Sedona Real Estate - Sedona AZ

Return on Investment for Real Estate

2010-07-17T13:46:00Z

I received this following from a wonderful friend of mine who is a local lender in the Sedona Real Estate Market - Lindar Rogers (928) 301-0822 and I would like to share it with all of you. I was talking to two agents today about how we have come to view our homes as an investment and not just as a home anymore and how that has led to so much discontent and upset over the real and perceived losses in home values. People are seriously wondering if they should invest in real estate at all. I thought...(read more)

Sedona AZ Home for Sale Market may be starting to improve

2010-07-13T12:54:00Z

Latest Market reports show that the Medain Sold price in Sedona is ONLY down by 10% from this time last year. That number is better news - for previously it had been down by 30 - 40%. Since 1/1 - 58% of those solds were motivated seller's keeping up with Foreclosed prices. 40% of those solds were a foreclosure or short sale property. Our active inventory has fallen - and I know from the market that the properties that "appear" to be bargains are being snapped up in record time. The...(read more)

Shadow Inventory? How Big? What Inventories?

2010-07-03T04:44:00Z

Here is a GREAT article about "The Shadow Inventory" of Foreclosures that many people are talking about. Now I have taken this DIRECTLY from Realtor.com and I am sharing it cause I find it quite useful. For all your buying or selling needs, text or call at 9283010669or email me at Sedona AZ Homes for sale. Here is the link to the Video on the SHADOW FORECLOSURES By Robert Freedman, senior editor, REALTOR® Magazine You often hear talk within real estate about the shadow inventory that...(read more)

HOUSE EXTENDS TAX CREDIT - HOPING TO SHORE UP MARKET - Including Sedona AZ Homes for Sale

2010-06-30T20:21:00Z

Well, today the House approved the tax credity extension to give home buyer's until September 30th to close on eligible properties and still qualify for the home buyer tax credit. The current deadline requires buyers to close by June 30 (tomorrow) in order to qualify. The Senate must still approve the measure - however it will help shore up the staggering delayed housing crisis which continues to plaque this country. Foreclosures Represented 31% of ALL homes sold in the US. And those prices are...(read more)

National Real Estate vs. Local Sedona AZ Real Estate. Who should Iisten to?

2010-06-18T14:41:00Z

So what is a seller and buyer to do? Listen to CNN, MS NBC, Talk Radio, NAR, or your local Real Estate Agent? Well, I would say, that a good real estate agent is worth their weight in gold - for Real Estate is local. Yes, it is affected by what happens in the National Arena. But comparing what is happening in the center of New York with Toledo Ohio or the Sedona AZ Real Estate Market is like comparing apples to pineapples to bananas! It simply can't be done. Buyer's come into the Sedona Real...(read more)

Sedona Homes for Sale yield deals even in the Luxury Marketplace

2010-05-23T17:51:00Z

I am fortunate to be a member of the Sedona Luxury Real Estate Professional Associations. And ifyou remember the goodwill that came from Macy’s Santa recommending Gimbels department store to a parent wanting to purchase a toy that Macy’s didn’t carry in the classic 1947 film, Miracle on 34 th Street, then you will have a hint of the motives of the Sedona Luxury Real Estate Professionals. Macys and Gimbels were vigorous competitors, as could be the members of our organization - warmly...(read more)

Sedona Real Estate and Sedona Homes for Sale Rebounding

2010-05-15T16:17:00Z

Well so far the stats for this spring are wonderful in all sectors. In our single family homes the number of Solds were up by 86% from this time last year. With 44% of those solds being either a foreclosure or a short sale. The median price point has dropped by 8% from this time last year to $390,000. Prices are starting to stabilize a bit. I am still skeptical as I don't think prices are going to rebound anytime soon - I think they will hover around the bottom or close to the bottom - since...(read more)

How Delinquencies Impair Credit Scores affecting the Sedona Real Estate Market

2010-05-02T07:08:00Z

I found this very interesting article on Realtor.com site and wanted to send it out to the Internet. I found this very interesting considering the amount of folks going through the whole foreclosure and short sale process. Everyone is always talking about how these defaults will effect a seller's credit score- however, no one has ever really pinpointed how... So here is the article from Realtor.com. However the ORIGINAL Source is CNN - Les Christie. Fair Isaac, which developed FICO scores, used...(read more)

National Open House Weekend promises opportunites for Sedona AZ Homes for Sale!

