Sahuarita Home Market Upswing

Oct 11th, 2009 | By | Category: Market Update

sahuarita housing market | the sahuarita connectionAs the “Doom and Gloom” real estate stories have dominated the news, what is happening in the Sahuarita Home Market may surprise you.  Home sales in Sahuarita – Rancho Sahuarita, Sahuarita Proper, Quail Creek – have been on the upswing and home inventories are shrinking.  Good, clean resale homes are being snatched up quickly, leaving only short-sales and foreclosures to choose from.  Since short-sales can take anywhere from 3-14 months for bank approval, many buyers are shying away from them.  Buyers are taking advantage of low prices and low interest rates and are often times purchasing homes that cost about the same per month as renting.

Be sure to check out our Market-At-A-Glance section for an intriguing look at today’s market conditions.

$8,000 Tax Credit
There is a window of opportunity closing very soon.  In order to receive the $8,000 tax credit you have to close on a property before November 30. Update: The Tax Credit has been extended to purchase agreements signed by April 30, 2010 and closed by June 30,2010. If you have not owned a home in the last 3 years call us to day so you can time your purchase to take advantage of this free money.  Don’t miss your chance to buy low and pocket an extra $8,000!

Appraisers are being hyper vigilant because they have ne regulations to adhere to and the market is at the point of shifting that makes appraisals challenging.  Whenever the home and real estate market shifts – as it is here in Sahuarita, Rancho Sahuarita, Quail Creek, and Sahuarita Proper – we go through a time period where properties end up not appraising forcing the buyer and the seller to renegotiate.

Interest Rates
Rates continue to be very attractive.  We are seeing them consistently between 5.25% and 5.875%.  We have had buyers negotiate their rate below 5% on a fixed rate loan, wich secures a more comfortable mortgage payment for the long term.

In addition to the tax credit, prices are low, interest rates are low and sellers are eager to sell.  These conditions have created the best opportunity for buyers looking to buy a home in Sahuarita, Sahuarita Proper, Rancho Sahuarita, Quail Creek, and the surrounding areas.

Call me today so I can help you navigate today’s market as a buyer or seller!

Mary Benavides | Long Realty | The Home TeamMary Benavides
The Home Team
Long Realty

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