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Sedona Poll of the Month
How Do Your AZ Property Taxes Compare to Other Areas of the Country?
Property taxes are a hot topic and they are typically due in October. In our poll for the month of August, we are interested in how AZ Property Taxes compare to other parts of the country. Take a minute and let us know what you think. Do lower property taxes make Sedona Area Real Estate more affordable than other areas of the Unites States?
Results from July
How Did the 2008 Economic Downturn
Affect Your Personal Financial Situation?
We appreciate your feedback and honesty! Like a lot of families across the country, most of those that replied struggled with the 2008 Economic Downturn. However, all of the respondents selected the option that they are rebuilding and moving forward. That is great to see! With a lot of hard work and little luck, hopefully better times are ahead for all of us. Good luck to everyone in regards to their economic recovery.
If that recovery invloves purchasing any Sedona Real Estate, as an investment or as a primary residence, search our list of Sedona Properties for sale and find something that fits your needs and wants. Thanks again for everyone's feedback.
If you have any suggestions for new poll topics, Send Us an Email.
Please Review Us
Service Reviews have become a hot commodity on the web. We can tell future clients how hard we will work for them, but it always comes better from a third party. If you haven't had a chance, please take a moment and let us know how we did. For those of you that have already helped out, thank you once again.
If you have any difficulty, let us know and we can walk you through the process. Thanks again for your time!
365 Reasons to Live in Sedona
Sedona's Unique Farmers Markets
Once again we have found a reason for why living in Sedona is different than anywhere else. Yes most cities have similar events but Sedona does things its own way, each festival and community event has a unique flare of Sedona style, especially our Farmers Markets!
Friday’s at Tlaquepaque have a whole new atmosphere! From 8-10:30am vendors from all around the Verde Valley gather in the creek-side marketplace to sell and trade artesian foods, local produce and handmade treasures. As live music plays and performers dance up and down the cobblestone streets, the ambiance is remarkable.
The mission of the Sedona Farmers Market is said perfectly by the founding director, Katrin Themlitz, “The market aims to support...
Click for full article: Sedona Farmers Markets.
Sedona “Staycations”
If you have ever been to Sedona, you know how lucky we are with Red Rock Views throughout the town. With money being tight for many people, numerous families are forced to stay close to home for vacation. As a result, the term “Stay-cation” has become very popular. Luckily for us, the Enchantment Resort is a great option for us in Sedona and is surrounded by some of the best Red Rock Vistas in town at the mouth of Boynton Canyon.
The Enchantment Resort is located in West Sedona (map) and is about to finish up on a two year, $25 million renovation project. The recent press article mentioned that all of the 218 casita-style guestrooms benefited from the remodel. The project opened up more meeting space and doubled the size of the pool...
Click for full article: Sedona “Staycations”.
Buyer & Seller Tips of the Month
Buyers
Dissecting a Mortgage Payment
When home buyers prepare to Search for Sedona Real Estate, they often give us one of two numbers for “Their Budget”:
- The Maximum Overall Purchase Price They Will Pay for a Home or…
- What They Want Their Monthly Mortgage Payment to Be
Recently we have had a few clients that were confused by a few mortgage quotes they received and how the payments amounts were so different. We had a brief discussion about what makes up a mortgage payment and we thought it was worthy of sharing it with other potential Sedona Buyers.
There are different approaches to a providing a mortgage quote, but we will discuss some of the basic examples and most common terms you will hear when shopping for a mortgage (P&I, I/O, PITI):
- P & I - Principal and Interest payment
- This payment quote is the easiest to create. All that you need know is the amount to be financed (the principal), the length of time needed to repay the loan and the interest rate charged. This is a great ballpark to start from, but there are quite a few pieces of information still needed to have a full picture of what your monthly expenses will be for Sedona Real Estate Ownership.
- I/O - Interest Only Payment
- Interest only loans were extremely popular when real estate markets were appreciating. Now they are less common, but they do still exist. This tells you what you would pay each month if you were to only pay the interest portion of the loan. If that’s the case, you would never pay the home off without making a contribution to reduce the principal. This quote will typically be the lowest amount.
