June 28, 2017

How to Simplify the Home Purchasing Process for Seniors

Jim Vogel | jim@elderaction.org

Simplyfy Home Buying for Seniors- Flagstaff

Seniors who choose to purchase a new home for their golden years may find that making the decision to do so is the easiest part of the process. Unfortunately, the home purchasing process can be difficult for seniors who do not look forward to the stresses of dealing with selling their current home, choosing a new home, and moving. The good news is, purchasing a new home does not have to be as complicated as seniors may fear, and our guide will offer the tips and guidance to make the process go as smoothly as possible.

 

1. Break the Process into Smaller Steps

 

Purchasing a home is a large undertaking, but seniors often find it more manageable when they break the process into four smaller stages. The first step a senior should take is to find a real estate agent. Agents have the knowledge and connections needed to simplify the buying and selling process, and they know neighborhoods so well they can help a senior find exactly the location in which they dream of spending their golden years.

 

The next step of purchasing a home is specifically stating your needs and non-negotiables. Seniors should consider the attributes of a home that will make it easier for them to age in place and spend their retirement years in the comfort of their own home. For example, seniors may prefer ranch-style homes so they don’t have to climb stairs and carry laundry up and down every day. They also look for homes that have modified bathrooms that include walk-in tubs and showers, higher toilets, and non-slip floors. Of course, if you find a home that meets most of your needs but not all of them, you can find a reliable contractor to make the modifications you will need to live safely and independently in the comfort of your new home.

 

Seniors often find that when they sell their larger homes, they can pay for their new home and have money left from the sale to invest. Not requiring a mortgage immediately simplifies the home purchasing process for seniors. Work with your real estate agent to coordinate selling your home while looking for a smaller one to purchase. Many times, agents can put contingencies in place to hold a home until your current one sells. When you are ready to purchase a home, trust your real estate agent to make a bid that is in line with what comparable homes in the area have sold for and with your budget.

 

The final step of purchasing a home is the closing. Your real estate agent should coordinate the date to meet with the seller and the lawyers to close the deal. Be sure to choose a date that coordinates with your move-out date so you don’t have to pay to rent a home until your new home is ready.

 

2. Understand Your Financial Options

 

Ideally, you will be able to sell your current home and use the money to purchase your new home without needing a mortgage. Many seniors who downsize find that they can pay off a new home and have remaining money for making modifications to the home or for investing. If you do need a mortgage, there are financing options available to you; in fact, the National Association of Realtors’ Home Buyer and Seller Generational Trends Report 2017 states that in 2016, 68% of young baby boomers financed their home and 58% of older baby boomers did the same. Apply for a mortgage loan and consult with an advisor to know which type of mortgage makes the best financial sense for you.

 

3. Get Help

 

Real estate agents aren’t the only professionals you should seek help from when purchasing a new home. The physical tasks involved in moving are not easy for anyone, and seniors especially find them to be taxing. Moving services now specialize in helping seniors pack their belongings and move to a new home, and some also offer unpacking services. Seniors may choose from full packing services, partial packing services, and unpacking services to simplify the moving process and ensure their safety since others will be doing the heavy lifting for you.

 

Purchasing a new home does not have to be complicated for seniors. Try breaking the process into smaller steps, understanding your financial options, and getting help with the move to simplify home buying in your golden years.

 

Guest Author: Jim Vogel

Jim and his wife, Caroline, built ElderAction.org after becoming caregivers for their aging parents.

Posted in Home BuyingTips
June 23, 2017

Flagstaff AZ Real Estate Market Update- May 2017

Flagstaff Real Estate Market Data, AZ Provided by The Kelly Broaddus Team of REMAX Fine Living / by Joselyn Uy

 May 2017 Flagstaff Home Sales

 

Flagstaff Home Sales Slow Down  

This May 102 houses sold in the Greater Flagstaff region driving home sales up 43% vs last month. But this month's numbers dropped vs 104 sales from the same period a year ago. This makes two months in a row of weaker home sales after starting out strong in the first quarter of the year. For the first five months of 2017 there were 350 sales vs 376 for the same five month period in 2016 which represents a 7% decline. Why? Two factors: Rising home prices and tight inventory. Listings in the affordable price range had been very limited. These homes receive multiple offers and so pushing up prices which may have discouraged a few buyers.

"Current demand levels indicate sales should be stronger, but it's clear some would-be buyers are having to delay or postpone their home search because low supply is leading to worsening affordability conditions." - Lawrence Yun, NAR Chief Economist

 

Home Price Up Again

After taking a breather in April, the median Flagstaff home price is again on the rise. The median sale price for a house sold this May was $375K a 2% jump from a year ago and up 10% from April. Through the first five months the median sale price was $369K also a 2% increase from a year ago. 

 

Inventory Improve

Housing inventory has risen over the past month which is normal this time of year. Of the 673 listings currently available on the MLS as of June 22, 2017, 37% are priced below the median home price. 

  • Inventory continues to be a significant concern in the $200,000 - $300K price segment. The competition for homes in this price range is fierce as this price band only has 3 months of inventory.
  • Supply of homes in the $100K-200K and $300K-$400K is near normal level at just under 6 months.
  • There remains an overabundance of homes to choose from for the $500K and above buyer.

