Why Do Some Real Estate Transactions Fail?

Real estate transactions can fall apart for a number of reasons, but I have noticed three in particular that cause deals to fail in today’s market.

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Whether you are buying or selling a home, you may end up in a real estate transaction that falls apart. Why do some real estate deals fall through?

There are many factors that go into a real estate deal, but there are three main reasons why a transaction could fail:

1. You ask for too much on the inspection report. Since we have low inventory right now, sellers often end up with multiple offers. As a result, they are not going to fix every single item on the inspection report. If you are buying a home, focus on the major issues in the home rather than requesting a bunch of cosmetic fixes. If you ask the seller to take care of everything on the list, they will simply move on to one of the other six offers they have on their home.

2. Your real estate agent gets emotionally involved. Unfortunately, there are a lot of agents out there who let their emotions interfere with your transaction. As real estate agents, our job is to represent our clients’ needs and interests. Sometimes agents feel as if they are the ones buying the property and end up taking everything personally, which can cause your deal to fall through.

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Focus on major issues in the inspection report instead of cosmetic fixes.

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3. Bad negotiation tactics. In today’s market, if you offer $250,000 on a house that is worth $300,000, you could really insult the seller. Our job as real estate agents is to get you the best deal, but we are also here to educate you. That way, you can offer a fair price, avoid angering the seller, and get a deal done. If you insult the seller at the beginning, you’re in for a difficult battle during the negotiations.

Fortunately, a professional real estate agent can help you avoid any of these problems. If you have any other questions about buying or selling a home, just give me a call or send me an email. I would be happy to help you!

Why the Tucson Market Is Changing

Inventory is extremely low in the Tucson metro area and we're seeing the market turn into a seller's market. We're even seeing sellers receive multiple offers on their homes.

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Tucson is really turning into a seller's market, so I wanted to stop by with a quick market update.

There is extremely low inventory all over the Tucson metro area. I've talked about this before, but I can't stress it enough: if you're thinking about selling at all, inventory is very low right now, so you have a very good chance of getting full price for your home. We're even having a lot of sellers getting multiple offers on their house and getting to choose one that's above asking price in some situations.

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You have a good chance at selling at or above asking price.

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Low inventory puts you in a great negotiating position because buyers have fewer options to choose from, which means that you won't have to do many repairs after an offer comes in. These are the kinds of things that will save you money.

If you've thought at all about selling your home, give me a call or send me an email today because you don't want to wait any longer to take advantage of this market. I hope to hear from you soon!

A Great New Loan Program for Home Buyers

This loan program will gift you up to 10% down to purchase a home. There are limited funds, so acting fast is essential. 

Want to sell your home? Get a FREE home value report.  

Want to buy a home? Search all homes for sale.

I’ve got a great new loan program for buyers that I want to discuss with you today. This program is called “Pathway to Purchase,” and it’s one of the best programs I’ve ever seen for a conventional loan.

This conventional loan product gifts you up to 10% down, and you don’t have to pay it back. The only caveat is that you have to live in the house for five years before selling. After five years, you can sell or do whatever else you’d like. The down payment will cover up to $20,000, so you could get a home worth up to $200,000.

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There are limited funds in this program.

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Even if you have money saved up for a down payment, you can use this extra money for renovations. There are limited funds in this program, so if you would like to learn more, let us know as soon as possible so we can get you in touch with one of our lenders. This program is designed to stimulate activity, but once it’s done, it’s done. This product has also brought more buyers into the market, making it a smart time to sell, too.

If you have any questions for me, don’t hesitate to give me a call or send me an email. I look forward to hearing from you.