Listing Feature – 6235 Almosta Ranch

You have to see this amazing new listing in The Reserve At The Ranch in Prescott!

This is an amazingly luxurious contemporary, single level home.

With jaw dropping, sweeping long distance views of the surrounding mountain ranges, this home gives the feel of being surrounded by nature, but still sits in the town of Prescott.

Located in the gated upscale community of the Preserve at The Ranch, this property boasts over four private acres and sits on a knoll with beautiful serene views from its many walls of windows.

With 4445 square feet and having been extensively remodeled to create a more open and livable space, you will have plenty of room to make this home your own and entertain guests.

The renovations include a temperature controlled wine cellar, an inviting wet bar with gorgeous three dimensional bluestone tiles, and an all new dream kitchen with four ovens, an 8-burner Viking gas range, and a 48” Subzero. A portion of the home that was once a portion of screened in porch is now the new family room, inviting and spacious for all to enjoy the amazing views.

This home also has a lot of outdoor living space that truly puts the icing on top of the cake of this immaculate house, allowing you to enjoy the remarkable views from both the outdoors and from the comfort within your own home.

The outdoor living includes a lower flagstone patio with a fireplace surrounded by a seating area, an outdoor BBQ kitchen area, and an inviting sunken spa surrounded by decking and that rests on a peninsula jutting from the patio to allow you to take in all your incredible views.

Whether you are looking for some peace and quiet or a beautiful home to bring your friends and family for get-togethers, or maybe both, this home has it all!

Call for you showing appointment today at 928-771-1111.

Using a Real Estate Agent VS. For Sale By Owner

When looking to sell real estate, one of the first questions one asks is, “Should I use a real estate agent?”

While it might be tempting to forgo an agent in order to save money, and people often think “How much do they really do anyway?”- using a real estate agent could be one of the best choices you make in your future home sales, and we aren’t just being biased.

Statistics show that selling your home with the help of a real estate professional will get you a higher profit in the end – enough to cover the commission as well as put more money in your pocket. According to the National Association of Realtors (NAR), in 2017, “for sale by owner” (also known as FSBO) homes accounted for only 7% of home sales. On top of that, the average FSBO home sold for $200,000, compared to $265,500 for agent assisted home sales (www.nar.realtor). That’s a $65,500 difference!

Though marketing and selling your home may seem like a breeze, there is actually a lot of work and thought that go into what real estate professionals do. Here are three main points to consider when debating on whether you should sell your home FSBO or use a real estate agent:

  • First off there is setting a price for your home. When you do this yourself, you run the danger of either 1) setting the price to low, therefore cutting the earnings you could have potentially made, or 2) setting the price too high and having your home sit on the market for FAR too long, which makes the home look bad and will make buyers hesitant about it when you drop the price later on.

These two things often happen because those who put their homes on the market as FSBO try to use an online assessment tool to gage their home price, which are not reliable, or go off what neighbors claim they were offered. The real estate market varies and changes constantly, and when you use an agent to sell your home, you are getting someone who works in the fluctuating market on a daily basis. They will have the best knowledge and experience to price your home at just the right spot to ensure you get the most for your home.

  • Another issue with doing a FSBO is that marketing your home is not as easy as it looks. You may have it on a few social media sites and listing websites, however, your home is unlikely to get the amount of exposure it needs – the amount it gets with a real estate agency – without using an agent.

For example, as opposed to a few websites when listing a home FSBO, when a seller lists their home with the Kathleen Yamauchi Group, we market their home in all of the following ways: professional photography, distinctive signage, short message service (SMS) sign riders, our website kathleeny.com, matterport 3D video tours, print in Homes and Land Magazine, print in Prescott Woman Magazine, realtor.com, zillow.com, trulia.com, tourfactory.com, homesandland.com, listhub.com, point2.com, Instagram, Pinterest, Facebook, and the multiple listing services (MLS) in both Prescott and Phoenix.

When it comes to people marketing their home on their own, or with us, there is no comparison. We want your home to be exposed and viewable in as many places as possible to ensure we find a buyer, and we do everything we can to do that because we want to help you!

