Prescott's Best Homes Real Estate Blog

May 10, 2022

How to Budget When Buying a Home

Saving money to buy a home 

 

When you're buying a home, there are many things you need to consider in your budget. Many expenses can add up quickly, from the down payment to closing costs. (Tip: This is where a realtor makes life easy for you, tap into their knowledge and experience to know what to prepare for!) Being prepared with your budget is vital when buying a home.

 

If you're not sure where to start, here are a few tips from experts:

 

1. A Down Payment

 

The first and most apparent expense you'll need to budget for when buying a home is a down payment. How much you'll need to save will depend on the price of the home you're interested in and the type of mortgage you qualify for, but typically, you can expect to need at least 3-5% of the purchase price.

 

The National Association of Realtors (NAR) says:

 

"One of the biggest misconceptions among housing consumers is what the typical down payment is and what amount is needed to enter homeownership. Having this knowledge is critical to know what to save . . ."

 

2. Earnest Money

 

Earnest Money are funds you pay as a show of good faith when you make an offer on a house. This deposit works like a credit. You're using some of the money you already saved for your purchase to show the seller you're committed and serious about their house. It's not an added expense, it's just paying some of your down payment up front. 

 

2. Closing Costs

 

In addition to your down payment, you'll also need to budget for closing costs. Closing costs are the fees associated with finalizing your mortgage and purchasing your home. These can vary depending on the lender you use and the state you're buying in, but they typically range from 2-5% of the purchase price.

 

3. Moving Expenses

 

Once you've purchased your home, you'll need to budget for the cost of actually moving into it! This can include hiring professional movers, renting a truck, and buying packing supplies. Depending on the distance you're moving and the size of your home, this can cost anywhere from a few hundred to a few thousand dollars.

 

4. Home Repair and Maintenance

 

Finally, you'll need to budget for ongoing home maintenance and repairs. Your home may be move-in ready, or it may need some TLC. Saving money for things like painting, landscaping, and cleaning are important.

 

Buying a home is a big financial decision, but if you budget carefully, it can be a very rewarding one! Knowing what to budget for in the homebuying process is essential. By taking the time to save for a down payment, closing costs, moving expenses, and repairs and maintenance, you'll be in good shape to become a homeowner. To make sure you understand these and any other expenses that may come up, give me a call and I can help you on what to expect when you buy a home.

 

John Gorden
(928) 308-0101

Posted in Buying a Home
April 19, 2022

Horses Love Living in Prescott

Horse properties in Prescott

Prescott is Great For Horses

Prescott offers miles and miles of trails for you and your horse to enjoy, but it also provides an incredible variety of equestrian communities and properties to give them a place to call home. Prescott takes loving horses to a new level. 

Below is information on some of the equestrian communities in the Prescott area. Although this isn’t an exhaustive list, there are numerous areas in the quad cities of Prescott, Prescott Valley, Chino Valley, and Dewey-Humboldt that offer spectacular horse properties.  

See this list of available horse properties in the Quad Cities here.

Prescott Prairie, Prescott Valley

Prescott Prairie in Prescott Valley, Arizona, is located on the north side of the Coyote Springs community near the base of Mingus Mountain. Prescott Prairie offers a peaceful country lifestyle with all the amenities of city life. This upscale community provides newer custom site-built homes in a private neighborhood. The minimum acreage in this community is 2 acres, so you have lots of room for horses, gardening, or a guest home.  This rural community is conveniently located only a few miles from schools, shopping, and dining in Prescott Valley.  

There are still multiple lots left to choose from for you to build your dream home. The tremendous surrounding mountain views, paved streets, and underground utilities are just a few reasons people fall in love with this community.

Prescott Prairie Properties For Sale

 

Prescott Ridge, Prescott Valley

One of the premier locations in the Prescott Valley area is the gated community of Prescott Ridge. This beautiful development is surrounded by spectacular daytime vistas and nighttime starlit skies that take one’s breath away. Featuring 10 to 54-acre parcels, which are covered by juniper trees and pinon pines, you can choose between open spaces of land for sale as well as secluded/private lots.

Prescott Ridge is a fantastic location for horse owners or someone searching for that little piece of paradise for their new home. This upscale gated community also offers underground utilities, paved roads, value protecting CC&R’s, and horse privileges.

