Real Estate Myths Revealed

 There are countless myths regarding real estate, whether you are a buyer or seller. Today I will address a few of those myths and let you know my opinion.

 Myth #1

When pricing your home always list it high so you have room to negotiate. (False)

Why is this false? You will always run the risk of pricing yourself out of the market. Which means you may be so far above your competition that buyers will skip your home all together and only concentrate on the realistically priced homes in your area. This will cost you valuable marketing time and you could miss out on qualified buyers seeing your home. A wiser choice is to sit down with a qualified agent and agree on a realistic, yet competitive price for your area. If a buyer makes an offer lower than what you are comfortable with just send them a counter offer. Your agent can use sales data and other facts to support your counter offer.

 

Myth #2

You can save a lot of money by selling your home yourself and not paying a Realtor. (False, usually)

 A lot of people think that the best way to save money when they need to sell their home is to do it themselves. In most cases this just isn't the case. Recent statistics state that as much as ?% of owners who went this route ended up listing with a Realtor after their efforts did not succeed. Selling a home is so much more than placing a sign in the front yard and posting it on the internet. Frankly, that's just the very beginning. What about researching sales data and pricing the property correctly? Showings, open houses, advertising expenses? Then what do you do when you get an offer? All you have to do is scan through the nine page sales contract to get an idea of all that is involved in the escrow process. There are deadlines, earnest money deposits, disclosures, inspections, appraisals, insurance history reports, repairs, and on and on. And then what happens if you run into a problem? Who is going to advise you on how to protect yourself? And who has the time do deal with it all? Who? Your Realtor, that's who. Someone who is educated, experienced and has a fiduciary obligation to deal fairly with all parties involved. And of course they represent you and your interests in the transaction.  The fact is, I could go on for pages about this but hopefully you get the idea.

 

Myth #3

You don't need an agent to represent you when you buy a new construction home. (False)

 It may not occur to you, but it is definitely in your best interest to have a Realtor on your side when buying a new construction home. Why? Who do you think the agent sitting in the sales office is representing in the transaction? The builder, of course. So just like you should have your own representation when dealing with a seller of a re-sale home, you should have someone on your side when buying from a seller of a brand new home. Did you know you can have your own home inspection of the home? Did you know you can negotiate price, amenities, financial terms, etc...? And just like in a re-sale situation your agent's commission comes from the seller.

 

 

 For more information on real estate in Tucson, Marana, Oro Valley and surrounding areas visit my website!

SamSellsTucson.com

 

Happy Memorial Day!

"Our heroes are those... who... act above and beyond the call of duty and in so doing give definition to patriotism and elevate all of us.... America is the land of the free because we are the home of the brave."

-David Mahoney

Samantha Lorefice | Realtor®, e-PRO
Dir 520-548-3957 | Email | Website
 

 

I came accross this great blog today by Dan and Rachael Polakovic that I really wanted to pass along! I just love reading quotes and they have really found some great ones! We should all do ourselves a favor and head the advice found in these little gems! My favorite of their list is the one by Frank Loyd Wright.

Here are a couple of my personal favs:

A discovery is said to be an accident meeting a prepared mind.
-Albert Schweitzer

Success usually comes to those who are too buys to be looking for it.
-Henry David Thoreau

Success is the abiltiy to go from one failure to another with no loss of entursiasm.
-Sir Winston Churchill

A great website for wonderful quotes is:

www.QuotationsPage.com

 

Thanks for the inspiration Dan & Rachael!

 

Via Dan and Rachael Polakovic London Ontario Real Estate Professional (Realty Executives Elite Ltd Brokerage):

I have always been a person who looks up to those who have acheived succes in their lives.

Their words bringing me great inspiration to become what I have always dreamed to be. Here are a few that I like to turn to every once in a while... Enjoy!

The future depends on what we do in the present. - Mahatma Gandhi

Success is the sum of small efforts, repeated day in and day out.
Robert Collier

The thing always happens that you really believe in; and the belief in a thing makes it happen.
Frank Loyd Wright

There is always room at the top. - Daniel Webster

Each of these quotes have special meaning to me in a different way. All ring true everyday in both personal and professional lives.

Thanks for reading!

 

5 Important Questions Answered About The First Time Homebuyers Tax Credit

 

In my opinion, not enough people out there know about this great benefit that is being offered right now for first time homebuyers. If you buy a home between now and Nov. 30th of this year you are eligible for a tax credit of $8,000! That's a HUGE benefit!

But there are a lot of questions out there about the details. I wanted to answer the top five questions I've been hearing about the credit.

  

#1 Does the credit need to be re-paid?

No. There is no re-payment required. Repayment would only be required if you sell the property within 3 years of purchase.

 

 

 

 

#2 Is the amount 10% of the purchase price, $7500 or $8000?

