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Now is a great time to buy your first Home in Tucson Arizona.
I am sure many people realize that the American Recovery and Reinvestment Act of 2009 authorizes a tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009. Time is actually running out to find a Tucson home and also close on it by the deadline.
We expect closings to be delayed as lenders and banks do their best to get all the loans closed prior to the end of November. The current Tucson home inventory around the $200,000 price bracket isalso shrinking and the interest rates are possibly trending upward. We have been checking the current Tucson Real Estate Market, and have found that many popular areas now have inventories levels of less than six months. We are expecting another round of possible foreclosures in Tucson, but this may not happen before the end of November.
Just as an FYI a first time buyer can be defined as a buyer who has not owned a principal residence during the three-year period prior to the purchase of their home, as well as someone who has never owned a home. This means that you have 3 months to find your home, get your financing organized and close on the home to take advantage of this government Act.
Let us know how we can help you get qualified for your new home in the Tucson and surrounding area, and we will also help you find your new home here. Some new home builders have homes that will close prior to November 31st and are willing to lock at current interest rates too. You can search home on our site by clicking the link below.
http://www.thetucsonexperts.com
For those of you that do not know much about Tucson we were just rated as one of the best and most affordable places to retire and live by Business Week.
If you are looking to buy a home in Tucson as either a primary residence or as a second home, then our pricing is currently at an all time low and can be compared to home prices in 2003. As Tucson is the oldest continually in habited city in the US, there is no lack of Local History. We have over 350 days of sunshine, have great sunsets, cacti, restaurants, and outdoors activities. We have most of our rain in the Summer months along with the monsoons, and have spectacular lightening storms.
Tucson really has something for everyone as we also are surrounded by 8000 ft mountains that have pine forests. We also has the most southernly ski slope in the US at Mount Lemmon, and one can enjoy some home made fudge there in the Winter!
Feel free to call us for a FREE Tucson relocation package that will give you detailed information on Tucson, its history, major employers, living in the Sonoran Desert, and the surrounding area of Oro Valley, Marana, Vail and Sahuarita.
Author: Aniruddha Badola
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