Northern Arizona Real Estate and Community News

March 22, 2017

Hiking in Sedona

Hiking is a must in Sedona! With over 100 trails and several beautiful landmarks, it's something  you can't miss! 

 

Hiking in Sedona

Whether you've never hiked in your life, or you're an avid, regular hiker, there are several different trails for everyone and every skill level. 

If you want a someone to take you on the different trails, there are several that can show you all the amazing secrets this Arizona town has. CLICK HERE for more info on hiking guides.

 If you like hiking without a personal tour guide, there's a Sedona Hiking app that can help guide you to the trail heads. This app also gives you all the information you'll need on different hikes, such as difficulty, time it takes to hike it, and descriptions of what you'll see on the trail. It's basically a virtual tour guide! CLICK HERE for more information on this app. 

 

 If you'd like to become your own Lewis and Clark by exploring the terrain on your own, check out these top 10 hikes to do in Sedona. Who needs a tour guide anyway (virtual or personal)? CLICK HERE for the list.

 

Why You Should Hike

Here's just a brief explanation of why you should hike. LiveHealthy did a break down on how your body responds to being out in nature after a certain amount of time.

  • After 5 minutes: You're self-esteem and mood increase as you exercise outside (according to Environmental Science and Technology).
  • After 10 minutes: You have a greater ability to focus (according to a study from the University of Michigan and the University of Chicago).
  • After 20 minutes: You have more energy and vitality (according to the University of Rochester).
  • After 30 minutes: Your happiness improves, symptoms of depression decrease, and blood pressure falls (according to Scientific Reports).
  • After 90 minutes: "Blood flow to your subgenual prefrontal cortex - an area of the brain involved in negative thoughts - is reduced," Greg Bratman, a research fellow at Stanford University's Center for Conservation Biology said.

 

 

If you want to live in this community with dozens of hiking trails at your fingertips, CALL Brandon or Spencer with iAmSedona today to find your dream Sedona home! 928-228-5339

 

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If you want to learn about some home financing options, or if you're looking to get pre-qualified, contact Marc Trejo at Sun American Mortgage Company: 602-743-4885

Posted in Sedona
March 8, 2017

Art in Sedona

Sedona has so much for residents and visitors to enjoy, especially when it comes to art. If you are an artist yourself or you just appreciate its beauty, Sedona has something for you. In fact, its history is rich in art! 

 

According to an article on the Visit Sedona site, Native American artists created art in the rocks of Sedona. You can see various artifacts and drawings made by past Native American groups all around the area!

Visit Sedona also points out that photos of Sedona (taken by Maj. John W. Powell) helped jumpstart the National Parks System when he took the pictures to D.C. (CLICK HERE to read the story). Sedona's beauty cannot be ignored, and thanks to artists like Maj. Powell, many more people can enjoy it!

 

Sedona's artistic mark doesn't end with its history - it continues on today. With various art galleries and art shows, residents and tourists can enjoy all the unique and talented art that Sedona boasts. 

 

If you want to live in this artistic community, CALL Brandon or Spencer with iAmSedona today to find your dream Sedona home! 928-228-5339

 

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If you want to learn about some home financing options, or if you're looking to get pre-qualified, contact Marc Trejo at Sun American Mortgage Company: 602-743-4885

Posted in Sedona
Feb. 22, 2017

Sedona, Arizona - An Unrivaled Beauty

An Unrivaled Beauty - Sedona

With breathtaking red rocks that rival the Grand Canyon and a winding, bubbling creek, Sedona is truly an unrivaled beauty. Its enchanting atmosphere catches the heart of every resident and visitor. 

This one-of-a-kind place has something for everyone. 

Whether you like hiking, mountain biking, yoga, camping, or other various outdoor adventures, Sedona is the place for you! With over 100 mountain trails, you'll never be bored!

If you're more into photography, art walks, bird-watching, or other relaxing activities, Sedona will give you the experience you've always wanted. 

Come find out why so many people love Sedona. The "desert" is prettier than you could ever imagine! 

Want to live in this paradise? CALL/TEXT Brandon or Spencer with iAmSedona today! 928-228-5339

 

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If you want to learn about some home financing options, or if you're looking to get pre-qualified, contact Marc Trejo at Sun American Mortgage Company: 602-743-4885

Posted in Sedona
July 5, 2016

4 Reasons to Buy This Summer

4 Reasons to Buy This Summer! | Simplifying The Market

4 Reasons to Buy This Summer!

Summer is here! The temperature isn't the only thing heating up right now, so too is the housing market in many areas of the country! Here are four great reasons to consider buying a home today instead of waiting.

1. Prices Will Continue to Rise

CoreLogic’s latest Home Price Index reports that home prices have appreciated by 5.9% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 5.3% over the next year. The Home Price Expectation Survey polls a distinguished panel of over 100 economists, investment strategists, and housing market analysts. Their most recent report projects home values to appreciate by more than 3.2% a year for the next 5 years.

The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting no longer makes sense.