Advice to Flagstaff HomeBuyers 

Traditionally during summer months, there is a surge of buyers from the Valley looking to escape the heat. 

  • Know how much home you can really afford -> What’s Your Home Buying Power?
  • If you are looking to buy in the $200k-$300K price range, be prepared to act fast with an offer. These homes are selling quickly.
  • It's a buyer's market above $500K. 
  • Mortgage rates are holding steady in the below 4%. Take advantage of this low rate before it goes up again.

Advice to Homesellers

  • Luxury home sellers: This summer, expect more affluent buyers from the Valley will looking for custom homes in the gated golf communities of Flagstaff or one of the beautiful homes with acreage near Highway 180. 
  • If your home hasn't sold yet, check the price!
  • Thinking of selling? Check these out:

 5 Tips To Increase Your Home Value By Up to 28%

How to Amp Up The Resale Value of Your Home

Find Out How Much Your Home Is Worth

Online estimates do not include recent upgrades that add value to you home. Take the next step! Contact us for a personalized evaluation to find out how much your home is really worth. Call Kelly at 888.446.5602

May 2017 Flagstaff Marketwatch Summary

 We are still a buyer's market on homes priced $600,000 and above and a seller's market for homes priced under $500,000. 

Flagstaff Real Estate Total Home Sales- 102, down 2 % vs last year

Median Home Price- $375k, up 2 % vs last year 

The Most Expensive Single Family Home in May 2017 Sold for: $2,150,000 - This Forest Highlands home is also currently the most expensive home that sold in this year. This is the first time in 2017 that sold price breached the 2M mark.

Most Expensive Flagstaff Townhouse Sold for: $483,241 Luxury townhouse. New construction located in Pinnacle Pines, a community of premiere luxury townhomes in a private, quiet, treed location, close to hiking, golf and downtown Flagstaff.

Price of the Most Affordable Home Flagstaff Homes Sold in May 2017: 

$155,000- This 3 bedroom located in Kachina Village is the most affordable manufactured home that sold last month. 

$112,500 - The most affordable condo sold May 2017 was another studio unit at the Arbors in the Woodlands Area neighborhood.

$150,000- The most affordable mobile home that sold the previous month is in the Mobile Haven area of Flagstaff.

How much did the most affordable single family home in Flagstaff sell for? $135,000 

Longest Number of Days on Market: 

800 - The Kelly Broaddus team brought in the buyer for this truly beautiful Sedona luxury home on the Flagstaff MLS. It was listed for more than 2 years before our out of state buyers swooped in and got it off market.

Days on market indicates the period of time when a property goes active on the MLS to when it goes under contract. National average days on market for luxury homes in May 2017 hit 176 days. See the May 2017 Luxury Market Report.

We are your Flagstaff home experts!  Please contact us at 888.446.5602 or email kellybroaddus@remax.net if you are looking to buy or sell in Flagstaff/Sedona and surrounding areas.

Download the full Flagstaff Market Report here

You might be interested in...

April 2017 Flagstaff Market Report

 

 

June 21, 2017

What’s Your Flagstaff Home Buying Power?

What is Your Flagstaff Home Buying Power

If you’re in the market for a new home or investment property in Flagstaff, one of the first questions you’ll probably ask is, “What can we afford?” Many buyers become so caught up in how much they can afford that they don’t realize their total buying power—that is, the total amount of purchasing potential they actually have.

 

Buying Power Defined

Your buying power is comprised of the total amount of money you have available each month for a mortgage payment. This means the money you have each month after fixed bills and expenses. Any money you’ve saved for a down payment, the proceeds from the sale of your current home, if applicable, and the amount of money you’re qualified to borrow all impact your buying power as well. When you take all of this into account, you may find you are able to purchase a larger home or a home in a more desirable Flagstaff neighborhood, or you might realize you should be looking for homes in a lower price range.

 

What About Housing Affordability?

Housing affordability is a metric used by real estate experts to assess whether or not the average family earning an average wage could qualify for a mortgage on the average home.1 Although this figure is essential to creating a comprehensive overview of the real estate market, it’s not a factor you should consider in your home search. What may be considered affordable to you based on your income and other factors may be different than what’s affordable to the average buyer.

 

Why Buying Power Matters

A common misunderstanding is that a home’s list price determines whether or not you can purchase it. Although it’s important to look at the price tag, it’s essential to consider what your monthly payment will be if you own the home. After all, the purchase price doesn’t include the housing-related expenses, such as annual property taxes, homeowner insurance, associated monthly fees and any maintenance or repairs. Figuring out the payment will prevent you from overestimating or underestimating your buying power. After all, you’ll live with your monthly payment, not the sales price.

 

Once you have clarity on your buying power, you’ll be able to buy the home you want, instead of settling for a home because you feel it’s the only one you can afford. It will also prevent you from becoming “house poor,” a common term for someone who’s put all their money toward the down payment, leaving them nothing left over for fees outside of their monthly house payment. Both scenarios can negatively impact the lifestyle you want to live. Understanding your buying power can help you get the home you want without sacrificing the lifestyle you desire.

 

If you haven’t sold your current home yet, a Comparative Market Assessment (CMA) will give you a general idea of how much you may get for your home based on what other homes have sold for in your area. Contact our team for a FREE CMA! Call 928-606-6749 or email kellybroaddus@remax.net.

