
Videos
Prescott by the Numbers – August 2020
In this month’s Prescott Home Value Report Summary Video, we discuss how the Prescott market is beginning to moderate – even as prices continue to rise… Crazy!
Click Here –> Get Latest Pickle Reports
To get the Full Home Value Report,
the Latest Home Comps, and
Top 100 Subdivision Snapshots,
Click Here –> Get Latest Pickle Reports
Real Estate Twilight Zone
We've been getting lots of questions about homes in Prescott that are "Active with Contingency." It's a state of nature that can only be found within the confines of the Prescott-area MLS. In this episode, we explain this eerie twilight state and how it came to be.Video Transcript
peeps out there hello peeps cheers to
you
can you see my lady yeah we got our
green screen ready coffee mugs now yes
won’t bore holes into us anymore that’s
right although i’m wearing green stripes
i think you’ll be okay
we’ll see we’ll see we’ll see
today we wanted to talk about something
that we get a lot of phone calls about
and it is
i think this house is still available it
says active with contingency
with contingency it’s really kind of the
bane of our existence it really is all
right so so just to be clear there’s no
such thing
as active with a contingency that does
not exist that’s like saying
dead and breathing
that’s a contradiction of terms you
can’t have a contingency
unless there’s a contract right and if
there’s a contract it’s not active it’s
not active
um so in the olden days this used to
just be called plano pending
and everybody knew what that meant it’s
under contract and sometimes they put in
there uh we are taking backups but
essentially was a done deal yeah now
they’ve changed it you know we can still
use pending occasionally but it’s a cash
deal and they know it’s going forward
yeah so just to be clear what this is
about is a complete screw-up
uh on our uh a local association
they redesigned the menu pull down
i have been doing computer programming
since i was in eighth grade
and i have never seen menus so poorly
designed and create more confusion
than these it is confusing it’s um i
think they had the best of intentions
they did they did but it doesn’t
translate well yeah so let’s talk a
little bit about what the reality is
like what what are the different
statuses
of a contract in real estate so
it’s not complicated either it’s active
on the market right or for sale yeah for
sale
or it’s pending which means there’s
contract yeah that’s right it’s either
active or compended or pending right and
that’s kind of it
uh so it used to be you had active you
had pending and you had pending taking
backup
meaning we already have an offer but if
you want to put in a backup offer you
can do that yeah and everyone understood
that it was pretty simple it was pretty
simple
uh there is another another shade of
this and that is uh
pending but there’s a buyer contingency
so if there’s a buyer contingency and
you have
say a cash offer or an offer without a
contingency that’s right uh you can
knock out that’s right the offer that’s
there you you can approach the seller
and the seller has the option of uh
telling the current buyer with the
contingency look you either either have
to get rid of the contingency or you’re
out and you can take your owner’s money
that’s correct so i guess what par was
trying to do
was to let people see if if there was a
contingency if there was any opening
yeah that you might wiggle in yeah and
so really all they had to do was add
pending with contingency yeah uh and
instead they created active with
contingency which as i said is a
contradiction in terms
and instead of just putting it all on
one drop down menu they’re two drop down
yes uh so you have to check the other
one i it’s it’s oh my god it’s um it’s
pretty bad
so active with contingency essentially
means pending yeah
and and actually it means it needs a
little more than that right now very few
people are taking contingencies so if
you if you see active with contingency
essentially that means pending with a
backup
right you can’t you can’t take a backup
and you can’t set it in mls so if you
want to you’re the listing agent and you
want to accept backups you have to call
it active with contingency and there’s a
separate field i forgot what the
separate field is and it will say take
it back up so take them back up the only
way you can say pending and sometimes
thinking back up is using this crazy
active brand and sometimes it will
indicate uh buyer contingency which you
kind of gives you to go ahead like hey
if you guys have cash we might be able
to wiggle in here which is that’s kind
of nice to know yeah
so if you consider think about
active with contingency just translate
that in your mind it means
pending taking backup essentially and
you can check the other field to see if
there’s a contingency involved right now
they’re they’re basically they’re really
aren’t yeah
no one’s accepting contingencies
um especially buyers contingencies
absolutely not you know what i mean it’s
just it’s too hot of a market friends
there’s something something about
having something in print
on a website though
that people think it’s real yeah whether
it’s zillow or it’s this active with
with contingent well it says active with
