Oct. 20, 2020

Kelly Broaddus Once Again Brings Home National Honor

by Joselyn Uy

Phoenix, Arizona October 20, 2020

Broker Agent Advisor 2020 Seven Star Award

Broker/Agent™ Advisor Honors Kelly Broaddus Achievement

 

Now in its 25th year, Broker★Agent Advisor celebrates the success and accomplishment of the industry’s finest real estate professionals through its ‘Certificate of Excellence’ Program.

 

Through proprietary criteria, formulas, and other valuable considerations, Kelly Broaddus of Flagstaff, AZ has been distinguished by Broker★Agent Advisor as one of the best in business based on achievement, potential, leadership, ethics, community value, experience, capability, and trust for their service during the calendar year of 2020.

 

Having previously earned our Seven Star Certificate of Excellence, Kelly exemplifies the type of professional we designed this award for,” says Chad Golladay, Executive Publisher of Broker★Agent™ Advisor. A true credit to their company eXp Realty, profession, and community both inside and outside of their real estate practice; one with whom the honor is truly ours in being able to share this award.” 

There is no cost or fee required for this award, and all applicant’s credentials are verified, which makes this honor one of the most genuine in the industry towards identifying those truly worthy of special recognition and distinction.

 

Kelly Broaddus can be found in Broker/Agent™ Advisor's national online directory of award recipients here: http://brokeragentadvisor.com/brag-directory

 

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More About Broker/Agent™ Advisor

Established in 1996 Broker/Agent™ is a real estate trade publication that provides information, tools, and resources to assist the modern real estate professional in achieving greater success through their real practice. Discover more about their award program here...  http://brokeragentadvisor.com/brag

 

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About Kelly Broaddus

Kelly Broaddus, an associate broker, leads the Kelly Broaddus Real Estate Advisors Team with eXp Realty. It is a top-producing real estate team based in Flagstaff, AZ offering real estate solutions to home buyers and sellers in Flagstaff, Sedona, Cornville, Williams, and nearby areas. 

 

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About eXp Realty

eXp Realty, LLC, the largest residential real estate brokerage by geography in North America, is an agent-designed and agent-owned company. As the leading, national, cloud-based real estate brokerage, eXp Realty provides 24/7 access to collaborative tools, training, and socialization for real estate brokers and agents through its virtual campus environment. It is one of the fastest-growing real estate brokerage firms in North America with more than 8,000 agents in 47 U.S. states, the District of Columbia and the provinces of Alberta and Ontario, Canada. As a publicly-traded company, eXp World Holdings, Inc. uniquely offers real estate professionals within its ranks opportunities to earn company stock for production and contributions to overall company growth.

For more information, please visit sevenfigureagentaskmehow.com

 

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Oct. 14, 2020

5 Secrets Flagstaff Buyers and Sellers Must Know About Virtual Home Tours

Kelly Broaddus  |  eXp Realty  |  888.446.5602  | Contact Kelly

 

5 Secrets Buyers and Sellers Must Know About Virtual Home Tours

 

For years now, virtual home tours have helped real estate buyers far and wide find the perfect home. From long-distance military personnel being relocated to investors expanding their portfolio to homeowners looking for a vacation getaway, this technology makes finding a house that’s a bit out of driving distance much easier. And for real estate agents, virtual tours have been a useful way to help buyers with their home search and to assist sellers in creatively marketing their listings.

 

Because of the pandemic, virtual home showing options recently experienced a huge spike in popularity. One survey found that nearly 33% of recent home tour requests were for virtual tours, as compared to just 2% pre-pandemic.1 And it’s easy to see why.

 

Buyers want to quickly find their next safe haven, one that may need to serve as their office, gym, and even classroom for months to come. And sellers want to limit the number of strangers in their home, yet still have the ability to reach enough potential buyers to get the best offer on their property.

 

Virtual home tours are the popular thing right now, but that doesn’t automatically mean they’re the only option for your home buying or selling experience. In this post, we’ll reveal five important secrets behind the virtual real estate scene. Read on to learn how they impact today’s home buyers and sellers.

 

SECRET #1: Virtual Tours Have Evolved

Lots of real estate professionals who had never used virtual tours before we're forced to quickly adapt when the pandemic struck. Because of restrictions on time and resources, not everyone is able to create what would have been deemed a “virtual tour” last year. So instead, we’ve expanded the definition of the phrase by creating innovative new ways to show homes while keeping our clients safe and socially-distanced. Here are some terms you might come across as you explore homes with virtual tours.

 

Traditional virtual tours use 360° Photos, which are images that allow you to see all angles of space. These are what allow virtual tour viewers to look up, down, and all around the interior and exterior shots of a home. Using a software program, 360° photos can be stitched together to create a digital model that looks like a dollhouse. This is called a 3D Tour. Sometimes agents will also add Virtual Staging, which decorates rooms with digital furniture and accents like wallpaper or paint.

 

Traditional virtual tours allow you to click to move from room to room in the home, but Online Walkthroughs feature the actual act of walking around. Either the seller or the agent (depending on factors such as time and safety requirements) will create a video by holding their camera or smartphone and simply moving through the home.

 

Online Walkthroughs can be filmed in advance or happen live. If they are live, they can also be referred to as Virtual Showings or Online Open Houses. A Virtual Showing is often a scheduled, one-on-one event that mimics an in-person tour of the home, in which the agent and viewer start at the exterior and move their way through the property. If your agent offers to FaceTime or Skype you from a home you’re interested in, for example, that would be a type of Virtual Showing. In contrast, an Online Open House is more freeform, allowing more viewers to pop in and out of a group video call on apps such as Facebook or Zoom.

 

 

SECRET #2: Virtual Doesn’t Mean Impersonal

Virtual Doesnt Mean Impersonal in Real Estate

All these styles of virtual tours showcase the property’s details better than static photos ever could. But for purchase as intimate as your next home, details like a new refrigerator or the size of the master closet aren’t the only deciding factors. Luckily, virtual tours are exceptional tools for personal connection.

