Top 10 Home Preparations for Vacation Time
Protect Your Home While on Vacation
It is a fact, Prescott, Arizona, is an excellent place to vacation! People visit Prescott from all parts of the country (and world) to visit our beautiful town. Buy, what if you are a Prescott resident, and you are opting out of a staycation this year and vacationing elsewhere? While you are away, there are simple strategies that you must take to ensure your home is safe while you are gone.
Before you leave town, there are a few precautionary safety tips to keep your home and your possessions safe while you’re gone. Often in the prep time for a vacation, people neglect to take simple steps to protect themselves from becoming a victim of theft or vandalism.
You’ve probably covered your bases, but just in case, here are ten necessary precautions you can take when leaving for a vacation:
- Have someone collect your mail and newspaper daily. If you cannot have someone pick up your deliveries, have the Post Office hold your mail and call and put your newspaper subscription on a vacation hold.
- Try not to draw attention to something different at your home; leave shades, and blinds in regular positions.
- Purchase inexpensive timers from the hardware store and put at least two lights and a radio on automatic timers.
- Have someone leave trash at your curb on garbage collection day. Even though arranging someone to set out your trash may be challenging, this detail catches the thief’s attention.
- Have someone park a car in your driveway occasionally. If you leave your car outside, arrange to have it moved every so often.
- Leave a key with a trusted neighbor in case of an emergency. Inform the neighbor about where you are going and your expected date of return. Leave them a way to get in contact with you in case of an emergency.
- Lock all windows and doors before you go. Do not forget to double-check the basement and garage doors.
- On extended trips, have someone maintain your landscaping (grass mowed, leaves raked, etc.)
- Consider turning off your home’s water main to prevent possible damages from a burst pipe. If this isn’t an option, turn off your wash machine valve because this is the number one culprit to explode when no one is home.
- Be careful how much you check in on social media while on vacation. If your privacy settings are incorrect, you might reveal to strangers your home is vacant!
We sincerely hope you stay safe and have a great vacation. It is worth repeating, Prescott is a fantastic place to go on vacation. Maybe it is time to purchase a vacation home or a vacation rental? Maybe it is time to call Prescott your home?
Give us a call, we would love to show you what is available. Contact me a call at (928) 916-1921.
From Bad Comes Good: Trent Beaver Proves Adversity Can Breed the Top 1% In the World of Real Estate
Sometimes, it’s the negative experiences that serve as the push we need to dive into something totally new and scary. For real estate agent Trent Beaver, this couldn’t be more true.
Following an initial bad experience in real estate, Trent wanted to learn more about the game so he could avoid that kind of downfall again. Pursuing his own real estate licensing to ensure clients and home buyers never went through what he did, Trent committed himself to being the very best in the Arizona market.
Tips for a Faster Home Sale
When selling your house, there are a few key things you can prioritize to have the most significant impact for a faster sale:
- Make Buyers Feel at Home
Declutter your home! Pack away all personal items like pictures, awards, and sentimental belongings. Make buyers feel like they belong in the house. According to the 2019 Profile of Home Staging by the National Association of Realtors, “83% of buyers’ agents said staging a home made it easier for a buyer to visualize the property as a future home.”
Not only will your house spend less time on the market, but the same report mentioned that, “One-quarter of buyers’ agents said that staging a home increased the dollar value offered between 1 – 5%, compared to other similar homes on the market that were not staged.”
If you don’t have time or the budget to stage the entire house, the four rooms you should focus on are the Living Room, Kitchen, Master Bedroom, and Dining Room. For example, for the dining room, make sure the dining table is the right size, and the paint is light and bright. For the master bedroom, make sure all of the clothing is appropriately hung and have unnecessary furniture removed. The kitchen should appear decluttered and functional, and the living room should have the accessories kept to a minimum.
- Keep It Organized
Since you took the time to declutter, keep it organized. Before buyers arrive, pick up toys, make the bed, clear off the fridge, toss the newspapers, and put away clean dishes. As mentioned above, the kitchen is one of the most important rooms to stage to attract more buyers. Put out a scented candle or some cookies fresh from the oven. Buyers will remember the smell of your home.
