last 5 Years: -6.24% $50,000 - $75,000 15.95% Growth Last 10 Years: 8.01% $75,000 - $100,000 10.18% Male Population: 51.73% Above $100,000 61.39% Female Population: 48.27% Average Household Income: $117,755 Married People: 64.67% Unmarried People: 35.33% Housing Median Mortgage Payments Home Values Under $300: 0.92% Below $100,000: 0.6% $300 - $799: 11.5% $100,000 - $150,000: 0% $800 - $1,999: 30.42% $150,000 - $200,000: 0.78% Over $2,000: 57.16% $200,000 - $300,000: 2.12% Median Home Value: $485,200 $300,000 - $500,000: 51.15% Unit Occupied Owner: 90.7% Above $500,000: 45.34% Median Mortgage: $1,817 Customer Name : Lisa Mrazek Customer Company Name : First American Title Insurance Company Prepared On : 04/29/2024 © 2024 CoreLogic. All rights reserved
Rent Payments Year Built Unit Occupied Renter: 9.3% 1999 - 2000 Median Gross Rent: $2,192 1995 - 1998 Less Than $499 0% 1990 - 1994 $500 - $749 0% 1980 - 1989 9.55% $750 - $999 0% 1970 - 1979 6.5% $1000 and Over 100% 1900 - 1969 1.81% Education Enrollment Public Pre-Primary School: 1.04% Not Enrolled in School: 76.93% Private Pre-Primary School: 0.69% Not A High School Graduate: 2.62% Public School: 18.63% Graduate Of High School: 14.09% Private School: 4.45% Attended Some College: 16.69% Public College: 2.58% College Graduate: 41.79% Private College: 1.34% Graduate Degree: 24.82% Workforce Occupation: Manager/Prof: 52.69% Private Worker: 61.87% Technical: Government Worker: 7.19% Sales: 25.39% Self Employed Worker: 13.68% Administrative: Unpaid Family Worker: 8.62% Private House Hold: Farming: 6.03% Service: 4.69% Skilled: Protective Services: Blue-Collar: 17.23% Commute Time Less Than 15 Min: 19.86% 15 min - 28 min: 38.77% 30 min - 57 min: 38.47% Over 60 min: 2.9% Customer Name : Lisa Mrazek Customer Company Name : First American Title Insurance Company Prepared On : 04/29/2024 © 2024 CoreLogic. All rights reserved
Customer Name : Lisa Mrazek Customer Company Name : First American Title Insurance Company Prepared On : 04/29/2024 © 2024 CoreLogic. All rights reserved
Customer Name : Lisa Mrazek Customer Company Name : First American Title Insurance Company Prepared On : 04/29/2024 © 2024 CoreLogic. All rights reserved
Customer Name : Lisa Mrazek Customer Company Name : First American Title Insurance Company Prepared On : 04/29/2024 © 2024 CoreLogic. All rights reserved
Arizona Schools
For detailed information and statistics on Arizona schools please go to https://azreportcards.azed.gov/
First American Title Insurance Company, and the operating divisions thereof, make no express or implied warranty respecting the information presented and assume no responsibility for errors or omissions. First American, the eagle logo, First American Title, and firstam.com are registered trademarks or trademarks of First American Financial Corporation and/or its affiliates. ©2021 First American Financial Corporation and/or its affiliates. All rights reserved. NYSE: FAF 05117910421
PARCEL: 212-10-009P
PARCEL: 212-10-009P 1
OWNER: ZIMMERMAN KURT
INVESTIGATIVE SEARCH RESULTS
SEARCH PARAMETERS
SITUS: 6735 E PINNACLE VISTA DR SCOTTSDALE
MAIL: 6735 E PINNACLE VISTA DR SCOTTSDALE, AZ 85262
SECTION: 34 TWP 5N RNG 4E
INSTRUMENT REC DATE
2005 1897099 12/15/2005
LEGAL: POR OF NE4 SW4 SEC 34 DAF COM CEN SD SEC TH W 330.79F TH S 30F TO TPOB TH CONT S 297.38F TH W 150F TH N 297.38F TH E 150.79F TO TPOB
CURRENT TAXES
INFORMATION THROUGH 04/19/2024 LAND IMPR EXEMPT RATE AREA
SPECIAL DISTRICTS
PRIMARY 86,718 0 0 4.1599 931400 30001
SECONDARY 22,090 88,370 0 1.6474
2023 TOTAL TAX BILLED 4,310.84
2023 TAX AMT TAX DUE INTEREST DATE PAID TOTAL DUE
FIRST HALF 2,155.42 0.00 0.00 09/30/2023 0.00
SECOND HALF 2,155.42 0.00 0.00 02/29/2024 0.00
TOTAL CURRENT TAXES DUE 04/24 0.00
RESIDENTIAL IMPROVEMENTS
BLDG SQFT
COVERED 2
GARAGE (TYPE AND NUMBER) GARAGE 4
POOL SQ FT
SALES
NO SALES
ADDITIONAL PROPERTY INFORMATION
STANDARD LAND USE: SFR
END SEARCH
MARICOPA, AZ 04/29/2024 04:48PM RL13
+ FIRST AMERICAN TITLE, FC0, LMRA
PAGE 1 OF 1
05/24 0.00
3,962 COOLING REFRIGERATION
2003 EXTERIOR WALLS OTHER
1.0 ROOF OTHER NUMBER OF ROOMS CONSTRUCTION CLASS R5 NUMBER OF BATH FIXTURES 17 PHYSICAL CONDITION OTHER PATIO (TYPE AND NUMBER)
LAND USE 01 51
YEAR BUILT
NUMBER OF STORIES
LOT SIZE 1.029 ACRES
300 SCHOOL DISTRICT 931400 HEATING LAND FULL CASH VALUE 220,900 IMPR FULL CASH VALUE
883,700
We are providing the requested information without CC&Rs.
