Spring is on the horizon and outdoor adventures are abundant in Prescott!

Horse Back Riding“Everybody’s Home”, Prescott Arizona offers over 400 miles of hiking, mountain biking and horse trails. With the onset of spring what better way to shake off old man winter and usher in spring with an outdoor adventure.

Nestled in the Prescott National Forest, Prescott also boasts a classic downtown complete with a historic setting that includes Victorian homes and an entire block dedicated to the old frontier known as Whiskey Row.

With over 700 homes and businesses listed in the National Register of Historic Places and the beauty of the Prescott National forest we’re sure there is an adventure waiting to satisfy anyone.

Prescott has a four-season climate which includes an annual snowfall of 24 inches and rainfall of 19 inches what’s not to love!

Prescott also has an abundance of beautiful homes for sale so that you can experience all that the area offers anytime! From historic homes from the turn of the century to modern architectural marvels tucked into a beautiful mountainside, you will find the home of your dreams in Prescott.

Many homes have views of our scenic mountains including Granite Mountain, Thumb Butte, and the Bradshaw and Mingus Mountain ranges. If you would you prefer living downtown near the famous Whiskey Row and Courthouse Square or can find great homes in walking distance from these historic landmarks. Perhaps a secluded cabin tucked away in one of the many forested sub-divisions in the area is more your style, you can also find in beautiful Prescott.

One thing we know for sure is that wherever you choose to live, you’ll be close to the many natural wonders in the area from National Forest lands to one of the many lakes in the area that you can enjoy year round. Prescott is truly a beautiful place to live!

Would you like to experience Prescott Arizona full-time, is so click here to contact the Kathleen Yamauchi Group to learn more today!
 

Full Service Boutique Real Estate Services in Prescott

Boutique Real Estate ServicesOne of the many tools we use at The Kathleen Yamauchi Group in order to provide our clients unsurpassed real estate services is Realtors Property Resource ® (RPR™) online tool. RPR™ provides us with a collection of public records information and it integrates with our local MLS (Multiple Listing Service) to increase the amount of instant data at our finger tips.

RPR provides us with information on every parcel of property in Prescott such as market trend data and client-friendly reports. Combined with our dynamic and creative team of highly skilled Real Estate Professionals, we provide our clients with boutique real estate services and results that you will not get from a single real estate agent, or simple real estate partnership.

Our in-house marketing team utilizes the very latest real estate advertising technology for sellers, and because we employ the services of a professional real estate photographer, your property listing will stand out from the rest as we craft and position the message of your property above all of the other noise in this market.

Working with one of our buyer representatives will prove to be the best decision you have ever made. They work exclusively with you to find the right property at the right price in Prescott, AZ. Whether you are looking for your next home, commercial real estate, or vacant land, our buyer representatives are committed to help you find that special property that suits your specific needs.

Whether you are buying or selling a million dollar property, or your first starter home, we have one common goal: We will make your real estate transaction a smooth and pleasant experience.

If you would like to learn more in depth information about our full service boutique real estate services, click here to contact us. Your goals and needs are our first and only priorities.
 

Tax Time is here, are you ready to be a First Time Homebuyer?

Just imagine for a moment for the first time in your life actually owning  a beautiful home with a spectacular view. Tax time is here and why not take that much anticipated tax return and invest it in being a first time home buyer in Prescott. With interest rates still at historical rates and rent continues to rise nationally it’s making it more affordable to buy versus rent.

There are many popular neighborhoods in Prescott with a wide range of prices to satisfy any budget. From Hassayampa, American Ranch, Rancho Diamante and High Valley Ranch your destination home is closer than you think.

Prescott offers a vibrant downtown historical area known as Whiskey Row and has over 400 miles of hiking, mountain biking and equestrian trails offering something for everyone.

With many historic homes from the turn of the century and modern architectural marvels tucked into a beautiful mountainside, your first time home buying experience can be made simple with an professional, experienced and knowledgeable real estate company representing you.

When choosing a Real Estate agent do your homework

  • Ask for recent clients and contact them to hear about their experience with the realtor
     
  • Check out their licensing with the state of Arizona’s regulatory body
     
  • Get recommendations from your friends
     
  • Select an agent that possesses credentials that match your real estate needs
     
  • Check on their business history
     
  • Review their current listings

We wish you the joy that comes with owning a home and a hassle-free first time home buying experience. Before you get started and if you would like to learn more about first time home buying in Prescott, click here to contact us at the Kathleen Yamauchi Group today.
 

 

Thinking of Retiring in Prescott Arizona, 2016 may be your year!

Prescott Arizona continues to be increasingly popular as a living destination. With an elevation of 5,400 feet and a four-season climate which includes an annual snowfall of 24 inches and rainfall of 19 inches what’s not to love.

If you are contemplating on moving forward with that life change you’ve been dreaming about for years you may want to consider making the move in 2016 as the real estate market has rebounded tremendously since the downturn in 2007.

