12 Sedona Real Estate Bargains

Are you interested in finding a bargain in the Sedona real estate market?  This is a list of the 12 most affordable homes in Sedona real estate. Let’s face it, Sedona may not be the most affordable place to live in Arizona but it does come with it’s perks.  The outdoor lifestyle, the beauty of the region and the active social scene will keep you busy.

Sedona Real Estate – Prices Are Climbing

The cost of Sedona real estate has been climbing and now is the time to consider purchasing a home.  You may not be ready to move yet but buying a Sedona home now can be an effective hedge against sky rocketing prices. read more

Don’t Let Closing Costs Surprise You

A lot of Sedona home buyers believe that saving the down payment is enough to purchase a home.  Don’t forget the closing costs though.

US law requires that a home buyer receive a loan cost estimate from the mortgage lender within 3 days of submitting a mortgage application. Additonally a buyer should also receive a closing disclosure no later than 3 days prior to the close of escrow. The disclosure will include the final terms and details of  the mortgage loan and associated closing costs.

What are Closing Costs?

Closing costs are fees paid at the closing of a real estate transaction. This time is called the closing or close of escrow (COE) is when the title to the property is transferred  to the buyer. Closing costs are typically incurred by both the buyer and seller. Some closing costs are based on the price of the home.

Closing costs are Usually in the 2% and 5% range relative to your purchase price.

Discuss closing costs with your lender as well as your agent and title company.   Together, they can give you a good idea of what it’s going to cost.  The biggest expenses for buyers are typically loan origination fee and or points.  Points are paid when you want to buy down the interest rate. read more

New Sedona Home by Lawler Construction

110 Painted Pony Drive, Sedona AZ – Artist Rendering

Sedona – New Home for Sale $999,000

A great opportunity to acquire a home built by Jim Lawler of Lawler Construction.  Known as one of the finest builders in Sedona, the quality of construction and materials will be evident throughout this home. This new construction home is Energy Star Certified & is situated in the gated portion of Thunder Mountain Ranch subdivision in West Sedona.  This special gated portion of Thunder Mountain Ranch has only 7 lots and adjoins Coconino National Forest.  The home is situated to take in the red rock views from 3 sides of the home & the great room has a sloped ceiling to take full advantage of the panoramic red rock views of Sedona.  read more

Sedona Horses – Flyer and Annie

Annie (Quarterhorse Grulla) and Flyer (NSH) at Horse Mesa Ranch in Sedona Arizona.

It’s a pretty warm day today in Sedona. We decided the horses needed a little cooling off.

Here’s Flyer after getting hosed off on a hot day.  He’s decided to go for a roll and play with his lead.

What Is Private Mortgage Insurance (PMI)?

What Is Private Mortgage Insurance (PMI)? | Simplifying The Market

When it comes to buying a home, whether it is your first time or your fifth, it is always important to know all the facts. With the large number of mortgage programs available that allow buyers to purchase homes with down payments below 20%, you can never have too much information about Private Mortgage Insurance (PMI).

What is PMI?

Freddie Mac defines PMI as:

“An insurance policy that protects the lender if you are unable to pay your mortgage. It’s a monthly fee, rolled into your mortgage payment, that is required for all conforming, conventional loans that have down payments less than 20%.

Once you’ve built equity of 20% in your home, you can cancel your PMI and remove that expense from your mortgage payment.”

 As the borrower, you pay the monthly premiums for the insurance policy, and the lender is the beneficiary. Freddie Mac goes on to explain that:

“The cost of PMI varies based on your loan-to-value ratio – the amount you owe on your mortgage compared to its value – and credit score, but you can expect to pay between $30 and $70 per month for every $100,000 borrowed.”  read more

Great Sedona Chili Cook-Off

If you like chili and you’re in Sedona next May 5th, be sure to go by the Great Sedona Chili Cook-Off.  We volunteered with the Sedona Rotary this year and had a great time.  It took place this year, as in years past, at Tlaquepaque next to Oak Creek.  We mostly sold t-shirts and water for a few hours and then the next shift arrived giving us time to try all of the great chili available.

Two different groups competed this year. We had the restaurants in one group and the municipalities (Sedona, Cottonwood, Clarkdale and Sedona Fire) in the other.  Our first vote went to El Rincon Restaurant which is also in Tlaquepaque.  They offered three different chilis, all good.  They seemed to have a green chile base.

Our favorite amongst the municipalities, with mayors and city council serving, was the Sedona Fires chili.  Heads and shoulders above the others. 

Put this event on your calendar. It’s sponsored by Sedona Rotary Club and the proceeds go to good causes.

Are Sedona Homes To Expensive? Here’s Alternatives

We’ve been told by some clients that Sedona homes are just to expensive, or it’s overpriced.  We can state that it’s not overpriced as Sedona homes are appraising easily for the sales price.  Affordability is a difficult concept and getting people to agree on whats affordable is almost impossible.