 

Calculating Your Flagstaff Buying Power

You might be wondering, “How do I know what my buying power is?” Buying power is calculated by adding the money you’ve saved for a down payment and/or the money you made from selling your home (minus fees and mortgage payoff) to all of your sources of income and investments that could be used to make your monthly payment. Make sure to include your monthly pay, commissions or tips, dividends from investments, payments from rental properties or other monthly income you receive as well as the loan amount you’re willing to finance and qualify for.

 

Most lenders advised buyers to spend no more than 35 to 45 percent of their pretax income on housing, meaning all your income and sources of revenue prior to paying taxes. Make sure you factor in not only your mortgage payment, but also property tax and home insurance to the cost of housing.2 However, other financial experts advise spending no more than a very conservative 25 percent of your after-tax income on your housing expenses.2  Whether you plan to spend the average, play it conservative or split the difference is up to you.

 

Traditionally, mortgage lenders have targeted the ideal housing expense amount to be a ratio of 28 percent or less.3

 

However, these figures bring up an important point: you don’t have to spend all of your savings and available monthly income on a mortgage payment. It’s important to set money aside for regular home maintenance, unexpected repairs and monthly fees, such as a condominium or homeowners association fee. While the above ratios are commonly accepted, a lender will look at your total financial picture when they decide how much they’re willing to lend. It may be tempting to take out a large loan in order to purchase the home of your dreams, but keep in mind the less money you have to borrow, the stronger your buying power may be.

Download Your FREE PDF Report : What’s Your Home Buying Power?

 

4 Things That Impact Buying Power

1. Credit score. A great score can help you lock into a lower interest rate.

 

2. Debt-to-income ratio. The lower the ratio, the better risk you may be to lenders as long as you have an established credit history.

 

3. Assets, including the documentation of where the money for the purchase is coming from and the mix of your investments.

 

4. Down payment. The more you’re able to put down, the less you will have to borrow. With a down payment of 20 percent or more, you won’t have to purchase private mortgage insurance (PMI) and you may also be able to negotiate a lower interest rate.

 

How to Save for a Down Payment

If you’re thinking of buying a home one day, one of the first steps to take is to start saving for a down payment. Here are some tips to make saving easier.

 

Flagstaff First-time buyers:

1. Set a savings goal. One way to figure out how much to save is to use the average sales price for homes that are similar to what you want and figure out your target down payment percentage. For example, if homes are selling for $200,000 in your area and you want to put 20 percent down, you’ll have to save $40,000. Set a goal to save that amount within a specific time frame; just keep in mind the longer you save, the more the average selling price will change. Although the majority of buyers saved for six months or less, 29 percent of all buyers (and 31 percent of first-time buyers) saved for more than two years for a down payment.4

 

2. Cut back on expenses. Review your monthly expenses and look for ways to save. Twenty-nine percent of buyers cut spending on non-essentials items and 22 percent cut spending on entertainment while they were saving for a home.4 Think about items you can live without or cut back on temporarily while you’re saving.

 

3. Look for ways to boost your income. Get a side job or sell items online or at a garage sale to increase your income in a short amount of time. Be sure to save any windfalls you get, including your annual income tax refund or work bonuses.

 

4.  Check out home-buying programs. Your state, county or local government may offer special programs, such as grants, for first-time buyers to use.

 

5. Ask your family. Thirteen percent of all buyers, and 24 percent of first-time buyers, were given money from family or friends to use toward the down payment of their home.4

 

Flagstaff Repeat buyers:

More than 52 percent of repeat buyers used the proceeds from the sale of their primary residence toward the down payment on their next home.4 Similarly, 76 percent tapped into their savings accounts.4 If you’re thinking of buying another home, here are more ways to save more money, in addition to the tips listed above:

 

1. Rent a room. If you have an income flat (or mother-in-law unit) attached to your home, rent it out and channel the income into a high-interest savings account.

 

2. Make your money work for you. If you don’t plan to buy for at least five years, invest it and let the compound interest work for you. Discuss this option with your financial planner or broker to see if this is ideal for you and your goals.

 

3. Tap into your 401(k). If you have a 401(k) plan, you may be allowed to borrow a portion of it, the lessor of up to $50,000 or half of its value, for your down payment. Remember, it’s a loan so you’ll have to pay it back. If you leave or lose your job before you’ve repaid the loan, you’ll have between 60 to 90 days to repay the balance or face stiff taxes and penalties.

 

If you want to buy an investment property in Flagstaff

Whether you’re buying a second home or a rental property, here are a couple tips to save for a down payment.

 

1. Tap into your equity. If you’ve paid off or paid down your mortgage on your primary home, you may be able to tap into your equity to purchase another property. Contact your lender to learn more about a HELOC or home equity loan.

 

2. Get a partner. Find a friend or relative who’s willing to purchase property with you. Typically, you’ll split the costs and profits equally. Just make sure to work with an attorney to create a partnership agreement to fit your situation.

 

 

Work Out Your Buying Potential

What’s your buying potential? Fill out this worksheet to get an estimate.

