You may have heard that weirdness prevails in the real estate market these days, and nowhere is that more true than with lenders. In short, lenders are struggling right now... big time. In this episode, we discuss some of the major lender fumbles we've seen recently and how you can avoid the nightmare scenarios that have become all too commonplace in real estate transactions because of them.
hello friends this is diana randall bro your local friendly husband and wife realtor team located in prescott arizona she’s depressed pickle lady that’s right i am her sidekick in arms that’s right sidekick have arms i’m not sure i’ll get some water i’ll get some more or at least some tools sidekick but yeah you probably do but tough topic too yeah a tough topic it’s something that um i try and try again some people listen and some people how shall i say i think they know better than mama and that is using an out of state lender so we’ve been having a lot of trouble with lenders um and that’s just i mean the lending process the lending process you know we’re going the whole covet thing and logistic problems and i i don’t know what but we’re finding it very hard to match our buyers with lenders who can close in a timely manner well yeah and this is my biggest pet peeve lately particularly if you use an out of state london oh i have a relationship with them i’ve been with wells fargo for 25 years it doesn’t mean a thing okay you are assuming that when you hand off this loan to somebody to start processing it that you’re going to have your particular banker every step of the way sadly my first month that’s not what happens they’ll have a separate team for that they have a separate team for that so the first person who sells you that loan they’re out of the picture they get their commission and they go off and go sell another loan yeah and then your loan is sold you know it’s passed on to another team and it goes into underwriting well every underwriter they pass on to another person to another person so when you run into a glitch and you call your original person they’re like oh that’s not me anymore now it’s joe and kathy and susie so then you may be hunting down these people who they’ve passed it on to somebody else you never get the same person so consequently um when we have a closing date which by the way is a contractual obligation you’re obligated to close on that date and lenders don’t seem to understand that it’s a contractual obligation and so this is what i tell some of these lenders hello it wasn’t a suggested closing date it’s like underground it’s like under contract this is a legal thing yeah if we’re supposed to close march first you’re supposed to have it all done march first so we’ll get a call from the we’ll get a call from the lender oh good news we got the appraisal scheduled for the fifth like okay we gotta close on the first we’re closing on the first that doesn’t help me yeah so a lot of times you know that’s very frustrating so from the get-go i call these out of state lenders and i say order your appraisal today don’t order it two weeks from now because we’re never going to close on time because a lot this is another thing you should you should know out-of-state lenders have to contact an appraisal uh company of their own in-house and then they that in-house appraisal company says let me get you an appraiser i don’t know who i don’t know anybody in that area but i’ll get one from phoenix what a nightmare because the phoenix appraiser comes up here he looks at it he doesn’t know the press get back i don’t know the market they don’t understand i understand the market to do a decent appraisal that’s correct and i’m sure the same is true you can’t get prescott appraisers and go down right really i mean you gotta know you need to have somebody familiar with it yeah you need to have somebody local who really understands the market understands that that side street is really not a major highway which we’ve gotten that’s not a major highway um so you don’t have to you know detract you know at deduct a hundred thousand dollars that’s not a major yeah we’ve had one it was uh oh well the the comp was uh it’s a good comp but the comp has a view of the golf course and the subject property doesn’t okay the subject property overlooks granite mountain it’s a much better view so you know we try to advise of course we can’t tell you i mean that’s absolutely one hundred percent yeah he should pick the land and you’re right that’s your right to do that but when we gently try to guide you try to find a local lender there’s a reason for that we want you to close on time we don’t want you to arrive in prescott and your house has enclosed and your stuff is in transit in a truck and you have no place to move in yeah and it has happened it has it has happened and then suddenly you’re in a hotel for two weeks while you’re waiting for it to get out of underwriting because they didn’t go into underwriting until five days before your closing date yeah nobody’s going to get you out of underwriting in five days and get the appraisal done in five days it’s just not happening you’ve got sellers that are selling in the seller’s market that may or may not be that’s right uh they may not appreciate your situation yeah they want to close because they’re moving on to their next chapter so when we gently suggest please try a local lender preferably a mortgage banker not a bank like wells fargo or you know one of those uh yeah don’t go with a mortgage broker go with a mortgage lender a mortgage banker they will hold your hand all the way to the end because they don’t get their commission until you close so they are invested they are committed because they would like to get their commission and so keep that in mind it’s not to mind your business or tell you what to do and you know i appreciate you know every person i know who thought they had a great relationship finds out maybe not so much yeah and just to be clear most of the clients that we deal with um they are of retirement age yes and uh they’ve region reached