DEBnAIR Real Estate

John R. Talbott, previously a Goldman Sachs investment banker, is a bestselling author and economic consultant.  When the housing prices started to skyrocket in 2003, he published The Coming Crash in the Housing Market correctly warning us that a real estate bubble was forming.  Then in January 2006, he called the absolute peak of home prices in the US by releasing a new book, Sell Now! The End of the Housing Bubble.

John R. Talbott, the person who accurately predicted the housing bubble and its bust, now has a new prediction – IT IS THE TIME TO BUY A HOME! In a recent article, Homes – Buy Now!, Talbott simply explains:

“I have been waiting for more than five years to offer this advice. It is now time in most cities across the country to buy a new home or refinance your existing home with thirty-year fixed rate mortgage debt.”

He goes on to explain that his conclusion is based on four different metrics, all of which favor buying today:

§ Home Prices Relative to Peak Prices During the Bubble

§ Home Prices Relative to Construction Costs or Replacement Costs

§ Home Prices Relative to Incomes and Rents

§  Home Prices in Real Terms, Not US Dollar Terms

As Realtors here in Sedona it is our job and goal to advise our clients on the market.  When is the best time to buy and sell Real Estate.  The actual bottom is an impossibility to guess.  Most people never realize it until it is long underway.  But some professionals, such as John R. Talbott, have been able to point the way successfully and consistently.  If you are a Buyer that has been waiting on the sidelines for the right time, Mr. Talbott says it is now!  And if you are in a position that you MUST sell, then even though now is not the best time for Sellers to get top dollar, you can be certain that, priced right, there will be Buyers out there looking to purchase your property.  Now is not the time to wait, NOW is the TIME to ACT!

Call Debb Carl and Airen Sapp DEBnAIR at RE/MAX Sedona NOW!

Debb’s cell 928.301.1947  Airen’s cell 928.301.2568 info@debnairrealestate.com

In the Real Estate market here in Sedona and the Verde Valley, just as it is anywhere else in the country we always look to the stats to tell us which way the trends are going.  Compiling numbers from established data replaces the not so trustworthy crystal ball.  And the good news is 2011 stats are promising!

The number of homes on the market in the Sedona / Verde Valley areas began to shrink in 2011. That “tightening,” is a good sign that real estate in the Sedona area is growing compared to 2009 and 2010. When it comes to a recovering market one of the indicators experts examine is how many homes are for sale in a specific area.

“The best houses are being sold. It’s harder to find the good deal that really works for the client and if we do find them there are generally several offers on such a property.  These are signs that the market is beginning to turn.

Sedona is a wonderful place to live and with interest rates being what they are now is definitely a great time to purchase real estate in Sedona.  To get the really great deals you need to be ready and waiting!  The really good deals are not just sitting on the market anymore.

If you have any questions regarding the Sedona / Verde Valley Real Estate Market Contact Debb Carl and Airen Sapp DEBnAIR at RE/MAX Sedona Now!

Debb’s Cell 928.301.1947   Airen’s Cell 928.301.2568   or debnair@esedona.net

If you plan on moving anytime in 2011, you should strongly consider selling your house now rather than waiting. Here are five reasons why:

1.) This is when your house will get the most exposure 

The spring, and particularly the month of May, is when most buyers enter the real estate market. This surge of buyers dramatically increases the exposure for your house . The best chance of getting quality offers (perhaps even multiple offers) is RIGHT NOW!

2.) Foreclosures and short sales will increase in about 90 days

The good news is that the number of people paying their mortgage on time is increasing. This will lead to less distressed property sales later this year and throughout 2012. The not-so-good news is that there is still a large inventory of existing foreclosures and short sales that will still be coming to market.

As an example, LPS reported in their latest Mortgage Monitor that:

§ There are still twice as many loans going 90+ days delinquent as are starting foreclosure

§ There are almost three times the number of foreclosure starts as there are foreclosure sales

§ Distressed property inventory levels are almost 45 times the rate of monthly foreclosure sales 

This means that there is a backlog of properties which will start coming to the market in about 90 days as banks clear up their paperwork challenges. These properties sell at dramatic discounts. They will be your competition. Both Fannie Mae and Freddie Mac have recently discussed the magnitude of this challenge.

3.) Interest rates have risen over the last six months

Interest rates have stabilized recently. However, in the last six months, interest rates have climbed over 1/2%. Every time the rates increase 1/4%, approximately 250,000 buyers are eliminated from qualifying for a mortgage. In an environment of volatile rates, waiting could mean that there will be fewer buyers eligible to purchase your house. It also could mean that you will pay a higher rate on the next home you buy.

4.) Qualifying for a mortgage is about to get even more difficult

Besides increasing rates, there are other factors that will hinder a buyer’s ability to qualify for a mortgage as we move forward. Lending standards have been getting tighter over the last year. And as the government debates the new proposed guidelines (QRM), banks are gearing up for even more stringent standards.

Morgan Stanley recently stated:

“Recent developments in issues such as GSE reform, Dodd-Frank securitization rules, and foreclosure settlement issues suggest a tighter and more expensive environment for mortgage credit.” 

This may impact any potential purchaser for your property and may also impact your next purchase.

5.) It’s time to get on with your life 

Probably the most important reason to sell is so you can get on with your life. You placed your home on the market for a reason. Do not allow a less-than-stellar housing market prevent you from reaching your goals as an individual or as a family. Think about the reasons you decided to move in the first place. Are these reasons still important to you? If you have to take less than you were originally hoping to get for your house, your family has a question to ask each other: Is the dollar difference in sales price worth putting off our plans? Only you and your family know the answer to that question.

