What can you buy in the $600,000s?
This home sold for $615,000.
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Category: Seller’s Corner
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Our Seller’s Corner provides the latest news, market analysis, and selling tips, tricks and pitfalls for homeowners in the Prescott Area.
A Stinky Subject
We all have smells that we like and dislike. Trouble is, not everyone agrees on which scents are best. Watch this episode to find out how scent can sell your home -- or prevent it from selling.Video Transcript
hello hello peeps how are you today I hope you’re good we hope you’re good yeah here with the pickle lady my name is Randall I’m her sidekick and this is Diane bro we are coming to you live from Prescott Arizona in Arizona we are um I I have little real estate team here in our lovely town at least in the top three I hope we sure try let me try we sure drawing you today talk about smell smells p u p u y karumi p u is a is a very ancient term if you know that poo you know it’s one of the very first words I guess I’m gonna find out yeah yeah it’s like a very ancient word poo okay all right so the with regard to real estate that smells what we we show a lot of houses and sometimes you go in houses and things don’t smell right people may have a lot of pets I mean we’re guilty of this we have dogs so I understand dogs um pets maybe you have kids maybe you have you cook with a lot of heavy seasoning yeah garlic or Curry or even fish or yeah yeah we cook Cajun Styles so sometimes it’s a heavy smell in the house and after a while you stop smelling it like you’re used to that smell but you put your home on the market and people who don’t live there come in and guess what happens yeah they’re like they’re hit they walk into the smell and they’re like I don’t it sometimes it’s just a bad memory for them oh I hate Seafood I hate this I hate that this oh you know and it turns them off Forever on your house 100 um that along with paint color choices we go over that a million times yeah and it’s an easy thing to fix easy thing to fix now listen you may be thinking oh you know I have a dog have a daughter doesn’t snow that bad it does we would like well it could it does you shouldn’t yeah you should get an objective opinion have somebody come over and get tell me honestly can you smell the dog the thing is though if you have a smell that doesn’t hit you on top of the head it will still make a negative impression yes it may even just be subconscious to the buyer yeah there’s something about this house I just don’t I can’t put my finger on it so my favorite thing is I’m a huge sentaholic he knows he hates it I I’m a big fan of plug-ins I’ve got all kinds of candles I’ve got room diffusers I can’t get enough of it I got sprays no problem with any of those things what’s the thing what’s the thing I don’t like I don’t like when she puts the plug-ins up to the maximum set all right well we’re gonna have a fight I don’t put it on the maximum she doesn’t anymore she used to he had he think he’s just very he has sensitive olfactory yes I do it’s ridiculous it’s what it is listen don’t if you’re gonna get sense whether it’s a candle or Plug-In or whatever don’t crank it so high that that becomes the smell that turns people that’s true because then people think what are they trying to hide yeah people think is there mildew in here that they’re trying to disguise so my favorite sense that I put it in all houses that I get ready to list is lavender or vanilla yeah it’s simple it’s easy people have a good feeling with that it makes them feel good and it’s not too heavily scented any kind of florals is usually bad tomorrow’s bad we must start frankincense yes we love Patchouli oh Patchouli is good too but the thing about those is some people find like Patchouli has kind of a gamey thing and same thing with frankincense a little too much it might be a little a little off the beaten path for some people so pick something and just be mainstream two yeah you know two plug-ins yeah yeah but just just a few will be enough and put it you know in the middle or kind of on the low side over particularly if you’re not living in the home yes uh the smell will build over time so you can sail in there if someone’s not living and they’re not running the AC the air gets still so when people come in that’s a first impression does it smell nice and clean and a good you know vanilla lavender don’t do any heavy heavy florals roses roses yeah have sometimes a negative reaction to that but anyway that’s our small little tip um that’s my favorite sense um I put them all throughout the house yeah and it just um it’s also kind of lavender’s calming so you want your buyers coming in to be calm relaxed and enjoy the process so uh just a little tidbit be careful with the smells if you’re gonna have a showing the next day don’t cook liver and onions you know don’t cook cabbage don’t cook seafood if you know you’re gonna have like two back-to-back appointments the next day yeah yeah it won’t go over well that’s that’s the stuff I like I like to eat stinky things though yeah and that’s the stuff he builds I’m like oh my God it smells like a garbage can in here so a little a little pointer for you when you’re getting ready to go live get those air fresheners plug-ins ready to go get lavender vanilla whatever get something nice and calming a calm scent yeah and don’t do any heavy duty cooking the day before showing yeah it’ll help you believe me in the long run absolutely all right another seller tip there you go if you want more tips the place to get it is pickle411.com that is our free information site whether you are buy or seller somewhere in between there’s information that is there free Astound Amaze entertain and destroy you I don’t know I don’t know if I just worth it yeah it’s all free people yeah it’s all free yeah we don’t get anything for this we don’t get anything no I’m waiting to get picked up by HGTV that’s right we’re open yeah yeah we’re holding it yeah HGTV yeah right here yeah I think they need to even have our own green screen that’s right we’re ready we’re ready Hollywood yes it was gone all right that is all for today see you soon bye
Prescott by the Numbers – April 2023
Tired of hearing about how real estate is imploding… and the world is ending… and your dog hates you?
