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Looking To Sell? Tucson Realtors Say Now Is A Great Time

September 12, 2014

If you’ve considered selling your home but were going to wait awhile until you had more equity or you felt there would be less competition, Tucson realtors want you to know that you really shouldn’t wait any longer. The current amount of competition on the real estate market is about as low as its going to be for some time, according to one TUcson realtor.

While there are a number of different reasons as to why homeowners thinking about selling should take action sooner rather than later, perhaps one of the reasons Tucson realtors say the market is about to become very competitive is because the number of homes on inventory is expected to drastically increase as more homeowners stop being upside down on their homes; they’ve been waiting for the housing market to recover to sell and with the improvements that have taken place lately in property values this is happening for a number of homeowners. Tucson realtors say that if you list your home right now the number of homes on inventory is still relatively low so competition for buyers isn’t as fierce. Another aspect that many sellers don’t consider is new construction homes. With the economy and housing market improving developers and construction companies are also started to build new homes; this adds in another type of competition that many homeowners don’t think about. Lastly, the number of distressed properties that are on hand is also at a record low for the past few years meaning that those looking to purchase investment properties or bargain homes are still looking for a good deal, but they’re having to look at the traditional real estate market to find what they want.

If you want to sell your home quickly and for the best price possible, Tucson realtors want you to know that now is the time to do so. If you should happen to wait even a few months, it could impact just how long your home sits on the market and how much it sells for. Don’t waste anymore of your valuable time; contact your Tucson realtor today.

Questions To Ask A Tucson Real Estate Agent When Completing A Short Sale

August 5, 2014

If you need to complete a short sale but haven’t enlisted the help of a Tucson real estate agent yet, we’d like to provide you with some pointers on how to choose a Tucson real estate agent that is right for you. As you may know, completing a short sale is very different from a traditional real estate transaction and because of this, it is imperative that you work with a Tucson real estatge agent that is well-versed in short sales. If you choose to work with a realtor that doesn’t know much about short sales or lacks experience it could considerably delay the process or, even worse, cause your short sale to be denied.

So, how do you know if a Tucson real estate agent is experienced in short sales? The best thing you can do is to ask questions and lots of them! It is always best to ask the Tucson real estate agent how many short sales they have both worked on as well as successfully completed. Just because they may have worked on a large number of short sales doesn’t necessarily mean they’re good at them. If they have a low success rate, this should throw up some red flags for you as a homeowner. You should also ask what lenders and loan types they are familiar working with. Check to see if they have plenty of experience with your specific lender and loan type. Lastly, ask them how often they are in communication with you, the buyer and the lender. Short sales can sometimes hit a stalemate if the Tucson real estate agent doesn’t stay on top of things with the short sale negotiator that works for your lender. A good Tucson real estate agent will keep the ball rolling to get your short sale completed as quickly as possible.

Again, it can’t be stressed enough just how important it is you work with a Tucson real estate agent that is experienced in short sales. The success or failure of your short sale has the potential to impact your entire financial future.

Tucson Real Estate Agent Discusses Short Sale Package

July 29, 2014

Are you considering completing a short sale with your Tucson real estate agent, you’ve heard about the short sale package you need to submit and are now wondering what documents need to be included in the short sale package? Tucson real estate agent Shawn Polston with Keller Williams Southern Arizona would like to help you get started on the process of compiling documents for your short sale package. We’d also like to mention that if completing a short sale it is imperative you work with a Tucson real estate agent that is familiar with short sales and is current on processes to ensure that you are submitting the correct documentation.

A majority of lenders often require the same financial documents for their short sale package. These documents include bank statements, most recent paystubs, W-2s and tax returns for the previous two years. Tucson real estate agents say that some lenders also have their own specific forms that are required when submitting the short sale package. Also required by most lenders is the hardship letter. This is a letter written by the homeowner that outlines their situation and answers questions for the lender such as why they need to short sale and why they feel it is the best option for their situation. Tucson real estate agents can give you tips and pointers on writing the hardship letter as well as provide you with examples.

Submitting the short sale package is one of the most important pieces of the puzzle when completing a short sale. You want to ensure that everything submitted is complete and accurate or it could delay the processing of your short sale transaction. Again, this is one of the main reasons why it is so important that you work with a Tucson real estate agent that knows short sales. They can keep your short sale from facing any unnecessary roadblocks and make the process as seamless as possible.

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About Shawn Polston

Shawn has been a Realtor since 2006. Prior to becoming an agent Shawn and his wife were active real estate investors. Shawn takes his education seriously; he’s taken over 200 hours of continuing education classes, to keep up-to-date on current laws and trends. Shawn is a member of the Arizona Association of Realtors Master of Real Estate Society and a Graduate of the Realtor Institute. He is also a HAFA certified Short Sales and Foreclosure Specialist in addition to being a National Association of Realtors Short Sale and Foreclosure Resource.

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