Category Archives: Local

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.

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!

We have buyers just waiting for YOUR Sonoma County, Ca. home to hit the market!!

search for homes

The Kelly Norman Team Current list of BUYERS

These buyers have seen everything on the market. Do you have a home that fits their needs? We’d love to hear about it.

1. Country property with 2nd unit (studio/granny), or 2 acre property with room for a 2nd unit. Any Condition – Up to $800,000 Continue reading We have buyers just waiting for YOUR Sonoma County, Ca. home to hit the market!!

Home Affordability Crisis looming? OR is it here now?

Here in the “Wine Country” of Sonoma County, California, home prices have moderated over the past 5 months but affordability reached a new “post-crash” low of 24%. This means only 24% of our citizens can afford to buy the median home price of $529,000 based on the county wide median income.
Median home price has been flat for 6 months. However, affordability is lacking.
Median home price has been flat for 6 months. However, affordability is lacking. Numbers over columns are Sales for the month. Biggest sale month in July which you can expect considering this is when everyone is moving about before the schools start but also while folks are moving INTO the area or are here as tourists. 

Here is what we look like as far as the Bay Area affordability index:

Sonoma County is the 2nd most affordable county in the Bay Area but way behind the affordability leader--Solano County with 44%!
Sonoma County is the 2nd most affordable county in the Bay Area but way behind the affordability leader–Solano County with 44%!
And if you think 24% affordability is tough just look at those poor buyers in San Francisco, San Mateo or Santa Clara counties. Affordability leader is Solano County at 44%. Remember though, this “formula” used by the California Assoc. of Realtors is based on buyers making the median income for their county and using 20% down. Granted, not every buyer has 20% down (believe me on this one!) but it is a constant which measures long term affordability. Either way, the trend does not bode well for buyers. Now if the FED increases rates, which by every indication they will, the affordability rate could plummet further. When we encourage you to buy this is NOT a hollow, sales person’s chant–it is based on trends. Also, the FED has stated they may NOT make the increases small. Back in 2000 we were also lamenting the lack of affordable housing but rates then were 8.21%!! Today we have 3.875%. Now REALLY is the time to buy!

Old Courthouse Square–FINALLY Reunification? Your feedback wanted! Survey below.

The city of SR is FINALLY pulling the trigger on reunification of the Downtown Square. BUT they want to know how you feel! Survey below.
The city of SR is FINALLY pulling the trigger on reunification of the Downtown Square.
to take the online survey, please visit:www.surveymonkey.com/r/CourthouseSquare orwww.surveymonkey.com/r/CHS_Espanol.
BUT they want to know how you feel! Survey below.Santa Rosa seeks public input regarding Courthouse Square reunification in a new online survey. The Courthouse Square reunification project is the highest profile infrastructure project for downtown Santa Rosa in the past 30 years.  The City Council voted to reunify Courthouse Square to create a dynamic community gathering space and encourage downtown investment.Outreach and the construction project timeline is truncated to minimize construction impacts to downtown businesses. Survey input will be collected from November through the end of December 2015.  Input collected from the survey will help inform the chosen design team for the reunification design.
Once the design team is chosen, two additional public meetings will be conducted; meeting dates and times to be determined. For more information on the City’s Courthouse Square Reunification project, please visit: www.srcity.org/chs

Kimberlee Foster, “Chucket” Organizing and Relocation Services on the show this Sunday!! Who better to help us get from Chaos to Organized before, during, and after a disaster!

Did you miss it…or, want to listen again? Here’s the podcast:

KimberleeFosterKimberlee has been working in the trenches bringing donated items to the Valley Fire evacuees in Lake County, California. She has some first hand information on what is really needed…and, Some great tips and ideas on preparing for a disaster, preparing for an unexpected evacuation, and getting your most important items into an easy grab and go location.

You can find Kimberlee at (707) 560-1491  and www.Chucket.net

Organizing, Downsizing and Move Management Services

Kimberlee Foster, founder and owner of Chucket, provides affordable and personalized organizing and move management services in the North Bay area. She offers professional management and gentle guidance for projects like:

Otto Kobler, Summit Funding Joins us on the Real Estate Hour – New Loan Programs and Updates

Did you miss it??…here’s the podcast;

Real Estate Hour favorite, Otto Kobler of Summit Funding will explain a new more -flexible (?) Fannie Mae loan. Plus; What’s up with interest rates, Jumbo financing, Bridge loans, and more.

