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selling a home: Tucson AZ Real Estate Market Report - September 2008 - 09/24/08 09:19 PM
Like the rest of the country, the Tucson Real Estate market has taken its share of lumps over the last year or so. However, we have been seeing a reduction in inventory over the past nine months, which is the first step towards a recovery. Will we continue this trend or will national economic woes along with the ongoing foreclosures have an ill effect on our market? Let's look at the numbers.
Note: These numbers are from August 2008 so we do not yet know what effect the current shenanigans on Wall Street will have on our local home buyers and … (1 comments)
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selling a home: When the going gets tough ... - 03/25/08 12:29 PM
In 2003 to 2005 anyone could be a real estate agent. Well, almost anyone. You did have to go to the class and take the test to get your license. But really it didn't take much to get started. Maybe run an ad and you had people lined up ready to sell their homes and make a fortune. And once you listed those homes, you had buyers there very soon (many times within hours) making competing offers. Deals went through quickly and you were on to the next gig.
Well, times have changed, fewer homes are being sold and being a real … (4 comments)
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selling a home: What are the tax consequences if my home is foreclosed? - 01/24/08 11:10 AM
Is your bank threatening to foreclose? Are you left owing more than the house will sell for? In Arizona, the bank can not come after you for the money you still owe after the property is sold. However, there are some tax consequences to having the bank forgive your debt. This applies whether it is a foreclosure or if you sell your home as a short sale.
Basically, you will receive a 1099 from the lender for the amount that they "forgave". That is counted as income for that tax year. This is very frightening to many people, particularly since the reason … (9 comments)
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selling a home: Foreclosure Looming? Here are some Options: - 12/06/07 11:52 AM
As the mortgage crisis continues, many homeowners are finding themselves in a position of facing a possible foreclosure. Some of these borrowers are opting to sell their homes as a short sale. However, that is not necessarily the best solution for everyone. It is important that you know your options prior to making the decision to sell through a short sale or to allow the bank to foreclose. See also Should I Sell my Home as a Short Sale?
A Word of Caution
There are many entities out there who are looking to take advantage of homeowners in a bad situtation. Therefore, it is … (0 comments)
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selling a home: Houghton Road Expansion - 11/29/07 04:57 PM
If you live on the east side of Tucson you are most likely aware that Houghton Road is slated to be expanded soon. For those of us in Rita Ranch and Vail, the section of Houghton Road between Valencia and I-10 are of special interest.
So what's happening there? I'm glad you asked. I recently attended an informational session presented by the Regional Transportaion Authority. I had the pleasure of speaking to one of the engineers as well as some design folks. Right now the project is still in the design phase, although the final plan is supposed to be submitted to … (0 comments)
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selling a home: How to Talk to Your REALTOR about Why Your House Isn't Selling - 11/01/07 01:36 PM
Here in Tucson, AZ, like the rest of the country, the market has slowed down and homes are taking longer to sell. Inevitably, I have had more than one person ask me why I think their home isn't selling. Unfortunately, these people have had their homes listed with another REALTOR. I believe that we as agents should support each other while also delivering accurate information to the public. Therefore, in these situations, I usually ask questions of the person about what is being done to market the home and what they know of current market conditions so that they will be able to … (3 comments)
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selling a home: What to Expect During a Short Sale - 10/12/07 08:59 PM
So you've decided that a short sale is the best option for you? If you're unsure or haven't considered the ramifications, please read Should I Sell my Home as a Short Sale? Once you have made the decision, there are a few steps you should take.
Hire a Real Estate Agent
Short Sales are more complicated than your typical real estate transaction, so it is important not to go it alone on this type of deal. The bank will pay your agent's commission and wrap it into the amount that the sale is "short". When you interview agents, be sure to ask about … (2 comments)
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selling a home: Should I Sell my Home as a Short Sale? - 10/11/07 02:32 PM
Short sales are all the buzz in the real estate market today, but as with anything else they aren't for everybody. How do you determine if a short sale is right for you?
Look at your Financial Situation
If you're considering a short sale, then I am going to assume that you are having financial difficulties and are unsure about whether you will be able to continue making your mortgage payments. However, there are other ways to remedy the situation if it is only temporary. Considering the vast amounts of foreclosures and short sales going on now, most banks are willing to work … (6 comments)
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selling a home: Can My HOA Restrict the Sign I use when I Sell my House? - 10/03/07 06:28 PM
There's nothing like a controlling HOA (Homeowner's Association) to make some homeowners see red. We have all heard the horror stories over the years, although many associations have relaxed and have come to realize that they are there to serve the homeowners rather than restrict them.
In Arizona, we recently passed legislation that limits the restrictions that homeowner's associations can place on the signs homeowners can display when they are selling their home. That new legislation, SB 1062, just went into effect on September 19, 2007. If you would like to read the exact language of the bill, see SB 1062. This … (10 comments)
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selling a home: Selling a Home in a Down Market - 06/26/07 08:55 PM
For the past several years the housing market has been fast and furious. With interest rates at their lowest point in decades, many more consumers were able to become homeowners or able to buy more home for their housing dollar. However, many of those loans were adjustable and are now adjusting to a higher rate. Foreclosures are up and so is inventory. In the news we are seeing articles like Too Soon to Look for Housing Market Bottom. So what do you do if you need to sell? How do you get the most money possible without waiting months and months … (1 comments)
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selling a home: Doing For Sale By Owner? - How about some FREE advertising? - 05/24/07 04:31 PM
After looking at the title, you're probably thinking that there's some catch or that I'm crazy. There's no catch and I'll let you be the judge of how crazy I am.
Here's the deal. As a real estate agent, I know how difficult and time consuming selling a home can be. In fact 80% to 90% of the do-it-yourselfers (fondly known as FSBO's in the real estate industry) end up listing with an agent. So, to alleviate a little of your work, I am willing to allow you to advertise on my website, www.TucsonExpertAgent.com for free.
Why are you doing this?
There … (0 comments)
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Robin Willis, Tucson's Expert Agent, Realty Executives
Tucson,
AZ
More about me…
Realty Executives Southern Arizona
Address: 1849 N Kolb Rd, Tucson, AZ, 85715
Office Phone: (520) 886-8282
Cell Phone: (520) 481-3695
Email Me
Tucson, AZ is a varied and exciting community to live in. Whether you are buying or selling a home, it's vital to have someone on your side who has the information pertinent to your area.
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