>

Top 3 Things To Do Before Listing Your Home For Sale

November 2nd, 2015 by Michael Oliver

Deep Cleaning A Home Is A Must If You Are Serious About Getting Top Dollar. Few People Spend The Time To List A Home Properly For Sale However Allowing Those That Do To Really Standout!

In the Tucson area right now the northern part of the region is seeing high demand for newer, updated, single story homes. The best areas to sell in right now are; The Catalina Foothills, Oro Valley, as well as the inner NW region (think 85658/ (Dove Mountain), 85742, 85743, 85741 zip codes). Those areas for newer updated single story have more demand then there are homes available currently, but what should you do before listing your home for sale?

Should You Buy A Single Story Or Two Story Home?

October 16th, 2015 by Michael Oliver

One story homes offer owners the best of both worlds; maximum livability as well as more value down the road! When looking at homes for sale look at the home types as much as the neighborhood and features!

Most buyers never consider this question but they should, and here is why: When the day comes you want to re-sell your home, the difference between a one and two story home is somewhat surprising. Here are the findings from statistics I recently did on the subject. The two most obvious stats are these;

Current Tucson Market Update; Oro Valley/ Foothills Markets Strong

October 5th, 2015 by Michael Oliver

This New Listing Of Ours At 8851 Riviera In Oro Valley Has Had Four Showings In Four Days On The Market ! This Is An Example Of How Strong Buyer Demand Is For The More Updated Homes Currently!

The Tucson market is currently going through a shortage of quality inventory with sellers sticking to their prices to make deals. We have seen this tightness in the market a few times over the last 3 years and generally as soon a bit more inventory hits the market; prices get more flexible with sellers not wanting to lose their sale. (That has not yet happened though in this cycle.)

What College Major Can Afford The Most House 10 Years after Graduation?

September 18th, 2015 by Michael Oliver

Here’s an interesting chart put together by Realtor.com they studied the top 10 most popular majors and then looked at on average how much home each could by 10+ years after graduation. Here is what they found (In my experiences of being a real estate broker in Tucson those clients that are medical doctors, and business owners are those that can afford the largest home purchases)

 

Mechanical Engineering Tends To Allow For The Highest Average Home 10 Years After Graduation. However as mentioned prior in my experiences becoming a medical doctor, or starting a business yields even more in home buying power.

 

Homes With Solar Panels/ PV Home System For Sale What To Know?

August 31st, 2015 by Michael Oliver

Have a home with a solar system and want to sell in the future? Selling a home (or buying one) with a solar system can be done, but there are certain ways to do it properly. Here are some things we have been looking at when we sell properties with PV or solar systems/ panels?

If you would like to buy or sell a home with solar panels contact us today as we have successfully handled these sales previously. Items in regards to the solar panels will come up and it is important that you have a Realtor experienced in how the systems are owned/ how they operate/ and value is derived from them. We understand all of these issues and will be able to resolve them regardless of what side of the transaction you find yourself.

DR Horton Offers Red Tag Event In Tucson

August 13th, 2015 by Michael Oliver

Something new that DR Horton just rolled out today is what they are calling their “Red Tag Event”. I guess since car companies do it a home builder may benefit as well. Basically what they are doing is dropping prices on their spec homes they have had in inventory for a while. In Tucson this works out to about 18 homes. While the pricing is low in most cases in others it’s no low enough as I have seen the majority of these spec homes (also called inventory homes) while showing clients property in the last month.

Jumbo Loans Easing/ Down Payments Recently Being Lowered

August 4th, 2015 by Michael Oliver

Banks are starting to get more comfortable with lending in the jumbo loan market compared with just a few years ago. Currently JP Morgan just released a statement stating they would now look at 15% down payments for their jumbo loans. (A Jumbo loan is a mortgage over $417,000. Prior JP Morgan required at least a 20% down payment.)

On top of the lower rate JP Morgan also plans to start offering jumbos to mortgage borrowers with FICO (credit) scores as low as 680 from the current 740 standard. That would only apply to owner occupied mortgages and second homes/ refinances of them. This easing of credit in the mortgage market should fuel the already warm Tucson luxury home sector.

Tucson Housing Market Strong And Getting Stronger

July 10th, 2015 by Michael Oliver

This high end Catalina Foothills home we recently listed and sold in only 4 days! Not proof in itself that the market is strong ,but properly priced and marketed homes are finding buyers willing to pay premium prices right now in the Tucson market. This is the same in Oro Valley as well.

Market statistics came out yesterday for the Tucson housing market, (click the link to see them) the market here is very strong and it seems to be getting stronger with buyers looking to lock in low rates. Prices are not up an incredible amount YoY (3.67%) however by looking at the unit sales (YoY up 14%) and volume (YoY +18%) if these trends continue prices will have go where to go but up.

Mortgage Rates Jump

June 8th, 2015 by Michael Oliver

As an update to what is ongoing in the Tucson real estate markets; Mortgage rates jumped up on Friday and remain a decent amount higher this week than just a few weeks ago. Mortgage rates right now on average in Tucson are running just over 4% for a 30 yr fixed.

Just a few weeks ago the average was closer to 3.625%. While that’s not a huge difference the speed of the change is what is impacting the market. Homes that were affordable a few weeks ago are still affordable today however the extra $20-$40/ month takes a bite out of purchasing power if you are on the fringe of the upper end of your borrowing range. While mortgage rate moves of this size are rare if it were to continue the real estate markets in Tucson could see home buying demand pull back.

Have A Home With A Pool? It Pays To Sell In The Summer!

April 17th, 2015 by Michael Oliver

"Tucson Home With Pool"

Homes In Tucson With Pools Sell Best In The Summer! Not Only Do They Sell Faster They Sell For More!

I regularly track trends and statistics of the Tucson housing market; selling a home with a pool always seemed a bit different depending on the time of year. This type of home sale I have been tracking for the past 3 plus years and after some close observations it’s clear, if you have a home with a pool sell in the summer! In the winter on average a home with a pool can sell when priced correctly however, a home not selling in the winter can in many cases find a willing buyer in the summer.

« Previous Entries

Michael Oliver - Best Tucson Realtor