Unfortunately, we are unable to confirm CC&Rs at this time, possibly because:
The property is too complex to obtain CC&Rs without a complete title examination
The property is sectional, whereas there are no “standard” subdivision‐type restrictions
A recorded plat may not exist
The recorded plat may be older, with limited information available, or
Recorded CC&Rs may not exist.
Once escrow is opened, the property will be thoroughly examined. CC&Rs and other matters that may “run with the land” will be disclosed in Schedule B of the Commitment for Title Insurance.
If you have questions, or need additional information at this time, please contact your First American Account Manager or Escrow Officer.
to the Title & Escrow Process in Arizona Home Seller’s Guide
Southwest Gas 1.877.860.6020 www.swgas.com Cox 602.277.1000 www.cox.com Direct TV 1.888.777.2454 www.directv.com Dish Network 1.800.823.4929 www.dishnetwork.com CenturyLink 800.366.8201 www.centurylink.com AT&T 1.800.222.0300 www.att.com Verizon 1.877.300.4498 www.connecttoverizon.com Salt River Project 602.236.8888 www.srpnet.com APS 602.371.7171 www.aps.com Your Escrow Number Your New Address City/State/Zip Real Estate Agent Name Email Assistant Email Company Phone Address Fax Insurance Previous Company Phone Previous Agent Policy No. New Company Phone New Agent Policy No. Home Warranty Company Policy No. First American Title Escrow Officer Email Escrow Assistant Email Address Phone City/State/Zip Fax 02 Quick Reference 03 Welcome 04 Benefits of Using a REALTOR ® 05 Key Professionals 06 Preparing Your Home for Sale 07 Staging Your Home for Show 09 Terms You Should Know 10 The Life of an Escrow 11 Closing Costs: Who Pays What 12 The Escrow Process 14 Understanding Title Insurance 16 Consider This 17 Closing Your Escrow 18 Planning Your Move Q uick Reference Table of Contents Utilities and Services
Count on First American Title
Welcome to the home-selling process. Throughout this process, you can count on First American Title to guide you smoothly through your transaction and provide expert answers to your questions. We are happy to serve you.
Count On Us For Service
First American Title’s professionals are proud to provide the title insurance that assures people’s home ownership. Backed by First American Title Insurance Company, your transaction will be expertly completed in accordance with state-specific underwriting standards and state and federal regulatory requirements.
Count On Us For Stability
First American Title is the principal subsidiary of First American Financial Corporation, and one of the largest suppliers of title insurance services in the nation. With roots dating back to 1889, we’ve served families for generations.
Count On Us For Convenience
First American Title has a direct office or agent near you, offering convenient locations throughout Arizona. We also have an extensive network of offices and agents throughout the United States, and internationally.
Count On Us To Meet Your Needs
First American Financial Corporation offers more than title insurance and escrow services through its subsidiaries. Our subsidiaries also provide property data, title plant records and images, home warranties, property and casualty insurance, and banking, trust and advisory services.
AZ Sellers Guide | 3
Benefits of using a Professional REALTOR ®
Before you make the decision to try to sell your home alone, consider the benefits a REALTOR ® can provide that you may not be aware of.
A REALTOR ® :
› Understands market conditions and has access to information not available to the average homeowner.
› Can advertise effectively for the best results.
› Knows how to price your home realistically, to give you the highest price possible within your time frame.
› Is experienced in creating demand for homes and how to show them to advantage.
› Knows how to screen potential buyers and eliminate those who can’t qualify or are looking for bargain-basement prices.
› Knows how to go toe-to-toe in negotiations.
› Is always “on-call,” answering the phone at all hours, and showing homes evenings and weekends.
› Can remain objective when presenting offers and counter-offers on your behalf.