contingency well let me explain with
that but it says i know so don’t get
confused although it is confusing it’s
very good um just take it to me it’s
pretty much pending and
that door is closed yeah
yeah well unless you want to put in a
backup offer yeah you can always do a
backup offer and of course if you are
cash and it has a uh it does have a
condition you know yeah then you might
be able to then you might be in there
but that happens very few and far
between yeah and when you see the you
know hundreds of
pending uh
contracts uh uh transactions
that all say active with contingency
what is going on in prescott yes what’s
going on is they have people in charge
of menu design that really just kind of
don’t know
and uh you know it’s everything here is
pretty much sold sold sold so yeah
so if you get in here and you want to
put an offer in make sure your house
number one is at the very least on the
market number two it’s even better if
you have a contract on it with a firm
close of escrow and number three the
best of the best would be if you’re
already sold and closed and you’re ready
to move forward then you get in here you
see something get that offer in toronto
yeah pronto because time is a wasting
something to be said for for backup
offers too although it’s gotten better
uh when the market really started
getting crazy we saw a lot of
transactions falling out
and the the number of transactions that
are falling out of uh out of escrow is
still higher than it normally was right
but it’s it’s it’s lowered quite a bit
but still you know backup offer might be
a good idea
so don’t let that throw you we will find
you one we will hunt down one that
doesn’t say active with contingency
that’s right that’s just plain old
active no active and ready to go and
we’ll make it happen for you as
hopefully as quick as we can
so uh anyway come on in come visit us
uh you can reach us at
at an 713-302-1964 we’ll spend a great
day going all around town looking at
some great properties and hopefully
we’ll write a contract for you on an
active property on an active property
you can also find information at
pickle411.com
that’s right our website whether you buy
or seller somewhere in between all kinds
of free information
very useful yeah check out pickle411.
411.com cheers to that
okay everyone out there have a great
rest of your day
and uh i hope to see you soon bye
Egghead’s Delight
Prescott is smarter than your average small town, and true to form it boasts a most delightful bookstore right downtown. If you love books, you won't want to miss it. Hear all about it in this week's episode.Video Transcript
Love Letters
Buyers desperate for a home often like to send the sellers a "love letter," explaining who they are and why they love the home. If you've ever received one, then you know how touching these letters can be. Unfortunately, the powers that be have put the kibosh on them, so they're going away. In this episode, we explain why.Video Transcript
Prescott Hats
When you get close to the sun or out in the cold, sometimes the most important thing is what's up top. In this episode, we discuss Prescott's affinity toward hats and demonstrate how they work for some but not so much for others.Video Transcript
The Big Picture
Part of starting a new life in Arizona is making space for pieces of it in your home, and if you have the wall space for it, we know just the thing. Come check out our own ginormous new addition of Arizona spirit that just couldn't be more beautiful.Video Transcript
Prescott by the Numbers – July 2020
SPECIAL REPORT:
Why Prescott’s Real Estate is So CRAZY Right Now
Record low inventories, bidding wars, waived appraisals… Why is all this happening, and will it last?
In this month’s Prescott Home Value Report Summary Video, we continue our special report that shows exactly what the issues are, what’s likely to happen in the months ahead, and an early sign that things are going the way we expected.
Click Here –> Get Latest Pickle Reports
To get the Full Home Value Report,
the Latest Home Comps, and
Top 100 Subdivision Snapshots,
Click Here –> Get Latest Pickle Reports
Doner Stand at St. Michael’s Bistro
From the people we love at St. Michael's Bistro on the corner of Whiskey Row, comes a little offshoot window you might be likely to miss... Don't! They serve an obscure Turkish treat out of that little window you do not want to miss. Find out all about it in this episode.Video Transcript
Event Calendar – August 2021
Voting With Your Feet
The power of voting can be a lot greater than you think, especially when you do it with your feet. In this episode, we discuss the latest trend sweeping the nation: the Great Reshuffling – and why you might consider hopping aboard.
Video TranscriptCounty Seat
In the episode we explore yet another great Prescott restaurant located atop one of the town's historic buildings. Great views, great atmosphere, and good eats. Come check it out.Video Transcript
LA is Alive Again
LA is finally back open, and taking advantage of the direct flight out of Prescott makes for an easy and fun trip. In this episode we share our adventures among the recently unmasked and give high praise to Prescott's brand new airport terminal.
