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Buying a Home as an Investment - 12/28/10 06:01 PM
These days, most of the listed homes for sale in Sedona, West Sedona, or Uptown are all about building a family future. Savvy buyers know that the market is theirs, and they can bargain for things like better school districts, home improvements, and other amenities that make owning real estate in Arizona great. However, when the Sedona real estate market boasts more homes than there are buyers, there's another advantage: homes for investment opportunities are cheaper and have greater potential than ever before.
First-Time Homebuyers in Sedona, West Sedona, Uptown: If you're in the market for the first time, buying a (0 comments)
Building Prices in the Sedona AZ Home Market - 12/27/10 05:08 PM
What's a buyer to do these days when buying a Sedona AZ Home for Sale. Do they buy an existing home with the idea that it is less costly to buy than it is to buy a vacant piece of dirt and build? That used to be the standard. However, while the Sedona AZ home prices fell for the last several years - so did the vacant dirt. Let's remember the financing for for land and construction loans dried up. Lender's shut their doors and many great and qualified general contractors and builders had to go get 2nd jobs. While the tide is a changin...according to Chris (0 comments)
Sedona Luxury Homes are showing signs of Life - 12/26/10 09:25 PM
The Sedona AZ Luxury Homes for Sale are finally showing a glimmer of life. Like the lower priced homes these seller's have had to readjust their thinking to the reality of today's market. And we are finally seeing some life in that sector with the return of high-end buyer's in search of luxury homes as well as lots. The median sold price per square foot for a luxury property (which is over $1 Million) is now at $287 per square foot. Compare that with the 2006 price of $336 a foot and you can see how much the luxury homes have (0 comments)
Land Ho is up in the Sedona AZ Home Market - 12/23/10 12:15 AM
Land Ho! After dropping like a ton of bricks off a tall building, I am happy to report that we are seeing the vacant land pricing come back in Sedona AZ. The median recorded selling price of vacant residential land is now on par with 2001 pricing. The high point for vacant land in recent years was in 2006 when prices topped out at (are you sitting down) $520,000. They are now at... ( are you still sitting down) less than $135,000. Foreclosures have caused the land to drop and we have seen even the high end luxury subdivisions like Cross (1 comments)
Holiday Stuff to do while you look for a Sedona AZ Home - 12/19/10 07:21 PM
So if you are in Sedona during the holidays and looking for a Sedona AZ Home - take a break and do one of these great holiday treats Sedona Railroaders Exhibit - Village of Oak Creek - 928-282-2412 (XMAS Model Train Village - cool). Red Rock Fantasy - West Sedona - 877-444-8044 ( Outdoor Holiday Displays to walk through while you sip hot cocoa - we do this with our kids every year). Kessel Cornville Christmas - 928-634-5369 ( Local Guy with a zillion lights on his house synched up to holiday music - free, free, FREE). And if you are (0 comments)
Updated Market for Sedona AZ Homes for Sale - 12/16/10 09:15 PM
Well, we are a week away from having Santa make his appearance in the Sedona AZ Home Market and our sale volume continues to show bettter numbers than 2006. Which is great news. Buyers are back in our market. Interest rates are starting to edge up slightly and I think will be slightly higher in the next coming months. So it is still a great time to buy in the Sedona AZ Home Market. Our price per square foot and the sold prices continue to fall and will continue because of the trickle foreclosures that continue to bring the market down. A very interesting (0 comments)
Challenge your Sedona AZ Home Real Estate Assessment - 12/15/10 12:25 AM
I always think it a good idea for buyers and seller's in today's market to challenge their Sedona AZ Home real estate assessment. After all, that is how your home taxes are calculated. You can't do much about the rate at which your home is taxed, but you can try to do something about how your home is valued for taxation purposes in 2010. The process varies depending where you live, but in general local governments conduct a periodic real estate assessment to determine how much your home is worth. That real estate assessment figure is used to calculate your property tax (0 comments)
Is it time for a Bull Market for Sedona AZ Homes? - 12/13/10 10:35 AM
