Today’s Real Estate Hour is chock full of local and national information and 2014 predictions for the new year. Tune in Sundays from 9-10AM 1350AM KSRO or streaming live www.KSRO.com
Sonoma County Realtors and Homeowners should keep track of these 6 leading indicators to a healthy real estate market. One NOT on this chart is the “Distressed” market. Once almost 60% of ALL of our monthly sales in Sonoma County, it is dropped off to ONLY 10%. Welcome to a “normal/equity” driven marketplace. The big REO or Real Estate Owned wave of foreclosed homes has gone by the wayside.
In the chart to the left we can see a tad bit of “re-trenching” of median home price but STILL up over 22% from last year at this time. Of course, with surging home pricing we see a FALL in home affordability as witnessed in the drop from 49% last year to a disturbing 32%. Let’s hope we can keep this number in the 30% range. Still, NOT a good number. Other items–interest rates have lurched almost 1% higher and inventory keeps shrinking. We are in a “normal” winter cycle with most folks awaiting spring to place their homes onto the market. Get a jump on them and think about LISTING NOW! Less competition, serious buyers, low rates and big pricing. Contact Allison and I to assist you in determining your REAL price in today’s super competitive marketplace.
The Hour’s FAVORITE movie for the Holidaze–“A Christmas Story” is I its final run for the 2013 Holiday Season. Last performance is tonight, Saturday or tomorrow Sunday. However, Sunday is “SOLD OUT” but the performance tonight, Saturday, December 21st at 8:00, still has tickets but you’d better act fast! My friend, Mark Vicini, will be bringing one of the actors of the play to the show Sunday, December 22nd for some fun and trivia on the BEST Xmas movie and PRESENT!
In studio will be Dario Musso who plays “Schwartz” in “A Christmas Story”. You may recall that “Schwartz” had a couple of pivotal moments in the movie. First, he “Triple-dog-Dared” his buddy, “Flick” to place his tongue on the frozen flag pole–not a good idea! Continue reading “A Christmas Story” cast member, “Schwartz” aka, Dario Musso, joins us on the show!
Sonoma County real estate Investors are seeing a new reason to use the IRS 1031 Exchange option as equities soared during the past two years. But since many have NOT used this tax code in many a year, we are bringing to the show our local expert–Debra Culbertson.
She is the Northern California Sales Manager for First American Exchange Company and has specialized in 1031 exchange transactions for over 15 years with First American Exchange. Debra also has experience in commercial real estate leasing, commercial title insurance and TIC (Tenants in Common) brokerage.
30 North Street
Healdsburg, CA 95448
Cell: (408) 857-8213
Toll Free: (800) 833-4343
PLUS–Our “Stager” Denise Frye of “Make Your House a Home” will drop by to give us some tips on staging a home for the Holidays! All this and YOUR questions on the longest running Real Estate Talk show in the Bay Area!! KSRO’s “Real Estate Hour”, every Sunday, 9 to 10am, PST, 1350AM or streaming LIVE at www.KSRO.com
Come join our fun Keller Williams crew for our annual Holiday Party at our offices at: 3562 Round Barn Cir #200 Santa Rosa. Friday December 20th, Starts at Noon and runs to about 1:30pm. We’ll have plenty of fabulous food and good cheer. If you are considering a move to a company with total educational support, profit share module and the ability to reach 100% broker split give me a call or come up and talk to the Realtors of the company. Either way–you’ll have FUN! It’s a KW pastime!
“Careers Worth Having, Businesses Worth Owning and Lives Worth Living” –Gary Keller
Created as a grand experiment, based on Gary Keller’s conviction that if the company focused its resources on building its agents, the agents in turn would build the company beyond all expectations, Keller Williams Realty has reshaped the North American real estate industry landscape.
From California Association of Realtors;
Good news for distressed homeowners. Today we received a letter from the California Franchise Tax Board clarifying that California families who have lost their home in a short sale are not subject to state income tax liability on debt forgiveness “phantom income” they never received in a short sale. Distressed California homeowners can now avoid foreclosure or bankruptcy and can opt for a short sale instead, without incurring federal and state tax liability, even after the Mortgage Forgiveness Debt Relief Act of 2007 expires at the end of this year.
As long-terms Realtors exclusively working in the “Wine Country” of Sonoma County, California–MANY Sellers say the following about selling during the Holiday Season: “The Winter season is slow.” Or, “No one is really buying or selling.” And even, “I’ll get started in the New Year, it’s a new start right
Wrong. The truth is, it’s better to be ahead than behind. The winter months are the perfect opportunity for Home Sellers!
Of course, here in Sonoma County, The Kelly-Norman Team must give sellers a little perspective to help them understand why listing now can benefit their bottom line. So without further adieu, here are 11 reasons Sonoma County Sellers should list during the Holiday Season.
11. By selling now, you may have an opportunity to be a non-contingent buyer during the Spring, when many more houses are on the market for less money! This will allow you to sell high and buy low. Continue reading 11 Reasons WHY Sonoma County Real Estate Homeowners Should Sell During the Holiday Season