Well, how about a big dose of good ol’ fashioned we-are-kicking-ass news about Prescott-area real estate? Take a gander:
Click Here –> Free Access to the Pickle Page
To get the Full Home Value Report,
the Latest Home Comps, and
Top 100 Subdivision Snapshots,
Click Here –> Get Latest Pickle Reports
Fix & Sell
Rather than letting a "flipper" come in and make a quick buck, why not "flip" your own house, and get the most money possible for it? We'll give you the lowdown on which improvements will raise the price of your house the most, how to find the people to do the updates, and most importantly... how to pay for it all.Video Transcript
Blog post on how to buy now, sell later.
hello peeps fellow pickle peeps that’s right Rail and Diane bro here yeah she’s Diane she’s thickly I am the pickle lady as well my pickles have not come in yet I need to be in production yeah and there’s a delay on pickles I don’t know what uh what the run is on that but we’re trying anyway so yeah I’m still the pickle lady I still have plenty in the in storage but I need to make more so anybody has a pickle source for me uh actually give me a call yeah yeah yeah I’m looking for some we’ve been buying uh five gallon pails yeah and uh they’re running out so you’re running out what’s happening anybody’s got a good connection let me know let me get some pickles yeah but we’re here today besides all of that that’s in a size as we say in the business it is yeah I’m here today to talk about fixing cells all right so this is uh for our sellers here in Prescott also our buyers where you’re selling wherever you’re selling your home before you come here uh fix and sell is a great option for you um you know there are these people out here called flippers right so they buy homes and they do stuff and they make money because they sell for more money than they buy and a lot of what they do is fix and sell yep um so in essence fix and sell is about flipping your own house you know you figure out what what can you do to add value to the house that is a multiple of what it’s going to cost you uh so typically the things that really do well uh first of all is always paint oh yeah paint’s always a good one always paint yeah always paint freshen up freshen up if you’ve got scuffs if you’ve got dents if you’ve got a lot of nail holes you know just Spruce it up paint it it also smells good when you read it it makes the house feel new and fresh yes of course stay away from crazy colors stay away from dated colors if your house off dated colors crazy colors faux finishes anything like that yes sponges do yourself a favor paint it paint it uh we’ve told stories in in previous episodes there was a house beautiful home that yeah I thought it really wasn’t that crazy it was like a mint green yes but that did uh that they they did not paint uh up front in the end they discounted the house it probably cost him about 60 Grand they ended up having to paint the house anyway to get it sold so yeah your Aquas your moths your peaches get that out of there because what it screams is 80s and 90s you haven’t done anything to your house in a long time this house has dated yeah so keep that in mind that’s an easy way uh what’s our other thing countertops countertops floors is another good one the lighting there are a number of things that you can do or Landscaping is another really good ones yeah really good impression out front relatively small will end up adding immense value to your home and you’ll come out ahead when you do evaluation on your home generally they’ll give you a range you know you could get anywhere from you know let’s say 450 sometimes it’s 450 to 650 you know it’s a huge rain correct if that’s the case that means that your your home is in a neighborhood where prices vary a lot and that’s because they are in different stages of a Readiness to sell so the ones that really need a lot they’re going to trade on the lower end those that look like new and just been renovated they’re going to go on the high end so try to get it done yeah I mean it helps you in your pocket you know and so what’s a good way to do that yeah well one thing you should know is you may be overwhelmed with that yeah with it a couple things first of all if you don’t have the money to do it um you can get it paid for with a loan that you pay out of your proceeds when you close uh those deals are available they’re very straightforward uh generally they’re tied with people that they will hook you up with who can do the work if you hear in Prescott we can help you find people to do the work uh well worth doing uh you can combine that I think we did an episode on uh by now buy now sell later where you um you go ahead and buy your home and uh and then you sell the home you’re in later and uh it is really a a good thing to do we have another episode I’ll do a I’ll do a link down there uh below this video on that but you can combine the two you know you can vacate the home have the work done yes you know and then sell it all comes out of proceeds and generally you’ll come out ahead because you’ll get a much better price for your home and you will sell much faster that’s the other thing too yeah it will sell much better because we all know trying to be on the market can be torturous yeah at best even in uh really difficult seller times you know it’s a strong buyer’s market uh homes that are well staged and well prepared they still go really fast they still absolutely so you know so try to put your best foot forward show that house to the best of its uh the best that it can possibly be yeah absolutely it’s all about curb appeal and stepping in and people just feel oh I can see myself here I love it this house is lovely it’s cozy and I don’t have to do too much people love that people love that they want to unpack and move right in and start their next chapter yeah so yeah so if you’re interested in the number of uh non-traditional options for sellers if on the other hand you don’t particularly care you know it’s just gonna be more money my kids get when I die uh I don’t feel like being bothered I just want to get out of here we can we can get you a cash deal yes so you know and everywhere in between we can give you options so uh we’d love to talk to you about that so keep that in mind and give us a call if you’d like to be further educated on any of these products that we’re talking about absolutely we’re happy to be of assistance and guide you along with that absolutely all right so today if you’re into tips the place to go 411.com that is our free information site whether you’re a buyer seller somewhere between there’s something there waiting for you that will Astound entertain and put money in your pocket that’s right cases so make it happen Captain all right we look forward to hearing from you have a great rest of your day bye
Who Pays What?