› Maintains errors-and-omissions insurance.
› Will listen to your needs, respect your opinions and allow you to make your own decisions.
› Can help protect your rights, particularly important with the increasingly complicated real estate laws and regulations.
› Is experienced with resolving problems to facilitate a successful closing on your home.
Only you can determine whether you should attempt to sell your home—probably your largest investment—all alone. Talk with a REALTOR® before you decide. You may find working with a professional is a lot less expensive and much more beneficial than you ever imagined!
FOR SALE BY OWNER
Many people believe they can save a considerable amount of money by selling their homes themselves. It may seem like a good idea at the time, but while you may be willing to take on the task, are you qualified? The following are some questions to help you realistically assess what’s involved.
Do you...
- have the knowledge, patience, and sales skills needed to sell your home?
- know how to determine your home’s current market value?
- know how to determine whether or not a buyer can qualify for a loan?
- understand the steps of an escrow and what’s required of you and the buyer?
- need to hire a real estate attorney? If so, do you know what the cost will be and how much liability they will assume in the transaction?
- know how to advertise effectively and what the costs will be?
- understand the various types of loans buyers may choose and the advantages and disadvantages for the seller?
- have arrangements with an escrow and title company, home warranty company, pest-control service and lender to assist you with the transaction?
Are you...
- aware of conditions in the marketplace today that affect value and length of time to sell?
- concerned about having strangers walking through your home?
- familiar enough with real estate regulations to prepare a binding sales contract? Counter-offers?
- aware that every time you leave your home, you are taking it off the market until you return?
- aware that prospective buyers and bargain hunters will expect you to lower your cost because there’s no REALTOR® involved?
- prepared to give up your evenings and weekends to show your home to potential buyers and “just-looking” time wasters?
AZ Sellers Guide | 4
Key Professionals Involved in Your Transaction
REALTOR ®
A REALTOR ® is a licensed real estate agent and a member of the National Association of REALTORS,® a real estate trade association. REALTORS ® also belong to their state and local Association of REALTORS.®
REAL ESTATE AGENT
A real estate agent is licensed by the state to represent parties in the transfer of property. Every REALTOR ® is a real estate agent, but not every real estate agent has the professional designation of a REALTOR.®
LISTING AGENT
A key role of the listing agent or broker is to form a legal relationship with the homeowner to sell the property and place the property in the Multiple Listing Service.
BUYER'S AGENT
A key role of the buyer’s agent or broker is to work with the buyer to locate a suitable property and negotiate a successful home purchase.
MULTIPLE LISTING SERVICE (MLS)
The MLS is a database of properties listed for sale by REALTORS ® who are members of the local Association of REALTORS.® Information on an MLS property is available to thousands of REALTORS ®
TITLE COMPANY
These are the people who carry out the title search and examination, work with you to eliminate the title exceptions you are not willing to take subject to, and provide the policy of title insurance regarding title to the real property.
ESCROW OFFICER
An escrow officer leads the facilitation of your escrow, including escrow instructions preparation, document preparation, funds disbursement, and more.
AZ Sellers Guide | 5
PREPARING FOR SALE YOUR HOME
First impressions have a major impact on potential buyers. Try to imagine what potential buyers will see when they approach your house for the first time and walk through each room. Ask your REALTOR ® for advice; they know the marketplace and what helps a home sell. Here are some tips to present your home in a positive manner:
Mow and edge the lawn regularly, and trim the shrubs.
Make your entry inviting: Paint your front door and buy a new front door mat.
Paint or replace the mailbox, if needed.
If screens or windows are damaged, replace or repair them.
Repair or replace worn shutters and other exterior trim.
Make sure the front steps are clear and hazard-free. Make sure the doorbell works properly and has a pleasant sound.
Ensure that all exterior lights are working.
Check stucco walls for cracks and discoloration.
Remove any oil and rust stains from the driveway and garage.
Clean and organize the garage, and ensure the door is in good working order.
Shampoo carpeting or replace if worn. Clean tile floors, particularly the caulking.
Brighten the appearance inside by painting walls, cleaning windows and window coverings, and removing sunscreens.
Repair leaky faucets and caulking in bathtubs and showers.
Repair or replace loose knobs on doors and cabinets. If doors stick or squeak, fix them.
Make sure toilet seats look new and are firmly attached.
Repair or replace loud ventilating fans.
Replace worn shower curtains.
Rearrange furniture to make rooms appear larger. If possible, remove and/or store excess furniture, and avoid extension cords in plain view.
Remove clutter throughout the house. Organize and clean out closets.
Clean household appliances and make sure they work properly.
Air conditioners/heaters, evaporative coolers, hot water heater should be clean, working and inspected if necessary. Replace filters.
Check the pool and/or spa equipment and pumps. Make sure all are working properly and that the pool and/or spa are kept clean.
