sedona arizona real estate rick wesselhoff homes land property buyer seller: Important information for Sedona area homeowners - 04/29/08 01:27 PM
This November there's going to be a Citizens Initiative on the ballot that will directly affect your pocketbook. This initiative is Article 9, Section 24 - and will prohibit new taxes on the transfer or sale of your home, land, or business. Typically, once these Transfer Taxes are initiated, the rate can be increased by the state, county or city at will. This act that we're all voting on will once and for all eliminate the idea that such a tax can be enacted.
This transfer tax that the measure opposes will be anywhere from 1% to 4% of your home's value... … (0 comments)
|
sedona arizona real estate rick wesselhoff homes land property buyer seller: Sedona Luxury Real Estate shines... - 03/19/08 11:35 AM
Spring has come early in the Sedona Luxury Real Estate Market - there's been a flurry of activity already this year in the $1M-$1.5M range. There are currently a handful in escrow and lots of other lookers trying to negotiate a deal in this range. Activity seems to be high right now... it doesn't hurt that it will be 70 degrees or more and no clouds for a few months. That always makes an impression on people from out the area. It also helps that prices are reasonable due to the increased inventory. (that is to say... sellers realize the increased inventory and most have made … (0 comments)
|
sedona arizona real estate rick wesselhoff homes land property buyer seller: Mountain Gate Fiasco in AZ - 03/19/08 11:22 AM
About 20 miles from Sedona there's a planned community in Clarkdale AZ named Mountain Gate. It's a development done by Empire Homes done in several phases with about a dozen or more different floorplans. A few years back it was the rage because they were building for a price unheard of in Sedona... and it was appealing to buyers looking for local property (without the red rock views or Sedona mailing address) for an affordable price. Well, it all came tumbling down a week or two back when Empire declared bankruptcy. It's in all the local papers and it's affecting lots of people that live there. … (0 comments)
|
sedona arizona real estate rick wesselhoff homes land property buyer seller: Short Sales and Foreclosures changing the face of Sedona Real Estate - 03/19/08 11:20 AM
Springtime is here in Sedona and with it come the travelers and sunseekers from all over the country. This year we're also seeing a fair number of investors coming back to town due to the fantastic deals that can be had in just about every price category. No matter what price range buyers look in... they'll find a smattering of underpriced homes that can only make them smile. For a while it was the under $600k market that saw it's fair share of short sales and foreclosures, but now there are some in the $800-$1M range and some over $1M as well... … (2 comments)
|
sedona arizona real estate rick wesselhoff homes land property buyer seller: Changes coming for the Sedona Lending Community? - 03/05/08 12:34 PM
The president's plan to relieve homeowners is about to take place. My understanding is that the limits for conventional loans will be pushed up in Yavapai County. That is to say... you'll be able to obtain a loan for up to the low 700k range as a normal loan. In the past, anything over 417,000 was a JUMBO loan - requiring more paperwork, effort and additional cost (in the way of higher rates). This effectively pushes the Jumbo rate up to the mid 700's and above. This will help Sedona area homebuyers because our pricing is higher than the national average. … (0 comments)
|
sedona arizona real estate rick wesselhoff homes land property buyer seller: Down payments on Sedona Homes - 03/05/08 12:33 PM
I've heard of a case that shows how lenders are tightening up... and this might help you when looking for a Sedona home. Recently, a self-employed buyer with 750+ credit score was trying to buy a Sedona home with 20% down. A certain lender told the buyer that because the market is sliding, that he'd need to put an additional 5% down to secure the loan. The buyer ended up shopping the loan with a few other local lenders and found one quickly who would lend money to him. These tight restrictions are starting to affect us here in town, but if … (0 comments)
|
sedona arizona real estate rick wesselhoff homes land property buyer seller: Sedona Real Estate Appraisal issues - 03/05/08 12:17 PM
I understand through a few channels that local appraisers aren't using Short Sales and Foreclosures when evaluating market value of properties that are not in distress. My take is that this is a good thing, but what do you think???
Sedona Real Estate
… (0 comments)
|
sedona arizona real estate rick wesselhoff homes land property buyer seller: Spring has Sprung in Sedona, AZ - 02/21/08 01:11 PM
Our busy buyer seasons for Sedona Real Estate are Spring and Fall. Although most of the country wouldn't call this spring - the weather is nice and it's feeling like spring (especially when you see the number of visitors in town right now!). Buyer activity has picked up dramatically with many people looking at the 400+ homes currently available in Sedona. There are so many deals to be had through short sale, stressed sale, foreclosure that it's bringing the average sale price down and starting to affect the sellers that aren't stressed to sell. Bottom line - it's a great time … (0 comments)
|
sedona arizona real estate rick wesselhoff homes land property buyer seller: Sedona Propterties - February 2008 update - 02/11/08 11:10 AM
Well, our busy season for the Sedona Real Estate market is due to start in a few days. Generally we're supposed to be slow during the first 6 weeks of the year, but this year has changed. I'm guessing that the huge number of properties on market and low prices have been driving the current Sedona Real Estate Market. There are deals in every price category and buyers have kicked the year off snatching up the best deals in the area. If you're looking to buy in Sedona, I don't think you'll find a much better time to buy. Inventory is … (0 comments)
|
sedona arizona real estate rick wesselhoff homes land property buyer seller: Super Bowl effects - 02/05/08 01:19 PM
Well... I guess I was right. The Super Bowl last Sunday brought thousands of tourists through the Phoenix area from cold weather locales. Any trip to Phoenix isn't complete unless you take the 90 minute drive up to Sedona (so everyone says...) I predicted a few weeks back that we'd see some heavy activity during that time and make our usually slow January Sedona Real Estate market start to pop. It looks like I was right - activity in pending sales is approx 3-4 times the activity level from January. I put 2 properties into escrow over the weekend - and … (0 comments)
|
sedona arizona real estate rick wesselhoff homes land property buyer seller: Search Engine Placement - 02/01/08 01:44 PM
I've been working with my webmaster to increase organic search results when searching the web. I'm sure that thousands of others in this network realize this - but I'm learning quickly that each word counts on your homepage. Other tidbits I learned through GoDaddy:
1) Reserve your domain name for as long as possible (10 years)- Google will place you higher if you look permanent to them...