In 2008 the limit was $7500 but it has been raised to $8000. More specifically, the credit amount is 10% of the purchase price OR $8000, whichever is less. So unless you are buying a home under $80,000, your credit will be $8000.

 

 

#3 What defines a First Time Homebuyer?

For the purpose of this credit, a first time home buyer is someone who has never owned a home or has not owned a home for 3 years prior to this purchase. Also, the home purchased must be used as the primary residence.

 

 

#4 Are there income restrictions?

Yes. An important term to remember here is Modified Adjusted Gross Income (MAGI). If you're not familiar with this term you can find your MAGI by looking at:

Line 37 on your IRS 1040  or  Line 21 on your 1040A  or  Line 4 on your 1040EZ
Or can consult your tax professional.

The limit for a single taxpayer is a MAGI of $75,000 or less. The limit for married taxpayers is a MAGI of $150,000 or less. Keep in mind that there are partial tax credits available for taxpayers who exceed the income limits. Use IRS Tax form 5405 to help determine this amount.

 

 

#5 Do I have to wait until April 2009 to claim my credit?

No. You have the choice to claim your credit on your 2008 taxes or wait until you file your 2009 taxes. Even if you have already filed 2008 taxes you can file an addendum to receive your credit.

 

 

***Please note that it is always advisable to consult with your tax professional when looking for advice regarding your taxes***

 

www.SamSellsTucson.com

 

There are two major events happening in the Tucson area this week. Many visitors from all over the world are expected to blow into town. Tourists, fans and even celebrities! The two events I'm speaking of are the 84th Annual Tucson Rodeo and the Accenture Match Play Championship.

 

Here's a little history about the famed Tucson Rodeo, aka Fiesta De Los Vaqueros. It all started in 1925 when a man named Leighton Kramer decided to put together an event that would attract visitors to town as well as showcase Tucson's "wild west" roots. Oddly enough, Leighton was also the president of the Arizona Polo Association. Even though this was during the prohibition era and many local businesses didn't support the idea, the first Tucson Rodeo was a huge success. The rodeo parade was led down the middle of town on the dirt streets viewed by more than 300 people. The headline in the local paper in 1925 read, "cowboys are asked not to shoot up the town". The University of Arizona declared it a holiday and to this day school children in the area enjoy two days off for the rodeo.

 We've come a long way since 1925 and the popularity has soared. Today the Tucson Rodeo is in the top 25 professional rodeo events in North America. The parade is now viewed by more than 200,000 fans. Rodeo prize money now exceeds $320,000. The rodeo and the grounds have been featured in many Hollywood movies. Since 1962 the rodeo has been broadcast on national television. You will even notice many business men and women walking around wearing jeans, boots and even cowboy hats in honor of this Tucson tradition. As a matter of fact, I will be dusting off my cowgirl had and chaperoning a class field trip to the rodeo this week!

 As well as Trevor Brazile (currently the star of the rodeo circuit) being in town this week we will also be host to Tiger Woods (the star of the golf circuit). The Accenture Match Play Championship is actually held in Marana, just north of Tucson. And this year it will be played on the brand new Ritz Carlton Golf Course designed by Jack Nicklaus. Sixty four of the world's top golf players will be visiting our little spot in the desert and battle it out for the Walter Hagen Cup.

 Fans all over the golf world have much to say about this course. Touted as the longest course on the PGA tour with tricky greens. Not to mention that ticket sales have been through the roof! People are expected to come from all over to see if Tiger can come back from his recent injury or if it is someone else's turn to shine.

 Now personally, I'm not a golf fan. But I do live on the same side of town as the golf tournament. And let me tell you for the few days that the event will last this town will be buzzing! "Tiger sightings" are heard of all over town. Though they could become commonplace soon since he just completed construction on his custom home here in Marana.

 So after the tourists, rodeo fans, golf fanatics and celebrities have moved on we will be left to resume our humble desert living. But the good news is the local economy will benefit greatly and maybe Tucson and Marana will gain a little notoriety and become known as pretty cool places to be even if we are in the middle of the desert.

 

 

By the way if you want more information about these events you can visit these websites:

TucsonRodeo.com

TucsonRodeoParade.com

PGATour.com

VisitTucson.org/visitor/golf/matchplay

 

 

 

 

I am not an expert on living green by any definition. And I am going to go out on a limb here and say that there are more than a few out there that are a lot like me. We go about our daily lives, working, raising our children, dealing with the home, work and all of the other stress of daily life. We don't stop very often to think about whether we are living green. In fact, until recently, we probably didn't even know what that term meant. But now there is so much talk about "going green", "living green"; it's everywhere you turn.

 So I thought I would put together my own list of ways to make your life just a little greener. These are easy to implement and won't cost you much money. So take a look at my suggestions. Implement the ones you can live with and then you can say that you are living at least a little bit greener than you were before.

  

  • Use re-fillable water bottles.

