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How Real Estate Agents Earn Their Commissions

Wed, Aug 9th 2017 7:49 pm by Wally Reule Miscellaneous

We sometimes are asked if we will reduce our commissions to sell a home. I'll come back to that later, but before I do, it's important to know the benefits of working with a real estate agent. First, on average, sellers who list their home with an agent sell for a higher price. They also are much more likely to avoid expensive mistakes by not knowing the law, or their protections under the law. And they generally are sold much faster. Below is a graphic of all the things an agent will do to sell your home.

What an agent does to sell your home

So, getting back to the question of whether we will reduce our commission. Which of these things do you want us to eliminate?

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Newest Sedona Listing is at 180 Rock Ridge Road

Sat, Aug 5th 2017 9:50 am by Wally Reule Sedona Real Estate Market News

This amazing home is located in the Sedona Golf Resort.

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180 Ridge Rock Rd
Sedona, AZ

MLS# 513911 - Residential

"Inspiring" is the best way to describe this unique, beautiful & tranquil property. An artist's touch is everywhere; from the faux painted walls & murals, to the magically landscaped exterior. Elements of nature are incorporated throughout; i.e. Tile floors (wood look). over-sized windows flood the home with light. Double sided fireplace, custom mantles & cabinetry create a luxurious yet rustic atmosphere. Back garden & patio are reminiscent of the Cantina's of Old Mexico, complete with artistically painted privacy walls, chiminea fire pit, water feature & pond. Elaborat...

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Sedona Market Statistics for the First Half of 2017

Fri, Aug 4th 2017 3:37 pm by Wally Reule Sedona Real Estate Market News

The Sedona real estate market has been, in a word, HOT! The number of homes sold year to date is up 26 per cent over last year. Sales of vacant lots are up 45%. Homes that are well priced are going quickly and often receive multiple offers. At the same time, the good news for buyers is that the median sales price has only gone up 7%. For all of the numbers, go to our Market Statistics Page.

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Is Your Home Buying Budget Realistic?

Thu, Jul 27th 2017 3:08 pm by Wally Reule Miscellaneous

I just came across an interesting article in CNN Money about costs that are often overlooked by many home buyers during the buying process. So if you're thinking about purchasing a home, and are in the process of developing a budget, this will be a good resource for you. To summarize, there are four things that are often missed. They are (1) the inspection, (2) pro-rations for taxes, insurance, association fees, etc., (3) moving, and (4) set up costs like new keys, utilities and deposits. To read the whole thing, click on this CNN Money article.

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5 Reasons You Should List Your Home With Jan & Wally

Tue, Jul 25th 2017 2:20 am by Leah Kolb Sedona Real Estate Market News

List Your House with Jan & Wally

Here are five reasons listing your home for sale with us this summer makes sense.

  1. Demand Is Strong

The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase… and are in the market right now! More often than not, multiple buyers are competing with each other to buy a home.

Take advantage of the buyer activity currently in the market.

  1. There Is Less Competition Now

Housing inventory is currently at a 4.2-month supply, well under the 6-months needed for a normal housing market. This means, in the majority of the coun...

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Have you ever considered investing in vacant land?

Tue, Jul 18th 2017 3:06 am by Leah Kolb Sedona Real Estate Market News

According to Seth Williams, successful Real Estate Investor and Author, “Vacant Land is one of the most overlooked and misunderstood real estate investments in the world.

Most real estate investors completely fail to recognize the superior benefits that come with owning land in its raw form. 

It's unfortunate, because the simplicity and stability that comes with owning the right piece of land (purchased at the right price) can far outweigh the myriad of problems that are certain to come up with any other type of real estate.”

Read more to find 10 Rock Solid Reasons Why You Should Be Investing in Land

 Are you inspired to check out some excellent lots here in Sedona? Give us a call, th...

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Short Term Rental Questions not Unique to Sedona

Mon, Jul 17th 2017 11:18 am by Wally Reule Sedona Real Estate Market News

I have written several times recently about the impact of the new law making it illegal for municipalities to regulate the length of a rental in the state of Arizona. With regard to our real estate business, site built homes under $300,000 have become practically non existent in Sedona, and when one does come on the market, it is almost always snapped up with multiple offers. Another consequence is that there is a real shortage of available long term rentals. However, it appears that other towns that attract vacationers are grappling with the same issues. I recently came across an article in Outside Magazine that looks at how it affects the "locals". To read it, click on Outside Magazine ...