When you're buying or selling a home, there are always any number of ancillary expenses (or "closing costs"), which can be substantial. If you are like a lot of people, you may be a bit fuzzy on who pays what. So in this episode, we cover exactly that: We lay out what are the various expenses associated with a transaction, and who is responsible for paying which items.Video Transcript
Buyer Estimate Example PDF
Seller Estimate Example PDF
good afternoon hello peeps hello hello
hello
this is Diana Randall bro coming to you
here from Prescott Arizona
um we are excited to be here we got a
tip from a fellow uh Watcher slash
listener and I thought you know what
you’re right we should do a segment on
what is the seller’s cost and what are
the buyers costs who’s paying what who’s
paying what when it comes to closing and
escrows and all that who pays what and I
thought yeah brilliant idea yeah I mean
we take it for granted because we do it
all the time because we’re used to it
and of course different states uh do do
it differently than here in Arizona the
most important thing to remember when
you’re buying a home here in Arizona and
we get this a lot is that the seller the
the person listing their home they pay
both sides of the commission yeah so
they pay uh the listing agent side and
they pay the Buyer Agents most of the
time most most of the time the
government has been thinking about
changing that for a while future that
may be different but as of now in the
city of Prescott for the most part
sellers do pay the Realtors commission
correct which is not to say that it’s
free no the uh for the buyer for the
buyer yeah obviously the prices right in
the big checks the buyer’s right I mean
that would be reflected in the price
yeah the whole innocence the buyer is
paying for all that stuff so we’re not
allowed to say that real estate services
are free to the buyer because in effect
the buyers I mean obviously yeah but
your seller will have that reflected in
their price that being said it will not
be part of your settlement statement
yeah like sheets of paper and everything
here so that sheets yeah net sheets so
she’s got the seller’s net and I have
the home estimate for the buyer and we
thought we would compare so I’ll go over
quickly what a seller yeah what is
seller what are their fees yeah so uh
just just for uh to set the stage here
this is a uh imaginary transaction the
home is 500 000 which is a little less
than median here in Prescott these days
uh I have the buyer uh taking out a loan
and putting down twenty percent very
good so you know relatively standard so
of course if you are selling your home
you’re going to pay your own closing
costs you’re going to pay a portion of
that
um you’ll have your taxes will be
prorated yes and any HOA fees if you are
living in an HOA community that will
also be prorated yeah you do have to
bring money for that but in essence it’s
not really a closing expense because you
would have paid it anyway I mean these
things have to be paid uh but they will
do some prepayments for some of it
absolutely so if you are selling your
home you will pay uh title policy you
will pay escrow fee yeah so the title
policy is
22.57 and the buyer also pays uh part of
the
title policy it says here 1160. so some
of the expenses paid by uh by the seller
most of it’s paid by the seller and it
looks like about a third of it is paid
the title policy it’ll be a system of
checks and I mean it’ll be a system of
um credits and and debits and all that
stuff they’ll they’ll balance it all out
so each person will pay some of it some
of them will pay more than others uh
than the buyer yeah we also will have an
escrow fee yes so the escrow fee uh the
buyer and the seller both pay the same
amount and that’s on purpose so that the
you know the escrow company or the title
company and Escrow Company in Arizona do
both sides of the title and the escrow
so they split that so so everybody it’s
Even Stevens it’s between the buyer and
the seller septic inspection insectic
transfer fee if you buy a home with a
septic tank you uh the seller will have
to provide that fee and pay for for the
inspection yeah so the the transfer fees
50 bucks they are times when the buyer
might pay that but for the most part the
seller patients yeah and the seller will
have to arrange to have the tank
inspected in a timely fashion before you
close so but that’s only if you’re
buying a home with septic okay you also
will have an HOA transfer fee which I
talked about earlier if you’re in an HOA
development that really depends on the
HOA sometimes there are other fees the
seller has to pay with if there’s a
disclosure fee almost always a
disclosure fee seller has to pay that oh
most of the other fees are negotiable uh
but they tend to be paid more by the
buyer than the seller if you also buy a
property that has a well a seller will
have to pay the well transfer fee that’s
like thirty dollars yeah but these are
cost if you were a seller and you have
septic and you have an HOA and you have
a well those things are all absorbed by
this seller yeah okay now the buyer is
paying for if there is a well the buyer
pays for the wells well inspections uh
obviously there if you have a home
inspection the buyer pays for the home
inspection in other states that there
are pre-inspections uh those are
relatively unusual here most of the time
the buyer pays for their own inspection
and if there’s a well they pay for a
volume and quality test on the water
right and we always want to do that so
some other fees you have a recording fee
yeah I think we have one uh buyers have
the same recording fee 50 bucks a pop if
you decide to offer if you’re a seller
if you decide to offer a home warranty
that would be included in here yes if
home warranties go about 500 bucks yeah
it’s about five or six five to six
hundred recently very few people are
getting home warranties
sometimes the buyer will pay for their
own home warranty uh and over during the
the cobit thing it was hard to get
people to come out and do repairs so
home warranties really weren’t worth
very much but that seems to be changing
it’s changing again yeah also if you are
a seller and you agree to some repairs
and you say you know what I don’t want
to do it myself but I’ll give you money
in lieu of that money would be reflected
in this settlement sheets here so if you
decide hey I’m going to give you fifteen
hundred dollars to do the repairs you
found are needed during inspection I’m
just going to give you that cash and it
will go towards the buyer’s closing
costs
that’s something you should know a lot
of people think oh well I’ll get a check
for fifteen hundred dollars no it will
simply be credited to your closing cost
yeah but so be aware of that yeah
particularly if you’re
yes buyers walking away with cash
correct so that’s how it’s handled so
you’ll get a credit if you were the
buyer
um there’s also the like we talked about
this earlier your the commission for the
buyer as well as the listing agent
and those rates uh can vary yeah uh the
commission can go anywhere from I’ve
seen one and a half all the way up to
three percent it just depends and it is
negotiable it is negotiable yeah and we
we are not allowed to talk very freely
about commission rates that’s right part
of the the government once people have
more conversations about commission
rates but we’re really not allowed to
talk about it much that’s right they’re
kind of across purpose but there it is
but there it is that is what you’re
saying you so your seller is looking at
closing costs title policy escrow fee uh
an inspection
transfer for septic HOA transfer fee
well transfer recording fee home
warranty if you do that repairs if you
do that and commission yeah so that’s a
lot to kind of remember but that’s
pretty much what the seller yeah and
I’ll put these two I’ll put these sheets
on the website as well so you can
download them and look at them that’s
right but in a nutshell so on the net
sheet the net at close is uh wait hold
on the total I’m looking for the total
all right so the total closing cost is
thirty six thousand dollars of that uh