a certain level of success most of them do have personal bankers yes so we’re not oh you know i have a personal banker your other clients probably didn’t know they all have a personal thing and it’s not the personal banker’s fault yeah they’re it’s just their process when you’re with the national bank they set you up they do the initial paperwork and then their process is to pass it on to the other parties and it’s not that they’re bad people yeah or you know well they’re dealing with their process it’s a very it’s a very tough situation at this at this particular moment uh some areas like the california banks are really struggling the northeast banks are really struggling uh we had a we had a broker in the midwest so we figured oh that’s okay she sourced it to a bank in california that was a disaster it’s it’s uh it’s a bad situation right now we try to ride shotgun with the lenders for our transactions for our buyers we don’t know all the ins and outs we’re not lenders we’re not right now we don’t do that for a living i mean we try uh the local people we use here they know how to run rough shot they know how to do it they know how to get it done and it’s best to absolutely let them do that you know your bank may or may not respond to a stupid realtor from prescott arizona yeah i can call my local lender and say hey we gotta is there hold up can you tell me what’s going on what can we help to facilitate so we can close on time and i can get that person right away we can communicate clearly effectively and get the job done whereas if it’s an out of state lender they don’t know me from a hole in the ground and they’re like oh i don’t do that anymore it’s passed on to this person and they can’t really we don’t have that kind of relationship so keep that in mind it’s not to mind your business it’s not to tell you what to do it’s just if you have a particular date in mind that you want to close you want to close and uh local lenders are the way to do it they really try hard and they try to make it happen they know the right and they know the ropes and they also know local appraisers that they can get in and get it done so i’d all share this recently we just had one and we were supposed to close on a friday and they called the day before and said can’t close on friday because that is actually lincoln’s birthday not president’s day the 21st lincoln’s real birthday was february 18th so in california we celebrate uh lincoln’s birthday so we can’t send out any wires yes evidently they only figured this out the the day before the day before on the 17th uh i don’t know if that was really the story or not that declared the holidays so it’s weird things like that weird things out of state lenders will have weird rules i don’t know california’s rule about lincoln’s birthday but apparently on february 18th they don’t send out wires in the state of california and they’re allowed to do that so yeah every day i learned something new and another good example is uh ordering out the appraisals it is a matter of course that uh lenders will order out the appraisal kind of when it’s clear that the home’s gonna inspect yep you know that it’s gonna get get past the inspection period that’s when they’ll do it too late you can’t do that now you can you got to order it right away and if you if that means the lender is going to have to eat the appraisal fee yeah that’s just the cost of it but here’s the thing they don’t eat the appraisal fee they passed on to you they said oh we can’t get the appraiser out so i hope you don’t mind instead of paying six or seven hundred dollars for your appraisal you now have to pay the expedited fee yeah twelve hundred dollars fifteen [Music] they can get it done overnight yeah but you’re gonna pay extra for that so try to go local we have everything local in-house we can get it done it’s nice and smooth and you know typically we close on time about 98 of the time uh out of state um it’s been i can’t promise you it’s been rough lately it’s been rough that’s all we can do is just tell you our experiences with this in the end the your lender choice that you that’s your choice 100 it’s your choice whoever you choose we will do our best to make sure that you close on time uh but we just wanted to share some of our experiences with you some other considerations you may want to yeah just be aware you may not necessarily close on time if you’re going out of state we can do as much as we can try may not happen for you we sure will try i love to nag it’s my favorite thing to do i call every day hey it’s the pickle lady again heard anything yeah heard anything heard anything remember the closing date is not a suggested date yeah we want to close on this day we’ve been struggling with this for the last several months so yeah so we want to share and you should know too because you know we don’t always buy houses every other year sometimes it’s been 20 years and you kind of forget so this is our knowledge we want to share with you absolutely take take away from it whatever you wish but we hope you listen to us [Laughter] more information you can check us out at pickle411.com that is our information site whether you are buy or seller somewhere in between information about lenders and all that kind of stuff about real estate i also got best restaurants to go to and press get things done i’ll love it i’ll live all of it’s there all of it we love to talk about a whole bunch of stuff yeah not all of it’s complaining about linda no that’s right very strong very small just a small percentage all right my friends you guys have a great evening and thanks for listening hope we taught you something new take care bye
If you have never been to Prescott or haven't made up your mind yet where you want to end up, then scheduling a non-buying trip to tour the city and see representative homes in the area is a great idea - and we'd be glad to help you with that. Just make sure we know what kind of trip you're on, because buying and non-buying trips are very different animals - which we discuss in this episode.
