sedona foreclosures: More Borrowers underwater on mortgages will affect Sedona Homes for Sale
- 02/14/11 02:50 AM
Well, CNN Money just came out with the following newswire - "More Borrowers Underwater on Mortgages". This in itself will continue to affect the home values in Sedona Homes for sale pulling the market downward even more. The article goes on to say, that with home prices still dropping in some areas during the last three months of 2010, more home owners are now finding themselves underwater on their mortgage, according to Zillow.com quarterly survey. Twenty-seven percent of home owners with mortgages nationwide owe more than what their homes are valued--a 23.2 percent increase from just one quarter earlier. Underwater mortgages … (0 comments)
Upcoming Financial indicators to look for this Week that may affect Sedona Real Estate There were some financial indicators from last week that could impact anyone buying a home especially a second home in the Sedona Real Estate market. They are as follows: Last week was not a happy one for folks who need a mortgage. Mortgage rates were as much as .25% higher than they were at the beginning of the week. The reasons include a big stock market rally, and very strong data including productivity and factory orders. These factors eclipsed the disappointing jobs number. Remember that in an … (0 comments)
sedona foreclosures: What qualifies as a Short Sale Hardship in selling a Sedona AZ Home?
- 01/21/11 04:15 AM
What Qualifies as a Short Sale Hardship? Sellers aren’t entitled to a short sale just because they’ve lost equity in their home. Lenders look for other hardships when approving short sale transactions. Here are the standard reasons for a short sale hardship that will have to be fully documented in the short sale process for the lender to even consider a short sale: Job loss Illness Divorce Death of spouse Natural disasters Bankruptcy However, besides a hardship, lenders also consider whether the home’s value has dropped, the mortgage is near or in default (you don’t have to default to qualify but you … (2 comments)
sedona foreclosures: Sedona Housing Prices Drop so why is my Sedona AZ homeowner's insurance rising?
- 01/18/11 04:07 AM
So my Sedona AZ Home isn't rising and yet my homeowner's insurance policy keeps going up? How come? Home prices are falling across the country, but many home owners are paying more to insure their homes. So why is insurance going up when a home’s value is going down? In an article from MSNBC titled" Home Prices are down, so why not insurance" explains it as the following: “The price of homeowners’ insurance is based on the cost to repair or rebuild your home. The price of a home is based on the market value of that home and the land upon which … (3 comments)
sedona foreclosures: Future of Sedona Condominum Sales
- 01/14/11 05:17 AM
Many buyers come into to the Sedona Homes for Sale marketplace not wanting a typical home but the ease and safety of a condominium. All of the Sedona AZ Condominium Association will have some kind of monthly fee associated with them. Most of these fees typically cover "common expenses" shared by all owners, i.e. outside common area maintenance, exterior insurance on the building, exterior maintenance of the buildings, pool care and cleaning, etc. Most of my buyer's who have purchased condominiums do so because the condo serves as a true 2nd home and the owner doesn't want to worry about the exterior of the … (0 comments)
sedona foreclosures: Sedona AZ Homes for Sale tied to Unemployment Picture?
- 01/12/11 03:34 AM
People often wonder if the Sedona AZ Home Sale Market is influenced by the national job market. Historically, that has not been in case, and Sedona is primarily influenced by the cash at hand for the 2nd home buyers and the overall confidence that the consumer feels about the national economy. But on the National front, the employment picture in the US has brighten. And as we all know, demand for housing is fueled by consumer confidence levels. And nothing impacts those levels more than how consumers feel about the job market. We had three major releases last week that gave … (1 comments)
sedona foreclosures: Where do we go from here when selling a Sedona AZ Home for Sale
- 01/10/11 07:23 AM
What's a seller to do when selling a home in the Sedona AZ Homes for Sale marketplace in 2011? Price, price, price, price, price. And in case you haven't heard me - price. Sometimes it takes many times for seller's to understand that in today's market - we have savvy internet buyer's who are not buying only on emotion - but also want a fair deal. No one - not even your Aunt Mildred is going to buy your home unless it is based on FAIR MARKET VALUE. And how is that determined? The other solds in the neighborhood and the active listings. HOWEVER, … (0 comments)
sedona foreclosures: New Tax Laws for renting a home in the Sedona AZ Home Marketplace
- 01/09/11 05:31 AM
AZ Tax Requirements for Landlords Starting in 2011, there is a new tax requirement for landlords whether or not you own a home in the Sedona AZ Home market or anywhere in the States. All landlords who receive $600 or more in rent for the year must send a 1099 to all service providers that the landlord paid $600 or more during the year, such as plumbers, carpenters, yard services, and repair people. The new requirement applies to owners of both residential and commercial property in the Sedona AZ Home market to anywhere in the states. Prior to 2011, this requirement … (2 comments)
sedona foreclosures: Updated Market for Sedona AZ Homes for Sale
- 12/16/10 01:15 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)
sedona foreclosures: Is it time for a Bull Market for Sedona AZ Homes?
