(2018-04-13)
Tucson, Arizona property is a solid investment. Whether you're considering buying a home or selling your current residence and buying another home, it's important to be aware of the many financing options available today.
There's renovation financing options that make fixing up your home into your dream home very easy. One convenient option to make renovations, repairs, or improvements totalling up to 50% of the as-completed value of the property with a first mortgage, rather than a second mortgage, home equity line of credit, cash, or other more costly financing method.
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(2018-04-12)
Tucson, Arizona is a great place to live and/or own a second home/investment property. The greater Tucson area offers everything someone may want. Housing prices are quite low on a cost/square foot basis as are real estate taxes. There's homes priced to fit any budget.
Here's a brief snapshot of the current market. Below are some highlights from the March Residential Sales Statistics:
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(2018-04-09)
Development of the San Clemente historic neighborhood in Tucson, AZ began in the 1920's. Through the 1950's development occured in earnest. Named after seacoast San Clemente in California, San Clemente was developed witht the intent of invoking an upscale Spanish Colonial Revival. About a dozen architectural styles are represented.
The homes in San Clemente range in size from 2 -5 bedrooms with 1-5 bathrooms. The average home size is around 2200 sq.ft. In 2005, San Clemente was declared a Historic Neighborhood by the City of Tucson.
Historic Neighborhoods like San Clemente are granted property tax breaks. Therefore, property taxes on homes in San Clemente are generally less than 1% of value! The homes here a beautiful and have lots of character. This is not a cookie-cutter neighborhood.
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(2018-02-28)
Courtesy of MLSSAZ.
As we view the result of the 2017 statistics, it is important to note that the main market areas surveyed by this statistical report changed in 2017. Prior year statistics included the geographic area for Green Valley and Sahuarita. Because of the MLS regionalization efforts, the MLS area boundaries were adjusted and Green Valley and Sahuarita are no longer included in the main market areas for the Tucson Association of REALTORS® resulting in a lower number of listings in comparison to previous years.
2017 proved to be a great year for the Tucson housing market with the highest Total Sales Volume in the last ten years. Listing prices and sales prices have continued to grow towards levels not seen since before the recession. Please continue to read through the following pages to see the Tucson Market Trends.
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(2018-02-18)
Follow these seven strategies to get the most financial gain on your kitchen remodel.
Homeowners spend more money on kitchen remodeling than on any other home improvement project. And with good reason: Kitchens are the hub of home life and a source of pride.
A significant portion of kitchen remodeling costs may be recovered by the value the project brings to your home. A complete kitchen renovation with a national median cost of $65,000 recovers about 62% of the initial project cost at the home’s resale, according to the "Remodeling Impact Report" from the National Association of REALTORS®.
The project gets a big thumbs-up from homeowners, too. Those polled in the "Report" gave their new kitchen a Joy Score of 10 (out of 10!), a rating based on those who said they were happy or satisfied with their remodeling, with 10 being the highest rating and 1 the lowest.
To help ensure you get a good return on your kitchen remodel, follow these seven tips:
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(2018-02-07)
Your career is on track, your family is on board, and you know you value owning over renting. Now is the time to start the process of buying a home, right?
Maybe — but not before you ensure you’ve thought through this big decision from various angles and perspectives.
Purchasing a home is a complex process and represents a major investment. You need to consider much more than just your ability to buy before you leap into house-hunting.
Plus, you’ll have even more decisions to make once you actually start the home-buying process. The more information you have before you start, the better your decisions will be — which means you need to think through this stuff now, before buying a home.
Below, we’ll explain 5 factors that will help you evaluate your goals, review your finances, and assess the market. With this information in hand, you will be able to decide whether owning a home is the right choice right now for you.
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(2018-02-02)
There are many fantastic homes for sale in the greater Tucson, AZ area. The georgeous Sonoran desert offers many recreational activities which make it a fantastic place to live or own a second home/investment property. Check out the current inventory of homes for sale on this my website, and/or give me a call at 520-248-1239 or shoot me an email at grichman@RichmanTucsonHomes.com to answer any questions you may have. What many folks don't know is that there are many financing options which make buying a Tuscon-area home easier. 100% mortgage financing is available as are down payment assistance programs.
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(2018-01-30)
This is a guest post from Sue Malin of H&R Block. With the recent changes to tax law in 2018, there have been many news articles describing the impact to homeowners – but not all have been accurate. To help you sift through the noise and understand how the tax changes will affect you, we’re bringing you this advice from one of the leading experts on taxes.
As the homeownership rate has declined slowly since peaking in 2006 at almost 70 percent, the tax benefits of owning a home have also declined. In 2006, more than 40 million homeowners deducted $433 Billion in mortgage interest. But in 2014, 33 million homeowners deducted just $287 Billion in mortgage interest and almost $6B in mortgage insurance premiums.
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(2018-01-17)
Blenman Elm is a fantastic, centrally located neighborhood in Tucson, AZ, and it has homes for sale. Blenman Elm Neighborhood is the ¾ square mile bounded by: Speedway, Campbell to Elm west of Tucson Blvd., to Grant east of Tucson Blvd. and Country Club Road. This Central part of Tucson is gentrifying, charming, close to the city center, The University of Arizona, University Medical Facility, and many, many amenities.
Blenman Elm is a historic distric, that exudes tons of charm. Tax rates are lower too!
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(2018-01-12)
There is free money available in Southern Arizona. Unreal! I'm serious. Free money! Down payment assistance programs are readily avilable for those who qualify. Buying a home in the Tucson, AZ area has never been easier. Rates are low! Money is cheap! Get money from the goverment to buy a home.