Prescott Ridge Properties For Sale

 

American Ranch, Prescott

American Ranch is a prestigious community located just a few miles north of Prescott in the Williamson Valley corridor. This popular World Class Master Planned Equestrian Community neighbors the Prescott National Forest. There are approximately 240 homesites in the American Ranch community. 

Homes are custom built, and they take advantage of the breathtaking mountain views and sit on 1 to 5-acre parcels. Residents enjoy a $3 million Equestrian Center, fitness/exercise center, outdoor heated pool, spa, tennis, basketball, and a catch and release bass fishing lake!

American Ranch Properties For Sale

 

Coyote Springs, Prescott Valley

Coyote Springs is on the north side of 89A, north of Prescott Valley. Coyote Springs is a rural community with a minimum of 10 acre homesites. Homes in the Coyote Springs Corridor are within minutes of schools, shopping, the Prescott Valley Event Center, and the new Yavapai Regional Medical Center East Campus.  

 

Coyote Spring Properties For Sale

 

If you need more info, tap into my experience. If you would like more information, let me know, I would love to help you out! I love Prescott and all it has to offer.

John Gorden

(928) 308-0101

 

Posted in Prescott, AZ
March 16, 2022

Growing Prescott Valley Subdivision

Granville Subdivision

Granville, Prescott Valley, AZ

 

Granville is a thriving community on Glassford Hills Road in Prescott Valley, Arizona. This growing community has large homesites and incredible amenities, including a fabulous clubhouse, meeting rooms, total gym, parks, tennis, basketball, pool and spa, and trails. Granville is just a couple of miles from the new Yavapai Regional Medical Center East Campus, schools, shopping, and dining. The Granville Elementary School is located in Granville. Hikers are lucky; the Iron King Trailhead is located in this popular subdivision.

 

 

>>View Homes For Sale in Granville

 

 

 

 

 

 

 

About Prescott Valley

 

Prescott Valley, Arizona, is a family-oriented community that sits at an elevation of 5,000 feet and is located 85 miles north of Phoenix.

 

Strong in economic development, the community attracts retailers and restaurants such as Kohl's, Dick's Sporting Goods, T.J. Maxx, Sprouts, Culvers, Chick-fil-A, Buffalo Wild Wings, and a host of independent food and shopping choices.

 

There is no shortage of places to spend your leisure time. Attractions such as Fain Park, Mountain Valley Splash Pool, and special events such as Prescott Valley Days, Balloon Glow, or the Christmas Valley of Lights will keep you entertained all year long.

 

Families and retirees have chosen to buy homes and relocate to Prescott Valley because of its strong work ethic, quality educational system, family values, and great year-round weather. Can you tell that we love Prescott Valley?

 

About BloomTree Realty

 

When you hire a BHGRE Agent, you are not hiring just one agent; you are hiring a company with a committed group of professionals who support each other. You are hiring a dedicated leadership team committed to attracting and training the best agents and supporting the community in which we all live.

 

About John Gorden

 

John’s Real Estate education has taken him through both Residential and Commercial Real Estate transactions. Trained as an Accredited Buyers Representative with the National Association of Realtors, this ABR designation lets him share positive insights with Buyers regarding the potential purchase of Real Estate. In addition, John holds a CNE which is a Certified Negotiation Expert by the National Association of Realtors. On the commercial side, John holds a CCSS “Certified Commercial Sales Specialist” awarded by the commercial Real Estate Institute.

 

John Gorden

(928) 308-0101

Posted in Buying a Home
Feb. 17, 2022

History of Prescott Valley

Prescott Valley Arizona History

PRESCOTT VALLEY, ARIZONA

Prescott Valley, Arizona, is a thriving family-oriented community that sits at an elevation of 5,000 feet and is located 85 miles north of Phoenix and a few minutes east of historic downtown Prescott. Prescott Valley was the seventh fastest-growing place among all cities and towns in Arizona between 1990 and 2000 and presently has approximately 48,000 people calling it home. 

Strong in economic development, the community attracts retailers and restaurants such as Kohl's, Dick's Sporting Goods, T.J. Maxx, Chick-Fil-A, Sprouts, Hobby Lobby, Culvers, Popeyes, Buffalo Wild Wings, and a host of independent food and shopping choices.   

