Tom Havstad, Permit Consultant Extraordinaire, Joins The Real Estate Hour This Sunday.

  • Cpermithanges at the PRMD (Sonoma County Permit Department),
  • Changes to the Vacation Rental Ordinance,
  • And, what about those Un-permitted repairs and alterations when you go to sell your house! These topics and more will be discussed with Real Estate Hour favorite, Tom Havstad.

Tune in..have a little fun…and, learn a lot.

profile pictureTom Havstad; Long time local Sonoma County Permit Consultant and property owner advocate.  Tom Brings a wealth of knowledge to the Real Estate transaction, and to homeowners just trying to sort things out.

Cell:707-695-0857  Office:707-874-2078 Email:havstad@sonic.net Online at: Permit-Help.com

house-blueprintPermit Consulting Services for Sonoma Marin and Napa – Permit Consulting Services offers professional assistance at your building department. We know the process and we will advocate for you. Our expertise comes from decades of experience in all phases of plan and permit processing.

You may need help with building or zoning permits, or you may just need to understand what permits were taken out for work done in the past. If you need plans drawn in order to pull a permit, we can do those for you also. We’ll handle the whole process, start to finish, or we’ll coach you through it. And you can believe this, it’s not getting any simpler. You’ll save time and money by getting a professional on your side.

Continue reading Tom Havstad, Permit Consultant Extraordinaire, Joins The Real Estate Hour This Sunday.

The Probate Process, New Deed for Transfer Upon Death, and more…Attorney Roy Johnston Joining Allison on the Show Sunday May 15

Roy joined us and discussed trusts, wills and probate. Interesting and timely show.
Roy will join us and discuss the new Revocable Transfer on Death Deed, trusts, wills and the probate sale process. Interesting and timely show.                                                                     .

Attorney Roy Johnston joins Allison again to discuss an interesting, and slightly frightening (because it’s way too easy) way to take title to a property in California; The Revocable Transfer on Death Deed. Roy will explain the good and the bad.

Additional topics to include, the Probate process for the sale of real estate, and how to avoid probate all together. There are several different types of probate sales; Those with no court confirmation required, and those with court confirmation, and then there’s the somewhat confusing over bid process.

 

Johnston | Thomas Attorneys at Law
1400 N. Dutton Avenue, Suite 21
Santa Rosa, CA 95401                                                                                               Phone: 707.545. 6542
info@johnstonthomas.com

Real Estate Show….05/15/16—Guest Ron Johnstone

This week–the lovely and talented Pete Phillippe Joins us! Talking Interest Rates!

Our "Loan Guy" Pete Phillippe
Our “Loan Guy” Pete Phillippe

We are delighted to have on old friend of the show Mr. Pete Phillippe in studio this Sunday for Mother’s Day. Pete and I go back many years and no finer lender will you meet. We’ll be talking up interest rates and see what the folks over at US Bank have in the way of interesting products. Email Pete for all your lender questions.

Peter.Phillippe@usbank.com

On this week’s show: April Sales and Market Activity–Flat, lack-luster here in Sonoma County.

Here are Sonoma County April Sales information. Big take-aways? Lack of inventory but increasing, Median home price up “only” 6% over last year. 1.5 Month’s Supply of Inventory (4-6 months is considered “normal”.

MSI

Average Days on the market is a remarkable 42 days. Note how this number has been dropping. Blame low inventory and big Buyer demand due to historically LOW interest rates in the upper 3% range.

AverageDOM

Homes for sale by month is down -10% over last year–c’mon–let’s get those homes on the market!

ForSaleProp

New properties coming to the market is down slightly.

NewProperties

Indicator of future activity is the “Under Contract” properties down -5% over last year. Hmmmm?

UC

Sold Properties by month is down -13%. This with historically low rates? Price wall happening?

SoldsMay

Median Home price shows dramatic slowing of higher price activity.

