Blog
Homes Continue to Sell Quickly Nationwide
The National Association of Realtors (NAR) recently released their latest Existing Home Sales Report, which revealed that homes were on the market for an average of 47 days in March. This is a decrease from the 59 days reported in February, as well as the 52 days reported back in March 2015. 42% of homes […]
One More Time… You Do Not Need 20% Down To Buy a Home in Tucson NOW!
A survey by Ipsos found that the American public is still somewhat confused about what is actually necessary to qualify for a home mortgage loan in today’s housing market. The study pointed out two major misconceptions that we want to address today. 1. Down Payment The survey revealed that consumers overestimate the down payment funds needed to […]
Selling Your Tucson Home? Make Sure the Price Is Right!
In today’s market, where demand is outpacing supply in many regions of the country, pricing a house is one of the biggest challenges real estate professionals face. Sellers often want to price their home higher than recommended, and many agents go along with the idea to keep their clients happy. However, the best agents realize […]
Home Prices Are Up…but there is a Challenge
Home values continue to climb in Tucson, AZ and are projected to increase by about 5% over the next twelve months. That is great news for anyone who owns a home. However, it could present a challenge for a family trying to sell their house. If prices are surging, it is difficult for appraisers to […]
The Top Reasons Why Americans Buy Homes
Last week, the inaugural “Home Buyer Insights Report” was released by the Bank of America. The report revealed the reasons why consumers purchase homes and what their feelings are regarding home ownership. Consumer Lending Executive, D. Steve Boland, explained: “Home buyers today are motivated by both emotional and practical reasons. Nearly all want more space, but […]
INVESTOR FIX UP SPECIAL SOLD IN 1 DAY!
INVESTOR FIX UP SPECIAL SOLD IN 1 DAY! Congratulations to my client on the sale of their investment property. I was able to negotiate the purchase of an investment fix up home well below market value. My client then turned around and SOLD the property in 1 DAY FOR A NICE PROFIT! If you want […]
TUCSON RESIDENTIAL REAL ESTATE MARKET REPORT MARCH 2016
TUCSON RESIDENTIAL REAL ESTATE MARKET REPORT MARCH 2016 Each month the Tucson Association of Realtors® Multiple Listing Service comes out with Tucson’s monthly housing report. The numbers are out for the Tucson residential real estate market report March 2016. Highlights of the Tucson Residential Real Estate Market Report for March 2016 are below: Total Sales Volume […]
Sell Your Tucson Home In 90 Days Guarantee!
Sell Your Tucson Home In 90 Days Guarantee! Dear Tucson Homeowner, Have you thought of selling your home? Home inventories in Tucson, Arizona are at a low right now. Now is a great time to sell! We will sell your Tucson home in 90 days or less! If we don’t then we will sell your home […]
Don’t Wait! Move Up To Your Dream Tucson Home Now!
Don’t Wait! Move Up To Your Dream Tucson Home Now! Now that the housing market has stabilized in Tucson, AZ, more and more homeowners are considering moving up to the home they have always dreamed of. Prices are still below those of a few years ago and interest rates have stayed near historic lows. Sellers […]
Tucson Real Estate: 2016 Will Be the Best Year in a Decade
Tucson Real Estate: 2016 Will Be the Best Year in a Decade The Tucson real estate market is off to a great start for 2016! The Tucson housing market is shaping up to be a great year. Real below to find out why… A few weeks ago, Jonathan Smoke, the Chief Economist at realtor.com, exclaimed: […]
Past, Present & Future Home Values
Past, Present & Future Home Values In CoreLogic’s latest Home Price Index, they revealed home appreciation in three categories: percentage appreciation over the last year, over the last month, and projected appreciation over the next twelve months. Tucson, Arizona home values are predicted to increase 7.7% in the next year! NOW IS A GREAT TIME […]
Home For Sale: 2561 N Lightning A Dr, Tucson, AZ 85749
Home For Sale: 2561 N Lightning A Dr, Tucson, AZ 85749 Bedrooms: 5 Bathrooms: 4 Garage: 3 Car SqFt: 3,771 List Price: $579,900 MLS #: 21608432 Beautiful home in Lakes At Castle Rock gated community. Priced to sell! 5 bedrooms, 4 baths, with 3 car garage and swimming pool. Eat-in Island kitchen w/ gas cooktop. […]
Further Proof This Isn’t a Housing Bubble
Further Proof This Isn’t a Housing Bubble Two weeks ago, we posted a blog which explained that current increases in home prices were the result of the well-known concept of supply & demand and should not lead to conversations of a new housing bubble. Today, we want to look at home prices as compared to […]
3 Charts That Scream ‘List Your Tucson Home Today’
3 Charts That Scream ‘List Your Tucson Home Today’ In school we all learned the Theory of Supply and Demand. When the demand for an item is greater than the supply of that item, the price will surely rise. SUPPLY The National Association of Realtors (NAR) recently reported that the inventory of homes for sale […]
Consider Price Brackets When Selling Your Home
Consider Price Brackets When Selling Your Tucson Home When selling your home it is important to have a pricing strategy. Consider price brackets when selling your home in your overall pricing strategy. When potential home buyers are searching the internet they search by a variety of different things like; sales price, number of bedrooms and […]
What If I Wait Until Next Year To Buy A Home in Tucson?
