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.
In the Sedona area, a benefit to living here is you'll frequently see wildlife. Bobcat, Coyote, Mule Deer and Javelina are frequently seen or heard. The other day Susan and I came across two large Javelina going down our street in the Village of Oak Creek. The subdivision is Cathedral View.
So you made an offer, it was accepted, and now your next task is to have the home inspected prior to closing. More often than not, your agent may have made your offer contingent on a clean home inspection.
This contingency allows you to renegotiate the price paid for the home, ask the sellers to cover repairs, or even, in some cases, walk away. Your agent can advise you on the best course of action once the report is filed.
Your agent will most likely have a short list of inspectors that they have worked with in the past that they can recommend to you. Realtor.com suggests that you consider the following 5 areas when choosing the right home inspector for you:
Ask your inspector if it’s ok for you to tag along during the inspection, that way they can point out anything that should be addressed or fixed.
Don’t be surprised to see your inspector climbing on the roof, crawling around in the attic, and on the floors. The job of the inspector is to protect your investment and find any issues with the home, including but not limited to: the roof, plumbing, electrical components, appliances, heating & air conditioning systems, ventilation, windows, the fireplace & chimney, the foundation and so much more!
They say ‘ignorance is bliss,’ but not when investing your hard-earned money in a home of your own. Work with a professional you can trust to give you the most information possible about your new home so that you can make the most educated decision about your purchase.
![Sales at Highest Pace in 10 Years! [INFOGRAPHIC] | MyKCM](https://d8yi0qr1xsq5x.cloudfront.net/2017/01/26144127/20170127-Highest-Sales-STM-1046x1354.jpg)
We did a refi on our personal home last year and was able to get a 3.25% VA mortgage rate. That's a huge difference for us. In our 32 years of marriage the highest rate we ever had was 10% and the average was around 6%.
According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 4.09%, which is still very low in comparison to recent history!
The interest rate you secure when buying a home not only greatly impacts your monthly housing costs, but also impacts your purchasing power.
Purchasing power, simply put, is the amount of home you can afford to buy for the budget you have available to spend. As rates increase, the price of the house you can afford will decrease if you plan to stay within a certain monthly housing budget.
The chart below shows what impact rising interest rates would have if you planned to purchase a home within the national median price range, and planned to keep your principal and interest payments at or about $1,100 a month.
With each quarter of a percent increase in interest rate, the value of the home you can afford decreases by 2.5%, (in this example, $6,250). Experts predict that mortgage rates will be closer to 5% by this time next year.
![Tips for Preparing Your House For Sale [INFOGRAPHIC] | MyKCM](https://d8yi0qr1xsq5x.cloudfront.net/2017/01/19170457/20170120-Tips-For-Selling-STM-1046x824.jpg)
Recently released data from the National Center for Health Statistics revealed that 1.3 million Millennial women gave birth for the first time in 2015. There are now over 16 million women in this generation who have become mothers.
“All told, Millennial women (those born between 1981 to 1997) accounted for about eight in ten (82%) of U.S. births in 2015.”
The data also shows that this generation has waited until later in life to become parents as only 42% of Millennial women were moms in 2014, compared to 49% of Generation X at the same age. A Pew Research Center article discussing the data, points to social influences that may have contributed to the delay:
“The rising age at first birth is hardly limited to the Millennial generation. It has been a trend since at least 1970. Many factors may contribute, including a shift away from marriage, increasing educational attainment and the movement of women into the labor force.”
“While Millennials may be delaying parenthood, it’s not for a lack of interest in eventually becoming moms and dads. Members of this generation rated being a good parent as a top priority in a 2010 Pew Research Center survey.
Some 52% said it was one of the most important goals in their lives, well ahead of having a successful marriage, which 30% said was one of their most important lifetime goals.”
As Jonathan Smoke, Chief Economist for realtor.com explained: “At any given time in our history, demographics would explain 60-80% of what’s happening [in the market], and we are in a period of time where Millennials make up a largest demographic group.”
As more and more Millennial families are formed, this generation will shift their focus to providing the best home for their children to grow up in, the best school districts, and often to the stability that owning a home of their own provides.
Two-thirds of Millennials have not yet reached the average first-time home buying age of 32, as reported by the National Association of Realtor. The homeownership rate amongst Millennials has nowhere to go but up!
Millennials as a generation have delayed traditional social norms until later in their lives. Whether getting married, having children or buying a home, the desire to provide for their family is still there, even if it takes a little while longer than it did for previous generations.
Step into a good time on Sedona real estate on the Sedona Golf Resort. Stunning views provide scenic backgrounds for challenging play. Located close to Sedona homes, this award winning golf course presents varying elevations, glorious greens, and picturesque water features. Repeatedly receiving four star reviews from Golf Digest, groups of golfers find friendly competition at signature holes. With Arizona’s red rock highlighted at every turn the beauty here turns heads.
