If you’re home hunting in a competitive market, you’ve probably had the heartbreaking experience of losing out on the perfect house. It can be incredibly frustrating to find out the seller rejected your offer in favor of another buyer. How can you do your best to ensure it doesn’t happen again?

When a seller entertains multiple offers, it’s essential to understand that many factors are in play. You tend to have an advantage if you’re an all-cash buyer, as cash removes potential financing roadblocks. But if you’re like most people, paying cash for a house isn’t an option. What do you do then to make your offer competitive?

First, ensure you have 100% of your financial house in order. When financially prepared, you have pre-qualification for a mortgage and proof of funds. Being organized and ready to go will give you a slight edge from the start. Also, be sure you work with an agent who is highly responsive to requests. Sellers don’t need to wait for agents to provide necessary information when multiple offers are landing in their inbox.

Beyond these factors, there’s another way to boost your offer’s profile: Personalize it.

While most sellers want to go with someone who will pay the most for their home, you should never discount the emotional dynamic of the home selling and buying experience. Though sellers are ready to move on, they often want to feel like their home is going to someone who genuinely appreciates it and needs it. 

Work with your agent to craft a personal letter explaining why you love the seller’s home. What features do you love? How will this home help you personally, professionally, or with your family’s needs? Include a photo of yourself and your family. Have pets and kids? Bring them into the picture! Putting a human face on the offer can transform your offer from one more name in a pile of numbers into a genuine person worthy of living in the seller’s home.

Tips to Keep in Mind While Writing Your Letter

Build a Connection: Look for a connection you and the seller share. This connection could be being in the same line of work or noticing a hunting sign. Build on that connection. 

Keep it Short: Don’t write a novel. Share your point, build a connection, and explain why you’re the best buyer.

Leave Out Remodeling Plans: If you plan on remodeling, be mindful of the seller’s protectiveness over their home. Even though they are selling their house, they still have emotional attachments to different areas of their home. They may not be fond of knowing that you want to destroy parts of it. 

Have your agent personally deliver the offer. Most offers will be electronically transferred and dumped into a crowded email inbox. While an electronic offer can be convenient, providing a beautifully prepared package with a personalized letter and picture can impact the seller.

I will go the extra mile to help you attain your dream home. Get in contact with me today:  Mary Tarrant (928) 277-6404

With the low inventory of homes in today’s housing market, finding a home that checks all the boxes can be challenging.

However, if you can separate the ‘needs’ from the ‘wants,’ you’ll have a higher chance of landing the home that fits your needs.  Chief Economist for realtor.com, Danielle Hale, states that:

“Focus on the goal you set out for yourself, like your list of must-haves and nice-to-haves and your budget. . . Stick to that. Be persistent.”

How to Begin

When searching for a home, the first step is to get pre-approved. You want to avoid falling in love with a home that is too far out of reach. Getting pre-approved helps you better understand your budget, which is vital when creating your list of must-haves and nice-to-haves.

After understanding your budget, begin listing the features of a home that you would like.

Here’s a great way to think about them before you begin:

Needs

• ‘Needs’ are features that a home must have if it is to work for you and your lifestyle. Examples include the school district, distance from work, family and friends, and number of bedrooms/bathrooms.

Wants

• Wants are features that would be great in a home but are manageable. Examples of nice-to-haves include a two-car garage, a fireplace, a finished basement, etc.

Dream State

• Dream state features are things that you dream about. They may be unrealistic for your budget or the current housing market, but it’s fun to consider! If you find a home in your budget with all the ‘needs’ and most of the ‘wants,’ it’s a clear winner. Examples include a built-in pool, gourmet kitchen, etc.

After creating this list, it’s time to sit down with a real estate advisor. They will help you navigate the market and find homes that fit as many of your needs and wants as possible.

Crafting your home search checklist may seem small, but it can save time and money. It’s also one key to success in today’s competitive market. Let’s connect so we can work together to find a home that fits your wants and needs.

If you can keep your goal in mind and be persistent, you will find the perfect home for you and your family.

Let me help you find your perfect home!  Mary Tarrant (928) 277-6404

For horse owners looking to relocate, finding the perfect place where you and your equine friends can thrive is paramount. Prescott, Arizona, is a hidden gem for horse enthusiasts, offering picturesque landscapes and numerous horse-friendly neighborhoods. In this blog post, we aim to guide you through the best subdivisions in Prescott that cater to horse owners, highlighting their unique features and the benefits they offer. By the end of this article, you’ll understand why Prescott is a top choice for horse owners and which neighborhoods should be on your radar.

Why Prescott, Arizona, Is Ideal for Horse Owners

Perfect Climate

Prescott boasts a mild climate that makes it ideal for year-round horse activities. The summers are warm but not scorching, while winters offer a break from extreme cold without compromising riding conditions. This balanced weather allows for consistent outdoor activities for your and your horses.

Scenic Beauty

Nestled amidst mountains and forests, Prescott offers breathtaking views that make every ride scenic. The open spaces and trails provide an excellent environment for horse riding, ensuring that you and your horses stay engaged and happy.

Community and Amenities

Prescott is home to a vibrant horse-loving community. With numerous equestrian events, clubs, and facilities, you’ll always feel connected. Whether you are looking for fellow riders to join you on the trails or seeking advice on horse care, the community is welcoming and knowledgeable.

Popular Williamson Valley Equestrian Subdivisions

Granite Oaks

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

American Ranch

American Ranch subdivision in Prescott is located just a few miles north of downtown Prescott. It offers outdoor adventure, multiple amenities, and homes ranging from one to five acres each. The homes in this subdivision are custom-built and designed to view the gorgeous mountain and forest views! American Ranch offers amenities, including a $3m Equestrian Center, fitness/exercise center, outdoor heated pool, spa, tennis, basketball, and a catch and release bass fishing lake! 