There is no shortage of places to spend your leisure time in this vibrant town. Visit Fain Park for a picnic and fishing, enjoy the Mountain Valley Splash Pool, and take in special events such as Prescott Valley Days, Balloon Glow, as well as the Christmas Valley of Lights.  

Many people have chosen to buy homes and relocate to Prescott Valley because of its strong work ethic, solid educational system, family values, and positive outlook under sunny Arizona skies. The mild climate, convenient location, and surrounding lakes, fishing, and hiking trails make this popular community attractive for families and retirees.

 

PRESCOTT VALLEY'S HISTORY

Gold in Prescott Valley: The Walker party discovered gold along Lynx Creek in 1863. In the 1930s, a gold dredging operation, the Doodle Bug Diggings, was farther east in Lynx Creek Canyon. The Lynx Creek placers produced a recorded 29,000 troy ounces of gold. Estimates of actual production range up to 80,000 troy ounces, which would be worth about $85 million at today's prices. 

Name Change: Prescott Valley was formerly known as Lonesome Valley. The area was settled by ranchers in the 1880s, raising beef to supply the miners and new settlers. The Fain family still ranch in the valley. 

Fain Park: Thomas Gibson Barlow-Massicks arrived in the area in the early 1890s and built the historic "castle" that still stands in Fain Park. Messick's had a hydraulic gold mining operation in Lynx Creek Canyon and built the company mining camp of Massicks, Arizona just east of his Victorian home, the Castle. The fireplace with chimney just inside the Castle's fence is all that remains of the Massicks's store. 

Incorporation: In the mid-1960s, a real-estate company from Phoenix purchased land 10 miles east of Prescott, known as Lonesome Valley. In 1966, representatives from Prescott Valley Inc. began traveling to the Midwest to sell home lots. By 1978, more than 1,500 residents lived in the unincorporated area now known as Prescott Valley. In 1978, 80% of the voters of Prescott Valley voted for incorporation as a town.

HOUSING INFORMATION

If you would like information on the real estate market in Prescott Valley, let me know, I would love to help!  John Gorden (928) 308-0101.

>>  See Homes For Sale in Prescott Valley <<

 

Posted in Prescott News
Jan. 20, 2022

What are the Risks of Earnest Money?

What is earnest money

What is earnest money?

Earnest money is a deposit from a buyer to a seller representing a buyer's 'good faith.' The deposit allows the buyer to receive extra time to secure financing and conduct the title search, property appraisal, and inspections before closing. Earnest money is a great way to let the sellers know that you're serious about the offer you're making on their home.

A deposit demonstrates your commitment to the purchase and that you plan to follow through on the contract. But there's a real risk involved: If you withdraw your offer or change your mind, you might lose your deposit and be out of a chunk of cash.

Here are some ways to avoid losing your earnest money:

  1. Make sure it's the home you want. This advice may seem obvious, but it's easy to get swept up in the emotion of the moment. Recognize that you're about to enter into a legally binding contract and that the earnest money is at risk if you change your mind. While circumstances may not allow you to drag your feet on the decision, double-check that you don't have any reservations before you commit.
  2. Don't sacrifice contract contingencies. It is easy to get caught up in the excitement, but don't let your desire for a home cause you to blindly remove contingencies that are built into contracts to protect buyers. Typical contingencies include loan, title search issues, appraisal, and insurance obstacles. Make sure you consult your realtor before you waive these. 
  3. Avoid committing to a home "as is." If you're putting earnest money on an offer for a foreclosed home, don't be too eager to accept any home problem. Take the time to understand the home's issues before writing the offer.
  4. Read the contract timelines. It is imperative to look at closing dates and other dates related to the process leading up to closing. Violating the timeline could also cost you your earnest money.
  5. Ensure you have recourse to get some or all of your earnest money back. If the sale doesn't finalize, you and the buyer must sign a document voiding the agreement. Before you sign, make sure you understand how it will impact your earnest money refund. If you don't sign off, the seller's title can be negatively impacted, so keep your leverage handy until you are satisfied that you have been treated fairly.

