We Know Real Estate
Will Daly
When you enter into the buying process, you will be committed despite all the uncertainties involved. By adding contingencies clauses in the contract, the buyer feels a sense of protection from the unknowns. Contingencies clauses state things that need to be met before closing the sale. 

The protection buyers get from mortgage contingencies.  This is one of the most common contingency. It provides additional security for the buyer. This contingency states that the buyer will acquire a certain kind of mortgage at or below a certain interest rate for a particular amount of the purchase price (usually 80 percent) on or before a specific date before closing. If the buyer is unable to get a loan according to the terms stated on the contingency, he can withdraw from the contract and the earnest money will be given back to him.

Protection for sellers.  The security that comes with contingencies protects not only the buyer but the seller as well. If the buyer is unable to secure a loan but fails to inform the seller by the date agreed, the buyer is still obliged to buy the house with or without a loan. Depending on the contingency, the seller can also find a mortgage for the buyer. To provide more protection for the seller, they could do the following: set an earlier date for the deadline so the buyer can’t back out at the last minute; negotiate that a significant part of the earnest money will be forfeited if the buyer can’t get a loan by the deadline.

Appraisal contingency.  Appraisal contingencies work with mortgage contingencies. It can work in two ways: (1) If a buyer cannot get an appraisal that can cover the asking price, the buyer can back out of the sale; (2) If the buyer cannot acquire enough appraisal, the buyer can negotiate for a lower price. If the seller does not agree with it, the buyer can walk out of the sale.

Inspection contingency.  This contingency allows the buyer time to inspect the house. Typically the time frame is 3-14 days. If the inspection reveal major problems with the house, the buyer can opt to back out.  There are many other contingencies available like insurance contingencies or mold inspection contingencies. Common contingencies vary among states.  Never disregard fine prints. Read them carefully and make sure you understand what you’re about to sign. The contract is legally binding. You can’t just change your mind once you sign it.

What my clients are saying  

Phoenix, AZ. This company is very professional. I spoke with the owner first who put me in touch with Josh. Both really wanted to understand what I was looking for in a living situation in Phoenix. After viewing many condos in the downtown and surrounding area, I really felt that Josh was not giving me the hard sell. Each place we visited he was very knowledgeable of the pros and cons and was not afraid to share both outlooks with me to find the best possible fit. After getting to know Josh, I look at him as a true friend and would definitely recommend my friends and family to him. Thanks Josh for everything. I love my new place.

 

~ Jason J.

Phoenix, AZ. I went on a bus tour with Will and the team at We Know Urban several years ago. When it came time to look for a property I called and got a hold of Josh. We went and looked at some condos but ultimately I decided I needed a house. Josh was on top of things from the get go. All of my questions and concerns were addressed in a timely manner and to my satisfaction. Josh is a stickler and it showed in his negotiating on on my behalf. I would recommend the We Know Urban group to anyone looking for an urban condo OR a house!

 

~ Spencer D.

Glendale, AZ. I have worked with Will Daly, from We Know Urban Realty, for many years and I find that he applies a very high standard of work ethic, integrity and professionalism in each transaction. It has been a privilege to work with the whole team at WKU Realty, as they are realtors who do a great job and care about their clients.

 

~ Brenda S.

Phoenix, AZ. I worked with Will at We Know Urban. It was my first stab at home buying so I appreciated the extra care, insight, and attention that he provided. Coming from the tech world I also thought their site was very easy to navigate. Kudos on that and thanks again!

 

~ Terrence P.

*****Phoenix, AZ. Will Daly is an awesome agent! He has almost sold out my difficult little condo project in Downton Phoenix, Metro 12 Townhomes metro12.com I normally don't like working with realtors, but Will has been exceptional. He's even taking on some of the work that , we, the developers should be doing. Thanks Will, and good work!

 

~ Les L.

*****Tempe, AZ. Will is the best. We have taken many of his tours in the past. We finally got a chance to purchase something through him and he was extremely helpful and did a wonderful job.

 

~ Lew F.

*****Surprise, AZ. We had the great pleasure of working with the principal of WeKnowUrban Realty, Mr. Will Daly, the broker and founder of the firm. We had a most difficult situation with our downtown Phoenix condo, and he proved to be a continuous source of positive energy and creative business acumen. He even attended a couple of our HOA meetings to help our owners address some of the issues in our building. He brings over 20 years' experience specializing in downtown Phoenix condo units, and there is no problem he hasn't encountered. Great website, lots of free research offered there. Will returns calls promptly and always maintains a high degree of professionalism, especially when his clients are feeling the pressure, and he even has a great sense of humor. We would use Will again in a New York minute! Check out WeKnowUrban. Maybe you'll get lucky and get Will himself!

 

~ Leo M.

*****Gilbert, AZ. I've known Will Daly and We Know Urban for years. I have never met anyone who knows more about urban living in Arizona that him. We have done business quite a few times over the years and it has been a pleasure to see him help his clients find the place of their dreams. I recommend We Know Urban for anyone looking to rent or buy and urban condo.

 

~ Kelsey B.

Jasper, TN. Will Daly with We Know Urban Realty is handling two short sales for me in Tempe and Phoenix. He has been truly remarkable to work with and I really can't say enough to express my appreciation and respect. Will is fair, hard working and honest and has gone above and beyond the call of duty to help me work through the sale of my property. He was able to get offers for me in the first few weeks of listing and his follow through is impeccable. He is a straight shooter that tells you like it is, is very aware of what is going on in the market and knows how to handle short sales. I would highly recommend him and will use him exclusively when buying or selling property in Arizona.

 

~ Tess W.

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