- Price It Right
More inventory coming into the market guarantees there will be some competition. You want to make sure your home gets noticed. A key to selling your house is ensuring it is Priced to Sell Immediately (PTSI). Proper pricing means you’ll be driving more traffic to your property and ultimately creating more interest in your home.
To help give you an idea of your home’s value, we have on our website a calculator to see what homes have been selling for in your neighborhood. Click here to see the current list of homes that have sold near you, then give me a call, and we can discuss the price of your home.
- Give Buyers Full Access
I know that we all have busy lives, but one of the top four elements when selling your home is access. If your home is available anytime, that opens up more opportunities to find a buyer right away. For some buyers, especially those relocating, time is limited. If they cannot get into the house, they will move on to the next one. Let’s chat about how we can make your home accessible.
If you want to sell your home, in the least amount of time, at the best price, and with as little hassle as possible, you need to enlist the help of a seasoned real estate professional. Let’s connect today to determine what you need to do to sell your home as quickly as possible. (928) 916-1921.
Be Satisfied with Your Lender Selection with These Tips
Homebuyers often do not realize how complex and competitive the lending process can be. For many (especially first-time buyers), there is only a hazy idea of “the bank” approving or denying them a mortgage. Understandably, many consumers are not educated on how to shop for a loan or that investing a little time upfront can result in profound savings and a sense of satisfaction instead of disappointment.
Articles are popping up, statistics are rolling in, and we find that homebuyers are regretting their mortgage. According to the Wall Street Journal, “in a recent survey, 21% of home buyers regretted their choice of lender,” and for first-time home buyers, 27% regretted their choice of lender (The Wall Street Journal). A Zillow study concluded that “17% of young homebuyers regret their purchase” and that “more than a fourth have regrets about their mortgage, saying they rushed through the process” (The OCR) . . . We want to help you avoid this disappointment.
How to Look for a Lender
Nerd Wallet has provided a short article that helps you hunt for the best mortgage lender. Here are five tips they suggested:
- Get your credit score in shape: The lower the credit score, the higher the interest rate. Elevate your credit score by paying off high-interest debts and lower your overall debt. Also, double-check to make sure your credit report is accurate and error free.
- Know the mortgage lending landscape: Understand the common types of home lenders: credit unions, mortgage bankers, correspondent lenders, saving and loans, and mutual saving banks.
- Get preapproved: By getting a mortgage preapproval, you will have an edge when bidding against other buyers.
- Compare rates from several lenders: Search for the best mortgage rates online. Once you have several quotes, compare the costs, and you can use your research to negotiate for the best mortgage rate.
- Ask the right questions: After you have compared rates, ask for referrals from friends, family members, and look up online reviews and independent rating agencies to learn about the lender’s merit. Then when it’s time to meet, ask questions such as: (1) What is their method of communication? (2) How long does their preapproval, appraisal, and closing take? (3) What lender fees are there? (4) What are the down payment requirements?
Warning Signs of a Predatory Lender
- Big Fees
- Penalties for Paying Off Early
- Inflated Interest Rates from Brokers
- Steering and Targeting
- Adjustable Interest Rates That “Explode”
- Promises to Fix Problems with Future Refinances
- Repeated Refinances That Drain You
- Not Counting Taxes and Insurance
For more information on each of these warning signs, refer to Responsible Lending’s article on this topic.
Are you looking for a mortgage broker to help you navigate the lending process? I’m happy to refer a few. Get in touch today: (928) 916-1921.
How to Understand “Price Per Square Foot”
Price per square foot is a real estate concept that is easy to understand but equally easy to misuse. The formula is pretty simple: To determine the price per square foot, you take the house’s sale price and divide it by the house’s square footage.
Price per square foot is useful in looking at broad market comparisons, such as comparing one entire metro area to another or looking at an area’s average change over time. It is not, however, accurate in figuring out the value of your home.
Why? Unfortunately, the price per square foot fails to consider the most important factors when pricing a home.
