Reasons to buy a home in Scottsdale: #1

Scottsdale’s Friendly Community

What’s the one thing that almost every Arizonan has in common?  They are not from Arizona!  The Valley of the Sun is a (nearly literal) melting pot of people from around the country and around the globe.  Whether for a job, health, the climate, or just a change of scenery, people have flocked to the Valley for the last several decades.   As this burgeoning city grows and matures, we will certainly begin to see the culture develop into a life of its own!  Scottsdale is full of dynamic personalities, friendly faces, and blossoming new friendships.  Recommended Scottsdale Family Communities: Desert Mountain, McDoweel Mountain Ranch, Buenavante, 85254

Reason #1, Reason #2, Reason #3, Reason #4, Reason #5,

Reason #6, Reason #7, Reason #8, Reason #9, Reason #10

Reasons to buy a home in Scottsdale: #2

Scottsdale’s Proximity to Phoenix

Phoenix, as a city, was designed for efficiency.  Credit the city’s modernity, forward thinking founders, or just chance…any way you slice it, there is no city in the world that is so expansive, yet so easy to navigate and so convenient.  Scottsdale, being the most desirable suburb of Phoenix is absolutely perfectly positioned for both convenience and seclusion.  In just a few minutes, one can easily travel from their home in Scottsdale to almost any section of Phoenix.  Eat your heart out, Los Angeles!  Recommended Convenient Scottsdale Communities: Buenavante, Sweetwater Ranch, Scottsdsale Ranch, McDowell Mountain Ranch

Reason #1Reason #2Reason #3Reason #4Reason #5,

Reason #6Reason #7Reason #8, Reason #9Reason #10

Reasons to buy a home in Scottsdale: #3

Scottsdale Shopping

The shopping in Scottsdale is truly world class.  When it comes to shopping, you will only be limited by your imagination and your pocket book!

1st stop: Scottsdale Fashion Square – with all of its glitz and glamour, this is shopping at its finest.  You will find everything from the big department stores such as Nordstrom and Macy’s, to high-end boutiques and everything in between.

2nd Stop: The Borgata – featuring small-scale, high-end shops with all of the charm you could ask for.  While at The Borgata, be sure to visit The Shops and Hilton Village.  You will find a one of a kind shopping experience along with delicious eateries and plenty of places to pamper yourself.

3rd Stop: Kierland Commons – If you still haven’t found what you’re looking for, head north to Kierland Commons, a unique and tasteful outdoor urban shopping experience.   This high-energy sidewalk shopping environment will certainly be the perfect ending to your magical day of shopping.  Recommended Scottsdale Shopping Communities: Kierland, Gainey Ranch, McCormick Ranch, Windsong

Reason #1Reason #2Reason #3Reason #4Reason #5,

Reason #6Reason #7Reason #8, Reason #9Reason #10

Reasons to buy a home in Scottsdale: #4

Scottsdale Resort Amenities

Scottsdale boasts some of the finest resorts in the world.  Luxurious getaway destinations include The Phoenician, Xona Resort, Boulders, Hyatt Regency Gainey Ranch, and The Scottsdale Resort (just to name a few).  Along with these high-end resorts come world class amenities.  Spas, fine dining, music, golf, relaxation, sparkling pools with cabanas, gondola rides…the list goes on and on.  Locals also take advantage of these amenities.  Many of the resorts offer discounts for Scottsdale residents to come and use their spas and other facilities.  It’s like living at a resort!  Recommended Scottsdale Resort Communities: The Boulders, Desert Mountain, Artesia, Legend Trail, The Reserve

Reason #1Reason #2Reason #3Reason #4Reason #5,

Reason #6Reason #7Reason #8, Reason #9Reason #10

Reasons to buy a home in Scottsdale: #5

Scottsdale City Management

Known as “the best run city in the world,” Scottsdale maintains a sense of safety, security and cleanliness unmatched in Arizona.  Scottsdale City Managers have taken great care to maintain the features and virtues that have made this city great.  Billboards and other advertising eye-sores are not allowed in city limits.  Development must adhere to strict guidelines in order to insure that Scottsdale residents will be able to enjoy this fantastic city for years to come.  HOAs also do their part to maintain the highest standards in Scottsdale communities.  Recommended Scottsdale HOA Communities: The Trails, Ancala, Desert Mountain, Pinnacle Peak

