Terry Bishop's (terry369) Blog

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Real Estate Broker/Owner - Terry Bishop Realty LLC
RECENT BLOG POSTS
All Souls Procession, totally unique to Tucson, will bring celebrants from all over remembering their loved ones in art, music, food, and a procession. Emanating from El Dia de los Muertos, the Day of the Dead, a day of to commemorate those in our lives who have died, the All Souls Procession has...
11/05/2015
What happens if either the buyer or the seller fails to comply with the terms and conditions of the contract? The Arizona Association of Realtors® purchase contract makes provisions.There is a “cure period” which is a three day period in which the party which defaults has to “cure” that default. ...
11/04/2015
2 Comments
Section 4 of the Purchase Contract entitled “Disclosures” is one of the most important segments of the contract and does the most to protect buyers from both seen and unseen problems with the property.The Seller’s Property Disclosure Statement, otherwise known as the SPDS, is the sellers testimon...
11/03/2015
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It is imperative that the buyer performs “due diligence” on the property, especially if purchasing the property “AS IS”.The inspection period is ten days from mutual acceptance of the contract. All days are included, that is calendar days, not working days or week days. Encourage your agent to sc...
11/02/2015
Arizona is not an attorney state and people purchasing property here who hail from the east coast are often baffled because the Realtor® does everything, there is no attorney involved.  If the seller and/or buyer want legal representation, they can hire an attorney, but under Arizona statutes, th...
11/01/2015
Tucson  has many benefits other parts of the country don't enjoy...warmth, sun, an environment for outdoor activities including golf, hiking, camping, or just wandering around. But especially on this morning, I am so grateful we do not change the clocks!I never knew if we had to go forwards or ba...
11/01/2015
Admittedly Halloween is my favorite holiday and the concept of El Dia De Los Muertos is an occasion I never knew about, having been raised in Connecticut. To conscientiously remember those in life who have died and commemorate them is such a nice tradition. Families and friends will spread picnic...
10/29/2015
The buyer should have been pre-approved by a lender in order to purchase a property.  There is a difference between being pre-qualified and being pre-approved.    To be pre-qualified means that according to what you have told the lender, he believes you can purchase the property for whatever sum....
10/28/2015
3 Comments
The Arizona Residential Purchase Contract identifies both the buyer(s) and the seller(s) of the property and indicates the buyer’s desires to purchase the property identified in section 1 b. This identifies the address of the property, the tax identification number, and the legal description. Thr...
10/28/2015
2 Comments
The cover page of the Residential Resale Real Estate Purchase Contract has boldfaced capital letters ending with an exclamation point, ATTENTION BUYER!And underneath the exclamatory phrase is “You are entering into a legally binding agreement” in large letters.The Arizona Association of Realtors®...
10/26/2015
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