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.
Here’s a series of pictures from the snow storm. Looks like we have about 2 feet so far. Some pictures are attributed to our neighbor Brent Henkle.
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.
New Sedona Real Estate
Sedona home for sale at 740 Mountain Shadows Dr in West Sedona. Lovely home built in 2013 and ready for you to move right into.
For more information, Call Susan 928-451-6098 or Troy 928-202-0700
Sedona real estate statistics for single family homes.
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.
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.
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.”
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.
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
|City||Avg Home Sale (single family, stick built home)|
What are prices in other areas like?
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.
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.
Listed here are people/vendors that the Sedona home owner will carryout negotiations with if they attempt to FSBO
#sedona #realtor Sedona Realtor
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!!!