GOLDEN OPPORTUNITY TO OWN THIS SOUGHT AFTER FLOOR PLAN IN WILLOW PARK.A GATED TOWNHOME COMMUNITY WITHIN PRESCOTT LAKES.THIS FORMER MODEL HOME HAS AN ABUNDANCE OF ELEGANT OPTIONS & UPGRADES ADDED.SOARING CEILINGS,TOWERING STONE FIREPLACE,TRAVERTINE TILE,RICH LAMINATE FLOORING,TOP OF THE LINE GRANITE COUNTERTOPS IN THE KITCHEN,DESIGNER TILE BACKSPLASHES & ACCENT BATH TILES.SPOIL YOURSELF & ENJOY THE MAX IN LEISURE LIVING @ PRESCOTT LAKES.GUEST BR & MASTER ACCESS TO PATIOS. MOVE-IN READY!!!!

Nestled among majestic boulders is your private oasis. A perfect home for entertaining with expansive patios,hot tub & dramatic views. Top end amenities & craftsmanship. Soaring ceilings & custom window package provide a great open floor plan with natural light. Chef's kitchen has custom crafted cabinets, upgraded granite C-tops and high-end appliances. Large master suite has privacy deck. Main level office. Co-listed with Harry Chandler/Dennis Davis Realty Executives Northern Arizona.

Beautiful Tate-built home looking as if was finished yesterday! Great views from the large covered trex deck. Hardboard siding. Open, spacious and airy with bushels of natural light from dormers and its many windows. See it from the street and you'll demand to see the inside. All this and much more in this single-level home. Super convenient to The Club at Prescott Lakes and the under-construction upscale grill. The spa conveys! Co-listed with Harry Chandler/Dennis Davis Realty Executives Northern Arizona.

TERMS! TERMS! TERMS! Are you looking for a seller-carry? A trade? An owner subordination for a spec build? You've found it! And this is one terrific lot with great views and an easy walk-out build on a very quiet cul-de-sac and backed by an arroyo with no close rear neighbors. Priced like it's owned by a financial institution, but it isn't! See this outstanding value today. And check out the new, lower-valued membership for The Club at Prescott Lakes - the best country club opportunity in town.  Listed by Dennis Davis/Harry Chandler & Realty Executives Northern Arizona.

TERMS! TERMS! TERMS! Are you looking for a seller-carry? A trade? An owner subordination for a spec build? You've found it! And this is one terrific lot with great views and an easy build near the end of a very quiet cul-de-sac. Extremely nice homes on either side of this building site that can be either single level or a walk-out if you prefer. Priced like it was owned by a financial institution but it isn't! See this outstanding value TODAY!
Listed by Dennis Davis/Harry Chandler & Realty Executives Northern Arizona.

This is a lot that must be seen and analyzed to appreciate the building potential of the property. Located near the end of a very quiet cul-de-sac and situated so that the house wind-protects the back yard for those family cook-outs and evening gatherings. Owner is both a licensed broker and a homebuilder and can assist with gaining perspective and building ideas. A genuine value awaits the savvy buyer here!  Listed by Dennis Davis/Harry Chandler & Realty Executives Northern Arizona.

Yet another stunning value and opportunity. Views! Location! Ease of build! See this under-valued lot off it's private driveway with a low-water crossing all in and paid for! And the building pad has also been constructed and paid for! Simply has to be seen to be believed and appreciated. Super convenient to the Athletic Club. Grinder is needed. Athletic Club membership is in the value!  Listed by Dennis Davis/Shellie McCune & Realty Executives Northern Arizona.

Pride! Prestige! Location! Absolutely among the very best of the lots that Prescott Lakes has to offer - together with it's sister Lot 13. The asphalt driveway and the lowwater crossing have been installed and are paid for! This flat, easy build, secluded location is perfect for a single level home or a two story home to take maximum advantage of all the spectacular views. This is that extraordinary home site for which you've been searching! Grinder is required.  Listed by Dennis Davis/Shellie McCune & Realty Executives Northern Arizona.

What a TERRIFIC value for a lot with such a superior location and conveniences. See this large easy-build site in a non-gated area near all the amenities that Prescott Lakes has to offer right at your fingertips! Gently sloped lot that will allow for either a single level or a walk-out type home. Athletic Club is included in the value!  Listed by Dennis Davis/Shellie McCune & Realty Executives Northern Arizona.

