Say “Hello” to Autumn! Real Estate Update – September 2018

 

bridge-1385938_1920Make Yourself at Home in Tucson

This month we shift our attention from the end of Summer to the official Beginning of Autumn, on September 21. It feels to me like crossing a bridge. What is your view as you move into Autumn? What are you anticipating as the days grow shorter and (finally) cooler?

A couple of months ago I mentioned that I had a water leak problem that resulted in the installation of a French drain and gutter. Apparently, that wasn’t the right solution, as the monsoon rains brought a lot of water through my wall into a puddle in my living room. I contacted a roofer about the leak possibly coming from insufficient flashing on a small gable roof. He informed me that the storm a couple of days before that included hail, had severely damaged my roof. So now I’m anticipating a new roof installation next week, with more rain forecast before they get here. I hope those drops don’t make it to my house!!!

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A Word About Tucson Real Estate

The market slowed down a bit during the summer, still with a seller’s market, as housing inventory remained low. The Fall seems to bring a bit more activity. Are you thinking about making a change – Selling, or Buying? If you are, then also Think of Me! Who do you know who might be wanting make a change? Thank you for passing my name along. Referrals are always welcome and appreciated.

If you want to see more definitive information, such as housing statistics for Tucson, visit my website to get the latest information for your neighborhood.

According to Realtor.com, the median listing price in Tucson is $240,000, with the median closing price at $216,000.  Sellers are receiving 99% and more of their asking price. So if you’ve thought of selling, know that the market is there for you to receive a great price for your home.

Mortgage loans remain stable at 4.5 to 5.5 percent interest. Now is a good time to “cross that bridge”!

In addition, the Pathway to Purchase program is available again for home buyers, offering up to 10% of the loan amount to a maximum of $20,000 towards your down payment and/or closing costs. Income limitations and debt ratio limitations apply. You do not need to be a First-Time Homebuyer but must meet minimum FICO score and conventional guideline requirements. Maximum purchase price cannot exceed $371,936. See your lender for details. Don’t have a lender? I can recommend one! Contact me!

Visit My Updated Website

Long Realty Company has recently upgraded all the agent websites, making it easier, and more fun to search for properties. Stop by to see what I’ve added to my website.

A Word About Seniors

More Seniors are considering making their homes more adaptive, so they might “age in place”. Here are some of the modifications suggested for Seniors, to help them live more safely in their homes. While making home alterations for Senior living can help for a while, Seniors should also think about, and plan for, the time when they may no longer be able to manage their home.

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When considering making modifications to their home, Seniors might also consider using a Reverse Mortgage to pay for the modifications, or even downsizing to a new home. For more information about reverse mortgages, contact your lender. If you don’t have one, I can recommend one. Contact me!

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Happening in September/October

Autumn Equinox (First Day of Autumn) – September 21, 2018 – Do you have a special ceremony to mark the day?

Tucson Greek FestivalSeptember 27 – 30, 20181145 E Fort Lowell Rd

Tucson Meet Yourself October 12-14, 2018 – Downtown Tucson

Happy Autumn!