Inspect fences, gates and latches. Repair or replace as needed.
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Staging your home for Show
To make the best impression, keep your home clean, neat, uncluttered and in good repair. Please review this list prior to each showing:
Keep everything clean. A messy or dirty home will cause prospective buyers to notice every flaw.
Clear all clutter from counter tops.
Let the light in. Raise shades, open blinds, pull back the curtains and turn on the lights.
Get rid of odors such as tobacco, pets, cooking, etc., but don’t overdo air fresheners or potpourri. Fresh baked bread and cinnamon can make a positive impact.
Send pets away or secure them away from the house, and be sure to clean up after them.
Close the windows to eliminate street noise.
If possible you, your pets, and your children should be gone while your home is being shown.
Clean trash cans and put them out of sight.
If you must be present while your home is shown, keep noise down. Turn off the TV and radio. Soft, instrumental music is fine, but avoid vocals.
Keep the garage door closed and the driveway clear. Park autos and campers away from your home during showings
Hang clean attractive guest towels in the bathrooms.
Check that sink and tub are scrubbed and unstained.
Make beds with attractive spreads.
Stash or throw out newspapers, magazines, junk mail.
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AZ Sellers Guide | 8
Terms You Should Know
Appraisal
An estimate of value of property resulting from analysis of facts about the property; an opinion of value.
Annual Percentage Rate (APR)
The borrower’s costs of the loan term expressed as a rate. This is not their interest rate.
Beneficiary
The recipient of benefits, often from a deed of trust; usually the lender.
Closing Disclosure (CD)
Closing Disclosure form designed to provide disclosures that will be helpful to borrowers in understanding all of the costs of the transaction. This form will be given to the consumer three (3) business days before closing.
Close of Escrow
Generally the date the buyer becomes the legal owner and title insurance becomes effective.
Comparable Sales
Sales that have similar characteristics as the subject real property, used for analysis in the appraisal. Commonly called “comps.”
Consummation
Occurs when the borrower becomes contractually obligated to the creditor on the loan, not, for example, when the borrower becomes contractually obligated to a seller on a real estate transaction. The point in time when a borrower becomes contractually obligated to the creditor on the loan depends on applicable State law. Consummation is not the same as close of escrow or settlement.
Deed of Trust
An instrument used in many states in place of a mortgage.
Deed Restrictions
Limitations in the deed to a parcel of real property that dictate certain uses that may or may not be made of the real property.
Disbursement Date
The date the amounts are to be disbursed to a buyer and seller in a purchase transaction or the date funds are to be paid to the borrower or a third party in a transaction that is not a purchase transaction.
Earnest Money Deposit
Down payment made by a purchaser of real property as evidence of good faith; a deposit or partial payment.
Easement
A right, privilege or interest limited to a specific purpose that one party has in the land of another.
Endorsement
As to a title insurance policy, a rider or attachment forming a part of the insurance policy expanding or limiting coverage.
Hazard Insurance
Real estate insurance protecting against fire, some natural causes, vandalism, etc., depending upon the policy. Buyer often adds liability insurance and extended coverage for personal property.
Impounds
A trust type of account established by lenders for the accumulation of borrower’s funds to meet periodic payments of taxes, mortgage insurance premiums and/or future insurance policy premiums, required to protect their security.
Legal Description
A description of land recognized by law, based on government surveys, spelling out the exact boundaries of the entire parcel of land. It should so thoroughly identify a parcel of land that it cannot be confused with any other.
Lien
A form of encumbrance that usually makes a specific parcel of real property the security for the payment of a debt or discharge of an obligation. For example, judgments, taxes, mortgages, deeds of trust.
Loan Estimate (LE)
Form designed to provide disclosures that will be helpful to borrowers in understanding the key features, costs and risks of the mortgage loan for which they are applying. Initial disclosure to be given to the borrower three (3) business days after application.
Mortgage
The instrument by which real property is pledged as security for repayment of a loan.
PITI
A payment that includes Principal, Interest, Taxes, and Insurance.
Power of Attorney
A written instrument whereby a principal gives authority to an agent. The agent acting under such a grant is sometimes called an “Attorney-in-Fact.”
Recording
Filing documents affecting real property with the appropriate government agency as a matter of public record.
Settlement statement
Provides a complete breakdown of costs involved in a real estate transaction.
TRID
TILA-RESPA Integrated Disclosures
AZ Sellers Guide | 9
The Life Of An Escrow
THE BUYER
Chooses a Real Estate Agent
Gets pre-approval letter from Lender and provides to Real Estate Agent.
Makes offer to purchase. Upon acceptance, opens escrow and deposits earnest money.
Finalizes loan application with Lender. Receives a Loan Estimate from Lender.
Completes and returns opening package from First American Title.
Schedules inspections and evaluates findings. Reviews title commitment/ preliminary report.