First and foremost, it makes assumptions about the home’s amenities. We all know the quality of materials used in home construction and the condition of the home’s appliances and other features can dramatically impact a home’s value. A kitchen with Italian marble surfaces versus one with pressboard countertops will have completely different values. Price per square foot in a given neighborhood will blend these homes and produce an average.
Second, the price per square foot assumes locations are identical, but in almost any metro area, there are up-and-coming neighborhoods as well as neighborhoods in decline. Price per square foot near an abandoned industrial zone will vary considerably from one near a well-established downtown district with an excellent walkability score.
Third, even the simple calculation of price per square foot can influence how the total number of square feet has been calculated. If one has a garage converted into an in-law suite, and another home doesn’t, which square footage is valid? And what about the house or lot size? Sometimes above or below-grade lots can influence the price per square foot as well.
Compare Subdivisions
One of the things I love about technology is information. Our website offers Market Trends for each of our towns, as well as area subdivisions. The reports outline the number of properties for sale, new listings, days on the market, and average sale prices. Take time to click around and look at different areas; it is quite fascinating.
We also offer information about Price per Square Foot. For example, the average price per square foot in American Ranch in Prescott is $433, the average price per square foot in Forest Trails in Prescott is $352, and Prescott Ridge in Prescott Valley has a per square foot price is $606. (These are prices at the time of publication, click on each area to view the current numbers.)
Resources and Tools
Price per Square Foot helps compare areas, but when it comes time to set a value for your home, we have other tools to help you determine that number.
When valuing a home, we work hard to get an accurate value that considers dozens and dozens of factors. If you would like a real estimation of your home’s value in its current condition and location, we would be happy to help. We have resources and tools available that take into account numerous variables to arrive at an accurate value. Get in touch today, and we will show you what goes into determining the optimal value for your home: (928) 916-1921.
How to Understand “Price Per Square Foot”
Price per square foot is a real estate concept that is easy to understand but equally easy to misuse. The formula is pretty simple: To determine the price per square foot, you take the house’s sale price and divide it by the house’s square footage.
Price per square foot is useful in looking at broad market comparisons, such as comparing one entire metro area to another or looking at an area’s average change over time. It is not, however, accurate in figuring out the value of your home.
Why? Unfortunately, the price per square foot fails to consider the most important factors when pricing a home.
First and foremost, it makes assumptions about the home’s amenities. We all know the quality of materials used in home construction and the condition of the home’s appliances and other features can dramatically impact a home’s value. A kitchen with Italian marble surfaces versus one with pressboard countertops will have completely different values. Price per square foot in a given neighborhood will blend these homes and produce an average.
Second, the price per square foot assumes locations are identical, but in almost any metro area, there are up-and-coming neighborhoods as well as neighborhoods in decline. Price per square foot near an abandoned industrial zone will vary considerably from one near a well-established downtown district with an excellent walkability score.
Third, even the simple calculation of price per square foot can influence how the total number of square feet has been calculated. If one has a garage converted into an in-law suite, and another home doesn’t, which square footage is valid? And what about the house or lot size? Sometimes above or below-grade lots can influence the price per square foot as well.
Compare Subdivisions
One of the things I love about technology is information. Our website offers Market Trends for each of our towns, as well as area subdivisions. The reports outline the number of properties for sale, new listings, days on the market, and average sale prices. Take time to click around and look at different areas; it is quite fascinating.
We also offer information about Price per Square Foot. For example, the average price per square foot in American Ranch in Prescott is $433, the average price per square foot in Forest Trails in Prescott is $352, and Prescott Ridge in Prescott Valley has a per square foot price is $606. (These are prices at the time of publication, click on each area to view the current numbers.)
Resources and Tools
Price per Square Foot helps compare areas, but when it comes time to set a value for your home, we have other tools to help you determine that number.
When valuing a home, we work hard to get an accurate value that considers dozens and dozens of factors. If you would like a real estimation of your home’s value in its current condition and location, we would be happy to help. We have resources and tools available that take into account numerous variables to arrive at an accurate value. Get in touch today, and we will show you what goes into determining the optimal value for your home: (928) 916-1921.