Easter Festival
Easter Egg Hunt and Spring Festival
March 30th, 2024
9am – 12pm
Rumsey Park – Rumsey 1 Ball Field *across from the library
Author Archives: admin
What is a Disclosure Form?
A disclosure form is a document used to provide information about a particular subject, often to fulfill legal or regulatory requirements, or to ensure transparency in a transaction or relationship. The content of a disclosure form can vary widely depending on the context, but its primary purpose is to make relevant information known to the recipient.
When selling a property, sellers are often required to complete a real estate disclosure form. This form typically outlines any known defects or issues with the property, ensuring that potential buyers are aware of the condition of the property before completing the purchase.
The content and format of disclosure forms can vary based on the specific requirements of the law or industry involved. In many cases, disclosure forms are intended to ensure that parties have access to relevant information and can make informed decisions. It’s crucial for individuals to carefully review and understand any disclosure forms they encounter, and legal advice may be sought if needed.
The 2024 HashKnife Pony Express 66th Annual Ride
The Hashknife Pony Express makes its ride every January/February traveling 200 miles from Holbrook to Scottsdale, Arizona, and delivering 20,000 first-class letters by horseback. There are more than two dozen riders in authentic cowboy clothing carrying the mail. They will be delivering the mail to the Payson Post Office on January 31st at 4:45 pm. The mail will leave for Fountain Hills on February 1st at 9:00 am. Come out and watch them ride down the 87 at our ERA office with your family and friends. For more information, please click the link below:
https://www.hashknifeponyexpress.com/schedule/
What is a Liability Waiver?
A liability waiver is a legal document in which one party agrees to release another party from certain claims or liabilities. Essentially, it is a contractual arrangement where one party relinquishes the right to hold the other party responsible for certain acts or omissions.
Liability waivers are commonly used in various activities and services where there is a risk of injury or damage. Service providers, such as real estate companies, may include liability waivers in their contracts to limit their liability for certain outcomes or unexpected events. Waivers for real estate transactions may include; Inspection Waivers, a Survey Waiver, Warranty Waivers or a Hold Harmless for any system that doesn’t pass a certain standard of inspection.
It’s important to note that while liability waivers are commonly used, their enforceability can vary depending on jurisdiction and the specific circumstances surrounding the agreement. In some cases, certain rights cannot be waived, and in other cases, courts may scrutinize the waiver to ensure that it is clear, unambiguous, and not against public policy.
Wreaths Across America, Remember, Honor, Teach
Winterizing Checklist
Winterizing your home is essential to ensure that it remains warm, energy-efficient, and protected during the colder months. Here’s a comprehensive checklist to help you prepare your home for winter:
1. Inspect Your Heating System:
• Schedule a professional inspection of your heating system to ensure it’s working efficiently.
• Replace air filters and clean vents.
2. Seal Leaks and Gaps:
• Inspect windows and doors for drafts. Use weatherstripping or caulking to seal gaps.
• Install door sweeps to prevent drafts at the bottom of doors.
3. Insulate Your Home:
• Add insulation to your attic and walls, especially if your home lacks proper insulation.
• Consider using draft stoppers at the bottom of doors and windows.
4. Protect Pipes:
• Insulate exposed pipes to prevent freezing. Use pipe insulation or heat tape.
• Disconnect and drain outdoor hoses and shut off outdoor water valves.
5. Check Your Roof:
• Inspect your roof for damaged or missing shingles. Replace as necessary.
• Clean out gutters and downspouts to prevent ice dams.
6. Fireplace and Chimney Maintenance:
• Have your chimney professionally cleaned and inspected.
• Ensure the damper is working properly, and consider installing a chimney cap.
7. Check Smoke and Carbon Monoxide Detectors:
• Replace batteries in smoke and carbon monoxide detectors.
• Test detectors to ensure they are functioning correctly.
8. Prepare Your Windows:
• Consider using thermal curtains to help insulate windows.
