Oro Valley, AZ Real Estate News

Buyers - Time is running out in order to receive the home buyers tax credit The $8,000 first-time homebuyer tax credit is extended Now, qualified first-time home buyers would receive their $8,000 tax credit if they sign a purchase contract by April 30, 2010 and close by June 30, 2010 The home purchased must be their primary residence Buyer cannot have owned a home during the past three years Tax credit is up to 10 percent of the home's value (not to exceed $8,000) Annual income caps to qualify for the tax credit will increase ($125,000 for single filers / $225,000 for joint filers). Partial tax credit can be granted for incomes up to $145,000 for single filers / $245,000 for joint filers   New $6,500 tax credit for current homeowners purchasing a primary residence Eligible home buyers m...
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By Richard Lecinski
(Long Realty Company)
Stay Young Forever in Sun City Vistoso   A Tucson Arizona Premier   Active Adult Golfing Community   Where it is More Than Living - It's a Lifestyle      With its beautiful backdrop of the Santa Catalina Mountains and prime location in the Town of Oro Valley, a prestigious suburb of Tucson Arizona.  This 45 to 55 plus active adult community has immediate appeal. The open green space and desert views provided by our golf course add to that appeal, as does the outstanding reputation of the golf course itself. The number and variety of our amenities, clubs and activities, equal or exceed those seen in other active adult communities. Our library is a unique asset, unmatched elsewhere. The Del Webb - Pulte built homes are well-constructed and maintained, as is the entire completed community....
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By Richard Lecinski
(Long Realty Company)
Oro Valley Guide - Tucson online golf Check out Tucson golf, get coupons online or make tee times. A great resource for the vistor or resident of the greater Tucson - Oro Valley Arizona areas.  Tucson Online Golf Guide - Reserve Tee Times at many area courses http://www.dotucson.com/visit.asp?qry=999lf If you are looking for a golf course home in the Oro Valley - Tucson area please check my web site or call. Rich Lecinski Long Realty Company Tucson - Oro Valley Arizona     520-834-4663         http://rlecinski.longrealty.com http://www.arizonagreatliving.com Please call or email if questions. Thank you  
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By Richard Lecinski
(Long Realty Company)
  Because this is an important and life changing decision, do not just pick a real estate agent out of the phone book, and/or stick with the first agent you meet - interview at least two agents. Make sure that you feel comfortable with the agent you will be working with. In the interview question the agents about their experience in handling clients dealing with the issues that you are dealing with. Try to get a sense of whether or not the agent would be sensitive to your needs; and make sure the agent is willing to deal with other family members if necessary. When selecting an agent, discuss the percentages that the agent will charge you for selling your property. If an agent tells you he/she is charging you a "standard" percentage rate for services, be weary, this is false. A percent...
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By Richard Lecinski
(Long Realty Company)
Can You Get a Loan Today? Changes in the housing and mortgage industries have prompted many people, including the media, to wonder: "Can you get a loan today?"The answer is simple: Yes!Despite the negative headlines over the past year, there's actually plenty of money available for loans. In fact, reports indicate that over $2.7 Trillion in loans were originated in 2009. That's over $1 Trillion more than 2008.However, mortgages must make sense in today's terms - not the looser standards permitted by lenders a few years ago.What does this mean to borrowers today?Lenders have returned to a pre-2000 mindset - a kind of "common-sense lending" that seeks long-term success versus short-term profits.That means lenders need documented evidence that a borrower is creditworthy and is likely to re...
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By Mark Finchem
(Long Realty Company)
People buy homes for many reasons but nearly all view the purchase as an investment.  As such confidence in value usually plays the biggest roll of all.  I've heard it said often, "the buyer sets value".  For if there is no buyer willing to pay what the seller wants, there is no transaction and the property sits on the market. Consider this; if a buyer waits for prices in general to drop 10% and in the mean time the mortgage interest rate rises 1% the payment will be the same.  If the seller waits for a higher price it si likely the interest rate will be higher and a prospective buyer might be squeezed out of the market.  The house continues to sit. Trying to time a purchase or sale to "beat the market conditions" often backfires in the peaks and valleys of the homes sales marketplace. ...