Otto Kobler Summit Funding, Inc. Branch Manager / Senior Loan Officer okobler@summitfunding.net
Otto Kobler
Summit Funding, Inc.
Branch Manager / Senior Loan Officer
okobler@summitfunding.net

NMLS ID#: 225957
CA BRE ID#: 00981742
1400 N. Dutton Avenue Suite 5
Santa Rosa, CA 95401
Office: (707) 522-6300 (Ext: 311)
Fax: (707) 522-6303
Email: okobler@summitfunding.ne

– See more at: http://www.summitfunding.net/okobler#sthash.c3kBjNOr.dpuf

Mike Hogan of Hogan Land Services special guest this Sunday, Aug 23rd

Did you miss it? Or, want to hear it again? Here’s the Podcast:

HoganLandSurveyorssign

 

We help property owners and developers improve the value of their land. We examine projects and integrate owner goals. We work together so owners and developers get what they want faster than they would on their own.

Civil Engineering                                      Violation Resolution                         Permit Processing

Structural Engineering                           Construction Management                Napa County Earthquake

Land Surveying                                        Wastewater Solutions                       Storm Water

Solutions

We welcome Mike Hogan , owner of Hogan Land Services to the show this weekend. Mike’s a 2nd generation surveyor and civil engineer.

Mike Hogan of Hogan Land Services--Santa Rosa and Santa Cruz Counties
Mike Hogan of Hogan Land Services–Santa Rosa and Santa Cruz Counties

Unique Property? Unique Situation? You Need Unique Financing – Chances are Jennifer Foster, Umpqua Loan Officer, can do that Loan!!

Did you miss the show, or, want to listen again? Here’s the podcast:

Join us on The Real Estate Hour -Sunday 9-10AM pdt. 1350AM, 103.5FM or Streaming live at www.KSRO.com.

Jennifer Foster, Umpqua Bank NMLS #486146 Direct: (707) 636-3404 Cell: (707) 280-9502 JenniferFoster@UmpquaBank.com
Jennifer Foster, Umpqua Bank NMLS #486146 Direct: (707) 636-3404 Cell: (707) 280-9502 JenniferFoster@UmpquaBank.com

Umpqua’s loan products include;  unusual properties, portfolio lending and re-hab and construction loans. Some of our clients have directly benefited from Jennifer’s expertise in these products, as well as the more traditional loans.

We’re excited to hear more.

*By the way – This information is not just for home buyers!*
If you’re a Sonoma County home seller with a unique property, or you’ve been told your home isn’t “finance-able”,  tune in. This show is for you too!

Wouldn’t it be great if you could improve your home’s chances on the market, by increasing your home’s buyer pool? – by overcoming that obstacle upfront with creative financing options for your potential buyers!  win-win!!

This is just one of the extras we at The Kelly-NormanTeam offer our home sellers and buyers. We think outside the box to find solutions…and, so does our guest, Umpqua Bank loan officer, Jennifer Foster.

If you’re buying your first home or you’re a seasoned investor,  navigating through the mortgage process takes time, work, and expertise. Jennifer Foster has that covered, and she’s here to help.

Jennifer’s passion for helping people with their home loans is the driving force behind her success. She especially enjoy working with first time buyers – educating and assisting them throughout the lending process. (which she does very well) Whether you are purchasing, refinancing or building,  she provides consistent communication with everyone involved, ensuring a smooth and worry-free transaction.

Jennifer began her career in lending 25 years ago right here in Sonoma County, and she is proud to have joined Umpqua Bank because they believe in providing that same exceptional customer experience based on superior customer service.

More about Jennifer Foster;

  • Started her mortgage lending career in Sonoma County more than 25 years ago at IMCO Realty Services which became North American Mortgage.
  •  Passionate about educating clients and providing financing solutions that meet long term .
  • Specializes in Custom Construction and renovation financing.
  • With Umpqua Bank for almost 5 years.
    • Product mix includes unusual properties, portfolio lending and construction
  • Active in community serving on local boards and community organizations including
    • Schools Plus Board Member
    • Affiliate Member of North Bay Association of Realtors