12502 W. Paintbrush Dr. Sun City West, AZ 85375
WIRE FRAUD ADVISORY Criminals are targeting social media and email to steal information. This is particularly common in real estate transactions because sensitive data, including social security numbers, bank account numbers, and wire instructions are often sent by electronic means. We do not want you to be the next victim of wire fraud. Money wired to a fraudulent account is stolen money that typically cannot be recovered. Additionally, there is generally no insurance for this loss. You may never get the money back.
PROTECT YOURSELF
DO NOT TRUST EMAILS CONTAINING WIRE INSTRUCTIONS • If you receive an email containing wire transfer instructions, immediately call your escrow officer to ensure the validity of the instructions. DO NOT TRUST EMAILS SEEKING PERSONAL/FINANCIAL INFORMATION • If you receive an email requesting personal/financial information or asking you to download, click on a link, send, and/or do anything that may seem unusual to you, call your escrow officer immediately prior to acting on the suspicious email to verify the validity of the email. TRUST YOUR SOURCE OF INFORMATION • Never direct, accept or allow anyone in the transaction to consent to receiving transfer instructions without a direct personal telephone call to the individual allegedly providing the instructions. • It is imperative that this call be made to a number obtained in person from the individual or through other reliable means, not from a number provided in the email or the wiring instructions.
ONLINE RESOURCES: There are many online sources that can provide useful information regarding similar topics including, but not limited to, the following sites: The Federal Bureau of Investigation @ https://www.fbi.gov/scams-and-safety The Internet Crime Complaint Center @ www.ic3.gov The National White Collar Crime Center @ http://www.nw3c.org/research On Guard Online @ www.onguardonline.gov
VERIFY AND NOTIFY
Before you wire funds to any party (including your lawyer, title agent, mortgage broker, or real estate agent) personally meet them or call a verified telephone number (not the telephone number in the email) to confirm before you act! Immediately notify your banking institution and Settlement/Title Company if you are a victim of wire fraud.
The undersigned acknowledges receipt of this Wire Fraud Advisory.
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ADDRESS
12502 W PAINTBRUSH DR SUN CITY WEST, AZ 85375 APN 232-10-883
Property Detail Report 12502 W Paintbrush Dr, Sun City West, AZ 85375-3325 Maricopa County Data as of: 05/18/2021
APN: 232-10-883
Owner Information Owner Name: Vesting: Mailing Address:
Gliot Ronald H / Shirley D TR 14630 W Ravenswood Dr, Sun City West, AZ 85375-5632
Occupancy:
Absentee Owner
Sun City West Unit 17 Mcr 210-5 232-10-883 Alternate APN: Twnshp-Rng-Sec: Sun City West Unit 17 Tract #: Sun City West School District: Middle School: 33.66622 Longitude:
County: Census Tract / Block: Legal Lot / Block: Legal Book / Page:
Maricopa, AZ 040514 / 2014 650 / 210 / 05
Location Information Legal Description: APN: Munic / Twnshp: Subdivision: Neighborhood: Elementary School: Latitude:
4N-1W-26
High School: -112.33526
Last Transfer / Conveyance - Current Owner Transfer / Rec Date: Buyer Name:
04/26/1999 / 04/27/1999 Gliot Trust
Price: Seller Name:
Transfer Doc #: Gliot, Ronald H & Shirley Deed Type: D
1999.396302 Quitclaim
Last Market Sale Sale / Rec Date: Multi / Split Sale: 1st Mtg Amt / Type: 2nd Mtg Amt / Type: Seller Name: Lender:
Sale Price / Type: Price / Sq. Ft.: 1st Mtg Rate / Type: 2nd Mtg Rate / Type:
Deed Type: New Construction: 1st Mtg Doc #: Sale Doc #:
N/A N/A
Title Company:
Prior Sale Information Sale / Rec Date: 1st Mtg Amt / Type: Prior Lender:
Sale Price / Type: 1st Mtg Rate / Type:
Prior Deed Type: Prior Sale Doc #:
N/A
Property Characteristics Gross Living Area: Living Area: Total Adj. Area: Above Grade: Basement Area: Style: Foundation: Quality: Condition:
1,122 Sq. Ft. 1,122 Sq. Ft. 1,122 Sq. Ft.
Average Average
Total Rooms: Bedrooms: Baths (F / H): Pool: Fireplace: Cooling: Heating: Exterior Wall: Construction Type:
4
Year Built / Eff: Stories: Parking Type: Garage #: Garage Area: Porch Type: Patio Type: Roof Type: Roof Material:
1983 1 Garage 2
Lot Area: Lot Width / Depth: Usable Lot:
11,730 Sq. Ft.
Zoning: # of Buildings: Res / Comm Units:
R-7 1 1/
Acres: Flood Map #: Flood Panel #:
0.269 04013C1240L 1240L
Water / Sewer Type: Flood Map Date: Inside SFHA:
10/16/2013 False
Assessed Value: Land Value: Improvement Value: Improved %: Delinquent Year:
$13,960 $2,790 $11,170 80.01%
Market Total Value: Market Land Value: Market Imprv Value: Market Imprv %:
$139,600 $27,900 $111,700 80.01%
2/
Refrigeration Forced Air Wood Frame Frame
Covered Slab Covered Patio Asphalt Shingle
Site Information Land Use: State Use: County Use: Site Influence: Flood Zone Code: Community Name:
SFR 0131 - Single F... 0131 - Single Family Residence X Maricopa County
Tax Information Assessed Year: Tax Year: Tax Area: Property Tax: Exemption:
2020 2020 880007 $973.36
© 2021 DATA TRACE INFORMATION SERVICES LLC AND/OR ITS AFFILIATES. ALL RIGHTS RESERVED.
PAGE 1 OF 1
Sales Comparables 12502 W Paintbrush Dr, Sun City West, AZ 85375-3325 Maricopa County Data as of: 05/18/2021
APN: 232-10-883
Subject Property 12502 W Paintbrush Dr, Sun City West, AZ 85375-3325 Sale Price / Type: Sale / Rec Date: Year Built / Eff: Assessed Value: Land Use: Owner Name: Mailing Address: County: APN: Subdivision: Census Tct / Blk: 1st Mtg / Type: Res / Comm Units:
$59,400 / / 01/04/1984 1983 / Lot Area: $139,600 Living Area: SFR Pool: Gliot Ronald H / Shirley D TR 14630 W Ravenswood Dr, Sun City West, AZ 85375-5632 Maricopa Zoning: 232-10-883 Acres: Sun City West Unit 17 Cooling: 040514 / 2014 Fireplace: Parking Type: 1/ Flood Zone Code:
11,730 Sq. Ft. 1,122 Sq. Ft.
