sedona real estate for sale: Sedona Real Estate and Sedona Homes for Sale - Shadow Foreclosure Inventory - 02/28/11 04:07 AM
Is there a shadow inventory of bent up foreclosure homes that will be affecting the Sedona Real Estate and Sedona Homes for Sale Marketplace?  Well, I can answer that question in 3 parts.  1) Currently in Sedona - there are 297 active home and only 15% of those homes are foreclosures or short sales, with only 19 homes in the Foreclosure side of that equation. The Sedona Real Estate market has hovered around 23 to 25 foreclosure homes for the last 2 years - so that number is historically low.  Now, here is where we are going to through those stats … (0 comments)

sedona real estate for sale: Sedona AZ Homes for Sale attracts International Buyers - 02/07/11 02:09 AM
 
The Sedona AZ Homes for Sale Market has had it's share of international buyers.  With the majority of that business coming from Canada and Europe. However, quite recently I have had clients as far away as China into to Sedona to "buy" in Sedona.  Something that I find very interesting.  It is a known fact that the United States real estate offers a lot of bang for your buck, according to a new survey that shows U.S. homes are the cheapest relative to incomes among English-speaking nations. Australian homes — which have a median price of $454,000 — were found to be the most unaffordable … (2 comments)

sedona real estate for sale: Selling a Home Short in the Sedona AZ Homes for Sale market and Credit - 02/02/11 01:45 PM
 
When Selling a Home in the Sedona AZ Homes for Sale Market, seller's want to know how a short sale or a foreclosure will affects their credit score in the future.  Well, the proof is in the pudding... Read on: The following comes from Fair Isaac, which developed FICO scores, comparing two people to explain how mortgage delinquencies affect credit scores.Fair Isaac derived these numbers from a theoretical calculation based on hypothetical borrowers – one with an initial score of 680 and one with an initial score of 780. FICO scores range from 300 to 850.The hypothetical person behind the 680 … (0 comments)

sedona real estate for sale: Do you need an attorney when selling a home short in the Sedona AZ Home Market? - 01/25/11 01:58 AM
So you have hired the right agent to sell your Sedona AZ Home for sale as a short sale.  You have a contract.  It's at the bank.  The realtor is telling you -you have nothing to worry about.  You are pretty confident that you have a nonrecourse note and you won't get slapped with a deficiency judgment by the lender.  So do you need an attorney?  Let me answer this question with a question.  If I have a pain in my leg, and a physical therapist tells me it's just a pain and nothing to worry about - am I still … (0 comments)

sedona real estate for sale: 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 real estate for sale: Sedona Luxury Homes are showing signs of Life - 12/26/10 01:25 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)

sedona real estate for sale: 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 for sale: Holiday Stuff to do while you look for a Sedona AZ Home - 12/19/10 11:21 AM
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)

sedona real estate for sale: Challenge your Sedona AZ Home Real Estate Assessment - 12/14/10 04:25 PM
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)

sedona real estate for sale: Cash for Keys offer Sellers in Sedona AZ Home market to foreclose - 12/06/10 07:06 AM
 
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)

sedona real estate for sale: With Tax Credit Gone Sedona AZ Homes rip for Investors - 09/16/10 07:21 PM
Sedona AZ Home market and the surrounding Verde Valley markets are getting primed for investors.  Recently, I have seen Sedona properties picked up through a foreclosure, spruced the place up a bite, and relisted.  That is happening more and more throughout Cottonwood and Sedona as prices continue to fall. I have even been told that we have investors in the under 100K range in Cottonwood who are buying townhomes site unseen.  Nationally, the investor's have brought up 1/5 of all properties and with the tax credit gone - I see that going up as prices continue to fall in the Sedona … (2 comments)

sedona real estate for sale: Update on Sedona Real Estate - 10/21/08 04:17 AM
Market Report for October 2008:Number of Residential Sold Listings is down by 15% since October 2007.  The Median Price point is $500,000.  Our Sold Listings are down by 2% from July 08.  There are currently 532 active listings on the market, up from 517 in July 08.  There are currently 26 Pendings on the Market down from 32 in July of 08.  The Luxury Home Market is down by 47% from October 0f 2007 with an median sold price of $1,550,000.  There are currently 121 active listings in the luxury market - and 3 pendings.  The vacant land market is down … (0 comments)

 
Barbara Baker, Sedona Arizona (Barbara Baker Realty - Sedona's Elite Boutique Real Estate Firm)

Barbara Baker

Sedona Arizona

Sedona, AZ

More about me…

Barbara Baker Realty - Sedona's Elite Boutique Real Estate Firm

Address: 1120 W. SR89A - Ste A1, Sedona, AZ, 86336

Mobile: (928) 301-0669

Sedona Real Estate, Sedona homes for sale, sedona realtor


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