Reid Sossong Tucson, AZ Real Estate: Newsletter
Weekly Tucson, Arizona Real Estate Newsletter for 2011
9-10-10 Tucson golf course lots for sale. Yes, there are still lots available on the golf course. Prices range from about $150,000.00 to $2,000,000.00. Tucson National, Sabino Springs, The Gallery, Stone Canyon, and the retirement communities are all represented. Some are offering terms, such as: 10% down with 7% interest. If you were to buy and hold for a future build date, don't forget to budget for yearly property taxes and HOA fees. Remember, with land they aren't making anymore of it. Let me send you listings, please contact me at [email protected].
Tucson, Arizona has seen mortgage interest rates climb a little higher this week to just under 4.5%.
9-3-10 Want to find out your house value? There's a internet website ZILLOW.COM where you can get a good zestimate of the value. Recently, I have noticed that many homes are selling for 20 to 30% less than their zestimate. Please check the solds for your area to get a feel for the home values.
Have a happy Labor Day!
8-29-10 Heritage Highlands, an active adult community northwest of Tucson, Arizona has golf property homes for sale at screaming low prices. Homes price range from approximately $190,000 to the low $400,000, and $120 to $175 a square foot. The hoa has a transfer fee of $300, and a capital contribution fee that varies depending on when the home was purchased, however the cap fee is $2,500 minus what was originally paid, so you might pay approximately $1500. These fees of course are all negotiable. All of these homes have unique lots with many that had a lot premium originally and the higher the price you can notice the upgrades as well. The golf course is an awesome desert style course that is maintained to the hilt. In my opinion Heritage Highlands is the best retirement community in Tucson, Arizona. Feel free to call or email with any questions you may have at [email protected].
8-21-10 In Tucson do you want to get the most from your utilities? People are overspending on their utility bills for no other reason than their own apathy. If you haven't already switched over to low-flow showerheads and toilets it's probably time think about it. Also, get into the habit of turning off lights when not in use. Did you know that most utility companies offer a free online energy audit? This way you can see exactly where you're wasting money at your house. When I find out more information on utilities savings I'll let you know.
8-15-10 A couple of older homes I was in this week had kitchens from the '60s and '70s. However, they looked great. The one had a new oven/stove and countertop with a thorough cleaning. The second had a new countertop and was super clean. The cost compared to gutting and replacing everything is small, but the result awesome. I hope they sell and the new homeowners enjoy the kitchens.
8-6-10 Tucson has enjoyed nice summer rains this year, with more to come. And, the golf courses have been soaking it up. Many of the courses that I have played have thick high rough; making it easy to lose your ball. Best times to play are still early morning and evenings. Don't forget if you are planning a golf trip to Tucson in late September, or early October that is the time most courses will be over seeding with winter rye. Want to look up homes on the Tucson MLS, then go to my home page and have fun. If you want listing sent to you and as they come on the market let me know.
7-22-10 The Residences at the Ritz-Carlton, Dove Mountain have restructured their debt, and with that have adjusted the prices for the lots and homes. In this economic environment even the Ritz has had to make some adjustments. If you want more information please email me at [email protected]
7-16-10 The IRI Golf Group has just purchased The Golf Club at Vistoso in Tucson. The Golf Club at Vistoso had been in bankruptcy, so it appears IRI got a good deal. IRI owns several golf courses in Tucson and the surrounding areas. It's a great golf course that has a great new owner. It will be interesting to see what type of membership structure they come up with. In the past it was hard to sell homes around the golf course because it strictly a high daily fee club. Let's wish them the best and see what happens.
7-9-10 Look-up property on the Tucson MLS. Go to my homepage on the upper right side and check out the new public access. Lots of new features: Mapping, email, more photos, and so much more. Let me know what you think, or have questions. If you want hot new listings as they come on the market I can hook you up to receive them automatically.
The summer rains are coming soon in the late afternoons. This is a great time to play golf in Tucson; Cloudy and cooler weather and play into the evening.
7-2-10 Hope you have a nice Independence Day weekend. This weekend many clubs have huge events, from golf to fire works, here in Tucson. Check their sites out for details.
6-25-10 National new home sales dropped last month to lowest level since they have been tracking the information. Is this really bad news? People bought the new homes, and the builders sold the new homes. So, where is bad news? Maybe fear, or in some cases people can't sell their home to move to another home. Without a doubt tough decisions have to be made, but to the people buying the new homes are getting low rates, and new homes at a low price with builder incentives.