What If I Wait Until Next Year To Buy A Home in Tucson? As a seller, you will be most concerned about ‘short term price’ – where home values are headed over the next six months in Tucson, Arizona. As either a first-time or repeat buyer, you must not be concerned only about price but […]
TUCSON RESIDENTIAL REAL ESTATE MARKET REPORT FEBRUARY 2016
TUCSON RESIDENTIAL REAL ESTATE MARKET REPORT FEBRUARY 2016 Each month the Tucson Association of Realtors® Multiple Listing Service comes out with Tucson’s monthly housing report. The numbers are out for the Tucson residential real estate market report February 2016. Highlights of the Tucson Residential Real Estate Market Report for February 2016 are below: Total Sales […]
Yes, Home Prices Are Rising in Tucson. No, a New Housing Bubble is NOT Forming
Yes, Home Prices Are Rising in Tucson. No, a New Housing Bubble is NOT Forming We recently reported that home prices are continuing to rise across most of the nation. This has created concern in some pundits that a housing bubble, like we saw ten years ago, is forming again. We want to explain why […]
Housing Market To “Spring Forward” This Year
Housing Market To “Spring Forward” This Year Just like our clocks this weekend in the majority of the country, the housing market will soon “spring forward!” Similar to tension in a spring, the lack of inventory available for sale in the market right now is what is holding back the market. Many potential sellers believe […]
Home For Sale: 5030 West Pheasant Street, Tucson, Arizona 85742
Home For Sale: 5030 West Pheasant Street, Tucson, Arizona 85742 Bedrooms: 4 Bathrooms: 3 Garage: 2 Car SqFt: 2,016 List Price: $199,900 MLS #: 21607083 Wonderful 4 bedroom, 3 bath w/ 2 car garage northwest home. Two story home w/ dual cooling. You will love cooking in the kitchen: gas stove and stainless appliances. Formal […]
Home Prices Up 5.76% Across The Country!
Home Prices Up 5.76% Across The Country! Arizona home prices up 8.7%. Now is a great time to buy a home in Tucson, Arizona before prices continue to go up and interest rates increase.
How To Get The Most Money When Selling Your Tucson House
How To Get The Most Money When Selling Your Tucson House Every Tucson homeowner wants to make sure they maximize their financial reward when selling their home. But how do you guarantee that you receive maximum value for your house? Here are two keys to ensuring you get the highest price possible. 1. Price it […]
Low Inventory Causes Home Prices to Accelerate
Low Inventory Causes Home Prices to Accelerate The National Association of Realtors (NAR) released their latest Quarterly Metro Home Price report earlier this month. The report revealed that home prices are not only continuing to rise but that the increases are accelerating. Lawrence Yun, Chief Economist at NAR, discussed the impact of low inventory on […]
Mortgage Rates Again at Historic Lows
Mortgage Rates Again at Historic Lows Just two weeks ago, we posted an article discussing where mortgage interest rates may be heading over the next twelve months. We quoted projections from Fannie Mae, Freddie Mac, the Mortgage Bankers’ Association and the National Association of Realtors. Each predicted that rates would begin to rise slowly and […]
Thinking of Buying A Home? What Are You Waiting For?