Provides all requested paperwork to Lender (bank statements, tax returns, etc.) All invoices and final approvals should be to the lender no later than 10 days prior to loan consummation.
Lender (or Escrow Officer) prepares CD and delivers to Buyer at least 3 days prior to loan consummation.
Escrow officer or real estate agent contacts the buyer to schedule signing appointment.
Buyer consummates loan, executes settlement documents, & deposits funds via wire transfer.
Documents are recorded and the keys are delivered!
THE SELLER
Chooses a Real Estate Agent
Accepts Buyer’s offer to purchase.
Completes and returns opening package from First American Title, including information such as forwarding address, payoff lender contact information and loan numbers.
Orders any work for inspections and/or repairs to be done as required by the purchase agreement.
Escrow officer or real estate agent contacts the seller to schedule signing appointment.
Documents are recorded and all proceeds from sale are received.
THE ESCROW OFFICER
Upon receipt of order and earnest money deposit, orders title examination.
Requests necessary information from buyers and sellers via opening packages.
Reviews title commitment / preliminary report.
Upon receipt of opening packages, orders demands for payoffs. Contacts buyer or seller when additional information is required for the title commitment/ preliminary report.
All demands, invoices, and fees must be collected and sent to lender at least 10 days prior to loan consummation.
Coordinates with lender on the preparation of the CD.
Reviews all documents, demands, and instructions and prepares settlement statements and any other required documents.
Schedules signing appointment and informs buyer of funds due at settlement.
Once loan is consummated, sends funding package to lender for review.
Prepares recording instructions and submits docs for recording.
Documents are recorded and funds are disbursed. Issues final settlement statement.
THE LENDER
Accepts Buyer’s application and begins the qualification process. Provides Buyer with Loan Estimate.
Orders and reviews title commitment / preliminary report, property appraisal, credit report, employment and funds verification.
Collects information such as title commitment / preliminary report, appraisal, credit report, employment and funds verification. Reviews and requests additional information for final loan approval.
Underwriting reviews loan package for approval.
Coordinates with Escrow Officer on the preparation of the Closing Disclosure, which is delivered to Buyer at least 3 days prior to loan consummation.
Delivers loan documents to escrow.
Upon review of signed loan documents, authorizes loan funding.
AZ Sellers Guide | 10
Closing Costs: Who Pays What
1. Downpayment
2. Termite (Wood Infestation) Inspection (negotiable except on VA) SELLER
3. Property Inspection (if requested by buyer)
4. Property Repairs, if any (negotiable)
5. New Loan Origination Fee (negotiable) BUYER
6. Discount Points (negotiable)
7. Credit Report
8. Appraisal or Extension Fee (negotiable)
Existing Loan Payoff
Existing Loan Payoff Demand
Loan Prepayment Penalty (if any)
Next Month’s PITI Payment
Prepaid Interest (approx. 30 days)
Reserve Account Balance (Credit seller / Charge buyer)
AZ Sellers Guide | 11 CASH FHA VA CONV
BUYER BUYER BUYER BUYER
BUYER BUYER
BUYER
BUYER
SELLER SELLER SELLER
SELLER
BUYER BUYER
BUYER BUYER BUYER
BUYER BUYER BUYER
BUYER BUYER BUYER
SELLER SELLER SELLER SELLER 10.
SELLER SELLER SELLER SELLER 11.
SELLER SELLER SELLER SELLER 12.
BUYER BUYER BUYER 13.
BUYER BUYER BUYER 14.
PRORATE PRORATE PRORATE 15. FHA MIP, VA Funding Fee,
Premium BUYER BUYER BUYER 16. Assessments payoff
proration (sewer, paving, etc.) SELLER 17. Taxes PRORATE PRORATE PRORATE PRORATE 18. Tax Impounds BUYER BUYER BUYER 19. Tax Service Contract SELLER SELLER BUYER 20. Fire/Hazard Insurance BUYER BUYER BUYER BUYER 21 Flood Insurance BUYER BUYER BUYER 22. Homeowners Association (HOA) Transfer Fee BUYER or SELLER BUYER or SELLER BUYER or SELLER BUYER or SELLER 23. HOA/Disclosure Fee SELLER SELLER SELLER SELLER 24 Current HOA Payment PRORATE PRORATE PRORATE PRORATE 25. Next Month’s HOA Payment BUYER BUYER BUYER BUYER 26. Home Warranty Premium (negotiable) BUYER or SELLER BUYER or SELLER BUYER or SELLER BUYER or SELLER 27. REALTORS®’ Commissions SELLER SELLER SELLER SELLER 28. EAGLE Homeowners Title Policy SELLER SELLER SELLER SELLER 29. Lenders Title Policy and Endorsements BUYER BUYER BUYER 30. Escrow Fee (NOTE: Charge seller on VA Loan) SPLIT SPLIT SELLER SPLIT 31. Recording Fees (Flat rate) SPLIT SPLIT SPLIT SPLIT 32. Reconveyance/Satisfaction Fee SELLER SELLER SELLER SPLIT 33. Courier/Express Mail Fees SPLIT SPLIT SELLER SPLIT THIS CHART INDICATES WHO CUSTOMARILY PAYS WHAT COSTS Note: Prorated items will appear on Closing Statement as charges for one and credits for the other.