I found this great article from Robb Gordon, a local Sedona AZ Home Lender and found it very interesting and wanted to share. Even though it doesn't directly apply to Sedona AZ Homes for Sale - it does give a very bullish outlook for all housing and that would include Sedona. Housing Bulls, Unite Among the recent crop of hedge fund stars, Pershing Square Capital's Bill Ackman is notably absent from the parade of gold bulls. But he and Paulson do share a bullishness on another asset class: Housing. Paulson, who recently bought a two-bedroom condo in NYC for a reported $2.85 million, has been quoted saying: (1 comments)
Get Landlord Policy if renting a Sedona Home - 12/12/10 01:23 AM
Look into landlord insurance When you decide to become a landlord, inform your insurer and ask about a specific landlord insurance policy, sometimes known as a dwelling fire policy or special perils policy. Coverage from a basic landlord policy isn’t quite as broad as a homeowners policy, says O’Brien, but it includes big risks like fire, wind, theft, and ice damage.There are several levels of dwelling fire policies: DP-1, DP-2, and DP-3. The higher the number, the better the coverage. “A DP-3 policy might provide replacement cost on the house and theft of contents coverage for your belongings,” says Millar.Expect to pay (2 comments)
Foreclosure Rules for Sedona AZ Homes - 12/09/10 10:05 PM
Are there rules for submitting an offer on a Sedona Foreclosures in the Sedona Real Estate Market? Well, there aren't set rules - however, there is some good general rules that any consumer looking to buy a Foreclosures in Sedona should know. Our time frames mean nothing to the bank. Don't expect a response quickly The banks figure that when they finally respond to your offer, you will either proceed (time for acceptance stipulations be damned) or we’ll go away. They don’t much care which one you do. Now the back and forth of negotiating happens. Expect this negotiating to be verbals on the bank’s part. (1 comments)
The Truth About AppraisalsKnowing the Guidelines Solves the Mystery The appraisal process often baffles consumers. They may feel that their home is worth a higher dollar amount, and so the appraised value doesn't always make sense to them. It is important to know that the appraiser is completely independent from lenders, buyers, sellers, and real estate agents, and that the guidelines to which they adhere are dictated by the Uniform Standards of Professional Appraisal Practice (USPAP) and Fannie Mae. In (0 comments)
So selling Sedona AZ Homes in this foreclosure times is very interesting for a number of reason. First, I have many seller's whose homes are worth less than what they owe, and because they have jobs and investments cannot do a short sale. So they are opting out of "A Strategic Default". A glorified way of walking away from their home or investment property. But a Foreclosure is still a foreclosure and that is what it is. Now, I know this is nothing new. But here is where it gets interesting. I have had seller's stop paying their mortgage and (0 comments)
Buying a Sedona AZ Home at an auction can be a very terrfic experience IF you KNOW what you are doing. That's it. We don't usually have that many homes at auction like Phoenix. In fact, Sedona AZ Home aren't usually at auction. In the last year (and this is from memory) I would say upward of 2 dozen homes have been sold at auction. Most of the time cash is King. However, many auction houses have partnered up with lenders to obtain financing for qualified buyers. But you will need to have your ducks in a row about your financing BEFORE you (0 comments)
Trends that may affect the Sedona AZ Home Market - 12/02/10 10:05 PM
This isn't really about Sedona AZ Homes for Sale - but are the "7 Trends That Will Drive the Future of Housing" from Hanley-Wood's ProSalesOnline.com Supposedly these will have the biggest impact on housiing in 2011.
1. Big builders are wringing the extras out of construction costs and dropping the national average cost-to-build 36 percent to $52 per square foot. 2. Starting in 2011, Energy Star will ramp up its efficient design and quality installation standards. To get Energy Star certification, builders will have to install the right insulation, HVAC systems, and other features related to energy efficiency correctly every (1 comments)
<div> <p>This isn't really about Sedona AZ Homes for Sale - but are the "7 Trends That Will Drive the Future of Housing" from Hanley-Wood's ProSalesOnline.com Supposedly these will have the biggest impact on housiing in 2011.<br /> <br /> 1. Big builders are wringing the extras out of construction costs and dropping the national average cost-to-build 36 percent to $52 per square foot.<br /> 2. Starting in 2011, Energy Star will ramp up its efficient design and quality installation standards. To get Energy Star certification, builders will have to install the right insulation, HVAC systems, and (0 comments)
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.