Tucson Real Estate

Real Estate Auctions

The Blass team — Sun, 06 Jun 2010 22:20:22 +0000

Thousands of homes are being auctioned off every month. Often these are properties that are bank owned, distressed properties, tax foreclosures, or in some cases owned by homeowners or investors who need to sell quickly. Watching as these homes receive multiple bids from cash buyers can make the seller wonder if an auction is the right thing to do.

Typically auctions are best suited to sellers who are willing to accept less than market value for their home in order to sell quickly. But for sellers that do not need to sell fast they still do have some distinct advantages. An Auction is an event similar to an open house it’s something that can be marketed easily, the auction date creates a deadline for buyers to take action, and by setting a reserve price a seller can remain in complete control. Most auctions sales contain few or no no conditions of sale and typically close within 45 days.

A real estate auction is very similar to typical auction with a few key differences. It begins with a homeowner or seller who would like to sell quickly and, in exchange, is willing to accept a discounted price. Next, the real estate is reviewed to determine market value. This is often done by using a standard appraisal, the county tax value, or a competitive market analysis. Once the market value has been established, the seller and the auctioneer agree on a price that both believe will attract a buyer. Finally the seller and auctioneer agree on the kind of auction that best fits the seller’s needs. There are many different types and style of auctions used to sell real estate.

Types of Auctions:

Absolute Auction – This is an auction where the property is sold to the highest qualified bidder. This type of auction means the property will be sold to the highest bidder regardless of price. In other words, if only one person bids a $100 for the home, that’s the price the home sells for.

Auction with Reserve – This is an auction in which the seller or his agent reserves the right to accept or decline any and all bids. For instance, if you have set a reserve price of $200,000 for your home and the highest bid was $75,000, you have the option to reject the offer. A minimum acceptable price may or may not be disclosed to potential bidders prior to the auction.

Ballroom Auction – When one or more properties are being sold by auction, often they will be pooled together and the actual auction itself will be conducted in a meeting room facility, hotel convention facility, or other indoor location.

Bidder’s Choice – With this approach the successful high bidder wins the right to choose a property, or properties, from a group of similar or like-kind properties. This type of bidding is very popular when selling building lots, timeshares and condominiums.

Caravan Auctions – This is a series of on-site auctions advertised through a common promotional campaign that is located very close together. The bidders and auctioneer will actually travel from location-to-location and call each auction while all of the participants are present at each property.

Foreclosure Sale – The foreclosure sale is when a lender cannot collect on a mortgage or a loan and has asked the court to allow, or order, the sale. This type of sale is an excellent opportunity for investors to secure property since the seller’s main interest is to recover as much of amount of the loan as possible.

Minimum Bid Auction – This is an auction in which the auctioneer will accept bids at or above a disclosed price. The minimum price is always stated in the brochure, in advertisements, and is announced at the auctions.

Sealed Bid – In this type of auction, confidential bids are submitted to be opened at a predetermined place and time. This is not a true auction in that it does not allow for reaction from the competitive market place. In some cases this type of auction will work to the benefit of the seller as it forces a bidder to place their best and final offer.

Tucson homes for sale go to www.BLASSHOMES.com, and for all your Tucson Real Estate needs! Visit www.BLASSHOMES.com today!

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Home Owner Tax Tips

The Blass team — Sat, 05 Jun 2010 17:05:12 +0000

Buying and owning a home is a big expense along with the purchase price, there are property taxes, heating and cooling costs, maintenance expenses, etc. The good news is that there are tax savings available to homeowners.

Mortgage interest and points – Most homeowners can deduct the interest paid on their mortgage as an itemized deduction on Internal Revenue Service form 1040, Schedule A. (Deductions reduce your adjusted gross income when computing your taxable income.) And because mortgage interest makes up much of homeowners’ monthly mortgage payments, that’s a big tax break.

However, if your mortgage is more than $1 million, or your home equity loan is greater than $100,000 you may be out of luck.

The amount of your first mortgage may limit how much you can deduct for mortgage interest on your home equity loan, especially if the debt on your home is greater than your property’s value. Read the Internal Revenue Service’s Publication 936, Home Mortgage Interest Deduction for complete requirements and information.

