So what is a seller and buyer to do? Listen to CNN, MS NBC, Talk Radio, NAR, or your local Real Estate Agent? Well, I would say, that a good real estate agent is worth their weight in gold - for Real Estate is local. Yes, it is affected by what happens in the National Arena. But comparing what is happening in the center of New York with Toledo Ohio or the Sedona AZ Real Estate Market is like comparing apples to pineapples to bananas! It simply can't be done. Buyer's come into the Sedona Real Estate Market thinking they will be able to pick up a single family home for $30,000 - because they have seen it happen in Phoenix - that "banks are giving away properties". Well, Sedona ain't Phoenix. The lowest priced home that has sold in Sedona since the beginning of the year was a 1971 2 bedroom home for $125,000. Podunk this ain't. If you have good representation, a buyer can significantly reduce the sale's price - however that is dependent on many factors - location of the property, time on the market, condition of the property, and on and on it goes. So buyer's do yourself a favor - and find a good Realtor - one who is in the trenches day in and day out - and LISTEN to them. Seller's would be wish to heed that same advice. Turn off the TV Morning Show or CNN News - those folks are in New York or LA and don't know the local real estate market. A good local realtor does. Remember that Foreclosures and Short Sales are the norm - not the exception and in order to sell your home in the next century - price it realistic to sell it. If you don't have any interest, and no one is showing it? Guess what? It's all about the price! For all your Sedona real estate needs and to find out more information about Sedona AZ homes for sale, I can be reached via email at barbara@barbarabaker.com, texting or calling at 928-301-0669, on Linkedin or Facebook at Barbara Hooyman Baker. Happy Buying and Happy Selling