A few stories are out this week that are top headlines for Tucson real estate:

The Tucson Arizona Department of Real Estate office will close its doors on Tuesday May 31st.  The office was located in downtown Tucson, and because of cutbacks had been operating on a limited schedule - only open a few days a week.  Although it's disappointing to see southern Arizona lose this office - which handled agents' license applications and renewals and consumer complaints against real estate professionals - there is a main office in Phoenix that is open Monday through Friday.  Most of what was done at the Tucson office can also be handled online.

Tucson home prices are expected to drop to an all-time low by the end of this year and then rise 7.2% at the beginning of 2012 according to experts.  Tucson buyers are still looking for bargains and "steals" and with bank owned homes dominating the market at very low prices, it's not hard to find a good price.  But I don't expect prices to drop much more than they already are and, at least here in Tucson, if you are going to buy - this really is the time to do it!

And who would believe that a Tucson man fought the law and won!  It was "man vs. county" and the law of eminent domain. Eminent domain is the authority that allows municipalities to seize private property under certain circumstances when it serves the public good.  Pima County wanted to acquire the property a man had spent years making accessible for himself.  The man has had polio since childhood and today uses a wheelchair to get around.  He bought a home in 2003 that would suit his needs and poured over $100k into the property to make paths and small roads that his wheelchair could maneuver around. Even after the county offered him more for his home than he paid - he did not want the money - he wanted his home!   After a three year battle with the county - he finally prevailed. And he gets to keep it now! Yay!

Buying or selling Tucson real estate, Mt Lemmon, Tucson bank-owned homes, Tucson rental homes, or Tucson lease option homes? Visit www.KGCPropertiesLLC.com!

                                     

 

This blog is written with my opinions and my opinions are presented with accuracy but not guarantees. Please talk to a professional before making any real estate, financial or agency decisions.    Gabrielle Kamahele Rhind - 2011. If you want to reprint parts of this - just email me for my permission:TucsonsRealEstate@gmail.com.

 

1 Comments on Top Tucson Real Estate Headlines This Week!

MAY
10
2011
279,326 Points 2 Featured Posts Outside Blog Called Shot Master

GOOD EVENING GABRIELLE!Thanks for the cool story of the man who worked so hard to make his property work for his disabilitywinning out over the politicians. What did they want his land for?
8:40pm • #1


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Gabrielle Kamahele Rhind, Broker/Owner

Tucson, AZ

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KGC Properties LLC, Tucson Property Management & Real Estate

Address: PO Box 18621, Tucson, AZ, 85731

Office Phone: (520) 245-0242

Cell Phone: (520) 245-0242

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