2010-04-09T20:04:00Z

Well, pack the car and head up to Sedona this weekend for the National Open House! What a great opportunity for buyer's to see the Sedona Homes for Sale throughout the area. If you would like me to email you a map and the list of homes on tour just email me at barbara@barbarabaker.com and let me know which town and/or area you are interested in. Remember, it's happening all through the Verde Valley so there will be other homes outside of Sedona available as well. I will be at 65 Alta Vista...(read more)

Sedona Real Estate Market is Booming

2010-04-02T07:54:00Z

It's BACK!!!!! I really think It's BACK!!!! From all indications, the Sedona AZ Real Estate Market is back in business. We are all busy - and that says alot! Homes are going under contract in droves in all sorts of price ranges. However, the market that is still hot and remains hot is the under $400,000 market. And the good news is that we are finally getting to see homes in the 600 - 900 and even over $1 Million Dollar range going under contract and closing. With Financial Institutions opening...(read more)

Sedona AZ Homes Market Statistics

2010-03-13T18:03:00Z

Foreclosures represent 37% of ALL of Sedona’s Sold homes and “Short Sales” representing 10% of our SOLD market. So in actuality, you could say almost ½ of our sold inventory is either a foreclosure or a short sale. Foreclosure and Short Sale Home Listings only represent 14% of our active market. That is what is selling and those homes are in turn bringing the rest of the market down. For they have to be used as comparables – since they are the “Norm” and...(read more)

Anti Deficiency Statutes in Arizona impact Sedona Homes for Sale

2010-02-20T06:55:00Z

This article was sent to me by Stewart Title of Sedona. I found it very informative for any seller in Sedona who is faced with either shorting or foreclosing on their home and the legal implications that may follow. So I hope you find it helpful- Enjoy Short sales and foreclosures are becoming common place in our market. We are consistently asked questions by owners and agents alike about the Arizona anti-deficiency statutes and the tax consequences of a foreclosure or a short sale and deed in lieu....(read more)

What's a Sedona Seller to do in today's market?

2010-02-01T06:46:00Z

As far as our Sedona Real Estate Market is concerned - I feel sorry for seller's. I do. It's hard being a seller today - trying to sell your home in Sedona with all the competition and with foreclosures representing only 7% of the active listings but 39% of the sold volume. And it's worse through the Verde Valley. If you include all of our little local towns... foreclosures represented a whooping 51% of our sold volume. 51%. So I truely feel the seller's pain. So - what's a seller...(read more)

Remember Tax Incentives when buying a Home in Sedona AZ

2010-01-23T19:33:00Z

Sedona Homes continuing to be selling quite well since the prices have dropped. When buying, remember that you may qualify for a Tax Credit. Up first is the popular $8,000 tax credit for first-time home buyers. Originally scheduled to expire on November 30th, 2009, this valuable tax credit of up to 10% of the purchase price or up to $8,000 was extended into 2010 (purchase agreements must be signed by April 30, 2010, and closings must be final by June 30, 2010). The new program was also expanded to...(read more)

Sedona Homes for Sale will be helped by stopping Foreclosures

2010-01-10T19:11:00Z

Well, with all the foreclosures surrounding our country - I have been saying for months that the only way out of this thing is for the FEDS to step in and re-tool everyone's current mortgage - otherwise, why should ANYONE Hang onto a home that they had bought in 2001 or after. To further my thoughts on this .... I have just read a great article on Realtor. Com and have am supplying it here. Principal Cuts May Prevent Foreclosures At least 7 million borrowers will lose their homes this year and...(read more)