in this example 30 of that is the real
estate fee so the vast majority of the
seller closing costs are the marketing
costs the real estate fees correct uh
the rest of it comes in at about six
right beyond that it’s not very much and
that’s just based on a house 460 000
somewhere up in that range 500 minus the
twenty oh
letters all right so on the buyer’s side
um this the the title fees escrow fees
mobile closing they have your
endorsements you don’t see many of those
that’s endorsement is
um something you add on to a title
policy to cover additional things we
don’t see those that often uh closing
protection letter we don’t see a lot of
that either
um all of those fees together come to
about two grand uh the buyer closing
fees are mostly generated by a loan if
you’re not doing a loan obviously you
won’t have lender fees but the lender
fees come to like origination fees like
four thousand uh appraisals 500 that’s
more like 800
um it’s example they said five Brands
usually more like 800 right yeah
it just depends on it just depends uh so
so most of the most of the closing costs
that the buyer will pay are associated
with with the loan so once again we will
uh we’ll make these available so you can
see the exact breakdown yeah and it’s
something to kind of educate yourself
about so you know because some people
come in they’re like oh will I be paying
the seller their commission yeah no
that’s not on you you know um what is uh
do I have to pay who who pays for the
HOAs that have already been paid so it’s
important to understand there’s a lot of
checks and balances
um debits and credits everything and
you’ll get a full settlement sheet which
is clearly identical everything and we
do we do net sheets or or in the closing
cost sheets for our clients in advance
to give you estimates if that’s
something that you’re concerned right if
you’re unless what will I owe sure we’ll
figure it out for you and we’ll give you
an approximation of what you can look at
for your closing so it’s a lot to think
about it’s a lot of different parts and
and things to yeah it’s kind of
overwhelming but it’s okay I mean we
typically use a great we have a very
good relationship with a title company
here and they do an amazing job doing
the prorations and explaining and
understanding so we will help you every
step of the way so you’ll understand
what exactly each of these costs are
absolutely so don’t fret my friends
don’t fret come on in and buy your house
and be excited about living here
put this on the Wayside I mean it’s too
much to worry about you’ll have a good
time though when you get here all right
so we hope to hear from you soon please
check us out at
pickle411.com that is your information
site whether you’re a buyer seller
somewhere in between there’s something
there for you that will Amaze Astound
inform did I say that already I think so
I’m entertain whatever whatever it will
float your boat it will so you have a
boat it’ll start floating that’s right
after you go to pick before that’s right
call us and we’ll help you every step of
the way it’s all free okay have a good
day thank you bye
hello
this is Diana Randall bro coming to you
here from Prescott Arizona
um we are excited to be here we got a
tip from a fellow uh Watcher slash
listener and I thought you know what
you’re right we should do a segment on
what is the seller’s cost and what are
the buyers costs who’s paying what who’s
paying what when it comes to closing and
escrows and all that who pays what and I
thought yeah brilliant idea yeah I mean
we take it for granted because we do it
all the time because we’re used to it
and of course different states uh do do
it differently than here in Arizona the
most important thing to remember when
you’re buying a home here in Arizona and
we get this a lot is that the seller the
the person listing their home they pay
both sides of the commission yeah so
they pay uh the listing agent side and
they pay the Buyer Agents most of the
time most most of the time the
government has been thinking about
changing that for a while future that
may be different but as of now in the
city of Prescott for the most part
sellers do pay the Realtors commission
correct which is not to say that it’s
free no the uh for the buyer for the
buyer yeah obviously the prices right in
the big checks the buyer’s right I mean
that would be reflected in the price
yeah the whole innocence the buyer is
paying for all that stuff so we’re not
allowed to say that real estate services
are free to the buyer because in effect
the buyers I mean obviously yeah but
your seller will have that reflected in
their price that being said it will not
be part of your settlement statement
yeah like sheets of paper and everything
here so that sheets yeah net sheets so
she’s got the seller’s net and I have
the home estimate for the buyer and we
thought we would compare so I’ll go over
quickly what a seller yeah what is
seller what are their fees yeah so uh
just just for uh to set the stage here
this is a uh imaginary transaction the
home is 500 000 which is a little less
than median here in Prescott these days
uh I have the buyer uh taking out a loan
and putting down twenty percent very
good so you know relatively standard so
of course if you are selling your home
you’re going to pay your own closing
costs you’re going to pay a portion of
that
um you’ll have your taxes will be
prorated yes and any HOA fees if you are
living in an HOA community that will
also be prorated yeah you do have to
bring money for that but in essence it’s
not really a closing expense because you
would have paid it anyway I mean these
things have to be paid uh but they will
do some prepayments for some of it
absolutely so if you are selling your
home you will pay uh title policy you
will pay escrow fee yeah so the title
policy is
22.57 and the buyer also pays uh part of
the
title policy it says here 1160. so some
of the expenses paid by uh by the seller
most of it’s paid by the seller and it
looks like about a third of it is paid
the title policy it’ll be a system of
checks and I mean it’ll be a system of
um credits and and debits and all that
stuff they’ll they’ll balance it all out
so each person will pay some of it some
of them will pay more than others uh
than the buyer yeah we also will have an
escrow fee yes so the escrow fee uh the
buyer and the seller both pay the same
amount and that’s on purpose so that the
you know the escrow company or the title
company and Escrow Company in Arizona do
both sides of the title and the escrow
so they split that so so everybody it’s
Even Stevens it’s between the buyer and
the seller septic inspection insectic
transfer fee if you buy a home with a
septic tank you uh the seller will have
to provide that fee and pay for for the
inspection yeah so the the transfer fees
50 bucks they are times when the buyer
might pay that but for the most part the
seller patients yeah and the seller will
have to arrange to have the tank
inspected in a timely fashion before you
close so but that’s only if you’re
buying a home with septic okay you also
will have an HOA transfer fee which I
talked about earlier if you’re in an HOA
development that really depends on the
HOA sometimes there are other fees the
seller has to pay with if there’s a
disclosure fee almost always a
disclosure fee seller has to pay that oh
most of the other fees are negotiable uh
but they tend to be paid more by the
buyer than the seller if you also buy a
property that has a well a seller will
have to pay the well transfer fee that’s
like thirty dollars yeah but these are
cost if you were a seller and you have
septic and you have an HOA and you have
a well those things are all absorbed by
this seller yeah okay now the buyer is
paying for if there is a well the buyer
pays for the wells well inspections uh
obviously there if you have a home
inspection the buyer pays for the home
inspection in other states that there
are pre-inspections uh those are
relatively unusual here most of the time
the buyer pays for their own inspection
and if there’s a well they pay for a