 

Housing Expense Ratio:

1. Monthly income before taxes

$

2. Multiply line 1 by 0.28

X 0.28

3. Monthly mortgage payment (PITI) should not exceed this amount

= $

4. Monthly income before taxes

$

5. Multiply line 4 by 0.36

X 0.36

6. Total monthly payments on all debts (including mortgage) should not exceed this amount

= $

7.  Subtract the total monthly payments on all outstanding debts (e.g., car loans, credit cards, student loans, etc.)

- $

8. The monthly mortgage payment should not exceed this amount

$

9. Look at line 3 and line 8. The lower figure is an estimate of the maximum mortgage payment in consideration of your income and debts.

$

10. Multiply line 9 by 0.80

X 0.80

11. This equals portion of your mortgage payment that is the principal and interest only

$

12. Use the table below to see the size of the loan you may be able to obtain with this monthly mortgage payment.

 

Source: Iowa State University Extension, What is your house-buying power?

 

Monthly Payment on 30-Year Fixed Rate Mortgage

Loan amount

3%

3.5%

4%

4.5%

5%

5.5%

6%

$50,000

211

225

239

253

268

284

300

$75,000

316

337

358

380

402

426

450

$100,000

421

449

477

506

536

568

600

$150,000

632

674

716

759

804

852

900

$200,000

842

898

954

1012

1072

1136

1200

$250,000

1052

1123

1193

1265

1340

1420

1500

$300,000

1263

1347

1431

1518

1608

1704

1800

 

Didn’t see your desired loan amount? Use the table below to estimate your monthly payment (principal and interest) per $1,000 of your loan. To figure out an estimated loan payment, multiply the factor by the number of thousands in the amount of your mortgage.

 

For example, if you intend to borrow $400,000, with a loan term of 30 years at 4% interest, multiply 4.77x 400 = $1908 per month.

 

Interest Rate

15-Year Term

30-Year Term

 

Monthly Payment

Monthly Payment

3%

6.90

4.21

3.5%

7.14

4.49

4%

7.39

4.77

4.5%

7.64

5.06

5%

7.90

5.36

5.5%

8.18

5.68

6%

8.44

6.00

Source: HSH.com http://www.hsh.com/mopaytable-print.html)

 

Don’t forget to factor in property taxes and insurance. These are often added to your principal and interest of your mortgage payment—the money used to pay down the balance of your loan and the charge for borrowing the money. Since these numbers vary, contact your county assessor’s office for the current property tax rate and your insurer for a home insurance quote. Once you have these figures, divide each by 12 to estimate how much they’ll add to the above payment amounts.

 

Do you want a clearer picture of your buying power? Would you like to see what kind of Flagstaff or Sedona homes you can get with your buying power? Give us a call at 928.606.6749!

 

Sources: 1. National Association of REALTORS https://www.nar.realtor/topics/housing-affordability-index/methodology

               2. Moneyunder30.com https://www.moneyunder30.com/percentage-income-mortgage-payments

               3. Credit.com https://www.credit.com/loans/mortgage-questions/how-to-determine-your-monthly-housing-budget/

               4. National Association of REALTORS, 2016 Profile of Home Buyers and Sellers

                5. Iowa State University Extension, What is your house-buying power? https://store.extension.iastate.edu/product/pm1460-pdf

                6. HSH.com http://www.hsh.com/mopaytable-print.html

Posted in Home BuyingTips
June 15, 2017

850 Onieda Flagstaff, Arizona 86005

Updated: June 22, 2017

Kelly Broaddus  |  REMAX Fine Properties  |  888.446.5602  | Contact Kelly

See all homes for sale in Mountainaire


850 Onieda Flagstaff AZ 86005

Rare Mountainaire Gem on 2 Lots
3 Beds | 2 Bath |  1,247 sqft | $279,900

Spend your summer in the coolness of this charming, well-crafted home perfect for a family vacation home or your forever home. Situated in a premium cul-de-sac double lot with an abundance of mature ponderosa pines, its fully fenced yard has areas for flower and vegetable gardens with existing daffodils, irises, tulips and rhubarb. This home features a beautiful living room fireplace, large attic area with electricity throughout and pull down stairs, updated kitchen with new flooring and range and updated first and second floor bathrooms. Enjoy the views from your covered front porch, side deck and second floor balcony. Outside storage closets and standalone storage shed. Large two car garage connected to the house with electricity throughout.   Can be used as a workshop or could easily be renovated as an additional room for the home. Minutes from Flagstaff, walking distance to the National Forest. Very rare in Mountainaire! Come see this home today.

More pics and info here: Coming Soon

Take a Virtual Tour: Coming Soon 

Location

850 Onieda

Car-Dependent

Explore Mountainaire in Flagstaff

Attractions & Recreation

  • Fort Tuthill County Park - The County's premier 413-acre regional park 3 miles south of Flagstaff. Offers bike park, equestrian cross country course, campground, multi-use trails, archery, and many more outdoor activities.
  • Riordan Mansion State Historic Park - Your tour will lead you through this historic home, filled with original artifacts, handcrafted furniture, and personal items belonging to the Riordan family.
  • NAU Art Museum - Includes an exhibit building, research labs, and state of the art collections facilities for more than five million Native American artifacts, natural science specimens, and fine art pieces. 

