Buying and Selling Tucson Real Estate
These can be two of the most anxiety-producing events you'll ever do. I sell or buy Tucson homes every week - at least 50 a year, and have been buying and selling real estate for 25+ years. I know how to make it a pleasing experience for you.
I handle all aspects of Tucson relocation, from initial qualifying and pricing questions to moving companies and landscaping - I'll be here for you every step of the way. I hope these real estate tips will give you some good, general information. Please don't hesitate to e-mail me with your real estate questions. I'm glad to help.
Tucson Real Estate Questions and Answers
Q. How do I find out information
on Tucson Homes marketing statistics?
A. A Tucson real estate agent is
your best source for finding out the status of the local Tucson market.
So is your Arizona Association of Realtors, which compile their statistics
from Tucson real estate boards.
Q. What standards do appraisers use
to estimate your Tucson home value?
A. Appraisers use several factors
when estimating real estate value. Their methods include historical records,
property performance, the homes condition, and indices that forecast future
value.
Q. I need a real estate attorney,
how do I find one?
A. To find a real estate attorney,
contact your Tucson Bar Association, which may offer local referral services.
You may also ask friends or your Tucson real estate agent for this referrals.
After you have accumulated several names, call each one and find out their
fees and level of experience.
Q. Should I consider real estate
in foreclosure?
A. Real estate buyers considering
a foreclosed property should gather as much information as possible from
the lender about the property. Do a thorough examination of the property,
including a home inspection. Talk to the neighbors and the property’s
condition. You may also do a cost comparison through the local Pima County
recorder’s and assessor’s offices or Internet resources.
Q. Which Tucson homes can I afford?
A. Getting pre-qualified is the best
idea when interested in buying Tucson real estate. Feel free to check with
several lenders to find one you are comfortable with. The rule of thumb
that lenders will be asking you include:
a. Your gross income
b. Cash available for a down payment
c. Outstanding debts
d. Credit history
e. Type of home mortgage you are interested in
f. Current market interest rates
Q. What real estate programs does
Fannie Mae offer?
A. Fannie Mae is expanding their
low-down real estate programs to help more people qualify for a real estate
mortgage.
Fannie 97 – This real estate program offers the real estate buyer
a 97 % financing on a fixed-rate mortgage with either a 25 or 30 year real
estate loan through Fannie Mae’s Community Home Buyers Program.
Start-Up Mortgage – This real estate program offers real estate buyers
a 5% down payment who are at any income level. Applicants don’t need
as much income to qualify and less cash for closing than other mortgage
programs. Borrowers will receive a 30-year, fixed rate mortgage with a first-year
monthly payment that is lower than the standard fixed-rate loan.