Bedrooms: Baths (F / H): Total Rooms:
R-7 0.27 Refrigeration
Stories: 1 Roof Material: Asphalt Shingle Prior Sale Price: Prior Sale Date: Prior Rec Date: Prior Sale Doc #:
Garage X
0 2/0 4
Search Criteria # Months Back: Living Area Difference:
6 15.0 + / -
Distance From Subject: Land Use:
0.5 mi Same As Subject
6 Comparable Properties Found COMPARABLE PROPERTY SUMMARY Subject Price $59,400 Living Area 1,122 Price / Sq. Ft. $53 Bedrooms Baths 2 Lot Area 11,730 Sq. Ft. Stories 1 Year Built 1983 Distance
Low
Averag e
Hig h
$100,000
$211,584
$260,000
1,122
1,141
1,122
$89
$185
$232
0
0
0
2
2
2
8,700 Sq. Ft.
8,817 Sq. Ft.
9,200 Sq. Ft.
1
1
1
1979
1982
1983
0.24 mi
0.33 mi
0.49 mi
© 2021 DATA TRACE INFORMATION SERVICES LLC AND/OR ITS AFFILIATES. ALL RIGHTS RESERVED.
PAGE 1 OF 4
Sales Comparables 12502 W Paintbrush Dr, Sun City West, AZ 85375-3325 Maricopa County Data as of: 05/18/2021
APN: 232-10-883
3 2
4
1 6
5
Map data ©2021
Subject Property
Comparables
COMPARABLES #
MI
1
0.24
ST
Address
Sold
Sold For
Sq. Ft.
$ / Sq. Ft.
Bds / Bths
Lot Size
Ag e
1,160
$207
/2
8,700
42
11/25/2020 $225,000
1,158
$194
/2
8,800
38
03/15/2021 $100,000
1,122
$89
/2
8,800
38
09/09/2020 $216,000
1,122
$193
/2
9,200
38
01/12/2021 $228,000
1,160
$197
/2
8,700
42
03/08/2021 $260,000
1,122
$232
/2
8,700
38
12926 W Alleg ro Dr, Sun City West, AZ 85375- 02/23/2021 $240,501
Listed
Listed At
3214 2
0.26
12618 W Blue Bonnet Dr, Sun City West, AZ 85375-2516
3
0.29
12627 W Crystal Lake Dr, Sun City West, AZ 85375-2569
4
0.30
12812 W Meeker Blvd, Sun City West, AZ 85375-3801
5
0.41
12906 W Flag stone Dr, Sun City West, AZ 85375-3222
6
0.49
12507 W Bonanza Dr, Sun City West, AZ 85375-4237
L: Listed
R: REO
RS: REO Sale
SS: Short Sale
D: Default
A: Auction
© 2021 DATA TRACE INFORMATION SERVICES LLC AND/OR ITS AFFILIATES. ALL RIGHTS RESERVED.
PAGE 2 OF 4
Comp #1 - 0.24 Miles From Subject 12926 W Allegro Dr, Sun City West, AZ 85375-3214 Sale Price / Type: Sale / Rec Date: Year Built / Eff: Assessed Value: Land Use: Owner Name: Mailing Address: County: APN: Subdivision: Census Tct / Blk: 1st Mtg / Type: Res / Comm Units:
$240,501 / Confirmed 02/23/2021 / 03/02/2021 1979 / $137,800 SFR Daniel W Searcy 12926 W Allegro Dr, Sun City West, AZ 85375-3214 Maricopa 232-05-198 Sun City West Unit 6 040506 / 2023 $192,400 / 1/
Lot Area: Living Area: Pool:
8,700 Sq. Ft. 1,160 Sq. Ft.
Bedrooms: Baths (F / H): Total Rooms:
0 2/0 4
Zoning: Acres: Cooling: Fireplace: Parking Type: Flood Zone Code:
R-7 0.20 Refrigeration
Stories: Roof Material: Prior Sale Price: Prior Sale Date: Prior Rec Date: Prior Sale Doc #:
1 Asphalt Shingle $168,000 10/16/2017 10/18/2017 2017.771746
8,800 Sq. Ft. 1,158 Sq. Ft.
Bedrooms: Baths (F / H): Total Rooms:
0 2/0 4
R-7 0.20 Refrigeration
Stories: Roof Material: Prior Sale Price: Prior Sale Date: Prior Rec Date: Prior Sale Doc #:
1 Asphalt Shingle $178,000 03/29/2008 04/03/2008 2008.296270
0 2/0 4
Garage X
Comp #2 - 0.26 Miles From Subject 12618 W Blue Bonnet Dr, Sun City West, AZ 85375-2516 Sale Price / Type: Sale / Rec Date: Year Built / Eff: Assessed Value: Land Use: Owner Name: Mailing Address: County: APN: Subdivision: Census Tct / Blk: 1st Mtg / Type: Res / Comm Units:
$225,000 / Confirmed 11/25/2020 / 12/18/2020 1983 / Lot Area: $135,800 Living Area: SFR Pool: Gary Ussel 12618 W Blue Bonnet Dr, Sun City West, AZ 85375-2516 Maricopa Zoning: 232-10-726 Acres: Sun City West Unit 17 Cooling: 040514 / 2009 Fireplace: $202,500 / Parking Type: 1/ Flood Zone Code:
Garage X
Comp #3 - 0.29 Miles From Subject 12627 W Crystal Lake Dr, Sun City West, AZ 85375-2569 Sale Price / Type: Sale / Rec Date: Year Built / Eff: Assessed Value: Land Use: Owner Name: Mailing Address: County: APN: Subdivision: Census Tct / Blk: 1st Mtg / Type: Res / Comm Units:
$100,000 / Confirmed 03/15/2021 / 03/25/2021 1983 / $137,200 SFR Tara S Wcklund 743 Sumner St, Longmont, CO 80501-4834 Maricopa 232-10-737 Sun City West Unit 17 040514 / 2009 $0 / 1/
Lot Area: Living Area: Pool:
8,800 Sq. Ft. 1,122 Sq. Ft.
Bedrooms: Baths (F / H): Total Rooms:
Zoning: Acres: Cooling: Fireplace: Parking Type: Flood Zone Code:
R-7 0.20 Refrigeration
Stories: 1 Roof Material: Asphalt Shingle Prior Sale Price: Prior Sale Date: Prior Rec Date: Prior Sale Doc #:
Garage X
© 2021 DATA TRACE INFORMATION SERVICES LLC AND/OR ITS AFFILIATES. ALL RIGHTS RESERVED.