 

In the end, it is vital to protect yourself and your down payment by playing smart with your earnest money. If you have questions or concerns, get in touch with me to help you understand everything in plain language!

If you are ready to buy a home, let me help you find the right home and protect your interests along the way! 

John Gorden
928.308.0101

 

Posted in Buying a Home
Dec. 21, 2021

The Final Walkthrough: What You Need to Know

selling a home in prescott

The final walkthrough is a crucial step in buying your home. It's when you get to go through the property with the sellers and make sure everything is up-to-par. You'll need to be mindful of any damages or problems. The final walkthrough is the last opportunity you have to make requests before closing. Please don't waste it; it's essential to take this opportunity seriously. 

Things You Need to Know

Here are five things you need to know on your final walkthrough when buying a home.

Request repairs, updates or replacements. Inspect the property for damages. Inspect the property for any new damages that may have occurred since you started the purchase process. Request repairs, updates, or replacements for any damage that the seller did not already fix. If any items in the home are not working properly, ask to have them repaired or replaced. Make sure all of your final requests are written down and signed by you and the seller to avoid any confusion or problems after the sale.

Inspect Appliances. When you do your final walkthrough of the home before purchasing it, be sure to inspect all appliances. Ensure they are all in working order and that there are no damages. If any of the appliances are not in good condition, you may want to ask for a discount on the home price or have them replaced before moving in. Having to deal with broken appliances after you've already moved in can be a hassle, so it's best to take care of them beforehand. 

Check Doors and Windows. When you're doing a final walkthrough of your home before it sells, it's important to check the windows and doors for any damage. Make sure that all of the windows open and close properly, and look for any cracks or chips in the glass. If there are any problems with the windows or doors, be sure to get them fixed before the final walkthrough. 

Check the lights. ​Ensure that all light fixtures are working correctly and have no damages. If you notice anything wrong with any of the lighting within your home, ask for a discount on your purchase price or have them repaired before closing day.

Check the plumbing. On the final walkthrough, be sure to check all of the faucets and toilets for any leaks or damages. If there are any problems with either the faucets or toilets, ask that they be repaired before finalizing the purchase. Dealing with plumbing issues after buying a home can be a huge hassle, so it's best to take care of them beforehand.

The main thing you need to remember, if there are any problems, be sure to get them fixed before the closing date. The move-in process will be much easier by taking care of these small details!

If you have questions on things you should know about a final walkthrough, I would love to help. Give me a call at (928) 308-0101.

 

Posted in Buying a Home
Nov. 18, 2021

Golf Course Living in Prescott Valley

Stoneridge Homes for sale Prescott Valley Arizona

It is an understatement when I say how much I enjoy golfing in the Prescott area.  In addition to the numerous courses in the Quad-cities, the climate and views are incredible!

About StoneRidge

StoneRidge is a popular golfing community in Prescott Valley.  The subdivision is set in a diverse terrain with Panoramic Mountain, Valley, and Golf Course elevations. StoneRidge community offers direct access to Highway 69, yet it is set back in the hills so that residents can enjoy the peaceful surroundings and star gaze the beautiful night sky.  Residents of Stoneridge enjoy a Golf Course, two Clubhouses (Golf and Fitness), Meeting Rooms, Gym, Parks, Playground, Hiking, Walking Trails, Tennis, Basketball, Volleyball, Sand Volleyball, Horseshoe Pits, Locker Rooms, Indoor and Outdoor Pools, and Indoor Spa.

Families and retirees love to call StoneRidge home!

See Homes for Sale in StoneRidge

 

About Prescott Valley

Located 85 miles north of Phoenix, you will find Prescott Valley, Arizona, is a family-oriented community that sits at an elevation of 5,000 feet. 

Strong in economic development, the community attracts retailers and restaurants such as Kohl’s, Dick’s Sporting Goods, T.J. Maxx, Sprouts, Culvers, Buffalo Wild Wings, and a host of independent food and shopping choices. 

There is no shortage of places to spend your leisure time at Fain Park, Mountain Valley Splash Pool, and special events such as Prescott Valley Days, Balloon Glow, or the Christmas Valley of Lights twinkling joyfully for kids of all ages. 

Many people have chosen to buy homes and relocate here because of its strong work ethic, solid educational system, family values, and positive outlook.  The Arizona sky is bright in Prescott Valley.  

