Sedona Real Estate News

Thanks for stopping by our Sedona Real Estate News Blog. Here we will have featured Sedona homes and real estate. We will also have news and articles about buying and selling Sedona homes and property.

 

Sept. 25, 2017

Sedona Homes: 5 Requirements For a Bedroom

Sedona, AZ:  To be considered a bedroom, 5 elements must be present

Can it count as a bedroom?

Over the years we've heard a lot of opinions about what constitutes a bedroom.  The #1 myth is that a bedroom has to have a closet.  Many Victorian homes didn't have closets, so in this line of thinking a home may not have any bedrooms. In more modern times, the flex space has become popular. If it doesn't have a closet, could you put an Armoire in the room to serve as a closet? 

Many real estate agents in Sedona labor under the false impression that it isn't a bedroom without a closet.  This could potentially cost their seller clients by undervaluing the home. In Sedona, homes are built utilizing the International Residential Code (IRC), it does not require closets in bedrooms.



1) A bedroom needs at least two ways to egress., normally through a door and then have one other exit (window or door). A door to the exterior works as an exit point, and so does a window. According to the International Residential Code, a bedroom window must be between 24 inches wide X 44 inches from the floor and a minimum of a 5.7 sqft opening and no less than 24 inches high and 20 inches wide (R310.1).
   
2) At least 50% of a bedroom ceiling needs to be at least 7 ft tall. Most ceilings are at least 8 ft tall, so this is rarely an issue (R305.1).
   
3) The room has be at least 70 sq ft, and it cannot be less than 7 feet in width in any direction. (R304.2 / R304.4).

4) Is it reasonably close to a bathroom?

5) Does it make sense and what are the local expectations?  You shouldn't have to go through a bedroom to reach another bedroom (obsolescence) or go through another bedroom to reach a bathroom.  Size of the room, access/egress, light, and ventilation all matter when it comes to defining a bedroom (IRC).

Technically the International Residential Code does NOT mandate a bedroom to have a closet. So the lack of a closet does not necessarily mean a room cannot be a bedroom. However, we must ask, what does the local real estate market expect, and what is required by the local city/county?

Bedroom with no close but storage

While some in the real estate community say closets are always required, that rule doesn’t really apply here for two reasons:

1) The IRC definition of a bedroom does not actually mandate a closet; and

2) If the market considers the rooms as bedrooms, that’s what they are.  Ultimately closets are not technically mandated by the international definition, but they may be expected and/or required by local code.

I'm not an appraiser so for the final word call a local appraiser and your local building authority (City or County).

July 19, 2017

3 Tips to Succeed in Today’s Sedona Real Estate Market

3 Tips to Succeed in Today’s Sedona Real Estate Market

In today’s highly competitive real estate market in Sedona, where inventory levels are not keeping up with the constant stream of buyer demand, there are steps you can take to ensure you are most prepared for success when buying a home.

The 3 tips we are going to expand on today come from a recent blog by Trulia entitled, The Skinny on Skinny Inventory. 

1. Be Prepared

“Homebuyers should talk with a lender, real estate agent, and a home inspector BEFORE finding a home to make an offer on.”

Being intentional, pre-approved, and prepared will set you up for the accelerated time tables that come with a highly competitive market. If you are the most prepared buyer interested in a home, if you have already secured financial approval, and if you are ready to move fast, your bid will be that much more attractive to a seller.

If you're a cash buyer, have access to your 'proof of funds' to submit with the offer.

2. Think Strategically

“Starter homebuyers don’t have a home to sell and can be flexible on closing dates compared to home buyers who are also trying to sell at the same time.”

If you are one of the many first-time buyers looking for your dream home, know that being strategic and flexible about closing dates can also help your offer stand out from the rest. But don’t fret if you are a homeowner who will also have to sell your own house first – be upfront about your timeline with your agent and with any offers you make.

3. Seek Out the Ugly Ducklings

“Buyers might consider looking for homes that have been on the market for a while and investigate why. The reasons may be a deal-killer but all it takes is one ugly duckling to turn into a swan.”

Finding a fixer-upper or a Sedona home that needs a little love might be your best way to guarantee that you are able to find a home in the neighborhood that you want. The worst house on the best block will go for a steal and offer instant equity once you fix it up! Let us know what kind of mortgage you are getting (VA, FHA, Conventional) and we can find the best fit.

Bottom Line

In today’s market, full of bidding wars and tough competition, finding ways to stand out from the rest by getting creative will improve your chances of having a home to call your own.

Posted in Sedona Real Estate
June 26, 2017

Sedona Buying Guide Summer 2017

Here's the summer edition of our Sedona home buying guide.  It's a great way to review the home buying process and the benefits of home ownership.  Free download.