 

As a prospective buyer, virtual tours give you a feel for the property, inside and out, so you can easily picture yourself in the space and decide if the home’s flow and features work for your lifestyle. Live video walkthroughs with the real estate agent will give you insights on those crucial non-visual aspects, like creaky floors, super-fast internet speed, and neighborhood dynamics. Plus, you’ll be able to ask questions and get an insider’s perspective on what’s so great about the home.

 

For Flagstaff home sellers, if your agent recommends using a virtual tour to market your home, you could attract more buyers.2 And you can be sure that those interested buyers are still getting the up-close and personal look inside your home that will inspire their strongest offers.

 

 

SECRET #3: Virtual Is Just The First Step To Safe Home Sales

Even as government restrictions begin to ease in some areas, virtual tours are still recommended as a safer way to buy and sell real estate.3 Buyers don’t have to worry about exposure to anyone who previously visited the property, and sellers cut down on the foot traffic in their home. Some data even suggest that virtual tours keep agents safer as well since they’re hosting fewer in-person showings and open houses.4

 

But despite the variety of virtual tours available, some Northern Arizona buyers will still need to visit a home themselves in order to feel confident enough to submit an offer. In this situation, listing agents and sellers will work together to come up with a procedure that ensures everyone feels safe and comfortable. Some recommendations include requiring interested buyers to present a pre-qualification letter, conducting tours only by appointment and with essential parties, and asking buyers to self-disclose whether they have COVID-19 or exhibit any symptoms.3

 

The day of the in-person tour, agents might ask buyers to remain in their vehicle until they arrive at the property and to wear protective gear such as face coverings and gloves. Many will provide hand sanitizer and will ask buyers to refrain from touching any surfaces in the home. Instead, the agent (or seller, prior to the buyers’ arrival) will turn on lights, open doors, and pull back curtains. Then, after everyone has left, the agent will return the home to its original state and disinfect it as needed.3

 

 

SECRET #4: The Speed of Closing Depends on Your Goals

Though maybe not literally, virtual tours are opening doors for both buyers and sellers in terms of options available to them. In 2019, buyers viewed an average of 10 homes over a period of 10 weeks before submitting an offer.5 But thanks to an increased prevalence of virtual tours saving them driving time, they’re able to peek inside that number of homes in a much shorter period to make their final choice.

 

With all this viewing activity, it makes sense that sellers whose listings feature virtual tours are receiving more offers on their properties. According to one study, virtual tours can add between two and three percent to the sales price of a home, in part because increased buyer interest has made sellers feel confident waiting for the exact right offer.2

 

So if you’re a Flagstaff/Sedona home buyer luxuriating in viewing homes from your couch, just remember that you’re not alone in your search. Your competition is virtually viewing the same properties you are, so it’s still important to work with your real estate agent to quickly submit a strong offer when you find the home of your dreams. And for sellers, if a speedy sale is important to you, carefully weigh that against the temptation to entertain more and more offers, which can keep your home on the market up to six percent longer.2 Your agent can help you decide the right strategy for your priorities.

 

 

SECRET #5: Virtual May Not Always Be the Right Choice

Creating, editing, uploading, and marketing virtual tours for a listing can be pricey. Packages through popular 3D imaging platforms like Matterport and Immoviewers can cost hundreds of dollars on their own.6 Virtual staging will further bloat a listing’s marketing budget, and then there are the advertising dollars needed. Even seemingly inexpensive options like video call walkthroughs still require time and energy on behalf of both the seller and agent.

 

These costs mean that a full virtual tour package might not always be the right choice for sellers. When you talk to your agent about marketing your home, it may be that an elaborate virtual tour, showing, and the open house just doesn’t make sense. It could be that your potential buyers may not resonate with that type of marketing, that the investment-to-return ratio isn’t in your favor, or that there are more effective ways to get your listing seen by qualified buyers.

 

Flagstaff buyers, you may notice that some listings within your search parameters don’t offer virtual tours. That’s because those for-sale homes might not have needed a full virtual marketing package to entice buyers to submit offers, or those homes are better marketed through more traditional tactics. Don’t close the door on your dream home because it doesn’t have virtual events and features. Stay open-minded so you can consider the wealth of home options that fit your lifestyle, needs, and budget.

 

 

 

ARE VIRTUAL HOME TOURS IN YOUR FUTURE?

 

As technology develops, it will become easier and cheaper to create virtual tours. Coupled with the high demand for them, this means that virtual tour options are likely not only here to stay, but will continue to grow into a common addition to listings.

 

If buying or selling a home in Northern Arizona is on your mind, we’d be happy to discuss how virtual tours can play a part in your real estate experience. Reach out to us today at 888.446.5602 or email kelly.broaddus@exprealty.com for help finding Flagstaff/Sedona homes for sale that have virtual tours, or to chat about if adding a virtual tour to your upcoming listing is the right fit.

 

 

Sources:

  1. Rocket Mortgage - https://www.rocketmortgage.com/learn/evolution-of-home-showings-during-covid-19
  2. Radio Iowa - https://www.radioiowa.com/2020/07/28/trying-to-sell-a-house-ui-study-finds-virtual-tours-will-bring-more/
  3. NAR Showing Guidance During Reopening - https://cdn.nar.realtor/sites/default/files/documents/Showing-Guidance-During-COVID-05-14-2020.pdf
  4. NAR 2020 Member Safety Report - https://cdn.nar.realtor/sites/default/files/documents/2020-member-safety-report-08-31-2020.pdf
  5. NAR 2019 Profile of Home Buyers and Sellers - https://cdn.nar.realtor/sites/default/files/documents/2019-profile-of-home-buyers-and-sellers-highlights-11-21-2019.pdf

Realtor.com - https://www.realtor.com/advice/sell/how-to-host-virtual-home-tours-almost-as-good-as-the-real-thing/

 

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Oct. 12, 2020

11540 Homestead Lane, Flagstaff, AZ 86004

Kelly Broaddus  |  eXp Realty  |  888.446.5602  | Contact Kelly

11540 Homestead Lane, Flagstaff, AZ 86004

Adorable East Flagstaff Home On 1.5 Acres with Spectacular Mountain Views 

3 Beds | 2.5 Bath | $449,850

Enjoy spectacular views from this adorable East Rural Flagstaff home! Open concept living area and newer carpets make this home in the Timberline Area stand above the rest. Enjoy the fireplace centerpiece in the winter. Beautiful cabinets and granite countertops highlight the well-appointed kitchen. Plenty of room to enjoy and relax on the large, acre plus lot. This one won't last!