2. Mortgage Interest Rates Are Projected to Increase 

Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage have remained around 4%. Most experts predict that they will begin to rise over the next 12 months. TheMortgage Bankers AssociationFreddie Mac & the National Association of Realtors are in unison, projecting that rates will be up almost a full percentage point by this time next year.

An increase in rates will impact YOUR monthly mortgage payment. A year from now, your housing expense will increase if a mortgage is necessary to buy your next home. 

3. Either Way You are Paying a Mortgage

As a paper from the Joint Center for Housing Studies at Harvard University explains:

“Households must consume housing whether they own or rent. Not even accounting for more favorable tax treatment of owning, homeowners pay debt service to pay down their own principal while households that rent pay down the principal of a landlord plus a rate of return. That’s yet another reason owning often does—as Americans intuit—end up making more financial sense than renting.”

4. It’s Time to Move On with Your Life

The ‘cost’ of a home is determined by two major components: the price of the home and the current mortgage rate. It appears that both are on the rise.

But what if they weren’t? Would you wait?

Look at the actual reason you are buying and decide whether it is worth waiting. Whether you want to have a great place for your children to grow up, you want your family to be safer or you just want to have control over renovations, maybe now is the time to buy.

If the right thing for you and your family is to purchase a home this year, buying sooner rather than later could lead to substantial savings.

Posted in Buying a Home
June 20, 2016

What's Happening in the Real Estate Market?

What’s Happening in the Real Estate Market? | Simplifying the Market

What’s Happening in the Real Estate Market?

This is a pretty common question that a potential home buyer or seller may be asking themselves. Leading economists in real estate converged in New Orleans this past week as they presented their answer to this question at the 50th Annual Real Estate Journalism Conference for the National Association of Real Estate Editors.

Here are the top takeaways from the week of presentations:

Many of the conversations at the conference came back to the impact that Millennials and first-time home buyers will have on the market in the future. Jonathan Smoke, Chief Economist for realtor.comhad this to say: 

“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 according to the Census, at 84 million.”

According to the National Association of Realtors (NAR), the median first-time home buyer age is 30 and many millennials are entering a prime age to drive the housing market into the future.

Lawrence Yun, Chief Economist for NAR shared that myths and affordability may be holding back potential buyers:

“84% of current renters have the desire to own. While 36% believe they cannot afford a home and 60% of renters believe it would be ‘difficult’ to qualify for a mortgage.

Ellie Mae’s Vice President, Jonas Moe encouraged buyers to know their options before assuming that they do not qualify for a mortgage: 

“Many potential home buyers are 'disqualifying' themselves. You don't need a 750 FICO Score and a 20% down payment to buy.”

The National Multifamily Housing Council (NMHC) revealed that Millennials and Baby Boomers are often competing for the same housing inventory, causing a challenge as these two groups are the largest generations by population.

Both groups are looking for affordable, convenient homes close to city centers and ‘what’s happening.’

Bottom Line

The experts agree that homeownership is still desirable across all demographic groups, with Millennials and Baby Boomers having a great impact on available supply. If your dreams include owning your own home, let’s get together and evaluate your ability to buy now!

Posted in Real Estate News
June 9, 2016

5 Reasons to Hire a Real Estate Pro

5 Reasons To Hire A Real Estate Pro | Simplifying The Market

5 Reasons To Hire A Real Estate Pro

Whether you are buying or selling a home, it can be quite an adventurous journey. You need an experienced Real Estate Professional to lead you to your ultimate goal. In this world of instant gratification and internet searches, many sellers think that they can For Sale by Owner or FSBO.

The 5 Reasons You NEED a Real Estate Professional in your corner haven’t changed, but have rather been strengthened due to the projections of higher mortgage interest rates & home prices as the market continues to recover.

1. What do you do with all this paperwork?

Each state has different regulations regarding the contracts required for a successful sale, and these regulations are constantly changing. A true Real Estate Professional is an expert in their market and can guide you through the stacks of paperwork necessary to make your dream a reality.

2. Ok, so you found your dream house, now what?

According to the Orlando Regional REALTOR Association, there are over 230 possible actions that need to take place during every successful real estate transaction. Don’t you want someone who has been there before, someone who knows what these actions are, to make sure that you acquire your dream?

3. Are you a good negotiator?

So maybe you’re not convinced that you need an agent to sell your home. However, after looking at the list of parties that you need to be prepared to negotiate with, you’ll realize the value in selecting a Real Estate Professional. From the buyer (who wants the best deal possible) to the home inspection companies, to the appraiser, there are at least 11 different people that you will have to be knowledgeable with and answer to, during the process.

4. What is the home you’re buying/selling really worth?

It is important for your home to be priced correctly from the start to attract the right buyers and shorten the time that it’s on the market. You need someone who is not emotionally connected to your home to give you the truth as to your home’s value. According to the National Association of REALTORS, “the typical FSBO home sold for $208,700 compared to $235,000 among agent-assisted home sales.”

Get the most out of your transaction by hiring a professional.