volume and quality test on the water
right and we always want to do that so
some other fees you have a recording fee
yeah I think we have one uh buyers have
the same recording fee 50 bucks a pop if
you decide to offer if you’re a seller
if you decide to offer a home warranty
that would be included in here yes if
home warranties go about 500 bucks yeah
it’s about five or six five to six
hundred recently very few people are
getting home warranties
sometimes the buyer will pay for their
own home warranty uh and over during the
the cobit thing it was hard to get
people to come out and do repairs so
home warranties really weren’t worth
very much but that seems to be changing
it’s changing again yeah also if you are
a seller and you agree to some repairs
and you say you know what I don’t want
to do it myself but I’ll give you money
in lieu of that money would be reflected
in this settlement sheets here so if you
decide hey I’m going to give you fifteen
hundred dollars to do the repairs you
found are needed during inspection I’m
just going to give you that cash and it
will go towards the buyer’s closing
costs
that’s something you should know a lot
of people think oh well I’ll get a check
for fifteen hundred dollars no it will
simply be credited to your closing cost
yeah but so be aware of that yeah
particularly if you’re
yes buyers walking away with cash
correct so that’s how it’s handled so
you’ll get a credit if you were the
buyer
um there’s also the like we talked about
this earlier your the commission for the
buyer as well as the listing agent
and those rates uh can vary yeah uh the
commission can go anywhere from I’ve
seen one and a half all the way up to
three percent it just depends and it is
negotiable it is negotiable yeah and we
we are not allowed to talk very freely
about commission rates that’s right part
of the the government once people have
more conversations about commission
rates but we’re really not allowed to
talk about it much that’s right they’re
kind of across purpose but there it is
but there it is that is what you’re
saying you so your seller is looking at
closing costs title policy escrow fee uh
an inspection
transfer for septic HOA transfer fee
well transfer recording fee home
warranty if you do that repairs if you
do that and commission yeah so that’s a
lot to kind of remember but that’s
pretty much what the seller yeah and
I’ll put these two I’ll put these sheets
on the website as well so you can
download them and look at them that’s
right but in a nutshell so on the net
sheet the net at close is uh wait hold
on the total I’m looking for the total
all right so the total closing cost is
thirty six thousand dollars of that uh
in this example 30 of that is the real
estate fee so the vast majority of the
seller closing costs are the marketing
costs the real estate fees correct uh
the rest of it comes in at about six
right beyond that it’s not very much and
that’s just based on a house 460 000
somewhere up in that range 500 minus the
twenty oh
letters all right so on the buyer’s side
um this the the title fees escrow fees
mobile closing they have your
endorsements you don’t see many of those
that’s endorsement is
um something you add on to a title
policy to cover additional things we
don’t see those that often uh closing
protection letter we don’t see a lot of
that either
um all of those fees together come to
about two grand uh the buyer closing
fees are mostly generated by a loan if
you’re not doing a loan obviously you
won’t have lender fees but the lender
fees come to like origination fees like
four thousand uh appraisals 500 that’s
more like 800
um it’s example they said five Brands
usually more like 800 right yeah
it just depends on it just depends uh so
so most of the most of the closing costs
that the buyer will pay are associated
with with the loan so once again we will
uh we’ll make these available so you can
see the exact breakdown yeah and it’s
something to kind of educate yourself
about so you know because some people
come in they’re like oh will I be paying
the seller their commission yeah no
that’s not on you you know um what is uh
do I have to pay who who pays for the
HOAs that have already been paid so it’s
important to understand there’s a lot of
checks and balances
um debits and credits everything and
you’ll get a full settlement sheet which
is clearly identical everything and we
do we do net sheets or or in the closing
cost sheets for our clients in advance
to give you estimates if that’s
something that you’re concerned right if
you’re unless what will I owe sure we’ll
figure it out for you and we’ll give you
an approximation of what you can look at
for your closing so it’s a lot to think
about it’s a lot of different parts and
and things to yeah it’s kind of
overwhelming but it’s okay I mean we
typically use a great we have a very
good relationship with a title company
here and they do an amazing job doing
the prorations and explaining and
understanding so we will help you every
step of the way so you’ll understand
what exactly each of these costs are
absolutely so don’t fret my friends
don’t fret come on in and buy your house
and be excited about living here
put this on the Wayside I mean it’s too
much to worry about you’ll have a good
time though when you get here all right
so we hope to hear from you soon please
check us out at
pickle411.com that is your information
site whether you’re a buyer seller
somewhere in between there’s something
there for you that will Amaze Astound
inform did I say that already I think so
I’m entertain whatever whatever it will
float your boat it will so you have a
boat it’ll start floating that’s right
after you go to pick before that’s right
call us and we’ll help you every step of
the way it’s all free okay have a good
day thank you bye
Post Possession
Sometimes the simplest solutions are not the best. That's especially true when it comes to moving out of a home you just sold. You'd think it would be no big deal to leave a few things in the home after you close - especially if the buyers don't mind. In this episode we explain why that's not a good idea.Video Transcript
good evening good evening people hello hello hello hello hello this is uh Randall and Diane bro here in the beautiful city of Prescott Arizona we are your number one top team in terms of service connections helping you find the right place uh and we would love if you’re coming to visit and you find a great place if you want to talk about something that could happen and you might think about and we’re going to tell you why it’s not always the best thing not always the best idea that is post possession post possession so post possession sounds like a technical term basically what that means is if you are selling your house and your house is closed it’s no longer your house right but you want to keep some of your stuff in the house after you’ve closed that is post possession and it’s kind of a it’s kind of a bad idea um just in terms of lawsuits so there are millions of homes that are bought and sold every year uh you know when you’ve got that much going on everything happens at some point and people have just found that in transactions where there was post-possession it could lead to some crazy lawsuits it can be pretty scary so a lot of people are like oh we really like the seller and the seller really likes the buyer it’s a great idea would you mind you know or sometimes the seller says I’d like to stay in the house for two months after you buy and some sellers even will say I won’t even charge you you know rent right yeah but I still want to stay here yes um and some people are fine with that I and my broker not a good idea it’s uh can work it it can be very very scary and even the Best Buy or seller relationship can go sour fast and then if that seller is still keeping all of their things in the house or you’re keeping your things in the house and you’re like I could have sworn I left that jewelry box yeah where is it now where is it now yeah you would be surprised or God forbid there’s uh Mother Nature comes along and the roof starts leaking and your beautiful