Category: Subdivisions

Real estate runs on paperwork, and if you've bought or sold any recently, you may have been struck by just how much there is.  Well, the Prescott real estate association (PAAR), keepers of the local MLS, have just come down with new rules that could lead to fines if some of that paperwork isn't completed quickly enough.  Find out about these latest gotchas and what we think about them in this episode.

hello top of the morning to you good morning folks this is diana randall bro here prescott lady and sidekick respectively that’s right we are your husband and wife duo here in prescott arizona happy to bring you here show you around hopefully you’ll stay we’ve made so many great friends from clients it’s just been um that’s part of the happy part of our time it’s a great time guys yeah and there’s a reason why people come here it’s a great time so today we wanted to talk about some new things that are coming up in real estate yeah lots of rule changes lots of little changes yeah this is actually this is something that should have been done a while ago so i was glad to see this come down uh so the new rule from the local association is that you cannot go live so you’re selling a home your home cannot go live on mls until you have uh if you need disclosures for an hoa or lead-based pain so lead-based pain is anything before 1978. that’s right home was built before 1978 you’re going to need a lead-based pain disclosure so you’ll know that right away uh if you’re in an hoa you will need an hoa disclosure this is paperwork uh in particular the hoa it could be a pain yeah someone more complicated yes some can be complicated uh it has to be done and posted as part of the mls record before your home goes live in mls let me tell you why that makes sense from a buyer perspective so we have buyers that that come in they like a home we know there’s an hoa and we want to make an offer part of that offer is who pays the hoa the transfer fees basically um if we don’t have a disclosure then we can’t really make the offer yeah yeah so what that does is yeah so essentially that’s the listing agent making the buyer agent call the hoa to find out what’s going on and that’s not the buyer agent’s job that’s the listing agent’s job yeah so uh buyer agents have gotten smart and what they do is they send an offer that anything that’s undisclosed you have to pay and sellers didn’t like that sellers aren’t happy with that they’re like wait a minute i so we’ve been why am i paying that things have been getting sort of better we’ve been seeing more compliance there well now if you go live and you do not have an hoa disclosure or a lead based disclosure if you need that uh the listing agent will be fined like just straight up so uh that’s good because listing it that’s part of the listing agent’s job it’s a little bit of homework it’s a little bit of homework part of the negotiation uh in particular in hoa areas where those fees can be substantial um so it’s something that needs to be done and now now you have to do it yeah it’s fair and you should not expect a buyer or the buyer’s agent to have to figure that out and sometimes the seller you know maybe they’ve lived there 20 years like jeez i don’t even remember do i have to pay a transfer fee yeah i think there is a transfer fee like if you live in prescott lakes there is a transfer stream um all sellers have to pay a disclosure fee regardless period end of sentence yeah we all know that but there’s some transfer fees if you’re in an hoa some don’t have it some do and you should also disclose what your ho your quarterly hoa is is it monthly is it annual is it quarterly and there’s always something to know that yeah that’s an important part of their yeah decision they’re like you know i have so much of a budget for my house note how much is my uh hoa going to be because if it’s too much i might have to reconsider and go to a different area all important stuff if you were out there and you’re the buyer and so anyway we’re kind of excited that our local listing service is putting that into effect yes um because sometimes my buyers are here for a short time they want to write that offer up and the hoa is not open until monday yeah if they’re here in a weekend so we can’t give them the answer yes some of the the transfer fees involved are negotiated how are you going to negotiate if you don’t know what they are exactly so uh it this is the was the right thing to do we supported 100 yes and we’re excited yeah we’re excited in our listings we’ve always done this because it’s the it’s the way to do it right if you’re working with buyers you know that uh and and we work with both so uh we’ve kind of always done that we’re glad to see it one thing i will point out if you are a seller this is yet one more thing that has to be done before your home can go live uh generally it’s it from the time you sell a listing agreement until your home is hitting on all cylinders it’s on mls and agents out there are seeing it one or two weeks uh you know the more that the listing agent has to do the longer that takes yep so uh that’s true understand now that uh this is yet one more thing that has to happen and it’s important so we wanted to explain why it’s important and and why uh the rule makes sense so uh yeah good job we’ll be a little more a little more patient as a seller because there are a bunch of things that have to happen absolutely so that is our little tidbit of the day we hope that this helps explain some of the process yeah right absolutely right thank you for listening and give us a call at 713-302-1964 if you need any kind of help or have questions we’re happy to try to answer and help you out we also have uh information site you can find that at pickle411.com whether you are a buyer seller somewhere in between lots of information about prescott the prescott real estate market local restaurants things to do uh things to do with your dog i mean [Music] we just have a lot of fun sharing our wealth of information every time we come across a nugget we put it on that’s right we actually make a list people let’s lose and uh over a month we might have eight topics and we will sit down and film all eight topics one nugget at a time yeah pop in our little brains like that’s something to talk about let’s do it our website is where you need to pan for gold it’s where all the nuggets are all those maybe most of them are gold maybe you might find some other nuggets there that’s right

The largest subdivision in Prescott is Prescott Lakes, which is also one of the most popular.  In this episode, we cover the dozen or so neighborhoods that make up Prescott Lakes, and we discuss what makes it one of our town's go-to destinations for incoming homebuyers.  (Spoiler Alert: There's a lot to like!)

