Posts Tagged ‘Arizona short-term rentals’
Short-term rentals changing Sedona in long term
Question: Twenty years ago, we retired and paid $188,000 for a small home in Sedona within walking distance of Oak Creek. Although Sedona was a busy tourist town during the summer, the rest of the year it was just a wonderful place to live. Everybody knew most everybody else, and the occasional snowstorm was always fun.…
Read MoreBuyer Allowed to Cancel the Purchase Contract if Short-Term Rental Next Door
In your recent column you talked about a buyer under the standard AAR Purchase Contract cancelling the purchase of a Glendale home the day before close of escrow. The buyer’s reason was that the home next door had just been sold that day to an investor to be a short-term rental (“STR”). We lived next…
Read MoreIf the Buyer Learns that a Neighboring Home is a Short-Term Rental Home, the Buyer Can Get Earnest Money Back
Question: In a recent column you said that if a seller and a buyer have a dispute about the validity of the sale of a home, the standard Arizona Association of Realtors purchase contract (“AAR Contract”) requires mediation before a seller or buyer files a lawsuit. We bought a home in Phoenix that we loved,…
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