Reason #1Reason #2Reason #3Reason #4Reason #5,

Reason #6Reason #7Reason #8, Reason #9Reason #10

Reasons to buy a home in Scottsdale: #6

Scottsdale Golf

Scottsdale is world-renowned for its fantastic golfing.  Locals like PGA legend, Phil Mickelson have helped to turn Scottsdale into Golfdale.  With more than 25 public golf courses and dozens more private ones, there are enough links for everyone.  Vacationers travel to Scottsdale for their amazing resorts, shopping, relaxation, and GOLF.  It’s not uncommon to spot a celebrity like Alice Cooper or Michael Jordan playing at one of the local courses.  It’s no wonders why the Phoenix Open has become the single largest golf event in the world!  Recommended Scottsdale Golf Communities: Wildfire, Whisper Rock, Troon Village, Desert Highlands, Estancia

Reason #1Reason #2Reason #3Reason #4Reason #5,

Reason #6Reason #7Reason #8, Reason #9Reason #10

Reasons to buy a home in Scottsdale: #7

Scottsdale Nightlife

Scottsdale’s nightlife is unmatched in Arizona.  Old Town Scottsdale is a nightlife mecca for visitors and residents alike.  Featuring world class restaurants, trendy bars, and fabulous night clubs, Old Town is a one stop shop for a good time.  For those who still want to get out and have fun, but want to keep it low key, there are plenty of hidden gems throughout Scottsdale.  Authentic, western themed hot spots like Greasewood Flats and Pinnacle Peak Patio can be found in Scottsdale along with chic and modern spots like Kierland.  There’s something for everyone here!  Recommended Scottsdale Nightlife Communities: Kierland, Old Town Scottsdale, Woodleaf, Pinnacle Peak Estates

Reason #1Reason #2Reason #3Reason #4Reason #5,

Reason #6Reason #7Reason #8, Reason #9Reason #10

Reasons to buy a home in Scottsdale: #8

Scottsdale Property Values

I’ve heard it said that Scottsdale real estate is the safest investment in town.  Even in economically uncertain times, Scottsdale remains one of the most desirable places to live.   All of the individual attributes that make Scottsdale so unique also keep property values at a premium.   Recommended Property Value Communities: 85254, DC Ranch, Scottsdale Horizons

Reasons to buy a home in Scottsdale: #9

Scottsdale’s Man-Made Beauty

Early on in Scottsdale’s history, residents knew what a gem this city was.  There was something almost magical that made this city special.  In the spirit of the West, they developed the land and replaced dirt with grass, cactus with trees, and deserts with lakes.   High-end Master Planned Communities and world-class golf courses began to pop up in this picturesque city.  Southwestern architecture took precedence and the man-made beauty abounded even more.  Recommended Scottsdale Lake Communities: Gainey Ranch, McCormick Ranch, Scottsdale Ranch

Reason #1Reason #2Reason #3Reason #4Reason #5,

Reason #6Reason #7Reason #8, Reason #9Reason #10

Reasons to buy a home in Scottsdale: #10

Scottsdale’s Natural Beauty

From the Boulders in Carefree to the McDowell Mountains to the vast Sonoran Desert, Scottsdale is full of natural beauty.  Residents covet the breathtaking mountain views that accompany many of the high end homes in Scottsdale.  Because much of Scottsdale is higher in elevation the rest of the Valley, it is not uncommon to find a home with one view looking up at the McDowell Mountains and another view looking down at the Phoenix city lights. Recommended Scottsdale View Communities: Troon Village, The Boulders, Ancala, Desert Mountain, Pinnacle Peak Village, Grayhawk  

Reason #1Reason #2Reason #3Reason #4Reason #5,

Reason #6Reason #7Reason #8, Reason #9Reason #10

North Scottsdale Friday Focus – 85262

North Scottsdale Friday Focus – 85262

North Scottsdale’s 85262 zip code is home to some of the most prestigious communities in all of Arizona, which include:

  • Troon North
  • Estancia
  • Desert Mountain
  • Mirabel Club
  • Carefree Ranch
  • Pinnacle Canyon
  • Merit Crossing
  • Rio Verde
  • Legend Trail
  • Candlewood Estates

THIS is “North” Scottsdale! Higher elevations, gorgeous desert, city light, golf, and mountain views show off the beautiful Sonoran Desert. 85262 is one of those zips that many think (dream) about when you mention “north Scottsdale.” Just off the beaten path, it’s still close to amazing North Scottsdale shopping, dining and entertainment in Kierland, Scottsdale Quarter, and DC Ranch.