See Homes for Sale in Prescott Valley

 

About John Gorden

John Gorden with Better Homes and Garden BloomTree Realty is your Realtor (and ex-Southern Californian). John has specialized knowledge of the diverse communities in the greater Prescott area which has lead him to develop a comprehensive tour of Prescott Subdivision and Neighborhoods that suit your Lifestyle and Budget.

Call John Gorden (928) 308-0101

 

Posted in Buying a Home
Oct. 19, 2021

Williamson Valley Corridor - Great Place to Call Home!

The diverse types of neighborhoods in Prescott are what attract many people to call Prescott their home!  One of my favorite areas is what I refer to as the Williamson Valley Corridor.  The Williamson Valley area is located northwest of downtown Prescott and offers a wide variety of homes, subdivisions, and properties.

Here are a few of the subdivisions in the Williamson Valley area in Prescott.  If you have any questions about homes are available in Prescott, I love to talk 'Prescott', give me a call!  John Gorden (928) 308-0101.

Crossroads Ranch

Crossroads Ranch, located approximately 20 miles north of Prescott, Arizona, along popular Williamson Valley Road, is surrounded by beauty. Crossroads Ranch is a 5,000-acre Equestrian Community with home sites ranging from 4 acres to over 100 acres. Wildlife love this prestigious community. Antelope, javelina, deer, elk, and bobcats enjoy the natural landscape of these rolling hills covered with pinon and juniper vegetation. This elite community offers country living with all of the conveniences of modern living, including underground utilities and paved streets. The homes in Crossroads Ranch range from modern ranch homes with fertile pastures to incredible gated Custom Estates. There are many home sites still available to build your dream home.

Homes for Sale in Crossroads Ranch

Williamson Valley Ranch

Williamson Valley Ranch in Prescott, Arizona, is a prestigious, private neighborhood conveniently located just ten short miles north of the city of Prescott. This equestrian subdivision features beautiful, unique custom homes. Many homes use total solar energy; some are contemporary in design, while others are classic ranch style. Homes range in size from 1100 sq ft on up to over 6000 square feet, with lots ranging in size from 3 to 8 acres. There is plenty of room for the kids, toys, and horses! In Williamson Valley Ranch, you’ll enjoy country living at its finest complete with paved roads, underground utilities, and riding and hiking trails nearby.

Homes for Sale in Williamson Valley Ranch

Granite Oaks

Granite Oaks in Prescott, Arizona, is located at the base of the Granite Mountain in the Williamson Valley corridor, near Williamson Valley Road and Bard Ranch Road. The subdivision of upscale custom homes borders the state land and has access to acres and acres of endless riding and hiking trails. The home sites range in size from 1 to 3 acres offering lots of privacy and horse privileges. Being able to enjoy country living while only a few miles from downtown Prescott is one of many reasons people fall in love with Granite Oaks.

Homes for Sale in Granite Oaks

John Gorden

(928) 308-0101

Posted in Prescott, AZ
Sept. 22, 2021

Live Where You Golf

Golfing in Talking Rock Prescott Arizona

About Talking Rock

Talking Rock is an upscale master-planned golf community in the Williamson Valley corridor north of Prescott, Arizona.  This prestigious community offers private and tranquil living only twenty minutes from shopping, dining, and medical services. At the heart of Talking Rock is the inviting Ranch Compound, a one-of-a-kind high country clubhouse, which provides a place to meet for recreation and connect with your neighbors. Architect Jay Morrish designed the highly acclaimed golf course, which lies perfectly in the natural contours of the land, the rolling terrain, and beautiful vistas.

See Homes for Sale in Talking Rock

About Prescott, Arizona

In Prescott, Arizona, you will find countless activities to do, including horseback riding, golfing, kayaking, fishing, hiking, camping, mountain biking, local breweries, restaurants, and shopping. In addition to the hometown feel, these activities keep Prescott visitors, young and old, returning year after year.

Once the state's territorial capital, Prescott, Arizona, is rich with history embodied in its world-famous Whiskey Row, the historic courthouse, and numerous historical landmarks. Whether you're seeking to relax in a natural environment filled with beauty and wildlife or the history of "Everybody's Hometown," you will find something that will interest you. Visit the official web site for Prescott, Arizona, to learn more by clicking here.