Dining Nearby

There are plenty of dining nearby, drop by at the Shift Kitchen and Bar and enjoy so many great flavors and you can also watch how your food is prepared. If you love Indian food Delhi Palace offers the best in town. If you want to try something different visit Nomads Global Lounge,  incredible food and cozy environment. 

Schools

  • Elementary School: Manuel DeMiguel Elementary School
  • Middle School: Sinagua Middle School
  • High School: Flagstaff High School
  • School District: Flagstaff Unified District

The Mountainaire Neighborhood Information 

Mountainaire is a subdivision that is located a few miles south of Flagstaff. There are many affordable homes in this area. They are close to the forest and all the benefits that goes along with that! Mountainaire has a private water company, paved roads & natural gas. Check out lifestyle, homes, schools and more on our Mountainaire neighborhood guide page.

Contact Kelly Broaddus at kellybroaddus@remax.net  or call 888-4465602 to see other houses for sale in Mountainaire Area of Flagstaff.

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June 13, 2017

8215 W Wing Mountain DR, Flagstaff, AZ 86001

Updated June 27, 2017

Kelly Broaddus  |  REMAX Fine Properties  |  888.446.5602  | Contact Kelly

See all homes for sale in Fort Valley Area

8215 W Wing Mountain Dr Flagstaff

Wing Mountain Gem!
3 Beds | 2 Bath | 2,064 sqft | $459,900

Beautiful home in Wing Mountain Ranch. This spacious 3 bedroom, 2 bath home features a bright open floor plan with amazing views from the living room framing the Peaks. The extra large kitchen includes solid granite countertops and stainless steel appliances.  The large master bedroom has its own private bathroom and walk-in closet. The 2 acre lot overlooks the Peaks and has wonderful potential for additions, horses or just enjoying the great outdoors. No worries about dust on your vehicle, the road is paved! 5 minutes from Snowbowl and 15 min from downtown Flagstaff.

This home is now on the MLS,  please send a private message if you'd like more info. Photos and full description updated. Want this? Let us know!

More pictures and information here: http://www.northernarizonafinehomes.com/property/170211/

Take a Virtual Tour: http://www.tourfactory.com/1809502

Location

8215 West Wing Mountain Drive

Car-Dependent

Explore Fort Valley Area

Wing Mountain is located in the Fort Valley Area in the northwestern portion of Flagstaff,  off of Highway 180, near Mount Humphries, or our beloved SnowBowl.  

Attractions & Recreation

    • Ski and snowboard at the Arizona Snowbowl to your heart's content. Discover terrain parks, 
    • Close to Thorpe park, great place for the whole family including the furry ones. There are plenty of activities for the kids, playground area, picnic tables, lots of grass areas, sports fields, a dog park, adequate parking.  
    • If you love running and biking or biking visit Buffalo Park which is about 5 miles from the property. This is also a dog-friendly park and they have an awesome trail.
    • The Museum of Northern Arizona provides a superb experience in anthropology, archeology and they have a lot of information about the local tribes around this part of Arizona. 

Dining Nearby

Want to try a very solid wood fire oven pizza in Flagstaff? Pizzicletta offers the best.  You can also enjoy a wonderful outdoor seating in summer plus good food at Nomads Global Lounge. There are many great flavors and menu including dining at Ski Lift Lodge Cabins and Restaurant & MartAnne’s Cafe. 

Schools

Some of the best schools in Flagstaff are located near this community.

  • Charles W Sechrist Elementary School (K-5)
  • Eva Marshall Elementary School (K-6)
  • Manuel Demiguel Elementary School (K-6).

Fort Valley Area Neighborhood Information 

Many of the homes in the Fort Valley area have magnificent views of the mountain.  Homes in Fort Valley are generally not governed by a Homeowner's Association and have been built from approximately from the 1980s to the present.

This community is a favorite of Doctors, Engineers, Artists, and retirees. With hospital facilities only 15 minutes down the road, this property is ideally located. 

Contact Kelly Broaddus at kellybroaddus@remax.net  or call 888-4465602 to see this home in Fort Valley Area or other houses for sale in Flagstaff.

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June 6, 2017

2201 N Rio De Flag DR, Flagstaff, AZ 86004

Update: June 16, 2017

Kelly Broaddus  |  REMAX Fine Properties  |  888.446.5602  | Contact Kelly

See all homes for sale in Continental Country Club

 2201 N Rio De Flag Dr Flagstaff AZ

Highly Desirable Evergreen Subd Home Near Two Golf Clubs
3 Beds | 2.5 Bath | 1,912 sqft | $464,900

Escape the heat in this wonderful home in Continental Country Club! This spacious 3 bedroom 2 bathroom home offers 2344 square feet and is ready for you to move right in and start enjoying the great space inside and out! Outside this home has a wrap around deck and a deck off the private master suite, to enjoy the beautiful surroundings, the yard is landscaped and low maintenance. Inside this home has plenty of windows letting in natural light and the great room is as welcoming as the huge front porch. Don't wait to make your showing appointment for this fantastic home!