PAGE 3 OF 4
Comp #4 - 0.30 Miles From Subject 12812 W Meeker Blvd, Sun City West, AZ 85375-3801 Sale Price / Type: Sale / Rec Date: Year Built / Eff: Assessed Value: Land Use: Owner Name: Mailing Address: County: APN: Subdivision: Census Tct / Blk: 1st Mtg / Type: Res / Comm Units:
$216,000 / Confirmed 09/09/2020 / 01/25/2021 1983 / Lot Area: $131,700 Living Area: SFR Pool: Joseph Bryant / Pauline Bryant 12812 W Meeker Blvd, Sun City West, AZ 85375-3801 Maricopa Zoning: 232-10-116 Acres: Sun City West Unit 18 Cooling: 040514 / 2019 Fireplace: $212,087 / Federal Housing Authority (Fha) Parking Type: 1/ Flood Zone Code:
9,200 Sq. Ft. 1,122 Sq. Ft.
Bedrooms: Baths (F / H): Total Rooms:
0 2/0 4
R-7 0.21 Refrigeration
Stories: Roof Material: Prior Sale Price: Prior Sale Date: Prior Rec Date: Prior Sale Doc #:
1 Asphalt Shingle $135,000 02/11/2009 03/04/2009 2009.189544
8,700 Sq. Ft. 1,160 Sq. Ft.
Bedrooms: Baths (F / H): Total Rooms:
0 2/0 4
R-7 0.20 Refrigeration
Stories: Roof Material: Prior Sale Price: Prior Sale Date: Prior Rec Date: Prior Sale Doc #:
1 Asphalt Shingle $135,000 11/23/2016 01/25/2017 2017.58552
8,700 Sq. Ft. 1,122 Sq. Ft.
Bedrooms: Baths (F / H): Total Rooms:
0 2/0 4
R-7 0.20 Refrigeration
Stories: Roof Material: Prior Sale Price: Prior Sale Date: Prior Rec Date: Prior Sale Doc #:
1 Asphalt Shingle $196,000 09/10/2019 10/01/2019 2019.778193
Garage X
Comp #5 - 0.41 Miles From Subject 12906 W Flagstone Dr, Sun City West, AZ 85375-3222 Sale Price / Type: Sale / Rec Date: Year Built / Eff: Assessed Value: Land Use: Owner Name: Mailing Address: County: APN: Subdivision: Census Tct / Blk: 1st Mtg / Type: Res / Comm Units:
$228,000 / Confirmed 01/12/2021 / 01/29/2021 1979 / Lot Area: $137,300 Living Area: SFR Pool: Adams, Kent D Trust 1754 Wollacott St, Redondo Beach, CA 90278-2836 Maricopa Zoning: 232-05-114 Acres: Sun City West Unit 6 Cooling: 040506 / 2020 Fireplace: $0 / Parking Type: 1/ Flood Zone Code:
Garage X
Comp #6 - 0.49 Miles From Subject 12507 W Bonanza Dr, Sun City West, AZ 85375-4237 Sale Price / Type: Sale / Rec Date: Year Built / Eff: Assessed Value: Land Use: Owner Name: Mailing Address: County: APN: Subdivision: Census Tct / Blk: 1st Mtg / Type: Res / Comm Units:
$260,000 / Confirmed 03/08/2021 / 03/15/2021 1983 / Lot Area: $136,100 Living Area: SFR Pool: Ronald C ST Clair / Cynthia A ST Clair 12507 W Bonanza Dr, Sun City West, AZ 85375-4237 Maricopa Zoning: 232-05-407 Acres: Sun City West Unit 12 Cooling: 040506 / 3005 Fireplace: $100,000 / Parking Type: 1/ Flood Zone Code:
Garage X
© 2021 DATA TRACE INFORMATION SERVICES LLC AND/OR ITS AFFILIATES. ALL RIGHTS RESERVED.
PAGE 4 OF 4
Neighbors Report 12502 W Paintbrush Dr, Sun City West, AZ 85375-3325 Maricopa County Data as of: 05/18/2021
APN: 232-10-883
16
12
7
4
14
13
3
1 15 5 2
19
11
8
6
10
17
18
9
20
Map data ©2021
Subject Property
Neighbors
Subject Property 12502 W Paintbrush Dr, Sun City West, AZ 85375-3325 Occupancy:
Absentee Owner
Owner Name: Gliot Ronald H / Shirley D TR Mailing Address: 14630 W Ravenswood Dr, Sun City West, AZ 85375-5632 APN: 232-10-883
Sale / Rec Date: / 01/04/1984 Sale Price / Type: $59,400 /
Year Built / Eff: Living Area: Lot Area: Bedrooms:
1983 / 1,122 Sq. Ft. 11,730 Sq. Ft.
Land Use:
Baths (F / H):
2/
SFR
Neighbor 1 - 0.02 Miles From Subject 12506 W Paintbrush Dr, Sun City West, AZ 85375-3325 Occupancy:
Absentee Owner
Owner Name: Welter Family Revocable Trust Mailing Address: 4006 46th St, Des Moines, IA 50310-2824 APN: 232-10-882
Year Built / Eff: Living Area: Sale / Rec Date: 05/07/2004 / 06/01/2004 Lot Area: Sale Price / Type: $122,000 / Confirmed Bedrooms: Land Use: SFR Baths (F / H):
© 2021 DATA TRACE INFORMATION SERVICES LLC AND/OR ITS AFFILIATES. ALL RIGHTS RESERVED.
1981 / 1,481 Sq. Ft. 9,690 Sq. Ft. 2/
PAGE 1 OF 5
Neighbor 2 - 0.02 Miles From Subject 12916 W Beardsley Rd, Sun City West, AZ 85375-3307 Occupancy:
Absentee Owner
Owner Name: Johnson Gary V / Johnson Diane L Mailing Address: 528 Kingston Pl, Fargo, ND 58126-1 APN: 232-10-920
Year Built / Eff: Living Area: Sale / Rec Date: 04/20/2017 / 04/26/2017 Lot Area: Sale Price / Type: $290,000 / Bedrooms: Land Use: SFR Baths (F / H):
1993 / 2,050 Sq. Ft. 10,400 Sq. Ft.
Year Built / Eff: Living Area: Sale / Rec Date: 03/16/2013 / 04/22/2013 Lot Area: Sale Price / Type: $182,750 / Bedrooms:
1993 / 1,653 Sq. Ft. 11,800 Sq. Ft.
Land Use:
2/
3/1
Neighbor 3 - 0.03 Miles From Subject 12913 W Pontiac Dr, Sun City West, AZ 85375-3360 Occupancy:
Owner Occupied
Owner Name: Garrett William E / Garrett Marjorie M Mailing Address: 12913 W Pontiac Dr, Sun City West, AZ 853753360 APN: 232-10-913
SFR
Baths (F / H):
Neighbor 4 - 0.03 Miles From Subject 12510 W Paintbrush Dr, Sun City West, AZ 85375-3325 Occupancy:
Owner Occupied
Year Built / Eff: Living Area: Owner Name: Larry MacKelprang Sale / Rec Date: 07/12/2013 / 09/10/2013 Lot Area: Mailing Address: 12510 W Paintbrush Dr, Sun City West, AZ 85375- Sale Price / Type: $108,000 / Bedrooms: 3325 APN: 232-10-881 Land Use: SFR Baths (F / H):
1983 / 1,158 Sq. Ft. 8,800 Sq. Ft.
