Douglas Trudeau , Assoc. Broker
Prudential Foothills Real Estate
64 N. Harrison Road, Suite 160
Tucson , AZ 85748
Mobile: 520-954-2209
Contact Me
Tucson Real Estate Best Time To Buy A Home
The headline in the Sunday Arizona Daily Star was “Now may be best time to buy a home.” With the number of homes on the market sellers are wanting to sell for much less than they were months ago. Foreclosures are up, as are short sales. The great thing about the foreclosures and short sales for buyers is that lenders and bankers haven’t figured out how to lose less money by refinancing or renegotiating loans for less loss. They would rather get all of their money from the homeowner, rather than get outside the nine dots.
Linda Stern commented that now is a “Great time” to buy a house, with a guide on how to be smart about it. She recommends doing your homework. Know your market, find the right mortgage, and expect to keep that mortgage for a long time. For resale homes look at the history of the market and make an offer.
Builders are offering incentives all over the city. Look at what you can get for less. Deals are being offered for closing costs, improvements at a reduced price, homes that buyers failed to finalize and are now spec homes that the builders do not want on their inventory. Shopping around for the right deal can get you more home for less money.
If you have the patience and tolerance to work with banks and lenders short sales and foreclosures may be the way to go. Talk to your lender to make sure you have all your ducks in a row and go for it.
Wait too long for the market and you may find yourself paying more and getting less. Babyboomers moving to Tucson will find some great deals. The key to any home buying today is to buy a home and stay in it for three, five, seven, ten or more years. Expecting to buy today and make a quick buck tomorrow is not going to happen. Buy smart!
Leave a Reply
Submit Email For Feed
Really Simple SyndicateCategories
- Real Estate News
- Tucson Real Estate
- Tucson Golf Courses
- Tucson Golf Community
- Tucson Golf Events
- Tucson Golf Resorts
- Tucson News & Events
- Just Because
Archives
- November 2008
- October 2008
- September 2008
- August 2008
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
- February 2008
- January 2008
- December 2007
- November 2007
- October 2007
- September 2007
- August 2007
- July 2007
- June 2007
- May 2007
- April 2007
Favorites
Tucson Golf
- The Pines
- Tucson Municipal
- Starr Pass Golf Course
- The Gallery
- El Conquistador
- La Paloma
- Ventana Canyon
- Tucson National
- Arizona National
- Heritage Highlands
- Grand Valley GC
- Forty Niners
- Tubac Golf Resort
- Torres Blancas
- Canoa Hills
- Conoa Ranch
Blogroll
- Real Estate Tomato
- Tomato Blogs
- Tomato Tutorials
- SoundBiteBlog
- A Mortgage Guru
- Posh’d
- Consumer Mort Rep
- Central Denver
- Inspector Chronicles
Quick question…
I keep hearing that all sorts of folks are coming here to retire. If the market is slow just about everywhere, who is going to come here?
October 24th, 2007 // bobby joe
Just in the past week I have met buyers from Ohio, Iowa, Alaska, Washington, Illinois, and California. In the same week I answered e-mails from buyers asking about Tucson who live in Florida, Illinois, Colorado, Wisconsin, New York, New Jersey, Virginia, Pennsylvania, and Texas.
Home buyers are looking at Tucson from all over.
October 24th, 2007 // Doug
Best on the vine this week. Doug Trudeau covers the Tuscon real estate scene, and shares why buyers should not wait to buy. Now is the time people!
October 26th, 2007 // The Best on The Vine This Week
Charles - Thanks for the mention.
October 26th, 2007 // Doug