- Property taxes and qualified home interest are deductible on an individual’s federal income tax return.
- A homeowner can exclude up to $500,000 of capital gain if married and filing jointly or up to $250,000 if single or filing separately. The home must have been the taxpayer’s principal residence for the previous two years.
- Almost all offers to purchase a home in Tucson require that a Loan Status Report be submitted with the offer. Your Real Estate Agent or Lender can assist you in obtaining that document.
- The majority of the time a Tucson Real Estate Agent can show you any home whether it is listed with a company, a builder, or even a For Sale by Owner.
- A Tucson New Home builder will not charge you extra if you use a Real Estate Agent to represent you in your purchase. Use a Real Estate Agent so you have somebody on your side!
- Working through a Real Estate Agent to purchase a For Sale by Owner can be very advantageous because someone will be looking out for your best interests.
- As the Home Buyer you are Entitled to do Any and All Home Inspections that you desire when you purchase a home in Tucson. You should be sure to avail yourself of this right.
- A Home Warrantee can provide coverage for selected items such as central heat and air conditioning, interior plumbing, built-in appliances, pool equipment, and other things. Ask for it! If the seller is not providing this coverage, you can purchase it yourself.
- Not all Tucson Real Estate Agents are created alike. Use the one that best fits your needs and who you have confidence in. Buying a Tucson home is a major purchase, use an expert.
- Carefully evaluate any Real Estate Agents Credentials, Experience and Track Record. Ask how many homes in Tucson they have sold in the past year, get to know them. Chose the best qualified Real Estate Agent you can find to represent you.
- Ask the Real Estate Agent for a list of buyers that he or she has helped. Call several names to verify that you’ll receive good service.
- Ask the Real Estate Agent who he or she is representing in the transaction. The good ones will explain this to you right up front.
12 Things Tucson Home Buyers Should Know
- Brenda O’Brien
- 09/11/23