Are you looking for a excellent home inspector? Call Harris Breit at Affordable home inspections 520-298-5677, or any ASHI member.
Jumbo mortgages are available, now that there is a secondary market to buy them, that's positive.
I spoke to several lenders this week and the jumbo loan market is back, and rates on jumbo loans for a 30 fixed, good credit, and 20% down is in the 5.25% range. If you need names of local lenders just email me and I'll send you a few.
6-18-10 The US Open is heading into the weekend. I don't know if you have a favorite, but mine is Ernie Els, currently in 2nd place. It should be a great tournament at Pebble Beach, if it doesn't rain.
How do you play summer golf in Tucson? Start at 5:15am when the weather is cool. If you go in the heat of the day be prepared with plenty of water, a good hat, and sunscreen etc.
6-11-10 The Gallery Golf country club in Dove Mountain, has a small subdivision next to it called The Gallery Cottages. The Gallery Cottages range from 2200 square feet to 2500 square feet in size at just over $300.00 a square foot. The lots are approximately half acre in size with awesome views of the mountains and golf course. Dove Mountain is also home to The Ritz, just down the street. Let me send you the existing homes available for sale, they are truly a great buy in a first class area.
6-5-10 Tucson is home to some of the hottest golf this summer, with some really smoking deals at some of the best tracks in Tucson. Many courses are already showing signs of the summer, with brown patches in the fairways and greens. The fairways and greens are hard and fast. The bent grass greens, however, when watered correctly are soft and if you hit a high shot into the green your ball will stick like a dart. If you play Tucson golf in the summer be sure to take plenty of water, wear sunscreen, and wear a full hat etc.
Tucson, Arizona has a great community in the northeast side of town called Sabino Springs, home of Arizona National Golf Club. The homes are reasonably priced now in the $150.00 to $210.00 a square foot area. Sabino Springs is still sought after for awesome views and ambiance. Let me send you home and land listings, just email me.
5-24-10 Dove Mountain, home of The Gallery, The Ritz, and Heritage Highlands in Tucson, Arizona, or Marana, Arizona. Home prices range from $150,000.00 to $2,500,000.00. There are 81 holes of golf between the three, and many amenities.
Interest rates just dipped below 5% on the 30 year fixed. With home prices beaten-up, and rates at historic levels what are you waiting for? Start looking, and get pre-approved, so your ready when the time is right.
5-14-10 Currently, I'm in the process of hooking-up my IDX link so I can provide you with Tucson MLS listings. There will be several formats to search from, and I'll be updating you as everything falls in place. A big thanks to Bob Zucker, the publisher at Entertainment Magazine for all his help and input.
5-7-10 Considering Tucson, Arizona for your golf resort or country club home? Remember, you don't have to purchase in the country club or golf community at most places. In fact, many members live outside the golf community, or country club. Homes outside the golf resort are generally less per square foot, so you get more home for the buck. Another thought would be to locate between two country clubs and join both.
Don't forget Mother's day is Sunday. I know my club is putting on a nice spread for the occasion, as most will. The weather, in Tucson, should be perfect Sunday, except for a little wind, so if you play I hope you have a good round.
4-30-10 The following was taken from my newsletter that appeared 10 years ago. "Jumbo loans are currently $252,700.00 and up. Beginning January 1st, 2001 jumbo loans will be $275,000.00 and higher. Jumbo loans cost slightly more because the loans are not backed by Fannie Mae and Freddie Mac, the giant government-sponsored loan purchasers." It's always interesting to look back at the real estate market and compare it to today's Tucson market. Even after the bust we just went through the home prices are still higher then 10 years ago. Some Country club fees have gone up and some have come done in price. I'll save that for another article. See you on the links.
4-16-10 In Tucson, Arizona if you are looking to build or greatly renovate a home on a golf property or put a home on a foothills lot and want to avoid the extra cost of two closings (construction loan and permanent loan), then consider a one time close construction loan, it will make your life easier. Most lenders have one application, one qualification process, one closing, and one set of closing costs which is clean cut. Then, interest-only payments during construction, the choice of adjustable rate or fixed mortgage products and the option of permanent loan rate protection available for up to 18 months, email me with questions..
4-9-10 The old rule of thumb for quickly figuring property taxes here in Tucson was 1% of the value of the home. Since property values rose and then dropped, that 1% rule can very.