Thinking of Buying A Home? What Are You Waiting For? With spring right around the corner, you may be wondering if you should wait to enter the housing market. Here are four great reasons to consider buying a home today instead of waiting. Prices Will Continue to Rise CoreLogic’s latest Home Price Index reports that […]
Future Home Values: Where Do The Experts Think They Are Headed?
Future Home Values: Where Do The Experts Think They Are Headed? Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey. Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts and investment & market […]
Are the Kids Finally Moving Out?
Are the Kids Finally Moving Out? During the recession, many young adults graduating from college were forced to move back in with their parents. This caused new household formations to drop dramatically from the long-term average of 1.2 million formations annually to half that number. However, this may be the year this turns back around. […]
Harvard: Why Owning A Home Makes Sense Financially
Harvard: Why Owning A Home Makes Sense Financially We have reported many times that the American Dream of homeownership is alive and well in Tucson, AZ! The personal reasons to own differ for each buyer, with many basic similarities. Eric Belsky, the Managing Director of the Joint Center of Housing Studies at Harvard University expanded on the top 5 financial […]
Thinking of Selling? Why Now May Be The Time
It is common knowledge that a large number of homes sell during the spring-buying season. For that reason, many homeowners hold off on putting their home on the market until then. The question is whether or not that will be a good strategy this year. The other listings that do come out in the spring […]
Zillow’s Home Analysis Proves Houses Within 1 Mile Of Trader Joe’s Are Worth More
Zillow’s Home Analysis Proves Houses Within 1 Mile Of Trader Joe’s Are Worth More According to a recent analysis by Zillow, if you live near a Whole Foods or Trader Joe’s, the value of your home could significantly go up in Tucson, AZ. And specifically, if you live within a mile of either store, your […]
A Million+ Boomerang Buyers about to Enter Housing Market
A Million+ Boomerang Buyers about to Enter Housing Market TransUnion recently released the results of a new study titled “The Bubble, the Burst and Now – What Happened to the Consumer?” The study revealed that 1.5 million homeowners that were negatively impacted by the housing crisis could re-enter the housing market in the next three years. TransUnion defined […]
Where Are Interest Rates Headed This Year?
Where Are Interest Rates Headed This Year? With interest rates still below 4%, many buyers may be on the fence as to whether to act now and purchase a new home, or wait until next year. If you look at what the four major reporting agencies are predicting for 2016, it may make the decision […]
What Do You Actually Need to Get a Mortgage?
What Do You Actually Need to Get a Mortgage? Fannie Mae recently released their “What do consumers know about the Mortgage Qualification Criteria?” Study. The study revealed that Americans are misinformed about what is required to qualify for a mortgage when purchasing a home. Here are three takeaways: 59% of Americans either don’t know (54%) […]
Buy a Tucson home now or wait? What will it cost you?
Buy a Tucson home now or wait? What will it cost you? Should you buy a home in Tucson, AZ now or wait? Should interest rates increase, which they are predicted to do in 2016, and home values increase what will it cost you? Some Highlights: The Cost of Waiting to Buy is defined as […]
Rents Still Skyrocketing
Zillow recently revealed that the 43 million renter households in the US spent $535 billion on rent in 2015. Aggregate numbers like these often make it difficult to truly assess a situation. For more clarity, we want to share some points that were made in a Wall Street Journal article earlier this month. The article made […]
Why Do Americans Consider Moving?
Why Do Americans Consider Moving? Some Highlights: In a recent Harris Poll, Americans listed “change in climate/weather” as their top reason for wanting to relocate. 41% would move for a better job opportunity. Being closer to loved ones filled out 3 of the top 6 reasons why American’s move.
When Is It A Good Time To Rent? NOT Now!
