Cash has no extra powers than an offer with financing, why would you give away the home on a cash offer if you can walk away with the whole amount in a financed sale! Buyers with cash are not getting it, at closing whether cash or finance the seller walks away with a check for the amount they cleared after the sale of their home! Cash can do only one thing slightly better and that is you can close the sale quicker, but would you take 10K less or wait the extra few weeks... more
Hi Patricia, I work extensively in Sam Hughes as well as the surrounding university area and know the market and homes there very, very well. (I currently have 2 homes for sale in the area). Was there a specific question you had about the neighborhood that I could help answer for you? My email is firstname.lastname@example.org or tel 520-204-2008, and I'm a realtor with Prudential Real Estate here in Tucson. Thanks!
Are we to believe that the NY Times is an authority on the real estate market in Arizona? That's curious. I suppose the LA Times has an expert on New York real estate as well. And the Dallas Morning News probably knows the most about Seattle Real Estate.
Ok, I've ranted a bit there, but my point is, getting real estate market advice from a source across the country is probably not likely to yield very accurate results.
In Phoenix (which is to say nothing of the entire state of Arizona), we have sub-markets that have seen little, if any price decline. We have other markets that have seen dramatic 50% price declines, with no floor in sight. Location, location, location is the big deciding factor. Normalcy for declining markets will return when inventory balances against demand. In our hardest hit areas, it looks to me like the decline is years from ending. In other areas, balance is almost at hand, while in other areas, balance was never out of hand.
Have I mentioned that real estate is local?... more