More pictures and information here: http://www.northernarizonafinehomes.com/property/170002/

Take a Virtual Tour: http://www.tourfactory.com/1800318

Location

2201 North Rio De Flag Drive

Car-Dependent

Explore Continental Country Club

Attractions & Recreation

 Enjoy unlimited golf fun at the Aspen Valley Club and Continental Country Golf Club. Take advantage of amenities: adult & kiddie pools, hot tub, billiards, basketball, table tennis and more at the Bear Paw Recreation Center

Dining Nearby

The Oakmont is a great neighborhood restaurant accessible within a few minutes. Drop by Artisan's Kitchen for breakfast or lunch and have some of their delicious "higher-end" sandwiches.  There are plenty of dining options along Historic Route 66 with great reviews. Tacos Los Altos (Mexican) &  Jitter’s Lunchbox (sandwiches) are a must visit! Craving for pizza? Go visit nearby Fat Olives (pizza).

Schools

Some of the best schools in Flagstaff are located near this community.
  • Thomas M. Knoles Elementary (K-5)
  • Leupp Public School (K-5)
  • Northland Preparatory Academy (6-12).

Continental Country Club Neighborhood Information 

Homeowners in the Continental Country Club area enjoy the facilities of the two nearby golf courses: Aspen Valley and Continental.  A social membership fee covers the use of the two golf clubs. The Continental Country Club has a fitness center, swimming pool, tennis and discounted fees for golf. Aspen Valley offers an affordable yet challenging game of golf as well as casual dining at the bar & grill. 

Contact Kelly Broaddus at kellybroaddus@remax.net  or call 888-4465602 to see this home in Continental Country Club or other houses for sale in Flagstaff.

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June 2, 2017

2107 N 1st St, Flagstaff AZ 86004

Kelly Broaddus  |  REMAX Fine Properties  |  888.446.5602  | Contact Kelly

See all homes for sale in Sunnyside

 

2107 N First Street Flagstaff AZ 

Adorable Single Level Home In Sunnyside
3 Beds | 2 Bath |  1,256 sqft | $279,900

Under contract and not even on the MLS yet! Adorable single level newer home. Great opportunity to own a home under 300k!

More pics and info coming soon! 

Take a Virtual Tour: Coming Soon

Location

2107 North 1st Street

Somewhat Walkable

Explore Sunnyside

 

Located northeast of downtown Flagstaff.

Schools

Less than two blocks away from Killip Elementary, Montesorri and the Peak School.

Attractions & Recreation

 Close to shopping and restaurants.

 

Sunnyside Neighborhood Information

Sunnyside is the second most walkable neighboorhood in Flagstaff according to Walkscore, an international website that measures walkability. 

Contact Kelly Broaddus at kellybroaddus@remax.net  or call 888-4465602 to see this 3 bedroom home in Sunnyside or other houses for sale in Flagstaff.

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Flagstaff Homes for Sale Above $400,000

 

May 26, 2017

Flagstaff AZ Real Estate Market Update- April 2017

Flagstaff Real Estate Market Data, AZ Provided by The Kelly Broaddus Team of REMAX Fine Living / by Joselyn Uy

 April 2017 Flagstaff Market Report

April Flagstaff Home Sales Down As Supplies Tighten

"Demand is easily outstripping supply in most of the country and it's stymieing many prospective buyers from finding a home to purchase," Lawrence Yun, NAR Chief Economist. 

Flagstaff sales volume in April 2017 was down 22% from April 2016 with a total of 71 home sales vs a year ago when 91 houses sold. But if we compare the first four months of this year vs same period last year, prices are actually up 2% and sales are only down 9%.  This drop in sales is due in part to a lack of inventory.

Home Price Down 

April housing prices in the greater Flagstaff area took a breather after hitting new monthly highs in both February and March. The median sales price this April was $340K off 6 % from last April’s median sale price of $360K. But it’s not all bad news, the average price paid per-square-foot jumped 8% to $200.

April 2017 Flagstaff Home Price

Low Inventory

Our biggest concern is the supply of home under the median home price. Currently there are only 82 homes under $300K. Between $300K- $350K, it does not get much better with only 50 homes available with a few still to be built /under construction.

Baby boomers are not yet selling. Investors are not yet cashing in- rents are high and vacancies are low. New home construction prices are expensive. Other people still cannot sell their home for the price they paid. People who want to sell are finding it hard to find a home they want to move to. These factors are contributing to the lack of inventory.

Advice to Flagstaff HomeBuyers 

  • Make your first offer the best offer, move on if you lose to another buyer.
  • Complete home inspections. Some homebuyers are skipping the inspection in the hopes of making a stronger offer
  • Currently a 30 year fixed rate with 25% down is at 3.75% with no points. Take advantage of the low rates before it goes up again.

Buyers, low inventory doesn't mean you can't find - and buy - your dream home. I'm still helping people get the right home at the right price - it just requires more creativity and tenacity.

Advice to Homesellers

  • Be realistic. It's a seller's market but there is a limit to how much a homebuyer can & will pay for a home.
  • Sellers must be prepared for many showings.
  • Negotiate for the best possible terms.
  • Low mortgage rates are helping fuel the demand for housing.

Find Out How Much Your Home Is Worth

Online estimates do not include recent upgrades that add value to you home. Take the next step! Contact us for a personalized evaluation to find out how much your home is really worth. Call Kelly at 888.446.5602

April 2017 Flagstaff Marketwatch Summary

 We are still a buyer's market on homes priced $600,000 and above and a seller's market for homes priced under $500,000. 