            Drinking water is great for you! But have you ever stopped to think what happens to those plastic water bottles when you are done with them? I send my children to school every day with a bottle of water. And now the bottles they carry are re-usable. They are easy to find at almost any store at almost any price. Just make sure you keep them clean to keep those germs under control.

 

  •  Set up recycling services with your garbage collection company.

            Just contact your local garbage collection company and ask them to tell you about their recycling program. What days do they pick up? What items do they recycle? Set up a separate container in your house or garage to collect all those items that used to go strait to the landfill.

 

  • Don't let the water run when brushing your teeth.

            I've been hearing this one since I was a kid. That's what happens when you grow up in a desert. Set a good example for your children. So turn off the faucet! It's good for the environment and for your water bill.

 

  • Start using re-usable shopping bags.

            I keep them in my trunk so they are always handy. You can find them in pretty much every grocery store now days. If you don't want to run out and buy enough bags to cover your weekly grocery trip, buy one or two at a time. After a few trips you will surely have enough. There are also many places to recycle your plastic grocery bags. My son's school in the Marana School District has a collection site right on campus.

 

  •  Recycle electronics like cell phones & computers.

            It takes a little research for this one. But look through the phone book or online for companies in your area that accept electronics for recycling. I recently found a place right here in Tucson that I can take my old printer to. Companies like these have environmentally friendly ways of getting rid of everything from computers, cell phones, televisions to VCRs. Or if they still work, donate them to a charity.

 

  • Start a school carpool in your neighborhood.

            My sister-in-law and I have our own little carpool. I drop them off in the morning and she picks them up in the afternoon. In addition to being better for the environment, we both save on gas and time. Ask around at your child's school or in your neighborhood. I bet there are a lot of people willing to give it a try.

 

  • Try to use less paper towels & paper plates.

            My sister recently vowed to stop buying paper plates which is what gave me this idea. I haven't taken it that far yet. But I am trying to use a lot less of them. Just think of all of the waste that's created every time a family of four sits down to a meal using paper plates, plastic utensils and paper napkins or towels.

 

  •  Combine your errands into fewer trips.

            A lot of us started doing this when gas prices sky rocketed. But it's not only good for your wallet but also for the environment. It takes a little planning ahead but I bet you could easily reduce your trips if you give it a try.

 

  • Read the newspaper online.

            This is an easy one. You can read not only your local paper, but papers all over the country right on your computer. No papers to gather up all over the house and dispose of. I still get the Sunday paper because of the coupons and the comics! But that's only one paper a week.

 

  • Change those light bulbs to CFL bulbs.

            CFL bulbs are compact fluorescent bulbs. You know, the coiled ones. They are more expensive but they last up to 10 times longer. Change a few at a time and soon your whole house will be using less energy. In fact CFLs use approximately 75% less energy than standard incandescent bulbs. And by the way, they now have some on the market that look more like the bulbs wer are used to.

 

 

  • Try a vinegar and water mixture for your household cleaning.

            I've been using this cleaning solution for years now. I started it because I hated the toxic fumes from the other cleaners I bought. Vinegar is a natural disinfectant and when you mix it with water the odor is cut quite a bit. It works in the kitchen, bathroom, floors and on windows. Another great all natural cleaner is baking soda. It makes a great scouring powder.

 These are just a few that I came up with and do in my every day life. I bet you can come up with many more. It doesn't take much effort for all of us to make some small changes to our lives and make this world a little bit nicer!

 

 

www.SamSellsTucson.com

 

Snow in Southern Arizona!

Alright, alright, it's only a field of cotton ready to be harvested. As I was driving down the road the other day after dropping off my kids at school I came across this huge field of cotton. It just seemed to go on and on, row after row of plants just bursting with white balls of cotton.

 

 

Some of you out there in cyber world may not be aware that Arizona is known for it's cotton farming. But each year starting about October you will start to notice these fields that were previously just rows of shabby looking green plants suddenly pop with white.

Ever heard of Pima Cotton? It's grown right here in Arizona. The name derrives from the Pima indians that first tought farmers how to grow it.

 

My kids think it looks like popcorn! I think it looks more like a field of snow. Of course what do I know about snow? I've lived in Arizona all of my life!

 

 

 

 

 

 

 

 

 

An unfortunate side effect of this time of cotton harvesting is that allergy sufferers are suddenly sniffing, coughing and congested. My youngest son and my husband are among those sufferers. But like every part of the country, these are things that we have learned to live with in order to be "desert dwellers" along with the heat of summer and the lack of rain all year long.

 Enjoy these few photos I posted of our "Arizona Snow" and let me know what kind of traditional things happen in your area of the world.

 
 
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Samantha Lorefice REALTOR®, e-PRO

Tucson, AZ

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RealEstate.com, REALTORS®

Address: 10355 N. La Canada Ste. 117, Oro Valley, AZ, 85737

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