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Home Selling in Sedona : Real Estate Advice

  • All161
  • Local Info7
  • Home Buying34
  • Home Selling4
  • Market Conditions11

Activity 6
Wed Apr 22, 2015
Cindy Chapman answered:
Geo,
Seller financing can be a real advantage in attracting buyers who may not otherwise qualify for various reasons. When listing your home, you want to ensure that your agent places "Seller Carryback" in the comments section as it will help when agents who are searching for "Seller Carryback" listings. You would want to provide your agent the loan details on a Seller Financing Addendum as part of your Residential Resale Purchase Contract packet when you have located a Buyer.

Often, a local title company can assist you with the "how to" steps on doing this at a reasonable fee. They have in-house companies who will accept and track payments for you. These companies will also confirm that your Buyer is paying the HOA fees in a timely manner. In summary, should the Buyer default on a payment(s), the property would most likely revert back to you. Also, many times the interest rates of third party financing channels that I've seen range anywhere from prime rate plus one percent upwards to ten percent. In summary, your agent is the best source to contact on this creative approach. Hope this helps. Cindy Chapman, Sedona, Coldwell Banker First Affiliate
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Tue Apr 14, 2015
Cindy Chapman answered:
Dear Russell,
When listing a home, I always advise my Seller's to remove any excessive clutter as it may detract from the home and make the home appear smaller than it is. Usually a Seller will remove packed items and place them in the garage. I think it's best when the home appears to be clean and well cared for. This can be a challenge when the home is vacant. Usually your agent can assist you in suggesting which items to remove. Always reach out to your agent as they have additional resources that they can utilize
in helping you reach your objective. Hope this helps. Thank you, Cindy
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Sun Mar 30, 2014
Deborah Smith answered:
Did the homeowner report it to the police and the insurance company? If it becomes public record it is better to disclose than to leave it out, the buyers could suspect of hiding information about the home.
It is always better to disclose than not to disclose and draw suspicion.
Debbie Bergthold-Smidth Classic Real Estate 708-267-5552
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Tue Sep 3, 2013
Karen Melillo answered:
My apologies-
I did not zero in on 86351 zip.

RE: This Analysis for 86351: I ran back 6 months.
The days on market (DOM) show up here right after the price. It is kind of hard to read with this copy/ paste format.
EG: If there were 2 listing periods, there will be 2 numbers. For instance, on Ridge Rock, you will see the numbers: 73 and 252. Thus, 2 different listing DOM for same property.

For the 9 listings between 500 and 600, the average runs at 273 days. The listings on 85 N House Rock and 240 Sin Salida are the cause for the high DOM for 86351.

If you took these 2 properties out, the average DOM would be: 147 days. Hope this is helpful!

If you need a value for your property, then feel free to send the specifics to: karenm@realtyexecutives.com. Your address, the tax parcel number if you have it, and any info you feel is pertinent regarding your home. EG Upgrades and features. This would be a numbers only estimate. (Without seeing your property)

Summary of Closed Listings
MLS # Address List Price ADOM CDOM Sold Date Sold Price Total Adjustments Adjusted Price
129419 85 N House Rock Rd, Sedona AZ $569,000 890 890 08/30/2013 $539,900 - $539,900
132485 240 Sin Salida, Sedona AZ $559,000 539 539 08/29/2013 $539,000 - $539,000
134860 290 Ridge Rock Rd, Sedona AZ $579,700 104 104 03/13/2013 $580,000 - $580,000
135013 315 Red Rock Drive, Sedona AZ $599,000 131 131 04/30/2013 $550,000 - $550,000
135018 79 Ridge Rock Rd, Sedona AZ $568,000 73 252 03/15/2013 $551,000 - $551,000
135388 80 Quail Circle, Sedona AZ $519,000 115 115 05/30/2013 $499,500 - $499,500
500184 193 Casitas Court, Sedona AZ $530,000 112 259 07/03/2013 $470,299 - $470,299
500245 485 Concho, Sedona AZ $599,900 104 104 07/01/2013 $552,500 - $552,500
500503 1266 Bell Rock Blvd, Sedona AZ $539,900 67 67 06/21/2013 $525,500 - $525,500
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Thu Nov 8, 2012
Nora Sims answered:
The market for unimproved land in the entire Sedona area has a very weak pulse at this time. With the drop in market values due to the current economic situation, existing homes are valued below replacement cost. That is to say, if one were to purchase a building site, and then attempt to construct a home on it, the total investment (building site plus development costs) would exceed that of what a similar existing home can be purchased for. Therefore, buyers are choosing to purchase existing homes over buying a building site and building. Therefore, the supply of lots to choose from is very high, and their market values are much lower than they have been in eight years.

Unless you HAVE TO sell your Sedona property, I would recommend that you consider other alternatives to solve your needs. Consider your Sedona property the equivalent of a blue chip stock. As you know, Sedona is completely surrounded by forest lands with a limited amount of private property to about 26 to 30 square miles of land. Also, there is a maximum height limitation (25 to 30' depending on the site and where it is located) which means that unlike in other areas of the country where one can build multi story buildings to increase housing availability, in Sedona, one cannot.

Eventually, the market will turn, and the demand for building sites will once again be very strong because we simply won't have any land left to build on.

You can find more information about me, and my credentials by looking me up on LinkedIn.
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Thu Aug 23, 2012
Nora Sims answered:
Hi Carole;
You will be happy to know that some of the area's top agents have responded to your question. I've been helping folks with their real estate needs in the Verde Valley for 34 years, now and have worked with several of this agents in a cooperating relationship. While some of the individuals who responded to your question are more qualified than others, (you will be able to easily tell when you talk with them), overall, you'll be in good hands.
Let me know if I can be of further help. You can reach me at 928-300-5508.
Wishing you the best of the best,
Nora
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