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By Mike Jones, Mike Jones NMLS 223495
(SUNSTREET MORTGAGE, LLC (BK-0907366, NMLS 145171) )
Arizona's gift to the nation, the 2009 Capitol Christmas Tree, stopped this weekend in Oro Valley, Arizona. Oro Valley is one of Arizona's newest success stories, with wide streets, beautiful subdivisions and shopping centers that eclipse most of what quiet old Tucson has to offer. The tree, 65 feet tall, will be trucked to the White House, where it will be put on display shortly after Thanksgiving. People came from all over to put their signatures on the side of the vehicle.  This little guy, seven years old, didn't have a pen, but my Darlin' took care of that.  I had to get in on the act, and I made sure Active Rain got to go along for the ride.  It's faint, but it's there! When the tree is set up and tricked out with lights and decorations for Christmas in our nation's capitol, I'm e...
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By Richard Lecinski
(Long Realty Company)
The Home Buyers Tax Credit is a gift for many boomers and retirees who are downsizing or maybe moving to a warmer location. You maybe be able to receive up to $6500.00 or 10% of the purchase price. To qualify for $6,500 version of the credit, you must close on a home, or be locked into a contract to close on one, before May 1, 2010. The closing itself must occur before July 1, 2010. You do not have to be a first time home buyer!! Even if as a retiree you do not pay or file an income tax return you will receive the money. Please contact me for additional information or talk to your accountant. Richard Lecinski Long Realty Company Tucson - Oro Valley - Vail - Marana Arizona http://rlecinski.longrealty.com www.arizonagreatliving.com 520-834-4663    
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By Richard Lecinski
(Long Realty Company)
Check out Tucson golf, get coupons online or make tee times. A great resource for the vistor or resident of the greater Tucson - Oro Valley Arizona areas.  Tucson Online Golf Guide - Reserve Tee Times at many area courses http://www.dotucson.com/visit.asp?qry=999 Rich Lecinski Long Realty Company Tucson - Oro Valley Arizona 520-834-4663 http://rlecinski.longrealty.com http://www.arizonagreatliving.com Please call or email if questions. Thank you  
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By Richard Lecinski
(Long Realty Company)
First Time Homebuyer Tax Credit Extended Into 2010! Plus...A New Tax Credit for Certain Existing Home Owners! It's official. President Obama has signed a bill that extends the tax credit for first-time homebuyers (FTHBs) into the first half of 2010. This program had been scheduled to expire on November 30, 2009. In addition to extending the tax credit of up to $8,000 through June 30, 2010, the extension measure also opens up opportunities for others who are not buying a home for the first time. So Who Gets What? The program that has existed for FTHBs remains intact with the one exception that more people are now eligible based on an increase in the amount of income someone may now earn. Additionally, the program now gives those who already own a residence some additional reasons to mov...
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By Mark Finchem
(Long Realty Company)
REALTORS work in the ultimate pay for performance environment.  We don't get paid if we don't perform and we are held accountable for everything we do.  So, if we are held to the high standard of care and ethics (NAR Code of Ethics), shouldn't the rest of the players in the system also be held accountable with a similar performance expectation? FHA is taking unprecedented -and long overdue- steps to protect taxpayers from the fast and loose practices that some lenders have engaged in during recent times.  The FHA has plans to implement serious credit policy changes to enhance risk management.  I have always wondered why an organization like the FHA did not have the same safeguards that a major business would have like an effective Risk Management office with accountability & consequence...
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By Mark Finchem
(Long Realty Company)
I recently attended a closing with a client -first time home buyer- who commented on the AED hung conspicuously on the wall near the Escrow Officer's private office. He asked, "Is that for resuscitating people who have a heart attack when they see the final cost?"  A few minutes later my young buyer & I noticed a difference in fees from the pre-closing HUD-1. In a few short weeks lenders will be held even more accountable for what happens at the closing table.  Transparency will be the rule.  The Washington Post writer Kenneth Harney's article lays out the changes. Harney writes, "Here's what's about to happen: Starting January 1, 2010, loan charges and settlement fees will be spelled out on a revised, more consumer friendly version of the good faith estimate form that borrower are supp...
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  The active adult community at the foothills of the beautiful Santa Catalina Mountains Sun City Vistoso is a 1000 acre active adult retirement community conveniently located northwest of Tucson, at the base of the Catalina Mountains in the Town of Oro Valley. The beautiful setting is only the beginning of the quality of the Sun City Vistoso community. With a population of over 4500 active adults, Sun City Vistoso offers a friendly hometown feeling - close enough to the city for convenience but far enough away for tranquility. The amenities offered include an 18-hole championship golf course intricately blended with its desert base, miles of wide, clean streets and sidewalks ideal for walking and bicycling, and three recreational facilities that offer many programs and opportunities act...