2) Build as many link partnerships as possible - from your home page - it counts more
3) The 5% rule is key when using keywords. It's like playing verbal sudoku - pick what you want to … (3 comments)
|
sedona arizona real estate rick wesselhoff homes land property buyer seller: Sedona loans about to become easier... - 01/28/08 10:33 AM
Wow... I just heard great news that affects almost every buyer looking for Sedona Real Estate. As you may or may not know, the federal government has put forth an economic stimulus package to help people with their home loans. The most important piece of this that's been proposed is a higher limit on conforming loans. The current top loan amount is $417k - anything more is considered a Jumbo loan and has much higher rates. In places like Sedona, where prices are higher - Jumbos are common... so this proposed plan will raise the $ amount to $625k. This will make more … (0 comments)
|
sedona arizona real estate rick wesselhoff homes land property buyer seller: End of January 2008 - Sedona update - 01/25/08 05:39 PM
Buyer activity has been fairly high over the last week. Lots of lookers seem to be in town, but there's not too many properties going into escrow. It is a good sign that clients are looking at the amazing deals on properties in the Sedona area. Between the foreclosures, high inventory, and sellers realizing this and notching prices downward - there are plenty of fantastic deals on Sedona area real estate right now. … (0 comments)
|
sedona arizona real estate rick wesselhoff homes land property buyer seller: Sedona Vacation Rentals - 01/25/08 05:30 PM
This has been one of the hottest topics in the world of Sedona real estate for the last 6 months. As you may or may not know, people in town have been renting their fully furnished homes out to visitors for years. It's been illegal in name only for a long time - and the city recently has decided to crack down on homeowners violating the law. It's a city statute that residential properties must be rented out for at least one month.... and there have been lots of people breaking the law for years with little to no negative impact upon … (0 comments)
|
sedona arizona real estate rick wesselhoff homes land property buyer seller: Super Bowl Effect - 01/17/08 09:44 AM
The Sedona real estate markete typically heats up starting at the end of February... but with the Super Bowl held in Phoenix this year - we're expecting lots of visitors in early February. If you're debating on when to put your home or vacant land on the market and you're waiting for spring - you might want to think again. Try to put your home on the market before the Super Bowl rush!!!
www.sedonahomesandland.com
… (3 comments)
|
sedona arizona real estate rick wesselhoff homes land property buyer seller: Sedona Real Estate January 2008 Update - 01/16/08 05:39 PM
It feels like there are buyers out there again... there are certainly lots of lookers and calls. They're not all translating into actual sales, but it sure feels good to show properties and see all the interest. I'd guess that they're looking in the middle and upper ranges but the lower end seems ok too. There are more properties in the lower prices that need to sell and have dropped prices significantly... so come to town and take your pick. There's great deals in homes in every price range!
www.sedonahomesandland.com
… (0 comments)
|
sedona arizona real estate rick wesselhoff homes land property buyer seller: Sedona Prices are low! - 01/16/08 05:36 PM
I was on our weekly Thursday - Realtor tour of the newest homes on market and I saw something unbelievable. There's a house in West Sedona priced at $279k... this may not shock you if you're reading this from your home in the Midwest... but 279k for a site built home is unheard of around here. Two years ago, the lot would have sold for more than that... This shows that times (and prices) are changing... and if you act quickly you'll be able to get a fantastic deal on local properties.
www.sedonahomesandland.com
… (0 comments)
|
sedona arizona real estate rick wesselhoff homes land property buyer seller: Fantastic Deals on Sedona Properties - 01/16/08 05:34 PM
I just saw another Short Sale home on the market in West Sedona for an unbelievable low price. It's a short sale - which means that it will sell for less than the mortgage amount that's owed to the bank. These are coming up more often and there are great deals in short sales and homes on the market!
www.sedonahomesandland.com
… (0 comments)
|
sedona arizona real estate rick wesselhoff homes land property buyer seller: Great Deals sub $500k in Sedona - 01/16/08 05:33 PM
As mentioned in earlier posts, the upper end of the market is slowing down. For quite a while there were no homes in escrow over $1M. There has been a little activity in that price range, but the lower end of the market is starting to move. My theory is that there are more owners that need to sell in the lower ranges and they're dropping prices more than in the upper prices. These sometimes significant price drops are inducing buyers to get out their checkbooks and BUY! I'd guess that this will continue for the next year or so... but … (0 comments)
|
sedona arizona real estate rick wesselhoff homes land property buyer seller: Sedona Realtors - 01/16/08 05:28 PM
Sedona-Verde Valley maxed out at 980 real estate agents when the market was hot... I just heard that with the annual dues coming there will be some major fallout. The board office is expecting to have only 780 agents this time next month... We'll probably lose another hundred or so over the course of the year - but this won't affect most buyers or sellers. These agents might not have sold anything in the last year or two anyhow... As a matter of fact - I heard that there were about 1000 home sales in the entire area last year... so if … (0 comments)
|
;)
;)