i’m going to change this up and say good midday good midday good midday good news good okay [Laughter] it’s crazy i tell you but anyway it’s been a long day sometimes when i film with him um but i am diane bro this is my better half cheese pickle eddie that’s right randall brown sidekick we are a husband and wife team here in the heart of prescott arizona we love to help people come here find their dream home just like we did several years ago we love it here and we embrace all people who come you guys will love it it’s just a really unique tale this is our way of telling you kind of what life is like that’s right you can find here what people do here that’s right all the good stuff so sometimes when people will call and they’re like hey i want to come in and let’s set a date great please first step always call me first or enter your appointment on our calendar um don’t just show up in an hour before say hey we’re here could you meet with us a lot of times i’m booked yeah and so i hate nothing more that i hate than saying i can’t meet with you because i’m booked up for the next couple of days so call me first we’ll put you on the calendar and then i may call you back or email you and ask a number of questions it’s not to be intrusive or nosey or anything else but it really helps me hone down on the home search the most important question is is this a buying or a non-buying trip and some people like well i don’t want that kind of pressure it’s not really meant to pressure you it’s just to help me if it’s a non-buying trip i will maybe just include a few homes a few neighborhoods and maybe try to select those homes that are vacant or you know no one’s there so that you know we don’t interrupt the owner too much yeah it’s also a matter of focus so if you know we understand that this is a pro a process and we have no problem with non-buying trips absolutely we’re just trying to figure out what you’re trying to achieve if you’re trying to buy a house we need to show you specific houses because you’re going to buy one that’s right if you’re not going to buy one you’re kind of thinking prescott might be the place to go but you’re not sure it’s not just about homes it’s about the city and what goes on in the city and the different areas we’re going to focus more on trying to find the areas that make the most sense for you rather than the specific homes that won’t be available when you’re ready to buy exactly i mean so for my non-buying buyers i say hey you know what i want to give you a sampling of all that the city has to offer so if you’re a golfer if you want social amenities let me focus on those neighborhoods and show you a couple of homes in there and then i’d like to give you a i call it a potpourri sampling we’re going to kind of go around and mix it all up and see all areas all different neighborhoods so you can kind of decide you know what i really love i really love stone ridge or i really love prescott lakes or i really love talking rock and that’s fine so the next time when you come back and it is a buying trip that’s all we’re going to focus on yeah if it’s a buying trip and you know hey this is exactly what i want i’ve already been there i want this then guess what i’m going to exclusively concentrate on those areas and try to find the best home that exactly fits your requirements it’s a lot of fun for me i enjoy it especially when i have bigger inventory yeah yeah um but we try super hard to find one that you will connect with yeah yeah we give you a sale if it’s a non-buying trip we’ll get you in a few homes just to kind of give you a sense of what different price points will buy you correct what kind of features are available whether they’re views or not what kind of architecture you know what style of home you know that sort of thing we’ve given you more of a feel rather than trying to fit you into a specific home right and we also tour you as well as we go along so whether it’s in prescott valley or prescott we point out all the major places stores etc so you really get a good education on what prescott has to offer and then when you’re ready and you come in to buy we’re ready to do it let’s let’s let’s hone in on that and let’s find that perfect place and let’s do it yeah so uh uh you know sometimes people are a little taken aback when i ask that question i’m really not here to make you feel pressured i am the worst i am not a hard sell i am the softest cell i think probably on earth um first of all i don’t think i have to do a hard sell i think prescott sells itself it’s a it’s a lovely town it’s gorgeous i think a lot of the homes here sell themselves i don’t have to force you to do anything and i would never do that anyway right that’s not who i am and it you know i just don’t believe in that everybody has to be here 100 and then it works out beautifully so when i ask you is this a non-buying or a buying trip don’t be like i’m feeling pressure it’s truly not meant that i’m trying to serve you better by figuring out exactly that’s exactly it so anyway if you hear from me and start asking you some questions don’t get nervous don’t get don’t get uh wigged out it’s just for me to kind of either make it a an intense day of finding you the perfect home or just a nice tour sampling the areas and so when you do make that final decision you’re ready to to to go in the air you want to go to yep absolutely so that is all so i don’t want you to ever feel pressured i’m not all about that i’m all about the soft sell and um just finding what’s you know touches your heart because that’s what it’s all about for me it’s an emotional decision as well as an investment but the most thing is what attaches what connects to you i should say what connects to you absolutely that’s more important because that’s the only way you know you have to be some place you want to be and then you’re super happy with your decision absolutely okay so if you need to reach us to buy or sell or anything else any other questions believe me i get questions all day long and i’m so happy to answer and help and where’s this and where’s that what about this and what about that give us a call at or you can go to our information site you can start at pickle411.com whether you’re a buyer seller somewhere in between lots of free information about real estate about prescott about prescott valley and yep uh restaurants and things to do and all kinds of stuff all of it all of it yeah very informative there’s a search bar so you can look for whatever that’s right you can just type in where to get your nails done yeah that’s true on and on and on exactly so anyway we hope to hear from you and thank you for listening have a fantastic day bye bye
What's the name of the town that has an ancient sacred gathering place with petroglyphs and precise alignments for the summer and winter solstices? Well, if you said "Prescott, AZ," then go to the head of the class, my friend - because inside the subdivision of Prescott Lakes there is a spot called Solstice Ridge you just have to see.