2/
Neighbor 5 - 0.03 Miles From Subject 13014 W Beardsley Rd, Sun City West, AZ 85375-3233 Occupancy:
Owner Occupied
Owner Name: Boyd, R F & K Fam Trust Mailing Address: 13014 W Beardsley Rd, Sun City West, AZ 853753233 APN: 232-10-243
Year Built / Eff: Living Area: Sale / Rec Date: 02/17/2000 / 02/18/2000 Lot Area: Sale Price / Type: $139,900 / Bedrooms:
1980 / 2,364 Sq. Ft. 10,715 Sq. Ft.
Land Use:
2/
SFR
Baths (F / H):
Neighbor 6 - 0.03 Miles From Subject 13007 W Beardsley Rd, Sun City West, AZ 85375-3253 Occupancy:
Owner Occupied
Owner Name: Christopher Schorr Mailing Address: 13007 W Beardsley Rd, Sun City West, AZ 853753253 APN: 232-02-020
Year Built / Eff: Living Area: Sale / Rec Date: 05/13/2002 / 05/14/2002 Lot Area: Sale Price / Type: $77,000 / Confirmed Bedrooms:
1979 / 1,948 Sq. Ft. 8,357 Sq. Ft.
Land Use:
2/
SFR
Baths (F / H):
Neighbor 7 - 0.04 Miles From Subject 19914 N 129th Ln, Sun City West, AZ 85375-3368 Occupancy:
Owner Occupied
Owner Name: Del E Lake / Mary L Lake Mailing Address: 19914 N 129th Ln, Sun City West, AZ 853753368 APN: 232-10-912
Year Built / Eff: Living Area: Sale / Rec Date: 07/08/2019 / 07/15/2019 Lot Area: Sale Price / Type: $275,000 / Confirmed Bedrooms:
1993 / 2,342 Sq. Ft. 8,700 Sq. Ft.
Land Use:
2/
SFR
Baths (F / H):
© 2021 DATA TRACE INFORMATION SERVICES LLC AND/OR ITS AFFILIATES. ALL RIGHTS RESERVED.
PAGE 2 OF 5
Neighbor 8 - 0.04 Miles From Subject 13011 W Beardsley Rd, Sun City West, AZ 85375-3253 Occupancy:
Owner Occupied
Owner Name: Paul, Ronald & Sharan Family Trust Mailing Address: 13011 W Beardsley Rd, Sun City West, AZ 853753253 APN: 232-02-019
Year Built / Eff: Living Area: Sale / Rec Date: 01/10/2012 / 01/19/2012 Lot Area: Sale Price / Type: $70,000 / Confirmed Bedrooms:
1979 / 1,160 Sq. Ft. 8,359 Sq. Ft.
Land Use:
2/
SFR
Baths (F / H):
Neighbor 9 - 0.04 Miles From Subject 13003 W Beardsley Rd, Sun City West, AZ 85375-3253 Occupancy:
Owner Occupied
Owner Name: Bryan Terry / Sheldon Rosemary Mailing Address: 13003 W Beardsley Rd, Sun City West, AZ 853753253 APN: 232-02-021
Year Built / Eff: Living Area: Sale / Rec Date: 04/01/2016 / 04/06/2016 Lot Area: Sale Price / Type: $160,000 / Bedrooms:
1979 / 1,456 Sq. Ft. 8,900 Sq. Ft.
Land Use:
Baths (F / H):
2/
Sale / Rec Date: / 02/24/1994 Sale Price / Type: $161,836 /
Year Built / Eff: Living Area: Lot Area: Bedrooms:
1993 / 1,825 Sq. Ft. 8,200 Sq. Ft.
Land Use:
Baths (F / H):
3/
SFR
Neighbor 10 - 0.04 Miles From Subject 12912 W Beardsley Rd, Sun City West, AZ 85375-3307 Occupancy:
Owner Occupied
Owner Name: Shaw Bonnie R TR Mailing Address: 12912 W Beardsley Rd, Sun City West, AZ 853753307 APN: 232-10-919
SFR
Neighbor 11 - 0.05 Miles From Subject 13015 W Beardsley Rd, Sun City West, AZ 85375-3253 Occupancy:
Owner Occupied
Owner Name: Bassi Leann Mailing Address: 13015 W Beardsley Rd, Sun City West, AZ 853753253 APN: 232-02-018
Year Built / Eff: Living Area: Sale / Rec Date: 06/07/2018 / 07/03/2018 Lot Area: Sale Price / Type: $209,000 / Confirmed Bedrooms:
1979 / 1,738 Sq. Ft. 9,661 Sq. Ft.
Land Use:
2/
SFR
Baths (F / H):
Neighbor 12 - 0.05 Miles From Subject 12514 W Paintbrush Dr, Sun City West, AZ 85375-3325 Occupancy:
Owner Occupied
Year Built / Eff: Living Area: Owner Name: Morgan Frank E / Morgan Lynda Sale / Rec Date: 01/07/2002 / 01/08/2002 Lot Area: Mailing Address: 12514 W Paintbrush Dr, Sun City West, AZ 85375- Sale Price / Type: $130,000 / Confirmed Bedrooms: 3325 APN: 232-10-880 Land Use: SFR Baths (F / H):
1983 / 1,460 Sq. Ft. 8,800 Sq. Ft.
2/
Neighbor 13 - 0.05 Miles From Subject 12909 W Pontiac Dr, Sun City West, AZ 85375-3360 Occupancy:
Owner Occupied
Owner Name: Schlabach Leland A / Schlabach Helen M Mailing Address: 12909 W Pontiac Dr, Sun City West, AZ 853753360 APN: 232-10-914
Year Built / Eff: Living Area: Sale / Rec Date: 08/17/2002 / 08/19/2002 Lot Area: Sale Price / Type: $150,000 / Confirmed Bedrooms:
1993 / 1,578 Sq. Ft. 8,359 Sq. Ft.
Land Use:
2/
SFR
Baths (F / H):
© 2021 DATA TRACE INFORMATION SERVICES LLC AND/OR ITS AFFILIATES. ALL RIGHTS RESERVED.
PAGE 3 OF 5
Neighbor 14 - 0.05 Miles From Subject 12511 W Paintbrush Dr, Sun City West, AZ 85375-3326 Occupancy:
Owner Occupied
Year Built / Eff: Living Area: Owner Name: Imholte Mary Lou Sale / Rec Date: 10/31/1995 / 11/01/1995 Lot Area: Mailing Address: 12511 W Paintbrush Dr, Sun City West, AZ 85375- Sale Price / Type: $131,600 / Bedrooms: 3326 APN: 232-10-244 Land Use: SFR Baths (F / H):
1983 / 2,160 Sq. Ft. 12,480 Sq. Ft.