Photos and more information here: https://www.northernarizonafinehomes.com/property/183460/

Take a Virtual Tour: https://www.tourfactory.com/2808823

 

LOCATION

11540 Homestead Lane

Car-Dependent

Learn more about Timberline in Flagstaff 

From W Historic Rte 66 continue to US-89 N. Turn left onto Buckboard Trail. Turn left onto Homestead Ln. 11540 will be on the right.

Amusement & Recreation 

  • 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.
  • Wheeler Park - A great place to stay cool under the trees and enjoy outdoor with family.
  • 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. 

 

Dining Nearby

Nearby restaurants include Nomads Global Lounge, if you are looking for an unusual menu with a great range of flavors this is a great place for you. You can also drop by at Tinderbox Kitchen and enjoy the good food and Flagstaff's authentic vibe. Satchmo’s is also a great place for dinner with a group. If you're looking for crafted BBQ and Cajun cooking it's just a small detour from the main road.

 

Nearby Schools

  • Sturgeon Cromer Elementary School
  • Sinagua Middle School
  • Coconino High School

Timberline Area Pocket Neighborhood Information 

Visit the Timberline Area Pocket community page for more information about this horse-friendly Flagstaff neighborhood.

Contact Kelly Broaddus at kelly.broaddus@exprealty.com  or call 888-4465602 to see other houses and condos for sale in Flagstaff.

Search for Homes in Flagstaff, Arizona

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Oct. 7, 2020

4485 W Braided Rein Flagstaff, AZ 86005

Kelly Broaddus |  888.446.5602  | Contact Kelly  

See all homes for sale in Flagstaff Ranch

4485 W Braided Rein Flagstaff, AZ 86005

Beautiful Single-Level Flagstaff Ranch Luxury Custom Home With Amazing Golf Course and Wildlife Views

3 Bed | 2 Baths | $1,195,000

Built to suit custom Capstone Home. This is a single-level 2700 sq. ft. Including quality features like wood floors, cedar lap ext. siding, granite & travertine. 3-bedroom, 2.5 baths, and den with a 2-car garage. This is a premier golf community at over 7200 feet in elevation. It's common to see Elk & Antelope onsite in the caldera, which is walking distance from this home. Amenities; activity & fitness center, pool, spa, and tennis. Elegant 25,000 sq. ft. clubhouse for dining and events. Upgrades in this home include the home being completely wired for sound, Primary Bedroom/bath includes barn door, roll-in shower, Toto toilets (throughout the house), Hansgrohe faucets (throughout the house). Hallways are extra wide for potential wheelchair access. Beautiful Alder wood used throughout, including doors and moldings. No expense was spared in this beautiful home, and the view is unsurpassable!

Photos and more information here: northernarizonafinehomes.com/property/property/183459/

Take a Virtual Tour:

https://my.matterport.com/show/?m=5dGBq1x8JZW

https://www.tourfactory.com/2807415

 

Location

4485 West Braided Rein

Car-Dependent

Learn more about Flagstaff Ranch 

 

Attractions & Recreation

  • Walnut Canyon National Monument - Cliff dwellings of the Sinagua Indians, built in alcoves in the sandstone walls of a deep, wooded canyon near Flagstaff. Located about 10 mi (16 km) southeast of downtown Flagstaff, Arizona, near Interstate 40. 
  • Flagstaff Extreme Adventure Course - Adventure Course has (7) different courses and they train you first on the Demo course. Very professional place, and all about safety. The second course is Adventure zip lines, which was closed and being checked by the professionals. They also have a Kids Course too.
  • Lowell Observatory - Astronomical observatory where the planet Pluto was discovered. Great place to go if you want to enhance your knowledge about astronomy, time with the stars on the horizon explained, and a chance to look through the giant telescope.
 

Dining Nearby

Nearby restaurants include Olive Garden Italian Restaurant, they offer great menu choices with many healthy (gluten and vegan) options. If you're looking for crafted BBQ and Cajun cooking drop by at Satchmo’s, it's just a small detour from the main road.  Looking for an unusual menu with great range of flavors? Nomads Global Lounge a great place for you.

 

Schools

  • Manuel De Miguel Elementary School PK-5
  • Flagstaff High School 9-12
  • Mount Elden Middle School 6-8

 

Location

The Flagstaff Ranch Neighborhood

Flagstaff Ranch is one of the exclusive golf communities in Flagstaff, AZ. Play golf on one of the southwest's elite golf courses, swim at one of the three community center pools, dine and enjoy the stunning peaks view from the clubhouse, and more.  For neighborhood description, golf membership options and facilities like tennis courts, spa, etc check out our Flagstaff Ranch neighborhood page.

 

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Sept. 28, 2020

Flagstaff AZ Real Estate Market Update- August 2020

Flagstaff AZ Real Estate Market Data Provided by The Kelly Broaddus Real Estate Advisors Team / by Joselyn Uy

 

Aug 2020 Flagstaff Market Report

 

 August Flagstaff Home Sales Sizzle Amid Low Inventory, Rising Prices 

 

Despite the season change, the housing market continues to sizzle. According to the most recent National Association of Realtors Housing Report, August was a record-setting month for home sales. Fall is typically the time of year when we start talking about the housing market taking a breather, but it's still showing no sign of cooling off. Here's the latest update on Flagstaff real estate.