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By Richard Lecinski
(Long Realty Company)
Congress extends homebuyer credit President Obama is expected to sign a bill passed by Congress today extending and expanding the first-time homebuyer tax credit to homes under contract before May 1. The credit, equal to 10 percent of a home's purchase price, remains capped at $8,000 for first-time homebuyers, but income limits have been raised. Congress also approved an expansion of the credit to allow homeowners who have been in a principal residence for at least five of the last eight years to claim a tax credit of up to $6,500 if they sell that home and buy another. That will provide an incentive not only for entry level, but move-up buyers -- a goal supported by real estate industry groups. An extension of the existing tax credit -- currently set to expire at the end of the month -...
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By Jane Penttinen, NMLS #222178
(V.I.P. Mortgage )
                    It's time to call it a night.  The fun and games of Halloween are done for this year.  Tom had really BIG fun playing with all the kids who came trick or treating and now he will start thinking about next Halloween.
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By Jane Penttinen, NMLS #222178
(V.I.P. Mortgage )
Halloween is Tom's FAVORITE holiday!  Tom is my husband of 40+ years.  He loves Halloween better than any other holiday!  When our daughters were little, he would build a huge haunted house on our patio.  It would take him days to set it all up.  I don't know who enjoyed it more, Tom or our two daughters and the neighborhood children Our daughters are all grown up now and the haunted house is a fun memory of the past but Halloween is still Tom's favorite holiday.  This year, every night for the last couple of weeks when I got home, I would see a new decoration in the front yard.  The trees are all strung with orange twinkle lights.  There are two large ghosts hanging out and a large bat - all in anticipation of sitting outside this evening to hand out treats and thoroughly enjoy the nei...
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By Richard Lecinski
(Long Realty Company)
  Real Estate Tips for Seniors Richard Lecinski - Long Realty Oro Valley - Tucson Arizona   When selecting an agent, discuss the percentages that the agent will charge you for selling your property. If an agent tells you he/she is charging you a "standard" percentage rate for services, be weary, this is false. A percentage rate is negotiable by federal law. The length of the contract in which you list with the agent is negotiable as well. Pick a real estate agent who is willing to show you a marketing plan. A solid marketing plan demonstrates a commitment and willingness that will be instrumental in selling your property in a timely manner, eliminating unnecessary expenses related to utilities, real estate taxes, interest expense and lost interest income. A marketing plan should includ...
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By Marsee Wilhems
(RE/MAX Majestic)
This 2481 square foot 4/3 with pool and incredible mountain views has brand new flooring and paint throughout. Don't miss out on the best opportunity in Oro Valley and the Amphitheater school district with Copper Creek Elementary, Wilson K-8, and Ironwood Ridge High. This is a Fannie Mae HomePath property which can be purchase for as little as 3% down. Property is approved for HomePath Mortgage Financing and HomePath Renovation Financing. Call agent for details. Just minutes from shopping, restaurants, and recreation at Catalina State Park or golf at the Hilton El Conquistador. For more details and CURRENT pricing call 520-885-9000.
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By Marsee Wilhems
(RE/MAX Majestic)
One of a kind hilltop retreat! True Tucson Masterpiece of quality and detail in Oro Valley Country Club Estates. Gorgeous views and privacy. Unbelievable backyard oasis with lagoon pool, water feature and impeccably cared for grounds. Lush fruit trees, shade trees and herbs. Rustic charm embodied in saltillo tile floors, beamed ceilings, french doors, arches, Roman Tubs, talavera tile accents and Rainforest atrium! This home is a true gem! Located in the Amphitheater School District with Copper Creek Elementary, Cross Middle, and Canyon Del Oro High. For more details and CURRENT pricing call 520-885-9000.
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By Patrick Randles
(Nova Home Loans)
As I approach my 40th birthday in November, I am trying to set some goals for the upcoming months. For over a year now, I have told myself that I would get back to my college weight of 185 pounds. I tipped the scale 2 weeks ago at 209 pounds. So I have set out to drop 24 pounds in the next 90 days. While we are at it, I will introduce you to a running friendly community, Oro Valley, AZ. It has been my home for 15 years. I'll give you a few basics about Oro Valley: Founded in 1974. 43,000 residents 7 miles north of Tucson, Arizona Ranked #44 of "top 100 places to live and launch a business "by Fortune Small Business Magazine Considered one of the Southwest's most affluent communities with the median family income being very high for the region.   To put some of this into context, I was a...
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