Scottsdale is a part of the “Valley of the Sun.” Nestled within the Salt River Valley just bordering Phoenix and Paradise Valley, this southwestern city makes up a portion of Maricopa County. With a population of over 217,385 residents, Scottsdale’s year-round warm weather and sunshine accounts for its large tourism appeal. In fact, Scottsdale was voted the third city in the nation with the most AAA Five-Diamond resorts, only after New York and Las Vegas. While hospitality and tourism make up the bulk of the economic base, there are also several corporate headquarters that call Scottsdale home including: Scottsdale Healthcare, Vanguard, Motorola, Taser International and Mayo Clinic.
Real Estate in Scottsdale
Scottsdale is known for its upscale housing and shopping, making it a hot spot for real estate needs. Currently, in the residential market, buyers are competing for a very limited inventory of homes available because the housing inventory has dropped by over 50% in the last two years! This is a great change from just a few years ago after the real estate market crashed and homes were available in every neighborhood being sold for far less than their appraised value. Today many buyers are coming to the table with cash offers and willing to spend over the asking price. This is great news for Scottsdale’s economic climate and of course real estate transactions. As for the commercial market, land in Scottsdale is not as readily available as it was in the past. Again, during the boom, land was purchased and built on at rapid rates. However, after many businesses were forced to close their doors when the market crashed, there has been an inventory of empty office buildings around the city. Many commercial opportunities have been seen in the form of mergers, and downsizing space.
What Can a Real Estate Attorney Do For Me?
Whether commercial or residential, the process of buying, selling, leasing, and the like are contract driven. With internet access today, many individuals believe they can become real estate savvy with just a few clicks of the mouse. What some people fail to realize, is that every real estate transaction is personalized to that particular piece of property. As with anything unique, the time and consideration placed in advance of entering into an agreement is the best protection for your property interests. It is quite overwhelming when considering the many potential problems one could face while buying, owning, or selling a piece of property. There are possible property disputes including: adverse possession; easements; quiet title actions; property line disputes; and deficiency claims to name a few. Other problem areas such as: negotiation of the purchase contract; the interpretation and enforcement of contracts, covenants, and security instruments; title disputes; options to sell or lease; specific performance. Commercial transactions come with their own set of variables including but not limited to: buying and selling of buildings; land development issues; purchase and sale agreements; option agreements; leases and subleases; lease purchase transactions; title issues; project financing and lease modifications.
As you can see, with so many moving parts it is no wonder Real Estate Litigation is a popular reason to employ an attorney. In addition, Arizona Realtors are only mandated to have a GED and no higher education. Not to say one cannot become well versed in real estate through experience, but one has to ask what the level of commitment to the client a realtor has if there has never been a commitment to education and preparing themselves to guide their clients through the process. Employing an attorney is the only means of ensuring your real estate transaction is set up correctly within the parameters of the law, and providing you the best means of ownership interest.
That is why choosing an experienced, caring and knowledgeable attorney is one of the most important decisions you can make. The Scottsdale Real Estate Lawyers at Platt & Westby, P.C., combine their nearly 40 years of experience to work on behalf of those who find themselves in need of Real Estate services and will walk you through this process step by step. Platt & Westby, P.C., takes pride in their clients and will set you up for future financial success.
Platt & Westby, P.C. is located in the heart of Phoenix at the corner of 7th Avenue and Thomas Road. There are also convenient valley locations in Goodyear, Glendale and Gilbert. Call 602-277-4441 today for a free and confidential appointment to discuss your future plans.