 

FLAGSTAFF HOME SALES

The US existing home sales jump to near 14-year high in August marking three consecutive months of significant gains. Greater Flagstaff's housing sales have slowed down by 12% compared to last month, however,  it rose 24% from the same period last year.  There were 259 houses sold in August, the most in 14 years. A big contributor to the strength in our real estate market is mortgage rates which recently hit all-time lows. 

August 2020 Flagstaff Home Sales by Type

 

In the month of August, our kelly Broaddus Real Estate Advisors team hit a record of 13 homes, selling over $4M of Flagstaff and nearby area real estate.

 

FLAGSTAFF MEDIAN HOME PRICE

"The median US existing-home price2 for all housing types in August was $310,600, up 11.4% from August 2019 ($278,800), as prices rose in every region. August’s national price increase marks 102 straight months of year-over-year gains." - NAR 

Flagstaff home prices have gone up to $505,000 from July 2020 when the median sold price of $480,000. This is 28% higher from a year ago with the median sale price coming in at $394K, setting a new August monthly price high. 

DOWNLOAD THE FULL FLAGSTAFF MARKET REPORT HERE

 

Aug 2020 Flagstaff Market Watch Summary

 

2020 Flagstaff Real Estate Market Watch Total Single Family Home Sales -   184 homes, up 44% vs Aug 2019. 

Median Home Price -  $505,000, up 28vs Aug 2019

Average Mortgage rates  - 30-year fixed-rate mortgage rose 3.13% on Aug 31. Mortgage rates change daily but they remain very competitive and are worth locking in.

Longest days on market (SF): 5,253  This is a 5-bedroom luxury custom new build home in Flagstaff Ranch's Aspen Shadows. Property owners in Flagstaff Ranch must purchase either a Golf ($60,000) or Social Membership($30,000).

CDOM The acronym CDOM (Cumulative Days on Market) is used by the Flagstaff MLS to describe how many days a property has been available for sale. A property has to be off the MLS for at least 90 days for the CDOM to restart, even if it is listed by a different agent. We report the average days on market for properties sold based on CDOM.

The number of days a home sits on the market can tell us a lot about pricing. A high CDOM is commonly a strong indicator that the home is overpriced. 

 

FLAGSTAFF'S PRICIEST HOMES SOLD in AUG 2020

FLAGSTAFF'S PRICIEST HOMES SOLD in Aug 2020

Photo courtesy of RE/MAX Fine Properties

  • The highest-priced single-family Flagstaff home that sold in Aug was a $3,700,000 5-bedroom luxury home on 1.21 acres in Pine Canyon. This private enclave boasts a 10-car garage soaring ceilings, extensive glass,  and a flowing stream that is a showpiece from the dining, great room, and master quarters.
  • The highest-priced Flagstaff townhome sale was a $1,050,000 3-bedroom luxury Mountain Villas townhome in Pine Canyon 
  • The highest-priced Flagstaff condo sale was a $459,000 newer two-bedroom unit at Dale Condominiums in Flagstaff Townsite. Located in the heart of downtown with views of the town's most historic landmarks.

 

THE MOST AFFORDABLE  FLAGSTAFF HOMES SOLD in AUG 2020

Lowest Priced Flagstaff Home in Aug 2020

Photo courtesy of Santa Fe Realty

  • The lowest-priced single-family Flagstaff home that sold in August was a $190,000  1-bedroom on a cul-de-sac in Sunnyside. It features a fenced yard and large Ponderosa trees. Zoned HR limited.
  • The lowest-priced Flagstaff townhome that sold was a $254,900 2-bedroom, 1.5 bath North Pointe Townhouse in downtown Flagstaff (Flagstaff Townsite neighborhood)
  • The lowest-priced Flagstaff condo that sold was a $134,850 renovated Arbors (Woodlands Area) studio unit located right next to the parking spot, near NAU.

 

Flagstaff Home Buyer Advice

Mortgage rates keep dropping, but should you go for it? Could rates continue to drop? If you are looking to buy or refinance your mortgage, should you wait to scoop up an even better deal in the months to come?

In theory, rates could indeed continue to go lower—all the way down to 0%. That's never been seen here in the U.S. However, it's a current reality in other countries, such as Denmark and Finland. Such a scenario is unlikely to happen here. It would require the Fed to make its rates negative, and keep them there for years. That's something Fed executives said they are opposed to.

Still, even if rates don't go all the way to 0%, they still might go lower than they are now. Several mortgage brokers have offered rates as low as 1.99% recently. However, you need to be careful if you see such offers. The ultra-low mortgage rates that have been offered recently all came with very high upfront costs, which tacked on thousands of dollars right out of the gate.

The fact is, when considering a new mortgage, it’s important to look at several factors. These include the interest rate, upfront costs, and monthly payments. Sometimes, it might be better to get a loan with a slightly higher interest rate in exchange for lower costs.

So what does all this mean for you?

Well, current mortgage rates are the lowest on record and are far below anything ever seen in the real estate market. These low rates are making homes more affordable. While there is a chance that rates will go still lower, there is also a chance that this is as good as it gets. Additionally, many of the lower rates that are popping up aren't as good as they seem at first blush. That's why I think it makes sense to consider taking advantage of the current low rates.

Of course, this is a complex question. It makes sense to enlist the help of a good lender because they can help you get the best possible rate with the best-attached conditions. If you are looking for financing, give me a call at 928.606.6749. I know and work with several top lenders I can recommend. They can guide you through this complex issue and help you come out the other end with the best possible solution.

If you are just considering buying, take a look at some of the beautiful homes that recently came on the Flagstaff market.

 

Home Buying Tips Our home buyer's blog will help you plan and prepare for your successful home purchase and avoid headaches and surprises that may arise during the process.

Sign up for free to receive our updates about coming soon properties and homes for sale not listed on the MLS. 

 

 

Flagstaff Home Seller Advice 

This August, nearly a third of renters were unable to pay rent. Likewise, a growing number of homeowners are falling behind on mortgage payments. These are lingering effects of the economic lockdown surfacing now because unemployment benefits and various mortgage forbearance programs are coming to an end. That's why experts predict a rise in defaults and evictions, which is likely to wash over the entire market in the coming weeks and months.