- PITI - Principal, Interest, Taxes & Insurance
- This is the most complete mortgage quote. The caveat is you want to know how the mortgage lender calculates the Property Taxes and Insurance. For this quote to be the most accurate, you typically need to have the Sedona Property identified. The lender will be able to research the property taxes from previous years for that residence and they will be able to incorporate the quote you receive for Homeowner’s Insurance.
If you are looking for Sedona Real Estate, don’t hesitate to Contact Us with any questions. As experienced agents, we are here to make sure you understand as much as possible when making buying and selling decisions. One more quick note, remember Arizona has some of the Lowest Property Tax Rates, as a percentage of Median Sales Price, in the country. You may find Sedona is more affordable than some other areas in the country because of high tax rates in other states. For more information about how your State’s Property Tax Rates compare, Click Here for more information.
For more help understanding mortgage rates, mortgage quotes or questions about the entire mortgage process, call Jonathan Burgueno from Capital Mortgage 928.282.3200. He is a local lender that won't hesitate to educate you and improve your knowledge. He takes pride in repeat business, so he will make sure you understand the process. Give him a call anytime with questions.
For more home buying tips visit our Sedona Home Buying Guide on http://SedonaProperty.net.
Sellers
10 tips for Avoiding Foreclosure
Being in real estate since the 1980’s, we have seen quite a few cycles in the market. There are prognosticators saying we are headed towards better times in the near future, but there are still some Sedona Homeowners that are struggling to make their house payment(s).
If you are someone that is facing financial difficulty, and is in danger of facing foreclosure, here are some tips from the U.S. Department of Housing and Urban Development (HUD) to hopefully divert your path. Take a look at the list and Email Us if we can help explain any of these items further.
- Don't ignore the problem
- It is easier to run from the problem. Don’t run! There are other strategies you can implement to hopefully avoid losing your home.
- Contact your lender as soon as you realize you have a problem
- Again, timing is everything. If you are early enough in the process, you may be able to Short Sale your Sedona Home. Let us know if you need to Determine What Your Home is Worth for the bank.
- Open and respond to all mail from your lender
- Not always the most fun task, but be cautious not to throw away any correspondence the bank sends to offer assistance. Not all banks are neglecting struggling customers.
- Understand foreclosure prevention options
- Everyone’s situation is a little different. Some options may be a short sale, Deed in Lieu of Foreclosure or other Local, State and Federal Programs designed to help homeowners stay in their homes. Until you talk to someone with knowledge of these options, you may lose out on great opportunities.
- Contact a HUD-approved housing counselor
- Our opinion is knowledge is power. Talk to professionals that deal with similar situations every day. HUD Counselors may be able to give you a strategy that you never knew existed. They may help you understand what steps will follow depending on the path you choose.
- Use your assets
- Determine if you have any other assets that can be sold. Other real estate holdings can be liquidated if need be. Remember the old adage, “Even Real Estate is liquid at the right price!” Give us a call if you need help selling other local Sedona Real Estate.
- Avoid foreclosure prevention companies
- Only deal with reputable companies. Don’t fall victim to a quick fix scam that will leave you further in the hole. Do your research and talk to past clients if such a program fits your situation.
- Know your mortgage rights
- Probably one of the most important tips. Talk to an attorney and get legal advice for all of your options. Every state has different laws regarding foreclosures. So don’t listen to what a neighbor or friend tells you (unless they are an attorney of course). Everyone’s situation is a little different. Know the best solution for you.
The best thing you can do is to be proactive. Educate yourself as much as possible as quickly as possible. Knowing your options early in the process may give you opportunities that can disappear after key deadlines. Know your rights and strategize a plan. If you need any further assistance don’t hesitate to call 928.821.3508 or Email Us. We have seen a lot of scenarios and may be able to help think of ideas for you to discuss with your Real Estate Attorney. Good Luck!
Content from The U.S. Department of Housing and Urban Development.
For more Selling Tips, or ideas to Stage Your Home, visit the Sedona Property Selling Tips on our website.
