A local Sedona Real Estate broker has moved forward with a plan to increase activity during the last week of the August - typically a slow month in Sedona real estate. The Sedona Home Sale will run from August 22nd to September 1st 2008 and will accomplish two goals...
1)prove to buyers that there are some great deals out there - and inspire them to buy now while we're in a buyer's market.
2) Assist sellers that have more motivation to sell their home quickly.
There are over 80 homes that will be participating in the Sedona Home Sale - and they're all offered at a price 5% or more off of the previously listing price. With approximately 700 homes for sale in the Sedona area, this means that over 11% of all homes in Sedona will be on sale for this event. There are two more bonuses as well - the affiliated lender Coldwell Banker Mortgage is offering free appraisals for any home purchased during the span of the sale (August 22- Sept 1, 2008). Also, the brokerage will donate $250 to a local charity for each home sold during this period. This means that Coldwell Banker will be helping people move into homes and helping some worthy charities within our community as well.
Coldwell Banker First Affiliate Broker Tod Christensen has written about this sale on their website...
"This promotion started as a small brainstorming idea I had in early July and has mushroomed into the 80+ home sale you will soon see. As the dominant company in Sedona Real Estate both in Listings and Sold homes we knew we had many sellers who had already priced their homes well within market values, but we also knew that buyers like yourself were still somewhat nervous about Real Estate based on what you hear in the media. So we contacted all of our sellers and asked them if they would be willing to discount their home even further for a short time in order to convince buyers that this is the "Buy Now" sign they had been waiting for.
Much to my surprise over 80 home owners enthusiastically responded. This represents 10% of ALL the homes currently for sale in Sedona! We also asked the home buyers to discount their prices at least 5% below the current asking price (which had already been reduced in many cases) and again to my surprise many home owners went well beyond that request. In fact one home owner has made the decision it is simply time to move on and reduced the price of that home by 25%! Some of these discounts are permanent but many will only be good for the actual days of the sale. Either way this is the first opportunity to purchase these homes at the new lower prices. You can judge for yourself but it is our opinion that the prices on these homes represents a truly exceptional buying opportunity."