We have a lot of people moving to Arizona from California.  They are drawn by the lower taxes and affordable housing.  However, when we speak to people from Texas or the Midwest, we are often told that the Sedona home prices are “ridiculous” and “they are going to have to come down a lot on the price”.  Unfortunately, the Sedona real estate market is determined by supply and demand.  Currently, the list to sold price ratio in the Sedona MLS is running at 96.5%+.  During the next couple months that will likely get closer to 100%. 

Sedona is surrounded by National Forest so we only have a finite amount of developable land. We have 4 million tourists a year which means Sedona is exposed to a wide range of people.  Sedona is one of the most beautiful places in the world and we are privileged to live here.  But, if the price is to high, we have viable alternatives in the surrounding communities.

April 25, 2017 – Closed sales from past 6 months

CityAvg Home Sale (single family, stick built home)
 Sedona $678,590
 Cottonwood $265,813
 Cornville $333,775
 Clarkdale $295,583
 Camp Verde $286,029
 Rimrock $212,578
 Lake Montezuma $209,483

 

What are prices in other areas like?

Arlington TX$192,661
 San Diego $674,999
 Seattle $777,000
 Albuquerque $189,056
 El Paso $122,301
 San Francisco $1,277,400
 Scottsdale AZ $622,000

 
 
 
 
 
 
 

 

 

Considering Selling Your Sedona Home? You’ll Need A Professional Working For You

Thinking of Selling Your Home? Why You Need A Pro in Your Corner
Who’s In Your Corner?

With Sedona home values going up and a growing demand for homes by buyers, a number of home-sellers might be inclined to try to sell independently (FSBO) without the assistance of a experienced Sedona Realtor.

What are Sedona homes selling for?

Most real estate agents will be experienced and trained with strategic negotiation and, typically, the seller isn’t. A home seller needs to be aware that his or her capacity to negotiate will identify whether or not they will obtain the most beneficial offer for themselves and their family members.

8 great ways a Realtor can improve your life

Listed here are people/vendors that the Sedona home owner will carryout negotiations with if they attempt to FSBO

  • The buyer who wants the best deal available.
  • The buyer will likely deduct the commission you saved from the price of the home.  Most buyers see that as something that should be their savings since their purchase ultimately pays for the commission.  We see it all the time.
  • The buyer’s Realtor that is exclusively representing the best interests of this buyer.
  • The home purchaser’s Title & Escrow Company – (here’s our list of Sedona service providers).
  • The home inspection vendors, which are employed by this Sedona home buyer and can find repair issues with the home that have to be negotiated.
  • The termite inspector if there are complications.
  • The home buyer’s bank if the type of mortgage calls for the sellers’ participation.
  • The appraiser if there is a questionable valuation.
  • The title agency in case there are troubles with the CO or other vital permits. Additionally, the town or municipality if you want to find the Certificate of Occupancy permits from the county mentioned previously.
  • The buyers – buyer, in case there are problems with the home your home buyer will be selling aka contingent on sale or contingent on close clause.

    • read more

    8 Great Ways A Sedona Realtor Can Improve Your Life

    Why you should use a sedona Arizona Realtor, Susan Deierling

    via GIPHY

    Buying a home in Sedona Arizona can be exciting, it can also be stressful. To a large extent, your personal experience will depend on the circumstances of the purchase and even more important, the Realtor you choose to work with.

    An awesome Sedona Realtor won’t just get you over the finish line with their abilities, they may also improve your life.

    Here are eight ways:

    1. They Will show you that they care

    In the ultra fast paced world today, everyone’s attention is short.  Aren’t we all a little ADHD?  An awesome real estate professional will prove that is not always the situation.  They listen and care about you and your real estate needs.   Being a great listener helps a real estate agent do the job better, they will demonstrate to you that in business, people are still out there that care.

    2. They could save you a great deal of money

    An old saying goes, “If you believe hiring a professional to do a job is too expensive,  just wait till you have an amateur do it.” Hiring an awesome Sedona Realtor could save you tens of thousands of dollars.  Inside knowledge of the Sedona real estate market and homes could save you from buying a money pit.  Also, an awesome Realtor will negotiate for you and will know what roadblocks to look for as the home purchase moves towards closing, saving you money.

    3. They will help you Look at things differently

    An awesome Sedona real estate professional can have an effect on your perspective.  As an example, you have a list of wants and needs in a home, but an awesome Realtor can take that list and will sometimes find a better choice. Probably something that you hadn’t considered.  Indoor woodworking shop becomes climate controlled yoga and work out studio.

    4. They can do more than buying or selling sedona homes

    An awesome Sedona real estate agent will help in many ways you hadn’t considered.  Realtors are local experts and can recommend contractors and Sedona service providers.  Your Sedona Realtor can give recommendations on design or just help find the best places to eat in your part of Sedona. Awesome real estate agents bring value to a transaction,they are your first resource for all things real estate related.

