When it comes to the real estate market, Tucson is certainly a bumpy road. This market hasn’t properly normalized, and growth has stagnated. Homeowners looking to sell their homes in Tucson aren’t feeling very optimistic about the process, but they don’t have to give up. Before you throw in the towel, do a little research. There are still other ways you can sell your home, and we may be able to provide you with the alternatives you need to make that sale.
TUCSON ARIZONA PROPERTY VALUES
The median value for all homes in Tucson is a modest $153,800. This figure has fallen from its peak of $208,000 in 2007, and risen from its low point of $120,000. Values have been growing between 4% and 5% annually, which is a growth rate that promotes stability. Homes will likely never return to their previous highs, and this is the safest scenario. Slow and steady wins the race, as irritating as that may be to many Tucson homeowners.
Wakefield and Rose are generally regarded as weaker parts of town. The homes are old, and many have them have reached the end of their glory. They need a lot of work to be repaired and brought up to date, but homeowners don’t have that kind of cash to throw around. Values won’t rise much in these areas unless the homes are modified. Homes in Westside and Starr Pass are in better shape, and closer to thriving areas of the city. These command a higher value on principal, and that value is usually double that of their counterparts.
TUCSONS HOUSING MARKET
There aren’t too many positive things to say about Tucson’s housing market. Values bottomed out hard, and they have a long way to climb if they ever reach the top again. The market is locked into a neutral stance, making the stakes the same for both buyers and sellers.
To top it all off, the market is at below average health. Double the amount of homes in Tucson experience negative equity when compared to the national average, and that doesn’t help matters.
Out of the homes that sell, about 15% sell at a price cut, and 14% sell below their previous sale price. Tucson is struggling to get the market started up again, and this leads to sellers making a lot of compromises that they don’t want to have to make.
Many sellers are having trouble finding anyone interested in purchasing their home, and this is all due to the market forecast and the stagnation that’s left Tucson in poor standing.
Saguaro National Park
WHAT IF I CAN'T SELL MY HOUSE?
This is a question a lot of homeowners have been asking themselves, because it is a prevalent issue. Even the best homes are sitting around on the market for longer than homeowners expect them to.
When homes aren’t selling, there’s only so many things you can do to entice buyers into purchasing them. Not all of these will work for every situation, but some of them are worth looking into.
MAKING UPGRADES TO YOUR HOME
Since homes are lower in value than most areas of the country and the market has certainly seen better days, your property will need to be enticing enough to make buyers overlook the combination of these negative factors. If your home is out of date or in need of repairs, you might want to put together a worklist. Buyers don’t want a low value home that’s already riddled with problems. They’d rather find a home that’s move-in ready, and they’ll put their money where their mouth is.
This creates an interesting conundrum. When a home is already valued so low, is it really worth investing so much money into that home? Most of the time, the answer is no. These investments may not offer any return, especially if the entire neighborhood could really use a face lift. Don’t pull out a loan and risk facing significant debt if the risk won’t work in your favor. Oftentimes, it won’t. There are better ways to utilize your time and money.
You can always hold out for a buyer who is willing to purchase homes in any condition. Even if your home has faced damage from a flood or a fire, someone may be willing to make a deal. Oftentimes, homeowners turn to investors in order to sell properties that aren’t seeing much success on the traditional market. They don’t look at properties with the eyes of a normal buyer – they have their own plans.
IS AN INVESTOR RIGHT FOR YOU?
There are a lot of reasons why you should consider calling an investor. No matter what, and investor will almost always be willing to purchase your home. They don’t care if it’s beat up and full of mold. They aren’t bothered by your noisy neighbors or your dated kitchen. They buy properties with intention of putting in all the hard work, which takes the stress off your shoulders.
Home Buyers USA will be willing to help you. All we need from you are the details about your property, and we can draw you up a cash offer. Even the darkest cloud has a silver lining, and we want to be tht silver lining for you. As soon as you’re ready to sell your home, give us a call. We can start a fast sale process and take the home off your hands.
HOW DO INVESTORS WORK?
Home Buyers USA has worked very hard to implement an easy system for homeowners seeking help. We use a three step process to help owners sell their properties, and it only takes a few minutes to get the ball rolling.
REQUEST YOUR OFFER
Using the form located at the bottom of this page, submit your information to us. We’ll contact you if we need further information, but in most cases, we can prepare you a cash offer almost immediately. We’ll have one of our experts review your submission and come up with an estimate.
REVIEW THE OFFER
The offer we’ll give you will be very straightforward. There are no hidden costs or fees associated with this offer – what you see is what you get. We pay in cash, so nobody has to wait around for bank approval.
MAKE YOUR DECISION
If you accept our offer, we can hit the ground running. We can purchase your home immediately and complete the quickest closing process available to a home seller. If you choose not to work with us, we may still be able to help you find a sale method that better suits your needs.
Most homeowners have never worked with an investor before, so it is to be expected that you may have a few questions. If you don’t understand what we do or how the process works, we’re always available to answer your questions. For the most part, the process is the same for everyone.
We Buy Homes in Any Condition
Most traditional buyers aren’t willing to buy homes “as-is”, but these are exactly the properties that home investors are looking for. It doesn’t matter if your home is damaged, or hasn’t been properly maintained in years. We don’t expect you to prepare the home for us. We’ll do that out of our own budget.
We Cover the Paperwork
We’ll handle the whole closing process. We’ll handle all of the paperwork associated with the sale of your home. It costs you neither your money nor your time. Leave it all to us.
We Don't Charge Closing Costs
You don’t have to pay for anything. When we made our offer on your home, we already considered things like the closing costs. There are no commissions or fees to pay associated with the sale of your home. A legitimate investor would never burden you with these costs.
We Buy With Cash
The everyday buyer needs to go through a bank and get approved for a loan before the home can transfer hands. Sometimes loan approval doesn’t come, and the process needs to start all over again. Since we buy in cash, we can bypass the red tape. We already have the funds available to use at our discretion, and we can cut right to closing.
We Can Close in a Week
It’s not too often you see a 7 day closing process, but that’s exactly what we do. Having the funds available right away means nobody has to wait for a thing. We cut out the middle of the process and go straight from the beginning to the end.
We Respect Your Situation
When you’re dealing with a rough market, you probably have enough on your plate. We don’t want to make the situation any more stressful. We respect what you’re going through, and we’d love to provide you with the help you need to scratch this problem off of your list.
Would You Like a Free, All-Cash Offer on Your House?