9.
PMI
or
The Escrow Process
WHAT IS AN ESCROW?
The escrow is the process of having a neutral party manage the exchange of money for real property. The escrow holder is known as an escrow or settlement officer or agent. The buyer deposits funds and the seller deposits a deed with the escrow holder along with all of the other documents required to remove all "contingencies" (conditions and approvals) in the purchase agreement prior to closing.
HOW IS AN ESCROW OPENED?
Once a purchase agreement is signed by all necessary parties, the agent representing the party who will pay the fee selects an escrow holder and the buyer's earnest money deposit and contract are submitted to the escrow holder. From this point, the escrow holder will follow the mutual written instructions of the buyer and seller, maintaining a neutral stance to ensure that neither party has an unfair advantage over the other. The escrow holder also follows the instructions of the Buyer's new lender, the seller's existing lender, and both parties' agents. The escrow holder ensures the transparency of the transaction, while carefully maintaining the privacy of the consumers.
AZ Sellers Guide | 12
Your Escrow Professional May:
Open escrow and deposit good faith funds into an escrow account
Conduct a title search to determine the ownership and title status of the real property
Review the title commitment and begin the process of working with you and the title officer to eliminate the title exceptions the buyer and the buyer’s new lender are not willing to take subject to. This includes ordering a payoff demand from your existing lender.
Coordinate with the buyer’s lender on the preparation of the Closing Disclosure (CD)
Prorate fees, such as real property taxes, per the contract and prepare the settlement statement
Set separate appointments allowing the buyer and seller to sign documents and deposit funds
Review documents and ensure all conditions are fulfilled and certain legal requirements are met
Request funds from buyer and buyer’s new lender
When all funds are deposited and conditions met, record documents with the County Recorder to transfer the real property to the buyer
After recording is confirmed, close escrow and disburse funds, including proceeds, loan payoffs, tax payments, and more
Prepare and send final documents to all parties
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Understanding Title Insurance
The Title Industry & Title Insurance in Brief
Prior to the development of the title industry in the late 1800s, a home-buyer received a grantor’s warranty, attorney’s title opinion, or abstractor’s certificate as assurance of home ownership. The buyer relied on the financial integrity of the grantor, attorney, or abstractor for protection. Today, home-buyers look primarily to title insurance to provide this protection. Title insurance companies are regulated by state statute. They are required to post financial guarantees to ensure that any claims will be paid in a timely fashion. They also must maintain their own “title plants” which house duplicates of recorded deeds, mortgages, plats, and other pertinent county property records.
WHAT IS TITLE INSURANCE?
Title insurance provides coverage for certain losses due to defects in the title that, for the most part, occurred prior to your ownership. Title insurance protects against defects such as prior fraud or forgery that might go undetected until after closing and possibly jeopardize your ownership and investment.
WHY IS TITLE INSURANCE NEEDED?
Title insurance insures buyers against the risk that they did not acquire marketable title from the seller. It is primarily designed to reduce risk or loss caused by defects in title from the past. A loan policy of title insurance protects the interest of the mortgage lender, while an owner’s policy protects the equity of you, the buyer, for as long as you or your heirs (in certain policies) own the real property.
WHEN IS THE PREMIUM DUE?
You pay for your owner’s title insurance policy only once, at the close of escrow. Who pays for the owner’s policy and loan policy varies depending on local customs.
AZ Sellers Guide | 14
Compare First American’s Eagle Policy® for Owners
Protection from:
1 Someone else owns an interest in your title
2 A document is not properly signed
3 Forgery, fraud, duress in the chain of title
4 Defective recording of any document
5 There are restrictive covenants
6 There is a lien on your title because there is:
a) a deed of trust
b) a judgement, tax, or special assessment
c) a charge by a homeowner’s association
7 Title is unmarketable
8 Mechanics lien
9 Forced removal of a structure because it:
a) extends on another property and/or easement
b) violates a restriction in Schedule B
c) violates an existing zoning law*
10 Cannot use the land for a Single-Family Residence because the use violates a restriction in Schedule B or a zoning ordinance
11 Unrecorded lien by a homeowners association
12 Unrecorded easements
13 Building permit violations*
14 Restrictive covenant violations
15 Post-policy forgery
16 Post-policy encroachment
17 Post-policy damage from extraction of minerals or water
18 Lack of vehicular and pedestrian access
19 Map not consistent with legal description
20 Post-policy adverse possession
Compare First American’s Eagle Policy® for Owners
21 Post-policy prescriptive easement
22 Covenant violation resulting in your title reverting to a previous owner
23 Violation of building setback regulations
24 Discriminatory covenants
Other benefits:
25 Pays rent for substitute land or facilities
26 Rights under unrecorded leases
27 Plain language statements of policy coverage and restrictions
28 Compliance with Subdivision Map Act
29 Coverage for boundary wall or fence encroachment*
30 Added ownership coverage leads to enhanced marketability
31 Insurance coverage for a lifetime
32 Post-policy inflation coverage with automatic increase in value up to 150% over five years
33 Post-policy Living Trust coverage
* Deductible and maximum limits apply. Not available to investors on 1- to 4-unit residential properties. Coverage may vary based on an individual policy.