Prescott by the Numbers – June 2020
SPECIAL REPORT:
Why Prescott’s Real Estate is So CRAZY Right Now
Record low inventories, bidding wars, waived appraisals… Why is all this happening, and will it last?
In this month’s Prescott Home Value Report Summary Video, we continue our special report that shows exactly what the issues are, what’s likely to happen in the months ahead, and an early sign that things are going the way we expected.
Click Here –> Get Latest Pickle Reports
To get the Full Home Value Report,
the Latest Home Comps, and
Top 100 Subdivision Snapshots,
Click Here –> Get Latest Pickle Reports
Buyer Advisory
Buyers are often unaware that there are many things that sellers and their agents do not have to divulge to you… and questions you may have that even your own agent is not allowed to answer.
In this episode we reveal what these things are and where you can find the answers you need.
Download the Buyer’s Advisory at…
https://prescottpicklelady.com/buyers-advisory/
good morning good morning
pickle peeps
diane and randall bro here um we are
here to really give you um
what do you call it dianne’s rendition
of mr rogers
well um that’s that that’s not mr rogers
it’s kind of like mr rogers
it’s just i sing a lot in the morning
she does she’s a morning singer
yeah easily identified
you don’t need one of those apps to tell
you you know what bird is that
no you’re pretty easy that’s right it’s
me don’t have a good
to sing it to the pugs don’t have a good
voice but i sure try
yeah she does i like to sing with a
happy heart happy heart
not always happy at least she’s that way
in the morning
i i try to start off in a position to
start off on a positive and positive
thing
um today though we are talking about
something pretty important pretty
serious
um that you should know when
you are coming in town every time we
meet people for the first time
we always have them uh sign off that
they have received
a buyer’s advisory guide because we
actually because we have to
yeah correct it’s a state thing and it
is put it’s a document that’s made by
the state
right and we have to give you a copy of
that
and we have to be able to demonstrate or
prove
that all of our buyers have had it and
you received it
you know they’ll come inside we could be
on it mr and mrs jones show me where
they’ve signed up so one of your papers
when we meet is you
sign off saying yes thank you i did
receive the buyer’s advisory guide
and you may ask what is the buyer’s
advisory guide we give it to you you put
it in your folder
don’t ever lose that it is so important
it is a huge
wealth of information something you may
not know about realtors and people just
kind of take it for granted that you
should be able to tell us that
we are not necessary we are not allowed
to discuss uh politics or what the
politics of the town are
religion family whether this is a family
everything they got a lot of a lot of
things
you really kind of have to do your due
diligence
on your own because there are things
that
we can’t talk about right there are
regulations that you know keep us from
doing that
and we got to be really careful about
things like that because there are
people out there that will try to sue
you
purposely trap you and then turn around
and sue you
so it’s not all about just achieving
fair housing it’s about avoiding
litigation
right for people who are out there to
get you so it’s
well that’s a little heavy yeah it’s a
little bit i don’t think it’s that so
you know
no it’s not that prevalent but it does
happen we’re under obligation
uh we have to follow fair it is you have
no idea
fair housing practices yeah and we are
very very strict about that
so there are a lot of things too that uh
sellers are not
obligated to tell tell us tell you
either right
and one of these and you guys may not
believe it changes state by state that’s
another thing you should realize
real estate laws change state by state
in the state of arizona
we as agents and the seller we do not
have to disclose
if a murder happened in a home yeah or
someone died
if there was a suicide if um
you know someone was sick with hiv or
aids
we do not have to nor does the seller
have to disclose that our state does not
make that a mandatory
disclosure sex offenders sex offenders
that’s up to you
right it’s very important for you as the
buyer
to take advantage of that buyer’s guide
and do your due diligence
yeah that is your time to do your
homework your 10
or 15 day inspection period is not about
just getting the home inspected it’s not
about just getting a termite inspection
it is very much about those things but
also
doing this extra homework looking up
crime rates
looking up if there’s a sex offender
looking up if you’re being
if your neighborhood is next door to a
super fund
site uh looking up all those important
things that’s also part of your due
diligence
and you have to do that during your
inspection period and you have the lace
inside the buyer
advisory that will send you to online
places where you can look those
absolutely it’s filled all kinds of
websites