When Is It A Good Time To Rent? NOT Now! People often ask whether or not now is a good time to buy a home. No one ever asks when a good time to rent is. However, we want to make certain that everyone understands that today is NOT a good time to rent. The […]
Thinking of Buying a Home? 3 Questions Every Buyer Should Answer First
Thinking of Buying a Home? 3 Questions Every Buyer Should Answer First If you are debating purchasing a home right now, you are probably getting a lot of advice. Though your friends and family will have your best interest at heart, they may not be fully aware of your needs and what is currently happening […]
TUCSON RESIDENTIAL REAL ESTATE MARKET REPORT DECEMBER 2015
TUCSON RESIDENTIAL REAL ESTATE MARKET REPORT DECEMBER 2015 Each month the Tucson Association of Realtors® Multiple Listing Service comes out with Tucson’s monthly housing report. The numbers are out for the Tucson residential real estate market report December 2015. Residential real estate in Tucson, AZ has been on a steady upswing in 2015. Highlights of […]
Obstacles to Home-ownership: Perceived or Real?
Obstacles to Home-ownership: Perceived or Real? Yesterday, we discussed the belief Americans have in homeownership and their desire to partake in this piece of the American Dream. We also discussed some of the obstacles preventing them from attaining that goal. However, studies have shown that that many of the obstacles mentioned are perceived, not real. […]
Homeownership Still Part of the American Dream
Homeownership Still Part of the American Dream The National Association of Realtors (NAR) just released the first edition of their Housing Opportunities and Market Experience Survey (H.O.M.E.). NAR explained that the report covers: “…core topics that will be tracked on a monthly basis such as views on housing as a good financial investment, whether homeownership […]
Real Estate Shines as an Investment in 2015
Real Estate Shines as an Investment in 2015 A survey by The Joint Center of Housing Studies at Harvard University reveals that when a family is buying a home they consider the financial benefits of homeownership along with the social benefits. The survey mentions things like: Paying rent does not make sense – rent vs […]
Top Reason to List Your House For Sale Now!
Top Reason to List Your House For Sale Now! If you are debating listing your house for sale this year, here is the #1 reason not to wait! Buyer Demand Continues to Outpace the Supply of Homes For Sale The National Association of REALTORS’ (NAR) Chief Economist, Lawrence Yun recently commented on the inventory shortage: […]
Don’t Let Rising Rents Trap You!
Don’t Let Rising Rents Trap You! There are many benefits to homeownership. One of the top ones is being able to protect yourself from rising rents and lock in your housing cost for the life of your mortgage. Don’t Become Trapped Jonathan Smoke, Chief Economist at realtor.com recently reported on what he calls a “Rental […]
Building Family Wealth Over The Next 5 Years
Building Family Wealth Over The Next 5 Years As the economy continues to improve, more and more Americans are seeing their personal financial situations also improving. Instead of just getting by, many are now beginning to save and find other ways to build their net worth. One way to dramatically increase their family wealth is […]
Home Prices: Where Are They Headed Over The Next 5 Years?
Home Prices: Where Are They Headed Over The Next 5 Years? Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey. Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts and investment & market strategists about where […]
FSBO, List Again or OTM? A Seller’s Dilemma
At the end of December, in every region of the country, hundreds of homeowners have a tough decision to make. The ‘listing for sale agreement’ on their house is about to expire and they now must decide to either take their house off the market (OTM), For Sale by Owner (FSBO) or list it again with […]
Selling Your Tucson House? 5 Reasons You Shouldn’t For Sale By Owner
Selling Your Tucson House? 5 Reasons You Shouldn’t For Sale By Owner In today’s market, with homes selling quickly in Tucson, AZ and prices rising, some homeowners might consider trying to sell their home on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons this might not […]
Foreclosure Inventory Drops In Arizona As Economy Improves
Foreclosure Inventory Drops In Arizona As Economy Improves Good news for the Arizona real estate market! Only .4% of all homeowners in Arizona are in foreclosure. We are heading into 2016 with the lowest foreclosure inventory in 8 years thanks to escalating home values and progressive improvement in the U.S. economy. Some Highlights: Foreclosure Inventory […]
Your Home Needs To Be Sold Twice