2/1
Neighbor 15 - 0.05 Miles From Subject 13018 W Beardsley Rd, Sun City West, AZ 85375-3233 Occupancy:
Owner Occupied
Owner Name: Walter Elizabeth G Mailing Address: 13018 W Beardsley Rd, Sun City West, AZ 853753233 APN: 232-10-242
Year Built / Eff: Living Area: Sale / Rec Date: 02/12/2013 / 02/15/2013 Lot Area: Sale Price / Type: $125,500 / Bedrooms:
1980 / 1,589 Sq. Ft. 9,639 Sq. Ft.
Land Use:
2/
SFR
Baths (F / H):
Neighbor 16 - 0.05 Miles From Subject 20000 N 129th Ln, Sun City West, AZ 85375-3362 Occupancy:
Owner Occupied
Owner Name: Petrick Terry A Mailing Address: 20000 N 129th Ln, Sun City West, AZ 853753362 APN: 232-10-911
Year Built / Eff: Living Area: Sale / Rec Date: 12/22/2014 / 01/02/2015 Lot Area: Sale Price / Type: $190,000 / Bedrooms:
1993 / 1,794 Sq. Ft. 7,700 Sq. Ft.
Land Use:
2/
SFR
Baths (F / H):
Neighbor 17 - 0.05 Miles From Subject 12908 W Beardsley Rd, Sun City West, AZ 85375-3307 Occupancy:
Owner Occupied
Owner Name: Hussey Family Trust Mailing Address: 12908 W Beardsley Rd, Sun City West, AZ 853753307 APN: 232-10-918
Year Built / Eff: Living Area: Sale / Rec Date: 07/28/2016 / 08/24/2016 Lot Area: Sale Price / Type: $236,500 / Bedrooms:
1994 / 1,578 Sq. Ft. 8,900 Sq. Ft.
Land Use:
2/
SFR
Baths (F / H):
Neighbor 18 - 0.06 Miles From Subject 19827 N 130th Ave, Sun City West, AZ 85375-3231 Occupancy:
Unknown
Owner Name: Dahl, Joel Trust Mailing Address: Po Box 12871, Marina Del Rey, CA 90295-3871 APN: 232-05-236
Year Built / Eff: Living Area: Sale / Rec Date: 06/11/2020 / 06/18/2020 Lot Area: Sale Price / Type: $245,000 / Confirmed Bedrooms: Land Use: SFR Baths (F / H):
1979 / 2,709 Sq. Ft. 9,523 Sq. Ft.
Year Built / Eff: Living Area: Sale / Rec Date: 05/05/2016 / 05/31/2016 Lot Area: Sale Price / Type: $152,900 / Bedrooms:
1979 / 2,044 Sq. Ft. 8,900 Sq. Ft.
Land Use:
2/
2/
Neighbor 19 - 0.06 Miles From Subject 13019 W Beardsley Rd, Sun City West, AZ 85375-3253 Occupancy:
Owner Occupied
Owner Name: Fenton Pia M Mailing Address: 13019 W Beardsley Rd, Sun City West, AZ 853753253 APN: 232-02-017
SFR
Baths (F / H):
© 2021 DATA TRACE INFORMATION SERVICES LLC AND/OR ITS AFFILIATES. ALL RIGHTS RESERVED.
PAGE 4 OF 5
Neighbor 20 - 0.06 Miles From Subject 13006 W La Terraza Dr, Sun City West, AZ 85375-3250 Occupancy:
Owner Occupied
Owner Name: Hendricks Daniel M / Jacqueline A TR Mailing Address: 13006 W La Terraza Dr, Sun City West, AZ 853753250 APN: 232-02-023
Year Built / Eff: Living Area: Sale / Rec Date: 02/23/2004 / 02/24/2004 Lot Area: Sale Price / Type: $132,000 / Confirmed Bedrooms:
1979 / 1,958 Sq. Ft. 8,204 Sq. Ft.
Land Use:
2/
SFR
Baths (F / H):
© 2021 DATA TRACE INFORMATION SERVICES LLC AND/OR ITS AFFILIATES. ALL RIGHTS RESERVED.
PAGE 5 OF 5
Disclaimer: 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. Estimated property values are: (i) based on available data; (ii) are not guaranteed or warranted; (iii) do not constitute an appraisal; and (iv) should not be relied upon in lieu of an appraisal. 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 the issuing party's prior written consent. The issuing party 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 the issuing party's 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 the issuing party would not have issued this report but for the limitation of liability described above. The issuing party makes no representation or warranty as to the legality or propriety of recipient's use of the information herein. School information is copyrighted and provided by GreatSchools.org.
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
Map data ©2021 Imagery ©2021 , Maxar Technologies, U.S. Geological Survey
Data Provided By: First American Title Ins Co
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.
