8 Tips for Buying Your Sedona Luxury Home
Are you considering buying a Sedona luxury home? For the purposes of this article, we’ll define a luxury home as any home over $1 million.
Sedona Arizona offers an active lifestyle that is hard to beat. We have something for everyone and a vibrant list of activities, events and recreation opportunities throughout the year. Even with the large number of visitors from around the world, it’s kept it’s small town feel. One upside to the tourism industry is the large number of restaurants, art galleries and entertainment around Sedona.
Before you head out to buy a Sedona luxury home, you’ll want to know what to expect and what to look for during the home buying process. We are here to help guide you and assist you throughout. You’ll probably find that some things may be done differently in Arizona than they were at your last home state. The more upfront with us you are about your expectations, the better the experience will be for all of us.
Sedona Luxury Home Buying Tip # 1 – Hire a Realtor with Experience
We know the entire Verde Valley area of Arizona and we know the local communities. We are very familiar with all the Sedona luxury market communities and if we don’t know the answer to a question, we’ll find out.
Susan has a great deal of experience and expertise as a Sedona luxury agent and she can discuss the available inventory. She also knows the amenities available and can find Sedona luxury homes that match your needs.
Sedona Luxury Home Buying Tip # 2 – Expect Confidentiality from your Realtor
Privacy should be a basic human right. If you choose Susan as your luxury home Realtor, she will adhere to a strict level of confidentiality. Successful Realtors don’t talk about high profile clients that may be buying a Sedona luxury home. It’s bad business and damages reputations.
Susan belongs to the Sedona Luxury Real Estate Professionals (SLREP). It’s a group of very successful agents that must have proven experience in the Sedona luxury home market. They must also be invited to join. They meet twice a month and here they will exchange information on luxury homes that are coming up for sale & ‘pocket listings’. These are luxury homes in Sedona Arizona that the owners do not want the home in the Sedona AZ MLS. High profile or High net worth clients on occasion do not want it known that they are selling, for a number of reasons. As a member of the Sedona Luxury Real Estate Professionals, Susan has access to these very private listings.
Sedona Luxury Home Buying Tip # 4 – Proof of Funds Will be Required
Proof of funds is required whenever you make an offer on a home. However, for the high end luxury market in Sedona Arizona it is common that proof of funds maybe required to show the home.
It may seem an imposition on your privacy (it is) to have to provide financials to even see a property, but it ensures that only qualified people will be able to step inside the property. The seller may incur expenses by having cleaners and landscapers come to the property prior to a showing so that it is in top shape. If you are a high profile individual, then a simple search in Google for your profile may suffice and placate the seller. Lacking that then either a letter from your bank or brokerage attesting to your ability to purchase is frequently enough. On occasion, a seller may only be satisfied with actual account statements. We recommend that the account number is blacked out. Ultimately, you’ll need to provide the actual statements at the time of contract if you’re paying cash for the Sedona luxury home.
Sedona Luxury Home Buying Tip # 5 – Research with your Realtor
Let Susan know what you really want in a luxury home in Sedona. Is it a certain lifestyle? What are your interests and hobbies? This will help us better sort through the 60 Sedona luxury homes on the market. Do you need a gated community for extra security? What about the amenities of the home, a swimming pool, workout facility, yoga room …etc.
Sedona Luxury Home Buying Tip # 6: Consider Sedona luxury Foreclosure Homes
We don’t get a lot of foreclosure homes in Sedona, usually no more than a few at any given time. However, some of them can certainly fall into the luxury home market. This can be a great way to buy a Sedona luxury home at a discount. Who doesn’t like to save money? Just make sure you have a trusted home inspector and contractors to go through it. You want to know any problems you’ll be buying with the home. Foreclosure homes are sold by the banks in ‘As-Is’ condition without any disclosures as to the condition of the home.
Check out Sedona foreclosure homes.
Sedona Luxury Home Buying Tip #7 : Seller Motivation Level
We always like to look at how long the property has been on the market. It can take two years to sell and most sellers are discouraged after only a few months. Has it ever had a price reduction? If they are regularly reducing the price, the home will eventually sell. The problem with overpricing a luxury home in Sedona is that it will get stale on the market. Priced right and in good condition, it should sell within 6 months. You’ll want a search that notifies you of price changes. We have seen Sedona luxury homes that sat on the market and then they drop it by 10% or more and it goes quickly. You want to know when the price changes to those luxury homes happen. Along those lines, be sure to visit our Sedona Real Estate Market stats page, it’s always up to date.
Sedona Real Estate Market Average Home Prices
Sedona Average Home Prices
Information is deemed to be reliable, but is not guaranteed. © 2019
Sedona Luxury Home Buying Tip #8 The Contract
You will want to compare the home to the market. Is it priced right for location, build quality, age and amenities? With Susan’s years of experience, she will be able to determine the best initial offer & likely sales price of the home.
Try to keep the offer as ‘clean’ as possible. A well written contract with the appropriate clauses to protect you but without any unusual contingencies or requests. A quick closing on a luxury home in Sedona is often a plus when sellers review the offer. Use your due diligence period to the fullest – Home inspection, future plans, previous insurance claims, specialty inspections, anything that assures you the property is as presented.
Ask us for a copy of a blank contract if you would like to review it prior to your purchase. All contract forms are drawn up by the Arizona Association of Realtors.
Buying a home can be stressful. We know that, we have seen it and that’s why we believe in providing as much information as you need to help you make an informed decision when buying a Sedona AZ home. Our motto is “Providing Information… Not Pressure”. We will be with you every step of the way through the entire buying process.
Call us and we can chat about Sedona and your possible future plans.
Latest Sedona Luxury Homes on the Market
Updated every 15 minutes from the Sedona Verde Valley Multiple Listing System (Sedona MLS)