You Will Need to Sell Your Home Twice A recent post on “The Home Story”, a site published by Fannie Mae, explained the difference between the price a seller may get for their home and the value an appraiser might assign the property. The Sales Price Of course, most sellers want to maximize the value […]
Arizona Home Prices: Past, Present & Future
Arizona Home Prices: Past, Present & Future CoreLogic released their most current Home Price Index last week. In the report, they revealed home appreciation in three categories: percentage appreciation over the last year, over the last month and projected over the next twelve months. Here are state maps for each category: The Past – home appreciation over […]
TUCSON RESIDENTIAL REAL ESTATE MARKET REPORT NOVEMBER 2015
TUCSON RESIDENTIAL REAL ESTATE MARKET REPORT NOVEMBER 2015 Each month the Tucson Association of Realtors® Multiple Listing Service comes out with Tucson’s monthly housing report. The numbers are out for the Tucson residential real estate market report November 2015. Residential real estate in Tucson, AZ has been on a steady upswing in 2015. Highlights of […]
What You Need To Qualify For A Mortgage
A recent survey by Ipsos found that the American public is still somewhat confused about what is actually necessary to qualify for a home mortgage loan in today’s housing market. The study pointed out two major misconceptions that we want to address today. 1. Down Payment The survey revealed that consumers overestimate the down payment […]
Prices & Mortgage Rates Going Up in 2016
Prices & Mortgage Rates Going Up in 2016 Home prices and mortgage rates going up in 2016!? The monthly mortgage payment on a home is determined by two elements: the price of the house and the interest rate you pay on your mortgage. Recently released reports are revealing that the experts expect both elements to […]
The Residential Rental Market Heading into 2016
The Residential Rental Market Heading into 2016 Below are quotes from experts as well as industry reports & articles that cover the residential rental market in the U.S. The experts… Zillow Chief Economist Svenja Gudell: “Make no mistake: Despite this recent slowdown in rental appreciation, the rental affordability crisis we’ve been enduring for the past few […]
The Impact of Higher Interest Rates
The Impact of Higher Interest Rates Last week, an article in the Washington Post discussed a new ‘threat’ homebuyers will soon be facing: higher mortgage rates. The article revealed: “The Mortgage Bankers Association expects that rates on 30-year loans could reach 4.8 percent by the end of next year, topping 5 percent in 2017. Rates haven’t […]
Rent vs. Buy: Either Way You’re Paying A Mortgage
Rent vs. Buy: Either Way You’re Paying A Mortgage There are some people that have not purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent free, you are paying a mortgage – either your mortgage or your landlord’s. […]
Seller Concessions… How to Reduce Cash at Closing!
Seller Concessions… How to Reduce Cash at Closing! What does concession mean? Concessions generally refer to items or credits that may be issued to a buyer in the purchase of a property. For example, the seller may be paying a certain amount of the purchaser’s closing or settlement expenses, and this would be referred to […]
Distressed Property Sales Hit New Low
Distressed Property Sales Hit New Low TheNational Association of Realtors (NAR) just released their Existing Home Sales Report revealing that distressed property sales accounted for 6% of sales in October. This is down from 9% in 2014 and the lowest figure since NAR began tracking distressed sales in October 2008. Below is a graph that […]
Millennials: What FICO Score is Needed to Buy a Home?
Millennials: What FICO Score is Needed to Buy a Home? In a recent article by the Wharton School of Business at the University of Pennsylvania, it was revealed that some Millennials are not looking to purchase a home simply because they don’t believe they can qualify for a mortgage. The article quoted Jessica Lautz, the National […]
Tucson Home Equity Matters A LOT… Just Ask Freddie Mac
Tucson Home Equity Matters A LOT… Just Ask Freddie Mac There are many reasons, both financial and non-financial, that homeownership remains an important part of the American Dream. One of the biggest reasons is the fact that it helps build family wealth. Recently, Freddie Mac wrote about the power of home equity. They explained: “In […]
Top Bike Rides in Tucson Arizona
Top Bike Rides in Tucson Arizona Tucson is an awesome cycling community with some great bike rides. Tucson has the perfect topography for bicycling with everything from high mountain to desert flatlands. The thriving, active cycling community is one of bicycling’s best-kept secrets. But it won’t stay that way, as the community is earning honors […]
Should I Pay a Mortgage Interest Rate over 4%?