© 2021 CoreLogic. All rights reserved
Local Business Attractions / Recreation Name
Address
Telephone
Distance (Miles)
Zen Wellness
12805 W Beardsley Rd Sun City West Az
(623) 537-9443
0.17
United Martial Arts
12805 W Beardsley Rd # 10 Sun City West Az
(623) 537-9443
0.17
Beardsley Recreation Center
12755 W Beardsley Rd Sun City West Az
(623) 544-6524
0.21
Voting At R H Johnson Recreation Center
12702 W Stardust Blvd Sun City West Az
(623) 695-1829
0.35
Health Care Services Name
Address
Telephone
Distance (Miles)
Linda Kelley
12580 W Beardsley Rd Sun City West Az
(602) 341-9122
0.25
Parasol Skin And Health
12914 W Blue Sky Dr Sun City West Az
(623) 215-8122
0.74
Kevin F. Brown, Do, Llc
21419 N Palm Desert Dr Sun City West (623) 200-2397 Az
0.94
Novi, Dr. Mary Jane
13307 W Paintbrush Dr Sun City West Az
0.97
(215) 287-2116
Organizations / Associations Name
Address
Telephone
Distance (Miles)
Church Of Christ Inc
12580 W Beardsley Rd Sun City West Az
(623) 214-3715
0.25
Christian Literature Incorporated
20231 N 124th Dr Sun City West Az
(602) 717-6316
0.39
Aglow Intl
13001 W Broken Arrow Dr Sun City West Az
(623) 240-0611
0.53
Our Lady Of Lourdes Roman Catholic Church
19002 N 128th Ave Sun City Az
(623) 546-2767
0.93
Shopping Name
The Cordts Company Llc
Address
13238 W Mesa Verde Dr Sun City West Az
Telephone
(623) 547-6261
Distance (Miles)
0.36
Customer Name : Chantel Cortez Customer Company Name : FIRST AMERICAN TITLE Prepared On : 06/04/2021 © 2021 CoreLogic. All rights reserved
Dynamite Sausages Llc
12603 W Bonanza Dr Sun City West Az
(623) 214-7820
0.45
Antol Enterprises
12907 W Blue Bonnet Dr Sun City West Az
(480) 586-8327
0.63
Douglass & Associates
18838 N Conquistador Dr Sun City West Az
(623) 214-3190
0.81
Customer Name : Chantel Cortez Customer Company Name : FIRST AMERICAN TITLE Prepared On : 06/04/2021 © 2021 CoreLogic. All rights reserved
Census Tract / block: 405.14 / 2 Year: 2018 Household Population
Population by Age
Count:
3,139
0 - 11
Estimate Current Year:
3,205
12 - 17
Estimate in 5 Years:
3,485
18 - 24
0%
Growth Last 5 Years:
6.79%
25 - 64
17.94%
Growth Last 10 Years:
-75.94%
65 - 74
36.16%
75+ Household Size
Household Income
Current Year:
1,862
0 - $25,000
13.69%
Average Current Year:
1.69
$25,000 - $35,000
16.65%
Estimate in 5 Years:
1,918
$35,000 - $50,000
17.02%
Growth Last 5 Years:
5.37%
$50,000 - $75,000
22.77%
Growth Last 10 Years:
-4.36%
$75,000 - $100,000
17.29%
Male Population:
43.58%
Above $100,000
12.57%
Female Population:
56.42%
Married People:
65.07%
Unmarried People:
34.93%
Average Household Income:
$52,076
Housing Median Mortgage Payments
Home Values
Under $300:
20.88%
Below $100,000:
1.96%
$300 - $799:
51.15%
$100,000 - $150,000:
17.3%
$800 - $1,999:
27.45%
$150,000 - $200,000:
34.08%
Over $2,000:
0.52%
$200,000 - $300,000:
34.72%
Median Home Value:
$194,400
$300,000 - $500,000:
10.38%
Unit Occupied Owner:
93.13%
Above $500,000:
1.56%
Median Mortgage:
$682
Customer Name : Chantel Cortez Customer Company Name : FIRST AMERICAN TITLE Prepared On : 06/04/2021 © 2021 CoreLogic. All rights reserved
Rent Payments
Year Built
Unit Occupied Renter:
6.87%
1999 - 2000
Median Gross Rent:
$1,266
1995 - 1998
Less Than $499
0%
1990 - 1994
$500 - $749
0%
1980 - 1989
77.97%
$750 - $999
0%
1970 - 1979
8.35%
$1000 and Over
100%
1900 - 1969
2.67%
Public Pre-Primary School:
0.32%
Not Enrolled in School:
99.08%
Private Pre-Primary School:
0%
Not A High School Graduate:
4.38%
Public School:
0.92%
Graduate Of High School:
20.23%
Private School:
0%
Attended Some College:
30.3%
Public College:
0.61%
College Graduate:
31%
Private College:
0%
Graduate Degree:
14.09%
34.83%
Private Worker:
64.04%
Government Worker:
5.39%
Self Employed Worker:
0%
Unpaid Family Worker:
19.1%
Education Enrollment
Workforce Occupation:
Manager/Prof: Technical: Sales:
37.08%
Administrative: Private House Hold: Service:
Farming: 26.07%
Protective Services:
0%
Skilled: Blue-Collar:
2.02%
Commute Time
Less Than 15 Min:
28.7%
15 min - 28 min:
39.51%
30 min - 57 min:
29.01%
Over 60 min:
2.78%
Customer Name : Chantel Cortez Customer Company Name : FIRST AMERICAN TITLE Prepared On : 06/04/2021 © 2021 CoreLogic. All rights reserved
+ FIRST AMERICAN TITLE, FC0, CCOR 06/04/2021 04:08PM RUSQ
MARICOPA, AZ
INVESTIGATIVE SEARCH RESULTS
PAGE 1 OF 1
SEARCH PARAMETERS PARCEL: PARCEL:
232-10-883 232-10-883
3
OWNER:
GLIOT RONALD H/SHIRLEY D TR
SITUS:
12502 W PAINTBRUSH DR SUN CITY WEST
MAIL:
14630 RAVENSWOOD DR
SUN CITY WEST, AZ 85375
PLAT:
210 - 5
LEGAL:
SUN CITY WEST UNIT 17 MCR 210-5
REC DATE 04/27/1999
LOT 650
CURRENT TAXES
INSTRUMENT 1999 396302
INFORMATION THROUGH 05/28/2021
LAND
IMPR
EXEMPT
RATE
AREA
SPECIAL DISTRICTS
PRIMARY
11,016
0
0
4.8056
880007
11574 13298
SECONDARY
2,790
11,170
0
4.0305
2020 TOTAL TAX BILLED
973.36
2020
TAX AMT
TAX DUE
INTEREST
DATE PAID
TOTAL DUE
FIRST HALF
486.68
0.00
0.00
09/28/2020
0.00
SECOND HALF 486.68
09/28/2020
0.00
0.00
0.00
TOTAL CURRENT TAXES DUE 06/21
0.00
07/21
0.00
RESIDENTIAL IMPROVEMENTS BLDG SQFT
1,122
YEAR BUILT
1983
NUMBER OF STORIES
EXTERIOR WALLS
1.0
NUMBER OF ROOMS
ROOF
NUMBER OF BATH FIXTURES PATIO (TYPE AND NUMBER)
COOLING
PHYSICAL CONDITION
UNCOVERED_AND_COVERED 2
GARAGE (TYPE AND NUMBER)
LAND USE
GARAGE 2
POOL SQ FT
LOT SIZE
HEATING
FRAME WOOD ASPHALT SHINGLE
CONSTRUCTION CLASS
6
REFRIGERATION
SCHOOL DISTRICT
R3 OTHER 01 31 11,730 SQ FT 880007
LAND FULL CASH VALUE
27,900
IMPR FULL CASH VALUE
111,700
SALES SALE DATE 01/04/1984
SALE AMOUNT 59,400
INSTRUMENT TYPE 1984 2895 JD
ADDITIONAL PROPERTY INFORMATION STANDARD LAND USE:
SFR
END SEARCH
SELLER NAME DEL E WEBB DEVELOPMENT CO
VALIDITY
Home Seller’s Guide
to the Title & Escrow Process in Arizona
Quick Reference
Table of
Contents
Your Escrow Number Your New Address City/State/Zip Real Estate Agent Name
Assistant
Company
Phone
03 Welcome
Address
Fax
04 Benefits of Using a REALTOR®
First American Title
02 Quick Reference
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
Escrow Officer
Escrow Assistant
Address
Phone
City/State/Zip
Fax
Insurance Previous Company
Phone
Previous Agent
Policy No.