Feature Sedona Subdivision
Crimson View & Cedar Ridge
Video Tour
Located just up the street from our RE/MAX Sedona Office, Crimson View & Cedar Ridge Subdivisions are loacted in the section of town known as West Sedona. These subdivisions reside in the shadows of gorgeous Sedona Red Rock Formations and are close in proximity to numerous city amenities. If convenience is important to you, checking out these subdivisions is a must!
For more information about Crimson View & Cedar Ridge Property for sale or Subdivision Details please don’t hesitate to Contact Us at 928.821.3508 or 928.282.4166 ext 253.
Crimson View & Cedar Ridge
Property Listings
Did you enjoy the video tour of these subdivisions? Inventory in this area is becoming scarce. Take a look at the links below and see if there are any homes or vacant land avaiable that meets your needs. Crimson View & Cedar Ridge, located in West Sedona, is a great place to relax and enjoy the best our community has to offer! Click below to view:
Featured Properties
1580 W State Route 89A
Great investment property with lots of potential. 1979 Manufactured home with separate site built studio/cottage. Former owner rented main house for $900/month and guest home $650/month. Owner may carry with 20% down.
For more features & information on this West Sedona Home please Email Rob & Pam - or give us a call 928.821.3508.
Click for Full Listing
419 Fox Rd
Custom building lot in well established neighborhood. Great Red Rock Views. Level building lot. Sewer available. Priced to sell! Owner may carry! Call Rob for more details - 928.821.3508 or Email Us.
Click for Full Listing
Local Lender Update
Take Advantage Today!
Just when you thought mortgage interest rates could not go any lower, mortgage rates break new records. Even people who have refinanced in recent years might now take advantage again of these even lower interest rates. With some positive growth in the real estate sector, properties may now appraise better than in more recent previous years.
United States debt has become increasingly desirable because of the problems with Europe and other markets around the globe. This has lead to our even better rates following record breaking lows. Other good news for housing is, on a national level home prices are on the rise.
Locally we feel our Sedona Real Estate market is stronger as a whole. A much better buying season in the first part of 2012 has left many thinking the bottom has finally past, for the housing market in Sedona. Keep you financial future going strong. Take advantage of the best interest rates we have seen, and save yourself money now.
If you are thinking about buying a new home or refinancing your existing mortgage call (928-282-3200) or email Jonathan of Pinnacle Capital Mortgage today for your free consultation. You’re local Northern Arizona Mortgage Lender.
Jonathan Burgueno
Mortgage Advisor MLO 290524
Pinnacle Capital Mortgage
(928) 282-3200
Equal Housing Lender AZBKBR0116852
For more tips & tools, please visit the Lender's Section of our website.
Pam's Recipe of the Month
Peach Crisp in the Crockpot via Pinterest
An easy recipe to use the peaches off the trees at our listing on 153 Casitas Court
Peach Crisp Ingredients
- 3 large fresh peaches, peeled and sliced, or frozen sliced peaches
- 1/3 c. flour
- 1/3 c. quick-cooking oats
- 1/3 c. brown sugar
- 1/2 t. cinnamon
- Dash of nutmeg
- 1/4 C. butter
- Vanilla Ice Cream
Peach Crisp Directions
- Place sliced peaches in bottom of slow-cooker.
- In a medium bowl, combine the flour, oats, brown sugar, cinnamon, and nutmeg. Cut the butter in with a pastry blender or a fork.
- Mixture should be crumbly. Sprinkle over the peaches.
- Cover the slow-cooker with a paper towel. Put the lid over the paper towel to seal the slow-cooker.
- Cook on HIGH for 2 hours.
- Serve warm with vanilla ice cream (4-5 servings).
In hopes of improving our Sedona Real Estate Business & Customer Service
We are always looking for honest reviews...
Our Pledge...
We know that buying and selling a home is an exciting, but stressful experience. We will do our best to make sure you are informed and comfortable throughout the process.
We know the local inventory and are up to date on current market conditions. We will be truthful in our assessments and will strive to make your dream of buying or selling a Sedona Property a success! Give us a call today and schedule an appointment to see great Sedona Real Estate Deals.