Should I Pay a Mortgage Interest Rate over 4%? Mortgage interest rates, as reported by Freddie Mac, have increased over the last several weeks. Along with Freddie Mac, Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors are all calling for mortgage rates to continue to rise over the next four quarters. […]
How Do You Sell Your Tucson Home For The Most Money
How Do You Sell Your Tucson Home For The Most Money Every homeowner wants to make sure they maximize the financial reward when selling their home. But, how do you sell your Tucson home for the most money? How do you guarantee that you receive maximum value for your house? Here are two keys to […]
TUCSON REAL ESTATE HOUSING REPORT OCTOBER 2015
TUCSON REAL ESTATE HOUSING REPORT OCTOBER 2015 Each month the Tucson Association of Realtors® Multiple Listing Service comes out with Tucson’s monthly housing report. The numbers are out for the Tucson real estate housing report October 2015. Real estate in Tucson, AZ is on a positive upswing. Highlights of the Tucson Real Estate Housing Market […]
Where Are Mortgage Rates Headed in 2016
Where Are Mortgage Rates Headed in 2016 The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate the greater the payment will be. That is why it is important to look at where mortgage rates are headed when deciding to buy a home in […]
Why a 15 Year Fixed Mortgage Is The Best Choice
Why a 15 Year Fixed Mortgage Is The Best Choice When buying a home or refinancing your existing mortgage consider a 15-year mortgage, it is by far the best choice. THE 15-YEAR MORTGAGE IS A LONG-TERM SAVER’S DREAM When buying a home and getting a mortgage each time you make your mortgage payment a portion […]
House Has Not Sold Yet?
House Has Not Sold Yet? Take A Look at the Price! The residential housing market has been hot. Home sales have bounced back solidly and are now at their second-highest pace since February 2007. Demand remains strong going into the winter. Many real estate professionals are reporting that multiple offers are occurring regularly and listings […]
Baby Boomers On The Move To Tucson
Baby Boomers On The Move To Tucson Within the next five years, Baby Boomers are projected to have the largest household growth of any other generation during that same time period, according to the Joint Center for Housing Studies of Harvard. Let’s take a look at why… In a recent Merrill Lynch study, “Home in Retirement: More Freedom, […]
Picking a Tucson Real Estate Agent through Facebook
Picking a Tucson Real Estate Agent through Facebook According to a joint study released by Google and the National Association of Realtors, 2 of 3 people searching for a prospective real estate professional research them “extensively online prior to working with them”. And, that number is probably increasing every day. Are social media channels such […]
In 2016 a Homeowner’s Net Worth Will Be 45x Greater Than a Renter
Did you know, in 2016 a Homeowner’s Net Worth Will Be 45x Greater Than a Renter? Every three years the Federal Reserve conducts a Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner’s net worth is 36 […]
Here Come the Millennials Into Homeownership
Here Come the Millennials Into Homeownership Many have been wondering when the much anticipated move by Millennials’ into homeownership would actually take place. We know the belief in owning a home is there. According to a recent Merrill Lynch study, eighty one percent of Millennials believe “homeownership is an important part of the American Dream”. […]
Your Home Loan Toolkit
The Consumer Financial Protection Bureau (CFPB) puts out a guide to educate people on financial aspects of homeownership. How can this toolkit help you? Buying a home is exciting and, let’s face it, complicated. This booklet is a toolkit that can help you make better choices along your path to owning a home. There have […]
Where Will Home Prices In Arizona Be Next Year?
Where Will Home Prices In Arizona Be Next Year? Some interesting facts: Arizona is forecasted to have a 6.4% year-over-year appreciation. 25 states are forecasted to achieve higher levels of appreciation in the next 12 months than already achieved in the last year. 25 state and the District of Columbia are forecasted to experience a […]
TUCSON REAL ESTATE HOUSING REPORT SEPTEMBER 2015
TUCSON REAL ESTATE HOUSING REPORT SEPTEMBER 2015 Each month the Tucson Association of Realtors® Multiple Listing Service comes out with Tucson’s monthly housing report. The numbers are out for the Tucson real estate housing report September 2015. Real estate in Tucson, AZ is on a positive upswing. Highlights of the Tucson Real Estate Housing Market […]
How to use TRID to help you buy a home
OK – TRID IS HERE AND GUESS WHAT? THE SUN ROSE THIS MORNING! How to use TRID to help you buy a home Now what? First, what IS TRID? It stands for Truth-in-Lending RESPA Integrated Disclosures What does is do? It provides two key features: 1) a newly designed, easy to understand pair of multi-page disclosures … called the “Loan Estimated” and the “Closing […]
Tucson Zoning Codes and Classifications
Tucson Zoning Codes and Classifications While searching the Tucson Multiple Listing Service (MLS) and looking at homes listed for sale many times we get the question of what the zoning code in the listing means. This is a great question! Above and to the right, is a listing and highlighted in the yellow is where […]
Is it Time to Downsize your Tucson Home?