If you itemize your deductions on Internal Revenue Service form 1040, Schedule A, you also may be able to deduct your mortgage points in full the year they were paid. If you are refinancing, you can, based on the number of years of the loan, deduct some of the points. Read the IRS’s Tax Topic 504 – Home Mortgage Points to get all the requirements and details.

Real estate taxes – As a homeowner, you no doubt hate paying property taxes. But the good news is that real estate taxes can be claimed as an itemized deduction on Internal Revenue Service Form 1040, Schedule A. To find out how much real estate tax you’ve paid, check your escrow account through your lender.

Moving expenses – If you had a work-related move (say, if you landed a new job or if your employer relocated you to a new location), you may be able to deduct your moving expenses. (Use IRS Form 3903 to calculate how much you can deduct and note those expenses on Form 1040.)

To qualify for the deduction, your new job must be at least 50 miles further from your old home than your old job was. Also, you need to have worked full-time for your employer at least 39 weeks in the first 12 months after your move to your new home. Read Topic 455 — Moving Expenses from the IRS for more information.

Capital gains tax exclusion – Imagine being able to sell your home, pocket the profits and not have to pay Uncle Sam a dime in taxes. That’s the tax benefit available to homeowners as long as they’ve owned their home for at least five years and lived in it at least two of the five years before selling it.

Single homeowners can realize up to $250,000 tax-free in sales gain from the sale of a home, while married joint filers can see up to $500,000 tax-free in gains. Read Topic 701, “Sale of Your Home,” for more information.

For help with any of your real estate needs please contact The Blass Team! www.blasshomes.com

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Completion of 4 Homes – Habitat for Humanity Tucson

The Blass team — Tue, 01 Jun 2010 14:31:41 +0000

Nice article by Mark B. Evans on May.28, 2010, under Press Release

Four Families to Receive Keys to Their First Homes

TUCSON, Ariz. (May 28, 2010) – Four dedicated Tucson families will cut the ribbon on their first homes on Friday, June 4 at 5:30 p.m., when Habitat for Humanity Tucson dedicates the houses started on Building Freedom Day, September 11, 2009.

“Home dedications sum up months of hard work by our homeowners, volunteers, staff, sponsors and so many other members of our community,” said Michael McDonald, Executive Director. “Handing over the keys, cutting the ribbon and watching the families take their first steps as homeowners is overwhelming and joyful; it’s a time for everyone to celebrate.”
For all of the families, this day has been a long time coming. Each adult has completed 200 hours of sweat equity, building on their homes, working at our HabiStore and volunteering within the community. They’ve saved down-payments, signed the mortgage papers, and packed their boxes.
“It’s better to move into your own house. Everybody wants to own a home. The future will be better for our kids,” said Louis Quiroga, one of the future homeowners.

Last year on September 11, Habitat for Humanity Tucson, along with more than 350 volunteers raised the walls on these four homes and over the past eight months, more than 1,200 hours of homeowner sweat equity and 10,000 construction site volunteer hours have been invested in this project. Habitat for Humanity Tucson offers an innovative solution to the crisis of poverty housing by giving a hand up, not a hand out. Habitat Tucson works to end poverty housing by creating opportunities for homeownership in partnership with low-income families, and by making decent shelter a matter of community conscience and action. For more information please visit, www.habitattucson.org.

Tucson homes for sale go to www.BLASSHOMES.com, and for all your Tucson Real Estate needs! Visit www.BLASSHOMES.com today!

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Moving to Tucson?

The Blass team — Mon, 31 May 2010 16:50:22 +0000

Moving to Tucson?

Here are some helpful sites to make your move a little easier.

Thousands of people have been moving to Tucson, Arizona every month. The dry desert environment is good for health reasons. Many people who move to Tucson are retirees looking for a less expensive, even cheaper, living. Tucson’s laid back lifestyle, inexpensive homes and rentals, access to major shopping and entertainment, make this community of more than one million residents an attractive oasis in the desert.

Read local Tucson news, find out more about Tucson and Arizona .