Home ownership is the foundation of building wealth. Home ownership builds pride in oneself and one's neighborood. It builds stability. It builds wealth. And, it gives you a place to live that's truly your own.
Here's a brief synopsis of the home ownership programs called Down Payment Assistance Programs (D.P.A.) offered through the State of Arizona and Pima County (where greater-Tucson is located).
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(2018-01-11)
Here's Tucson, AZ's home sales statistics for the month of Dec, 2017. Statistics are a good thing to keep an eye on as they can be enlightening and help one make better, informed decisions.
H.G. Wells wrote that, “statistical thinking will one day be as necessary for efficient citizenship as the ability to read and write.” Florence Nightingale, who pioneered nursing as we know it today, took that sentiment further:
“Statistics…is the most important science in the whole world: for upon it depends the practical application of every other science and of every art; the one science essential to all political and social administration, all education, all organization based upon experience, for it only gives the results of our experience.”
Data is everywhere. If you want to navigate the world properly, you need to have a handle on statistics.
Please don't hesitate to call or email to discuss the implications of these statistics. It's part of my job to provide a property buyer and/or seller with all they information they need and want.
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(2018-01-10)
Buying a house isn’t just finding a space to live—it’s also a really important investment opportunity. To ensure that you’re making a good investment on your real estate transaction, there are certain things to look for before you purchase a home. What kinds of things should you be looking for when you are getting ready to invest in real estate? Whether you’re just perusing the local real estate market or you’re seriously considering buying a property, here are ways to know if your new home will have good resale potential.
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(2018-01-07)
Qualifying for the $200 to $500 federal tax credit on new windows and doors depends on two measurements, U-factor and Solar Heat Gain Coefficient.
Just because windows or doors are Energy Star-labeled doesn't mean they're eligible for a federal tax credit. And with costs running about $500 to $1,000 per window including labor, it's wise to know something about the scientific lingo and numbers on the product labels you're likely to encounter.
Here's your pro-level label-decoding guide so you can be sure you're buying qualified products.
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(2018-01-03)
Tucson, AZ offers many types of homes for sale in many neighborhoods and adjoining communites. We're a "small" town of over 1M people. Dunbar Springs Neighborhood is a historic Tucson neighborhood centrally located. Located just North of downtown Tucson and The University of Arizona, the neighborhood has come together over the last 15-20 years with a common goal of making it a better place to live. Now sought after, Dunbar Springs offers super-cool, older homes with easy access to parks, downtown Tucson, the Univestity of Arizona and and Universiity Medical. Currently, 2 homes are for sale. But, more come on the market all the time.
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(2017-12-23)
Smart Strategies for Building a Master Closet
Unless your house is fairly new or has been recently renovated, your closets are probably tiny alcoves with little more than a shelf and a pole or two for organizing.
Whether you’re adding a master suite, remodeling your bedroom, or just outfitting a large existing closet, you have an opportunity to upgrade to a modern walk-in closet that neatly stores all of your clothes gently and accessibly.
Expect to pay $3,000 to $10,000 or more for a large, well-outfitted walk-in closet, assuming you hire a pro to build the room as part of your master suite addition, says Castle Rock, Colo., contractor Dean Bennett.
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(2017-12-21)
https://www.nar.realtor/infographics/the-benefits-of-homeownership#.WjxDWrTBh0M.email
What kind of benefits do owning a home and stable housing offer?
Please call or email me at 520-248-1239 / grichman@RichmanTucsonHomes.com for more information on Tucson-area housing, the home buying/selling process, or to get answers to any real estate realated questions. I would love to work with you. I offer a free Market Anyalsis & Home Valuation report to any home owners who may be interested in knowing the value of their home in today's market, neighborhood statistics. aad information about the Tucson-area real estate market.
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(2017-12-20)
How to Make A Winning Offer On a Home
Double Your Down Payment
With an improving economy and a relatively benign interest rate environment, home sellers in many real estate markets are enjoying multiple offers and frequently selling their home for more than the listing price. For buyers, such an environment can be very stressful and disheartening as you see home after home get sold to other buyers. Not only is your future home riding on the outcome, but there are so many variables that determine whether your offer is the winner. So how can you make your offer stand out against the others and improve your chances?
In this article, we will explain how to increase the odds of your offer being accepted so you can win the bidding war and get the home you really want.
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(2017-12-16)
The Chiricahua National Monument Park is a truly incredible wonderland right outside of Tucson, AZ. They are one of the many fun things to do in the Tucson, AZ area. Owning a home in the Tucson, AZ area has many benefits. Of course, our year-round fantastic weather, the relatively low cost of housing and low real estate taxes, the stability of our housing market and the odds of appreciation are all good reasons to buy a property in Tucson or to sell your current home and upgrade into one that better suits your needs and wants. But, the recreational options in the Tucson area are numerous and truly add something special to the Tucson area.
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(2017-12-12)
Tucson-area, Here's AZ's monthly housing statistics for your review. The importance of accurate data in making an informed decision can not be underestimated. Yes, we all love what we love and want the housing that best suits our needs and wants. Data can simply enhance your decision making abilities and help you and I negotiate the very best deal for YOU.
November Tucson Area Housing Sales Statistics
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(2017-12-08)
12 Delightful Ways to Make Your House Brighter in Winter
Meet you under the skylight, on the white sofa, with a cream cheese brownie.
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