What does this mean for you? Well, if you have been thinking of selling, now might be a golden moment. The supply of Greater Flagstaff homes for sale in August further declined from last month to under 3 months, we were at 5.88 a year ago. A severe lack of homes for sale means you could sell in record time, and since low mortgage rates are making homes more affordable, you could get top dollar for your home.

A normal market would have 6-7 months of inventory. Anything under six months would indicate a sellers’ market, which would put upward pressure on prices. It's a seller's market for Flagstaff homes except in 1 high-end price range. 

However, the situation could change things quickly. We could see an influx of new homes for sale on the market this fall, which would drive down prices and put us into a buyer’s market, with many homes sitting for months while buyers pick and choose among them.

If you are considering selling your home, you can start by simply finding out what you could get for it in the current hot market. An easy way to do this is with the following home value calculator, which takes into account recent area sales. Click below and Enter your address to find out what your home is currently worth

 

What is the value of your Flagstaff Home?

 

If you’d like a free consultation regarding your home’s value, give us a call at 888.446.5602. Kelly will be happy to talk about strategy and tell you how to take advantage of the current market. Our team sold 85 homes last year, so we know how to guide you through any situation and make sure you sell quickly and for top dollar. 

 

LET'S CONNECT TODAY!

Whether you connect by phone or video chat, we can help you understand how to safely navigate the housing market so that you can prioritize the health of your family without having to bring your plans to a standstill. Whether you’re looking to buy or sell, we know the best protocol as well as the optimal resources and lenders to help you through the process in this fast-paced world that’s changing every day. Give us a call at 888.446.5602 or email kelly.broaddus@exprealty.com. 

We at The Kelly Broaddus Team with eXp Realty know that the only result that ultimately matters is that your home gets sold — and sold for the right amount. Satisfied clients say it all. Check out our 5 Star Reviews.

 

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Flagstaff AZ Real Estate Market Update- July 2020

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Sept. 21, 2020

2066 N Fox Hill Road, Flagstaff, AZ 86004

Kelly Broaddus  |  eXp Realty  |  888.446.5602  | Contact Kelly

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A post shared by Flagstaff Homes & Real Estate🏡 (@kellybroaddus_realtor) on

Under Contract Over List Price! Continental Country Club Gem
3 Beds | 2 Baths | $399,950

What a gem! Adorable ''A'' frame, 3 bed 2 ba, brand new appliances (refrigerator, dishwasher, stove) New wrap-around deck. and a metal roof! Backing a wonderful green belt, wonderful privacy with no one behind you! This home is also NOT IN THE HOA!! You can put up a fence or have a dog run. This is a perfect little getaway cabin!

Photos and more information here: https://www.northernarizonafinehomes.com/property/183243/

See all homes for sale in Continental Country Club

 

Location

2066 North Fox Hill Road

Car-Dependent

Learn more about Flagstaff

Attractions & Recreation

  • Lowell Observatory - Astronomical observatory where the planet Pluto was discovered. Great place to go if you want to enhance your knowledge about astronomy, time with the stars on the horizon explained, and a chance to look through the giant telescope.
  • Walnut Canyon National Monument - features prehistoric archaeological sites that are spectacularly located in cliffs and along the rim of Walnut Canyon. 
  • Buffalo Park - Perfect walk to enjoy the outdoors, fresh air, and close mountain views. Many Trails for all ages and even dogs. Plus the beautiful views of the San Francisco Peaks.

Dining Nearby

Nearby restaurants include The Northern Pines, it's very conveniently located at the intersection of the I-17 and I-40.  Looking for a friendly place to dine? Visit the Olive Garden Italian Restaurant, they offer great menu choices with many healthy (gluten and vegan ) options. Another great place to dine is at Coco's Bakery Restaurant. The food is exceptional be it breakfast, lunch, or dinner. Excellent fresh homemade desserts.

Schools

Children in this community typically go to the following nearby schools:

  • Thomas M Knoles Elementary School PK-5
  • Mount Elden Middle School 6-8
  • Coconino High School 9-12

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 kelly.broaddus@exprealty.com or call 888-4465602 to see this RARE turn-key comfortable townhome in the desirable Tanglewood Vistas in Continental Country Club or other houses for sale in Flagstaff.

 

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Sept. 14, 2020

Move-Up vs. Second Home in Flagstaff: Which One Is Right For You?

Kelly Broaddus  |  eXp Realty  |  888.446.5602  | Contact Kelly

Move-Up vs. Second Home in Flagstaff Which One Is Right For You

The pandemic has changed the way many of us live, work, and attend school—and those changes have impacted our priorities when it comes to choosing a home.
 
According to a recent survey by The Harris Poll, 75% of respondents who have begun working remotely would like to continue doing so—and 66% would consider moving if they no longer had to commute as often. Some of the top reasons were to gain a dedicated office space (31%), a larger home (30%), and more rooms overall (29%).1 
 
And now that virtual school has become a reality for many families, that need for additional space has only intensified. A growing number of buyers are choosing homes further from town as they seek out more room and less congestion. In fact, a recent survey found that nearly 40% of urban dwellers had considered leaving the city because of the COVID-19 outbreak.2
 
But not everyone is permanently sold on suburban or rural life. Instead, some are choosing to purchase a second home as a co-primary residence or frequent getaway. Without the requirements of a five-day commute, many homeowners feel less tethered to their primary residence and are eager for a change of scenery after spending so much time at home.
 

If you’re feeling cramped in your current space, you’ve probably considered a move. But what type of home would suit you best: a move-up home or a second home? Let’s explore each option to help you determine which one is right for you.

 
 

WHY CHOOSE A MOVE-UP HOME IN NORTHERN ARIZONA?

 
A move-up home is typically a larger or nicer home. It’s a great choice for families or individuals who simply need more space, a better location, or want features their current home doesn’t offer—like an inground pool, a different floor plan, or a dedicated home office. 
 