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Monsoons Provide Relief From the Heat in Sedona

Sat, Jul 15th 2017 1:50 pm by Wally Reule Events

As you may know, we've had an unusually hot Spring, with some days well over 100 degrees. So it's a real pleasure to see the the 10 day forecast predicts high temperatures from the upper 70s to the mid 80s, with a possibility of thunder showers every day. What a beautiful place to live!

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New Smart Home Device

Thu, Jul 6th 2017 11:19 pm by Leah Kolb Miscellaneous

Everyone wants to find a way to save money on heating and cooling bills these days.

Wouldn’t it be amazing to save money AND be more comfortable in your home?

Have you heard about the new “Smart Home” tools now available? EcoBee is one of those smart tools that we have enjoyed this past year.

EcoBee

It’s an affordable solution that touts a 23% average savings. It’s more than a smart thermostat; it’s your answer to a smarter home. Not only have we saved money, but our home is also more comfortable without hot and cold spots.

My favorite part…. you can control everything from your smart phone. Heat or cool your home from anywhere. On a warm summer day you can see the temperature in your home...

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Golf Course Home in Cornville is Newest Listing

Tue, Jun 27th 2017 11:30 pm by Wally Reule Sedona Real Estate Market News

Here is our most recent listing. It's right on the golf course and it's chock full of upgrades. Plus, it's priced to sell!

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621 S Santa Fe Tr
Cornville, AZ

MLS# 513573 - Residential

Everything about this southwestern style home shouts "upgraded". For starters, the garage & Mstr Bdrm have 4' extensions. Easy parking for your over sized truck or SUV and/or ample storage space. Split bdrm plan features desirable north-south orientation, & large covered back patio. Located on the 17th Green, you'll enjoy sweeping mountain views across an 18 Hole course. Outdoor living is at its best with a fully landscaped (and fenced) back yard & garden area; while the front Entry Court yard adds ano...

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New Listing in Oak Creek Canyon

Sun, Jun 25th 2017 4:27 pm by Wally Reule Sedona Real Estate Market News

Here is our newest listing in beautiful Oak Creek Canyon. What a great place to escape the summer heat!

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4426 N State Route 89A #12
Sedona, AZ

MLS# 513561 - Residential

This quality, meticulously cared for cottage ON THE CREEK sits high amidst the sycamore trees. Relax on one of 3 decks overlooking the creek, or follow the pathway down to the creek & watch the Herons fish. Home has many upgrades, new deck, & both air conditioning & evaporative cooling. Residents own 1/18 stock equity in the 2.11 acre parcel the park sits on. HOA fees include natural spring water, community septic, trash, TV cable, water tests, repairs, maintenance to water system, as well as office expenses for on...

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Cottonwood’s housing boom!

Fri, Jun 16th 2017 7:02 pm by Leah Kolb Sedona Real Estate Market News

There is a good chance you've been hearing about the hot the real estate market. Like many homeowners you might be considering a move but you've been waiting for the right time. As real estate professionals we’re thrilled to report a positive outlook for those who are thinking about buying in the Verde Valley.

Cottonwood is bursting with new residential building which will open up many possibilities and is sure to offer homes in many price ranges.

Vineyards at Cottonwood’s 550-home housing development may be the area’s newest subdivision project, but it is by no means the only one going.

Construction of new homes continues at Mesquite Hills in Cottonwood and Mountain Gate and Crossroads...

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It's Summertime and you know what that means? Time to go to the ski lift!

Tue, Jun 13th 2017 7:56 pm by Leah Kolb Events

What? The ski lift in the summer?

Snowbowl Scenic Chair Lift 

Beat the heat and head up to the mountains for some COOL fun!

Take in the dramatic scenery of northern Arizona from a bird’s eye view by spending your summer afternoon on Arizona Snowbowl’s Scenic Chairlift. It’s perfect for the entire family. The lift shuttles you up the western side of the San Francisco Peaks, and takes you up 2,000 feet in elevation. From here, you can take in the expansive beauty northern Arizona has to offer, including views of the red rocks in Sedona, the cinder cone volcanic field, and the walls of the Grand Canyon. The chairlift ride offers great opportunities for photography, observing wildlife, or just enjoying the peacef...

