Due to the lower price points in the Sedona marketplace, buyers who have always wanted to live in Sedona and previously couldn't afford it, buyer's who always DREAMED for a 2nd home in Sedona, are now snapping up our low foreclosures and short sale properties. Our residential resale market is seeing a surge of activity. That will continue for quite a while. However, if you are thinking of buying... now... stop thinking and buy! Or you could miss out. Interest rates are creeping up.... and just a 1 % point higher interest rate will offset a 10% reduction in the price of a home. So why wait! Take advantage of the market now. And if you are a seller - please, please, do yourself a favor - and price the property to sell, not to sit. To sell - to attract a buyer. I have seller's say to me... Well, I don't want to give it away! Your not giving it away. A price reduction will pique a buyer's interest, and you have to be lower than the next guy. Your still making money - and you no longer have to pay the mortgage. Lower the Price! If you don't have any showings... Lower the price!That is the reality of the situation for both buyer's and seller's in the Sedona Real Estate Market! For all your buying and selling needs, contact me at 1-928-301-0669/www.barbarbaker.com Happy Buying... Happy Selling![]()
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