Where Do You Find Tucson Arizona HUD (“HUD”) Homes?

December 31st, 2008 by Michael Oliver

Finding HUD homes in Tucson AZ can be challenging (to say the least) if you don’t know where to look. So I figured I would provide the link so potential HUD Home buyers looking to buy in the Tucson area can search the database for themselves. The Link to see all the HUD Homes on the market is as follows: http://www.mcbreo.com/st_azmain.htm Now if you go here you will need to select the city, or zip code and DO NOT be surprised not to find very many homes on the block…Don’t ask me why but very few HUD Homes ever really come up right now there are more then I have ever seen in the past couple years. I think a lot of it has to do with these homes are the always “in demand” as they offer usually pretty good deals. The only hitch as a buyer is that you must use a “HUD Approved” real estate agent/broker to represent you on the purchase. If you don’t use an agent or you don’t use one that is “HUD Approved” you CANNOT buy a HUD home! (And no I’m not making this up to get more business…However I do think it is interesting since I am one of the few agents (Realtor(s)) in Tucson who is HUD approved and has HUD keys to get into these homes.)

Which Tucson Homebuilders Are In Trouble?

December 30th, 2008 by Michael Oliver

As everyone knows the past 3 years have been pretty hard for Tucson Homebuilders, but which builders are actually in trouble? Well if you go to the State of Arizona Department of Real Estate they actually make builders that are in trouble (IE: That builder has had Mechanic’s liens, Trustee Sales, Bankruptcy Disclosures filed.) put all buyer earnest money deposits within a neutral escrow account to protect the buyers from losing deposit money by a builder going out of business.

Time To Refinance Your Home? Take A Look

December 29th, 2008 by Michael Oliver

Here is a video I came across and it gives some good advice on if refinancing is or maybe isn’t a good idea. It also goes over what lenders are looking at when lending in today’s marketplace.

As always I recommend Marissa Thomas to get more info on refinancing (or purchases for that matter) if your looking to get more info Marissa can be reached at (520) 250-2902 or www.MarissaThomas.com

Current Foreclosure Deals In Rancho Sahuarita. Foreclosure/REO/ Bank Owned Homes For Sale In Rancho Sahuarita.

December 29th, 2008 by Michael Oliver

For those buyers currently sitting back waiting for the real estate market to come to them especially in the Rancho Sahuarita area (or Sahuarita area in general) it maybe time to step up to the plate. Take a look at some of these “finds” currently on the market awaiting a buyer. These homes are all foreclosure properties/ homes that had been repossessed by the lenders. However unlike a lot of foreclosure homes (also known as REO homes and bank owned homes/ properties.) these homes seem very clean and in very little need of repair. It would seem to me that these properties would be idea l for a buyer looking to make a purchase to step up to these. Now these three homes are all under $150,000 in price however they are very nice homes for the dollar, especially in Rancho Sahuarita. Regardless of price range, area, or type of home right now in the general Tucson area all homes are on deep discount. These homes can show just how steep that discount in specifically in Rancho Sahuarita. Take a look at these homes for sale.

What I Think 2009 Will Bring To The Tucson Housing Market

December 29th, 2008 by Michael Oliver

I think on the whole 2009 will be a tough year for the economy, as the current recession that the US is facing could stretch for some time. However I think with the government intervention that has already started to take place (and will continue to do) the real estate markets will recover. (at least here in Tucson) Not all real estate markets decline or recover at the same time so again this is specific to Tucson AZ. With that being said here are my views on where I think things will be. Now just as a disclosure I don’t plan on being “right” trying to predict anything is about impossible and trying to predict a real estate market is guesswork at best due to how things can change and all the dynamics that take place.

If You Need 100% Financing Learn About The USDA Rural Loan Program To Help You Buy In The Tucson Area.

December 26th, 2008 by Michael Oliver

Since 100% is pretty tough to come by (especially first time home buyers) these days I thought a post about the USDA Rural loan program maybe benificial reading for those that need/want to be able to obtain a 100% loan. Now this type of loan is not available to all people since the property your’re looking to buy must be in what the government dictates as a “rural” area. However the “rural” area classification is pretty large; areas such as Rancho Vistoso, Rancho Sahuarita, West Tucson, and many parts of other very established neighborhoods in the Tucson area are classified as eligible for a USDA Rural Home Loan.

2009 Looks To Be A Rough One For Commercial Real Estate In The United States

December 24th, 2008 by Michael Oliver

This article is from www.realtor.org and talks about what issues and expectations that should impact commercial real estate in the United States for the next coming year (2009). I thought this article was decently interesting as it does bring up some serious issues that are relevant to Tucson Arizona’s commercial real estate market.

Since commercial property performance usually tracks economic conditions, it will come as no surprise that 2009 looks like a challenging year for commercial real estate owners, brokers, and managers.

“The weak economy has shifted the fundamentals in commercial real estate,” says NATIONAL ASSOCIATION OF REALTORS® Chief Economist Lawrence Yun.

National Existing Home Sales Were Down Significantly Last Month

December 23rd, 2008 by Michael Oliver

This report is from CNNMoney.com and the stats as predicted here earlier this month show that existing home sales across the nation were down significantly. Here in Tucson we saw a large decline in home demand due to (what I foresaw) as loss of buyer’s confidence due to October’s stock market declines. Here while a couple weeks later from when I first published my thought on the subject it has been confirmed in the National home sales numbers as well.

NEW YORK (CNNMoney.com) — The number of existing homes sold during November plummeted 8.6% as prices plunged by record amounts, according to a closely watched housing industry report issued Tuesday.

The 2009 Selling Strategy To Get Your Home Sold

December 23rd, 2008 by Michael Oliver

2009 more then likely will be a tough year for individual sellers to sell their homes in. The competition from the foreclosures and new home builders in the market will really pressure individual sellers to be able to compete in an already crowded marketplace. Here are the theories that I think will be mandatory to being able to keep up with the market as a seller in 2009.

Bad MLS Pictures Strike Again!

December 22nd, 2008 by Michael Oliver

We have covered this story a few times in the past but still it amazes me some of the pictures professional agents take and then publish for the world to see. Here are some of the new pictures that I have seen on the MLS to portray homes for sale. One note is that the absolute vast majority of listings have good (or at least decent) pictures to display the property in an encouraging and beneficial way. These examples are the “exception” but if common sense prevailed someone would just take a better picture….Or not use the one they have that clearly isn’t helping in anyway, and makes the buyers think “Why would anyone use a picture like that.” SO with that being said here are a couple bad ones I can’t figure out:

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