Tucson Named Best Place to Buy

Forbes.com recently showcased the best places to purchase a home right now based upon REALTOR.com Feburary housing data and Tucson came in at number 1 on the list. Affordability for homes is near an all-time high given the drop from peak housing prices coupled with near record low mortgage rates. The article stated how many […]

Former Model Home in Rancho Vistoso Sells

Another of Team Woodall’s listings in the Rancho Vistoso master-planned community closed escrow last week. The former “Heatherly” model home featured some excellent upgrades, backed to a natural open space, and was highlighted by an uncommon two-story layout with the master bedroom on the main level. Here’s a link to some information about the home […]

Former Torreno Model Home Under Contract

The “Heatherly” model home listed by Team Woodall on Westminster Dr. is now under contract with an anticipated closing towards the end of March. Built in 2007 this home is substantially upgraded with cherry cabinetry, rectangular tile, and numerous other designer finishes. Listed currently at $289,000, the 1,922 square foot plan will be an excellent […]

Checking For Termites

One of the routine maintenance items every homeowner should do is a visual inspection of the home exterior. Check for any signs of unusual wear, water leaks, and of course of primary concern in Arizona are termites. Subterranean termites will most commonly be visible on the concrete stem at the base of the home and […]

Real Estate Capital Gains Exclusion

Home ownership has historically held many tax benefits and one of the biggest perks has been the ability to exclude profits realized from the sale of a home from the 15% capital gains tax. To qualify for this exemption the homeowner must have owned the property for at least two years and have lived in […]

New Bill Would Help Short Sale Process

A bill introduced in the House of Representatives this week could substantially improve the process of short sales by putting time limits on bank responses. Titled “Prompt Decision for Qualification for Short Sale Act of 2011”, this legislation would impose a deadline of 45 days on lenders to respond to requests for short sales. To […]

Beware of Foreclosure Scams

More home owners are falling prey to scams that promise to “stop the foreclosure” and “save your home.”

The Federal Trade Commission has released a report to help borrowers avoid falling victim to such scams, here are a few of its tips:

1. Watch for outlandish claims. “Eliminate your debt!” and “We guarantee […]

Vacant Home Insurance

Not many homeowners may be aware but many insurance companies have clauses in their coverage which will deny or limit claims when a house is vacant for an extended period of time. Sellers of a property that are leaving the home empty prior to finding a buyer should check their insurance policy to make sure […]

Existing Home Sales Rise Again

January existing home sales rose 2.7% nationally in January to an annual rate of 5.36 million. This is the third consecutive month that existing home sales have continued to rise and they also now sit above levels of one year ago by 5.3% when sales were at a 5.09 million annual rate. According to National […]

Mortgage Interest Deduction: Who Benefits Most?

The mortgage interest deduction (MID) has come under attack recently by some experts who have advocated its elimination as a deficit reduction method of saving costs to the government. Some of the speculation centers on the MID being foremost a benefit to the wealthy. However, the MID primarily benefits middle-income households, with 65% of families […]