|
Most recent items from this feed:
Tucson Market Statistics: July 2008
These stats are horrible! No one expected anything different, but to be honest, a surface look at these stats gives the impression that the market is in a complete freefall. But, I think you would be wrong. These numbers reflect the past, not the future. In my opinion, these are most likely some of the [...]
08/19/2008 05:31 PM
Where Are All the New Home Communities?
I think it’s obvious in the current real estate downturn that fewer builders around the country are willing to open new communities. There is too much uncertainty regarding sales prices the market will support. Builders don’t know if they will be able to make any money at all. Here in Tucson, very few new home [...]
08/19/2008 01:56 AM
Introducing the Million Dollar Listing Service
What exactly is “Full Service” when listing your home? I know almost every agent working for the non-discount companies (i.e., Long Realty, Century 21, Coldwell Banker, Long & Foster, Exit, Remax, and many others). These companies and their agents preach “full service,” and to be fair, overall you do receive a lot more with these [...]
08/17/2008 01:55 AM
Lewis Management Wants To Charge Sellers $225 for Every Deal That DOESN’T Close Escrow!
Can this be right? Lewis Management manages many Home Owner’s Associations (HOA’s) in Tucson AZ. We have recently discovered that if you are a member of one of their HOA’s and have engaged in a contract with a buyer for your home, you will owe Lewis Management $225 even if the deal does not close.
At [...]
08/13/2008 05:29 PM
How to Make Your Contract Look the Best
Many people have little understanding of the process of purchasing a home, especially when it comes to the subject of real estate purchase contracts. In this post, I will discuss contracts, explaining how deals fall apart and offering suggestions for how they can be strengthened.
Let’s say you want to “make an offer on a home.” [...]
08/09/2008 06:50 PM
How to Make Comparisons When Buying a New Construction Home
When shopping for a new construction home, few potential buyers get into the important details that would help them make appropriate comparisons. One item that most buyers consider but don’t evaluate deeply enough are the standard items included in the price. Some builders are notorious for what they do or do not include. National [...]
08/06/2008 04:57 PM
Big Changes For Buyers Using FHA Financing
On July 14th, the FHA (Federal Housing Administration) changed their guidelines for the cost of mortgage insurance. Prior to July 14th, borrowers using FHA financing paid a monthly mortgage insurance factor of .50% and an up front mortgage insurance premium of 1.50% for any 30 year financing. It did not make a difference [...]
08/01/2008 03:18 AM
|