Category Archives: Selling YOUR HOME

Will the City of Santa Rosa’s New ADU Rules make adding a 2nd Unit Easier? Tune in to find out.

David Guhin, City of Santa Rosa, CA Director of Planning and Economic Development will be on the show to discuss the State’s new requirements, and how cities are now required to make changes allowing for an easier, less restrictive process for adding an ADU (Accessory Dwelling Unit) to your property. More City of Santa Rosa info here

Tune us in at 9-10AM on KSRO 1350AM, 103.5FM and streaming live at KSRO.com.  Call in numbers are 707-636-1350

Search here for Santa Rosa homes for sale with granny unit, 2nd Unit, or ADU, or room to potentially add one? 

Missed the Show? – Listen HERE

 David GuhinDavidGuhin Director of Planning and Economic Development

City of Santa Rosa

 

Mr. Guhin has over 17 years of experience in the public sector, most of which has been with the City of Santa Rosa’s Water Department. In July 2015 Mr. Guhin was asked to lead the former Community Development Department through a series of strategic changes. His first tasks were to tackle the organizational changes that would create the new and revitalized Planning and Economic Development Department and to engage staff in visioning, developing, and implementing a comprehensive Process Improvement Action Plan aimed at positively altering the experience of doing business with and for the City.

Mr. Guhin’s areas of reasonability includes the Planning, Engineering, Building and Economic Development functions for the City of Santa Rosa.   In his time with Planning and Economic Development, Mr. Guhin has established the ongoing process improvement implementation, integrated the Engineering Development Services and Economic Development Divisions into the department, guided the development of the Housing Action Plan, and is leading the development of the City of Santa Rosa’s comprehensive policy on medical cannabis.

Mr. Guhin holds a Bachelor’s of Science degree in Engineering from the South Dakota School of Mines and Technology, and he is a Registered Professional Engineer in the State of California. Mr. Guhin’s recent community involvement includes being Past President for the Redwood Empire Food Bank, and he was the co‐chair for the Amgen Tour of California local organizing committee and has helped to bring the Ironman to Santa Rosa for the next 5 years.

David M. Guhin | Director

Planning and Economic Development

100 Santa Rosa Avenue | Santa Rosa, CA 95404

Tel. (707) 543-4299 | Mobile (707) 687-8806 | dguhin@srcity.org

 

Queen of Stagers! Denise Frye–Make Your House a Home. LIVE this Sunday!

DeniseOur delightful friend of the show and Queen of Stagers, Denise Frye, will be joining us to answer questions on home staging when selling a home. As Sellers are pondering selling during the upcoming spring marketplace, now is the time to ask Denise those tough questions on painting, decluttering, moving out and staging your home to sell? This and more!

Median “Active” vs. Median “Sold” BIG difference!

 

You hear so much about the "Median Home Sales Price" but how about the Median Listing Price?
You hear so much about the “Median Home Sales Price” but how about the Median Listing Price?

66% of May real estate sales fell between $400,000 to $749,000 here in the “Wine Country” of Sonoma County, California. Many in the nation might think our prices outrageous but here in the super heated “Tech-centered” Bay Area we are considered the “bargain basement”. Our “Median” SOLD home price is $580,000. However, the “Active” or “Showable” listings tell a different story. Whereas a “median” home price indicates half the market above and half below when it comes to “Active” listings its another story altogether. We have 818 total “Active” or “Showable” listings now available county-wide.  If we use $580,000 as a median home price with our “Active” inventory we see 27% of the available listings are BELOW $580,000 and 73% above. The county-wide Median “Active” list price is $815,000.

If you wish to find “Active” properties below the “Median SOLD Price” only 4 areas meet that criteria: Russian River–$449,000 with 59 showable listings. The SW area of Santa Rosa comes in at $469,000 with only 27 showable listings, followed by NW Santa Rosa, $515,000 with 46 showable listings and the Cotati/Rohnert Park with $537,000 median home price of actives but only 18 showable homes.

It really takes off from there. The top two median “Active” home prices? Sonoma at $1,297,000 with 125 showable listings and Healdsburg, $1,411,500 with 76 showable listings. Overall, of the 818 total “Active” listings 308 are OVER $1,000,000.

Are you a Real Estate investor thinking of a 1031 Exchange? Or, a homeowner looking to avoid a huge capital gains tax? Tune in to find out how…

Exchange Expert Toni Esposti.
1031 Exchange Expert Toni Esposti.

Toni Espositi of Old Republic Exchange Company (OREXCO) joins us on the Real Estate Hour Sunday June 5th 9-10AM pst., 1350AM, 103.5FM, and streaming live with Podcast immediately following the show at KSRO.com.

Regional Sales Office – California ‒ Northern
& Pacific Northwest – Ms. Toni Esposti, CES®

Vice President & Regional Sales ExecutiveToll Free: 888-677-1031
E-mail: tesposti@orexco1031.com

—————————————————–

There’s a very informative brochure on the OREXCO website at: https://orexco1031.com/Downloads/OREXCO_brochure_English.pdf

Here are some answers to common questions from the Orexco website FAQs . For one on one, specific answers to all your 1031 questions, call in during the show 707-636-1350 or contact Toni Esposti directly: Continue reading Are you a Real Estate investor thinking of a 1031 Exchange? Or, a homeowner looking to avoid a huge capital gains tax? Tune in to find out how…

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.

Bubble? Not with this lack of inventory–but affordability woes persist.

Here in Sonoma County, California, “The Wine Country”, we are seeing persistent scarce homes to sell and lack of affordable homes is raising its ugly little head. The only category where sales are out-performing last year is in two price categories: $500 to $750K and $750 to $1,000,000K. These are for detached single family houses.

SalesPricePointDifferenceFeboverFeb2016

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!

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

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