Most move-up buyers choose to sell their current home and use the proceeds as a downpayment on their next one. If you’re struggling with a lack of functional or outdoor space in your current home, a move-up home can greatly improve your everyday life. And with mortgage rates at their lowest level in history, you may be surprised how much home you can afford to buy without increasing your monthly payment.3,4
 
To learn more about mortgage rates, contact us for a free copy of our recent report! 
“Lowest Mortgage Rates in History: What It Means for Homeowners and Buyers”

 

One major benefit of choosing a move-up home is that you can typically afford a nicer place if you spend your entire budget on one property. However, if you’re longing for that vacation vibe, a second home may be a better choice for you.
 
 

WHY CHOOSE A SECOND HOME IN FLAGSTAFF?

 
Once reserved for the ultra-wealthy, second homes have become more mainstream. Home sales are surging in many resort and bedroom communities as city dwellers search for a place to escape the crowds and quarantine in comfort.5 And with air travel on hold for many families, some are channeling their vacation budgets into vacation homes that can be utilized throughout the year. 
 
A second home can also be a good option if you’re preparing for retirement. By purchasing your retirement home now, you can lock in a low-interest rate, start paying down the mortgage and begin enjoying the perks of retirement living while you’re still fit and active. Plus, it’s easier to qualify for a mortgage while you’re employed, although you may be charged a slightly higher interest rate than on a primary home loan.6
 
One advantage of choosing a second home is that you can offset a portion of the costs—and in some cases turn a profit—by renting it out on a platform like Airbnb or Vrbo. However, be sure to consult with a real estate professional or rental management company to get a realistic sense of the property’s true income potential.
 
 

WHICH ONE IS RIGHT FOR ME?

 
You may read this and think: I’d really like both a move-up home AND a second home! But if you’re dealing with a limited budget (aren’t we all?), you’ll probably need to make a choice.  These three tactics can help you decide which option is right for you.
 

1. Determine Your Time and Financial Budget

 
You may meet the bank’s qualifications to purchase a home, but do you have the time, energy, and financial resources to maintain it? This is an important question to ask yourself, no matter what type of home you choose.
 
Most buyers realize that a second home will mean double mortgages, utilities, taxes, and insurance. But consider all the extra time and expense that goes into maintaining two properties. Two lawns to mow. Two houses to clean. Two sets of systems and appliances that can malfunction. Second homes aren’t always a vacation. Make sure you’re prepared for the labor and carrying costs that go into maintaining another residence.
 
Of course, some move-up homes require more work than a second home. For example, if your move-up option is a major fixer-upper, you’ll probably invest more energy and capital than you would on a small vacation condo by the beach. Have an honest discussion about how much time and money you want to spend on your new property. Would a move-up home or a second home be a better fit given your parameters?
 

2. Rank Your Priorities

 
If you’re still undecided, make a wish list of the characteristics you’d like in your new home. Then rank each item from most to least important. This exercise can help you determine your “must-have” features—and which ones you may need to sacrifice or delay. Here’s a sample to help you get started:
 

#

FEATURE

 

Dedicated home office

 

Extra bedroom

 

Pool

 

Walk to the beach

 

Big backyard

 

Close to friends and family

 

Short commute to the office

 

Investment potential

 
 

3. Explore Your Options

 
Once you’ve determined your parameters and priorities, it’s time to begin your home search. 
If you’re still not sure whether a move-up home or a second home is right for you, we can help.
 
Contact us to schedule a free consultation. We’ll discuss your options and help you assess the pros and cons of each, given your unique circumstances. 
 
We can also send you property listings for both move-up homes and second homes within your budget so you can better envision each scenario. Sometimes, viewing listings of homes that meet your criteria can make the decision clear.
 
 
LET’S GET MOVING
 
Whether you’re ready to make a move or need help weighing your options, we’d love to help. We can determine your current home’s value and show you Flagstaff or nearby area properties that fit within your budget. Or, if your heart is set on a second home in another market, we can refer you to an agent in your dream locale. Contact us today to schedule a free, no-obligation consultation! Call Kelly at 888.446.5602 or email kelly.broaddus@exprealty.com
 
 
 

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Move-Up vs. Second Home in Flagstaff: Which One Is Right For You?

Is Now a Good Time to Buy or Sell Flagstaff Real Estate?

Posted in Home BuyingTips
Sept. 9, 2020

Kelly Broaddus Earns eXp Realty's ICON Agent Award Three Years in A Row

by Joselyn Uy

August 2020 eXp ICON Award

Flagstaff, AZ, September 9, 2020 - eXp Realty, the largest residential real estate brokerage by geography in North America, announced that Kelly Broaddus, along with 129 top-producing agents across the country, has been given the eXp Realty ICON Award for August 2020. Kelly received her first ICON award in August 2018 during her first year of joining eXp Realty. She has achieved $35 million dollars in sales volume with 72 transactions in the first eight months of 2020.

The eXp Realty ICON Agent Award recognizes agents who achieve exceptional production goals and represent a good cultural fit for the brokerage. The eXp Realty ICON Agent Award provides each qualified ICON with up to $16,000 in publicly traded eXp World Holdings, Inc. common stock upon the achievement of certain production goals within an agent’s anniversary year. The company’s cap is presently set at $16,000. Through the program, ICONs effectively can earn up to their entire cap amount back in the form of stock.

ICON agent qualification details are:

  1. Demonstrates company culture through giving back by teaching a class, serving on a panel, or serving on a committee
  2. Demonstrates a willingness to promote eXp Realty within their community.
  3. Production requirement: $16,000 paid in company cap plus capped status transactions in the same anniversary year resulting in capped status transaction fees of not less than $5,000, OR
  4. Production requirement: Annual gross commission income of $500,000 or more with a minimum of 10 closed transactions and payment of an “ICON Qualifying Fee” equal to $5,000 less capped transaction fees paid during the same anniversary year.
  5. Approval by the ICON Vetting Committee

$12,000 in publicly traded eXp World Holdings common stock is awarded and vests after three years, $4,000 is issued with no vesting period.

