Tuscon...sold

A very nice Tuscon on the lake with a pool has just sold for $385,000.  This was NOT a short sale and took a bit over five months to sell.

Interestingly, the sellers purchased the home in June of 2008 for $409,900 but put down a nice chunk of change...hence, even though they probably netted $50,000+ less than they paid, it was not a short sale...just a loss to the seller.

The non-short-sale sales may be averaging about 5% or more above what an identical short sale would sell for. Buyers are willing to pay that premium to avoid the uncertainty and drawn out process of a short sale. If you're thinking of selling and are lucky enough to not be in a short sale situation, now appears to be a good time for you. With the extension and expansion of the tax credt, coupled with the currently low mortgage rates, it may be the right time to take the money and "rent" (not run).

Tuscon now under contract...pool/lake.

A Tuscon that was NOT being marketed as a short sale just went under contract. The home was placed on the market in early June at $428,000 but was priced at $400,000 at the time of contract.

The current owners just purchased the home in June of '08 @ $409,900.

Journeys End, Tuscon, price reduction

A Tucson on C Durham that was originally listed at $428,000 back on June 9th was just reduced to $400,000. This home was purchased by the current owners in June of 2008 for $409,900.