artwork that you had left stored there gets damaged I mean it just opens a whole can of worms that can be really really bad and you know sometimes we try to explain this to clients they don’t want to hear it they’re like but they’re friendly we’re good we’re good we have a good working relationship yeah yeah you’d be surprised how fast that can go south yeah well if if you have a seller that let’s say we want to close and the seller wants to stay there a month or two months you can fix that right so that is essentially a short-term lease you can do an official lease it is a legal document and that it and they’re the only people who are in the house only their possessions are in the house uh and so and you’ve got a legal document that is a contract by the way you need to have some consideration not a good practice Yeah and the reason why is it’s not a valid contract if there’s no consideration so that’s just a technical even if you just put a hundred dollars not even a hundred dollars and you come to terms that’s fine there has to be some consideration for the contract to be valid uh you’ve got a contract in place uh there’s only one party in the house there’s only one party’s possessions in the house that’s workable yeah we can do that even if it’s just a week or a few days you can do a very short-term lease and you can make that work uh maybe not so good is the buyer moves in and you still have possessions of the seller there you can never go buy a handshake we’re good friends right this was a good transaction let’s just shake hands we would never as professionals uh and is one of the top Professionals in the city yeah not a good practice not a good practice you know I always have something illegal in place yeah you leave something you spill coffee on it or or you know um technically from a a legal standpoint anything that is left in the house after close becomes the virus you know if you don’t move it it’s theirs um so as a seller you should understand that um as a as a buyer you know they if they you have their possessions in your house and something happens to it uh you may see them in court you know you’d be surprised uh so you know when we kind of say hey I wouldn’t do that I am not comfortable with that I’ve never heard of a zero free rent back for two months it’s not that we don’t want to help you I mean we will we’ll make it happen but please take our advice we’ve seen things go really really bad and we’re trying to help you legally and you know that’s what you need to do you need to make it above board and you know shaking someone’s hand and saying I promise I’ll be good yeah uh can sometimes backfire yeah a lot of what we do for you is prevention you know just trying to keep bad things from happening and if they don’t that’s fine you know but precautions are always a good idea always we’re looking out for your best interest and we always want to protect you that’s that’s what our job is yeah so anyway when you’re thinking about post-possession we’ll try to get you a nice contract written up for a lease back where everything’s good and it’s all above board and you’re legal and you don’t have to worry God forbid if something bad should happen exactly so keep all that in mind when you’re looking and you want post possession and oh they said it’s okay listen to Mom and Dad Mom and Dad are here to help you we know we can go back we’ve done hundreds of transactions hundreds and hundreds believe me we know so that’s our little so for the day so if you want to talk about post-possession we’ll make it happen but do it in a way that protects you protects both parties that’s our tip of the day if you want more tips a place to go is pickle411.com that is our free information site whether you’re a buyer or seller or somewhere in between there’s something waiting for you that will amaze and Astound you and tickle your funny bone there you go all free all free take care great rest of your day bye
Utilties & Our Free Concierge Service
People are always asking us about utilities, so we thought we would do an update on the cost (and availability!) of water, power, gas... and all the rest. Also, we are delighted to announce a new, full-service, human-powered concierge service we offer to our clients for getting utilities disconnected where you're coming from and reconnected where you're going to... all completely free. Previous Episode: Typical Utility Costs - Month by MonthVideo Transcript
hello hello hello hello peeps excuse me I got a little tickled excuse me welcome welcome this is Diane and Randall we’re in Prescott Arizona coming to you live recording recording live we’re recording everyone records live yeah that’s pretty much because that’s redundant to say because yeah yeah it’s always live it’s a recording it’s not a recording we are here we get a lot of questions about this to our new folks who are buying and moving in yeah all about utilities here utilities so a couple things I want to say before we get into some of the the meat of this utilities here because a lot of people question especially coming out from California water is very reasonable electricity is very reasonable gas is very reasonable so you’re not going to be paying the high high utilities some of the bills that you see maybe in other areas of the country so we get a lot of concerned about that will there be enough water is there water rationing I just want to say real quick before we get into the other stuff no no we don’t have any water restrictions there are no water issues here they’re not predicting any water issues here any major development that goes in has to prove it has a 100 Year water plan and if they can’t they’re not building yeah they have to find another area so also not a big agricultural place here uh you know everything is zeriescape so as they say so people aren’t watering their lawns and all that so never think I had more water restrictions in Texas oh yeah we had water restrictions pretty pretty regular all the time I don’t run your water from this to this doesn’t have never happened so anyway and I just want to let you know utilities are not Uber expensive here never happen and don’t predict that they will be in the future a while ago I put together a schedule of our utilities month by month which is on our relocation Center if you go to our website prescottpicklelady.com you look for the relocation Center or you can go to Prescott relocationcenter.com and look up utilities um you’ll find our schedule there so don’t worry about that and of course ours is a little higher because I run it cold in the summer yeah yeah um but if you’re a person yeah and our house is a little over 3 000 square feet yeah so it’s a lot to AC it’s smaller so yeah so but I mean if you’re like most normal people who run their air on 75 you’ll be just fine don’t so don’t look at us as the best example the worst case I mean we’ll give you the worst case but something we were excited about and this will tie in now to utilities when you’re moving here and signing up we have a program through our brokerage that allows you just to go online and enter in your home that you’re in now and the new home that you’re going in and it will hook you up and disconnect so you don’t have to get on the phone like I did for 30 minutes and give all the information and this that and the other it makes it a lot easier yeah so the the program is called utility connect uh and it’s it’s driven by a very sophisticated technology called a human being something you contact them and they will assign you a human being who will do all that stuff for you uh the service is free yes uh they will help you schedule the disconnect of where you’re coming from and they will help you schedule the the connection on where you’re going to uh now some utility companies do not play with the utility connect people yeah uh well you know whether it’s in Prescott or you know maybe your utility company may not do that either if that’s the case then the concierge person uh will give you the contact information and tell you what you need to do so they’ll say hey whatever