Desert Mountain, the amazing luxury golf mecca is home to some of Arizona’s most beautiful homes. Rio Verde is getting well known for large acre-plus homesites, rural living, amazing mountain / Four Peaks views, quiet and solitary living in a Covid-Post Covid era.

Troon’s name is all you have to say with nationally acclaimed golf and resort living in one of the desert’s most incredible settings.

Single Family Detached Home Pricing:

Current home prices start at $375,000 up to $19,500,000. The average list price is $2.46M. The average home sale price in the past 6 months is $1.37M. There are good home values under a Million, however, with a sale of one home at $299,000. There are 55 homes currently priced between $375,000 and $1,000,000.

Up to Date 85262 Real Estate as of October 23rd, 2020

Today Last Month Last Year 1 Year Change
Active Listings: 340 307 353 -4%
Pending Listings 59 64 44 +34%
Sales Per Month 68 57 27 +152%
Sales Per Year 635 594 549 -%
Months of Supply 5.0 5.4 13.1 – 8.1 Months
Appreciation – Median* 10% 7% 11% +1%
Average Price – Sales** $1.19M $1,173M $824K +16%
Median Price – Sales*** $900K $880K $818K +10%

*Annual Median

**Annual Average

***Annual Median

RECORD ARIZONA HOME SALE IN NORTH SCOTTSDALE

Ten Bathrooms? In my opinion, not the best lead-in for this AZ Central article describing the most expensive home sale in Arizona’s history. Being a guy, I’d probably lead with the amazing 17 acre parcel in DC Ranch’s Silverleaf with the 10 car garage, followed by 29,700 Sq Ft

https://www.azcentral.com/story/money/real-estate/done-deals/2020/10/16/arizona-housing-market-24-1-m-sale-scottsdale-mansion-sets-record/3661296001/

https://tours.tourfactory.com/tours/tour.asp?t=1098268&idx=1

Considering Buying or Selling in North Scottsdale or the Northeast Valley. Give Mike a call at 602.689.3100 or send an email to:

[email protected].

www.NorthScottsdale.com

The North Scottsdale Real Estate Advisory – Friday Focus: 85260

The North Scottsdale Real Estate Advisory – Friday Focus: 85260

Scottsdale’s 85260 Zip Code is located in the desirable NE Valley. It is bordered by Bell Rd and Frank Lloyd Wright on the North, Shea Rd on the South, Scottsdale Rd on the west, and Thompson Peak Parkway on the East.

Notable neighborhoods in this desirable community include:

  • Bent Tree
  • Buenavante
  • Rancho San Carlos
  • Desert Fairways
  • McDowell Ranchos
  • Mountainview Ranch
  • Paradise Valley Ranchos
  • Patterson Ranch
  • Pima Crossing

Much of the 85260 community is made up of larger near-acre lots – horse acres are what we call them, as many of these neighborhoods allow horses. Great schools and convenience shopping are nearby. Freeway access is very convenient too. Just a few minutes to the Loop #101 Pima Freeway, and 7-8 minutes to State Route 51.

Great Schools Ratings

One of the finest K-12 Charter schools in the 85260 Zip is Great Hearts Academy, with two locations also including a 5th – 12th. Cheyanne Traditional Elementary is also a top rated PK-8. There are a number of excellent College prep (Notre Dame Prep) and Christian schools (Thunderbird Christian Elementary in 85260.

Style of Homes

Many of the homes in the 85260 Zip were built in the 80’s. Modern home designs include Santa Barbara and Territorial style homes with vaulted or raised ceilings, many with larger lots, and many

with private pools. Many are family oriented two story homes.

Up to Date Real Estate as of October 1st, 2020

                                                            Today            Last Month              Last Year       1 Year Change
Active Listings:                               90                   87                               116                 -8%
Pending Listings                             32                   34                               28                   +14%
Sales Per Month                             53                   42                               42                   +26%
Sales Per Year                               520                 509                             575                 -10%
Months of Supply                          1.7                  2.1                              2.8                  -1.1 Months
Appreciation – Median*                11%                09%                            06%                +5%
Average Price – Sales**                $738k             $717K                         $628K            +18%
Median Price – Sales***                $770K            $750K                        $685K             +12%
*Annual Median
**Annual Average
***Annual Median

 

Considering Buying or Selling in North Scottsdale or the Northeast Valley. Give Mike a call at 602.689.3100 or send an email to: [email protected].

www.NorthScottsdale.com

North Scottsdale Real Estate Friday Focus: 85259

North Scottsdale Real Estate Friday Focus: 85259

Some folks may wonder why we include the 85259-zip code in North Scottsdale? The same folks rightly ask the question about 85254, 85258, and 85260 as well? After all, if you look at the long (32 miles) city of Scottsdale, you’d see it to be more central or South Central than north.