  • Lastly, one of the main reasons to use a real estate agent over listing your home as FSBO is the paperwork. Unless you have a background in contracts or law, this part of the transaction tends to get tricky. While every transaction has a contract, there can also be counter offers, the HOA Addendum, Lead Based Paint Disclosure, Seller Disclosures, any Addendums to change contract terms, Solar Lease Addendum, Buyer Contingency Addendum, Additional Clause Addendum, and more. Every transaction is different and you never know what you might need, but you will want to make sure that you are covered legally on every aspect of selling your home. If you use an agent, they will take care of everything for you, explain everything to you, and all you have to do is sign when you’re ready. This will help you avoid any liability and makes sure you will not open yourself up to any future lawsuits.

At the Kathleen Yamauchi Group, we seek to do all of the above for you and more! We want to make your real estate transaction as easy, stress-free, and painless as possible. We put your needs first, seek your best interest, and strive to remain a level of professionalism above reproach. With over fifty years of collective real estate experience, hearts that seek to help our client’s dreams come true and to continually improve ourselves, and a kindness and character that far outweigh the rest, you will not be disappointed with us.

If you’re interested in selling your home or looking to buy, check out our website at kathleeny.com, or give us a call at 928-771-1111. You could even stop by our office at 600 E. Gurley St, Suite A. We are open Mon-Sat from 9AM-5PM and Sunday from 11AM-3PM. We would love to talk to you, get to know you, and see how we can help you with your next real estate adventure!

 

 

 

The Slowing Market and Warning Against Overpricing Your Home

For the past few years now, the housing market has been at the top of its game! Prices continually rose without fail, homes lasted only a few days on the market and had multiple competing offers, and the market began to come back to its former glory of the pre-crash market with how well it was doing (without the scare of faulty lending habits and the scare of another crash).

At that time, wise sellers saw their opportunity to sell and sell their home for top of the market value, if not more than what it would actually appraise for. With homes going faster than people could keep up, can you really blame them? By the time you saw a newly listed home, it already had three offers on it. That’s how red hot the market had become!

Reviewing the market today, it is still doing well, but has definitely begun to cool down. In an article by marketplace.org, they stated, “Average home prices in the 20 biggest U.S. cities grew at the slowest pace in nearly two years in September, according to new figures from the S&P CoreLogic Case-Shiller Index. Prices are still rising but so are mortgage interest rates, making houses even less affordable, as sales of existing homes continue to decline.”

Gone are the days of homes only lasting a few days on the market before getting an offer – for now at least. Currently, homes are lasting a month, 2 months, 3 months, and so on. When taking on new sellers who are still looking to “strike it big” by listing their homes with an ambitious sales price, this slowing down of the market is something to keep in mind and something to inform them of.

One realtor in the same article mentioned above said that he comes prepared to inform prospective sellers of this new market. He goes to appointments ready with data showing how homes have been staying on the market for longer now and even shows them news stories about the slowing of the market. This is to help his sellers be more realistic about what price they are willing to list their home at and to ensure it doesn’t get listed too high. If the home is listed too high, it will sit on the market for longer and become harder to sell. If the home is listed at a more reasonable price, it will help it sell more quickly and easily.

If sellers are having this conversation with their real estate agent, it is best to keep in mind that their agent only has their best interest in mind. Remember, realtors work on commission, which is how you really know they are truly thinking of what is best for you – when they are encouraging you to not go too high on sales price.

We here at the Kathleen Yamauchi Group as well as realtors everywhere, adhere to a code of ethics in which we pledge to do what is best for our clients. We will work hard for you and to the best of our abilities to ensure you have as smooth of a transaction as possible!

So, those of you out there thinking of selling your home, keep this slowing market in mind. If you’re in the Prescott area, give us a call, we’d love to talk to you more about this and do a comparative market analysis on your home.

Forbes Magazine’s Take on the Rising Housing Market

With home prices rising every year, a question on many people’s minds has been, “Are we headed for another housing market crash?” For anyone who was affected by the last crash, or nearly escaped its clutches, this is a very real concern and question to be asking when we see prices rising the way they are.

However, while from the outside looking in it may appear as though things are escalating in a very similar fashion as they did ten years ago, when you look at the numbers and statistics comparatively, they are a lot different. The overall housing market is actually in a much better state than it has been in awhile and it is far better than it was when the crash occurred last time.

Recently we came across an article in Forbes magazine that will help explain the current housing situation further and perhaps ease some of the concerns we’ve all been having with this rising housing market.

Click here to read the article on forbes.com titled “Mortgage Debt Nears A Pre-Crash High, But That’s No Cause For Concern.”