Buying Tucson Real Estate

June 15, 2018

Buyers Beware - Do Not Use Burns Pest Control

So in the world of Real Estate, we always recommend buyers doing a termite inspection.  In Arizona, there are two types of homes - those that have termites and those that will get termites.

So when a buyer does a termite inspection and asks a seller to do a treatment ...

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April 17, 2018

Getting Pre-Approved Should Always Be Your First Step

In many markets across the country, the number of buyers searching for their dream homes greatly outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is ...

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Sept. 25, 2017

New MLS Area Map

With the recent upgrade in the MLS system - new MLS areas have been added and some boundaries have changed.  This is the current map.  Use these boundaries to adjust the search for your desired areas.

New MLS Areas

Sept. 20, 2017

FHA Loan Rules on Shared Wells

Here are the new basic rules for homes to qualifiy for FHA that have a shared water well:

 

“The Mortgagee must confirm that a Shared Well:

  • serves existing Properties that cannot feasibly be connected to an acceptable public or Community Water supply System;

  • is capable of providing a continuous ...

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July 12, 2017

2nd Quarter Tucson MLS Market Report

Here is our

2017 2nd Quarter Tucson MLS Market Report  

 

 

Overall - prices are up and inventory is down.  See the report for more information!

 

Click HERE to See The Report

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June 29, 2017

Home Loan Application Checklist

Home Loan Application Checklist

The thought of applying for a mortgage can be intimidating. In the past, the process was a complicated one. But mortgage companies have streamlined the process to make the application process easier. You may not need paper copies of everything since some mortgage companies can gather ...

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June 12, 2017

Family Housing Resources Has Down Payment Assistance Funds Available

FHR has reserved its current allocation of WISH Funds

They still have HOME funds for 3.5% up to $3,700,

Which requires class prior to signing a contract

 

You must attend class and make appointment for counseling/eligibility

So they are ready when WISH funds become available later ...

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June 2, 2017

Qualifying for Self-Employed Individuals

Qualifying for Self-Employed Individuals

 

Most loan programs require 2 years of self-employment for income from the business to be considered long-term and stable. Some exceptions do apply. These exceptions are most likely to be in the conventional, conforming loan programs rather than jumbo loans.

 

Individuals that have ...

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Feb. 24, 2017

Fed Plans Aggressive Rate Increases

Interest rates play an important role in real estate.

For buyers, the interest rates often determine how much house a buyer can buy.  When a lender prequalifies someone to buy a home they are looking at ratios between income and current expenses.  Those ratios determine how much of ...

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Feb. 7, 2017

End of Tucson's P2P Down Payment Assistance Program...Another is still available

The 10% Down Payment Assistance program known as P2P Program has ended

As you may already know the wonderful P2P program that offered 10% DPA has now ended because all of the funds allocated to Tucson have been exhausted.  Many of our customers in our Tucson market had taken advantage of this great ...

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