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Custom Home Short Sale Opportunity in Prescott, AZ
Don’t Wait and Want! Captivating Custom Home on 1.1 Acres in the Crossings at Willow Creek, Prescott,AZ
Online Prescott MLS Search | Find Your Perfect Prescott HomeDISCLAIMER: Tim Anderson disclaims liability for any damages or losses, direct or indirect, that may result from use of or reliance upon information, products or services contained in this blog, or for accuracy of comments or opinions posted by visitors to my blog, or for links to other websites and the content, products or services that may be offered on or through those sites.
Mortgage Rates Drop Once Again Time to Buy a Prescott Area Home
Mortgage rates have once again hit record lows in an effort to spur real estate sales nationwide. Poor reports on job creation and high unemployment figures are spurring the lowering of rates, meant to improve the housing sector of our economy.
The current average rate for a 30 year fixed rate mortgage is 4.44%, a year ago it was 5.29%. A 15 year fixed rate mortgage is averaging 3.92%, down from 4.68% a year ago. A five year adjustable rate mortgage is averaging 3.56%, down from 4.56% a year ago.
Low mortgage rates appear to be doing the job of increasing home sales. While real estate sales are in no way booming, they are improving. The National Association of Realtors (NAR) tracks 155 metro areas across the country and has seen improvements in real estate sales in more than 60% of these areas.
The historically low rates are creating an ideal borrowing climate for those who have a steady source of income, the money for a down payment and good credit. It is a prime buyers market when it comes to Prescott area real estate. The low home values and low mortgage rates combine to make it more affordable to buy a new home than it has been in years.
Tim Anderson, a Prescott AZ Realtor, can help you search for Prescott AZ real estate or give you advice on selling your Prescott AZ home. Tim Anderson can be contacted at (928) 308-9595 (928) 308-9595 or by email.
Financing a Prescott Home May Be Tougher But It’s Not Impossible
Financing for Prescott area real estate may be tougher these days, but it is not impossible. When it comes to buying a new home it is more important than ever to be prepared when qualifying for a new loan. Times have changed. The days of securing no-do
c loans or loans with no money down are in the past. To get a loan today it is commonplace to put a minimum of 20% down however there are lower down payment programs available. If you have the down payment money for a loan on a new home, that is the first step.
Qualifying for a mortgage involves stating a steady source of income, a good credit history, and a reasonable amount of debt. Similarly what will work against you is poor credit, unemployment, no down payment funds and lying on a loan application. In addition if you are self-employed you should expect to jump through some pretty big hoops.
If you want to buy a Prescott area home do not despair. If buying a home is in your budget you will be able to work it out. If its not in your budget at the moment it is probably best that you wait until it is.
Tim Anderson, a Prescott AZ Realtor, can help you search for Prescott AZ real estate or give you advice on selling your Prescott AZ home. Tim Anderson can be contacted at (928) 308-9595 (928) 308-9595 or by email.
Online Prescott MLS Search | Find Your Perfect Prescott HomeDISCLAIMER: Tim Anderson disclaims liability for any damages or losses, direct or indirect, that may result from use of or reliance upon information, products or services contained in this blog, or for accuracy of comments or opinions posted by visitors to my blog, or for links to other websites and the content, products or services that may be offered on or through those sites.
Building a Prescott Custom Home? Do’s & Don’ts
Do it right...this time!
Before you start…..Caution-Philosophy Ahead. Prior to starting on your Prescott home building adventure, let us look at some of the caveats that prospective homeowners should be aware of. Building a home is usually an undertaking between partners, and requires a substantial effort on their behalf. However, this does not mean that the road traveled can not be highly enjoyable. What it does mean is that both parties should…
- be on the same page, with the same information
- have common intentions for the basic design
- work toward a definable set of goals
- have a positive mental attitude
- discuss this book to gather new insights
Custom Home Do’s & Don’ts The ULTIMATE GUIDE for getting your custom home DONE RIGHT! by Kip Koehler mailto:info@rokhomedesign.com Kip is a Custom Home Consultant in Prescott, Arizona.
A common misconception about building a custom home is that disagreements between mates will invariably strain their relationship. This is not necessarily true, nor does it have to be that way. Because of the home building experiences that my wife and I had, it actually built a stronger bond between us…a big plus in a landscape of potential negatives. At the beginning of this project, I would suggest…sitting down with a good glass of wine, trying to envision the end result of your labors, discussing the steps that it takes to get there.
