Setting a rental rate is similar to determining a home sale list price (see this FAQ). You'll need to determine the going market rental rate for your home. Much like a home sale price, if a rental rate is set too high, you'll never find a tenant. If it's set too low, you'll rent your property but you won't be maximizing your investment.

A good real estate agent can show you what homes in the area are renting for. Another excellent, albiet low-tech, method is to simply look at the "For Rent" ads in the local paper.

This question is difficult (actually, impossible) to answer. A good real estate agent can tell you the Average Days On Market (DOM) for your area, but it's just that--an average. Some homes will sell faster than the average DOM, some will take longer.

Houses sell based on three primary factors:

* Condition
* Location
* Price

The buyer must first furnish a five-day written notice for the seller to move out. If the seller still refuses to move out, the buyer must file an eviction proceeding in Superior Court, not Justice Court.

Provided by Christopher Combs. Phoenix attorney Christopher A. Combs is a partner with the firm of Combs Law Group, P.C. Reprinted with permission. Copyright 2005, all rights reserved.

NOTE: this should not be considered a substitute for legal advice. ALWAYS seel appropriate legal counsel.

This is the terminology currently used in the Phoenix area Multiple Listing Service (ARMLSi). They may be different than what is used outside of the Phoenix area, however it is likely that any large MLSi will have very similar terminology.

"Active": If a listing is active, then it is available for sale and there has not been an offer accepted. An offer may have been submitted, but it hasn't been accepted by the seller yet.