Crossroads Ranch

Crossroads Ranch, located approximately 20 miles north of Prescott, Arizona, along popular Williamson Valley Road, is surrounded by beautiful scenery. It is a 5,000-acre Equestrian Community with home sites ranging from 4 acres to over 100 acres. Wildlife loves 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 the conveniences of modern living, including underground utilities and paved streets. Many home sites are still available to build your dream home.

Williamson Valley Ranch

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

Conclusion

Prescott, Arizona, offers a variety of neighborhoods that cater to horse owners, each with its unique charm and benefits. Whether you prefer the luxurious amenities of American Ranch, the natural beauty of Williamson Valley Ranch, there is a place for you and your horses in Prescott.

Exploring these neighborhoods can help you find the perfect home that meets all your needs. Embrace the equestrian lifestyle and discover why Prescott is a top choice for horse owners. If you’re ready to take the next step, consider visiting these neighborhoods and experiencing their unique offerings firsthand.

Ready to find your perfect horse property in Prescott? Contact me today at 928-277-6404 to start your journey today. Happy riding!

Getting approved for a mortgage is a big accomplishment for anyone. It means you’re ready to take on the responsibility of homeownership, but it’s important to remember that taking out a mortgage is not the end of the journey – it’s just the beginning. After you’ve been approved, you may be tempted to make big purchases or change jobs, but doing so could jeopardize your chances of closing on your new home. This blog post will discuss things to avoid after applying for a mortgage.

Do not change jobs! 

A lender’s favorite word is stability! Stability includes a consistent employment history, and a job change can often cause loan denial or, at the very least, a delay in processing. If you plan on making a job change, do it before you begin the mortgage application process or after you close. Remember that lenders generally require you to be at your job for at least two years to qualify for a loan.

Do not make any large purchases! 

A mortgage lender will pull your credit report at different stages of the loan process: when you first apply and before closing. Making large purchases between these stages could change your debt-to-income ratio and affect your ability to close the loan. So, no new cars or appliances until after you close your home!

Do not apply for new credit, and don’t close any credit accounts!

During the mortgage process, your credit score is subject to change. New credit applications can lower your score, and closing existing accounts can also negatively affect you. So again, no new cars or credit cards until after you’ve closed on your home!

Do not change your bank account!

Lenders like to see stability in your bank account, so resist the urge to close or open any new accounts while you go through the mortgage process.

Do not make large deposits!

Depositing a large sum of money into your bank account can cause concern for lenders. If you have a windfall, such as an inheritance or a tax refund, speak to your lender beforehand to find the best way to handle it.

Do not co-sign any loans!

Co-signing a loan for someone else can affect your debt-to-income ratio and may cause problems with your mortgage loan. So, if possible, avoid co-signing any loans while you’re in the middle of the home loan process.

In short, the best thing you can do after applying for a mortgage is to stay the course! Keep up with your payments, don’t make large purchases or changes, and avoid opening or closing accounts. Doing so will help ensure a smooth and successful mortgage process. Have real estate questions? Give me a call, and I’d love to help!

928-277-6404

One of the attractive qualities of living in an area like Prescott, Arizona, is the luxury of living close enough to have the ability to walk to the numerous venues and shops located in the popular and beautiful downtown.

But how do you know if the house you are looking at is close enough to walk to nearby attractions?  Are there busy roads to make this an option?  What about biking?  Is the potential house a good candidate for commuting with your bike?

Fortunately, there is a free service that is incredibly helpful in answering these questions.  It is a website that calculates the Walkability Score of a property.

Walk Score is a company which “analyzes hundreds of walking routes to nearby amenities. Points are awarded based on the distance to amenities in each category. Amenities within a 5 minute walk (.25 miles) are given maximum points. A decay function is used to give points to more distant amenities, with no points given after a 30 minute walk.”

Additionally, Walk Score looks at pedestrian friendliness, a component which takes into account population density, block length, and intersection density.

Rankings are based on a 0 – 100 scale. Here’s how the scores translate to an area’s walkability:

• 90 – 100: Walker’s Paradise. Daily errands do not require a car.
• 70 – 89: Very Walkable. Most errands can be accomplished on foot.
• 50 – 69: Somewhat Walkable. Some errands can be accomplished on foot.
• 25 – 49: Car-Dependent. Most errands require a car.
• 0 – 24: Car-Dependent. Almost all errands require a car.

In addition to a Walkability Score, Walk Score also evaluates for Transit Score (how well a location is served by public transit) and Bike Score (whether an area is good for biking).

All three of these scores can help you determine your personal values when you’re buying a home. They can also be useful to profile the kind of buyer who might be interested in a home you’re selling. It’s important to understand that a high or low walkability score is not necessarily bad. It all depends on personal values. (Someone who wouldn’t walk to errands anyway might find themselves bothered by the proximity to a highly-trafficked commercial businesses, for example.)

How to Use the Service

1. Simply enter an address
2. That’s it!

What you will get are reports of the pros and cons of walking and biking from that address to nearby shops and attractions.  The service also supplies a map of the area that was analyzed.

If you’re curious about your own home’s walkability score, or you’d like to learn about the most and least walkable neighborhoods in a given city, you can search for addresses on the Walk Score website at http://www.walkscore.com/.

Want to see a walkability score in action? I’d be happy to show you local neighborhoods! Contact me at 928-277-6404.