Are You Ready To Buy Tucson Real Estate?

Buying a house of your own may be a long-time dream of yours, but in order for the purchase to be the smooth and satisfying experience it was meant to be, you need to be prepared financially and mentally. 

It's easy to imagine home ownership is like renting, but with the power to have pets, paint walls, and renovate as you please. However, while these privileges are a definite perk in most municipalities, there are also numerous responsibilities you may not be aware of such as mortgages, taxes, and maintenance costs. Preparing for home ownership requires you to take critical stock of your finances and your expectations, and that's where a Tucson real estate agent can help.

Michael Oliver and his team can walk you through the Tucson real estate market one step at a time. If you're a first-time buyer, you can relax knowing that Michael and his team will ensure you have all the information you need to make informed, sound decisions about how to invest your money.

I would highly recommend Michael for any residential real estate need. I listed my home to test the market and received a contract on day 5 for just $2,400 less than my asking price. I was not prepared for such a quick sale! —Falena Reed

Questions for Prospective Tucson Homeowners

Are you ready to buy a Tucson home for sale?

Owning your own Tucson home is about more than the freedom to decorate any way you like; it's also a commitment. Over the years, you'll need to maintenance your home and dedicate a portion of your income and time towards repairs and upkeep. It's about being willing to take the risks of home ownership with a realistic expectation of the rewards.

How much Tucson real estate can you afford?

Tucson real estate can be expensive, and it's discouraging when you find that your salary won't stretch as far as the home you want to own. However, sacrificing a huge part of your income just to pay the mortgage can very quickly make home ownership a burden rather than a point of pride. It's better to buy a modest home now and look at purchasing your "dream home" in a few years.

Explore Rancho Sahuarita for affordable single-family homes, or the subdivision of Saguarao Bloom for recently constructed Spanish houses at an excellent price point.

What is your debt-to-income ratio?

Lenders take this very seriously. Your debt should never exceed 40% of your income, and housing debt should not breach 32%. What you can buy with 32% of your income will depend heavily upon where you decide to settle. In the heart of Downtown Tucson, you may not be able to afford much more than a modest apartment, while the same dollar value in one of the new developments in Northwest Tucson might buy you a house just under 2,000 square feet.

What do you want?

Finding the right property type for you is important. Do you like the idea of cleaning your own gutters? Do you shudder at the thought of lawn care? Would you rather just pay a fee every month and have everything done for you? Each Tucson home buyer is different.

If you contact Michael Oliver today, we can help you explore your financial options. We'll take your lifestyle into consideration and pair you with the perfect condo, single-family home, active adult community, or new construction to fit your needs.

Michael Oliver Can Help

You need a good agent who will work hard for you. The team at Michael Oliver is dedicated to helping you find the right Tucson home for sale, at a price that fits your budget. Prompt reliable communication, a dedication to staying on top of the latest market trends, and our 100% honest recommendations set us apart from other agents. Find out what our past clients have to say about us, or learn more about our relocation services.

Keep your goals in mind when visiting a home. It can be difficult to balance your list of needs and wants when touring Tucson homes for sale. Our team at Michael Oliver will help you way the pros and cons of each property so that you find a home that fits your lifestyle, tastes, budgets, and needs.

Engage the services of a good real estate lawyer. The legalities of transferring land ownership can be complex, and a lawyer can be your best defense against future legal troubles. We can recommend several lawyers in the Tucson area who might be a good fit for you. A good lawyer can charge several hundred to over a thousand dollars for their services, but the thousands of dollars saved in legal fees later on makes this a good expense.

Make the offer. If you haven't bought a home before, making an offer can be confusing. When we take on your case, we will prepare the paperwork and walk you through it step by step before submitting it. There's also the possibility that the seller may reject or counter your offer, and in that case, you need someone like us who has experience negotiating home deals.

Get all necessary inspections done. A good home inspector can be invaluable. They have the skills and experience to spot signs of harmful materials like asbestos, lead paint, and mold. They'll also check for evidence of pests, faulty wiring, and leaks. This is a crucial part of the home purchase. Not getting an inspection done means that you could be stuck in a home with a bad case of black mold and no recourse other than to pay for its removal. Inspections cost a few hundred dollars, but considering that they may save you thousands, this is more than worth it in the end. Contact Michael Oliver to learn more about home inspectors in the Tucson real estate market.

Do a final walkthrough before closing the deal. We'd be happy to do this with you to make sure that everything agreed upon is completed prior to the final signing.

From the first interview that determines your requirements to the moment that you receive the keys, we can help you with the complicated process of buying a home. Don't hesitate to contact us to find out more about how we can make the home buying process easier!

Contact Michael Oliver

Whether you're buying or selling, Michael Oliver has the skill set and the experience to make your Tucson real estate dreams a reality.

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