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Scarcity+Historic Low Interest Rates+Huge Demand=$Price$ Appreciation!

Scarcity+Historic Low Interest Rates+Huge Demand=$Price$ Appreciation! Posted Under: Market Conditions in Sonoma County, Home Selling in Sonoma County |  June 23, 2012 9:43 PM  |

http://www.trulia.com/blog/michael_j_kelly_cips_crs_sres/ Sonoma County “The Wine Country” ,California–Sellers are reporting offers in ALL Price Points. Distressed Market activity nose dives! The return of the “Normal or Equity” Seller is upon us. […]

As discussed with Trust Attorney Janne O’Neil last week..The Heggstad Petition can be filed if a property was not properly put into a trust.

Heggstad petition

One of the required elements of a California revocable trust is that the trust be funded with some piece of property, whether real or personal. Prob C §15202. Often times, a person who creates a trust without the assistance of counsel will fail to formally transfer their assets into the trust because they […]

 

One more indication of a “healthy” market is this graph showing “Equity or Traditional” sellers and the May “Sold Properties”–Note the huge surge, up 40% over last year at this time! yahoooooo! This means we are seeing MORE activity amongst the non-bank real estate community as they retire, move up, take advantage of super […]

“Traditional” or “Equity” contracts UP 57% WOW! This bodes well for a “healthy” and prosperous Real Estate Market.

Sonoma County, California–Great news for those seeking a more “traditional” marketplace. The number of properties “UC” or Under Contract “Non-Bank” meaning NO Foreclosures OR Short-Sales, is up a whopping 57%!!! Yeah! We like this as it means the distresssed market, though certainly NO gone by any means, is on the wane in Sonoma County as […]

“Shadow Inventory”? Flood of Short-Sales? “Bank” influenced properties down 45%!

Buying a home?…”How would you like to take title?”… Be prepared to answer this question?

When you sit down with your Realtor and your Escrow Officer, this question will come up….We are delighted to have attorney and friend, Janne O’Neil back on the show. We will be discussing the common ways to take title to California real estate. Click HERE to go to a chart describing the various methods to […]

Short Sales UP OVER last Year but STILL NOT Dramatic Numbers!

Here in the “Wine Country” of Sonoma County, California–our short-sales are UP but NOT that dramatically. The recent collective settlement of the Attorney Generals of the United States, promising some 250,000 MORE short-sales has YET to hit home. The HUGE $28 Billion settlement may see bigger numbers coming about in the next quarter. So this […]

First time ever, 15 year Mortgage Interest Rates fall BELOW 3%…Really??

As reported, May 31, 2012; Mortgage rates plummet —– 15 year mortgage falls below 3%!  30 year conventional financing at 3.75% I’m not sure how much lower my jaw can drop!

If you can get a new mortgage or refinance an existing one, There has really NEVER been a better time. Interest rates have fallen […]