Patricia Paul Properties

Patricia Paul Properties

Commentary on Tucson Area Real Estate, Home Ownership, Rental Homes, and Life around the Tucson Community
Tag » Arizona Real Estate News
Aug 13, 2009
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There's still time to take advantage of the special $8,000 tax credit to first-time homebuyers (or folks who haven't owned a home for 3 years).  At the time of this writing, the credit is valid for homes purchased by December 1, 2009.  This means the home would need to close escrow before that date.  The typical escrow takes 45-60 days from date of contract acceptance.  So in other words, if you want to take advantage of this credit, you should probably have searched for and found the house you want to purchase by the beginning of October.  

The credit comes to the first-time home buyer as a credit on their federal income tax return filed before April 15, 2010.  There is a special form you must use when you file your return.  If you would like a copy of it, you can get it from the IRS website, your accountant, or I would be happy to provide you with a copy of it.

If I can help you find a home to qualify for this $8,000 credit, please contact me.  I love working with first-time buyers!  I take the time to explain the entire process and all the details.  My buyers have said I made purchasing their home stress-free, and a lot of fun. 

Patricia Paul, GRI * (520) 548-2078 *


Jul 24, 2009
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FHA (Federal Housing Administration) loans have become increasingly popular in this market.  Probably the biggest reason is because a buyer can get into a home with a low downpayment.   Currently the requirement is 3.5% of purchase price.    Also, some of the inspection and repair requirements have eased up over the years, so it's really no more difficult to finance a home using an FHA loan.  In the last year, approximately 46% of all mortgage applications were for the government backed loans.

In June the FHA set a new record, guaranteeing 186,000 mortgages, the most ever in the 75 years they've been around.

If you are considering purchasing a home and would like more information on FHA, VA, or conventional loans, please contact me.  I would be happy to put you in touch with several capable and friendly lenders who can you provide you with all the details and quote you current rates.


Patricia Paul, GRI  *  (520) 548-2078  *




Jun 28, 2009
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  3 BR/2 BA,  $1,050/month

      2 BR/1 BA,  $925/month

      1 BR/1 BA Furnished,   $750/month


I currently have several rental homes available in the Tucson area.  They are all fine properties.  To make arrangements to see any of these properties, please call me:  (520) 548-2078.  Here are some details:

3 BR/2 BA near Wilmot & Golf Links .....  $1,050/month

3 BR/2 BA near Starr Pass & Greasewood .....  $1,000/month

2 BR/1 BA near Tucson Blvd  & Glenn .....  $925/month

1 BR/1 BA Condo, Furnished, near Broadway & Randolph .....  $750/month

Security deposit is equal to one month's rent.

For more information, click on the menu tab:  "Home Rentals", or call me!

Don't miss out..... these should go fast!



Jun 13, 2009
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If you want to sell your home, there are certain things you should do to prepare for it.  First, take a look at it with a critical eye, starting with the exterior and working your way inside the home.  Look for clutter or things that distract the eye of the beholder.  Ideally, all should look neat and tidy, and well cared for.  A buyer wants to buy a house that has been well maintained.

Outside, you want to create curb appeal.  Add some attractive plants or flowers to "prettify" the entrance.    Remove all weeds, trim any bushes or hedges, or here in Tucson, rake your gravel or dirt and freshen it up.  Any touch-up paint needed at the doorway?

Inside, a vase with fresh cut flowers can add a lot, too.  Clean is good.  Make the windows sparkle and the floors shine.  One trick is to reduce the amount of your possessions that you have been trying to display for years.  You don't want buyers to waste time looking at your life-long collections.  Instead, you want them to visualize their own things in your space. 

My rule here is:   Less is more!  By getting your rooms pared down to the bare minimum, they will appear larger.   It may require you removing some excess pieces of furniture, or boxing up some books or collectibles.  Take down personal photos or religious artwork.  Art work should be kept to a minimum, and should have wide appeal.  Hey, consider it a head start on the packing and moving phase.

