Tucson Real Estate Blogs » Tucson Real Estate

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 the 'Tucson Real Estate' Category

Home Selling Strategies

May 29th, 2008 categories: Tucson Real Estate

In a market where buyer confidence is slowly returning it is important to have a strategy if you expect to sell sooner than later. The Tucson real estate market is still reeling, but, not as much as Phoenix, Stockton CA or other areas. Most home sellers, even in the Tucson Real Estate Market, like to set a price and hold. Losing opportunity and eventually selling for much less than they could have gotten. You’ve heard it before, Proper Prior Planning Prevents Poor Performance. Having a strategy (prior planning) can make a difference on whether a home sells (prevents) or does not sell (poor performance).

(more…)

Authored by Doug Trudeau | Discussion: No Comments »

Tucson Real Estate Market May Golf Home Sales Looking Good

May 28th, 2008 categories: Tucson Golf Community, Tucson Real Estate

With four days left in the month of May, three of which are working days, Golf Property sales are looking good. Tucson’s real estate market is already seeing more Golf Property sales than in April, and the month isn’t even over. To date there have been 36 recorded sales. The lowest for $140,000, the highest for $850,000. The average and median so far are at $370,600 and $318,250 respectively.

What makes Golf Properties hold up better than the rest? One would be a differently type of buyer. Most homes along golf courses are either owned by professionals or retirees. In either case buyers with a healthier financial portfolio.

Another would be the views that most properties along a golf course offer. The lush fairway, the majestic mountains, the valley, the sunsets, and some the wild life of the water hazards at dawn and dusk.

Golf properties represent less than 4% of the Tucson real estate market of available homes. Not a large percentage. Of the 8,715 homes available on the market, only 335 are golf properties. Of the 699 recorded sales to date for the month of May 5.3% are golf property sales. With limited information, since the month isn’t over, 11% of the golf properties available have sold this month. Month by month the average and median sales price for golf properties have been approximately $100,000 above that of the overall market.

There are new golf property subdivisions headed to Tucson and Marana within a matter of weeks. Nestled in the Tortalita Mountains with the the Ritz-Carlton Resort in the back drop and where the Accenture Match Play Championship will be played every year. Thats another topic.

From Tubac to Saddlebrook, to Vail, there are a variety of golf properties already available in Tucson. What’s stopping you from taking advantage?

Authored by Doug Trudeau | Discussion: No Comments »

Home Buyer Beware, Short Sales Are Not What You Expect

May 27th, 2008 categories: Tucson Real Estate

We have all heard, “Every village has an idiot.” Well, that’s not true. Our mortgage lending industry has deprived a lot of villages. I don’t mean loan officers. I mean the people at the main office out of touch with how transactions are completed in different parts of the country. If you have never been frustrated, try involving yourself with a short sale. What’s that old say, “The only thing that is definite are death and taxes.” You can add “Short Sales are definitely frustrating.” You have to laugh while going through one to maintain your sanity.

Let me walk you through an experience with a short sale. Finances changed, the housing market declined, so a reader referred someone (the Seller) to me for a short sale. Innocent enough on the surface.

(more…)

Authored by Doug Trudeau | Discussion: 1 Comment »

Home Searching On The Internet

May 18th, 2008 categories: Tucson Real Estate

Internet Real Estate Buying Anyone you talk to will tell you that a vast majority of home buyers start searching for a home on the Internet. In today’s world of technology the “Duh” factor comes into play when it comes to buying and buying smart. Estimates are as high as 80% of home buyers begin their search on the Internet. Personally, I believe it is more.

Lets see, I need an air filter for my truck. At $3.51 a gallon do I really want to drive five miles to find out they don’t have any? So I jump on the Internet check the local store and yes they supply what I need. Their phone number is there for the local store, called, they have two left. Now I can go buy.

I needed a wireless connection for my printer. Checked at the store while out doing other things, $99. Checked on EBay through the Internet, and got it for $47.99 plus $5.00 shipping. Works great. Would have spent more on gas than the shipping.

Need to renew prescriptions? Go to the Internet. Need to shop for a car? Internet. Need the latest news? Internet. After all, aren’t you reading this right now on the Internet? So, why should real estate be any different?

No wonder so many home buyers of all ages are looking for a house on the Internet. There are pictures, maps, comparisons. Careful about the comparisons, they can be misleading. There is information about neighborhoods, schools, nearly everything. It has gotten to the point that rarely do I have a client who cannot/does not access information on the Internet. A large majority of the clients I work with find me on the Internet. I Google myself sometimes to see what others see.

(more…)

Authored by Doug Trudeau | Discussion: 1 Comment »

Short Sales, What Can Buyers Expect?

May 14th, 2008 categories: Tucson Real Estate

What is a short sale? When a home owner can no longer afford to make payments and must sell their home for less than what they owe on the mortgage, it becomes a short sale. For simplicity, we will call this person the seller. The lender is accepting less than (short of) the amount left on the note. There is a lot of red tape involved in a short sale. It takes much more than the usual time, and other offers may come in while waiting.

Normal transactions require a mutual consideration between the buyer and seller. The buyer offers a specific price with a defined closing date. Other conditions may apply as well. The seller considers the offer. If all is well, the seller accepts. If not the seller may counter offer. Once acceptable conditions are negotiated, there is mutual consideration and there is a binding contract. Normally within a few days or hours a deal is struck. Sounds simple enough. Not so easy with a short sale.