Why do buyers look at my house but not make offers to buy?

April 5th, 2017 by Michael Oliver

"home for sale with pool and palm trees"

Even in today's sellers market some homes get a lot of activity but do not find a buyer willing to buy. Here is some help for those situations.

A question that I hear a lot of others agents in our office answering goes is something along the lines of:
“We have had a lot of buyers take a look at our home but no one is making an offer what is going on?” or “How many showings does it take to sell this house?”

Is Using Charm Pricing A Good Idea When Selling A Home?

February 14th, 2017 by Michael Oliver

Priceless book by Poundstone

Small pricing differences in the list price of your home can make some large differences. This book by William Poundstone is a great read to help understand how pricing works in the real world.

Does setting a more exact list price work better for you as a home seller? Statistically yes; it gets you a higher sale price and buyers are less willing to bring in low offers.

Tucson real estate market short of inventory, sellers should look to cash in!

January 2nd, 2017 by Michael Oliver

The Tucson real estate market is strong but if you are thinking of selling a property 2017 is probably the year to do so.

In today’s Tucson real estate market inventory or the number of home for sale at levels below $800,000 are low. Updated move-in-ready homes specifically in the inner areas of Tucson are very difficult to find for most buyers. After 7-8 years of massive inventory levels that had given buyers too many options 2017 finally looks to be the year that if you are thinking of selling will allow you to get your home sold for a good to great price.

2016 was a strong year for real estate in Tucson. Here is a recap

December 27th, 2016 by Michael Oliver

"Tucson real estate market"

Here's our re-cap of the 2016 Tucson real estate market and what is selling the best!

The Tucson real estate had a very good and balanced market for most of 2016. Early in the year until November, the market had incredibly low mortgage rates offering borrowers the ability to buy much higher priced homes then they would be able to qualify for just a few years prior. This in turn, allowed many sellers to increase the asking price of their homes and buyers went along with this on average the price of a home in Tucson increased 3.8%. Many parts of Tucson are seeing heavy demand for homes currently (and have been for the last year) those areas would be;

Tucson Builders Falling Behind Expect Build Times To Increase

August 11th, 2016 by Michael Oliver

Get Ready For Longer Built Times And Higher Prices In The New Home Segment Of The Tucson Market

As projected earlier this year the homebuilders in Tucson are starting to fall behind on build times across the Tucson metro region. Homes that were being built from start to finish in January 2016 in 4-5 months are now taking 7 or more months to complete.

The main reason this is happening is due to more demand for homes then workers to build them. Homebuilding in Tucson had been in a severe slump for many years until about 2015. Between last year this time and today the demand for a brand new home has almost never been higher.

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.)

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.

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.

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.

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