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How To... in Tucson : Real Estate Advice

  • All808
  • Local Info68
  • Home Buying297
  • Home Selling52
  • Market Conditions39

Activity 8
Mon Apr 25, 2011
Don Wehn answered:
On your listing contract, you will find the broker's contact information on the last page. Call that person for assistance.
0 votes 13 answers Share Flag
Wed Aug 7, 2013
Monir Mamoun answered:
Hi Rose, the top exposure these days comes from the internet, because that is where 90%+ of home buyers are looking as far as exposure goes. Besides this, the most important form of exposure is a lawn sign, believe it or not, to capture the people who are driving around your neighborhood. That's really the vast majority of searches these days. Print advertising is very minimal. So as far as top exposure goes, your house should be in the local MLS (multiple listing service) system because that is how most web sites will source information about your home.

Your agent should also host one or two broker open-houses to introduce other brokers. If you get one general consumer open house per month, that helps.

To be honest, your home will only be exposed if the price is RIGHT. You need to price your home at market value or ALL of these measures will be quite worthless. Do not make the mistake of 90% of sellers in this market, thinking you will price it high and then drop it down when you get no showings. You will lose the most critical first 30 days of the listing.

To get exposure, just have your agent do the basics -- and meet that effort by having the courage to price your home right. That will get you the best price at the best time, without getting into the "damaged goods" psychology that sets your selling price back when your home has not sold two months down the road.
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0 votes 16 answers Share Flag
Mon Jan 11, 2010
answered:
Hi Julie,

There are many ways to increase your score, but without seeing your credit report, it is difficult to tell you how to improve your scores. I have worked with many clients who have told me their credit is bad, but after we checked, their scores were good enough to qualify for a loan.

Contact me and I will send you the Credit Resource Handbook & the CD that explains:

* How credit scores are calculated.
* Common misconceptions about credit scores.
* What really causes credit scores to go up and down.
* How to quickly improve a credit score by 50 points or more.
* What are the top 3 things you should do when it comes to getting the credit score to a level that is acceptable to lenders?
* How does one go about removing late payments, collections and charge offs?

For those individuals whose credit score needs a little help, I coach them through to increase their scores enough to qualify of a loan. If the scores are in desperate need of help, we formulate a plan, which may or may not include using a credit restoration company, and time lines to review the credit.

But we need to start somewhere & we start by seeing what shape their credit really is in AFTER we have enough information to be sure they will qualify for a loan based on their financials and work history.

Be aware that ANY recent activity regarding a "Derogatory Account" usually will drop your score, INCLUDING when you make payments or even pay off one of these accounts. Why? Because paying collections will decrease the credit score due to the date of last activity becoming recent. But if you do decide to pay off a collection, MAKE SURE that the creditor gives you a letter of deletion first.

That is why I suggest to my clients that if they are required to pay any Derogatory Account off, that they do so at the closing table (if we can). That way, when your score does drop, you already have your home, and as you are seeing now, your scores will heal, by increasing over time.

One thing to look at are your individual credit cards & line of credit loans. Try to keep your balance on each account less than 30% of your total credit line. If that is not feasible at this time, then try to keep your balance below 49% of the available credit line; that means that when you get charged your interest & your bill comes to you, your outstanding balance on your statement is less than 30% or 49% of your available credit line. This will help you increase your scores.

Another tip is to use a credit card you haven't used in 3 months or more. The credit scoring "machines" will not count your available unused credit in calculating your overall "Available Credit" ratio. Once you increase your total available credit, your ratio will decrease, which will increase your credit score. Sometimes I give my clients homework such as buy a tank of gas with one credit card, or go buy a pillow or pair of socks with a particular store card o increase their score.

These are just some of the tips I provide. Contact me for more tips on how to improve your credit to qualify to purchase a home.

All the best,
Ros

Roswell Moore, CMPS
Certified Mortgage Planner
(480) 422-5095 Direct

Search for Homes for Sale: http://www.EzAzHomesForSale.com
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0 votes 4 answers Share Flag
Mon Apr 6, 2009
Robin Willis answered:
Evany, I am sorry to hear about your situation. Unfortunately both you and your roommate are liable for the 12-month lease. You should look at the provisions of your lease to see what the penalty would be for early termination of the lease. Sometimes you may be charged only a month or two rent for early termination. However, you may be on the hook to pay the remaining months (and attorney's fees if necessary) for breaking the lease. Are you able to get another roommate to help with expenses? ... more
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Sat Nov 22, 2008
Dutch46 answered:
Hi Alan... Get a good real estate attorney, he's the only one qualified to sort things out for you, the situation has surpassed a REALTORS expertice. Good luck
Dutch
tem.haley@gmail.com ... more
0 votes 2 answers Share Flag
Wed Nov 19, 2008
Bill Hogan answered:
Alan:

First and foremost, I am not an attorney and the questions you raise deal with legal issues about which you need to discuss with an attorney. Secondly, I am a real estate licensee in South Carolina and not familiar with Arizona. However, the issues you raise are universal, i.e. limiting personal liability. Insofar as real estate transfers go, In my state public notification (by way of recording) is a necessary step in the transfer process. Even if that were not the case I would be concerned personal liability would survive the transfer given the absence of an arms-length transaction. I would assume any plaintiff's attorney would easily pierce the corporate veil. I imagine you can accomplish the goal of limiting personal liability by transfering title to an LLC, S or C Corp, or a trust. From the due on sale clause with the credit union, that's a tough nut. In the past those clauses have been mainly "boiler plate" in contracts, and seldom used as reasons to call loans, that is, as long as you did not refinance, banks and CU's usually had no knowledge of the transfer unless the transfer was confessed the. In this environment things are different. While a new loan may not be an option with the CU, it may be a necessary evil in solving the personal liability issue by way of the corporate transfer. I would check with my local bank about securing a properly structured loan in the event I pulled the trigger on the transfer causing the the credit union to demand the note. If I went that route I would make sure I talked with an attorney, set up the corporate entity and followed all requirements necessary to maintain a separation of me the shareholder and my corporation the owner. That is keep minute books up to date, elect officers (managers), have annual meetings etc. Those are the complexities that I lean on my attorney for counsel and advice. You may also consider purchasing an insurance policy to cover potential exposure, which you may find is the path of least resistance.

I wish you all the best.
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Mon Jul 2, 2012
George Szkup answered:
Do you mean MLS listings? If so ask MLS!!!
George in Tucson
Trulia - http://bit.ly/4tgwkU (Q&A, Blog/posts, Resume)
0 votes 3 answers Share Flag
Sat Jul 7, 2012
Jed Lane answered:
Mona,
First understand the contreact is with the brokerage not the agent. Talk to the manager of the office and see if they have someone you'd rather work with. If it's a one person show and that isn't an option, you can ask to be released, if they refuse consult an attorney. ... more
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