Buying and Selling homes is a Serious, Sterile, and Intense Process – NOT!!!
You know, the NASA space shuttle re-entry is pretty intense and it works better that way.
But real estate in Prescott is just another fabulous part of life. I think there is a state law that requires that you relax and have a good experience. You aren’t allowed to move here unless you fail a stress test and know some good jokes to tell at the office. We are all good shoppers. There is a ton of information on the net about every subject known to Mann, and then some!
So, why not take some time to remember why you chose to live in Prescott in the first place? Here are some relaxed reasons to ponder:
- We have perfect weather– it actually snows once in a while, get the camera because it will be gone quickly. Fall and spring are long and gradual and summer is almost never 100º F (average 18 degrees cooler than the Valley of the Sun).
- Prescott is a mile high, has no smog, lots of trees and terrain. Phoenix is a desert, Prescott is in the mountains.
- People are so grateful to live here, ask around town.
- Prescott has lots of culture, music, and events downtown - car shows, craft fairs, dancers, performers, museums, and lots of exciting things to see.
- There are dozens of hiking trails, OHV areas for off-road, camping, 6 golf courses, and shopping malls.
- Lots of room for your horse, fabulous winding roads for your Harley, the Grand Canyon is only a gorgeous two and a half hour drive, Lake Powell is three and a half hours away, Flagstaff (Route 66) is one and a half hours, Scottsdale is one and a half, Jerome is an hour and a million acres of national forest is just down the street.
Live it up - You're in Prescott!
Don’t follow the Crowd
Now, as far as real estate in Prescott goes, be smart. Don't follow the crowd.
News is sensational by nature, it sells more papers that way. People tend to believe something after being pounded with it over and over and these headlines have a substantial effect on the stock and real estate markets. As of early June, 2007 the headlines paint a gloomy picture for real estate nationwide. New home sales are down, resale prices drop 2%, blah, blah.
Actually, there is always a bright side to real estate and all you need is basic skill in arithmetic to prove it. From 2002 to 2005 real estate values in Prescott doubled. Yes, that means a 100% increase. To capture all of that increase you should have owned a house in 2002 and sold it 2005. For the most part, people were buying houses during that time and sellers were waiting for the extreme peak of value. They waited so long in fact that prices started to drop and then they said, “Oh my, we better sell now”. Too late, guys, your peak has passed and nobody is buying anyway. The moral of the story is don’t follow the crowd, do what other people aren’t doing.
In real estate when buyers are everywhere but nobody is listing their home for sale, sell. When the market is flooded with homes, like now, and buyers are scarce, buy. If you want to have your cake and eat it too, buy a 2nd house. Maybe give it a paint job or a remodel and sell it when the market takes off. Then buy another home when the sales are soft. Pretty easy math really and, unlike the stock market, almost nobody loses their shirt in real estate.
s an added bonus, you can park your life in your latest project. Live right in downtown Prescott or get some acreage out of town and raise Alpacas or ride your horse.
Live it up - You're in Prescott!
About the Author:
Craig Mann is a local ERA realtor. If you have questions, you may call him at 928.899.4528. Alternatively, you can visit his web site .
Editor's Note: Do you have an area of expertise that other people would be interested in? Are you interested in becoming a Citizen Reporter or a Guest Columnist? Send an email to
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and let us know! And in the meantime, a big thanks to Craig for today's column!
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