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Sonoma County Homeowners with BofA loans–check your mail!! Offers for modifications with the Holy Grail of principal reductions is NOW happening! Over 5,000 have been done with over $700 Million in Modifications! More to come! Read the story from C.A.R. to see if YOU qualify!
BofA extends modification offersBank of America Home Loans has begun reaching out to customers who may be For further information on the settlement programs, Bank of America Home The first letters in a targeted outreach to more than 200,000 potential You want to see what a “Seller’s” Market looks like? The Stats below say it ALL!!! Scarcity rules the roost!!
Sonoma County, California–Allison and I met with Assemblyman Jared Huffman and Senator Noreen Evans in a whirlwind day at Sacramento where California Realtors are influencing legislation on private property rights. The Govenor of the greatest state of California, Jerry Brown, addressed our combined delegations from every county in the State. He showed off his wit and wisdom and explained with passion his desire to bring compromise to the tough act of Budget Balancing. We as Realtors made a solid impact with our legislators. On this Week’s show we will recap some of the more onerous laws coming at the homeowner or home buyer. Tune us in This Sunday!
The “Cap rate” is often quoted as a determining factor in pricing investment properties. I’ve found a great resource on-line which you can go to time and time again to get your investment questions answered when it comes to Real Estate. Just CLICK HERE to go to their page. The web site is called, “CRE Online” and it is just chock full of great investment advice.
The Real Estate Hour is glad to have veteran guest Pete Phillippe on the show today as we dig a little deeper into Multiple Unit financing. We’ll be discussing how investors qualify for loans, and how the PROPERTY must also qualify. You’ll hear more about CAP rates, Gross Unit Multipliers, and more.
Peter Phillippe
Here’s the link to the site. It’s full of interesting links and information on my favorite subject (besides Real Estate)–BEES! http://www.fragrancex.com/Fragrance-Information/beekeeping-adults-kids.html The tales usually involve a lovely woman–but don’t ALL good tales begin with a love woman!? Enjoy! There are similar tales in Indonesia. The Bornean version, quoted in The Mythology of All Races (Vol. IX), is as follows: A man named Rakian was out hunting for honey, when in the top of a Continue reading A “Honey” of a tale–Ancient tale of the Virgin “White-Bees’!! Here in Sonoma County, California–Realtors every Tuesday in Santa Rosa gather to “pitch” their Haves (Properties for Sale) and Wants (Needs of their property Buyers) to their fellow Realtors/Agents with the hopes of finding a property NOT yet on the market or a special property for a BUYER who has seen EVERYTHING! As the long-time moderater of this meeting over some 20 years I’ve seen three different marketing cycles. We are NOW entering one of scarcity of homes for sale, many buyers seeking FEW homes, overbidding and a hopefully “appreciating” marketplace. Since inflation is being held in check, we can’t use that favored vehicles to re-coup some or all of our real estate loses. It will be done the old fashioned way: Market Appreciation. Our concencus last week amongst a veteran group of Realtors/Agents–3 to 4% appreciation this year. What the MOST in demand property type? Single family detached dwelling on a traditional sized lot (6,000sqft or bigger), 3 bedrooms, 2 baths, single level and in the NW, NE, or SE areas of Santa Rosa–price point sub $400,000 range with many in the sub $300k price point. Next? How about $1,000,000+!! Yup! It’s a bizzarro world marketplace. Luxury homes are in demand as money from silicon valley, IPO big bucks techies plus those retiring with a country lifestyle in mind fuel this price segment. However, our mid range is also picking up with many buyers in the $500-900K range. Single levels are always big! Fit any of these pricing or property descriptions? Then we’d LOVE to talk to you. We are the Kelly-Norman Team and are two of the hardest working Realtors in Sonoma County. We provide advice to homeowners seeking to down size their homes BUT NOT THEIR LIFESTYLE! Give Allison and call at 707-799-3617 or shoot her an email: nodumbquestion@gmail.com Sonoma County Bee Keeper’s Association celebrates “Earth-Day” with two booths in Sonoma County. Here Mike and Allison are at the “Quarry Hill Botanical Garden” celebration on Saturday. Sunday, “Earth-Day” our Association also was participating at the big “main-even” downtown Santa Rosa! Saturday was really HOT! This photo, shot at the end of the day, captures our mood and heat index!!  Mike and Alli, end of day and very warm!
Next Meeting: Thursday April 19, 7:00 PM, This is the outcome of the PG&E meeting with the “SOS” folks outcome of their meeting with PG&E regarding cutting of trees in their power-line easement: This Update from Sonoma Mountain homeowner Tom Hauck:
Tom Hauck will be on the show this morning to give us further news on the plan for PG&E to remove all trees from their huge swath easement under the major trans-county power lines. Stay Tuned! Otto Kobler will be on the show and relate to us a recent “lunch and Learn” he put on for Realtors featuring two appraisers. We’ll go over exactly WHAT appraisers are looking for when they examine a home being secured by a loan. He will also relate a very interesting story relating the next possible “BOOM” in the .com field. Should make for an interesting discussion. Hint: it involves purchasing a home for $4,000,000 today BEFORE the market accelerates to the $5 or 6Million range!! Huh?
Plus I’ll recap some of our stories from the Trenches AND this is the week of our “OPEN HOUSE EXTRAVAGANZA”!! We have THREE homes for sale! But this market is so hot two have SOLD already!! What?! Yup! And Allison is back from her weekend off and has all the major “tickles” out of her chest, lungs and throat! Yes, she can TALK AGAIN without coughing like a Teamster! |
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