It was not too long in Scottsdale’s past (1960’s) that if you lived around Shea Blvd, that was considered “nose-bleed” country. Even McCormick Ranch (85258) was considered pretty far north from Old Town.

So the answer seems to be that for many of us who have been here for awhile, these zip code communities were a part of North Scottsdale.

85259 Zip Code contains numerous upscale communities, such as Stonegate, The Ancala Country Club, portions of Scottsdale Ranch, Scottsdale Mountain, Cactus Gates, Rancho Trinidad, Hidden Hills, and Bella Montagna.

Mountain and City light views, terrific convenience to recreation, shopping, golf, and health facilities abound. In fact, some folks refer to the Shea Blvd N/S dividing line as the “Medical Mile” with Honor hospital and the Mayo clinic plus hundreds of all types of medical offices within a few miles.

Schools are excellent in the 85259 community which includes Desert Mountain High and Middle public school. One of the highest rated schools in the country is the Basis Charter School encompassing grades 5-12. Anasazi Elementary is another excellent choice.

As of the fall of 2020, 91 homes were listed for sale at an average list price of $1.32M. Pending listings average list prices were $860,000, while closed sales over the past 6 months averaged $842,000.

Real estate as of October 2nd, 2020

Today            Last Month              Last Year       1 Year Change

Active Listings:                                91                   98                               172                 -47%

Pending Listings                              35                   33                               25                   +40%

Sales Per Month                             44                   48                               46                   -04%

Sales Per Year                                  499                 501                             523                 -05%

Months of Supply                          2.1                  2.0                              3.7                  -1.6 Months

Appreciation – Median*              12%                09%                            05%                +07%

Average Price – Sales**                $860              $845K                         $798K            +08%

Median Price – Sales***              $770K            $750K                        $685K             +12%

*Annual Median

**Annual Average

***Annual Median

Considering Buying or Selling in North Scottsdale or the Northeast Valley. Give Mike a call at 602.689.3100 or send an email to: [email protected]

The North Scottsdale Real Estate Advisory – 85255 Zip Code

The North Scottsdale Real Estate Advisory – 85255 Zip Code

The 85255-zip code is one of North Scottsdale’s zip codes that came to life in the 90’s with thousands of new homes being built in a number of nationally acclaimed planned unit developments, such as McDowell Mountain Ranch, Grayhawk and Troon North.

Later on, upscale communities like DC Ranch, including Silver Leaf, became, price-wise, the Paradise Valleys of North Scottsdale – gorgeous golf course neighborhoods blending in with eye-popping boulder out-croppings are to this day highly in demand.

It’s currently exploding in value, with the median price up 23% in one year, and the average price having risen 13%! The supply of homes for sale is fairly stable, currently at 320 homes, but there is only 2.7 months of supply, down from 4 months last year. Pending sales are up 52% vs the same period one-year ago.

                                                       Today            Last Month              Last Year       1 Year Change
Active Listings:                                320                 327                             356                 -02%
Pending Listings                              70                   65                               46                   +52%
Sales Per Month                             119                 99                               79                   +51%
Sales Per Year                                1058              1027                          1019              +04%
Months of Supply                          2.7                  3.3                              4.0                  -1.3 Months
Appreciation – Median*              23%                29%                            -5%                 +23%
Average Price – Sales**                $1.13M         $1.17M                     $852K            +13%
Median Price – Sales***              $850K            $960K                        $693K             +23%
*Monthly Median
**Monthly Average
***Monthly Median

 

Considering Buying or Selling in North Scottsdale or the Northeast Valley. Give Mike a call at 602.689.3100 or send an email to: [email protected]

North Scottsdale Real Estate Advisory – Friday Focus: 85258 Zip Code

North Scottsdale Real Estate Advisory – Friday Focus: 85258 Zip Code

Do you like water? Lakes? Golf? Mountain views? If so, then this North Scottsdale zip code (85258) is for you.