A recent study by Edelman Berland revealed that of homeowners who are contemplating selling their house in the near future 33% plan to scale down. Is it Time to Downsize your Tucson Home? Let’s look at a few reasons why that would make sense to many Americans. In a recent blog post, Dave Ramsey, the financial […]
Cost Of Waiting To Buy A Home In Tucson Means To You
Cost Of Waiting To Buy A Home In Tucson Means To You? As a seller, you will be most concerned about ‘short-term price’ – where home values are headed over the next six months. As either a first-time or repeat buyer, you must not be concerned only about price but also about the ‘long-term cost’ […]
The Cost of Waiting to Buy a Home in Tucson
Did you know the cost of waiting to buy a home in Tucson based on your income goes up every year? The National Association of Realtors (NAR) recently released their July edition of the Housing Affordability Index. The index measures whether or not a typical family earns enough income to qualify for a mortgage loan on […]
Economic Impact of Every Home Sold in the US
Do you know what the Economic Impact of Every Home Sold in the US is? Every time a home is sold, thousands of dollars are put back into the economy as a result. Homeownership is a huge % of the US economy. Without a stable housing market our US economy suffers. ********************************************************** SEARCH FOR TUCSON […]
TUCSON REAL ESTATE HOUSING REPORT AUGUST 2015
TUCSON REAL ESTATE HOUSING REPORT AUGUST 2015 Each month the Tucson Association of Realtors® Multiple Listing Service comes out with Tucson’s monthly housing report. The numbers are out for the Tucson real estate housing report August 2015. Real estate in Tucson, AZ is on a positive upswing. Highlights of the Tucson Real Estate Housing Market […]
5 Really Good Reasons To Be A Homeowner
The personal reasons to own a home differ for each buyer, with many basic similarities. Considering homeownership? There are 5 Really Good Reasons To Be A Homeowner! Eric Belsky, the Managing Director of the Joint Center of Housing Studies at Harvard University expanded on the top 5 financial benefits of homeownership in his paper –The Dream Lives On: the Future […]
The REAL Reasons to Buy a Home in Tucson, AZ
The REAL Reasons to Buy a Home in Tucson, AZ We often talk about the financial reasons why buying a home makes sense. But often, the emotional reasons are the more powerful, or compelling reasons. The Joint Center for Housing Studies at Harvard University performs a study every year surveying participants for the reasons that American’s feel is most important […]
1st Time Home Buyers Finally Jumping Into Homeownership
1st Time Home Buyers Finally Jumping Into Homeownership! There has been much conversation regarding the lack of first time home buyers in today’s real estate market. However, three recent reports seem to suggest that they are now entering the market in increasing numbers. The most recent Existing Home Sales Report from the National Association of […]
TUCSON REAL ESTATE HOUSING REPORT JUNE 2015
TUCSON REAL ESTATE HOUSING REPORT JUNE 2015 Each month the Tucson Association of Realtors® Multiple Listing Service comes out with Tucson’s monthly housing report. The numbers are out for the Tucson real estate housing report June 2015. Real estate in Tucson, AZ is on a positive upswing. Highlights of the Tucson Real Estate Housing Market […]
Inspection Period – Buyer Inspection Notice Sellers Response
BUYER INSPECTION NOTICE SELLERS RESPONSE (BINSR): The inspection period is a contingency with the purchase contract that allows the buyer the time to perform all the necessary inspections on the property. During this time it allows the buyer to discover all about the property and gives the buyer the opportunity to take the property “AS […]
Protect Your Earnest Money – Finance Contingency Clause
Protect Your Earnest Money – Finance Contingency Clause When buying or selling a home once an offer is mutually accepted by the buyer and seller escrow is open. When escrow is open, the buyer deposits earnest money to the escrow company. Earnest money, also known as a good faith deposit, is the money paid by […]