super easy you know you can find
whatever you need and look it up
and it will answer all of those
questions that you may be having
but that we sometimes are precluded from
discussing you know what i mean as as
licensed
agents so it’s very important uh
do your due diligence especially during
your
inspection period that’s what that time
is to be spent doing
right talking about your neighborhood
your neighborhood i’ve been meaning to
upload
the latest copy of the buyer advisory to
the website so you can just download it
there
and i’ll do a link on this one as well
absolutely
it has so much information there uh
anything that you have a question about
you can find it answered through that
buyer advisory guide
so anyway i want to share with you how
important that is don’t throw it away
it may come in handy one day and
a lot of that is part of your homework
during your due diligence period so take
advantage of it
so that is our tip for the day check out
your buyer’s advisory guide i actually
just checked mine out the other day i
had to look up something like hmm
it’s fascinating and i was like wow it’s
a surprise ending
and i could find it who done it who done
it
you name it if you have it’ll tell you
all kinds of info
info all kinds of info all kinds of
crazy crazy stuff
yes all right yeah and you can also find
lots of crazy stuff
at pickle411.com which is
where your information source or
search should start uh whether you’re
buy or sellers somewhere in between
lots of free useful and fun information
absolutely including buyer including the
buyer’s advisor
for the more heavier questions you may
have and we may not be able to provide
those answers
we want to give you the answers so we
will forward you to the buyer’s advisory
guide
absolutely all right friends that’s our
tip for the day
pull out your buyer’s advisory guide
start your homework
all right have a good day bye
Ladies’ Services
- V&B Nails              928-541-9521
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- Skin Car – Zofia        928-713-8374
Fast Food
There’s nothing like a fast food fix. If you have a hankering, chances are that Prescott can deliver.
In this episode we cover the Top 5 “Gotta Have” fast food places available in Prescott.
BTW: There is a Wendy’s in Prescott Valley.
Prescott by the Numbers – May 2020
SPECIAL REPORT:
Why Prescott’s Real Estate is So CRAZY Right Now
Record low inventories, bidding wars, waived appraisals… Why is all this happening, and will it last?
In this month’s Prescott Home Value Report Summary Video, we provide a special report that shows exactly what the issues are and what’s likely to happen in the months ahead.
Click Here –> Get Latest Pickle Reports
To get the Full Home Value Report,
the Latest Home Comps, and
Top 100 Subdivision Snapshots,
Click Here –> Get Latest Pickle Reports
Stupid Tax
A stupid tax is a tax you don’t have to pay if you’re smart enough to avoid it. Right now in real estate, across the country, people buying homes are pulling out their wallets to pay up – bidding up the price of homes well beyond what anyone thinks they’re really worth.
In this episode, we cover what we’re doing in the trenches to help our clients avoid paying the stupid tax.
there diane and randall bro here
arizona prescott arizona baby yeah we
are the pickle lady brigade
and uh today’s topic that we’d like to
talk about is called what randall
stupid tax that he calls it the stupid
tax well stupid tax
is any tax that if you’re smart you
don’t have to pay it
so lottery tickets you know that’s a
stupid tax
yeah yeah but spend a lot of money on
lottery tickets
that’s you’re essentially paying
attention yeah that you don’t have to
pay it’s a stupid tax
so we wanted to talk about right now um
it’s it’s occurring
all over the united states uh everyone
there’s hardly any inventory homes are
flying off the shelf
that’s true across the nation most areas
they are running on average it’s about
one-third
the level of inventory uh the
usual inventory is about what’s
available now
right and that’s about where we are we
usually pretty crazy
yeah we usually have about 1200 homes
right
that are fascinating to pick from at any
one time and now we have
about 400 about 400 and 400 homes
covering
all price points yeah all price points
so that’s
very very small yeah very few so it’s
making it hard
and so people have perhaps sold their
homes they’re desperate to get in
uh to a home and they’re willing to win
a bid at
any cost so what we’re seeing a lot of
is people are
waving appraisal contingencies uh people
are going in
way over ask which we never had before
yeah
areas like california right and that’s
new to us uh
crazy over list price uh probably
started happening uh you know maybe a
couple of months ago it just
sort of started we started
people started coming in uh at ask and
then it increased to five thousand over
ten thousand over twenty thousand
now we are seeing things going in over
fifty thousand yeah recently we lost a
bid
uh someone came in over a hundred
thousand
over ask it’s kind of scary people