Avoid Top 10 Mistakes Made By Real Estate Investors

Author: Real Estate Advisor

Real estate investment is perhaps one of the most lucrative forms of investment today. But it is also equally risk bound especially when one is not well versed with the trends and nuances of the real estate market. So if you are contemplating on investing in real estate, it is best to avoid costly mistakes in real estate investment especially when you invest your hard earned money into it. Knowing the most common mistakes made by real estate investors helps one steer away from making such mistakes in the future and ensures good return on investment.

Here are the top ten mistakes made by real estate investors, according to bankrate.com. Bankrate has put together the top ten mistakes after speaking to established, full-time real estate investors and other professionals involved in real estate investment such as bankers. Read on to know them and avoid them.

1. Not planning up ahead. Lack of a proper plan is the biggest mistake made by novice investors. Finding a house after forming a proper investment strategy is the right way instead of looking for a house to fit the plan. Many make the mistake of buying a house because it seems to be a good deal and then trying to see how they can fit it into their plan. Instead of buying a house and thinking one can plan in due course, investors should rather concentrate on the numbers and try to make offers on multiple properties. This will ensure a good property that not only matches their investment model but also works out well with the numbers they had planned for.

2. To believe you can make money quickly. The second major mistake that real estate investors make is to think it is very easy to get rich in real estate. This is only a myth and the reality is that investing in real estate is a long term project.

3. Doing it single-handedly. For becoming a successful real estate investor one needs to build a team of professionals who would assist the investor in his deals. This would ideally include a real estate agent, an appraiser, a home inspector, a closing attorney and a lender.

4. Making excess payment. One another reason that investors in real estate goof up in their investment is by paying too much for the properties they buy. Paying too much and locking up all the funds in the erred property deal will leave you with no money to redeem yourself.

5. Leaving out the groundwork. Not doing your homework could be a costly mistake if you were a real estate investor. Every field of business needs sufficient amount of homework to be done, and real estate investment is no exception. Learn the fundamentals and then venture into investing in properties.

6. Throwing caution to the winds. Investors have to exercise a certain degree of caution and take earnest efforts while making a deal. New investors often fail in this regard and sign a deal without doing adequate research on the property.

7. Miscalculating money flow. Investors whose strategy is to buy, hold and rent out properties need to ensure sufficient cash flow for maintenance. Property managers could be expensive and the owner has to incur more expenses such as mortgage, taxes, insurance, advertising costs etc. Investors have to allocate their budget such that all these expenses are taken care of, or end up having their asset turn into a liability.

8. Lowering the volume. A larger volume of deals or transactions helps in increasing the profits by reducing the impacts of marginal deals.

9. Getting trapped in your own deal. Having more number of options at hand for the property you buy is a wise strategy. This helps one to be prepared for fluctuations in the real estate market. Plans to rent out the house could go awry when the rental market slumps. Having alternative plans helps you cut down losses and tackle unexpected situations.

10. Making incorrect estimates. People who plan to rehab their house need to check if they will still reap the benefits at double the time that they had estimated. This ensures they do not miscalculate and lose money on the deal.

Article Source: http://www.articlesbase.com/real-estate-articles/avoid-top-10-mistakes-made-by-real-estate-investors-151870.html

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A License Required for your house 

Thinking about selling your house - A look at H.R. 2454 (Cap and trade bill) 


Beginning 1 year after enactment of the Cap and Trade Act, you won't be able to sell your home unless you retrofit it to comply with the energy and water efficiency standards of this Act. 

H.R. 2454, the "Cap & Trade" bill passed by the House of Representatives, if also passed by the Senate, will be the largest tax increase any of us has ever experienced. The Congressional Budget Office (supposedly non-partisan) estimates that in just a few years the average cost to every family of four will be $6,800 per year. No one is excluded. However, once the lower classes feel the pinch in their wallets, you can be sure these voters get a tax refund (even if they pay no taxes at all) to offset this new cost. Thus, you Mr. and Mrs. Middle Class America will have to pay even more since additional tax dollars will be needed to bail out everyone else. 

But wait. This awful bill (that no one in Congress has actually read) has many more surprises in it. 