One of the things that surprised us most about Prescott was the quality of music here, and coming from New Orleans, our standards are pretty high. Of special note is the world-renowned classical guitarist Esteban, who is a local resident and performs locally at the historic Elks Theater. In this episode we recall his most recent appearance and what he has coming up.
hello hello peeps every time you say that it’s right in my ear hello peeps she’s the pickle lady i’m her sidekick we are in prescott arizona we sell real estate among other things we’re bringing you up what it was doing i think restaurants we do a lot of restaurants for you yeah but i don’t get it cuz i don’t get paid for that i don’t get paid for that that’s just pure joy for me yeah sharing every now and then we get a free drink that’s about it not really not really because we don’t do it in a location we should get a lot more than what we do i’ll tell you that much yeah but i i i’m gonna let that go because we just have so much fun talking about uh things here in prescott but here we’re not going to talk about things to eat on this episode we’re going to talk about things to listen to things to listen to something you should know here in prescott great great music scene an amazing music scene oh yeah and coming from new orleans we were like oh sure i’m saying a lot yeah that’s it a lot we’re from new orleans and you’re messed with the music that’s saying a lot we’re pretty impressed because we you know our our bar was pretty high i’m not sure let’s see and we went a couple of times i’m like wow that’s good a lot of good great local talent uh regional town we also get people coming up from phoenix yep all the time you know the the phoenix symphony comes up here and plays in the square they also play at yavapai community college we have a lot of local bands that play all the time on whiskey row that are phenomenal and then there are a lot of great cover bands who also come in play and we go see them at the elks theater one of them it’s not a band it’s one person yeah we’re we’re going to go see the carole king carol king tapestry tapestries the cover band yeah my personal favorite is actually a local resident by the name of esteban i love him i love him so i love him too yeah a world renowned uh guitar player and classically trained right classically trained by segovia segovia a lot of people kind of consider him to be the heir to segovia unbelievable what this guy can do with a guitar and he lives here in prescott so he has retired here yeah he plays only regionally now uh you know california arizona probably vegas yeah uh but he does a hand like two or three four uh concerts a year here right here at the right here else theater in prescott that’s right and we love it we always go one year we went for mother’s day and brought randall’s mom yeah and for me and we went and he plays with his daughter teresa yes who is an amazing violin amazing amazing and he has a great drummer yeah a great drummer the guy’s phenomenal uh at the last concert i think he did a couple of drum solos yeah had me just blown away and his daughter’s an amazing improvisation on a violin oh i don’t know that there’s a lot of people doing that no i mean you know theresa joy is her name so we go and as soon as he starts playing i always start to tear up just it’s just it’s just beautiful to hear a classical guitarist just very moving it’s just it’s just beautiful yeah and he last time we went he played 90 minutes straight because he also talks a lot about his personal life and how he got uh on this path and his journey and that’s that’s a lot of fun yeah very inspirational very inspirational and you know he talks about uh you know his life as a musician and tells stories and he tells him well is always funny he’s always funny so we highly if you’re a musical person uh you’ll love it here you’ll love it it’s a huge variety i think he mentioned in the concert that his son is going to be um i don’t know how permanent or how often that’s going to be that’s right the basis yeah but yes it basis and so uh i look forward to seeing that yeah so he’s going to do another concert april you’re thinking about visiting and you’re here april 9th make sure you check him out yeah grab a ticket just one it’s a wonderful evening and then go have a nice dinner yeah it was really we did it for valentine’s he is a treasure and he like the rest of us here have totally embraced life here in prescott and what prescott represents and uh enough that he retired here yeah that’s right so we take that as a big shot in the arm so thank you esteban and thank you for all your beautiful concerts absolutely they touch our heart all the time we love it yeah he did uh he did a rendition of norwegian wood which is the beatles song that uh they have the sitar that george harrison so he kind of did this sitar thing which i mean no offense to george harrison but oh my god it was amazing it was always a guitar like how did you do that i think it was making sounds he didn’t think a guitar could do but yeah it was uh it was amazing that’s what that’s what that sounds a little weird excuse me that kind of twangy sound that sits do i don’t know how he managed to do that it was cool it was cool anyway so if you’re coming here no you’ll have a lot of entertainment you’ll love it here okay thanks and if you need to find out more information you can reach us at or our website pickle411.com is the place to start whether you’re a buyer seller somewhere in between lots of free information informative about real estate about prescott about life about wisdom some wisdom someone’s the best of we the closest we can get to where’s a little bit of work a little bit all right thanks for listening have a great day bye
This time we celebrate great BBQ and a great extension of Prescott's traditional nightlife scene, Whiskey Row. Come check out the local Colt BBQ chain in our latest restaurant review... and always take the rich option whenever possible.
