Archive for June, 2009
Calling St. Joseph
June 18th, 2009 categories: Beyond Real Estate, Real Estate News
Over the years, home sellers have tried every concieveable practice out there in an effort to sell their home faster. Meditations, home selling dances, burning sage, clearing spirits from the house and of course, calling upon every Realtor’s favorite Patron Saint, St. Joseph.
St. Joseph was the earthly father of Jesus and husband of Mary, another favorite Saint of mine. Joseph is the patron saint of workers, carpenters and families. It has been a long tradition of all faiths that burying a statue of St. Joseph in your yard, or a potted plant if you don’t have a yard, will help your home sell faster.
Calling upon St. Joseph to help you sell your home is simple and the kits are readily available on many web sites and in stores. Simply bury the statue in your yard 6 to 12 inches deep, upside down facing the house, the location may vary as long as you can find the statue when the home sells. The final step is saying a prayer to St. Joseph. Step by step instruction are included with the statue.
I believe the true power of burying the St. Joseph statues lies in your faith that your home is going to sell quicker with his help.
Having St. Joseph on your team is a great start, but one other thing that will really make a difference is pricing your home competitively and hiring an experienced Realtor.
Make necessary repairs before putting your home on the market and make sure your home is in saleable condition.
If you would like to discuss market conditions or if you have questions about selling your home, please call us at 928.778.4492.
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Cloudstone Patio Homes Phase B
June 15th, 2009 categories: Cloudstone Patio Homes, Home Buyers, Real Estate News
Cloudstone Patio Homes is nearing completion on the first patio home in Phase B.
The estimated completion date for 
1606 Cool Breezes Lane is June 20th.
This 3 bedroom, 2 bath home features some of the best views in Prescott! Other features include granite counter tops, 9′ ceilings, a spacious great-room with a fireplace, cultured stone accents on the exterior, designer doors, carpet and tile flooring, front and rear landscaping, block wall and wrought iron fencing, covered front porch and covered back patio, two car attached garage and a $5,000 credit toward buyers closing costs.
This home is offered at $299,900 and comes with a two year contractor warranty.
MLS# 935678
Take a Virtual Tour of the Cloudstone Neighborhood.
Views of Granite Mountain from the rear patio.
If you would like more information on the Cloudstone Patio Home subdivision, please contact Sherry Huffman or Sue Brown at 928.778.4492 or 928.533.1833. For more information on Cloudstone Patio Homes, visit www.cloudstonepatiohomes.com
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Prescott Real Estate market update, June 12th, 2009
June 12th, 2009 categories: Prescott Market Statistics, Real Estate News
Below is the monthly update for the Prescott Real Estate Market.
Absorption rates are a calculation of how long it will take for all the homes on the market to be sold, or absorbed at the current rate of sales.
| Price Range | Residential Properties On The Market | Closed Sales Last Month | Absorption Rate # Of Months It Will Take To Sell |
|---|---|---|---|
| $300,000 and below | 231 | 31 | 7.45 Months |
| $300,001 to $500,000 | 334 | 14 | 23.8 Months |
| $500,001 to $800,000 | 213 | 4 | 34.8 Months |
| $800,001 to $100,000,000 | 69 | 2 | 53.25 Months |
| $100,000,001 and above | 68 | 0 | 68 Months |
| Totals | 915 | 51 | 17 Months |
Prescott Real Estate- Year to Date Sales Information
| Property Type | Listings For Sale |
Current Pending Sales |
Closed Sales Year To Date |
|---|---|---|---|
|
Single family Residential |
931 | 131 | 218 |
| Vacant Land |
1,452 | 10 | 22 |
| Condos & Town Homes & Patio Homes |
141 | 13 | 18 |
| Multi Family Properties |
26 | 0 | 4 |
| Commercial Properties |
209 | 6 | 4 |
| Business Opportunities |
11 | 0 | 1 |
The information provided is courtesy of the Prescott Area Association of Realtor MLS. This information is deemed reliable but not guaranteed.
If you would like more information on the Prescott Real Estate market, please contact us at 928.778.4492 or e-mail us at info@thehuffmangroup.com
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Old Real Estate Sayings That Are True Today
June 8th, 2009 categories: Home Sellers, Prescott Homeowners
There are a lot of old sayings in the Real Estate business. Some of them are true, some not. Here are five old sayings that are true in any type of Real Estate market.
1. Your First Offer is Your Best Offer. I have sold or been involved with hundreds of Real Estate transactions over the years, and more times than not, the first offer to come in is usually the best offer. When a seller receives an offer on their home, it may be less than expected or desired. After negotiating, Seller and Buyer cannot come to terms, the deal dies and the search for another buyer resumes. More times than not, offers that follow are incrementally less than the first offer, and ultimately the seller wishes they had made the first offer work. Remember, don’t step over dollars to save pennies.
2. Low Ball Offers Don’t Necessarily Get You the Best Price. Extremely low offers can lead to an insulted seller, which typically leads negotiations to nowhere. Most sellers are emotionally attached to their homes and a low offer may be perceived as insulting. I recommend that buyers know the comparable sales prices in the neighborhood and make an offer slightly below that. If the sales prices ends up near market value, everybody wins.
3. Overpricing your home is a huge mistake. This is and always has been the biggest mistake a seller can make. Sellers do not set property values, the market and buyers do. If you over price your home, you run the risk of always being behind the curve, trying to play catch up with price reductions and probably in the end, getting less for your home. If you are serious about selling your home, Price it competitively from the start.
4. It’s Nearly Impossible To Under Price A Home. If a home is truly priced below market value, chances are it will receive multiple offers driving the price back up to market value, maybe even a little higher.
5. It’s important to Offer The Most and Cost The Least. This is the secret to selling your home for top dollar, with the least amount of hassles and in a reasonable time period. I recently met with a client who sold a condo in Michigan, which due to the economy is a difficult place to sell a home. She explained to me that while her condo was on the market, she personally looked at all of the other condos listed for sale in her complex. After previewing her competition, she made sure that her condo was the best and brightest and priced below her competition. Needless to say, her condo sold, while the others are still sitting on the market to this day. She went on to say that since she closed escrow, values have declined further in her former neighborhood.
My business if full of old sayings and rules of thumb. The above are just a few that are heard on a regular basis, especially in today’s market.
If you would like to discuss current market conditions or any Real Estate needs, please call us at 928.778.4492.
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I’m Ready for Monsoon Season
June 1st, 2009 categories: Beyond Real Estate, Home Buyers
When it comes to the weather, I’m kind of a weather nut. I love lightening and thunder, and the closer and louder it is, the better! The summers in Prescott are especially exciting for someone like me because of the Monsoon thunderstorms. The Monsoon Season begins around the first part of July, ending sometime in September and the thunderstorms they produce can be unbelievable.
This May we had “Pre-Monsoon” storms with beautiful thunderheads developing in the afternoon and even a few inches of rain.
The Climate Prediction Center’s precipitation outlook for June, July and August 2009 calls for enhanced probabilities of above normal rainfall in Arizona. Yippee!
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