Located in the Bradshaw Mountains, Prescott sits at an altitude of 5,400 feet. The average high temperature in the winter in Prescott is around 52 degrees and averages 89 in the summer. There are approximately 43,000 people in Prescott, but the surrounding "Quad-City" area of Dewey-Humboldt, Chino Valley, and Prescott Valley and the smaller towns of Mayer, Paulden, and Wilhoit, comprise around 103,000 people.

See Homes for Sale in Prescott

About John Gorden REALTOR®

John Gorden with Better Homes and Garden BloomTree Realty is your Realtor (and ex-Southern Californian). John has specialized knowledge of the diverse communities in the greater Prescott area, leading him to develop a comprehensive tour of Prescott Subdivision and Neighborhoods that suit your Lifestyle and Budget.

Extensive Education

John’s Real Estate education has taken him through both Residential and Commercial Real Estate transactions. Trained as an Accredited Buyers Representative with the National Association of Realtors, this ABR designation lets him share positive insights with Buyers regarding the potential purchase of Real Estate. In addition, John holds a CNE, a Certified Negotiation Expert by the National Association of Realtors. On the commercial side, John has a CCSS “Certified Commercial Sales Specialist” awarded by the commercial Real Estate Institute.

Certified Retirement and Second Home Specialist

Recently John earned a certification as a Retirement and Second Home Specialist, helping buyers find suitable properties during retirement or Second Home process. These designations and certifications show hundreds of hours of ongoing training that make John a valuable asset when representing you in either a buying or seller environment.

Contact John

John Gorden
(928) 308-0101

Posted in Prescott, AZ
Aug. 17, 2021

Water Leaks Cost a Bundle!

Water leaks run up water bill

Identifying Common Water Leaks

Did you know it's not uncommon for more than 20% of homes to have one unidentified water leak? Small leaks that go unidentified can significantly impact your water bill over time. 

Track Your Water Bill

Look back on your water bill history over the past months or even years, and look for spikes. Seasonal reasons may cause higher water use, such as the summer, because of lawn and garden watering, but look for any other unexpected increases in water usage. Something as seemingly insignificant as a running toilet can become a significant contributor, especially if it's running 24/7. If your water bill spikes, start hunting.

Address The Leaks

  • Listen for the running toilet: Is your toilet constantly running? Check your guest bathroom. Flush the toilet and time how long it takes to stop. Does it take minutes? If yes, you may have a problem. Open the toilet tank and look at the water level. If the water level is more than 1-inch above the tube, the flapper isn't getting a good seal, and a repair is in order. You can also test for slow leaks into the bowl by dropping some food coloring into the tank. Drop it in and wait 15 - 20 minutes without flushing. If the color appears in the bowl, you have an issue, and a repair is needed.

If you're still having difficulty identifying the issue, a YouTube Channel named 'DIY on the House' offers multiple videos on identifying and fixing common toilet leaks. First, you can view their video '8 Common Toilet Leaks, How to Find Where Your Toilet is Leaking.'

  • Inspect shower heads: Replacing O-rings, soaking the showerhead in vinegar to remove minerals, or simply replacing the head completely can stop showerheads from spaying water in unintentional directions. 
  • Inspect Faucets: Look at the source pipes of the faucets. Likely, you will discover the leak when the water is running. Therefore, after turning on the faucet, search for dampness in those darkened places. Plugging these leaks can also prevent mold buildup.
  • Tune up your irrigation system: Irrigation systems can be the most subtle leaks of all. Busted sprinkler heads or constantly leaking supply lines boost your water bill. When the system is running, look for spraying valves and find ways to eliminate overspray onto concrete. A rain sensor is also a great way to ensure you're not watering your lawn while it's raining.
  • Frozen Pipes: In the winter, water freezing in pipes causes the pipes to expand and burst. A simple way to prevent this is by removing and disconnecting all hoses from hose bibs. 

Need to get in touch with a plumber or handyman? A good source to find companies in your area to help you get taken care of is Angie's List and Nextdoor. Once you are taken care of, I can help you list and sell your home!  Give John Gorden a call today (928) 308-0101!

 

Posted in Selling Your Home