    5. They can locate something that nobody else has

    Awesome Sedona real estate agents may not be miracle workers, but can come close.  They can surprise you with something new,  whether it’s finding a home that’s off-market or about to be on the real estate market that you would not know about otherwise. It may be  a recommendation to solve a problem that they’ve seen before. An awesome Sedona Realtor is forward thinking, problem solving and  proactive to find your Sedona Arizona dream home.

    6. They can reduce a lot of stress

    With an awesome Sedona real estate agent comes peace of mind. Many things can go wrong (even horribly wrong) during a home purchase, but an experienced Realtor can anticipate issues ahead of time and propose solutions.  We’ve seen just about everything that can go wrong in the sale of a home in Sedona.

    7. They will fight for you when it matters

    You can depend on your awesome Sedona Realtor when it hits the fan.  Expert at Sedona MLS searches to drill down to the right property,  to negotiations, to getting the transaction through when obstacles stand in the way,  An awesome Sedona real estate agent isn’t scared of adversity and can fight for your interests.

    8. They can become life long friends

    Perhaps your Sedona real estate agent isn’t your friend,  you may eventually become friends.  Relationships and real estate is more than just individual transactions and awesome agents know it!

    Give us a call if we can be of any assistance! 928-451-6098

    HOMES TO LOOK AT!!!

    8 Tips How to Buy Homes in Sedona AZ

    Sedona luxury home map search, buying a sedona home

    How to locate the Sedona Arizona Home:  How to work a Sedona Realtor to ensure you get the best deal possible.

    So you are purchasing your first house in Sedona Az. Your very own house and a home loan. Somewhere to call your own.

    It’s a huge move. Buying a home takes a considerable level of investment and time. The path may not turn out to be simple. Can’t be always intuitive. However Nevertheless should you get the house keys to your new Sedona Arizona house, that can become may turn out to be just about the most gratifying emotions ever in your life.

    The important thing to getting there? Understanding the home buying experience. Being aware what strategies can be at your fingertips. And most importantly building partnerships using real estate agents who will assist you to deliver the results.   We will explain to you not only the key strategies you’ll take during the home buying processes, and show you any associations and real estate agents you will need as you go along.

    Here’s the 8 tips for success when buying Sedona Arizona homes, yes, we have clients that buy more than one.

    Research
    Everybody wants to jump straight into weekend open houses. Prior to even enter in to your inside the front door, you’ll want to determine your list of “ This checklist can be an inventory of items for the search for a Sedona house. Plus there’s so much to decide: the particular house, the community, school plus much more – to simply identify some.

    Choose a Sedona AZ Real Estate Agent – Realtor (National Association of Realtors and the Arizona Association of Realtors)
    The relationship with your real estate agent will be the foundation of the home-buying processes. They’re the very first consultant you can meet up with on the quest, and also person you can depend upon the most. That’s exactly why it’s essential to interview real estate agents in order to find the realtor who is right for your specific needs.

    Select a Lender
    Once you’ve found your real estate agent ask him or her to recommend at least three or more mortgage companies which will meet your personal finance demands. This is one more big step, you will certainly be coordinating with the mortgage lender very closely while in the property project. After you’ve picked out a mortgage company, you are going to work by using the loan people to decide which house loan program is best for you. You will take into account the actual percent of your salary you would like to spend for your house, and you’ll provide the mortgage provider with documentation demonstrating proof of salary, employment position, and also additional necessary financials. As long as it goes good you will become qualified for your mortgage for a specific dollar amount.

    LATEST LISTING TO HIT THE MARKET IN SEDONA ARIZONA

     

    What’s out there for Sedona Homes – What’s your top picks?

    Now that you now have together a realtor which has learned all your housing preferences and also your budget – and a mortgage provider who can fund on a property inside of the budget now it’s the moment for you to get dedicated on the subject of viewing properties. Your realtor will present real estate listings you may love primarily based upon your primary parameters (price range, subdivisions, amenities), and is going to assist you picking the top notch Sedona Arizona MLS listings found on the internet. Personal tours of houses will allow you the chance to evaluate the properties in a way you can not over the internet.

    Come up with an Offer
    When you choose the Sedona Arizona home you’d plan to invest in, you’ll work with your own real estate agent to successfully craft a good offer to purchase which not only identifies the amount you’re offering to pay for the Sedona property but also the close of escrow date in addition to contingencies that must be approved with both the everyone involved, such going through inspections and figuring out what repairs are required.

    Obtaining the very Best Bargain
    Some Sedona property owners simply settle for the best offer to purchase they receive, but plenty of owners try to make a counter offer. If that happens, it truly is your choice to make a decision whether or not you would want your own real estate agent to negotiate with the homeowner or just walk away. The real estate agents job is to provide value  by utilising professional negotiating skills on your behalf and get the very best deal.

     Appraisal Value Difficulties in Sedona AZ read more

    Sedona Real Estate News

    Troy & Susan Deierling
    Realty Executives Northern Arizona
    1165 W AZ-89A, Sedona, AZ
    (928) 451-6098 Susan
    (928) 202-0700 Troy

    928-451-6098
    myteam@susanandtroy.com