As with any insurance contract, the insuring provisions express the coverage afforded by the title insurance policy and there are exceptions, exclusions and conditions to coverage that limit or narrow the coverage afforded by the policy. Also, some coverage may not be available in a particular area or transaction due to legal, regulatory, or underwriting considerations. Please contact a First American representative for further information. The services described above are typical basic services. The services provided to you may be different due to the specifics of your transaction or the location of the real property involved.
AZ Sellers Guide | 15
EAGLE ALTA
Standard or CLTA
EAGLE ALTA Standard or CLTA
Consider This
One escrow transaction could involve more than 20 individuals, including real estate agents, buyers, sellers, attorneys, escrow officer, escrow technician, title officer, loan officer, loan processor, loan underwriter, home inspector, termite inspector, insurance agent, home warranty representative, contractor, roofer, plumber, pool service, and so on. And often, one transaction depends on another.
When you consider the number of people involved, you can imagine the opportunities for delays and mishaps. Your experienced escrow team can’t prevent unforeseen problems from arising; however, they can help smooth out the process.
AZ Sellers Guide | 16
Closing Your Escrow
THE CLOSING DISCLOSURE
Once the loan is approved and all invoices and paperwork have been provided, the lender and escrow officer will collaborate on the preparation of the Closing Disclosure (CD). In order to close on time, all paperwork and invoices should be submitted at least 10 days prior to the expected close of escrow date. The borrower must receive the CD at least three days* prior to consummation of the loan (typically the signing date). The escrow officer will also prepare an estimated settlement statement and inform the buyer of the balance of the down payment and closing costs needed to close escrow.
*For purposes of the Closing Disclosure“business day” is defined as every day except Sundays and Federal legal holidays.
THE CLOSING OR SIGNING APPOINTMENT
The escrow holder will contact you or your agent to schedule a closing or signing appointment. In some states, this is the "close of escrow." In some others, the close of escrow is either the day the documents record or that funds are disbursed. Ask your escrow holder if you would like clarification about your state's laws.
You will have a chance to review the settlement statement and supporting documentation. This is your opportunity to ask questions and clarify terms. You should review the settlement statement carefully and report discrepancies to the escrow officer. This includes any payments that may have been missed. You are responsible for all charges incurred even if overlooked by the escrow holder, so it's better to bring these to their attention before closing.
The escrow holder is obligated by law to have the designated amount of money before releasing any funds. If you have questions or foresee a problem, let your escrow holder know immediately.
DON'T FORGET YOUR IDENTIFICATION
You will need valid identification with your photo I.D. on it when you sign documents that need to be notarized (such as a deed). A driver's license is preferred. You will also be asked to provide your social security number for tax reporting purposes, and a forwarding address.
WHAT HAPPENS NEXT?
If the buyer is obtaining a new loan, the buyer’s signed loan documents will be returned to the lender for review. The escrow holder will ensure that all contract conditions have been met and will ask the lender to "fund the loan." If the loan documents are satisfactory, the lender will send funds directly to the escrow holder. When the loan funds are received, the escrow holder will verify that all necessary funds are in. Escrow funds will be disbursed to the seller and other appropriate payees. Then, the REALTOR® will present the keys to the property to the buyer.
AZ Sellers Guide | 17
Planning your move
SIX WEEKS BEFORE:
Create an inventory sheet of items to move.
Research moving options You’ll need to decide if yours is a do-it-yourself move or if you’ll be using a moving company.
Request moving quotes Solicit moving quotes from as many moving companies and movers as possible. There can be a large difference between rates and services within moving companies.
Discard unnecessary items Moving is a great time for ridding yourself of unnecessary items. Have a yard sale or donate unnecessary items to charity.
Packing materials. Gather moving boxes and packing materials for your move.
Contact insurance companies. (Life, Health, Fire, Auto) You’ll need to contact your insurance agent to cancel/transfer your insurance policy. Do not cancel your insurance policy until you have and closed escrow on the sale.
