February 26th, 2010 by Michael Oliver

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New home sales came in at a very low level last month (January) in fact the sale levels were the lowest ever recorded  in over 46 years! New home sales generally are

New Homes Fell Off A Cliff In January Nationally Tucson Is Doing Better Then Most However

weak in January but the stats showed a annual level/ rate (seasonally adjusted) of 309,000 new homes. That rate is almost impossible to believe even an anemic rate comes in at roughly at a 400k new home pace. I think this is a bottoming out of sorts for the new home industry in my experience the Tucson new home market while still in recovery is doing better then most markets.

New Home Statistics, new homes tucson, Tucson new homes

February 25th, 2010 by Michael Oliver

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The higher end of the Oro Valley foreclosure real estate market is seeing some nice listings come on the market. Recently I have seen

This Oro Valley Foreclosure Is Currently On The Market For $349,900

several high quality foreclosure homes within Oro Valley, these homes are newer and seem priced well considering the size and quality of them and the higher end neighborhoods in which they reside. Oro Valley Foreclosures are like a lot of other Tucson areas (including the foothills) where foreclosures are in almost every price range and home type. Oro Valley as a whole offers a smaller number of high quality move in ready foreclosure homes but has a high amount of short sales leading many to believe the supply of higher end foreclosures will be available for some time as the Oro Valley housing market is still in a recovery state.

bank owned homes Oro Valley, Oro Valley AZ, oro valley foreclosures, Oro Valley Real Estate

February 24th, 2010 by Michael Oliver

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New short sale procedures are about to be enacted by the Federal Government through a program called “HAFA” or the Home Affordable Foreclosure Alternatives program. Effective April 5th, 2010 through December 31, 2012 this new government program is intended to speed up and dramatically increase the effectiveness of those sellers trying to do a short sale. The program is set up to get short sales approved and closed in time lines that before this program was set up would never be possible.

Here is the OLD way a short sale would happen/ close escrow:

new HAFA short sale process, short sales

February 23rd, 2010 by Michael Oliver

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Buyers have many of new home options available to them within Rancho Sahuarita in Sahuarita Arizona. Over the past 2 years most of all of the new homes in Rancho Sahuarita have been re-tooled by there respective builders to allow them to build more home for the money. Richmond American, KB Home, and DR Horton rolled out brand new floor plans to compete in the ultr affordable segment of the Rancho Sahuarita market.

New Homes Rancho Sahuarita, Rancho Sahaurita

February 23rd, 2010 by Michael Oliver

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Rita Ranch is a popular master-planned neighborhood on the southeast side of Tucson along Houghton and Rita Rd. Homes in the neighborhood are always coming on and off the market as there is a constant demand for them. Rita Ranch is within the 85747 zip code. 85747 Homes are highly coveted due to there location close to DMAFB and access to I-10 as well as Tucson’s east side. The best deals in Rita Ranch however sell quickly as buyer’s quickly scoop them up. In todays market foreclosures, short sales, and sometimes individual sellers with equity are where the best deals on homes are at. In Rita Ranch some new homes are still available however they are just outside “Rita Ranch” yet in the same general area. Homes in Rita Ranch Start in the mid 100k’s and can range up in price to the low $300k;s depending upon the size and amenities.

Rita Ranch, Rita Ranch Homes

February 23rd, 2010 by Michael Oliver

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Getting ready to purchase a home is a exciting process.  Becoming a homeowner is one of the best feelings in the world.  Here are some things a VA borrower can expect on the road to being a First Time Home Buyer.  The VA loan was designed to help veterans become home owners with no money down.  The VA is not a lender, but they act as a mortgage insurance company that provides mortgage insurance to lenders who are approved to offer VA loans to veterans.  The VA has lending guideline in addition to the mortgage companies’ own guidelines.  Veterans must qualify for a VA loan;  just being a veteran does not automatically qualify you for a loan.

Buying a home using a VA mortgage, VA Loans

February 22nd, 2010 by Michael Oliver

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Since Tucson is home to a major Air Force Base (Davis Monathan) as well as a highly demanded retirement area

VA Loans Are Great Options For Veterans Looking To Buy a Tucson Home

for retired veterans it makes sense many home purchases are VA home purchases in the Tucson Arizona area. VA Homes are any homes bought using a VA (Veterans Administration) mortgage -or- those properties foreclosed on by banks that were backed using a VA loan. Those homes are then re-sold and in many cases VA home foreclosures offer a great way to buy a home in Tucson Arizona especially for first time buyers in the military.

VA Home Buying, VA Homes In Tucson AZ, VA Loans

February 21st, 2010 by Michael Oliver

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Buying Tucson investment property from banks that have foreclosed upon it is one of the best ways to buy distress property

The Tucson market offers deals for investors currently

at phenomenal prices. Distress investment property in Tucson is available for sale in all segments of the Tucson market. The best Tucson investment property deals generally are sold before they hit the general market or are at least highly known about when they do officially go on the market for sale. Bank managers, asset managers, and servicing managers responsible for selling  foreclosed assets have many contacts these contacts (Realtors) spread the word to their A-list clients and those clients (generally professional Tucson investors) act on those tips generating the sale of a bad asset for the bank, commission for the investor’s Realtor, and netting the investor an asset that will be sure to make them a return.

investing in tucson real estate, Tucson investments

February 19th, 2010 by Michael Oliver

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Since I started this Tucson real estate blog over 2.5 years ago I have received a lot of inquiries from other Realtors across the country on how to make their real estate blog more effective and a better business tool as well as a marketing vehicle for them. So with this post hopefully it will help those wanting to understand the basic principals behind quality real estate blogging or blogging for business in general regardless of the field.

blogging, real estate blogging, Tucson blogs

February 18th, 2010 by Michael Oliver

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FHA and VA Loans Allow First Time Buyers to Buy A Home With Little Down

In Tucson Arizona first time buyers have different options as far as mortgage/ home loans. An FHA loan in Tucson is a great loan for first time buyers. The FHA home loan/ mortgage (Federal Housing Administration) is guaranteed by the Federal  Government through the FHA for mainly first time homebuyers to obtain real estate financing. An FHA Loan requires just a 3.5% down payment and closing costs can be paid for by the seller if negotiated into the purchase agreement by your Realtor. FHA loans are generally easy to obtain and the vast majority of first time buyers in today’s market are using them to buy their first Tucson home. This loan was set up during the depression and has literally helped tens of thousands of first time buyers in Tucson over the years. Currently over 2500 Tucson First Time Home Buyer Homes Available!

FHA Loans, Mortgages, Tucson Mortgages, VA Loans