Why Should You Get Pre-Approved For A Mortgage Before Starting To Shop For A House
So, you’re ready to buy a house? Congratulations! It’s an exciting time, but it can also be overwhelming, especially when it comes to finances. One of the most crucial steps in the home buying process is getting pre-approved for a mortgage. In this blog post, we’ll discuss why and when you should get pre-approved for a mortgage before starting to shop for a house.
Why Should You Get Pre-Approved for a Mortgage?
Getting pre-approved for a mortgage is an essential step in the home buying process. It’s a preliminary review by a lender to determine if you qualify for a home […]
Why It’s a Great Time to Buy a Home in Prescott, Arizona
If you’re looking to buy a home in Arizona, you may want to consider Prescott, a charming city located in the central part of the state. With its mild climate, scenic landscapes, and friendly community, it’s no wonder why many people are choosing to call Prescott their home. And now, with the current state of the real estate market, it’s an opportune time to invest in property.
Here are a few reasons why it’s a great time to buy a home in Prescott, Arizona.
Affordable Housing Options
One of the primary reasons why it’s a great time to buy a home in […]
Is Now A Good Time To Buy A House?
Technical Info
As a real estate agent, I can go on and on about absorption rates and inventory trends.
You don’t want to hear that.
The market has changed drastically in the last, well, since April or so.
That’s when the Fed boosted the interest rate. They’ve boosted a couple times since then.
Mortgage rates have about doubled in the last 6 months.
Inventory is up.
The number of sales is down.
What’s a buyer to do?
The Motivation
Most people don’t buy houses as investments.
No one says “Honey! The absorption rate is over 8 months! Let’s buy a house!”
They buy them […]
I’m a Control Freak
I’m a control freak,
because I can do everything better than everyone else.
If you want something done right, do it yourself.
You know what I mean?
Then, earlier this year, I got really busy.
I was running as fast as I could.
I was burnt. I needed help.
I asked Sam, who the best TC in the office was.
And I hired Tania Nauroth.
I just threw all my paperwork at her.
She organized it. She reviewed it.
She uploaded it.
She reminded me when things were due.
She managed all my paperwork.
She worked with my clients to get […]
The Mistake Most People Make Before Buying a House
Wrong First Step
The first step most people take when they consider moving to Prescott, is to surf Zillow or Realtor.com, looking for the perfect house.
That’s fun to do, but it’s a pasttime, not the first step in buying a house. It’s as productive as scrolling through Instagram or eating donuts.
The most important step in the home buying process, and the hardest, is getting your financing lined up.
The first question that I’m going to ask you when you ask me to show you houses, is if you’ve talked to a lender or a mortgage broker.
If you tell me you’re […]
9 Home-Buying Myths You Need to Stop Believing Immediately
So you think you’re finally ready to make the jump from renter to homeowner? Awesome! In this exciting but admittedly scary time, you might be inclined to turn to friends and family for advice—especially if they own homes.
But beware, dear homebuyer of the future: Those close to you might not be the experts you think they are. You could be heeding bad (albeit well-intentioned) advice without even knowing it.
So we’re here to bust the most common misconceptions about home buying so you can do this thing the right way. Because this is what we do.
Myth No. 1: The first […]
Fewer Bidding Wars Now, the Lowest Level Since 2020
Buyers of homes in Prescott have been involved in bidding wars for most of the properties that have been listed.
While prices remain high, the number of bidding wars seems to be slowing down.
Nationwide, the number of houses subject to multiple offers is lower according to this article in RedFin:
While sellers continue to have the upper hand, buying a home has become slightly easier this summer as the country’s acute shortage of homes for sale is no longer intensifying and the market has undergone its typical seasonal slowdown. Home-price growth is stabilizing following months of record gains, […]
March 2021 Market Report – Single Family Homes in Prescott
Here is the market report for Prescott for March, 2021.
This week the median list price for Prescott, AZ is $750,000 with the market action index hovering around 58. This is an increase over last month’s market action index of 55. Inventory has held steady at or around 100.
Prices appear to be hovering around their high point. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.
$800K
Prices have generally settled at a plateau, although Quartile 1 is on a bit of an up trend in recent weeks. […]
Investment Property in Prescott, AZ
I was recently asked about investment property in Prescott. Since I wrote up answers for them, I thought I’d share them with you.
How does Prescott (Quad-Cities) rank among the real estate investment markets in Arizona? Why?
There are two ways to make a return on investment properties, as income property or long term appreciation.
Phoenix is the 5th largest city in the USA, so it has a large, diverse population, which is growing. That makes it the best investment market when looking at income property, because there are more rental opportunities with lower price points and higher […]
Arizona Leads Nation In Homeownership Growth
It seems that Arizona is among the fastest growing states in many ways.
Arizona is adding homeowners faster than any state in the nation, a sign of continued growing economic momentum in the state.
“The American dream of owning a home is alive and well in Arizona,” said Governor Ducey. “People continue to flock to Arizona for our growing jobs market, unbeatable quality of living, and affordable housing. While many states pursue an opposite approach—higher taxes, more regulations and more burdens on regular people—we will continue to pursue policies that keep Arizona an affordable and attractive place to live.”
The state’s homeowner […]
Buying Prescott Real Estate
Blog Posts
