If you're having trouble selling your home in the current housing slump, it might make more sense to lease it instead. Doing so could turn your property into a rent machine and open up extra tax breaks. Plus, it would buy time until market conditions improve.
PHOENIX – Arizona Department of Environmental Quality (ADEQ) Director Steve Owens announced today that ADEQ has launched an innovative initiative to help schools across Arizona clean up contamination from leaking underground storage tanks (USTs) on school property and prevent future leaks from USTs.
Termites, proximity to landfills, criminal activity and even the possibility of ghosts can spell doom for a real-estate sale. Those problems present their share of hazards for real-estate agents as well, said Craig Runyon, an instructor at the Brodsky School of Real Estate.
The city of Safford could see the beginning construction of one of the largest commerce parks ever built in the Gila Valley during the second quarter of 2008. Situated on 28 acres that is now in escrow, the park will include two, two-story institutional buildings with underground parking, five office complexes, a restaurant, daycare facility and a bank.
Property owners would see tax breaks while Arizona cities, school districts and other taxing entities would face limits on the amount of money they raised if a ballot measure filed Tuesday won voter approval next year.
Zillow.com, the popular real estate Web site, is in the clear for offering its home-value estimates in Arizona. Earlier this week, Gov. Janet Napolitano signed into law Senate Bill 1291, with an amendment that allows Zillow to operate in the state.