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Cute Sedona Cottage

Tue, Jun 6th 2017 1:58 pm by Leah Kolb Sedona Real Estate Market News

We knew this would go fast and it's amazing, we already have an offer.

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445 Coffee Pot Drive
Sedona, AZ

MLS# 513405 - Residential

This small cottage in West Sedona has an impressive list of amenities and improvements. Besides being within walking distance of all that Sedona has to offer and close to hiking - this 2 bedroom, 1 bath home has a large fenced back yard. The spacious back deck has great views of Thunder Mountain. The kitchen and dining area is open to the living room. A wood burning kiva fireplace is the center of the living area. New sound proof windows & a patio door have been installed. The exterior has been recently painted. Clay walls and cork floors make this the ...

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New Vacant Land Listing at Thunder Ridge in Lake Montezuma

Sun, Jun 4th 2017 11:23 am by Wally Reule Sedona Real Estate Market News

Here is our newest listing. It's a large lot in a the very desirable Thunder Ridge subdivision. And more new listings are on the way, so stay tuned in.

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6050 Thunder Ridge
Lake Montezuma, AZ

MLS# 513397 - Land

It doesn't get any better than this.3.36 acres of high desert, located in the Master Planned Community of Thunder Ridge, with a private WELL, and a level/flat build. Surrounded by beautiful custom home sites, Thunder Ridge offers buyers the chance to build their own personal sanctuary "away from it all". This lot has 360 degrees of sweeping, panoramic views highlighted by mountain ridges, trees, and flowering desert vegetation. Wildlife frequently visits, the long wash runni...

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Sedona Real Estate Market is Hot

Fri, Jun 2nd 2017 11:15 pm by Wally Reule Sedona Real Estate Market News

The market is really hot, and would be hotter if there were enough homes to sell. Here are some statistics to back it up.

  • So far 175 single family residences have sold, compared to 140 last year....a 25% jump.
  • There are 209 active single family residence listings now compared to 298 last year.
  • Median sales price is $510,000, up 13%
  • 15 luxury homes over $1,000,000 have sold compared to 5 last year.
  • Vacant land is really picking up as the inventory of homes declines, with 52 lots sold compared to just 20 a year ago.

Now is a great time to buy land if you're thinking about building. Although the number of lots sold has been increasing, prices have lagged. But as inventory declines,...

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Our Very Own Village of Oak Creek Recognized for Tax Friendliness

Wed, May 31st 2017 11:47 pm by Wally Reule Miscellaneous

According to SmartAsset's list of most tax friendly towns for retirees, The Village of Oak Creek is number one. They take into account income tax, property tax, sales tax, fuel tax and social security. So if you want to save some money on your taxes, move to the Village. To learn all about it, go to this article in the Flagstaff Business News.

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Will Reverse Mortgages Survive the New Federal Budget Cuts?

Mon, May 29th 2017 12:16 am by Wally Reule Miscellaneous

I have heard rumors from mortgage brokers that the federal funding through HUD that makes reverse mortgages possible is in jeopardy with the new federal budgets. I hope that doesn't happen because my opinion is that it's a great option for many of our clients. Apparently the first budget proposal from the white house does not mention this program, but it does mention some others. However, the proposal is short on details so who knows. For an interesting read on this subject, go to this issue of Reverse Mortgage Daily.

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Illuminate Film Festival Kicks Off May 31

Sun, May 28th 2017 11:03 pm by Wally Reule Events

This year the festival runs from May 31 to June 4. They offer some wonderful, thought provoking films and we highly recommend it. Below is their Mission Statement, which obviously says it much better than I could. Click on www.illuminatefilmfestival.com for more information.

"Our mission is to expand human consciousness through cinema."

"ILLUMINATE is the world's premier film festival for conscious cinema. Dedicated to spreading enlightened ideas and pushing humanity forward, ILLUMINATE is a landmark destination event and centerpiece for conscious content. Founded on the premise that the language of film is universal and a dynamic force in carrying messages to the masses, the Festival s...

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Sedona International Film Festival Fund Raiser

Tue, May 9th 2017 1:57 pm by Wally Reule Events

The Sedona International Film Festival is something that we are very proud of. It has become one of the premier film festivals in the country, and attracts great films and artists. They have started a $250,000 matching grant campaign to help pay for their new theater and to guarantee their  financial stability in the future. We support them and encourage others to do the same. To read more about it, go to this Red Rock News article.

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