Seek employer benefits. If your move is work-related, your employer may provide funding for moving expenses. Your human resources rep should have information on this policy.
Changing Schools. If changing schools, contact new school for registration process.
FOUR WEEKS BEFORE:
Contact utility companies Set utility turnoff date, seek refunds and deposits and notify them of your new address.
Obtain your medical records. Contact your doctors, physicians, dentists and other medical specialists who may currently be retaining any of your family’s medical records. obtain these records or make plans for them to be delivered to your new medical facilities.
Note food inventory levels Check your cupboards, refrigerator and freezer to use up as much of your perishable food as possible.
Service small engines for your move by extracting gas and oil from the machines. This will reduce the chance to catch fire during your move.
Protect jewelry and valuables. Transfer jewelry and valuables to safety deposit box so they can not be lost or stolen during your move.
Borrowed and rented items. Return items which you may have borrowed or rented. Collect items borrowed to others.
ONE WEEK BEFORE:
Plan your itinerary. Make plans to spend the entire day at the house or at least until the movers are on their way. Someone will need to be around to make decisions. Make plans for kids and pets to be at the sitters for the day.
Change of address. Visit USPS for change of address form.
Bank accounts Notify bank of address change. Make sure to have a money order for paying the moving company if you are transferring or closing accounts.
Service automobiles If automobiles will be driven long distances, you’ll want to have them serviced for a trouble-free drive.
Cancel services. Notify any remaining service providers (newspapers, lawn services, etc) of your move.
Start packing. Begin packing for your new location.
Travel items. Set aside items you’ll need while traveling and those needed until your new home is established. Make sure these are not packed in the moving truck!
Scan your furniture. Check furniture for scratches and dents before so you can compare notes with your mover on moving day.
Prepare Floor Plan. Prepare floor plan for your new home. This will help avoid confusion for you and your movers.
MOVING DAY:
Review the house. Once the house is empty, check the entire house (closets, the attic, basement, etc) to ensure no items are left or no home issues exist.
Sign the bill of lading. Once your satisfied with the mover’s packing your items into the truck, sign the bill of lading. If possible, accompany your mover while the moving truck is being weighed.
Double check with your mover. Make sure your mover has the new address and your contact information should they have any questions during your move.
Vacate your home. Make sure utilities are off, doors and windows are locked and notify your real estate agent you’ve left the property.
AZ Sellers Guide | 18
Your Notes:
AZ Sellers Guide | 19
Your Notes:
AZ Sellers Guide | 20
Your Notes:
AZ Sellers Guide | 21
1 SUN CITY WES T
623.299.3644
13940 W. Meeker Blvd, #119
Sun City West, AZ 85375
N of Meeker Blvd W of R.H. Johnson
2 THE LEGENDS
623.537.1608
20241 N. 67th Ave, #A-2
Glendale, AZ 85308
E side 67th Ave/N of 101
3 ANTHEM
623.551.3265
39508 N. Daisy Mountain Dr, #128 Anthem, AZ 85086
NE corner Daisy Mtn Dr/Gavilan Peak Pkwy
4 TATUM RIDGE
480.515 4369
11211 N Tatum Blvd, #A150 Phoenix, AZ 85028
N of Shea, E side of Tatum
5 CAREFREE
480.575.6609
7202 E. Carefree Dr, Bldg 1, #1
Carefree, AZ 85377
NE corner of Tom Darlington/Carefree Dr.
6 SCOTTSDALE FORUM
480.551.0480
6263 N. Scottsdale Rd, #110 Scottsdale, AZ 85250
E Side Scottsdale/S of Lincoln
7 DC CROSSING
480.563.9034
18291 N. Pima Rd, #145
Scottsdale, AZ 85255
SE corner of Pima/Legacy
8 CHANDLER PORTICO
480.777.0051
2121 W. Chandler Blvd., #215
Chandler, AZ 85224
SW Corner Chandler Blvd./Dobson Rd.
9 GILBERT SAN TAN
480.777.0614
1528 E. Williams Field Rd. #101 Gilbert, AZ 85295
NW corner of Williams Field Rd./Val Vista Rd.
10 MESA
480.401.3738
1630 S. Stapley Dr, #123 Mesa, AZ 85204
N of Baseline / W of Stapley
11 RED MOUNTAIN
480.534.3599
1135 N. Recker Rd, #103 Mesa, AZ 85205
SE corner of Recker & Brown
12 GOLD CANYON
480.288.0883
6877 South Kings Ranch Rd, #5 Gold Canyon, AZ 85118
E of 60/South Side Kings Ranch Rd.
1 4 3 2 6 12 10 5 8 7 11 9 CRISMON SIGNAL BUTTE GOLDFIELD OLDWESTHWY SKINGSRANCH Central
First American Title Branch Locator
Arizona
AZ Sellers Guide | 22
05110280223
more information
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