Buyers will welcome 2008 with open arms and hopefully an open pocketbook.  There are great deals on Sedona property all over the map and in every price range.  Make sure that your agent knows what you’re looking for and have them do a search for you and cherry pick the best of the properties so that you don’t wade through dozens of homes that only fit the price range – but aren’t what you’re looking for.  Be sure to get preapproved with a local lender so that you’re ready to jump on a great home when you see one.  AZ real estate contracts require loan prequalification paperwork at the time you make the offer… so it pays to be prepared in advance.  Happy househunting!