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Found 104 entries published by Michael Oliver.

Having sold many homes I can tell you the common problems almost all home sellers face and what the solutions are.

First, why does anyone decide to sell a home in the first place?

The reasons are all different but some of the most common are the following.

  1. Out of space. Growing families and people with too many hobbies can easily and unknowingly just run out of space before they even notice it. Moving to a home with an extra bedroom, garage space, or just more footage can alleviate a lot of pressure that naturally builds up when you feel you are in a cramped space or things are stacked on top of each other.

  2. The need for something new. Don’t ask me why but I think humans are designed to seek new shelter after a certain amount of

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The housing market in Tucson seems to remain strong with many buyers willing to pay some of the highest prices Tucson has seen in some time.

 

Average sale prices in are up 6.30% from a year ago in March of 2018. Currently the average Tucson area home is selling for $249,683. We at Oliver Realty contribute this directly due to low inventory levels and limited options for buyers to buy. Even lower interest rates recently are also fueling buyer’s ability to buy at higher prices.

 

See Current Homes For Sale In Tucson

 

Inventory remains very constrained with only 3.34 months of inventory available. 5397 total homes currently for sale down 12.2% from last March! Oliver Realty expects this number to slowly rise as sellers realize prices are

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The housing market in Tucson seems to remain strong with many buyers willing to pay some of the highest prices Tucson has seen in some time.

 

Average sale prices in are up 3.01% from a year ago in February of 2018. Currently the average Tucson area home is selling for $246,615 We at Oliver Realty contribute this directly due to low inventory levels and limited options for buyers to buy. Low interest rates are also fueling buyer’s ability to buy at higher prices.

 

See Current Homes For Sale In Tucson

 

Inventory as mentioned remains very constrained with only 3.26 months of inventory available. 4905 total homes currently for sale down 18.5% from last February! Oliver Realty expects this number to slowly rise as sellers realize prices

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Today’s real estate market is quite a bit different then it was several years ago. Inventory remains tight (has been for years), prices are high and the good homes all seem to have several offers already placed on them. So what do you do in today’s market?

 

  1. Stay ahead of the market; For serious buyers in today’s real estate market you need to actively be involved in the home search. At Oliver Realty that means get a free account for our +Search which is our search feed that updates automatically as new homes hit the market. As your broker we will build a search we think aligns with what your specific needs are in a home with some of our own ideas of where to find value. As soon as those homes hit your price point of criteria they are

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In today’s market buyers want up to date, clean and stylish homes. These are the homes we are seeing sell for a premium. In some cases I have seen homes that are well put together sell for a 10%+ premium to what they would sell for if just put on the market as if the owners did nothing special prior to listing for sale. Obviously an extra 10% adds up when selling your home. So what should you do?

 

  1. Paint; Paint the interior and if needed the exterior. If your home has not been painted in the last 10 years it’s due for a new paint job. Neutral contemporary colors and sheens work best. Light cream colors, silvers, and light blues are currently in trend and if you want something different soft yellows also can work well. For paint sheens do not

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The housing market in Tucson seems to remain strong with a slight slowdown during the holidays however buyers are back and willing to pay some of the highest prices Tucson has seen in some time.

 

Average sale prices in are up 9.48% from a year ago in January of 2018. Currently the average Tucson area home is selling for $253,801 We at Oliver Realty contribute this directly due to low inventory levels and limited options for buyers to buy. Low interest rates are also fueling buyer’s ability to buy at higher prices.

 

See Current Homes For Sale In Tucson

 

Inventory as mentioned remains very constrained with only 3.04 months of inventory available. 4905 total homes currently for sale down 13.9% from last January! Oliver Realty expects

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The real estate market has appreciated substantially since 2014. Today, many buyers may think that it is impossible to get a lot of house for their money because of the current conditions, but we will show you how to do exactly that.

 

  1. Buyers looking to maximize their value and get the most house for the money need to look for homes that need a little bit of work/ repairs. The well appointed, up-to-date homes in the market are selling for premium prices currently. If you want to get the most for your money you need to look for those properties that need a little help. Cosmetic improvements that can be completed for a few thousand to your likes could save you up to $10,000 off of your new home. This makes for a great return on investment.

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Should sell my house?

This is a question that a lot of us ask ourselves from time to time. The simple response is it comes down to is your home still meeting the needs you had when you purchased it? Have those needs and/or lifestyle changed? 

Tucson Home Michael and Heather Oliver Successfully Sold 

One simple question to honestly ask yourself and/or your family is; “Is this house still meeting our needs and lifestyle?"

Here’s what I mean by that. Every house serves a function and the obvious function is to keep us out of the cold, but past that there are far, far more functions (I will call them jobs from now on) that a home is doing for you and your family.

For instance; Homes with children in the local school district are being educated and getting a direct service from that home’s location.

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On the NW side of Tucson two very popular and above average price point neighborhoods are having major issues with water contamination. Homeowners have been advised not to drink the water at all as high levels of dioxane and PFAS both of which can cause a wide range of health issues. Continental Ranch is unaffected as the well the neighborhood draws water from is serviced by Tucson Water. At this time there is no timetable when the pollution will be solved and residents will be able to go back to drinking the water. A great resource to learn more is an article about this shown here; Tucson.com Marana Water Article

How does this affect real estate in the area?

In our opinion, this pollution will affect values in Continental Reserve and Saguaro Bloom

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Today the Fed increased rates again for the fourth time since 2015 by 1/4 of a percent. While this is a small increase it is usually felt across the financial landscape as it is the main rate all others originate from. Will mortgage rates go up due to this? Maybe, however, we feel that the increase should not happen anytime soon. Inflation seems to be the real driver of higher rates as lenders are most concerned with their principle not being eroded as much as what the return is going to be on the loan. This being the case without inflation being very present in the economy currently mortgages rates should stay low for the near future. 

If and when (we think it is a matter of when not if) inflation does start to increase mortgage rates should rise in

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