Probably the worst one is this: A year from now you won't be able to sell your house. 

Yes, you read that right. The caveat is (there always is a caveat) that if you have enough money to make required major upgrades to your home, then you can sell it. But, if not, then forget it. Even pre-fabricated homes ("mobile homes") are included. 

In effect, this bill prevents you from selling your home without the permission of the EPA administrator. 

To get this permission, you will have to have the energy efficiency of your home measured. Then the government will tell you what your new energy efficiency requirement is and you will be forced to make modifications to your home under the retrofit provisions of this Act to comply with the new energy and water efficiency requirements. Then you will have to get your home measured again and get a license (called a "label" in the Act) that must be posted on your property to show what your efficiency rating is; sort of like the Energy Star efficiency rating label on your refrigerator or air conditioner. If you don't get a high enough rating, you can't sell. And, the EPA administrator is authorized to raise the standards every year, even above the automatic energy efficiency increases built into the Act. 

The EPA administrator, appointed by the President, will run the Cap & Trade program (AKA the "American Clean Energy and Security Act of 2009") and is authorized to make any future changes to the regulations and standards he alone determines to be in the government's best interest. Requirements are set low initially so the bill will pass Congress; then the Administrator can set much tougher new standards every year. The Act itself contains annual required increases in energy efficiency for private and commercial residences and buildings. However, the EPA administrator can set higher standards at any time. 

Sect. 202 Building Retrofit Program mandates a national retrofit program to increase the energy efficiency of all existing homes across America. Beginning 1 year after enactment of the Act, you won't be able to sell your home unless you retrofit it to comply with the energy and water efficiency standards of this Act. You had better sell soon, because the standards will be raised each year and will be really hard (i.e., ex$pen$ive) to meet in a few years. Oh, goody! The Act allows the government to give you a grant of several thousand dollars to comply with the retrofit program requirements if you meet certain energy efficiency levels. But, wait, the State can set additional requirements on who qualifies to receive the grants. You should expect requirements such as "can't have an income of more than $50K per year", "home selling price can't be more than $125K", or anything else to target the upper middle class (and that's YOU) and prevent them from qualifying for the grants. Most of us won't get a dime and will have to pay the entire cost of the retrofit out of our own pockets.. More transfer of wealth, more "change you can believe in." 

Sect. 204 Building Energy Performance Labeling Program establishes a labeling program that for each individual residence will identify the achieved energy efficiency performance for "at least 90 percent of the residential market within 5 years after the date of the enactment of this Act." This means that within 5 years 90% of all residential homes in the U.S. must be measured and labeled. The EPA administrator will get $50M each year to enforce the labeling program. The Secretary of the Department of Energy will get an additional $20M each year to help enforce the labeling program. Some of this money will, of course, be spent on coming up with tougher standards each year. Oh, the label will be like a license for your car. You will be required to post the label in a conspicuous location in your home and will not be allowed to sell your home without having this label. And, just like your car license, you will probably be required to get a new label every so often - maybe every year. But, the government estimates the cost of measuring the energy efficiency of your home should only cost about $200 each time. Remember what they said about the auto smog inspections when they first started: that in California it would only cost $15. That was when the program started. Now the cost is about $50 for the inspection and certificate; a 333% increase. Expect the same from the home labeling program. 

Sect. 304 Greater Energy Efficiency in Building Codes establishes new energy efficiency guidelines for the National Building Code and mandates at 304(d) that 1 year after enactment of this Act, all state and local jurisdictions must adopt the National Building Code energy efficiency provisions or must obtain a certification from the federal government that their state and/or local codes have been brought into full compliance with the National Building Code energy efficiency standards.

Home prices are one factor in determining your cost of ownership, but so are interest rates and financing availability. Even though interest rates have gone up in the last six months, they are still near historic lows. Since your monthly mortgage payment is a combination of paying down your principal and paying the interest owed, if home prices come down a little further but interest rates go up, it could cost you even more to service a mortgage on an identical home!

While a home is a major investment, it is also the center of your personal life. It's important to live in a home that reflects your taste and values, yet is within your financial "comfort zone." To that end, it may be more important to lock in today's relatively low interest rates and low home prices, rather than to hope for a further break in prices in the future.

Please give me a call if I can be of any assistance in determining how much home you can afford in today's market.