Flagstaff Real Estate Total Home Sales- 71, down 22 % vs last year

Median Home Price- $340k, down 6 % vs last year 

Price Of The Most Expensive Single Family Home in Sold in April 2017: $1,750,000 - Forest Highlands home. First time this year that price went over 1M.

Most Expensive Flagstaff Townhouse Sold: $901,919 New construction located in Pine Canyon

Price of the Most Affordable Home Flagstaff Homes Sold in April 2017: 

$111,950- This 2 bedroom manufactured home located in Kachina Village is the most affordable property that sold last month. 

$112,500 - The most affordable condo sold April 2017 was our studio listing at the Arbors!

$118,000- The most affordable mobile home in Flagstaff that sold the previous month was located in the Christmas Tree neighborhood.

How much did the most affordable single family home in Flagstaff sell for? $130,000 

Longest Number of Days on Market: 384 - The priciest townhouse that sold last month was also the longest listed property among the homes. It was on the market for over a year before it went under contract.

Days on market indicates the period of time when a property goes active on the MLS to when it goes under contract. National average days on market for luxury homes in May 2017 hit 176 days. See the May 2017 Luxury Market Report.

We are your Flagstaff home experts!  Please contact us at 888.446.5602 or email kellybroaddus@remax.net if you are looking to buy or sell in Flagstaff/Sedona and surrounding areas.

Download the full Flagstaff Market Report here

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March 2017 Flagstaff Market Report

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5 Tips To Increase Your Home Value By Up to 28%

 

May 19, 2017

4343 E Soliere Ave #2020 Flagstaff, AZ 86004

Kelly Broaddus  |  REMAX Fine Properties  |  888.446.5602  | Contact Kelly

See all Condos for sale in Flagstaff

4343 E Soliere Ave #2020 Flagstaff_coming soon

Upgraded Move in Ready Condo in Popular Timberline Place Development
2 Beds | 2.5 Bath |  1,094 sqft | $224,990

Better hurry on this sweet new listing overlooking the Rio De Flag. What's not to love with this condo 2 bed, 2.5 Bath condo? Home has been upgraded, features include granite counter tops, upgraded lighting, plumbing fixtures, appliances, flooring and paint. Timberline place offers a pampered lifestyle. Relax at the covered ramadas, barbecues and enjoy golf course views, heated outdoor pool, cedar-enclosed sauna or at the outdoor fireplace and spa. Get fit 24 hours or take advantage of yoga studio or just relax at the TV lounge. It's your opportunity to call this Home!

More pics and info:  http://www.northernarizonafinehomes.com/property/169763/

Take a Virtual Tour: https://youtu.be/OZ1wZb2VBCk

Location

4343 East Soliere Avenue

Car-Dependent

Explore Timberline Place Condos

 

Schools

Children in this community typically go to the following nearby schools:
  • John Q Thomas Elementary School - K-6
  • Leupp Public School - K-8
  • Thomas M Knoles Elementary Schoool - K-5

Attractions & Recreation

Timberline Place is just south of I-40 and Country Club Drive, adjacent to the Continental Country Club Golf Course, and is minutes from Downtown Flagstaff and Northern Arizona University. 

 

Timberline Place Neighborhood Information

 

Contact Kelly Broaddus at kellybroaddus@remax.net  or call 888-4465602 to see other condos for sale in Flagstaff.

Search for Condos in Flagstaff, Arizona

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May 18, 2017

Hottest Home Design Trends For Your Flagstaff Home In 2017

Top 5 Home Design Trends of 2017

 

The current trends are all about utilizing rich color, maximizing texture and creating comfortable interiors you can’t wait to relax in. Use these trends to get inspired to makeover your Flagstaff home’s interiors and create spaces you love that also appeal to your personal style. Remember, if you plan to sell in the next few years, you may want to avoid doing anything dramatic and instead incorporate small changes that would appeal to Flagstaff homebuyers.

 Download Your FREE Report: Top 5 Home Design Trends 2017

Why are these trends gaining popularity?

The underlying theme of these trends is creating a home environment you love; one that appeals to your emotions and feels like a retreat from the stresses of the world. Although the home is a place where you can relax and spend time with loved ones, work expectations are beginning to blur the line between work and home. Even if people don’t work from home specifically, many are stretching their work hours into their evenings and weekends to complete work projects.

 

It’s no wonder the Nordic concept of hygge (most often pronounced “hoo-gah”) has become a hot trend. A centuries-old concept, incorporating hygge in the home means creating simple and comfortable spaces that make you feel cozy and safe and appeal to your senses.1 The emphasis is on simplicity and fostering positive experiences, whether you’re spending time with family, reading a good book or catching up on work emails.

 

WARM AND RICH COLORS.

Whether you want to play with a bold color or stick with neutrals, one thing is clear—paint is the foundation of a great design. Painting your interiors has a return on investment of about 75 percent and is a relatively inexpensive project to complete, costing between $25 to $100 for paint alone.2 If you’re thinking of refreshing your home’s interiors with a coat of paint, popular colors include warm taupe, fresh green and dark tones. These colors are popular choices because they evoke feeling of warmth and coziness when you walk into a room.

