Property appreciation is a powerful force in Prescott that people sometimes forget about… until it starts working against them. Join us in this episode for a better appreciation of appreciation, as we explore some of the dynamics of home values you may have missed.
Video Transcript she wants them she wants to drink something out of the pickle cup hello hello hello peeps hello beeps we are here enjoying this great day on our deck up here with our pups with our young pup yes this is violet it’s frankie frankie’s making a shot it’s frankie might not make it but anyway we’re here enjoying the lovely day in the after in the afternoon here on our porch upstairs deck and we were thinking to ourselves wow you know we got this house at a great price right when things were changing and uh the appreciation here has been phenomenal yeah it’s been amazing uh i’m not even sure i could get it now yeah yeah that’s how much it’s gone up since we moved here yeah we’re in prescott prescott lakes presa lakes subdivision is by far the largest in the area and it gets appreciation pretty consistent consistencies consistently since i like 2012 something like that uh between uh eight and ten percent uh appreciation a year a year each year which is one year which is phenomenal yeah so if you’re looking to buy a home and and say will this be a good investment now’s the time because the price is just they’re going up it is really appreciating people yeah it is you know people will come in and they’ll take a look at a house that’s selling for let’s say that you know 700 000 dollars and they’ll say well wait a minute you know the the the seller paid 500 yes only four years ago welcome to 10 appreciation it’s real folks you know i just do the arithmetic if you take 10 or 500 that’s 50 000 a year times four yeah 700 yeah my math teacher would kill me because that’s really not the way you calculate interest if you’re not a geek if you you know you have social skills you can calculate it that way but uh you know just very roughly uh you look at the numbers that way and they’ll give you give you an idea and people are surprised they’re glad to get the appreciation when they own the home uh but they forget you know appreciation works for the other side too so don’t wait too long because you might outprice yourself yeah absolutely on certain homes that you may fall in love with so if you’re thinking i’ll wait a year or two and see what’s going to happen you might you might lose out you might lose out you might lose that particular yeah our buyers from california need to be really careful too because a big part of the reason that uh california is in in large part driving the prescott market and we call it the california arbitrage so you sell your home in california and you come to prescott you buy a home that’s as good or better and you bank like 50 of the cost of the home well if you’re in areas of california and there are still many where the homes are appreciation appreciating very rapidly well that’s fine your home’s appreciating and so are the homes here but some of the areas of california the appreciation is begin to slow down yep if that’s the case you’re going to lose your arbitration you know you’re going to use that extra bank that extra bank that you wanted to put into savings or for your retirement yeah so don’t wait too long don’t wait too long it’s a good time a good time to move we still have some great deals great deals yeah great deals and people for the most part coming in from places like california are amazed at what their money can buy oh yeah still a good investment still a good investment still gonna see some appreciation yeah so anyway we just want to kind of talk about that yeah we’re kind of excited about where we live now we really have never lived any place right great violet yeah yes violet says yes violence yeah where we had some nice appreciation yeah we appreciate appreciation we appreciate you appreciative thing yeah it hasn’t happened to us too often yeah that’s right in other areas where we live texas louisiana so for this we totally embrace it we are psyched yeah we are psyched and so was fighting yeah a beautiful home like this could also be a good investment that’s wonderful it’s a it’s a very nice win-win yeah absolutely so anyway if you’re thinking about it don’t think too long yeah now is the time to strike good time to act very low uh interest rates yes you can lock those in this is a really really good time to make your play don’t be afraid you’ll be okay that’s right all right so if you need any more information violet yeah she’s a little uncomfortable yeah go to pickle411.com for more information whether you’re a buyer or seller got lots of good stuff there uh relocation center oh my word storm’s a brewing anyway give us a call check us out again at pickle411.com we also have a prescott relocation center and for those of you who are thinking about listing call the pickle lady brigade oh yeah we are ready to list we’ll get the job done yeah if you’re seeing our videos that we send out to buyers then you know we’re bringing buyers in all the time oh yeah we can find buyers for it let’s replace the list all right well that is all for today say bye bye all right guys i hope to hear from you soon take care and have a great rest of your day bye