yeah especially if you’re waving
appraisal contingencies
um a lot of our clients if we get into
that point it’s like you know what it’s
time to stop
we don’t need to keep throwing money
just to win
yeah you have to be careful what you
might win right
you might get in a position where you
have grossly overpaid just to win
and you don’t always want to be a winner
in that kind of situation
well the first thing you need to
understand when when you’re getting into
one of these bidding wars
is what is the property really worth
the list price is not always the fair
market value
uh some agents intentionally price high
others intentionally price low some
really
don’t have any idea what the home’s
worth and they just kind of price it
maybe where the seller wants to price it
so
the first thing you need to understand
is where where is the list price
in comparison to what the home’s really
kind of worth
and if you understand that
then you know we’ll tell you what that
number is we’ll show you why we think
that is
and it’ll be up to you i mean if if we
think that you know you need to go at
least fifty thousand dollars
uh over this price to get this home and
we’ll tell you
how far above the market you know the
market value that
is uh we’ll tell you yeah that says you
can safely go there
yeah and still yeah retail value you
know here’s the list price
here’s where we think the market is you
might be able to get it to appraise a
little higher than that
you know but i mean if you’re competing
with someone who’s willing to pay a
stupid tax if you don’t pay the stupid
tax which is money that
the home’s basically not worth that if
it’s your dream home and you
absolutely have to have it you
absolutely have to have it now
that’s the price and it’ll be up to you
whether you want to pay it or not
but we will give you sound advice yeah
we’ll we’ll tell you okay
where you should go probably flushing
about 50 grand
you know and if it’s worth it to you to
get that house now
then you can go ahead and pay that but
just know that it’ll be
at least a year before the uh home
appreciates enough
catches up catches up with what you pay
so
we here at the pickle lady brigade try
to keep it real
try to keep it honest um we really will
guide you
not to go too far um if that is where
you want to go
and you’re willing to take that risk and
yeah that’s up to you if that’s up to
you of course
uh but i wouldn’t call that a stupid tax
i mean if you know what you got what’s
stupid
is when somebody comes in the home’s
already overpriced
and they just oh 100 you know they have
no idea what they’re doing
and then usually what happens is they go
under contract with this crazy offer
and then during the inspection period it
falls off because either they come to
their senses
or they write some numbers or they just
get cold feet
so right so just something to keep in
mind
we don’t want to bid something up just
for you to win that you
may regret later like wow i could have
used that cash maybe to travel the world
yeah but now i’m kind of strapped in
this house
or buy a car or you know if that’s your
deal and you don’t care
we’re happy to do that too but we will
give you sound advice
and tell you where you should go and
where we think you should
land and uh if and if we don’t win
and we get outbid we’re going to keep
keep trying for you and uh we’ll make it
happen
yeah a lot of uh people are saying oh
you you can’t find me at home
here’s the thing this woman is
particularly good at finding great homes
that are available
and tight markets like this it just
takes her longer
uh we might have to make more offers
before we get one for you right
but you know usually we could get
someone in a beautiful home at a good
price within
a week now it might take three or four
weeks
right we keep searching we keep our ears
open
we all work together uh sometimes we’re
uh find a house we want to get the offer
in right away
uh one of our we’ll be back home hey
start writing it up so we can meet some
of the other people
we try hard yeah we try hard we move
fast
speed to lead or you know speed speed is
very important
uh to make sure that you get the best
possible deal absolutely
we’re like little commandos little
commander jumping on them
always ready to attack yeah yeah in a
nice way
yeah and win yeah we’re here to win the
war that’s right
we don’t want to lose the battle we will
win the war ultimately
it might take us a while but we’ll get
there especially in this market
so keep that in mind uh how much
victory yes we avoid the pirate i avoid
the pirate victory
yeah so cheers to that all right
have a wonderful day nice to see you
well i don’t see you but
nice for you to see us yeah well yeah
maybe
we hope it’s maybe i don’t know we hope
it’s nice it may be the bane of their
existence we don’t know they might be
like oh god
they are again skipped get them off
x out of that one yep i get it i
understand
no hard feelings no hard feelings no
hard feelings we’re just here to share
share our wealth of information
that’s up to you if you want to hear it