Tempe is best known for being home to Arizona State University. Also a part of Maricopa County, Tempe boasts many tourist attractions. Tempe Town Lakes, for example, was created as a part of the Rio Salado Project offering boating and fishing in an urban setting. Mill Avenue has also established its name as one of many Tempe attractions. It is one of the most interesting streets to meander, looking for that special restaurant, bar or boutique shop but especially during one of the many festivals hosted each year in Tempe and specifically by Mill Avenue businesses. The 2010 census has cited Tempe as one of the "youngest" cities in Arizona with a median age of 25.
Real Estate in Tempe
Student rental housing accounts for a large part of the residential market in Tempe. When ASU's enrollment increases, so does the price of available homes. Currently ASU's enrollment has declined leaving opportunity to purchase investment properties in the north where the students tend to reside in multi-family properties. Single-Family homes are also available for sale in the south where most families tend to live. The business climate in Tempe has slowed a bit and office space has reached a record high vacancy. Part of that is due to the completions of commercial projects that have just hit the market. Lease rates have declined giving hope that Tempe will become a more desirable location for new and expanding businesses.
What Can a Real Estate Attorney Do For Me?
Whether commercial or residential, the process of buying, selling, and leasing are contract driven. The time and consideration placed in advance to entering into an agreement is the best protection for any property interest. It is quite overwhelming when considering the many potential problems one could face while buying, owning, or selling a piece of property. Anything from property disputes including: adverse possession; easements; quiet title actions; property line disputes; and deficiency claims to name a few. Also to consider are transaction disputes like: 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 is a popular reason to employ an attorney. Really, 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 Tempe Real Estate Lawyers at Platt & Westby, P.C., have been working for 40 years on behalf of those who find themselves in need of Real Estate services and will guide 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. With convenient valley locations in Goodyear, Glendale and Gilbert, there is a location best suited for you. Call 602-277-4441 today for a free and confidential appointment to discuss your future plans.