 

"I could not have achieved this award without the help of my wonderful team: Josie, MerrySarah, Stephen, David, Rebecca thank you! It is wonderful to once again achieve the highest honor with eXp. I am honored and excited to be a part of helping other agents achieve the same goal!"  Kelly Broaddus

Kelly Broaddus has been working in the real estate industry for more than 20 years and has extensive experience in buying and selling residential real estate. She leads the Kelly Broaddus Real Estate Advisors Team, a top-producing real estate team based in Flagstaff, AZ offering real estate solutions to home buyers and sellers in Flagstaff, Sedona, Cornville, Williams, and nearby areas. 

eXp Realty provides 24/7 access to collaborative tools, training, and socialization for real estate brokers and agents through its fully-immersive, virtual campus environment. As a public company subsidiary, eXp Realty uniquely offers real estate professionals within its ranks opportunities to earn company stock for production and contributions to overall company growth. eXp Realty is one of the fastest-growing real estate brokerages in the United States with more than 12,000 agents in 49 U.S. states, the District of Columbia and three Canadian provinces.

 

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hONORS & aWARDS

Kelly's Recognition & Awards

Aug. 31, 2020

Flagstaff AZ Real Estate Market Update- July 2020

Flagstaff AZ Real Estate Market Data Provided by The Kelly Broaddus Real Estate Advisors Team / by Joselyn Uy

 

July 2020 Flagstaff Market Report

 

 Best. Month. Ever. July Flagstaff home sales beat out 2019 by 37%

 

I hope that you've had a fun summer and are keeping cool. After the bottom fell out of the real estate market immediately following the shutdown, it saw a roaring bounce back from the recent pandemic skid– and seems to still be gaining steam. Here's the latest update on the Flagstaff.

 

FLAGSTAFF HOME SALES

The US existing home sales skyrocket by 24.7% in July marking two consecutive months of significant gains. Sales as a whole rose year-over-year, up 8.7% from a year ago.

Meanwhile, buyers inundate the Flagstaff real estate housing market breaking record prices and sales. 

Greater Flagstaff's housing sales surge 26% for the second straight month with 295 housing units sold after a meteoric rise in June 2020.  This is the most sales we’ve had in July, in 15 years. In July of 2019, there were 215 sales but back then the median sale price was only $445K. Helping boost sales and prices are historically low mortgage rates.

 

July 2020 Flagstaff Home Sales By Type

“The housing market is well past the recovery phase and is now booming with higher home sales compared to the pre-pandemic days. With the sizable shift in remote work, current homeowners are looking for larger homes and this will lead to a secondary level of demand even into 2021,”  said Lawrence Yun, NAR’s chief economist.

 

In the month of July, our team hit a record of 17 homes, selling over $8M of Flagstaff and nearby area real estate. This is the biggest number of homes the Kelly Broaddus Real Estate Advisors Team sold in a month! We are very happy to have helped 4 sellers and 13 buyers achieve their real estate goals.

 

FLAGSTAFF MEDIAN HOME PRICE

US HOME PRICES RISE 5.9% VERSUS THE EXPECTED 3.5%. The Pending Home Sales Index (PHSI), a forward-looking indicator of home sales based on contract signings, rose 5.9% to 122.1 in July.

Flagstaff Median Home Price & DOM July 2020

In Flagstaff, a new price record is set for the month of July. The median sales price for June 2020 came in at $480K up 8% from the same period last year. The previous high of $445K was set last year.

DOWNLOAD THE FULL FLAGSTAFF MARKET REPORT HERE

 

July 2020 Flagstaff Market Watch Summary

 

2020 Flagstaff Real Estate Market Watch Total Single Family Home Sales -   201 homes, up 39% vs July 2019. 

Median Home Price -  $480,000, up 7.9vs June 2019

Average Mortgage rates  - 30-year fixed-rate mortgage rose 3.13% on Aug 31. Mortgage rates change daily but they remain very competitive and are worth locking in.

Longest days on market (SF): 1,080  This is a 3-bedroom luxury custom new build home in Flagstaff Ranch's Aspen Shadows. Property owners in Flagstaff Ranch must purchase either a Golf ($60,000) or Social Membership($30,000).

CDOM The acronym CDOM (Cumulative Days on Market) is used by the Flagstaff MLS to describe how many days a property has been available for sale. A property has to be off the MLS for at least 90 days for the CDOM to restart, even if it is listed by a different agent. We report the average days on market for properties sold based on CDOM.

The number of days a home sits on the market can tell us a lot about pricing. A high CDOM is commonly a strong indicator that the home is overpriced. 

 

FLAGSTAFF'S PRICIEST HOMES SOLD in JULY 2020

FLAGSTAFF'S PRICIEST HOMES SOLD in July 2020

Photo courtesy of Symmetry Realty Brokerage

  • The highest-priced single-family Flagstaff home that sold in July was a $4,600,000 4-bedroom multi-level home in Pine Canyon. This is currently the most expensive Flagstaff home that sold this year. Pine Canyon is an exclusive, 600-plus-acre private lifestyle golf community tucked among the Ponderosa Pines of Arizona's high country.
  • The highest-priced Flagstaff townhome sale was a $780,000 single-level luxury Mountain Villas townhome in Pine Canyon that features an attached one bedroom, one bathroom, casita with a private entrance off the courtyard. 
  • The highest-priced Flagstaff condo sale was a $425,000 newer two-bedroom unit at Dale Condominiums in Flagstaff Townsite. Located in the heart of downtown with views of the town's most historic landmarks.

 

THE MOST AFFORDABLE  FLAGSTAFF HOMES SOLD in JULY 2020

Lowest Priced Flagstaff Home in July 2020

Photo courtesy of RE/MAX Peak Properties

  • The lowest-priced single-family Flagstaff home that sold in July was a $175,000  2-bedroom rental in Sunnyside with a large fenced yard with mature shade trees and back deck. Cash sale. 
  • The lowest-priced Flagstaff townhome that sold was a $199,000 2-bed unit in Christmas Tree Estates, the easternmost residential neighborhood in the city beyond the Flagstaff Mall.
  • The lowest-priced Flagstaff condo that sold was a $139,000 renovated Arbors (Woodlands Area) studio unit located near NAU.