 

Wondering how to pair these colors? Taupe is the perfect alternative to traditional neutrals, such as gray and white, and goes well with cool blues, earthy greens and deep shades of wine.  Green goes well with other earthy shades, such as copper and moss, as well as deep plum and bright pink. If you’re hesitant to paint your walls green, incorporate it into your home by way of accent pillows, rugs, lamps, vases and other accessories or add a few house plants.       

         

If you’re interested in adding more drama to a room, include bold, dark colors.  Dark shades add color and sophistication to any space. Plum and dark gray pair well with pale blues, warm whites and light gray.

 

Try one of these Colors of the Year:

 

Poised Taupe – Sherwin Williams

            Greenery - Pantone

Shadow – Benjamin Moore

 

RICH MATERIALS.

Lux materials create a space in which you can’t wait to kick off your shoes and relax at the end of the day. The Danes use a mixture of materials and pattern as a way of adding character and interest; however the overall look still needs to adhere to a color palette to prevent it from looking distracting.

 

Natural materials and textures allow you to maximize the comfort of the bedroom, living room or family room. Wood accents give rooms an earthy feel. Incorporate rustic wood sculptures, trays and furniture into your space. Choose furniture made with sustainably harvested wood certified by the Forest Stewardship Council (FSC) or use reclaimed wood for an environmentally friendly alternative.

 

If natural elements aren’t your style, but you want to add more visual interest to your room, try mixing patterns. Although it may have been avoided in the past, mixing stripes, florals and geometric prints actually help ground a space as long as the patterns feature complimentary colors or different shades of one color. If you’re worried about going overboard and making your room look “busy,” focus your mix in one area of the room. For example, add throw pillows in a variety of patterns to your sofa.

 

GOING GREEN.

According to a recent study from the American Psychological Association, people are more stressed than ever, with 24 percent of adults reporting they’re experiencing “extreme stress.”3

Top sources of stress include work and money. By incorporating small changes, like making your house more energy efficient, you can start to lower your bills and get back to relaxing and enjoying life like the Danish do (who consistently top the polls as the happiest people).

 

Save money on your energy bills by sealing the “envelope” of your home, which includes the windows and doors, walls, floor and roof. The better insulated your home is, the less heat will escape and the lower your energy bill (and stress level) will be.

  

The most heat loss occurs through the walls of the home: up to 35 percent of heat loss, to be exact.4 Ceramic insulating paint is a space-inspired coating of paint mixed with ceramic compounds and applied to interior or exterior surfaces. It seals your walls and prevents heat from escaping, which means reduced energy bills all year long.

 

THE FUNCTIONAL HOME OFFICE.

Twenty-four percent of employed people do some or all of their work at home.5 Since more people are working remotely than ever, home offices are becoming more popular. Even if you don’t plan on working from home, a home office gives you a place to pay bills, work on personal projects, plan your family’s schedule and more. Home offices tend to be multifunctional, serving as a guest room when family and friends visit, and have the potential to meet other needs that arise.

 

The key idea behind hygge is to enjoy the environment around you and for each room to be a sanctuary to sink into at any given moment. Your home office is no exception! Maximize your productivity, efficiency and focus by painting the walls shades of green or blue.6 If space is an issue, create a nook by installing docking and tech cabinets that are big enough to store a printer and other small office equipment and files without taking over the room.

 

If you don’t have room in your home for an office, look no further than your backyard. Shedquarters, small structures or sheds built in the backyard for use as an office or home-based business, are an attractive option for homeowners who don’t have a room to dedicate to an office and don’t wish to add on their homes. while the jury is out on how much value these structure add to a home, they can convert easily into a storage shed if you plan to sell in the future.

         

SPLURGING ON KITCHEN RENOVATIONS.

The kitchen is often the busiest, most hectic room in the house and one of the top renovation projects with a high return on investment.7 We do more than cook meals there; it’s where homework is done, bills are paid, weeks are planned and more.

 

Kitchen remodels consistently show a respectable return on investment. According to the 2017 Cost vs Value Report from Remodeling magazine, a minor kitchen remodel touts an 80.2 percent return on investment.8 You don’t need to overhaul your entire kitchen to make it more hygge. Smaller additions can transform it into a relaxing and functional space you enjoy spending time with friends and family in.

 

What does a “minor kitchen renovation” entail? In addition to replacing the fronts of your cabinets and drawers, it also includes replacing out-of-date appliances and fixtures. You may also consider replacing countertops. Quartz and quartzite are becoming more common as are other green laminate options, including ones that mimic stone, wood and concrete. Laminates install in less time, often over the existing countertop, make it an ideal choice for busy homeowners as well. Other hot kitchen trends include incorporating sustainable materials like bamboo into your countertops and floors and water filtration systems.

                

Want to improve the look and feel of your home’s interior? Are you thinking of upgrading to a Flagstaff home that better fits your changing needs? Call us—we’d love to help you achieve all of your home-related dreams.

 

Sources:  1. Time, Hygge, the Nordic Trend That Could Help You Survive 2016

               2. Quality Smith

               3. American Psychological Association, 2015 Stress in America

4.  Department of Energy

5. Department of Labor

               6. Entrepreneur, How the Color of Your Office Impacts Productivity

               7. Realtor.com

                8. Remodeling Magazine, 2017

Posted in Homeowner Tips