You may want to have a home inspector come out and look at your home.  He can make a list of things in need of repair. (Cost: approximately $350.)  When a buyer decides they want to buy your home, they will pay to have an inspector examine it.  Isn't it better to know in advance what is wrong?  Most repairs can be performed inexpensively.  Or, if there is something seriously wrong, you can budget for it, or price your home accordingly.  Some contractors will perform work and wait to take their payment at the close of escrow.  Of course, if the sale falls through for any reason, you are still liable to pay!

You will also need a fabulous REALTOR (hint, hint).  I go out to my clients' homes and evaluate them, making suggestions as I go.  My experience allows me to see things that they might overlook.  I also explain the whole process to them, and let them know what to expect.  I also do the research to help determine the value of the home and to discuss pricing strategies.  I let my clients see how their home compares to competitive homes on the market.   And, I show my clients how I will market their property.  With more than 85% of all home buyers starting their search on the internet, it's important to capture that audience. 

Please let me know if you have any questions or issues you'd like to discuss.   Or, if you are ready to sell your home, I'd love to come talk to you about it.  Just give me a call.

Patricia Paul   *   (520) 548-2078


Jun 10, 2009
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Have you been thinking about selling your home in Tucson?    I have some information you might find interesting.   It's getting to be a better time to sell.  The active inventory in May 2009 has decreased 27% since May 2008. 

The number of months worth of inventory in May 2009 is down to 6.8 months average, from 8.5 months in May 2008.

The number of new properties under contract is up 34% from May 2008.

The median price of homes sold in May 2009 is $170,000, down 16% from May 2008.   (That means you can buy lower, too, after you sell.)

There is great variance even within Tucson based on the location of the home, as well as the price range.  For example, in the $200,00 - $225,000 price range,  there are only 4.5 months worth of inventory.   But in the $500,000 - $750,000 price range, there are 23.9 months worth of inventory. 

If you send me a note I'd be happy to give you information specific to your zip code,  or your price range.   Just ask! 

Jun 07, 2009
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This lovely home is located near Pima Community College West Campus, near Starr Pass and Greasewood.   Situated on a generous corner lot this home features central air conditioning, 2-car garage, enclosed back yard, covered rear patio, storage room.  

The interior is in a neutral palette, mostly tiled some beige carpet.  Includes all window coverings.  Includes refrigerator, washer and dryer!

Convenient to PCC, Hospitals, Downtown, UofA, and many major employers.

Rent:  $1,000 per month

Security Deposit:  $1,000

Lease:  1 year


Jun 03, 2009
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2983 S. Foster Drive     (Near Wilmot/Golf Links) 

A very nice 3 bedroom, 2 bathroom rental home just hit the market.  This home will be available for rent by mid-July or August 1.  To find out more aout this lovely home, please click on the tab marked "Home Rentals". 

May 14, 2009
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Have you noticed?  The saguaros around the Old Pueblo have begun to bloom.   The saguaro cacti we planted around our yard 25 years ago are developing flower buds at the top of the plant.    The saguaro blossom has white  waxy flowers with white or yellow centers.  It blooms at night, though you may see some open flower buds during daytime hours, too.    The bees like them.  The Saguaro Blossom is the State Flower of Arizona.  The flowers that get pollinated later produce red fruit.  It is sometimes used in making jelly or syup.  Local birds and critters also like to feast on them.   

Enjoy the display;  it should be going on for several more weeks.    Oh, by the way, how did you like the flowering Palo Verde trees?   Those lovely yellow trees put on such a display!  Springime in the desert is so beautiful!

Now would be a great time to take a drive through either one of the Saguaro National Parks. 



May 10, 2009
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This beautiful 4 bedroom, 2 bathroom home is becoming available soon.  Please look under the Home Rentals tab for more details.

** Owner is licensed real estate agent in Arizona **

** Equal Housing Opportunity **


May 02, 2009
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If you're out and about this afternoon, why not stop by my Open House at 9075 E. 8th Street.  It's a lovely 3 bedroom, 2 bathroom house on the east side, near Broadway and Gollob.  The home features a new A/C unit, dual-paned windows,  beautiful fireplace with impressive mantel piece.  The back yard is lovely with a huge ocotillo and mature trees.  An oasis!

Price reduced to:  $207,000.

Hours:  Sunday, May 3, 1:00 - 4:00




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