The 85258 zip code was primarily built around several key and lush massive planned unit developments, with nationally acclaimed McCormick Ranch starting things off in the 1970’s. Lush greenbelts, lakes, lots of foliage, golf, retail shopping and dining, and still close to the popular Downtown (Old Town) this community struck popularity pay dirt. Partially vaulted ceilings, and step-down living rooms were all the rage.

McCormick Ranch is located west of the Loop #101, whereas Scottsdale Ranch is built east of the #101.

Seeing the amazing success with McCormick Ranch, Scottsdale Ranch next appeared on the scene during the 1980’s. Many lakeside developments grew up in Scottsdale. Wide streets and sidewalks became an absolute sporting mecca for walkers, joggers, and cyclists. Combined with McCormick Ranch, these bike/walking paths from Scottsdale Ranch and McCormick Ranch weave all the way down near Tempe, without having to cross a major road. Generous under road tunnels dot the landscape. It’s amazing.

Following the “Ranch” tradition, palatial Gainey Ranch sprung up in the 90’s. Gainey is a first-class resort-like gated community developed west of Hayden Road. Preferred by many elites, especially local professional sports icons, Gainey Ranch tempts with privacy, greenery, lakes, golf, tennis, etc. The Hyatt Regency Scottsdale Resort and Spa is located within Gainey Ranch.

 

North Scottsdale Median Price Rose 10% in One Month?!

North Scottsdale Median Price Rose 10% in One Month?!

The North Scottsdale real estate market is killing it! The seven zip codes which comprise North Scottsdale are currently showing a monthly median sales price of $715,000. One month ago, the median sales price was $650,000. This is a median increase of $65,000 in one month! Yes, you heard me correctly, the North Scottsdale median sales price rose $65,000 – 10% – in one month.

Listing inventory in North Scottsdale has plummeted. One year ago, North Scottsdale home inventory was at 1409. This year, there are only 1044 homes currently for sale in North Scottsdale – a 26% drop!

How about North Scottsdale rentals? Rising to record lease prices, North Scottsdale home rental prices just hit $1.45 per square foot (psf) this September. This is .06 cents psf higher since last month and a rise of .17 cents psf in one year – a 13% rental price increase.

North Scottsdale Friday Focus – 85254 Market Update

North Scottsdale Friday Focus – 85254 Market Update

The 85254 zip code is one of North Scottsdale’s great central locations, however there is a not-so-dirty little secret about what’s known as the “magical zip code.” The 85254 zip is not in Scottsdale but is in the City of Phoenix and includes Phoenix city services. And the school district? It’s in the Paradise Valley School District. So why is it called Scottsdale? Mailing only. Talk to the postal service.

All of that doesn’t change what a cool place it is for many who call it home.

It’s also exploding in value, with prices up 22% in one year! The supply of homes for sale has dropped in half from 170 one year ago to 112 this month – a 34% inventory drop.

Today Last Month Last Year 1 Year Change
Active Listings: 112 117 170 -34%
Pending Listings 40 37 52 -23%
Sales Per Month 84 110 79 +06%
Sales Per Year 854 849 807 +06%
Months of Supply 1.3 1.1 2.2 -41%
Appreciation – Median* 22% 15% 11% +100%
Average Price – Sales** $665K $606K $543K +22%
Median Price – Sales*** $627K $593K $515K +22%

*Monthly Median

**Monthly Average

***Monthly Median

All Data courtesy of the Cromford Report

Considering Buying or Selling in North Scottsdale or the Northeast Valley. Give Mike a call at 602.689.3100 or send an email to: [email protected]

Scottsdale Highest Net Migration?

Scottsdale Highest Net Migration?

A newer study by HireAHelper, has examined the origin, destination and distance of each
moving job since the Covid-19 pandemic was declared on March 11 th 2020. As it turns out,
Scottsdale, Arizona won the popularity contest for top city by net moves, with 68% more
people moving in versus moving out.

Most popular state? Idaho saw 194% more people moving into the state than out. New York
city and San Francisco, CA had 80% more people leave than move in.