well good morning good morning peeps this is randall and diane bro she’s thickly i am the pickle lady i’m the pickle i don’t know the pickle sidekick pickles he’s yeah he’s picking a sidekick correct he’s like a little gherkin i’m the pig i could say something else i’m not going to go down that that line it does make me giggle though but anyway here to talk about the biggest subdivision in olive prescott and very popular yes yes and we listen here what do we do it’s called prescott lake lakes it is a beautiful beautiful master-planned community there are nothing there are no ladies not in prescott lakes they’re the latest ones outside yeah people will say well you know i’d like i like the idea of this prescott lakes find me a house that is no um there are some golf traps there are some some water traps um but basically it’s called prescott lakes because it’s between uh borders watson lake and willow lake and both are really reservoirs they’re not really true lakes plastic reservoirs does not sound as nice correct so it’s kind of uh those are uh on the outside on the outskirts of prescott lakes yeah so we came here uh and we checked it out and we fell in love and it’s it’s a really cool concept it has about what 12 or 13 different neighborhoods yeah neighborhoods throughout so it’s not like um some communities where you go in and you most of the houses look the same and they’re cookie cutter and jim jim jim and they’re just pop pop pop pop pop street after street after street even if they’re custom homes they still all have kind of the same look yes uh you know the prescott prescott lakes is not that way well first of all back up a little bit people use the term subdivision in neighborhoods sort of interchangeably which you could do here if it weren’t for prescott lakes because in prison lakes the neighborhood is a subdivision of the subdivision it’s like a smaller little yes so there are about 1200 um homes 1300 homes and prescott lakes and uh the smallest neighborhood probably has something like uh 15 or 20 homes i think this one actually smaller than that and uh the bigger ones have maybe you know 50 or 75 homes and they’re all price ranges in prescott lakes they have everything they have some apartments they have condos they have beautiful town homes um and then they have all price ranges so uh you know in homes you can go anywhere from the high fours all the way to the millions and they’re all in different subdivisions there’s different neighborhoods so for instance and some are gated here in prescott lakes and some are not some are not that’s right um some are single levels smaller homes just all single level two beds some are multi-level and four thousand five thousand square feet some have you know upstairs downstairs some are built into the terrain some have flat lots it’s a really interesting area but what drives people here and they all love it is that uh we have this amazing golf course you’re not required to join golf so if you’re not a golfer you don’t have to pay for that but you get to enjoy the beauty of it it has a private restaurant at private exercise club clubs within the club uh so if you uh you can join the women’s club the bridge club the mahjong club the hiking club you name it there’s something here for everyone so if you are from out of town which a lot of people are they’re attracted to that and they’ve heard about prescott lakes because it’s a good place to move in and meet people right away who are in the same boat as you yeah nobody’s from here most of them are from out of town they don’t have family and it’s nice to quickly meet people it really is and no matter what neighborhood you’re in no matter what house town house condo you’re in everyone belongs to the same club and everyone belongs to the club so you know if you meet a neighbor and you say let’s meet at the club yep they’ll meet you at the club because they’re members of the same club that you are they’re like sure i’ll meet you over there and you can say or you know hey let’s go to that aqua size club exercise class that they’re having today do you want to go with me sure let’s go to the indoor pool because we have an indoor pool we have an outdoor pool yeah so do you play pickleball this is the place for you yeah at least six pickleball courts i think or something like that huge huge from beginners to you know um advanced they’re here yeah and so we love prescott lakes it’s been lovely uh it’s centrally located eight minutes to the square you’re close to grocery stores doctors i mean you cannot ask for a better location right in the heart of prescott proper and um so you can do as much or as little as you want with the social at the club we do a lot of socializing yeah we do we don’t do a lot of we have a lot of fun not a lot of working out how we do socialize but we do socialize and they make great cocktails good filled they give you a good a good pour yeah really good pour great great martinis great martinis yeah lots of good martini dinners yeah absolutely yeah so if you are investigating prescott lakes and you don’t understand i don’t get it that’s why it has prescott lakes is one giant umbrella and under that umbrella are many different assorted neighborhoods uh are each one has their own hoa as well yeah that’s right so people get confused they talk about the subdivisions say of astoria well astoria is one of the neighborhoods within the subdivision of prescott yes and yeah their homes have a very different look you might go down the street to another neighborhood and they have a totally different look you go down into the estates which are the bigger fancier homes and each one of those is a little more custom and a little different in uh in appearance so it’s it’s pretty interesting because it’s interesting that’s interesting you’re never going to be like every house looks the same in this entire community it’s uh it’s very unique and some have more trees than others some are more uh mature than others so it’s um so at this point you can find something for sure at this point by far the biggest subdivision we have in prescott and a very successful formula it’s a very small form you know people get plugged and played into the social scene uh i i think it’s it works pretty well here so a lot of people and we love it when we came here when we came to prescott i wanted land i wanted um i didn’t want to have a neighbor close by i could care less about a golf course or being in a gated community and uh when i found my home that was it i was like all of that went by the wayside and it was worth it to me uh to come here i was like this is it i love this house and i love the feel of this so never write it off uh you know keep an open mind keep an open mind because you may follow your mind open up to the possibility that you may not know offhand exactly what you’re looking for yeah but now that we’re here and we’re doing it it worked really well for us not in the least what we started out looking for not at all and we’ve met the nicest people and good good friends and uh we do hit the social life a lot with those people and we have some martinis yeah it’s good times good times all right so that’s our uh that’s our bid for today uh prescott lakes and subdivisions and neighborhoods and all that yes uh if you want more information about prescott lakes we’ve got membership information golf information all that stuff we also have the same thing for a number of other subdivisions in the area uh and we have information about pretty much anything you can think of when it comes to basket whether it’s real estate or just living here restaurants place to go is pickle411.com that is our information hotline thank you thank you good job good plug and then you know if you’re interested in prescott lakes give us a call we really are the authority on prescott lakes we live here we’ve sold many many many homes here um and i’d love to show you around absolutely we’ll take a tour you’ll fall in love too hopefully anyway we like it all right cheers to you you have to like us she’s you know you still live here that’s right it’s not required it’s not required okay have a great day thanks for listening bye