Blog
Selling Your Prescott, Arizona Home? Think Like A Buyer
If you are trying to sell your Prescott area home, consider thinking like a home buyer. Walk around your home, what features do you like? What parts of your home need work? From the color of the paint on your walls to how clean your carpet appears, the details are important and the details are what will either attract or repel potential home buyers.
When it comes to paint choose a neutral color. This doesn’t mean a home has to be painted white but a living room certainly shouldn’t be painted hot pink or orange. Taste is subjective and leaving color basic is always best.
The flip side of improving your home for sale is that a recent psychological study shows that new features like new carpet, fresh paint, new cabinets, and the like signal a Band-Aid approach when listed in ads. By all means spruce up your home but point out the great features of your home without using words like “new”, “newly” and the like. Apparently some home buyers see these words as bandages covering a deeper wound. Attention to detail will help sell your home in a more timely manner.
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 Smart Money on the psychology of real estate.
Relocating to the Prescott AZ area? To Buy or Rent is the Question
If you are relocating to the Prescott, AZ area chances are that one of the biggest questions looming in your mind is whether you should buy or rent a home. Of course only you can make that decision but there are some important factors to weigh. How permanent do you feel this relocation is? Do you have to sell a home before you buy a new home? Are home prices in the area that you are relocating to stable?
There is no doubt about it that buying a home today is more affordable than ever. Low mortgage rates, higher than normal inventory levels and low home values combine to make an ideal buyers market when it comes to real estate. If you already own a home maybe renting it out until the market stabilizes or improves makes sense. If you can hold on to your current home, cover its mortgage, and qualify to buy a new home, you could be in an ideal situation.
Examine the affordability levels of your new location. Is it less expensive to rent, or would a monthly mortgage payment be the same or less than paying rent? Find a Realtor that comes highly recommended and pick his brain. Get to know your new area and weigh the pros and cons of renting vs. buying heavily, after-all, buying real estate is a big investment.
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 Bankrate regarding selling vs. renting a home when relocating.
In Prescott Market the Price Matters
When it comes to the Prescott area, real estate price matters. Most real estate professionals will aim to price your home at fair market value at the onset and some sellers are on board, others are not. It has been a rough realization for many to acknowledge that it is a buyers market out there. It has been an unknown in recent months as to whether home values will continue to drop, sta
bilize or improve and every market is different. Regardless of what is going on, if your Prescott area home isn’t selling then you may want to reduce its price.
Whether your home is seeing a lot of potential home buyers or very few, if you haven’t had an offer there could be a few factors. What is your home lacking? Can you fix what your home is lacking? Chances are that if your home is on the market for sale, you are ready to sell it and you are not going to make any large changes to it. The one change you can make is lowering the price. Money matters, more today than ever. If someone sees a home for sale at what they see as a bargain price then they are much more likely to make an offer.
Can you afford to hold on to your home until prices start appreciating again? If so keep your price where it is. If you need to sell then lowering the price could be the key to selling it now.
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 an article from House Logic on reasons to lower the price of your home.
Save Money At Your Prescott Real Estate Closing
It is possible to save money at closing. Whether you are buying a new home or refinancing one you already own, closing costs can often make the process more expensive than expected. When refinancing closing costs can actually get in
the way of making a change a poor financial decision. What many borrowers may not realize is that cutting some of the fees out at closing can happen.
When researching a new loan check with your current lender first. Chances are, if you are in good standing, they do not want to lose your business and will work with you to keep it. Working with your current lender may avoid a new appraisal, application fees and other charges that come along with the loan process.
Find out what a lender’s fees are well ahead of closing so that you know what to expect. By seeing the fees in writing you may also have an opportunity to do a bit of bargaining. The better your credit rating, the more a lender will want to work with you and secure your business.
Finally, look into wrapping your closing costs, or at least a portion of them into your loan. If it make financial sense it can save you money up front. With mortgage rates currently hanging out below 5% wrapping a couple of thousand dollars into a mortgage does not make too big of an increase on the monthly payment. Shop around and speak with a number of lenders before making your decision. Click here for a top local lender.
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 an article from CNN Money regarding cutting costs at closing.
Great Time to Buy Prescott, Arizona Luxury Real Estate
It is a great time to buy luxury real estate in the Prescott area market. Not only are mortgage rates once again at historic lows, but real estate values are low and inventory is high. It is a buyer’s market, which means it is an exceptionally great time to invest in a larger, nicer home, a better time in fact than has been see
n in years. A recent article in the Wall Street Journal mentions that a larger home gives more bang for the buck, and these days that is exactly what people are looking for. Search Luxury Prescott area homes for sale.
Showing properties
1 - 5 of 500+.
See more
city of Prescott real estate.
(all data current as of
9/3/2010)
-
$508,000 : 2992 Noble Star Drive, Prescott5 beds, 3 full, 1 part bathsSize: 5,257 sq ftLot size: 23,958 sq ft
-
$180,000 : 204 Elwood Ln, Prescott3 beds, 2 full bathsSize: 1,219 sq ftLot size: 9,583 sq ft
-
$150,000 : 1138 Corral Road, Prescott3 beds, 1 full bathSize: 1,214 sq ftLot size: 10,890 sq ft
-
$360,000 : 2903 Janice Ct., Prescott4 beds, 2 full bathsSize: 2,113 sq ftLot size: 8,712 sq ft
-
$649,000 : 160 Partridge Ln, Prescott4 beds, 3 full, 2 part bathsSize: 5,308 sq ftLot size: 10,890 sq ft
Listing information deemed reliable but not guaranteed. Read full disclaimer.
Showing properties
1 - 5 of 500+.
See more
city of Prescott real estate.
(all data current as of
9/3/2010)
-
$508,000 : 2992 Noble Star Drive, Prescott5 beds, 3 full, 1 part bathsSize: 5,257 sq ftLot size: 23,958 sq ft
-
$180,000 : 204 Elwood Ln, Prescott3 beds, 2 full bathsSize: 1,219 sq ftLot size: 9,583 sq ft
-
$150,000 : 1138 Corral Road, Prescott3 beds, 1 full bathSize: 1,214 sq ftLot size: 10,890 sq ft
-
$360,000 : 2903 Janice Ct., Prescott4 beds, 2 full bathsSize: 2,113 sq ftLot size: 8,712 sq ft
-
$649,000 : 160 Partridge Ln, Prescott4 beds, 3 full, 2 part bathsSize: 5,308 sq ftLot size: 10,890 sq ft
Listing information deemed reliable but not guaranteed. Read full disclaimer.
It has taken a bit longer for sellers of high end homes to come to grips with reality. That reality is that it is no longer a seller’s market and that sellers are no longer in control. What that means is that sellers now feel the need to not only come down in price but do a better job of haggling when they get an offer, after-all it is an unknown when the next offer may arrive.
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 the Wall Street Journal on why it is a good time to buy a bigger, nicer home.
