Patricia Paul Properties

Patricia Paul Properties

Commentary on Tucson Area Real Estate, Home Ownership, Rental Homes, and Life around the Tucson Community
Tag » Tucson Real Estate
Aug 21, 2009
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For the past few years people have been asking me when will be the best time to buy a home.  They want to know when the market will hit bottom.  Of course, there are a lot of factors involved, as well your own unique needs.   Funny thing is, by the time you realize it's hit bottom, the market's already on it's way up.  And though no one can predict with certainty what the future holds, there are certain undeniable signs that now is a great time to buy:

  • Home prices are lowest they've been for years
  • Interest rates at near historical low rates
  • There's lots of inventory available to choose from
  • Sales activity has consistently increased month-over-month, as well as compared to same time last year
  • Sellers are willing to make buyer concessions (Often they'll pay the buyer's closing costs or make other valuable contributions)
  • Government tax credit of up to $8,000 to qualifying first-time home buyers (The sale must be finalized before December 1, 2009)
  • Signs of recovery in financial markets and economy

If you'd like to receive some more detailed information about the Tucson housing market, just let me know.  I have lots of interesting statistics I'd be happy to send your way.

I work with both buyers and sellers, and would be happy to help you with any of your real estate needs.

 

Patricia Paul, GRI  *  www.PatriciaPaulProperties.com * (520) 548-2078

 

 

 


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 * www.PatriciaPaulProperties.com

 


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  *  www.PatriciaPaulProperties.com

 

 

 


Jul 10, 2009
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If you haven't already heard, I've got good news for you!  The huge I-10 expansion project from 29th Street up to Prince Road, that has been going on for the past couple years in Tucson, is making great progress.   As it stands now, unless the monsoons significantly interrupt their work, they should be finished approximately 8 months ahead of schedule.  Yippee!!!   That freeway and the poor highly used service drive  have been torn up for so long this will be a welcome accomplishment for Tucson and her visitors.  Have you taken a look at the work they have done?  I'm glad to see they are including some appealing designs, textures, and colors to the concrete work.  I imagine when the job is completed and landscaped it will look fabulous!

I recently drove home from Phoenix on I-10 and was surprised to see how much work had been done between the two cities.  They've added lanes and it is much more pleasant  now to make that drive.

There will be an official grand opening of the new 4th Avenue Underpass to take place on August 20.  This underpass links the downtown area with the eclectic 4th Avenue shopping district.   I can't wait to check it out.

Happy driving around Tucson!  Be kind to each other out there.

Patricia Paul, GRI       (520) 548-2078        www.PatriciaPaulProperties.com

 


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!

 

 


Patricia Paul

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