Buyers waffle between their desire for a “dream home” for retirement and their desire to make a good real estate investment. The Pickle Lady offers some words of wisdom for resolving this dilemma in making your real estate decisions.
Video Transcript well hello hey peeps at our open house here on our open house and we had a little break so we’re like you know what time to do a shoot time for some coffee time for some coffee so uh we are here at our lovely listing at 1262 pebble springs had a little lull in traffic so we decided let’s come sit out here and have some coffee in the courtyard and chit chat oh we’ll wait for somebody else to show we’ll wait for somebody else to show up bro randall bro prescottpicklady.com prescott piccolitti prescott arizona exactly realtors we’re living the good life enjoying this amazingly beautiful day it is so gorgeous it kind of feels like spring has sprung but it really hasn’t yeah just another february day just another great day here living the life in prescott so what are we here to talk about today mr brown well we want to talk about objectives so if you’re looking to buy a house in prescott one of the things that you need to be straight on and straight with us is your objectives like what are you looking for and you can break people into two camps those who are looking for a dream home and those that are looking for a great investment yes and a lot of times you know you start out in one and then they they they start talking about the other and they get themselves all discombobulated so we thought we’d talk a little bit about what that means and kind of how you you travel one path or the other correct i think a lot of people here are moving here for their final maybe retirement retirement yeah so are you looking for your retirement home slash dream home or you’re looking just to buy something for an investment and get some appreciation yeah i do want to say one thing um pretty much whatever you buy here whether it’s your final dream home you don’t care if you’re going to make money on it or not um you will still get some pretty good appreciation yeah you’ll get good appreciation but you know you buy well yes yes you know but if that’s what’s driving your decision then we’re gonna steer you toward certain things like for example if you are looking for the best investment you can possibly get we’re going to steer you away from new construction yes you pay a premium for new construction and having things just the way that you want customers the latest and greatest maybe your particular taste is not completely mainstream you want something a little off which might limit the market when you go to sell the home yep uh you know but if that’s what you want then buy that buy that absolutely if you want a great investment yeah kind of like buying a car a brand new car you drive it off the lot you kind of you know in the beginning in the beginning after you buy new construction you might get dinged a little bit in appreciation over the years though it will definitely appreciate yeah but you know you can’t expect huge jumps and appreciation you know within the first year of purchasing a new home because the rest of the developments going up and this that and the other yes so you know it’s something to kind of keep in mind um and also keep in mind that there are people out there who have come before you and they have built their dream homes yep knowing full well that when they go to sell they’re going to have to discount yep you buy those that’s a good investment that’s a good investment that’s kind of how this the circle of life things sort of works you know exactly i mean i constantly think about trading in randall and they said in the other i’m like well i mean if i get a newer model if you hadn’t married your dream guy well you would have been able to get a better deal if i were recycled through some other wife you’d get a much better deal it’s the same thing with houses you’re so bright i mean new construction some people are like you know what it’s my last house i don’t want to ever have to worry about putting on a roof or replacing anything new construction is the way to go for you yeah you will it’ll be worry free you can move here and not have anything on your plate that you have to worry about and look you may be thinking look whatever i investment or whatever that’s just going to be more money in the kitty when i die and my kids get all this yes they’re already getting more than they deserve you know or whatever you know i don’t know your kids but you know it’s like whatever’s left over that’s on them it’s not up to me to make that is maximize that i want to live my life and correct have a dream home that’s your choice absolutely you know that’s your choice but here’s the thing don’t mix your metaphors yeah yes if you’re in the mode i want to dream home then don’t get caught up with resale or buy what you want uh or maybe you’re somewhere in between right you know if a dream home is 10 and an investment home is zero you may be at a four you may be at a seven and we can kind of help you but you need to be clear on what your objectives are absolutely don’t don’t find the dream home and then and then in the 11th hour you’re thinking yeah but it’s not a good investment yes make up your mind what you want beforehand and we can help you find it absolutely and you know my saying is some people come in they’re like well i don’t know i mean i i love the views from this house but i don’t know i worry about resale here’s my here’s my kicker which is what my parents taught me if you’re of a certain age and this is your last house it really won’t be your problem now will it about resale that’s your kids part problem that’s your kid’s problem so if you see something that you absolutely fall in love and you’re like this is my last house but i’m a little concerned about maybe um an electric tower behind me or a power line yeah but everything else or hey i like to remodel old cars yes i need a lift in the garage right you know again that’s going to be your your kid’s problem that’s your kid’s problem you know my parents taught me well they did the same thing they were like you know that’s exactly what they did don’t worry about resale particularly if this is your retirement slash dream home you know honestly let’s let’s i mean i hate to say it but it’s really not going to be your problem is it that’s it it’s going to be you are your heirs it’s going to be your children’s problem um but in the meantime you will be enjoying the time of your life yeah and yeah that kind of thing just in general that this is your retirement home i would tell you that you should probably lean more toward the dream home mentality than you otherwise might correct because if you are like a lot of people who are in this in a position to buy a dream home you have a lifetime of habits and and actions that got you here yeah and so that’s that’s what you’re comfortable with with that’s what you’re you’re used to yeah that would be called earning it earning it you know you’ve earned it and now you can it’s well within the realm for you to spend a little of that uh rather than i’ll pass it on that don’t always worry about is this the sensible correct you know kind of you know what this is it this is your hurrah yeah enjoy it you worked hard i kind of like how this topic has kind of steered around to something else yeah you like that i do because you know what it is your it is your your hurrah that this is your retirement have fun don’t worry about oh investments we’re not going to sear you any place that’s going to be horrific no is that being said yes if you like no i want to i want to give my kids as much money as i possibly can it’s got to be we can help you we can do that for you and we cover it for you we can and we can we can go zero we can go 10 we can go anywhere in between but you need to be clear on what your objectives you do think about your objectives and we are here to to find whatever you need uh and to fulfill whatever objective you know your heart is calling you to that’s what we’re all about but just some food for thought this so we thought we’d chat about it yes absolutely food for thought where can i find you my love i’m at theprescottpicklelady.com or you can call me at 713-302-196 or where else mr brown yeah you can also find us at we sell prescott.com that’s for our listeners so if you have property here in prescott that you need some help selling we can help you anyway we’re all three here to serve you and help you make your dream come true whatever that may be whatever that may be all right cheers to that cheers to that all right have a great day folks catch you next time bye