TUCSON REAL ESTATE HOUSING REPORT MAY 2015
TUCSON REAL ESTATE HOUSING REPORT MAY 2015 Each month the Tucson Association of Realtors® Multiple Listing Service comes out with Tucson’s monthly housing report. The numbers are out for the Tucson real estate housing report May 2015. Real estate in Tucson, AZ is on a positive upswing. Highlights of the Tucson Real Estate Housing Market […]
TUCSON REAL ESTATE HOUSING REPORT APRIL 2015
TUCSON REAL ESTATE HOUSING REPORT APRIL 2015 Each month the Tucson Association of Realtors® Multiple Listing Service comes out with Tucson’s monthly housing report. The numbers are out for the Tucson real estate housing report April 2015. Real estate in Tucson, AZ is on a positive upswing. Highlights of the Tucson Real Estate Housing Market […]
Tucson Foreclosures Back To Normal Levels
AWESOME NEWS FOR THE TUCSON REAL ESTATE MARKET: Tucson Foreclosures Back To Normal Levels Looks as though the foreclosure crisis is finally coming to an end in Tucson, Arizona. Tucson Foreclosures have dropped back to levels before the housing bubble in 2007. As you can see from the charts below we are back to normal ranges […]
Final Walk-Through Tips
Final Walk-Through Tips The final walk-through of the home that is about ready to be yours is a key step in the home buying process. Things are coming to end of the entire process and you are busy preparing for your move. Do not over look the final walk through! This step is your last […]
TUCSON REAL ESTATE HOUSING REPORT MARCH 2015
TUCSON REAL ESTATE HOUSING REPORT MARCH 2015 Each month the Tucson Association of Realtors® Multiple Listing Service comes out with Tucson’s monthly housing report. The numbers are out for the Tucson real estate housing report March 2015. Real estate in Tucson, AZ is on a positive upswing. Highlights of the Tucson Real Estate Housing Market […]
Tucson Fix Up Homes
Looking for homes in Tucson? Consider looking a Tucson fix up homes during your home buying process. Over the past 20 years, I have bought well over 50 fix up homes in Tucson that I have remodeled and sold. The process is very rewarding and can be profitable if done right. The key to a […]
The Starbucks Effect On Home Prices
The Starbucks Effect On Home Prices Will Shock You! I recently read the book Zillow Talk: The New Rules of Real Estate written by Spencer Rascoff the COE of Zillow and Stan Humphries the Chief Economist of Zillow and chapter 4 in the book talked about the impact of Starbucks on home values. I was amazed […]
TUCSON REAL ESTATE HOUSING MARKET REPORT – FEBRUARY 2015
TUCSON REAL ESTATE HOUSING MARKET REPORT – FEBRUARY 2015 Each month the Tucson Association of Realtors® Multiple Listing Service comes out with Tucson’s monthly housing report. Highlights of the Tucson Real Estate Housing Market Report for February 2015 are below: Total Sales Volume for February was $195,792,147, a 24.89% increase from January’s number of $156,772,690. […]
Pricing Your Home to Sell Using Price Brackets
Pricing your Tucson Home to sell Using price brackets is a very effective way to reach more buyers. Did you know that 80% of marketing your home to SELL FAST is pricing? THE IMPACT of PRICING to Sell Did you know ONLY 48 PERCENT of people selling their home priced their home according to their […]
Home Ownership: Most Valuable Tax “Loophole” Available Today!
Home Ownership Tax “Loophole” Best Gift From The Government Today! The government seems to spend its time finding ways to increase taxes… In 2013, income taxes for America’s top earners increased. And in last month’s State of the Union address, President Obama proposed capital gains tax increases among other changes. The only things certain in […]
TUCSON REAL ESTATE HOUSING MARKET REPORT – JANUARY 2015
TUCSON REAL ESTATE HOUSING MARKET REPORT – JANUARY 2015 Each month the Tucson Association of Realtors® Multiple Listing Service comes out with Tucson’s monthly housing report. Highlights of the Tucson Real Estate Housing Market Report for January 2015 are below: The Average Sales Price fell slightly this month from $205,015 in December to $194,878, a […]
