Excerpt from:  Flagstaff Real Estate and Community News
.
July 01, 2009

What a Month in Flagstaff Real Estate!

Take a look at what Flagstaff homes I sold this month – with a little commentary on each!
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If my month of June is any representation of what’s going on in the Flagstaff market, and who knows if it is, home sales will happen if your agent works hard enough and if you, as the seller or buyer, are motivated enough.

On the buyer’s side, you need to have persistence is working with your lender (assuming you are not one of those rare cash buyers – we had one this month). The loan process is really tough and you can’t treat it casually. Even when you’ve done all the work required of you, it may not work if the appraiser and the several layers of underwriting don’t like the deal you’ve negotiated. Your mortgage loan originator should have options available to you if the first try at a loan source doesn’t work. Most of my transactions this month were done with FHA-guaranteed loans – even those at higher prices and with substantial down payments.

On the seller’s side, it won’t work if you don’t price it right and clean it up. Using a professional stager helps. Once you get an offer, take a deep breath and don’t count on it closing on time – see the last paragraph. When it does, it is because the people working on your behalf, and for the buyer, pulled off a miracle.

So, if any one tells you Flagstaff homes are not selling, tell them they are wrong. So far, the report for June shows 95 homes sold.

Here are the seven I was involved with:

1407 S. Union Pacific – foreclosure sale was a great deal for our buyer but the title issues were a challenge

11110 N. Lupine Lane – Listing - was under contract before the ink was dry but “Oh My!” what lending issues we had, and then it was done!

9130 W. Arden Lane – represented the buyer – like all purchases nowadays diligence on the lending process got it done!

11160  Rodeo Road – Listing -- under contract in a week and closed in 26 days!

3939 N. Paradise Road – Listing – some twists and turns then we got it done three appraisals later!

8215 Autumn Drive – Listing – sold with creative, last-minute financing switch!

2640 E. Matterhorn – Listing – sold at 100%

To buy or sell a home in Flagstaff, start by contacting Team Heitland at RE/MAX Peak Properties!

by Ann Heitland
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