Karen Winton
Certified Residential Specialist
Realty Executives Arizona Territory
Focus ... STONEY CREEK neighborhood within the Master Planned Prescott Lakes Community - FANTASTIC AMENITIES - PRIVATE GOLF - RESTAURANT
A non-gated community of plus sized home sites and existing homes
STONEY CREEK I and II is where it all started for Prescott Lakes. Some of the most mature landscaping is found in this beautiful community; a few of the 94 home sites are located along the golf course. Lot sizes range from about .30 acre to .80 acre. The minimum house size is 1600 square feet of livable space but most are larger with several homes over 3000 square feet. Golf course locations are to be 2500 square feet or more. Most all homes and sites in Stoney Creek are conveniently located near The Club and the golf facilities.
Value and convenience are easily found in Stoney Creek
Focus ... THE ESTATES neighborhood within the Master Planned Prescott Lakes Community - FANTASTIC AMENITIES - PRIVATE GOLF - RESTAURANT
A gated community of larger home sites and existing homes
THE ESTATES is a gated neighborhood of 165 home sites. There are generally vacant building sites and resale homes on the market. Lot sizes may range from about ½ acre to nearly 2 acres. Many are on the Hale Irwin-designed Championship golf course, some are not, some are flat and some are on hillsides. Many offer stunning views. Homes on lots of ¾ acre or larger or on the golf course are to be a minimum of 2500 square feet of livable space. All others need be only 2000 square feet or more.
If elegance, exclusivity and pride of ownership are in your plans, take a tour through The Estates
Focus ... PARKSIDE neighborhood within the Master Planned Prescott Lakes Community - FANTASTIC AMENITIES - PRIVATE GOLF - RESTAURANT
A gated community of plus sized homesites and existing homes
PARKSIDE is a gated neighborhood with a grassy entryway park and beautiful gazebo available to the residents who live within Parkside. Home sites range between .33 acre and .65 acre. Homes on lots on the golf course are to be a minimum of 2500 square feet of livable space. All others need only contain 2000 square feet or more. Most of the home sites in Parkside are flat – but there are a few hillside locations. Some lots and homes are on the golf course but most of the 100 properties are interior and flat.
Parkside is truly an upscale custom home neighborhood with special common areas
Focus ... gated COTTAGES neighborhood within Master Planned Prescott Lakes Community - FANTASTIC AMENITIES - PRIVATE GOLF - RESTAURANT
1400 to 2009 Square Feet of Interior Living
The Cottages at Prescott Lakes, was the first place the renowned builder Del Webb ever constructed a neighborhood in an area they did not actually develop. While Del Webb was synonymous with age-restricted communities, The Cottages is not so restricted; all ages are welcome to reside here. There are 216 homes, built between 2001 and 2005, many on the golf course or providing Willow Lake or Granite Dells views. Home sizes (there are no vacant lots) range from 1400 square feet to 2009 square feet in 10 different floor plans. All homes are one level with an attached two car garage. The lot sizes are more compact so there is a minimum of yard work. These homes make excellent primary or secondary residences.
LOOKING FOR EASE OF UPKEEP ... check out the great homes inThe Cottages
The answer: probably not. No television home buyer, AKA ibuyer (Zillow, Opendoor, Redfin, 72 Hour, etc.) is in the business of paying full market value (FMV) just to break even on a subsequent sale. They will generally offer something 'marginally' less than their opinion of market value. Their opinion is based on market statistics/algorithms that almost always fail to consider that ALL real estate is unique; two seemingly equal homes directly across the street from each other can have vastly different values.
The ibuyer will still inspect the property and likely will 'adjust' the FMV to allow for what they consider to be needed repairs and upgrades. So, while most ibuyers advertise they will buy the home AS IS and, in fact, they will, often they will do so only after reducing the FMV to reflect the needed repairs!
The ibuyers also state that the seller will not pay a commission. Again, true, but the ibuyer almost always fails to mention their 'service fees' until they are in negotiation with a seller. These service fees are deducted from whatever their opinion of the final FMV turns out to be, just like a real estate commission! These service fees will vary from ibuyer to ibuyer but will generally range from 6% to 14% of the FMV. Note that some ibuyers will give an offer of FMV and then adjust that offer through their service fees to address needed repairs rather than reducing the FMV. In almost all cases the service fees will equal at least 6% of the FMV even for a pristine property.
Another major consideration when selling in today's market: selling to the ibuyer takes away any possibility of achieving a higher-than-list-price offer which is a frequent occurrence in today's reality of few listings. This lost opportunity attacks the most active segment of the market where a seller is more likely to generate multiple competing offers in a bidding war.
By using a Realtor who works for the seller (ibuyers work only for themselves!), sellers maximize the opportunity to obtain a higher price --- sometimes to the tune of $10's of thousands of dollars more! A final word: ibuyers generally limit the FMV to a maximum of $600,000 and likely won’t offer on homes with un-permitted additions, wells and septic systems
Every seller should consult with an experienced Realtor (such as Karen Winton of Realty Executives Arizona Territory) before accepting an ibuyers offer. The price the seller might pay for the convenience of selling to an ibuyer can be costly beyond belief. Should you give me the opportunity and privilege of representing you, I will work hard to get you the very highest price possible!
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