New Company
Phone
New Agent
Policy No.
Home Warranty Company
Policy No.
14 Understanding Title Insurance
Utilities and Services
16 Consider This
Southwest Gas 1.877.860.6020 www.swgas.com
Dish Network 1.800.823.4929 www.dishnetwork.com
Verizon 1.877.300.4498 www.connecttoverizon.com
Cox 602.277.1000 www.cox.com
CenturyLink 800.366.8201 www.centurylink.com
Salt River Project 602.236.8888 www.srpnet.com
Direct TV 1.888.777.2454 www.directv.com
AT&T 1.800.222.0300 www.att.com
APS 602.371.7171 www.aps.com
17 Closing Your Escrow 18 Planning Your Move
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®:
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...
› U nderstands market conditions and has access to information not available to the average homeowner.
- have the knowledge, patience, and sales skills needed to sell your home?
› C an advertise effectively for the best results.
- k now how to determine your home’s current market value?
› K nows how to price your home realistically, to give you the highest price possible within your time frame. › I s experienced in creating demand for homes and how to show them to advantage. › K nows how to screen potential buyers and eliminate those who can’t qualify or are looking for bargain-basement prices.
- 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?
› K nows how to go toe-to-toe in negotiations.
- understand the various types of loans buyers may choose and the advantages and disadvantages for the seller?
› I s always “on-call,” answering the phone at all hours, and showing homes evenings and weekends.
- have arrangements with an escrow and title company, home warranty company, pest-control service and lender to assist you with the transaction?
› C an remain objective when presenting offers and counter-offers on your behalf. › Maintains errors-and-omissions insurance.
Are you...
› W ill listen to your needs, respect your opinions and allow you to make your own decisions.
- aware of conditions in the marketplace today that affect value and length of time to sell?
› C an help protect your rights, particularly important with the increasingly complicated real estate laws and regulations.
- concerned about having strangers walking through your home?
› I s 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!
- 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
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. ake sure the front steps are clear and hazard-free. Make sure the doorbell works M properly and has a pleasant sound.
PREPARING YOUR HOME FOR SALE
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. B righten the appearance inside by painting walls, cleaning windows and window coverings, and removing sunscreens. Repair leaky faucets and caulking in bathtubs and showers. R epair or replace loose knobs on doors and cabinets. If doors stick or squeak, fix them.
First impressions have a major impact on potential buyers. Try to imagine what potential buyers will see
Make sure toilet seats look new and are firmly attached. Repair or replace loud ventilating fans.
when they approach your house for the first time
Replace worn shower curtains.
and walk through each room. Ask your REALTOR® for advice; they know the marketplace and what helps a
R earrange furniture to make rooms appear larger. If possible, remove and/or store excess furniture, and avoid extension cords in plain view.
home sell. Here are some tips to present your home
Remove clutter throughout the house. Organize and clean out closets.
in a positive manner:
Clean household appliances and make sure they work properly. A ir conditioners/heaters, evaporative coolers, hot water heater should be clean, working and inspected if necessary. Replace filters. C heck 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.
AZ Sellers Guide | 6
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:
K eep everything clean. A messy or dirty home will cause prospective buyers to notice every flaw. C lear all clutter from counter tops. L et the light in. Raise shades, open blinds, pull back the curtains and turn on the lights. et rid of odors such as tobacco, pets, cooking, etc., but don’t overdo air fresheners G or potpourri. Fresh baked bread and cinnamon can make a positive impact. S end pets away or secure them away from the house, and be sure to clean up after them. Close the windows to eliminate street noise. I f possible you, your pets, and your children should be gone while your home is being shown. C lean trash cans and put them out of sight. I f 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. K eep 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. C heck that sink and tub are scrubbed and unstained. M ake beds with attractive spreads. Stash or throw out newspapers, magazines, junk mail.
AZ Sellers Guide | 7
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
THE SELLER
THE ESCROW OFFICER
THE LENDER
Chooses a Real Estate Agent
Chooses a Real Estate Agent
Upon receipt of order and earnest money deposit, orders title examination.
Gets pre-approval letter from Lender and provides to Real Estate Agent.
Accepts Buyer’s offer to purchase.
Accepts Buyer’s application and begins the qualification process. Provides Buyer with Loan Estimate.
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.
Orders any work for inspections and/or repairs to be done as required by the purchase agreement.
Schedules inspections and evaluates findings. Reviews title commitment/ preliminary report.
Escrow officer or real estate agent contacts the seller to schedule signing appointment.
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.
Documents are recorded and all proceeds from sale are received.
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!
AZ Sellers Guide | 10
Completes and returns opening package from First American Title, including information such as forwarding address, payoff lender contact information and loan numbers.
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.
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.
Closing Costs: Who Pays What THIS CHART INDICATES WHO CUSTOMARILY PAYS WHAT COSTS
CASH
FHA
VA
CONV
BUYER
BUYER
BUYER
BUYER
1.
Downpayment
2.
Termite (Wood Infestation) Inspection (negotiable except on VA)
3.
Property Inspection (if requested by buyer)
BUYER
BUYER
BUYER
BUYER
4.
Property Repairs, if any (negotiable)
SELLER
SELLER
SELLER
SELLER
5.
New Loan Origination Fee (negotiable)
BUYER
BUYER
BUYER
6.
Discount Points (negotiable)
BUYER
BUYER
BUYER
7.
Credit Report
BUYER
BUYER
BUYER
8.
Appraisal or Extension Fee (negotiable)
BUYER
BUYER
BUYER
9.
Existing Loan Payoff
SELLER
SELLER
SELLER
SELLER
10.
Existing Loan Payoff Demand
SELLER
SELLER
SELLER
SELLER
11.
Loan Prepayment Penalty (if any)
SELLER
SELLER
SELLER
SELLER
12.
Next Month’s PITI Payment
BUYER
BUYER
BUYER
13.
Prepaid Interest (approx. 30 days)
BUYER
BUYER
BUYER
14.
Reserve Account Balance (Credit seller / Charge buyer)
PRORATE
PRORATE
PRORATE
15.
FHA MIP, VA Funding Fee, PMI Premium
BUYER
BUYER
BUYER
16.
Assessments payoff or proration (sewer, paving, etc.)
17.
Taxes
PRORATE
PRORATE
PRORATE
18.
Tax Impounds
BUYER
BUYER
BUYER
19.
Tax Service Contract
SELLER
SELLER
BUYER
20.
Fire/Hazard Insurance
21.
Flood Insurance
22.
Homeowners Association (HOA) Transfer Fee
23.
HOA/Disclosure Fee
24.
Current HOA Payment
25.
Next Month’s HOA Payment
26.
