Tucson Real Estate Blogs » 2007

Tucson Real Estate & Golf Properties

Douglas Trudeau , Assoc. Broker
Prudential Foothills Real Estate
64 N. Harrison Road, Suite 160
Tucson , AZ 85748
Mobile: 520-954-2209
Contact Me

Archive for October, 2007

Home Buyers Should Know How To Protect Themselves

October 4th, 2007 categories: Tucson Real Estate

Many buyers are unaware of the type of Title Insurance they are paying for when buying a home. In Home Buying 103 I briefly covered the different types of policies buyers should be looking for. Questions to ask:

What type of coverage am I getting?
What type of policies are available?
How much will additional coverage cost?
What does each type of policy cover?

A recent home buyer, who happens to be an agent in our office, has faced numerous mechanic’s liens on his newly acquired property. Not paying attention to the type of policy he received from the title company, he ended up with a standard policy. Now he has over $15,000 in liens against his property with no insurance to cover. I solicited the assistance of Dina De La Ossa, Escrow Officer, to help explain.

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Authored by Doug Trudeau | Discussion: 2 Comments »

Tucson Real Estate Preliminary Home Sale Report September 2007

October 4th, 2007 categories: Tucson Real Estate

Tucson real estate sales for the month of September dropped lower than they have been in over 10 years. In 1996 home sales were 623, the following year they jumped to 728. The September 2007 reported real estate sales in and around Tucson was only 683. Much lower than anyone could predict. I fully anticipated between 800 to 900 sales for the month. The beginning and middle of September seemed to point in that direction.

Sales always slow down a little going into the fall. Of course those of us in the real estate industry in Tucson expect a slight from for September as we do every year. This is the first September, however, since 2002 that sales have been below 1,000 for this month. Add to the frustration for home sellers the fact that there are over 9,148 homes for sale and we are looking at an all time high of 13.65 months of inventory. What does that mean?

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Authored by Doug Trudeau | Discussion: No Comments »

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