According the Prescott Area Association of Realtors (PAAR), in 2015 there was more than one billion dollars in total real estate sales which by the way hasn’t happened since 2006. Proof that the demand for real estate in Prescott remains high. Even with its popularity the Prescott area continues to offer a good value. According the PAAR’s MLS (multiple listing service) 84 percent of the real estate sales last year were properties selling for $300,000 or less.

With a downtown culture that you can enjoy year-round, hiking, golfing or simply relaxing, Prescott has something for everyone. Many homes in Prescott have views of scenic mountains that include Granite Mountain, Thumb Butte, and the Bradshaw and Mingus Mountain ranges. Would you prefer living downtown near the famous Whiskey Row and Courthouse Square? You can find great homes in walking distance from these historic landmarks.

Looking for something a little more subdued, how about a secluded cabin tucked away in one of the many forested sub-divisions in the area.

Wherever you choose to live, you’ll be close to the many natural wonders in the area from National Forest lands to one of the many lakes in the area. Prescott is truly a beautiful place to live!

If you would like to learn more about Prescott or perhaps you are ready to make the leap and call Prescott your home, contact the Kathleen Yamauchi Real Estate group to learn more abou the Prescott AZ real estate market outlook.
 

Popular neighborhoods in Prescott AZ

Prescott Arizona is rich with historic heritage as well as beautiful neighborhoods to call home. Located 96 miles northwest of Phoenix in the Bradshaw Mountains and at an elevation of 5,400 feet it is an ideal place to live. The weather here is generally mild, with a four-season climate, annual snowfall of 24 inches, and annual rainfall of 19 inches.

Popular neighborhoods in Prescott include Hassayampa, American Ranch, Rancho Diamante and High Valley Ranch.

Hassayampa

Hassayampa is located minutes southwest of Prescott. A private, gated golf community it is situated in prime real estate that includes forested hills that overlook both Prescott and distant mountain ridges. A location that offers both a beautiful forest and creek side settings.

American Ranch

American Ranch is one of the most desirable areas in Prescott. Nestled at the base of towering Granite Mountain off of Williamson Valley Road and adjacent to over 10,000 acres of Prescott National Forest, this gated Arizona community offers private bouldered home sites as well as level horse property.

Rancho Diamante

Rancho Diamante in Spanish means “Diamond.” Surrounded by 1.25 million acres of the Prescott National Forest, spectacular views and abundant water it has some of the best horseback riding trails in the area.

High Valley Ranch

High Valley Ranch is situated in the pristine pine forests and meadows of northern Arizona. Five minutes from town yet deep in the forest, the gated real estate home community of High Valley Ranch is the high end jewel of Prescott.

From historic homes from the turn of the century to modern architectural marvels tucked into a beautiful mountainside, you will find the home of your dreams in Prescott.

At Kathleen Yamauchi Group we have a great deal of knowledge about the Prescott area and are proud to offer a full-service, boutique real estate service, comprised of highly experienced real estate professionals.

If you would like to learn more about what Prescott Arizona has to offer, contact us today!
 

Selling Your Prescott Home? Reap The Benefits of Home Renovations

When selling your home quickly and at the highest possible value renovations can help sell your home expeditiously. Jump start your imagination and get started today.

Remodel your Kitchen and bath

Remodeling your kitchen or bath adds the most value to your home. Adding fresh paint, water saving features on faucets and shower heads and energy efficient lighting you can transform a room into an inviting space worth investing in.

Curb appeal

What would potential buyers say about your curb appeal? Would they stop and tour your home or would they just keep on driving? As they say first impressions are everlasting and that applies to many facets in our lives including our home. Investing in landscaping and the exterior of you home promotes the pride and lures a potential buyer to a well maintained home. In particular desert landscaping that requires very little water to maintain is appealing to Prescott home buyers.

These simple renovations can not only help you sell your home, they can help usher a new and exciting chapter in your life.

Home staging

The goal of Home staging is to present an appealing and welcoming feeling to potential buyers in your home. All personal items should be removed as you want to create an environment that allows the potential buyer to envision themselves living in the home. Add a flower arrangement and fresh baked cookies to awaken the senses and you will add a dramatic affect for a small investment.

The Right Prescott Realtor

Although selling your house can present challenges, make sure to invest time in choosing a Prescott Real Estate professional to represent you and your home. Many Realtors have found creative ways to make you feel like they are marketing your home, but are they really? Find out what their marketing plan actually consists of and what can you expect in the way of advertising and Web presence. Take a moment and look at their website as if you were a buyer. Is it easy to navigate? Do the listings show well? Would you feel confident in your home being listed on their site?

 

Buying or selling your home in Prescott Arizona in 2016

2016 has arrived and if you are planning on buying or selling your home in Prescott Arizona, the stars are aligning in your favor.

With an abundance of beautiful homes for sale that include historic homes from the turn of the century to modern architectural marvels tucked into a beautiful mountainside,  this could be your year as interest rates and tax benefits are still in your favor.

Interest rates remain historically low

Even though the feds recently increased the interest rate, they remain at historic lows and the savings in interest over the life of a mortgage could be reason enough to move forward to buy or sell in 2016.

