Eva Sell Tucson Homes

06/20/2025

JUST LISTED IN CONTINENTAL RESERVE.

Move in ready in desirable Continental Reserve!!! Immaculate maintained wonderful floor plan, split bedrooms. Inside freshly painted June 25, toilets replaced June 25, 3 bedrooms 2 baths, 2 car, private back yard with views of Sombrero Peak, backs up to a common area for added privacy. Master is goo...

10/28/2024

Monday's Real Estate Bits from me, Long Realty Co.

Seller without Realtor??

This is where real estate agents are helpful, because they have a vast knowledge of the local housing market and can help craft a listing price to maximize profits. The survey found that 49% of FSBO sellers regretted how they priced their homes, while 73% of represented sellers were satisfied with the agent’s price.

“As a homeowner, it’s easy to fall into a certain bias about your personal home or even an investment property,” said Billy Snelson, chief marketing officer at Move Concierge. “The aesthetics and improvements that matter to you may or may not translate to actual market value. An agent has the market knowledge, tools and experience to accurately price a property based on data and market dynamics.”

By hiring an agent, you can increase your chances of earning a higher profit margin, making it a worthwhile investment rather than a trivial expense.

10/21/2024

Monday's Real Estate Bits from me , Long Realty Co.

Housing Market Trends Report
Data, Housing Demand, Housing Supply, Market Outlook
Oct 03, 2024

Ralph McLaughlin
Ralph McLaughlin



The number of homes actively for sale continues to be elevated compared with last year, growing by 34.0%, an 11th straight month of growth, and now sits at the highest level since April 2020.
The total number of unsold homes, including homes that are under contract, increased by 22.9% compared with last year.
Home sellers increased their listing activity in September, with 11.6% more homes newly listed on the market compared with last year, reaching a three-year high on the heels of falling mortgage rates and the Fed’s 50 bps rate cut.
I find a link between the median-priced home in a market and the growth in newly listed homes compared with last year, likely because buyers in high-cost markets see much larger dollar savings from mortgage rate declines than buyers in less expensive markets.

10/14/2024

Monday's Real Estate bits from me Long Realty Co.

State Farm discloses zip codes where it will drop coverage for over 70,000 houses and apartments. Due to extreme weather.

While these actions won't stop the occurrence of wildfires, these measures can reduce the risk of them occurring — in addition to other extreme weather events like flooding, deadly storms, and severe droughts.

With homes becoming increasingly unaffordable, more buyers are using an increasingly popular strategy to lower their mortgage rate.

Buying points — also referred to as “discount points” or “buying down the rate” — involves paying extra to your lender at closing to reduce the interest rate on a mortgage. That reduced rate results in smaller monthly payments and long-term interest savings over the life of the loan.

Typically, paying a fee worth 1% of your loan amount, known as a point, reduces your interest rate by around 0.25%.

10/07/2024

Mondays Real Estate Bits from me Long Realty Co.
More than 80% of potential home buyers now consider climate risks when choosing a home, with concerns such as wildfires, floods and extreme heat. Climate risks have become a crucial factor in home-buying decisions. However, it’s not just about knowing the risks — understanding how they impact long-term affordability, particularly through rising insurance costs, is just as important.

The new Zillow® climate risk score, provided by First Street, makes it easy for home buyers to understand potential hazards and insurance needs, whether they’re browsing via the search map or viewing specific for-sale listings. The feature highlights five key climate risks:

▪️ Flood
▪️ Wildfire
▪️ Wind
▪️ Heat
▪️ Air quality

09/30/2024

Monday's Real Estate Bits from me. Long Realty Co.

2. More inventory

A big reason 2024 has been a tough year for home buyers is that real estate inventory has been sorely lacking. But now that mortgage rates are starting to drop, housing inventory is likely to increase.

Many homeowners didn't want to list their properties for sale this year because doing so would've meant giving up competitive mortgage rates and swapping them for more expensive loans. Now that it's getting cheaper to sign a mortgage, homeowners may be more willing to part with their current loans and move.

09/23/2024

Mondays Real Easte Bits from me Long Realty co.

Home Sellers: Strategic Pricing is Key

Home sellers, on the other hand, are facing a different set of challenges. The fall market is traditionally slower, and given the hesitancy of buyers, the potential for price reductions is increasing. To avoid the need for a price drop, it’s crucial to price your home appropriately from the outset. Overpricing in the current environment could lead to extended time on the market and eventual markdowns, which can hurt your overall return.

Despite these challenges, there is still good news for sellers. Inventory remains relatively low, and well-priced, desirable homes are still attracting multiple offers. This is especially true in markets where inventory has been tight for some time. Sellers who present their homes well and price them competitively can still expect strong interest.

Another factor sellers should consider is the role of the buyer’s agent compensation in the negotiation process. Now that buyer’s agent compensation is no longer set by the seller, the offers a seller receives could have unique or novel stipulations about buyer’s agent compensation.

09/16/2024

Mondays Real Estate Bits from me. Long Realty Co.

Buyes have to sign Buyer Employment Agreement before touring the house.

The Arizona Department of Real Estate said everything on the document should be negotiable before you sign it. This means you can decide how long you have the agent, whether it’s for a few days or longer.

You can also have it so that you have only one agent for a single property. You can even discuss their commission on the sale.

“If you wanted to see a certain home, the contract could be only tailored to viewing that home and for the duration of the contract it would exist for that home if you wanted to buy that home

09/12/2024

09/09/2024

Monday's Real Estate Bits from me. Long Realty Co.

How much income do you to buy $ 250K house

The 28% of your income rule

According to the 28% of your income rule, you shouldn't spend any more than 28% of your income on mortgage payments. So, how much does a $250,000 home cost in terms of monthly payments? Here's what you can expect to pay with and without a down payment. (Payments were calculated using Bankrate's mortgage calculator. The data below assumes a 7% interest rate, a 30-year term,

09/02/2024

Monday Real Estate Bits from me. Long Realty Co.
520-954-6364 call me for your Reat Estate needs

Active Residential Inventory — Tucson June 2024 % Change vs June 2023
Tucson Area +72%
Oro Valley +55%
SaddleBrooke +70%
Marana +21%
Vail +94%
Sahuarita +59%
Green Valley +96%
Cochise County +34%

08/26/2024

Monday's Real Estate Bits from me.

Real estate agents have a fiduciary duty to their clients, meaning that loyalty, providing full disclosure of transaction details, taking reasonable care of and listening to their client are part of the job description. Still, accidentally hiring a lousy one — and the head-scratching experience like the one my family encountered — are all too common.

The truth is, it’s hard to suss out whether an agent is worth your time and money if you’ve never worked with them before, especially if you’re a first-time home buyer or seller. But in today’s tough market, where inventory is limited and prices are high, it’s crucial to find a skilled and experienced agent — and recognize when you’ve hired a dud.