Medianhomepricemay

 

Rent Control and “Just Cause” evictions–Points to Consider–this Sunday’s Topic

For or Against Rent Control? Here are some points to consider and express to the City of Santa Rosa Council meeting May 3rd—Public Meeting at City Hall.
We are please to have Daniel Sanchez, Government Affairs Director, of the NorthBay Association of Realtors to talk about these timely issues before the City of Santa Rosa takes action on May 3rd at the Council Meeting. 
Just Cause:—What is it?  Under just cause eviction, a tenant can only be evicted if the landlord can prove that the tenant is violating the lease, breaking the law or if the landlord must move themselves or a family member into the unit.
  • Any type of rental can be eligible for just cause, including single family homes.
  • Just cause eviction ordinances would require rental owners to prove “cause” in court, or in some cases before a political body, every time they need to remove a problem resident, such as a drug dealer, or violent criminal.
  • Proving cause in court or by going before a board or commission is hard to do and unfair. The legal process is costly and time consuming. Rental property owners would have to depose and subpoena other residents to testify.
  • Because removing a problem tenant requires going to court, these ordinances tend to clog the court system.
  • Santa Rosa should focus on educating renters on their protections under state law, instructing owners on their obligations, and enforcing the laws we have.
  • Santa Rosa should provide a forum for owners and residents to resolve disputes in a neutral setting — not in a court, not in the political setting of an eviction board, and certainly not with a host of new laws and regulations.

Continue reading Rent Control and “Just Cause” evictions–Points to Consider–this Sunday’s Topic

Putting today’s market into context.

Below is a graph with some very interesting stats which give me pause and commentary. This is a look going back 10 years to the wild and crazy pre-“crash” days of yore. The first thing which amazes me is the amount of homes for sale vs. today. 8,230 listing  3rd qtr of ’07 vs. this past quarter’s measly 1393.

 

1stqtr05vs1stqtr2016

The MSI or Month’s Supply of Inventory, is another indication of a fast, tight market. From 11.7 months supply (big Buyer’s market), 1st qtr of ’08 to 1.8 months supply 1st qtr of this year. New listings per quarter? Past quarter is the lowest in 11 years. Yeah, where are all those listing!?

Upcoming Guests soon to the Real Estate Hour.

Roy joined us and discussed trusts, wills and probate. Interesting and timely show.
Roy joined us and discussed trusts, wills and probate. Interesting and timely show.

The longest running real estate talk show, now into its 20th year, is booking very interesting and timely guests in the weeks and months to come. Coming May 1st, Roy Johnston, attorney, speaking on the new form of real estate ownership which has a very simple, perhaps too simple, Deed. He’ll speak on this plus OTHER issues of taking title to real estate, probate process and other trust issues. Continue reading Upcoming Guests soon to the Real Estate Hour.

Weekly Interest Rate update, Courtesy of Otto Kobler of Summit Funding

Mortgage Rates for March 11, 2016

FIXED AND ARM CONVENTIONAL PROGRAMS RATE         APR
30 Year Fixed Conventional 3.875%      4.040%
15 Year Fixed Conventional 3.125%      3.265%
5/1 LIBOR ARM Conventional 3.875%      3.963%
7/1 LIBOR ARM Conventional 3.750%      3.803%
———————-
JUMBO PROGRAMS ($417k +) RATE          APR
30 Year Fixed 3.750%       3.967%
15 Year Fixed 3.500%       3.259%
5/1 LIBOR ARM 2.875%       2.972%
7/1 LIBOR ARM 3.250%      3.411%
————————
FHA/VA FIXED PROGRAMS RATE          APR
30 Year FHA/VA 3.500%      4.647%
15 Year FHA/VA 3.500%      4.910%

Continue reading Weekly Interest Rate update, Courtesy of Otto Kobler of Summit Funding

Homes Available by Price Bracket-National vs. Sonoma County.

Here in the “Wine Country” of Sonoma County, California–home availability is very tight and our price brackets for homes do NOT reflect very well for affordability when compared to the overall nation. See the graph below.

SalesPricePointDifferenceFeboverFeb2016

Yes, there are places in the nation where homes/condos are readily available for UNDER $100,000. And you’d be very surprised how much home you can get up to $250,000. In Sonoma County it is slim to none and slim just left town. Our big price point is $500,000 to $750,000 followed by the next highest price bracket. The age old question of affordability–where do all the service folks, teachers, police officers, fireman, find a home without breaking the monthly budget? Tis the question!

The Real Estate Hour, Sundays 9 to 10am pst, NOW broadcasting on Periscope!

Our Sunday, 9 to 10am pst, Real Estate Talk Show is her on “terrestrial” radio 1350AM KSRO and 103.5, also streaming live at www.KSRO.com and NOW broadcasting live Video via “Periscope” which is a mobile app for your Iphone, Ipad or Droid ONLY. So you can listen and now SEE us do the show. Kinda fun! Always great information on the latest and the greatest in the Bay Area Real Estate Market.

Listen to Mike and Allison on "The Real Estate Hour", Sundays, 9 to 10am PST, KSRO, 1350AM or 103.5 FM and www.KSRO.com