real estate issues

The real estate market is always changing and is currently in a state of transition from a buyers market to a sellers market and back again. For the last few years we have been in a very strong sellers market driven by record low interest rates as well as record low inventory. This has driven home price appreciation in Tucson to record levels as well.

In this type of market, buyers of property in Tucson need an agent very familiar with the market trends to advise them as to what a good offer would be in order to win the bidding war that most Tucson home buyers need to participate in to be the successful offer. Agents helping Tucson home buyers need to know what a realistic offer should be as well as asking the right questions to discover what’s the most important thing in the seller’s mind. Very often Tucson home seller’s  top priority is not price. It might be the convenience of staying in their current home until their new home is completed. There may be other factors that Tucson sellers will consider over price such as, Cash offers vs financed purchases, a buyer who buys the house as-is, a buyer who waives the appraisal to name a few.

In future blog posts we will explore some examples of how to navigate the home buying and selling process as it relates to market conditions in Tucson Arizona in more detail. If you would like a personal consultation for either buying or selling your next home please contact us at 520-574-8900 or email us at jpowell@helpusell.com.