4-4-10 The Chinese drywall problem here in the U.S. is still a problem. The government agencies have announced that the problem is worse then they thought. The question now is who will be paying the bill to remove the Chinese drywall: The homeowner, builder, our government, or the Chinese government?
The golf here in Tucson is still in prime time and the weather is perfect for play. If you have questions about Tucson real estate or country clubs/golf communities, just email or call me.
3-18-10 Canada Hills in Tucson, Arizona comprises about 23 subdivisions, all surrounding the El Conquistador Country Club. Right now they are one of the hottest golf communities in Tuscon for resale's. The area is piling up the sales and for good reason. The prices, location, country club and golf courses are awesome. Best value for all round golf community. Call me for more information on this area or any other here in Tucson.
3-13-10 This week I took my first class for the new Multiple Listing Service "Flex" operating system; I'll have three more 3 hour classes on the new system to be proficient. At first I was apprehensive, but I'm warming up to the new system. I can still send you listings via email, and hook you up to receive hot new homes as they come on the market. The public online MLS they aren't sure how much it will change. I'll keep you updated, and the switch over isn't until May 1st.
3-5-10 When researching the golf communities here in Tucson this week for townhomes, I discovered a few things. First, Ventana and Tucson Country Club have the best selection. With Ventana the higher priced area. Do you really get more? Yes, you do. Does that mean Tucson National Country Club is a dog? No, it's a great resort club with a good mix of homes. Then, the similarity between the two country clubs are each has 36 holes of golf with great restaurants and facilities.
2-26-10 Wow! There are really foreclosure and short sale properties in the golf communities here in Tucson, Arizona. Most of the foreclosure and short sale golf properties are in the northwest. Bottom line; there are some screaming good deals in Tucson, Arizona, if you don't mind jumping through hoops to land one. Email me at [email protected] and I'll hook you up to receive all the current listings and then I'll send you hot new ones as they surface on the market.
2-19-10 Tucson Arizona golf communities: Dove Mountain, Ventana, La Paloma and the Other Tucson Arizona golf communities are great to live in and play the club course. However, most of you know you can also buy a home outside the tucson arizona golf community. You can usually find lower prices or more home for the buck when the home is purchased outside the golf community in Tucson Arizona. The only golf communities that the home prices are hard to beat is in the Active Adult golf communities.
2-12-2010 Tucson, Arizona golf communities Tucson Country Club has homes listed between $500,000 and $2,000,000. Recent sales show four sales in the last six months, three of them bank owned. The Tucson Country Club has had some recent problems with women golfers not being allowed in the men's grill etc.. I sure hope they can work out the problems. Tucson country club is an equity club with a membership cost around $5,000, that is substantially less than numbers in the past.
Vistoso Golf Club in the northwest near Stone Canyon is in receivership. When I find out more I will let you know.
Tucson, Arizona will have The World Match Play here next week, February 15-21. The top 64 golfers in the world will be competing. Hopefully the weather will perfect, so be sure to watch.
2-5-10 Tucson, Arizona is home of the " World Match Play", coming to Tucson in a few weeks. Be sure to watch and see how nice our weather is this time of year.
1-22-10 Skyline Country Club here in Tucson, Arizona has memberships available for around $8,000.00 initiation fee for a full membership. In Tucson there are only a few equity Country Clubs left, and Skyline Country Club is one of them. They have a new fitness facility. Located in north Tucson, most homes in Skyline Country Club have awesome city views. Homes are priced in the $300,000.00 to just over a million. Also, they have a few remaining lots. If you have questions please email me.
1-15-10 Arizona, Tucson is in prime time for golf. With the daily highs in the 70's makes for perfect golfing weather here in Tucson, Arizona. Most courses this fall and winter season in Arizona are in great shape, even with some of the clubs hurting because of the economy. I played a course recently that was in poor shape, can you guess which one?
1-8-10 In Arizona close of escrow usually means when the deed has recorded. This is when the buyers receive the keys to the property. In the old days, people would go to closing at the title company, sign all the paper work and then get the keys that day. Now everyone signs several days before the close of escrow. With the current way many people have a hard time waiting until the property closes to receive the keys. This can be especially true if there is a delay and the property closes after the date on the contract.
Copyright 2007-2012. Reid Sossong, RPA, Broker, Tucson, Arizona. All rights reserved.