To help you find a place to stay:

Tucson Hotels/Resorts

or to find a place to live:

realty / real estate home pages
Search the MLS
Pima County Assessor’s Office with public appraisal database
Luxury Homes in Tucson, Arizona
Golf Community Properties in Tucson, AZ,
Southern Arizonas Real Estate Specialists

Some means of transportation:

Amtrak: www.amtrak.com. 1-800-USA-RAIL
Arizona Shuttle: www.arizonashuttle.com. 795-6771
Greyhound Lines: greyhound.com. 1-800-231-2222
Tucson International Airport: www.tucsonairport.org. 573-8000
TIA Flight Arrivals and Departures

even car rentals:

Enterprise, Dollar, Hertz and Thrifty Rent-A-Car

To get around in Tucson you might find these sites helpful:

Motor Vehicles Division
STATE ROAD CONDITIONSTucson Traffic Report
Tucson Car Accidents On Line: http://dot.ci.tucson.az.us
Gasoline Price Index for Tucson: www.tucsongasprices.com
Sun Tran Bus

Employment opportunities:

Tucson Jobs
UA Career Track (job listings): https://www.uacareertrack.com/applicants/jsp/shared/frameset/Frameset.jsp?time=1275323019018

and some of our schools:

Just a few of many useful sites:

Map Center: dot.ci.tucson.az.us/mapcenter
Tucson Police Department
Crime Statstics database
Air Quality Report: http://www.airinfonow.org/monsites/report.asp
Air Quality Index Report: http://www.deq.pima.gov/airdata/pima2psi.htm
Ozone Report: http://www.airinfonow.org/html/ozone.html

Please visit www.blasshomes.com when you are ready to make your move!

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Reduced Pool Home! 4351 W Rae Circle Tucson AZ 85741

The Blass team — Sat, 29 May 2010 18:38:29 +0000

Check out this 1691 sq ft home offers 3 bd/2 ba with tiled family room and fireplace. Plank flooring in living room area. Master bedroom suite with sitting area. Beautiful backyard with covered patio and gated pool. A must see!

For More info on this property and more Tucson homes for sale go to www.BLASSHOMES.com, and for all your Tucson Real Estate needs! Visit www.BLASSHOMES.com today!

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HUGE PRICE REDUCTION! 6334 N Vuelta Tajo Tucson AZ 85718

The Blass team — Sat, 29 May 2010 18:31:25 +0000

1st floor condo with 2 bd/2 ba in beautiful La Paloma! Privacy is yours through the master suite and onto the patio. Enjoy those cold nights in front of the fireplace. Golfing nearby! Could be yours at this great price! Don’t miss out on this great opportunity! Call today!

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New Price in Rita Ranch! 10152 E Paseo Juan Tabo Tucson AZ 85747

The Blass team — Sat, 29 May 2010 18:24:22 +0000

Built in 1996 this home offers 3 bd/2 ba, ceramic tile throughout, fireplace, covered patio, 2 car garage, Vail school district with schools nearby. Give us a call to find out the current low list price!

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BIG Reduction!!!! 7728 E Tanque Verde Ln Tucson AZ 85715

The Blass team — Sat, 29 May 2010 18:17:59 +0000

1615 sq ft townhome will not last at this price! At the end of a cul-de-sac, very private 3 bd/2 ba, nice tiled floors, large covered patio! Give us a call and make your offer now!

For More info on this property and more Tucson homes for sale go to www.BLASSHOMES.com, and for all your Tucson Real Estate needs! Visit www.BLASSHOMES.com today!

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Investment Opportunity! 371 E Corona Tucson AZ 85756

The Blass team — Sat, 29 May 2010 18:10:05 +0000

Duplex property, 2 bd/2 ba in each unit. Close to shopping, airport, buslines and recreational activities. Built in 1996. Come check it out now!

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Sahuarita Home! 906 E Sheriffs Draw Ln Sahuarita AZ 85629

The Blass team — Sat, 29 May 2010 17:49:31 +0000

Built in 2007 this home offers 3 bd/2ba, lots of closet space, spacious living room that opens into the kitchen with breakfast bar area. Sun filled master bedroom with master bath. Huge backyard with covered patio. Bring your offer today!

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