• Install window film to reduce heat loss.
9. Service Your Lawn Equipment:
• Drain the fuel from lawn mowers, trimmers, and other outdoor equipment.
• Store these items in a dry place.
10. Winterize Your Air Conditioning Unit:
• Cover or remove window air conditioning units.
• If you have a central air conditioner, cover the outside unit.
11. Check Insulation in Crawl Spaces:
• Ensure that the insulation in crawl spaces is intact and in good condition.
12. Prepare for Winter Storms:
• Stock up on emergency supplies such as flashlights, batteries, blankets, and non-perishable food.
• Make sure you have a snow shovel and ice melt for walkways.
13. Programmable Thermostat:
• Consider installing a programmable thermostat to regulate heating when you’re away.
14. Reverse Ceiling Fans:
• Reverse the direction of your ceiling fans to circulate warm air downward.
15. Check Your Generator:
• If you have a generator, ensure it’s in good working order and has enough fuel.
Remember that the specific steps you need to take may vary depending on your location and the type of home you have. It’s always a good idea to consult with professionals for tasks that require expertise, such as heating system inspections and chimney cleaning.
November Events – Mark Your Calendars
Home Inspector Tips for Sellers and Buyers
Home Inspector Tips for Sellers
1. Move your pets.
Pets underfoot can make the inspector’s job more difficult. With pets out of the way, the inspector doesn’t have to worry about losing a cat or dog as they move in and out.
2. Clean
Declutter and clean. This may be the first time a buyer is in the house for an extended period of time and it’s a good time to make a good 2nd impression.
Home Inspector Tips for Buyers
1. There will be problems
An inspector’s job is to judge a house fairly but not every issue is critical.
2. Almost anything can be fixed
Everything is upgradable, fixable or replaceable. You need to have a list of what those things are.
3. One thing to worry about is water
Note any issues such as puddles and leaks, address any water-related issues before closing.
4. Home inspectors aren’t fortune tellers
Inspectors can’t tell you how long something will last. They can only tell you if something is in good shape.
5. Find the balance
Weighing the balance between your love for a home and the costs of repairs may make things difficult. Take your time and consider the investment you are about to make.
BRRRR?!
BRRRR, which stands for Buy, Rehab, Rent, Refinance, Repeat, is a popular method for real estate investors to build a portfolio of income-generating properties while also benefiting from long-term equity growth. Here’s a breakdown of each step:
Buy: Investors start by purchasing a distressed or undervalued property typically at a lower cost. The goal is to acquire the property at a price that allows for potential improvements and still makes financial sense.
Rehab: After acquiring the property, investors invest in renovating or rehabilitating it. This includes making necessary repairs and upgrades to improve the property’s condition and, consequently, its value.
Rent: Once the property is in good condition, it’s rented out to generate a steady stream of rental income. The rental income helps cover ongoing expenses like mortgage payments, property management, and maintenance costs.
Refinance: With the property improved and generating rental income, the investor can then refinance the property to pull out a portion of the increased equity. This is typically done through a cash-out refinance loan. By refinancing, the investor can access the accumulated equity in the property in the form of cash.
Repeat: After refinancing and extracting cash, the investor can use that cash to purchase another property or reinvest in the existing property, thus starting the BRRRR cycle again. This strategy allows investors to leverage the equity they’ve built up to acquire additional properties over time.
The key benefits of the BRRRR strategy include building a rental property portfolio, potentially achieving significant appreciation in property values, and recycling capital to continue expanding the investment portfolio. However, it’s important to conduct thorough research, due diligence, and financial analysis for each property to ensure it meets the investment goals and expectations.
Additionally, the BRRRR strategy may involve some risks, such as overleveraging, property market fluctuations, and renovation or construction challenges. It’s crucial for investors to have a clear investment plan, access to financing, and a good understanding of the local real estate market to make informed decisions when implementing the BRRRR strategy.