- 12/13/10 02:35 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)
sedona foreclosures: Get Landlord Policy if renting a Sedona Home
- 12/11/10 05:23 PM
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)
sedona foreclosures: Foreclosure Rules for Sedona AZ Homes
- 12/09/10 02:05 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)
sedona foreclosures: Buying a Sedona AZ Home at Auction
- 12/04/10 05:19 AM
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)
sedona foreclosures: Trends that may affect the Sedona AZ Home Market
- 12/02/10 02:05 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)
sedona foreclosures: Trends that may affect the Sedona AZ Home Market
- 12/02/10 02:04 PM
<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)
When your gas bill arrives, you probably react like most homeowners—you glance at the amount owed, tear off the payment coupon, and throw the rest away. But if you use natural gas to warm your house, heat your water, and cook, there are clues lurking in your bill that can help you to better understand exactly what you’re paying for. Once you know the basics, you can use that knowledge to save energy and reduce costs. How … (0 comments)
sedona foreclosures: The Future of Sedona Homes
- 11/27/10 03:27 AM
Well the Sedona Homes for Sale Market continues to plug away despite the foreclosure and the short sale market. The number of sold homes has actually improved dramatically - up by 18% from this time last year with 42% of the market either being a foreclosed or a short sale home.Sedona Home Prices started to climb at the beginning of the year with the highest point at the end of April - and have tapered downward since then and are currently 6.5% lower than this time last year. That April Surge was probably due to the tax credit expiring in June.Even … (1 comments)
sedona foreclosures: The Future of Sedona Homes
- 11/27/10 03:25 AM
Well the Sedona Homes for Sale Market continues to plug away despite the foreclosure and the short sale market. The number of sold homes has actually improved dramatically - up by 18% from this time last year with 42% of the market either being a foreclosed or a short sale home.Sedona Home Prices started to climb at the beginning of the year with the highest point at the end of April - and have tapered downward since then and are currently 6.5% lower than this time last year. That April Surge was probably due to the tax credit expiring in June.Even … (0 comments)
sedona foreclosures: Perfect Snow Bird Retreat
- 11/27/10 03:17 AM
This is a fantastic Patio Home in one of Sedona AZ Home's best Subdivision - Canyon Mesa. With such wonderful priviledges that include FREE golf, pool, tennis, and use of the community club house. This home has superior views when comparing it to most other and best of all opens out onto National Forest so you can hike to your hearts content. This home has been reduced for a quick sale and the seller's will look at offers. So give me a call and let me show you this home - I'm bettin' you will never want to leave. Contact Me: FACEBOOK, EMAIL, … (0 comments)
Well, CNN Money just came out with the following newswire - "More Borrowers Underwater on Mortgages". This in itself will continue to affect the home values in Sedona Homes for sale pulling the market downward even more. The article goes on to say, that with home prices still dropping in some areas during the last three months of 2010, more home owners are now finding themselves underwater on their mortgage, according to Zillow.com quarterly survey. Twenty-seven percent of home owners with mortgages nationwide owe more than what their homes are valued--a 23.2 percent increase from just one quarter earlier. Underwater mortgages … (0 comments)
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