Tax benefits

The tax laws continue to favor homeowners. Along with the benefit of buying the home of your dreams, you can also reap a savings in mortgage tax deduction benefits.

TRID brings in new changes to the real estate market

With the introduction of TRID, a result of the Dodd- Frank act you may be in line to benefit from some of the changes to traditional mortgages. TRID is a combination of TILA and RESPA and includes looser credit terms as it now requires a down payment of just 3.5%. TRID is an acronym of four mortgage acronyms, Truth in Lending Act (TILA), Real Estate Settlement Procedures Act (RESPA), Integrated and Disclosure.
 

Now is the time to invest in your dreams

With the cost to rent a home rising and showing no end anytime soon, why not invest your money in the home of your dreams and start saving with the mortgage tax deduction benefits. Put first time buying at the top of your list this year!

2016, a new blank page, a time to move forward with your dreams and to honor those resolutions. We Wish you a prosperous 2016 and remember regardless of where you choose to live in Prescott, you always have access to the many natural wonders in the area from National Forest lands to one of the many lakes in the area. Prescott is truly a beautiful place to live with four mild seasons you can enjoy while hiking, biking or simply relaxing.

Prescott Arizona, “Everyone’s Hometown.”
 

 

Some Winterizing Tips for Prescott Homes

It is important that you take measures to ensure that your heating and cooling bills are as low as possible. These winterizing tips for Prescott homes will assist you in reducing your consumption levels during the cooler times of year:

Change Furnace Filters

When you notice signs that the temperature will be dropping soon, place a brand new filter in your furnace. Do so once each month until you know that your seasonal use is complete. When you place the first filter of the season, mark your digital calendar at monthly intervals throughout the cold season.

Locate and Repair Drafts

While windows and doors are the most obvious places for drafts to occur, switch-plates, dampers and hatches are all possible culprits. You may already know where some are, and you can do a visual inspection of the various entryways into your home, such as where your phone and cable lines enter. If you do not want to hire a professional, but want a more accurate assessment of your air flow problems, do the following:

  • On a highly windy day, turn off all of your gas appliances, including the pilot lights and ensure that your fireplace is extinguished.
     
  • Close all openings to the outside, including your flue, and turn on all of the exhaust fans that go from your home.
     
  • Use a wet hand, or an incense, to move over the areas with potential leaks.

Unocuppied Homes

Make sure that the thermostats on unocuppied homes are set no lower than 55 degrees to prevent broken pipes.

Exterior Faucets

Drain as much water as possible and remove hoses or connections from the spigot. Next inspect for any leaks and repair if necessary. Lastly you may want to install a hose bib cover for each outlet, they are simple to install and an inexpensive way to help protect your exterior faucets.

 

 

 

New Lending Trends in Buying Real Estate

When it comes to new lending trends in real estate, it is very important to take into account the laws which govern traditional mortgages and similar loans.

What is TRID?

TRID is an acronym of four mortgage acronyms which is a result of the Dodd-Frank Act. TRID stands for the following;

  • Truth in Lending Act (TILA)
  • Real Estate Settlement Procedures Act (RESPA)
  • Integrated
  • Disclosure

Essentially, TRID is a combination of TILA and RESPA and the result is primarily designed to eliminate the one day notice that often came at the end of the day right before closing. This often meant that the buyer had very little time to read and figure out what was on the page. The Dodd-Frank Act hopes to avoid the conditions that caused the housing collapse and mortgage crisis of 2008 with TRID by helping to better inform buyers about the costs and risks of purchasing a home.

TRID now requires a three business day notice instead of one day which allows buyers to have the time to fully read the contract. However, there are exceptions to this rule in that it can be voluntarily waved although that is not recommended. Plus, it only applies to lenders who only make 5 or more loans each year and it does not apply to reverse mortgages, HELOCs, and mobile homes or residences not affixed to real property.

New Lending Trends in Real Estate Market

For the most part, TRID affects investors who flip properties as traditionally such sales happen very quickly. The tricky part is that any change to the loan terms re-starts the three business day clock which may throw off the timing of the deal.

Amend/Extend: If the closing should become delayed due to TRID, one trend is to write up an Amend/Extend to change the date of the closing. While this might take a few days, it tends to keep the deal in place. During this time, it is important that the new buyer does not occupy the home until the deal is closed.

Looser Credit: There is a new lending program from Fannie Mae and Freddie Mac that requires a down payment of just 3.5%. While there is some risk to this type of loan, many borrowers are jumping on the low rates thanks to the recent reduction of mortgage insurance costs. This means that first time buyers are now more likely to qualify for a loan.

Smaller Homes: There is a big run on properties that are about 10% smaller than a decade or so ago. This means that buyers are looking to shrink their carbon footprint and buy more energy efficient homes for their needs.

Overall, the housing market has arguably recovered from the crisis in 2008. However, with new regulations in place such as TRID, it does make it a little harder for investors to flip homes quickly. For the average consumer, smaller homes and lower down payments is the current trend that is dominating the real estate market at least for the time being.
 

To learn more about TRID contact our highly experienced real estate professionals today!