Sedona home buying guide

Posted in Sedona homes
June 26, 2017

New Construction Problems

 

The Supply & Demand Issue Plaguing New Construction

Unfortunately for builders in Sedona and the rest of the country, there are many forces that are making it difficult for them to do just that!

Last week at the National Association of Real Estate Editors 51st Annual Conference, CoreLogic’s Chief Economist Frank Nothaft broke down the 4 ‘L’s of New Home Construction: Lots, Labor, Lumber, and Lending.

The concept of supply and demand is ripe in the new home construction industry. The four ‘L’s of new home construction are each suffering a supply problem, and with that comes added costs. Let’s break it down!

Lots – There is a shortage of land near metros at an affordable price, causing builders to move farther and farther away from cities to keep costs down. This isn’t always an attractive option for those who want to stay close to work.

Labor – The Great Recession forced many skilled construction and trade workers to find other sources of income once their jobs were lost at the time of the crash. Even though the overall housing market has recovered, these workers have not returned. Those who remain are starting to age out and retire, causing even more of a shortage and additional costs.

Lumber – The cost to build a new home is directly tied to the cost of the lot and the cost of the supplies needed to build the home. Lumber costs continue to escalate due to policies restricting the importation of Canadian lumber, making larger luxury homes an attractive option to recoup costs when selling, rather than building smaller single-family homes and making less profit.

Below is a graph showing the increase in cost of 1,000 board feet of framing lumber.

Cost of Framing Lumber | Simplifying The Market

Year-over-year, lumber costs are up 13% after reaching a high of $433 in the second week of April.

Lending – During the Great Recession, many small community banks were forced to close their doors. These banks were a great source of capital and lending for builders looking to borrow money at a low interest rate in the community in which they were building. Tougher lending standards have made borrowing funds more expensive and more difficult for builders.

Bottom Line

Additional costs across all 4 ‘L’s have made building luxury properties more attractive to builders as they are able to make a larger margin with the higher sales price. The move to scale down to starter and trade up homes to help with supply will mean any additional costs are absorbed by the builders unless the supply of the 4 ‘L’s can increase!

June 26, 2017

New Sedona Listing - No HOA

I saw this home just came on the market.  No HOA, views and more. Located in Uptown Sedona.

80 Eagle Nest Lane, Sedona

 

Posted in Sedona Real Estate
June 19, 2017

Sedona Home Search Results Fail with Zillow

The real estate market exploded in Sedona.  Throughout the last two months we've seen one glaring issue.  Zillow does not keep it's information up to date.  Let me explain.

As Realtors, we belong to the Multiple Listing Service or MLS. Locally it's the Sedona Verde Valley MLS. All 700 local agents input listings for sale of homes, land, businesses for sale..etc.  The Sedona MLS shares this info with over 100 different vendors.  How often and how those vendors choose to update varies.  Zillow is one of those vendors as well as it's subsidiary Trulia.  They advertise a lot and are quite popular, but they are not the MLS. They exist to sell marketing to agents.  In other words, you sign up with Zillow and they distribute your information to agent for money.

So if they don't update, who's going to call them out on it?  We run into the problem of clients searching Zillow and finding homes that have sold already but are marked as available.  We are seeing homes that have been sold for months.  Unfortunately, many people think Zillow and the MLS are one and the same.

As a members of the Sedona MLS, we have access to the same information.  Our websites and our App are updated every 5 minutes from a feed direct from the MLS.  We don't recommend Zillow or Trulia.  Our recently built app and websites will give you the most accurate information possible.  The app is called Millions Mapped and includes a national home search.  You can contact us directly from inside the app with any questions on property that you may have.  Download the App from your Android or iPhone or text "susan" to 928-433-4705 for the app.

 

Posted in Sedona Real Estate
June 10, 2017

The Impact of Interest Rates

The Impact of Interest Rates on a Sedona HomeThe Impact Your Interest Rate Makes [INFOGRAPHIC] | MyKCM

Some Highlights:

  • Interest rates have come a long way in the last 30 years.
  • The interest rate you secure directly impacts your monthly payment and the amount of house that you can afford if you plan to stay within a certain budget.
  • Interest rates are at their lowest in years… RIGHT NOW!
  • If buying your first home, or moving up to the home of your dreams is in your future, now may be the time to act!
May 23, 2017

New Listing: Verde Santa Fe - Amante

Just listed today and expected to sell quickly. 5008 E Sage Springs Drive, Cornville, AZ 86325.