Read the Full Story Here

Trench Tales – A Watery Disaster – Part 2

This is a true story which is still ongoing; only the names have been changed. To read last week’s story, click here.
We left off last week with Dean and Pam discovering, on the day of closing, that their new home in Desert Ridge was flooded.  The culprit? A newly repaired water purification system whose filter had popped off. Dean and Pam were just hours away from their moving truck arriving to unload their furnishings. Pam was asking me, “What do we do?”
The first thing we advise is to call the insurance company. Ok, but whose company do you call? Both. Though it may seem apparent that the flood began several days before closing due to the amount of water that had gushed onto the floors, and that the seller is responsible, it’s always important to let your own company know – just as in an auto accident. In this case, my client’s insurance company, USAA was quick to get a water mitigation company out there to begin the drying out process. Their philosophy seems to be to stop the bleeding first, then deal with the legalities later.
What about the seller’s insurance? Well unfortunately for her, she had cancelled her insurance just two weeks before closing, perhaps thinking she could save a few bucks. Of all the wrong moves one could make in this situation, that would be at the top of the list.
Ok, what about condo insurance? HOA’s collect money from each property owner monthly, right? Yes, but that’s for fire damage, not interior flood damage. A renter’s type policy that would cover the interior including theft, liability and comprehensive would be needed in this situation.
Finally, what about the water purification company that “repaired” the leaking system just a week before the repaired water filter popped out? What liability do they have? Well now, that’s a legal question, but it could be a direction the seller could go.
Dean and Pam finally moved in yesterday, though there is still ongoing damage in the garage that’s still being corrected and new carpeting to go on the stairs.
The seller, though distraught, has been co-operative with Dean and Pam. She is however, ultimately on the hook personally for this loss. And this is where it gets tricky. What has amazed me is how cool, calm, and collected my clients have been through this process. There are many tragedies that folks suffer through, and yes, it’s a bummer to have this inconvenience, but thankfully, no one was physically hurt. And on this Thanksgiving weekend, that is truly something to be thankful for. Somewhere down the line there will be a full conclusion to this story, and when that happens, we’ll let you know.
Trench Tales – A Watery Disaster – Part 1

Trench Tales – A Watery Disaster – Part 1

Our recent deal with Dean and Pam (not their real names) wasn’t going to be a slam dunk, but it was very do-able. They wanted to use the funds from the sale of their current home to purchase their next one, but they also did not want to have to move twice, as in selling their home and then renting while they looked for their next one. They therefore decided to do a “contingency sale.”

Contingency sales are deals that allow a buyer to make an offer on a home that is only binding if they are first able to sell their current home.  This way buyers can have the comfort of having their next home locked while they try to sell their current house. Since home sales in the Valley have strengthened and our market is well “balanced,” we’re seeing these sales occur more and more.

We set them up on an automated MLS home search and began to look at some homes for sale. Dean and Pam were very agreeable to several different homes in various locations, but ultimately fell in love with great town-home that popped up on their radar. One problem though; their house was not on the market yet. They wanted to make an offer right away contingent on selling their home first.

The catch with a contingency is that sellers would often prefer not to deal with them, and for good reason.  If a seller agrees to a contingency, they then must take their property off the market while the buyer’s try to get their home sold.  Luckily for my clients, the town-home they wanted was already on the market for 10 months so the seller was ready to take some chances to get it sold. Fortunately, Dean and Pam had some other plusses going for them as well.

For one thing, we had gotten them pre-approved. Our lender said they were very strong borrowers. Secondly, they had a wonderful golf course home in Tatum Ranch, which was in impeccable condition and would show great. We felt it would be a relatively easy sale.

Ultimately we were not only able to convince the seller to take our contingency, but we also negotiated a lower price as well! We ended up selling their home in 30 days (not a bad time frame if I do say so myself) to a well-qualified buyer and set up the closings to sync with each other perfectly.

A few days before the closing date we completed our final walk-through and everything looked great.  Well their old home and their new home both closed on time and they were all set to move… then it happened!

A few hours after closing, Pam walked up to the door of their new home, key in hand. She realized something was very wrong – and very wet. Her new home was flooded! The newly repaired water purification system had popped a filter allowing water to run from the upstairs kitchen into adjacent bedrooms then down into the garage and laundry room. Pam called me, “What do we do!?”

Many questions: Who’s at fault? Does condo insurance cover this situation? Whose insurance does cover this? What if the seller didn’t have insurance (she didn’t)? Is their liability from the water purification company who had repaired this unit the week before? How did the buyer and seller react to this unwanted and unexpected event? And what about the moving truck that would shortly arrive to deliver their furniture? Ouch!

Check in for Part 2 next week to see how this real world event concludes.

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