Bottom Line 

If you plan to sell this year, the reasons above prove that selling now makes more sense than waiting to later in the year. Sit with a real estate professional in your area today to fully understand your best option.

Debb Carl and Airen Sapp, AKA DEBnAIR have worked together as a team for 20 years and are among the leading Sedona Realtors providing excellent service in Sedona Real Estate sales in Sedona and throughout the Verde Valley. You can contact Debb and Airen at http://www.debnairrealestate.com.

Sedona, Arizona is said to be one of the top ten most beautiful places in all of the world.  With its red rock mountains and its lush green desert landscape, Sedona land has always been a worthy investment for families and investors alike.  This is not only because of the beauty that lies within Sedona, Arizona itself, but also because of the limited supply of Sedona land for sale.

Sedona is a unique area, as the land for sale is completely limited.  The area itself has been noted to only support a little over seventeen thousand individuals within it.  This only makes for close to three thousand and nine hundred acres of land to build upon. 

As of 2001, a little over sixty percent of that land was already built out.  If the trend of purchasing Sedona land for sale continues, it is predicted that by 2015, all of the property will have been purchased and built upon.

Once this land has come and gone, the demand will skyrocket even more than it already has.  With our current economic status, Sedona land for sale is even more affordable than ever before.  As investors now begin to scout the land, it is always in ones best interest to find a realty team that knows the area and the market.  Making your perfect choice in investing in Sedona land for sale, will only offer you a more of a profitable return in the future.

With all available land in Sedona predicted to be owned and built upon within the next four years, who doesn’t want to get a piece of this pie?  Celebrities have already taken claim to their beautiful piece of Sedona, Arizona, as they continue to invest in the red rocks for serenity and a landscape unlike any other in the world.

With beautiful weather year round and tourism growing each day, investors and families alike are eagerly searching the area for a worthy investment.  Why haven’t you made your purchase of Sedona land for sale?  Remember, supply is slim, demand is high, and the return on investment is definite.

Debb Carl and Airen Sapp, AKA DEBnAIR have worked together as a team for 20 years and are among the leading Sedona Realtors providing excellent service in Sedona real estate sales in Sedona and throughout the Verde Valley. You can contact Debb and Airen at www.debnairrealestate.com.

Despite the bad press foreclosures are receiving lately on the news due to banks and lenders sloppy documentation, the number of new foreclosures is still at a high.

While some have rumored a freeze on foreclosures, according to “The Hill” on October 11, 2010, Freddie Mac has not called for a moratorium on foreclosures and probably won’t do so. What they have done is began investigations into banks and their documentation problems.

What does this mean for the average citizen? For those who can’t afford their homes, it doesn’t mean a whole lot. These homeowners are still hitting walls trying to modify their loans. When that doesn’t work, they have to face the process required in foreclosing.

For the buyer, this means lower home prices. In luxury communities such as Sedona, Arizona where home prices only go up, this means right now it a great time to get the bargain of the century.

Let’s begin by explaining what a foreclosure is before we talk about bargains. Foreclosures are often confused with short sales. So, this is what a foreclosure is how it occurs.

A home goes into foreclosure when a lending institute takes back ownership of a property that it carries a lien on. This taking back is usually done when the borrower is not making payments. The process a lending institute follows begins with the borrower receiving notice. If the borrower does nothing, the property is sent to a trustee sale or public auction. Few homes are sold at these auctions, possibly due to the fact that the bank is starting the auction price at the loan amount. With many homes upside down, this doesn’t give the buyer any real discounted value.

After the auction, if the property has not sold, it will then be listed on the MLS, just as a normal listing would and under a realtor. The difference between a foreclosed MLS listing and a standard listing is that in addition to one having to fill out a standard sales contract, there is an addendum that is included by the lending institute. The addendum should be carefully read and understood as it can take away the rights a buyer would have in a standard contract.  Addendums usually include statements such as - buyer is buying house ‘as is’. Buying a home ‘as is’ almost nullifies the value of an inspection report. If an inspector determines the house is in need of repair, the bank can insist that it will not make any.

The addendum can also include the right for the lender or bank to cancel the contract at any point before Close of Escrow if a better offer comes in.

Now, if you are willing to accept these conditions, then buying a foreclosure in a high-end luxury community can be one of the best investments you can make right now.  With that said, know that other folks also know that buying foreclosures in such communities is a great investment and will make counter-offers to your offer on a foreclosure. But with an experienced professional realtor on your side, someone who knows the surrounding area and its pricing, they can assist you in not over-bidding on your home.

Buying a foreclosure doesn’t have to be daunting or difficult. Do your homework, speak to a professional realtor and be prepared to have some patience - and with that, you too can walk away with the home of your dreams in the community of your dreams within your price range.


Debb Carl and Airen Sapp, AKA DEBnAIR have worked together as a team for 20 years and are among the leading Remax Sedona Real Estate Agents providing excellent service in Sedona Real Estate sales in Sedona and throughout the Verde Valley. You can contact Debb and Airen at http://www.debnairrealestate.com.

Harmony Knolls, West Sedona  -  The single story at 2555 Leisure Lane has been sold.

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• 1,440 sq. ft., 2 bath, 3 bdrm single story - MLS® $175,000

Harmony Hills, Sedona - Yavapai County  -  This Newly Renovated Manufactured Home sits on a Great Corner Lot facing Incredible Red Rock Views! New Kitchen Cabinets, New Carpet, New Vinyl, New Bathtub insert in Master Bath, New Light Fixtures, New Honey Comb Up and Down View Blinds, New Deck, New Backyard Courtyard, New AC Unit, New Appliances and Everything Freshly Painted! All you have to do is Move In! Owner may carry with 40% down and Seller Approval of Buyers Credit.

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