they won’t play with us but I’m going to give you the information and then you’ll have to do it the old-fashioned way but um it sure is nice to have them help you with the disconnection yeah on the other end as well it’s a great great product and we’re really excited and we’ve had a couple of clients use it and say wow it was so much easier yeah and faster now we have all the utility numbers to call here in Prescott obviously we won’t have the numbers where you’re coming from uh those numbers can do it all we can’t do it all uh the but the utility connected will yeah um the numbers change we try to keep them up to date but that information changes and it’s different depending on what area you’re moving into the utility connect people will help you negotiate all that stuff make it as easy as they possibly can absolutely they’ll also do um your your phone your mail uh they’ll do uh I like the mail that’s good too yeah your internet connections and stuff like that that can do all that stuff for you so it’s a pretty cool product cool product yeah so anyway if you call us and we find you the home of your dreams we’re going to connect you to utility connect that’s right and uh just make one more piece of this move easy for you that’s right and that’s what we are all about as your real estate team of Prescott yeah that’s us that’s us the pickle lady oh so that’s our tip of the day tip of the tips good place to go is pickle411.com whether you are a buyer seller somewhere in between there is something there waiting for you that will amaze and Astound you yes whether it’s real to stay places to eat things to do uh it’s all there it’s all fun and it’s all amen hallelujah brother amen good job yeah okay okay hope to see you soon give us a call bye bye
Clever Low-Pressure Tactic
Buying and selling real estate can be one of the highest stress situations you'll ever face... or you can turn the tables and make it downright enjoyable. In this episode, we reveal a little-known low-pressure trick that lowers your stress and gives you the edge in negotiating.Video Transcript
hello this is Diana Randall bro here coming to you live from Prescott Arizona we’re happy to talk to you about if you’re thinking about moving and you’re like wow I gotta sell first I don’t know what a drag I can’t get my time frame to line up so we wanted to talk to you about buy first then sell yeah it’s a new program it’s designed to help you out one of the things we observed is that when we have buyer we have buyers that are um full of cash a lot of times what they’ll do is they’ll just buy a house right they’ll buy a house they’ll move their stuff in and then they sell it really reduces the uh the pressure associated with the whole deal uh it doesn’t force them into a house really quick so they have the time to find exactly what they want and when they’re negotiating on the buy side they’re not under time pressure they usually negotiate better deals and on the sell side same thing they’re not in a hurry and so they can negotiate a better deal uh not a lot of people fall in that category and unfortunately they can’t um enjoy those benefits but now there’s a new program that’ll do that and it’s called buy then sell so buy themselves yeah it’s great so we have a number of contacts that we can connect you with where you can get a bridge loan but it’s not the bridge loans of yesteryear this is a really great product uh you can identify a home here in Prescott that you absolutely love you don’t have to worry about losing out because you’re under a contingency and perhaps your home didn’t sell in time so you can identify it put the offer in if you qualify if you qualify depending on your credit of course if you’ve got great credit you get cash up front from the company they give you the cash up front for you to buy the home that you’ve identified here in Prescott you then can negotiate better right because you quote have a cash deal yeah from the from the seller’s point of view your offer is a cash offer it’s considered a cash offer which always gets priority always a cash is King cash will win out on any kind of bidding war that you may be in so you will win that you’ll get the home you’ll get to move in you’ll you’ll get to slowly but surely move in without all the pressure of oh my gosh I’ve got to sell my house and now I got to get the house packed up and I got to get out of here this lets you have some Breathing Room it lets you identify the home you love you won’t lose it you can buy it you know it’s there it’s safe it’s sound it’s waiting for you you can slowly start to move in yeah then you can stage your existing home that you want to sell and and not have to worry about being there and Fielding calls for showings and all that you pack up you move here to Prescott you let it sit there yeah you let it sit there while it’s selling and it’s a lot less pressure it’s a lot less trouble yeah uh you don’t have to keep your house picked up and cleaned while you’re waiting for the next showing you don’t have to sit there and be like I have 10 days to get this sold otherwise I’m going to lose my house in Prescott yes all that foolishness goes out of the window yes the good thing is there are fees associated with getting the buy then sell program but here’s the thing the amount of money that you pay is offset by the extra money you’ll get by being able to negotiate better deals on your buy side and your sales side that’s true and honestly we’ve done this a couple of times and it’s almost a wash I mean it really ends up being very cost effective yeah and when you just think about the the reduction in pressure dealing with the movers the moving right and the state the logistics the logistics yeah it’s just kind of a no-brainer kind of a no-brainer the other good thing is I think a lot of people think oh if I get a bridge loan I’m then paying two mortgages I’m paying the mortgage on my existing home and I’m paying the mortgage on no you have up to a year to get your existing homes sold yes you do not have to pay any not even interest during that time frame now the interest is accrue yeah it’s a crew but it’s not like you will have an additional house payment or interest payment to make during that year process it won’t take you a year to sell you might accrue a little interest for two or three months yeah that’s it then you sell you pay off the bridge loan yeah boom comes out of your comes out of yourself it’s a beautiful thing if you have amazing credit uh and you qualify we highly suggest it because sometimes we get people who come in they absolutely fall in love with a house and they’re heartbroken because they know I don’t even have my house on the market yet right there’s no way I can get this together I can get this sold to purchase this one right and it’s very upsetting you know to leave a home you love that you’ve you really want so we think it’s a great product we’ve had enough friends uh it’s a great idea use it and I love it if you think about it you the pressure is okay so let’s say you sell your home first well now you got to find a home really quick and you don’t want to that’s a lot of pressure you gotta hustle down here and yeah I gotta find it got it and you’re gonna settle for something maybe that’s not on the market right because maybe that perfect one isn’t quite there it isn’t there so you’ll be like well this one is okay I mean you’ll you end up settling we hate when our clients we want you to be happy we don’t want you to settle we want you to be happy and excited or you find the perfect home and you put an offer in it’ll it’ll have to be a contingency yeah so you’re going to have to pay top dollar yep and then you’re going to have to Discount your home wherever you live now to get it to move as fast as possible hustle it’s just it’s you’re behind the eight ball this gets you out from behind me so if you are fortunate enough to be in a position that you could qualify for this bridge loan product hey it’s something to really consider if you really had enough and you want to get out of Dodge where you are yeah there’s