Home Warranty Premium (negotiable)
27.
REALTORS®’ Commissions
28.
EAGLE Homeowners Title Policy
29.
Lenders Title Policy and Endorsements
30.
Escrow Fee (NOTE: Charge seller on VA Loan)
31.
Recording Fees (Flat rate)
32.
Reconveyance/Satisfaction Fee
33.
Courier/Express Mail Fees
SELLER
SELLER PRORATE
BUYER
BUYER
BUYER
BUYER
BUYER
BUYER
BUYER
BUYER or SELLER
BUYER or SELLER
BUYER or SELLER
BUYER or SELLER
SELLER
SELLER
SELLER
SELLER
PRORATE
PRORATE
PRORATE
PRORATE
BUYER
BUYER
BUYER
BUYER
BUYER or SELLER
BUYER or SELLER
BUYER or SELLER
BUYER or SELLER
SELLER
SELLER
SELLER
SELLER
SELLER
SELLER
SELLER
SELLER
BUYER
BUYER
BUYER
SPLIT
SPLIT
SELLER
SPLIT
SPLIT
SPLIT
SPLIT
SPLIT
SELLER
SELLER
SELLER
SPLIT
SPLIT
SPLIT
SELLER
SPLIT
Note: Prorated items will appear on Closing Statement as charges for one and credits for the other.
AZ Sellers Guide | 11
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.
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Your Escrow Professional May: O pen escrow and deposit good faith funds into an escrow account onduct a title search to determine the ownership and title status of the C real property eview the title commitment and begin the process of working with you R 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. oordinate with the buyer’s lender on the preparation of the Closing C Disclosure (CD) rorate fees, such as real property taxes, per the contract and prepare the P settlement statement et separate appointments allowing the buyer and seller to sign documents S and deposit funds eview documents and ensure all conditions are fulfilled and certain legal R requirements are met Request funds from buyer and buyer’s new lender hen all funds are deposited and conditions met, record documents with W the County Recorder to transfer the real property to the buyer fter recording is confirmed, close escrow and disburse funds, including A proceeds, loan payoffs, tax payments, and more Prepare and send final documents to all parties AZ Sellers Guide | 13
Understanding Title Insurance 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. AZ Sellers Guide | 14
The Title Industry & Title Insurance in Brief
WHAT IS TITLE INSUR ANCE? 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 INSUR ANCE 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.
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:
EAGLE
Compare First American’s Eagle Policy® for Owners
ALTA Standard or CLTA 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
c) a charge by a homeowner’s association
28
Compliance with Subdivision Map Act
7
Title is unmarketable
29
Coverage for boundary wall or fence encroachment*
8
Mechanics lien
30
9
Forced removal of a structure because it:
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
a) a deed of trust b) a judgement, tax, or special assessment
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
ALTA Standard or CLTA
EAGLE
* 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
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.
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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.
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 NEX T? 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.
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.
Discard unnecessary items. Moving is a great time for ridding yourself of unnecessary items. Have a yard sale or donate unnecessary items to charity.
Service automobiles. If automobiles will be driven long distances, you’ll want to have them serviced for a trouble-free drive.
Packing materials. Gather moving boxes and packing materials for your move.
Cancel services. Notify any remaining service providers (newspapers, lawn services, etc) of 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.
AZ Sellers Guide | 18
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.
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First American Title Branch Locator 10
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SIGNAL BUTTE
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1 SUN CITY WEST
5 A NTHEM
9 K IERLAND COMMONS
13 C HANDLER PORTICO
2 G OODYEAR
6 PHOENIX CAMELBACK
10 SCOTTSDALE FORUM
14 G ILBERT SAN TAN
7 D ESERT RIDGE
11 D C CROSSING
623.299.3644 | Fax 877.858.8099 13940 W Meeker Blvd, #119 Sun City West, AZ 85375 N of Meeker Blvd W of R.H. Johnson 623.936.8001 | Fax 866.764.4706 1626 N Litchfield Rd. Suite #170 Goodyear, AZ 85395 NW corner of McDowell & Litchfield
3 A RROWHEAD
623.487.0404 | Fax 866.764.4703 16165 N 83rd Ave, #100 Peoria, AZ 85382 S of Bell/E side of 83rd Ave
4 T HE LEGENDS
623.537.1608 | Fax 888.279.8559 20241 N 67th Ave, #A-2 Glendale, AZ 85308 E side 67th Ave/N of 101
623.551.3265 | Fax 866.764.4708 39508 N Daisy Mountain Dr, #128 Anthem, AZ 85086 NE corner Daisy Mtn Dr/ Gavilan Peak Pkwy 602.954.3644 | Fax 866.874.1067 2201 E Camelback Rd, #120B Phoenix, AZ 85016 SE corner of Camelback/22nd Street 480.515.4369 | Fax 866.303.1392 20860 N Tatum Blvd, #100 Phoenix, AZ 85050 NW corner of Tatum/Loop 101
8 C AREFREE
480.575.6609 | Fax 877.331.2252 7202 E Carefree Dr, Bldg 1, #1 Carefree, AZ 85377 NE corner of Tom Darlington/ Carefree Dr.
480.948.6488 | Fax 866.895.7958 14648 N Scottsdale Rd, Suite #100 Scottsdale, AZ 85254 W of Scottsdale Road, S side of Greenway 480.551.0480 | Fax 866.874.1064 6263 N Scottsdale Rd, #110 Scottsdale, AZ 85250 E Side Scottsdale/S of Lincoln 480.563.9034 | Fax 866.314.2283 18291 N Pima Rd, #145 Scottsdale, AZ 85255 SE corner of Pima/Legacy
12 A HWATUKEE
480.753.4424 | Fax 888.279.8546 4435 E Chandler Blvd, #100 Phoenix, AZ 85048 SW corner Chandler/45th St.
480.777.0051 | Fax 866.417.0638 2121 W Chandler Blvd., #215 Chandler, AZ 85224 SW Corner Chandler Blvd./ Dobson Rd.
17 G OLD CANYON
480.288.0883 | Fax 866.841.8917 6877 South Kings Ranch Rd, #5 Gold Canyon, AZ 85118 E of 60/ South Side Kings Ranch Rd.
480.777.0614 | Fax 888.279.8548 1528 E Williams Field Rd. #101 Gilbert, AZ 85295 NW corner of Williams Field Rd./ Val Vista Rd.
15 M ESA
480.833.5301 | Fax 888.279.8550 1630 S Stapley Dr, #123 Mesa, AZ 85204 N of Baseline / W of Stapley
16 R ED MOUNTAIN
480.534.3599 | Fax 888.889.7245 1135 N Recker Rd, #103 Mesa, AZ 85205 SE corner of Recker & Brown
AZ Sellers Guide | 19
For more information please contact your First American representative.
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