If both parties can not substantially agree on what the home should look like, take a time out and re-start this process after some thoughtful contemplation. To put this process another way, a good relationship between partners and a good home building experience will always involve compromise. Winning an argument may appeal to some, but if it adversely affects the relationship, the winner becomes the other looser. So try for a win-win scenario, which means compromise. When parties disagree, the person with the greater need should prevail…unless that person always has the greater need.
Another tactic that can be employed in developing a team spirit is the: us vs. them scenario. With this attitude in mind, prospective homeowners should develop a common front against the potential difficulties involved in dealing with the designer or architect, contractor and their subcontractors. That is, confront the challenge of the building process as a team, rather than individuals who do not have a common ground. Working together in this fashion can help to foster a bond that is more positive than one that is constantly being distracted by disagreements.
Watch for more great tips in future posts to help you with informed decisions to get the most out of your home building experience and get it done right!
Tim Anderson, a Prescott AZ Realtor, can help you search for Prescott AZ real estate or give you advice on selling your Prescott AZ home. Tim Anderson can be contacted at (928) 308-9595 (928) 308-9595 or by email.
This post is courtesy of Kip Koehler, be sure to contact Kip for professional consultation prior to building your new custom home. Kip can be reached in Prescott, AZ to set up a no charge consultation 928-710-7520
DISCLAIMER: Tim Anderson disclaims liability for any damages or losses, direct or indirect, that may result from use of or reliance upon information, products or services contained in this blog, or for accuracy of comments or opinions posted by visitors to my blog, or for links to other websites and the content, products or services that may be offered on or through those sites.
Buying A Prescott, AZ Home? Some Important Things to Think About
If you are buying a Prescott area home there are some important things to think about. While there are people out there who do not believe that a person’s primary residence should be looked at as an investment, the reality is that a home is probably one of the most expensive purchases in a person’s lifetime and, as such, is a very important investment. That being said, buying real estate is a big deal and should be approached with thought and caution.
There are two main factors when buying a home, one being financial, the other being physical. Financially it is of the utmost importance to buy within your means. Know your budget, what you can afford now, and do not go beyond it. Before even looking for a home go through the pre-qualification process of acquiring a mortgage. Lastly, remember that you are your own best advocate, do your research and know what expenses will be coming at you upon closing so that you are not caught off guard and forking over extra, unexpected money that you cannot afford.
When it comes to the physical attributes of your house hunting, it is a good idea to look at everything available in your price range in the area that you want to move to. Realize that there is a good chance that you will be attracted to real estate that is above your price range but remember to be realistic, you need to stay within your budget.
When it comes to real estate it is a great time to be a buyer. Contact a local Realtor with a solid reputation and see what you can find.
Tim Anderson, a Prescott AZ Realtor, can help you search for Prescott AZ real estate or give you advice on selling your Prescott AZ home. Tim Anderson can be contacted at (928) 308-9595 (928) 308-9595 or by email.
Click here to read a recent article from Investopedia titled “10 Worst First-Time Homebuyer Mistakes 2010”.
Showing properties
1 - 5 of 500+.
See more
city of Prescott real estate.
(all data current as of
9/3/2010)
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$87,500 : 2227 E River Trail Road, Prescott2 beds, 1 full, 1 part bathsSize: 728 sq ftLot size: 3,049 sq ft
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$99,750 : 3130 Duke Drive, Prescott2 beds, 2 full bathsSize: 1,244 sq ftLot size: 7,840 sq ft
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$180,000 : 204 Elwood Ln, Prescott3 beds, 2 full bathsSize: 1,219 sq ftLot size: 9,583 sq ft
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$360,000 : 2903 Janice Ct., Prescott4 beds, 2 full bathsSize: 2,113 sq ftLot size: 8,712 sq ft
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$150,000 : 1138 Corral Road, Prescott3 beds, 1 full bathSize: 1,214 sq ftLot size: 10,890 sq ft
Listing information deemed reliable but not guaranteed. Read full disclaimer.
Online Prescott MLS Search | Find Your Perfect Prescott HomeDISCLAIMER: Tim Anderson disclaims liability for any damages or losses, direct or indirect, that may result from use of or reliance upon information, products or services contained in this blog, or for accuracy of comments or opinions posted by visitors to my blog, or for links to other websites and the content, products or services that may be offered on or through those sites.