Located in the gated community of Verde Santa Fe, this home has a very bright & open great room style floor plan with views of the Mingus Mountains where you can enjoy the sunsets from your front yard or back patio. This home offers a very spacious kitchen, pantry, granite counters & breakfast bar. Master-suite has double sinks & oversized shower & walk-in closet. The den/study also makes for a 3rd bedroom. The Amante section has a clubhouse, pool & gym. This home is located only minutes to shops, restaurants, hiking trails, & golf.

New Listing for sale verde santa fe

Call us today if you would like to see this home.  More info

 

Susan Deierling 928-451-6098

April 30, 2017

NEW SEDONA LISTING: 505 Concho Dr, Sedona

505 Concho Dr, Sedona AZ: Breathtaking panoramic red rock views surround this beautiful Pueblo Southwest style home with private courtyard, wrap around deck & patios to enjoy the sunrises & sunsets. On the main floor, the Master-suite has amazing views & the Junior-suite has access to the private courtyard. Very spacious gourmet kitchen with granite counters, custom maple cabinets, island & breakfast bar, gas cook top & double ovens. The living room with fireplace has large windows to bring the outdoors in & to take in the red rock views. The lower level has a full in-law apartment with master-suite, full kitchen & dining room, family room with fireplace, walk out to the large patio to enjoy the outdoors. Plus, home has study/office & lots of storage. Close to Village shopping, restaurants, golf, trails.

 

More pictures and MLS feature sheet

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Concho Dr Sedona real estate

Sedona AZ home for sale on Concho drive

Red rock view from Sedona AZ real estate

Guest Kitchen in Sedona home

Lower level dining Sedona Real Estate

#sedonarealestate #sedonahomes #susandeierling

Sedona real estate and Sedona homes for sale in Arizona.

Posted in Sedona Real Estate
April 25, 2017

Sedona Facts and Figures

Sedona Facts & Figures - Demographics, Employment and more

Here's some information on the local community.  This addresses one of the most frequently asked questions about the area... community size and employment.


Sedona Local Facts & Figures 

Sedona Arizona is truly one of Arizona's premier vacation, recreation, resort, retirement living and art centers. It'sSedona AZ Real Estate image position at the mouth of panoramic Oak Creek Canyon and also at the midst of Arizona's renowned Red Rock Country offers breath-taking panoramas, a mild climate, lots of sunshine along with clean, fresh air. The region is the second most visited site inside the state after the Grand Canyon. Established in 1902, and incorporated in 1988, the city was named for Sedona Schnebly, an earlier settler. Sedona spreads over the bounds of two north central Arizona counties, Coconino and Yavapai. Most of the nearby population lives in Yavapai County.
 
Fundamental Data
 
Founded: 1902
Incorporated: 1988
Elevation: 4,500
 
Sedona is co-located in Coconino County and Yavapai County
 
Distance to Major Cities:
Phoenix: 119 miles
Tucson: 230 miles
Nearby Highways: HWYS I-17, SR 179, SR 89A
 
Population                  1990       2000        2008
Sedona (Coconino)       N/A          N/A           3,140
Sedona (Yavapai)         N/A          N/A           8,233
Sedona (Total)             7,720        10,192      11,373
Coconino County         96,591       116,320     135,614
Yavapai County            107,714     167,517    227,348
 
Principal Economic Activities
 
Tourism is Sedona's economic basis, with the National Forest Service estimating greater than 3.5 million visitors to the area on a yearly basis. Sedona's small town character is preserved with a number of small owner-operated businesses serving visitors and also the community. Visitor interest has stimulated retirement and vacation home purchase and construction, making one of the most viable real-estate marketplaces within the country.
 
County Employment 2008
Government 12,800
Trade, Transportation, and Utilities 12,600
Educational and Health Services 10,100
Leisure and Hospitality 8,400
Mining and Construction 8,300
Professional and Business Services 4,200
Manufacturing 3,100
Financial Activities 2,500
Other Services 2,000
Information 600
 
Scenic Attractions
 
Sedona offers something for everybody, top notch resorts & hotels as well as small family run hotels, fashionable bed and breakfasts, excellent restaurants, exceptional stores and varied art galleries. The natural splendor of the region can make sightseeing and hiking, golf and tennis all seasons activities. Visitors may take a jeep excursion to the high desert or check out the red rock monoliths from a horse or hot air balloon. Red Rock Crossing has been showcased within many movies. Additional points of interest include Slide Rock State Park, Chapel of the Holy Cross, the Sedona Arts Center and Tlaquepaque, a Mexican-style arts and crafts village. Highway 89A through Oak Creek Canyon was named by Rand-McNally as one of the most spectacular drives in the United States.
 
We hope you have found this information useful about the local area.

Posted in Sedona Information