Golfers seeking to improve upon their golf game will find expert staff onsite to help improve their play. A state of the art driving range serves as an ideal place to perfect swings. Families from Sedona homes are encouraged to play together with a state of the art Junior Golf Program. Sunday is considered Family Day with Junior athletes playing for free with an adult after 2 p.m.
After a round of golf indulge in a round of drinks at the Juniper Bar & Grille. A fully stocked bar specializes in signature cocktails, on draft beers, and local high quality wines. The restaurant menu is plentiful and includes many tasty options for breakfast, lunch, and dinner. Dine out on the patio amidst views of the golf course and the glorious red rock landscape of Sedona. The eatery is open to the public everyday from 8 a.m. to 4 p.m.
Schedule a Tee Time and plan a trip to the Sedona Golf Resort today.
Mother Nature’s art exists in the stunning landscapes she provides for those living in Sedona. Local artists flourish with the subject matter she’s provided. In the Tlaquepaque Arts and Crafts Village, a groupings of galleries depict spectacular works.
Over 20 artists display their efforts in the Mountain Trails Gallery. With a focus on American Western Fine Arts, visitors will find examples of painting and sculpture. Frequently in the spotlight are lifelike visions of pioneers and native american lifestyles.
The Eclectic Image Gallery features the photography of husband and wife team Elaine and Duane Morgan. Internationally recognized for their creative artistry behind the lens, many of the images collected are of nature’s splendor. Their “Outside The Lines Series” conquers a new technique of combining photography with impressionistic painting.
Light illuminates in the Kuivato Glass Gallery. Owner and artist Deanne Sabeck impresses with sophisticated styles of art glass, sculpture, and jewelry. Stop in and see how color and light combine. Perfect pieces found here can capture the light in windows of Sedona real estate area homes.
In an effort to support arts awareness in the Sedona real estate area, multiple galleries participate in the First Friday Gallery Tour Program. Coordinated with Sedona Gallery Association, local establishments welcome all with special monthly showcases, rotating exhibits, and artist demonstrations. Those exploring the art scene can hop aboard the Sedona Trolley for complimentary transportation. More information on participating galleries can be obtained by calling 928.554.7840.
In today’s Sedona home market, with home prices rising and a lack of inventory, some Sedona homeowners may consider trying to sell their home on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons why this might not be a good idea for the vast majority of sellers.
Here are the top five reasons:
Recent studies have shown that 94% of buyers search online for a home. That is in comparison to only 17% looking at print newspaper ads. Most real estate agents have an internet strategy to promote the sale of your home. Do you?
Where did buyers find the home they actually purchased?
The days of selling your house by just putting up a sign and putting it in the paper are long gone. Having a strong internet strategy is crucial.
Here is a list of some of the people with whom you must be prepared to negotiate if you decide to For Sale By Owner:
The paperwork involved in selling and buying a home has increased dramatically as industry disclosures and regulations have become mandatory. This is one of the reasons that the percentage of people FSBOing has dropped from 19% to 8% over the last 20+ years.
Many homeowners believe that they will save the real estate commission by selling on their own. Realize that the main reason buyers look at FSBOs is because they also believe they can save the real estate agent’s commission. The seller and buyer can’t both save the commission.
Studies have shown that the typical house sold by the homeowner sells for $185,000, while the typical house sold by an agent sells for $245,000. This doesn’t mean that an agent can get $60,000 more for your home, as studies have shown that people are more likely to FSBO in markets with lower price points. However, it does show that selling on your own might not make sense.
Before you decide to take on the challenges of selling your house on your own, let’s get together and discuss the options available in your market today.
As the sun rises take to the skies above Sedona real estate with Red Rock Balloons. View the splendor of Arizona’s Red Rock landscape from a birdlike perch in a comfortable setting. Wildlife is often observed discreetly from the balloons. Spacious baskets make for an enjoyable ride at the start of the day. When the sun crests the horizon, the balloons are lit up and filled with air. An adventurous morning awaits riders who will marvel at the views encountered as they glide along.
For those with hot air ballooning written on their bucket lists, Sedona real estate is the best place to get it crossed off. The glorious Arizona Red Rock provides awe inspiring scenery that seems to go on forever. Trained pilots relate interesting trivia and good natured experiences.
Flying seven days a week, weather permitting, it is suggested that guests dress in layers for changing temperatures. Priceless memories are made during flights so participants are encouraged to bring along a camera. Once the excursion has ended, Red Rock Balloons provides a delicious picnic spread.
Sightseeing above ground is a breathtaking experience. No one does a hot air balloon ride better than Red Rock Balloons. Reservations are required and can be scheduled by calling 800.258.3754.
Troy & Susan Deierling, CRS, ABR
RE/MAX Sedona
2290 W. AZ-89A, Sedona AZ 86336
928-451-6098 Susan
928-202-0700 Troy
myteam@susanandtroy.com
