sedona real estate: 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 real estate: Filing a Water Damage Claim on your Sedona AZ Home For Sale
- 01/31/11 02:01 AM
When selling your home in the Sedona AZ Home Marketplace - you had better think twice before filing a water damage claim. Water damage accounted for about one-fifth of all insurance claims in 2007, says the Insurance Information Institute, with an average amount of $5,531. But insurers claim can , which insurers say may reflect poor home maintenance and better odds that you'll eventually file even bigger claims for mold-related expenses. Depending on your insurer, filing two water-related claims within a five-year period could earn you a premium hike at renewal time or get you dropped altogether. It could also make it harder to … (0 comments)
sedona real estate: 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 real estate: 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 real estate: Building Prices in the Sedona AZ Home Market
- 12/27/10 09:08 AM
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 real estate: Land Ho is up in the Sedona AZ Home Market
- 12/22/10 04:15 PM
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)
sedona real estate: 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 real estate: 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 real estate: 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)
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 real estate: Cheap Sedona AZ Home for Sale
- 11/17/10 05:32 AM
THIS home is a "No Brainer". It's remodeled. It's new. It has views. It's got class. It's cheap. It's close to town. No Brainer! Listed for $329,000. 5 Minute Walk to Town. 3 Full Bedrooms and 3 Full Baths. And the whole House looks like this!!! No Brainer! MLS 127736 Contact Me: FACEBOOK, EMAIL, CALL - 928-301-0669 … (0 comments)
sedona real estate: Foreclosure Mess impacts Sedona AZ Homes
- 11/15/10 01:49 PM
It's all over - not only in the Sedona AZ Home marketplace - but in Wisconsin, California, Nevada, within our neighborhoods. Foreclosures that continue to drive the market D.O.W.N. I think the feds, the white house, and all on Cap Hill have their heads so far in the sand about this they are clear to China or are just plain stupid. Either way - this is going to be here for quite some time and I have recently read 3 new ways to combat the foreclosure mess. 3 New Anti-Foreclosure Strategies Here are three programs that are considered promising replacements for … (0 comments)
sedona real estate: Sedona AZ Land Market better than Sedona AZ Home for Sales
- 11/14/10 06:21 AM
The Sedona AZ Homes for Sale market may be stagnant but it looks like th Sedona Land market is improving a little. The Median sold price for the year is $132,400. Which is up from last year's 10 year low of $121,000 . The good news is that the sold prices have trended up a bit and we have sold more lots this year so far (79) than from 07-09. In fact we haven't seen this much activity since 06 when we sold 105 lots in the same time frame. Prices have dropped to a point where buyer's are now buying. In … (3 comments)
sedona real estate: Cold Hard facts about the Sedona AZ Homes for Sale Market
- 09/19/10 06:45 PM
The hard cold facts about the Sedona AZ Homes For Sale Market. •· The amount of Foreclosures and Short sales will continue. •· In the Last Year -41% of our sold inventory was a foreclosure or a short sale •· Since January 10 - 42% of our sold inventory was a foreclosure or a short sale •· The median price in Sedona from this time last year has dropped by 9% •· From January till now - the Median Sold price has been $385,000 •· In the last 4 months - the median sold price has dropped to $371,000 •· Currently there … (4 comments)
sedona real estate: Sedona Vacant Land Sales continue to be a great time to buy
- 09/10/10 07:39 AM
For those of you who can't find a Sedona Home for Sale to buy- why not purchase vacant land? The land prices continue to march downward and we have over 400 listings to choose from. Of all the solds - over 60% were either a foreclosure or a short sale. So let's remember if you don't find the house of your dreams for sale in Sedona, there is always land available in a gated community, horse property, or in town. And considering that Sedona is surrounded by National Forest - it only makes sense that it would be a great investment … (1 comments)
sedona real estate: Rental Guidelines for buying a Sedona AZ Home
- 09/07/10 12:14 PM
When someone buys a Sedona AZ Home for Sale many times they want to rent it out until they can totally relocate to the area. I got the following tips from Ryan Moeller from Bigger Pockets and I want to share them with you. 1. Don't count on Appreciation. That's a bonus 2. Watch your loan-to-value ratio. Ideally, the total cost of the purchase, fees, and repairs should be no more than 70% of the appraised value of the property in good condition 3. Maximize annual return. Aim for properties that can be rented for at least 1.5% to 3% of the … (0 comments)
sedona real estate: Sedona AZ Home Seller need to price their homes to SELL not to SIT
- 09/01/10 07:10 AM
Well, when the competition in the local paper states that Sedona AZ Home Sellers need to price their homes competitively to sell - I can't take the blame! If your home is too high, it will not sell. If no one sees your house - it's priced too high. If you have had more than 10 showings and no one has made an offer on your house - it is too high. If your realtor faints when you tell him what you want to list the house for - it's too high. And quite honestly, why would you hire a realtor who … (0 comments)
sedona real estate: Sedona AZ Home Market impacted by foreclosures
- 08/31/10 02:44 PM
Well - as the saying goes..."We live in an interesting time" and I think that can be said for the state of the Sedona AZ Home Market Real Estate in Sedona and the National Level. As we all know, foreclosures continue to bring our median price point downward and yet only represent 10% of the Active Listings. Yet make up 33% of all the sales in Sedona. 33%. Short sales represent 10% of the sold inventory. So almost ½ of all of the homes sold in Sedona is a foreclosure or a short sale. If you are a seller - listen … (0 comments)
sedona real estate: Sedona AZ Homes for sale contineu to feel the impact of foreclosures
- 08/23/10 06:29 PM
Well - as the saying goes..."We live in an interesting time" and I think that can be said for the state of Real Estate in Sedona and the National Level. As we all know, foreclosures continue to bring our median price point downward and yet only represent 10% of the Active Listings. Yet make up 33% of all the sales in Sedona. 33%. Short sales represent 10% of the sold inventory. So almost ½ of all of the homes sold in Sedona is a foreclosure or a short sale. If you are a seller - listen carefully with BIG, BOLD letters. … (1 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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