 

Flagstaff Home Buyer Advice

Are you thinking of buying a home in our market? Then you need to be prepared to enter into a multiple-offer scenario because they’re quite common right now. Kelly has several tips to share that will help you win the home you want if you find yourself in a bidding war for it. These tips will strengthen your offer and make life much easier for the seller. Watch the video below.

0:38—Make a strong earnest money deposit.

Put down a strong earnest deposit to show in good faith that you truly want that house. If you’re an FHA buyer and need to put down 3.5%, don’t just offer $500, put it down in your deposit. You’ll get credit for it at closing. If you’re a VA buyer with 100% financing, still put down a strong deposit because you’ll get it back at closing. 

1:13—Have your agent ask the listing agent what closing date works best for the seller 

Consider what closing date is best for the seller. Have your real estate agent talk to their listing agent and find out what date works best for them so you can accommodate their needs. 

1:56—Don’t ask the seller to pay your closing costs 

Do not ask the seller to pay your closing costs unless you absolutely need it. If you do need it, consider bumping up the price to cover the closing costs; that way, you’ll pay it off in your monthly payments later.  

3:41—Don’t ask for a home warranty 

Make a clean offer. If you want a home warranty, you can buy it yourself at closing. It costs $500 to $600, and it covers you for the first year. 

4:13—Don’t ask the seller to leave personal property 

Don’t ask the seller for a personal property they’re not offering. Again, make it a clean offer.

5:10—Pick an offer price you’re comfortable with 

Nowadays, you can’t look back at prices from the last six to 12 months in a neighborhood because there’s so much activity, and buyers are bumping up prices. In addition to all the typical summer activity, interest rates are extremely low and many people are relocating to this area. Consider what price you feel comfortable offering for that property—it’s not uncommon for prices to be bumped up, especially during multiple-offer scenarios.

7:04—Keep your due diligence period as short as possible 

Have as short of a due diligence period as possible. Maybe make it five business days from acceptance so you have time to get the inspector lined up. We used to see two weeks for due diligence, but with all the activity happening, Home Inspectors, Radon Inspectors are booked out. If you have a good real estate agent that does a lot of transactions, they usually have a relationship with inspectors and sometimes they can get it done a little bit sooner. You might want to think about that when choosing a real estate agent. 

8:35—Add an escalation clause to your offer

This is a great strategy for getting the house you love! Our team has gotten many homes for our clients with this method. Contact Kelly at 888.446.5602 to discuss how this works. 

Need a lender recommendation for your home loan? We work with trusted lenders who will walk you through the entire process and have your best interest at heart. Contact us today and we will get you one of our trusted lenders that best fits your needs.

Home Buying Tips Our home buyer's blog will help you plan and prepare for your successful home purchase and avoid headaches and surprises that may arise during the process.

Sign up for free to receive our updates about coming soon properties and homes for sale not listed on the MLS. 

 

 

Flagstaff Home Seller Advice 

It appears that the fall will be a busy time. If you're thinking about selling your home, NOW's the time. Buyers are in the market, interest rates are still historically low, and you won't have a lot of competition due to LOW inventory. The supply of homes for sale in July declined to under 3 months, we were at 4.88 a year ago.

A normal market would have 6-7 months of inventory. Anything under six months would indicate a sellers’ market, which would put upward pressure on prices. It's a seller's market for Flagstaff home except in 2 high-end price ranges. 

If you are considering selling your home, you can start by simply finding out what you could get for it in the current hot market. An easy way to do this is with the following home value calculator, which takes into account recent area sales. Click below and Enter your address to find out what your home is currently worth

 

What is the value of your Flagstaff Home?

 

If you’d like a free consultation regarding your home’s value, give us a call at 888.446.5602. Kelly will be happy to talk about strategy and tell you how to take advantage of the current market. Our team sold 85 homes last year, so we know how to guide you through any situation and make sure you sell quickly and for top dollar. 

 

LET'S CONNECT TODAY!

Whether you connect by phone or video chat, we can help you understand how to safely navigate the housing market so that you can prioritize the health of your family without having to bring your plans to a standstill. Whether you’re looking to buy or sell, we know the best protocol as well as the optimal resources and lenders to help you through the process in this fast-paced world that’s changing every day. Give us a call at 888.446.5602 or email kelly.broaddus@exprealty.com. 

We at The Kelly Broaddus Team with eXp Realty know that the only result that ultimately matters is that your home gets sold — and sold for the right amount. Satisfied clients say it all. Check out our 5 Star Reviews.

 

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Flagstaff AZ Real Estate Market Update- June 2020

Lowest Mortgage Rates in History: What It Means for Northern Arizona Homeowners and Buyers

 

 

Aug. 28, 2020

Q: Which Tips Will Help You Win a Bidding War?

Here are several tips that will help you win a bidding war.

 

Are you thinking of buying a home in our market? Then you need to be prepared to enter into a multiple-offer scenario because they’re quite common right now. I have several tips to share today that will help you win the home you want if you find yourself in a bidding war for it. These tips will strengthen your offer by making life much easier for the seller. 

 

Cited below for your convenience are timestamps that will direct you to various points in the video. Feel free to watch it in its entirety or use these timestamps to browse specific points at your leisure: 

 

0:38—Make a strong earnest money deposit

 

1:13—Have your agent ask the listing agent what closing date works best for the seller 

 

1:56—Don’t ask the seller to pay your closing costs 

 

3:41—Don’t ask for a home warranty 

 

4:13—Don’t ask the seller to leave personal property 

 

5:10—Pick an offer price you’re comfortable with 

 

7:04—Keep your due diligence period as short as possible 

 

8:35—Add an escalation clause to your offer

 

9:13—Wrapping things up 

 

As always, if you have questions about this or any real estate topic or are thinking of buying or selling a home soon, don’t hesitate to reach out to me. I’m happy to help. 

Posted in Home BuyingTips