Archive for September, 2008
Buying Foreclosed homes in Arizona
Buying Foreclosure Homes There is a lot of talk today about the number of foreclosures flooding the real estate market. Many buyers looking for deals lean toward foreclosures believing they can buy 20…30…maybe even 40% below market. While there are amazing deals that can be found, such discounts are not the norm. In fact, according to [...]
Are we in a housing Crisis? CNBC By Dennis Kneale
We have been reading all kinds of commentary regarding the housing crisis…mostly negative. We found a terrific commentary on CNBC by Dennis Kneale….enjoy the clip from CNBC. The Tucson market continues to stabilize as our active inventory continues to decline. with 7,763 active listings, this shows a 13.95% decrease over a 2008 high of 9,022 [...]
$7500 Cash Back To Qualified 1st Time Homebuyers
On July 30th, 2008 President Bush signed the "Housing and Economic Recovery Act" into law. One of the most fabulous items is: $7500 CASH BACK TO QUALIFIED FIRST TIME HOME BUYERS!!! YES – YOU can buy a home and get $7,500 cash back courest of the US Government! House prices are DOWN, Interest [...]
Tucson Market Hot With Real Estate Buys!
Why Wait? Buy in 08! In this market it isn’t uncommon for realtors to be asked frequently, “What do you think… is this the right time to buy?” It’s a loaded question. And in these uncertain economic times, solid answers are elusive. However, there are strong indicators that it is an excellent time to buy – especially [...]
First Time Homebuyers Qualify for a $7,500 Tax Credit
Whooooah! Good News for :First time homebuyers! The Housing Stimulus Bill has passed and now first time homebuyer’s have the opportunity to use the $7,500 tax credit. There are some requirements: A first time home buyer is a buyer that has not owned a home in the past three years. Their adjusted gross income (AGI) [...]
What’s really going on with the housing market?
It has been a rough summer in Tucson, Arizona for the real estate market. Although our business is up 8 percent this year…the housing market in Tucson remains slow. So what happens now that the U.S government has decided to take over Fannie Mae & Freddie Mac? How will it affect the housing market? Alan [...]
Buying a condo requires due diligence
If you are considering a condo purchase consider contacting the Home owners Association board the following questions: 1. What percentage of the condos are owner-occupied? What percentage are rented out? The higher the percentage of owner-occupied holds better resale values. 2. Ask for a copy of the bylaws and CCR"S or the restrictions that govern [...]
Tucson, Arizona 2008 Property Tax rates
The 2008 property taxes have been released. To view your tax rate click here, Enter the property information then click on "Treasurer Tax" to get the tax amounts.