5. Do you know what’s really going on in the market?

There is so much information out there on the news and the internet about home sales, prices, and mortgage rates; how do you know what’s going on specifically in your area? Who do you turn to in order to competitively price your home correctly at the beginning of the selling process? How do you know what to offer on your dream home without paying too much, or offending the seller with a low-ball offer?

Dave Ramsey, the financial guru, advises:

“When getting help with money, whether it’s insurance, real estate or investments, you should always look for someone with the heart of a teacher, not the heart of a salesman.”

Hiring an agent who has their finger on the pulse of the market will make your buying/selling experience an educated one. You need someone who is going to tell you the truth, not just what they think you want to hear.

Bottom Line

You wouldn’t replace the engine in your car without a trusted mechanic. Why would you make one of the most important financial decisions of your life without hiring a Real Estate Professional?

June 3, 2016

June is National Homeowners Month!

June is National Homeownership Month! | Simplifying The Market

Some Highlights:

  • Paying rent is not a good investment, but owning is a great way to start building family wealth.
  • Not only does homeownership allow you to provide your children with great education, but you can also decide whether or not your child grows up with a pet.
  • Owning a home provides you with tax benefits while also providing you with more living space to move around in.
Posted in Buying a Home
May 9, 2016

Real Estate is the best long-term investment

Americans Believe Real Estate is the Best Long-Term Investment [INFOGRAPHIC]
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Some Highlights:

  • Real estate outranks stocks/mutual funds, gold, savings accounts/CDs, and bonds as the best long-term investment among Americans.
  • Real estate is ranked as the best long-term investment among all age groups.
  • Millennials rank both real estate and savings/CDs at 26% when it comes to the best long-term investment.
Posted in Buying a Home
April 18, 2016

Now is the time to sell

If You Are Thinking of Selling, Now Is The Time

If you thought about selling your house this year, now may be the time to do it. The inventory of homes for sale is well below historic norms and buyer demand is skyrocketing. We were still in high school when we learned the concept of supply and demand: the best time to sell something is when supply of that item is low and demand for that item is high. That defines today’s real estate market.

Jonathan Smoke, the Chief Economist of realtor.com, in a recent article revealed that:

“Would-be buyers face a dilemma: There will be more homes on the market over each week of the next three to four months, but there will also be even more prospective buyers. We are entering the busiest season of home buying with the lowest amount of inventory in three years. To be competitive, buyers should get pre-approved for a mortgage and be ready to act quickly if they find a home that meets their needs.”

Smoke goes on to say:

“Listings are growing as they normally do this time of the year, but because demand has been growing faster than supply, homes are selling faster. So the monthly trend is the normal seasonal pattern, but the year-over-year decline is reflective of demand being stronger than supply for more than a year, which is resulting in fewer homes available and faster-moving inventory.”

In this type of market, a seller may hold a major negotiating advantage when it comes to price and other aspects of the real estate transaction including the inspection, appraisal and financing contingencies.

Bottom Line

As a potential seller, you are in the driver’s seat right now. It might be time to hit the gas.

Posted in Selling Your Home
April 12, 2016

Over Half of Americans Plan to Buy a Home Within the Next 5 Years

Over Half of Americans Planning on Buying in the Next 5 Years | Simplifying The Market

Over Half of Americans Planning on Buying in the Next 5 Years

According to the BMO Harris Bank Home Buying Report, 52% of Americans say they are likely to buy a home in the next five years. Americans surveyed for the report said that they would be willing to pay an average of $296,000 for a home and would average a 21% down payment. The report also included other interesting revelations.

Those Looking to Buy

  • 74% of those looking to buy a new home will consult with a real estate agent
  • 59% said they will visit online real estate websites
  • 37% will seek recommendations from friends and family
  • 78% plan to get pre-approved before seriously searching for a home

 Those Who Already Own

  • 75% of current homeowners set a budget before looking for a home, and 16% ended up spending less while 13% went over their budget.
  • 63% of American homeowners spent under six months looking for a new home before they made a purchase.
  • 8% bought their home without participating in an active real estate search - or even any plan to buy at all - because a specific property caught their attention.

The last point is very interesting: Of those who purchased a home, 8% bought“without any plan to buy at all”. A property caught their attention and they acted on it.

Why Are More People Not Planning Their Next Move?

Why are people that are considering a move not putting their home search to a plan, and instead, buying only when a property catches their attention? Anarticle by Fannie Mae reveals evidence that a large number of homeowners are dramatically underestimating the equity they have in their current home. The report explains that:

“Homeowners may be underestimating their home equity. In particular, if homeowners believe that large down payments are now required to purchase a home, then widespread, large underestimates of their home equity could be deterring them from applying for mortgages, selling their homes, and buying different homes.”

Bottom Line

Let's meet up to determine the actual equity you have in your house and to take a look at the opportunities that currently exist in the real estate market. This may be the perfect time to move-up, move-down or buy that vacation home your family has always wanted.

Posted in Buying a Home