thank you for all your support it means the world to us every time you watch every time you watch we get that one click and we love it yeah yeah that’s our that’s our fan base another restaurant today we’re picking up colts colts yeah you know we’ve gotten a lot of feedback from people who say yeah honestly one of our favorites is when you guys talk about restaurants and i’m like wow well we are foodies um we do go out and socialize a lot we have a lot of fun doing it yes we do and so we are happy to share our restaurant videos with you [Music] which means my many friends many friends there you go hopefully so uh yeah so today we’re talking about colts colts is kind of a local chain they have a number of locations i think they started in cottonwood or something i think there’s been a location in prescott valley now for a few years yeah and uh we just i don’t know i make really good ribs yes so we don’t there’s a pretty good yeah so we don’t go out for barbecue all that much usually when we’re in the mood for barbecue i make i make ribs um so we’ve been hitting the barbecue scene some friends called us they wanted to go and we did and it was amazing it was a really good it was amazing um fantastic barbecue but what we’re most excited is colts has now come right into the heart of prescott yes they are yes they are they’re right past uh whiskey road well i they’re clowning they’re still on biscuit that’s right so the whole thing about whiskey row is uh no no one’s quite sure if it’s one block or two yes uh there’s one block that has always been whiskey row and there’s always been a second block where you know we’re we’re a risky road too but it really hasn’t caught on we’re hoping that colts makes kind of tips the scale tips the scale uh and bringing it to that second block so that whiskey row becomes a two black entity it needs to be a two block so much fun such a good time yeah but uh colts is right there on the corner of montezuma and montezuma and goodwood [Music] delicious delicious turkey sausage yeah brisket their brisket is different it’s amazing ribs they have a selection of barbecue sauces oh yeah that’s what i love about them yeah there’s like an apricot sauce that’s really good the traditionals are really good different amounts of heat depending on what you’re looking for bring the heat now bring the heat i like the heat yeah i like a few of them so i like to kind of mix it up a little bit the brisket is outstanding the brisket is and you need to die yeah you have an option of either lean or rich oh yeah yeah what do you think that’s what i have yet to try the lean so for those of you who are being good yeah i don’t know why you may go to colts if you’re going to be good but we know somebody maybe somebody’s forcing you to go to colts and you really want a healthy option so get the lean brisket don’t we go all yeah we do we do so that uh yeah the sausage was good the ribs were good yeah all of it uh the bar is really good they’ve got a number of their own um creations yep um i can’t remember did i have i had a huckleberry huckleberry’s huckleberry something yeah i don’t recall too much because i had several of them uh some kind of bourbon with uh maple or something in there i forget i don’t know it was all good it was good it was all good yeah their their cocktails are really good so if you’re coming here for a visit or if you’re living here uh make sure you try colts either in cottonwood prescott valley or right here on whiskey road it’s a good time and it’s it’s got a nice little atmosphere too yeah yeah we enjoyed the line so shout out to colts we love you and we love that huckleberry oh yeah it’s good good good stuff so give us a call or look us up at pickle411.com are all kinds of restaurant reviews on uh you’ll find there yeah that’s our thing that’s a thing and lots of uh but if you’re looking for events if you’re looking for information about real estate uh it’s all there it’s all free and it’s all we covered them phenomenal we covered all people who do it or just they’re just yeah sometimes you know sometimes people don’t connect with us i’m okay with that most of the time that we have a ball we do we like sharing all of our knowledge that’s right with you yeah about life here that’s euphemism knowledge i’m not sure it’s all just knowledge not not exactly but we try it’s malarkey we try all right nice seeing you today and have a great rest of your day bye