other options available to you yes that will help you get that done faster and quicker now we have no vested interest in this at all oh absolutely no actually we’re not allowed to have any vested interest in the lenders that we we recommend to you just to be clear yes and if you want to do it the hard way you know we’ll help you that’s what we do absolutely do it well uh but this is another option for you so something we just thought we’d throw that out there to you folks out there and um who are still thinking of the bridge loan as the olden days when you had to pay all this extra payments every month just wanted to give you a little heads up the product has changed it’s very effective it’s easy and it’s well worth it if you are ready to really make the change and you don’t want to wait another six months absolutely so that’s our tip of the day tip of the day if you’re in the tips the place to go is pickle411.com that is our free information site whether you’re a buyer seller or somewhere in between there is something waiting for you there will Amaze astound and entertain you and tickle your funny bone heavily hopefully all free all three all right thank you for listening we appreciate your time and have a great day bye
Pre-Inspections
One of the most discouraging things that can happen when selling your house is when something unexpected shows up during your buyer's due diligence. There's a quick and easy way of avoiding that, which we explore in this episode.Video Transcript
hello hello hello today yeah I don’t know I hope everybody’s having a beautiful day and life is treating you well we’re having a beautiful day I’m here to share it with you that’s right yeah we are so excited this is Diana Randall bro here with exp Realty pickle lady I’m a psychic that’s right we are very excited here to talk to you today about something I think it’s important for all people getting ready to list particularly if you have an older home yes uh I in fact if you have an older home I would say it’s almost imperative yes big word imperative narrative I like that word it’s imperative meaning you must you must do this if you uh have a home even if it’s maybe fairly new um and you want to make sure you’re ready to sell you’ve got to get this concluded and move on have your home pre-inspected free inspection free inspect it don’t rely on the buyer to do it yeah you do it we have a great inspector that we use uh he’s part of our team he’s amazing he will come out and pre-inspect and uh from top to bottom roof uh HVAC a dishwall everything and he will write up a 60 70 page report his name is Matt gormer yep with national inspection I just calling that Matt call Matt we’ll look into that we’ll look into that National inspection yeah National inspection and he’s he’s just grateful he’s great uh very very knowledgeable so he’ll come out and depending on the square footage it’s probably anywhere from 325 to 375. yeah well worth the money yeah right just to clear up any confusion you guys might have if if you’re not from Arizona we are uh this advice is for sellers in Arizona and other states like California some of the other states it is customary for the seller to do a pre-inspection that’s just sort of the the normal procedure and then uh so they offer those inspection reports to would-be buyers Arizona doesn’t do that correct Arizona the buyer will do their own inspection and get their own inspection report what we are suggesting is that even though it’s not customary sellers particularly uh people with older homes or a home that let’s say a home any home that has been built uh 10 years or more ago or has not been renovated for more than 10 years right you probably want to do a pre-inspection because nothing is worse than getting under inspection I mean getting under contract pardon me getting under contract and everybody’s excited we’ve opened escrow we’re moving along and then we find a slew of problems yeah so as the seller you don’t want to be hit with these surprises yeah oh my gosh I had no idea really that’s wrong that’s wrong that’s wrong and then guess what sometimes can happen the buyer can walk and say you know what it’s too much yeah I don’t want to do it I don’t want to touch this with a 10-foot pole even if it’s little things yeah I’ve got a lot of little things right goes through a buyer’s mind is well what else is wrong with this house correct finding uh when you when you show them an inspection report and everything’s been addressed yep or they do their own inspection and it comes back really clean makes them really confident right they feel good they’re excited yeah and what sellers need to understand too now is that the market has changed and now sellers are competing for buyers yep and so if you have a buyer and they’re considering your house which is say a little older or a brand new home they might go with a brand new home just to avoid all so to make yourself competitive a pre-inspection is a good investment and you know take care of some of the problems that are on there before you even go on the market before you go on so then your house is just you know you have a confidence that you know what if I go under contract this is not going to fall out um I’ve taken care of everything they should be very happy with the home they’re about too high and so it’s something we kind of advise and and we’re so happy when some of our clients will take us up on that yeah and then you’re going to be surprises and you’re more likely to get an offer there too we’ve had any number of buyers they just look at the home and just say there is no way this thing it’s going to inspect out right you know we’re going to do an inspection I know they’re going to be issues right for whatever reason they don’t think the the seller is going to be amenable to repairs or whatever they don’t even bother making the offer yeah they’re like yeah it’s too much oh my God inspection report in their hot little hands that shows yeah we’ve addressed all these things and it shows pride of ownership right it makes them feel good these people cared for their home these people really invested their time and money in the home so I’m buying a good product I feel now good about making an offer on this home yes and like I said we don’t want to be under contract and it’s like oh really yeah I had no idea the heater didn’t work yeah not a good thing you don’t want to go back and say be surprised you know what I mean yeah you’re going under contract you’re calling movers you’re you’re moving on with your life oh guess what you know right so we are big Believers in having your home pre-inspected even if if it’s a fairly new house five years old it’s still good you know there might be some things you’re not even aware of yeah we just recently had a brand new home which was more than what was reported in the county turns out we were right yes uh so yeah even even that’s a little thing lots of little things yes uh it’s it’s a it’s a good insurance policy absolutely we cannot speak highly enough and for those of our clients who believe us and like to take our advice we thank you cheers to you for agreeing to the pre-inspection it gives you uh you know when you put your head on the pillow no worries you’re free no fretting because you know you’ve done everything you possibly can to get your house ready to be in good shape to sell that’s right so that’s our little tip of the day to our fellow sellers to be that’s right you want more tips the place to get it is pickle411.com that is our free information site whether you’re a buyer seller or somewhere in between there’s plenty of information for you about real estate about press get things to do things to eat places to go all kinds of stuff all kinds of not just real estate not just real estate fun stuff fun stuff too yeah that’s what we’re also that’s fun too it can be a lot of fun enough for pre-inspections it’s fun for math it’s fun for Matt okay so thank you for listening to this handy tidbit of the day we appreciate that and we hope that you have a wonderful evening all right take care bye